payday scam ?????? i need advice/help
Date: Sat, 07/26/2008 - 10:51
i feel like i am getting scammed by a payday loan company ambassador/nationwide cash internet based payday loan i took out a loan in april for 400.00 and since then have had a total taken out of my account of 805.00 i have taken out many payday loans and have never had to pay back twice as much as i have been loaned something seem wrong please help me
ALL payday loans are SCAMS!!! Good Luck with these jerks......th
ALL payday loans are SCAMS!!! Good Luck with these jerks......they refuse to mark my account PIF!!!!
reply
dvy,you need to stop these dopes.if you already haven't close
or put a hard block on your account.this will prevent any debits
from going through.what state are you in?that would also go a
long way to determine your next move.
Legal status of payday loans in Missouri: - Quote:Missouri
Legal status of payday loans in Missouri: -
Quote:
Missouri State Information Legal Status: Legal Citation: Mo. Rev. Stat. ???? 408.500 et seq.; 4 Mo. Code Regs. ???? 140-11.010, 140-11.020 Loan Terms: Maximum Loan Amount: $500 Loan Term: 14-31 days Maximum Finance Rate and Fees: Not Specified (No borrower shall be required to pay a total amount of accumulated interest and fees in excess of 75% of the initial loan amount on any single authorized loan for the entire loan term and all authorized renewals. Otherwise, interest is set pursuant to small loan law which provides that parties may set rate by contract.) Finance Charge for 14-day $100 loan: $75 apr for 14-day $100 loan: 1980% Debt Limits: Maximum Number of Outstanding Loans at One Time: Not Specified Rollovers Permitted: Six (borrower must reduce principal amount of loan by 5% or more upon each renewal) Cooling-off Period: Repayment Plan: Collection Limits: Collection Fees: NSF fee; Collection costs (including court costs and reasonable attorney's fees) Licensee cannot use a series of ACH transactions to collect a single check. Criminal Action: Prohibited (Unless check returned due to closed account or stop-payment by maker) Where to Complain, Get Information: Regulator: Missouri Division of Finance Address: Consumer Credit Section, P. O. Box 716 301 W. High Street Jefferson City MO 65102 Phone: (573) 751-3242 Fax: (573) 751-9192 Regulatory Contact: Joe Crider,, Supervisor, Consumer Credit Regulator Website |
I am having "fun" with them right now. I borrowed $400, have pa
I am having "fun" with them right now. I borrowed $400, have paid back $180, and they are expecting another $677.50 from me. Are they still deducting from your account? Good luck with them. I have filed with the AG, BBB, and FTC and am waiting to hear their responses.
