Are Payday loan Payment plans illegal in MO
Date: Tue, 07/20/2010 - 12:40
Well due to some unforseen circumstances I was not able to make a payment ontime and emailed my contact with the company to let her know before hand, I asked to be put on some sort of payment plan. She instead suggested that I just take out another loan with the company attaching the contract with her email. So stupidly I did, and lo an behold my job has really slowed and I have a feeling I'm about to be laid off. So today she called me and I asked her was there anyway that I could be put on a payment plan. She told me that payment plans were illegal in MO and in any company who gave me one must have been acting under "choice law".. is this right? Thank you in advance
Pay Day Hooray is not a licensed lender in your state, see the l
Pay Day Hooray is not a licensed lender in your state, see the link below and check for yourself:
http://finance.mo.gov/licenseesearch/index.php?formPost=1&xpt=0&license_num=&name=Pay+Day+Hooray&city=&zip=&type_code=&B1=Submit
CLICK HERE to find out how to deal with illegal lenders.
They are actually listed as Payday Hooray Dotcom, Inc.,
They are actually listed as Payday Hooray Dotcom, Inc.,
Did you check the licensee data base at the link above?
Did you check the licensee data base at the link above?
I did and they did come up as being licensed, my question is doe
I did and they did come up as being licensed, my question is does anyone know if them setting up a payment plan with me is illegal in MO, like she said? Thanks a lot in advance!!!!
Quote:Originally Posted by AnonymousI did and they did come up a
Quote:
Originally Posted by Anonymous I did and they did come up as being licensed, my question is does anyone know if them setting up a payment plan with me is illegal in MO, like she said? Thanks a lot in advance!!!! |
You can read your payday loan laws yourself at the link below:
http://www.paydayloaninfo.org/stateinfo/MO.asp
I don't know why it would be illegal to set up a payment plan, perhaps it's not their policy, but illegal? Not according to your state laws. Have you tried to contact their corporate office, that is what I would do instead of dealing with a customer service rep.
Thank you i didn't think about that I will try to contact the co
Thank you i didn't think about that I will try to contact the coporate office and check out the link you gave. I really appreciate the help and this site has really helped me deal with the stress of these loans you guys are a GOD send!!!
Payments Plans are defiantly not illegal in MO, must be a compan
Payments Plans are defiantly not illegal in MO, must be a company policy
Quote:Originally Posted by AnonymousTheir lincense is listed on
Quote:
Originally Posted by Anonymous Their lincense is listed on the website. |
That doesn't always mean it's real, anyone can produce a fake license, but that's neither here nor there.