From what I have learned by searching through these forums -
BetterCash/MoneyLion - may or may not be legal - at least one person posted that they had used the sample letters to dispute with them and had received a response similar to their account would be closed out - if anyone can provide further insight about how to proceed with this lender, I would greatly appreciate it. I just don't know whether or not to continue to paying the amount requested on schedule or to do something differently.
Spotloan - it is my understanding that this is an illegal lender?
Elastic "Line of Credit" - it is my understanding that this may be a legally licensed lender (FDIC Insured) in Florida, but their interest rates appear to be WAY higher than the maximum interest rate allowed in Florida - I may be confused about how the maximum interest works in Florida - so maybe someone else in Florida can help me understand correctly?
I recently entered a debt management program through credit counseling, but they advised they do not include or work with any of these lenders, so I'm still on my own in handling those.
Any suggestions or comments greatly appreciated.
Thanks!!
Sub: #1 posted on Thu, 11/14/2019 - 23:18
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Sub: #4 posted on Mon, 11/18/2019 - 02:33
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Thanks SO much to everyone who has chimed in to help me thus far!
James
Sub: #5 posted on Tue, 11/19/2019 - 13:28
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