Help me!!!

Date: Tue, 06/28/2011 - 11:16

Submitted by anonymous
on Tue, 06/28/2011 - 11:16

Posts: 202330 Credits: [Donate]

Total Replies: 2

Im in a some trouble with some payday loans, just wondering if they have to supply you with a physical mailing address. They are telling me that I have to wire them the money, Im wondering if that is ok? They are threating me and giving me a time line of when I have to pay them back and that they are sending me to collections,

As long as you have proof of your payment, in case you need it l

As long as you have proof of your payment, in case you need it later, wiring the money should be OK. It's an expensive way to pay, however. I suggest a pre-paid debit card.

Are these illegal lenders?

lrhall41

Submitted by OhioGal1 on Tue, 06/28/2011 - 11:22

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You haven???t mentioned the name of your state. At first yo

You haven???t mentioned the name of your state. At first you should check whether or not payday lending is legal in your state. After that, you need to know whether or not payday loan company from where you have taken the loan is licensed to operate in your state. If they are not licensed, then you will be bound to pay only the principal amount. Illegal payday lenders don???t have any right to take any legal action against you. You can wire them the money but you have to pay a fee for that. I think, the following link may help you in this regard:
"http://banking.about.com/od/howtobank/a/wiremoney.htm"

lrhall41

Submitted by on Mon, 07/04/2011 - 06:24

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