getting rid of payday loans
Date: Fri, 10/03/2008 - 07:05
Does anyone know of a debt management/settlement/consolidation service that helps with payday loans in Maine?
Have you considered settling them on your own ? You can save som
Have you considered settling them on your own ? You can save some money doing so.
Are the pay day loans store front or internet ? What are the balances and names of the creditors ?
Please read the link below about the payday lender laws. http:/
Please read the link below about the payday lender laws.
http://www.debtconsolidationcare.com/maine/paydayloan-laws.html
Quote:
Maine State Information Legal Status: Prohibited - Permitted for supervised lenders Citation: Maine's UCCC applies. 9-A Me.Rev.Stat.Ann. 2-401. Supervised Lenders are exempt from 32 M.R.S.A. 6138(4)(D) which prohibits a check casher from cashing or advancing any money on a postdated check. Small Loan Rate Cap 30% per year on amounts up to $2,000 or a fee of $5 for amounts financed up to $75; $15 for amounts financed $75.01-$249; or $25 for amounts financed of $250 or more. Where to Complain, Get Information: Regulator: Maine Office of Consumer Credit Regulation Address: Department of Professional and Financial Regulation, 35 State House Station Augusta ME 04333 Phone: (207) 624-8527 Fax: (207) 582-7699 Regulatory Contact: William N. Lund Director |
