First Bank of Delaware
Well I can tell you now that it isn't going to be that easy with
Well I can tell you now that it isn't going to be that easy with Payday loan-yes, they want you to pay what they say, you just giving them what they gave you will never satisfy them.
Here are the laws for your state...
Legal Status: Legal
Citation:
Mich. Comp. Laws 487.2121 et seq.
Loan Terms:
Maximum Loan Amount: $600
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: 15% of first $100, 14% of second $100, 13% of third $100, 12% of fourth $100, 11% of fifth $100, 11% of sixth $100 + any database verification fee
Finance Charge for 14-day $100 loan: $15
apr for 14-day $100 loan: 390%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: One with licensee or more than one with any other licensee
Rollovers Permitted: None (cannot renew; lender may extend only if it does not charge a fee)
Cooling-off Period:
Repayment Plan: Yes
Collection Limits:
Collection Fees: One $25 returned check charge
Criminal Action: Prohibited
Where to Complain, Get Information:
Regulator: Michigan Office of Financial and Insurance Services
Address: P.O. Box 30220 Lansing MI 48909
Phone: (877) 999-6442
Fax: (517) 335-4978
Regulatory Contact: ,
Arrowhead maybe easy to settle with, they were with me after I s
Arrowhead maybe easy to settle with, they were with me after I sent my letter over, I can't speak for the other one but i'm sure someone will come in and help you.
Also, try emailing [email]katie@arrowheadinvestment.com[/email] and tell her that you are willing to try and settle this matter, see what you can come up with!
So obviously Arrowhead and Payday Loan Yes are illegal since I a
So obviously Arrowhead and Payday Loan Yes are illegal since I am in MI. I would think I am only obligated to pay what they gave. Correct?