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payday loan help

Date: Mon, 01/21/2013 - 12:54

Submitted by anonymous
on Mon, 01/21/2013 - 12:54

Posts: 202330 Credits: [Donate]

Total Replies: 5


I live in new york state and I have 4 loans  us splash cash, $460 so far paid $644 and this was all in interest. hydra fund $250 paid $300 in interest. West River Cash $250 paid $300, and usa money shop 700 paid $201. Are these loans illegal? 


Payday lending is prohibited in New York. That means all of your lenders are illegal. You owe principal only. No interest….no fees. Close down your bank account and open a new one. Ask them for a refund as you have already overpaid them.


lrhall41

Submitted by anonymous on Mon, 01/21/2013 - 22:19

( Posts: 202330 | Credits: )


All the payday loans are illegal. You're only responsible for the principal amount and not the interest rates and fees. You've overpaid on all the loans except USA Money Shop. Ask the rest of the lenders to give you a refund in writing.


lrhall41

Submitted by ditchdebt on Mon, 01/21/2013 - 22:21

( Posts: 675 | Credits: )


Everything has already been said here. Just remember to revoke ACH authorization before your close your account and in the same vein, revoke any voluntary wage assignments you pay have signed.


lrhall41

Submitted by Steve Barris on Tue, 01/22/2013 - 01:58

( Posts: 1043 | Credits: )


I am responding to the email referenced below regarding your outstanding loan with Sure Advance.
Sure Advance is a company in good standing in the State of Delaware and a fully-licensed Delaware short-term lender. Sure Advance does not do business in Indiana, but did make a cash advance to you pursuant to your request made in Delaware via the Internet. The transaction is legal and compliant under Delaware law.
Sure Advance has modeled our short term loan product to disclose all information available. This pertinent information was shared with you prior to the funding of your loan. A loan agreement was presented to you on our website in Delaware after the completion of your online application which was done on November 26, 2012.
Your outstanding balance is $271.80 which includes the principal borrowed and interest owed on the principal.
As a result of our commitment to customer service and your misunderstanding of the terms of the loan, we will accept a settlement of $100.00 on the balance owed and forgive the remainder of the balance.
Please let me know if you would like to take advantage of the settlement offer no later than Monday of next week.
I am also willing to customize a payment plan for you if you need the help. I will await your response.
Regards,
Denise
Denise McGeever
Director of Customer Relations
Sure Advance, LLC
What should my response be??
Sure Advance amount $300.00
Paid back $334.48
OVERPAID: $34.48


lrhall41

Submitted by Back Woods Barbie on Mon, 01/28/2013 - 04:21

( Posts: 25 | Credits: )