Eastside Lender - PDL or Consumer Loan in CA
Date: Thu, 07/26/2012 - 14:25
I have read through the forum here and determined that Eastside Lenders is in fact an illegal PDL in my state (CA) and I have paid exactly what I borrowed from them ($1000) and my next payment is set to come out next week. Since my loan documents state that it is "consumer loan" does that have any effect on whether or not I can be done with them? I have my bank account all set to be put on deposit only (since I am paid by direct deposit I have to do that until that hits) and I have my letter to email and fax to them stating I revoke my ACH and wage assignment (I didn't sign one, but still).
Question is - since this is listed as a consumer loan on the contract - am I stuck with them? It was for $1000 with a finance charge of $250 if paid back in full within 30 days. I didn't do that, I re-newed it for $500 twice. So they have their $1000 back. Can they come after me?
Thanks in advance.
Question is - since this is listed as a consumer loan on the contract - am I stuck with them? It was for $1000 with a finance charge of $250 if paid back in full within 30 days. I didn't do that, I re-newed it for $500 twice. So they have their $1000 back. Can they come after me?
Thanks in advance.
If you determined they are illegal then whatever they call thems
If you determined they are illegal then whatever they call themselves is irrelevant.
