Payday loan help - CA
Date: Wed, 01/07/2009 - 12:11
I have seven payday loans and i need help.
The are all in CA, internet only. Can I call my bank and ask them to revoke the ACH debits? Will working with a debt management organization work?
cash direct 590
500 fast cash 390
american consumer credit 390
integrity advance 195
united cash loans 455
loan point usa 390
loan shop 390
What are the laws in CA?
The are all in CA, internet only. Can I call my bank and ask them to revoke the ACH debits? Will working with a debt management organization work?
cash direct 590
500 fast cash 390
american consumer credit 390
integrity advance 195
united cash loans 455
loan point usa 390
loan shop 390
What are the laws in CA?
Here are the laws in CA.. Quote:California State Information
Here are the laws in CA..
Quote:
California State Information Legal Status: Legal Citation: Cal. Fin. Code ???? 23000 to 23106 Loan Terms: Maximum Loan Amount: $300 Loan Term: Max: 31 days Maximum Finance Rate and Fees: 15% of check Finance Charge for 14-day $100 loan: $17.65 apr for 14-day $100 loan: 459% Debt Limits: Maximum Number of Outstanding Loans at One Time: One Rollovers Permitted: None (cannot charge fee for extension) Cooling-off Period: None Repayment Plan: Voluntary (no fees may be charged in conjunction with payment plan) Collection Limits: Collection Fees: $15 NSF fee Criminal Action: Prohibited Where to Complain, Get Information: Regulator: California Department of Corporations Address: Financial Services Division, 1515 K Street, Suite 200 Sacramento CA 95814 Phone: (866) 275-2677 |
Are the amounts you put what you borrowed or what you need to pay off the loans?
What was the original loan for and how much have you paid on each?
Im
Thinking about using debt consolidation and closing my account to work with the pdl's. Is that a good idea?
cash direct 590 (original loan amount 500, paid about 400 so far)
500 fast cash 390 (300 loan amount, paid about 300 so far)
american consumer credit 390 (300, paid about 300 so far)
integrity advance 195 (300) paid about 300)
united cash loans 455 (500, paid about 500)
loan point usa 390 (300, paid about 300)
loan shop 390 (300, paid about 200)