MYQUIKLOAN HELP!!
Date: Thu, 05/07/2009 - 12:41
I took out a very stupid payday loan with myquikloan for $400. Unable to pay back at next time for amount of $520 rolled over to next paycheck. Have now paid "service fees" of over $1200 to this company. Had to close my bank account to get them to stop. Want to work with company, but they will not reduce to price of principal or lower...help. I live in Missouri, any loopholes that I can use at this point. I did some research and it looks like that MO has a law that a loan can only be rolled over up to 6 times and the amound of the principal has to have been reduced by 5% each time, which didn't happen...can this help me at all
At the end of my ropes with these stupid people HELP!!!!!!!
At the end of my ropes with these stupid people HELP!!!!!!!
Quote: Have now paid "service fees" of over $1200 to this compa
Quote:
Have now paid "service fees" of over $1200 to this company. Had to close my bank account to get them to stop. |
If this company is not licensed then they are Illegal and that $1200 counts towards your principal. Meaning they will owe you a refund.
First we need to know if this is an internet lender or storefront loan.
I believe this is an internet lender. Their collections are out
I believe this is an internet lender. Their collections are outsourced however, I am not even dealing with myquikloan anymore, it's a company called american lending co. I am very frustrated and want to know legally what I can do!!
