online payday loan help?
Date: Tue, 08/11/2009 - 01:02
Last Dec 08, i stupidly filled out an online loan app for some cash. Cashnetusa approved me for a little over 300$...well i couldnt keep up payments which resulted in dozens of overdraft fees before i closed my bank account all together. Now i havent made a payment since im broke in over 8 mo and ive been avoiding collection calls. i should resolve the debt since i did recieve the money but now a law firm collection agency is calling me everyday and i recieved a letter stating i owe $1350. A thousand dollars in fees and penalties seems ridiculous. Can they do this or can i say ill pay the original loan amount and interest only?? PLEASE HELP IN IDAHO!!
I'd have sent a debt validation letter to the collection company
I'd have sent a debt validation letter to the collection company requesting them to itemise every fees and charges. Here you can find some more information on the payday loan company you are dealing with. Further, you may also look up the licensing status of the collection agency in the Idaho Department of Finance database.
http://finance.idaho.gov/
