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Date: Wed, 07/27/2011 - 09:23

Submitted by thestarfamily
on Wed, 07/27/2011 - 09:23

Posts: 10 Credits: [Donate]

Total Replies: 2


I started a previous thread but I have made progress. I found out that three of my lenders were legal and they responded right away. those that are not just keep send junk email trying to talk there way out of it. I have paid the principle on all my loans but I doubt I will see a refund.

I have two questions.

1. At this point on all the illegals - should I start filing complaints? What type of paper work should I include on these complaints?

2. I have one lender that is licensed in my state but the limit in my state is $500 original loan amount and they have lended me $1000. I have repaid the original principle - will I still have to pay the interest or is the contract void?

Thank you for your help -


I would file complaints with you Attorney General, The Banking and Insurance Commission, the FTC. With the Banking and Insurance commission I would let them know if you have a copy of your contract since the limit was $500.00 and they loaned you $1000 they may be liable. I would also check with your state laws to determine if they are licensed to lend in your state and the criteria for lending that your state has. With the illegals I would keep ignoring their emails and keep filing complaints against them.


lrhall41

Submitted by danettere on Wed, 07/27/2011 - 11:36

( Posts: 281 | Credits: )


You haven???t mentioned the name of your state. Anyways, if you find that the lender is licensed to operate in your state, then you will be accountable for both the principal and interest. I think the following link may help you in this regard:
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html


lrhall41

Submitted by sally.nachelle on Thu, 07/28/2011 - 03:12

( Posts: 275 | Credits: )