Multiple loans from same lender
Date: Fri, 02/15/2013 - 16:22
There is a lender that I've loaned multiple times from and have paid off the previous loans, but this current loan is where I fell into the payday loan mess. Has anybody asked a lender to use the previous loans that were paid off to cover the current loan principle? Since those previous loans were paid in full and I paid way more than the principle, I want that excess money to be applied to the current loan to be considered paid in full. I emailed the lender (MoneyKey) asking if possible and they basically said no.
Unfortunately, they would
Unfortunately, they would never let you use your roll-overs to pay back your loan, since essentially, this is how they make their money. They count on people rolling over numerous times. Sad, but true... If you have paid $592 off a loan of $300, you are entitled to a refund of $292.
Payday loans are illegal in
Payday loans are illegal in AZ. Follow the link in my signature line. Since this is a US based DE lender, demand a refund.
What state do you live in????
What state do you live in???? How much did you borrow and how much have you paid back???