ctc question from Illinois

Hello there Mittens! I am going to post your state laws, and according to what I've read there are no rollovers permitted in the state of Illinois. Is this store front a member of the CFSA, because if they are you can evoke the EPP (extended payment plan), which means you can make 4 equal payments on that loan spread out on your paydays. All you have to do is ask for it. According to the law I am posting, it's $15.50 per $100.00, which would make the $800.00 you borrowed up to the amount of $990.00, they must be adding some kind of fees on it to reloan? I'm not sure.

Illinois State Information

Legal Status: Legal

Citation:
Ill. Comp. Stat. Ann. ???? 122/1-1

Loan Terms:
Maximum Loan Amount: lesser of $1000 or 25% gross monthly income
Loan Term: 13-45 days
Maximum Finance Rate and Fees: $15.50 per $100
Finance Charge for 14-day $100 loan: $15.50
apr for 14-day $100 loan: 403%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Two
Rollovers Permitted: None (cannot rollover)
Cooling-off Period: 7 days after 45 consecutive loan days
Repayment Plan: Yes

Collection Limits:
Collection Fees: One $25 NSF fee (Presentment limit = 2)
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Illinois Division of Financial Institutions
Address: Consumer Credit Section, 320 W. Washington Springfield IL 62701
Phone: (888) 298-8089
Fax:
Regulatory Contact: Phil Sanson,, Acting Consumer Credit Assistant Supervisor
Regulator Website

Licensee Database

CTC is Cash Transfer Centers. TOTALLY ILLEGAL OVERSEAS COMPANY. I know they will not refund any money to you. They won't "go back" and refund any overpayments per your state pdl law. Do you have a current loan out with them now?

Yes I closed the account with an outstanding $800 loan, meaning of course I would have paid them $1012 on payday (again!) had I not closed the account. I just wondered what the chances were of reimbursement, which I figured were slim and none... Thanks for the input!