DJR Group LLC
Date: Mon, 12/07/2009 - 01:48
I currently reside in Michigan. I took a loan out with this company in November for $250.00. Don't know if this company is legal or not, but somebody there has to be cleaning up and living high off the hog. They charge a fee of $75.00 just to get the loan, then every pay day they continuously charge the same amount unless you send in writing that you want to pay down the principle or pay off the loan. So far I have paid $150.00 to them in fees alone. Now I plan on paying this loan off next week but guess what, the fee is still the same whether the loan is renewed or not. So next week when I pay it off I will be paying $325.00. So that's a total of $475.00 for a $250.00 loan within a month span of time. That's worse than a credit card! I say if you live in Michigan, don't go to them for a pdl. They are more like loan sharks.
Lending of payday loans are considered legal in the State of Mi
Lending of payday loans are considered legal in the State of Michigan. The following is the link that will help you to get more information:
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html . You just need to click on the page and select the required state from the drop down list, you will get all required information relating to fees and everything.
internet payday loans
According to the law internet payday loans are illegal. I actually dealt with djr. Most of these online payday loan sites are illegal because they charge you double the interest.