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payday loans

Date: Thu, 11/20/2008 - 23:23

Submitted by anonymous
on Thu, 11/20/2008 - 23:23

Posts: 202330 Credits: [Donate]

Total Replies: 3


i had to take out several payday loans. i live in florida and all these loans were done online. i am tapped out and cant pay my monthly bills now. i need help on how to stop them from debiting my account and pay them back. please anyone with help!


First of all check whether the concerned payday loans are licensed in your state. If unlicensed then you're only obligated to pay the principal amount. But if they are licensed or store front then you have to repay in accordance with the pdl laws of Florida: -
Quote:

Legal Status: Legal

Citation:
Fl. Stat. Ann. ???? 560.401 et seq.; Rule 69V-560.901-912

Loan Terms:
Maximum Loan Amount: $500
Loan Term: 7-31 days
Maximum Finance Rate and Fees: 10% + verification fee
Finance Charge for 14-day $100 loan: $15
apr for 14-day $100 loan: 390%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot rollover)
Cooling-off Period: 24 hours
Repayment Plan: Yes

Collection Limits:
Collection Fees: All charges imposed on the lender by any financial institution; lender not entitled to treble damages
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Florida Office of Financial Regulation
Address: Division of Securities and Finance, 200 E. Gaines Street Tallahassee FL 32399
Phone: (850) 410-9805
Fax: (850) 410-9748


lrhall41

Submitted by phoenix on Fri, 11/21/2008 - 01:52

( Posts: 1445 | Credits: )


First of all, please list the following information so we can help you.
-Names of each pdl company.
-Whether they are store front or Internet.
-How much you borrowed.
-How much you paid so far.
-The state in which you reside.
I'm sorry to tell you this, but there is only one sure way to stop the withdrawals, and that is to close your account. If that isn't an option, then tell the bank to put a hard debit block on your account. Before you close your account, read this information at the link below. http://www.debtconsolidationcare.com/paydayloan/close-account.html

Please do not let any of these pdl's know you are going to close your account, until AFTER you have done it!


lrhall41

Submitted by Shazzers on Sat, 11/22/2008 - 12:05

( Posts: 17344 | Credits: )