Help! Help!
Date: Mon, 06/20/2011 - 10:14
Where can I find out where my payday loan companies are located? I have Star Cash Processing, Ameriloan, One Click Cash, My Payday Any Day.
I have found out that they don't have to be licensed in Arkansas but they are considered illegal since they charge over 17% interest. Should I send them a CDL or revoke the ACH notification to them? I am going to try and get my bank to stop any debit from them but I have heard that banks don't like doing that because you signed a document and agreed to the terms.
Anyone have suggestions on this. Since it is illegal to charge over the 17% interest, I am going to try and call them to set up a payment to pay the principal only. Is that suggested??
Any help offered is very much appreciated.
I have found out that they don't have to be licensed in Arkansas but they are considered illegal since they charge over 17% interest. Should I send them a CDL or revoke the ACH notification to them? I am going to try and get my bank to stop any debit from them but I have heard that banks don't like doing that because you signed a document and agreed to the terms.
Anyone have suggestions on this. Since it is illegal to charge over the 17% interest, I am going to try and call them to set up a payment to pay the principal only. Is that suggested??
Any help offered is very much appreciated.
Pay only the principal amount. No need to pay such high interest
Pay only the principal amount. No need to pay such high interests.
Send them an ACH revocation letter via email. Use their customer
Send them an ACH revocation letter via email. Use their customer service email address on their website. Also revoke any wage assignment you may have signed.
Print a copy of each letter and take them in to you bank. Ask them to close your account.