SpeedyCash Texas
Date: Mon, 04/23/2012 - 22:07
I live in Texas and took out an online loan with SpeedCash in January. I've renewed the loan 6 time at $127 and change which was interest only. The original loan amount was $500 so I've already paid them $750 or so.*
Am I off the hook and should I be entitled to a refund of my over payment? Thanks.
Am I off the hook and should I be entitled to a refund of my over payment? Thanks.
Speedy cash is legal in Texas. But rollovers are not allowed in
Speedy cash is legal in Texas. But rollovers are not allowed in your state.
TX has the same loophole as Ohio. They write you a new loan and
TX has the same loophole as Ohio. They write you a new loan and charge you a fee for it - hence, it's not "technically" a rollover.
You have to pay them. Call and ask for an extended payment plan. Generally, they break your current balance into 4 equal payments due over your next 4 pay dates.