cash advance usa
Date: Thu, 07/17/2008 - 16:49
I originally took out a "INTERNET" loan with a payday company they had me write a check to them and fax them a copy of this check writen out to them but I actually hold posession of this check. I borrowed 300.00 and have paid them consistantly 50.00 biweekly since November each tiem this was considered a rollover I have now very much so overpaid them and when I tried to do a payment arrangement they declined. So I closed my checking account. Rollovers are illegal in both Florida their state and Minnesota my state. They are telling me that since I wrote a check out and supposedly still owe them money like I agreed to in the contract that they can persue legal interests in me for this check? Does this still work like a check?
Welcome to our board! To be honest with you I don't know how th
Welcome to our board! To be honest with you I don't know how that works. I have never done that process but I am sure that someone will be along shortly to help you with that. It would appear though, that you have WAY overpaid on this loan. I would bet you have probably paid 3 times what the loan was worth in the beginning. Hang tight. Someone will be along soon.
Have you checked to see if they are licensed to even do business
Have you checked to see if they are licensed to even do business in either state. If they are not following the laws in either state then I don't see how they would be able to pursue legal interests. I would consider filing a complaint with the boths states AG offices and the FTC as well as the bbb
