Follow up to Question about legal in SC
Date: Thu, 07/11/2013 - 07:08
If you have had a long relationship with one of the illegal companies, can you go back to the beginning and add up what they given you and what you paid back and ask for the difference?
An example is Payday One/RISE, I started with they on June 2nd 2010, I received deposits in the total amount of $17575. They have withdrawn my account $22855.21. This results in an overpayment of $5280.21. I have a current loan of $1500 and have paid $560 toward this one. Should I not finish paying they off and ask for the $5280.21 that was over paid since 2010? I have a record of each transaction from my bank account and from their website.
Any help is appreciated.
An example is Payday One/RISE, I started with they on June 2nd 2010, I received deposits in the total amount of $17575. They have withdrawn my account $22855.21. This results in an overpayment of $5280.21. I have a current loan of $1500 and have paid $560 toward this one. Should I not finish paying they off and ask for the $5280.21 that was over paid since 2010? I have a record of each transaction from my bank account and from their website.
Any help is appreciated.
Definitely. Your overpayment
Definitely. Your overpayment takes care of the current loan of $1500.00 You are due a refund. Demand one.
Payday one is a licensed
Payday one is a licensed lender. You are responsible to pay them both the principal and interest. So you can’t adjust your current loan with the previous one.
