help
Date: Mon, 07/02/2012 - 15:16
I have a question as well about intregrity. I borrowed 700.00 dollars from them 2 months ago and have paid them at least 500 in finance fees which they took directly out of my account. Finally had to close my acct. They tell me now that i owe them 1080.00 How is that possible? What is my recourse? What can I do and is this illegal? I live in Ohio. I never will ever borrow from a payday loan again. Thx tired and frustrated! HELP!
The loan is illegal....rollovers are not permitted in OH. Follo
The loan is illegal....rollovers are not permitted in OH. Follow the link in my signature line.
Ohio Payday Loan Laws
State Legal Status
Lending of payday loan is considered legal (-Low Cost) in the State of Ohio.
Loan Specifications
- Maximun Amount of Loan - $500
- Term of Loan - 31 days
- Maximum Rate of Finance and Fees- 28% per annum
- Finance Charge on $100 loan for a 14 day period - $1.08
- APR for $100 loan for a 14 day period - 28%
Debt Limits
- Maximum Number of outstanding loans permitted at a time - 1, 4 per year
- Permissible number of Rollovers - None
- Cooling-off Period - Limit of 2 loans in 90 days
- Repayment Plan - Yes, available. 60 days time period. No fees.
Limits of Collection
- Collection Fees - a) Bank charges (if disclosed); b) Collection aharge of $20; c) Court costs arising after default; Damages
- Criminal Action - Prohibited
File your Complaint and get Information
- Regulator - Ohio Division of Financial Institutions
- Address - 77 South High Street, 21st Floor Columbus OH 43215
- Phone - (614) 728-8400
Smart thing you did closing your bank account. Follow the instru
Smart thing you did closing your bank account. Follow the instructions mentioned in the link and don't forget to file complaints with the AG and the FTC.
Intergrity isn't licensed in Ohio. Follow SoapLady's advice.
Intergrity isn't licensed in Ohio. Follow SoapLady's advice.