Flash Loans
Date: Fri, 04/29/2011 - 13:03
I have a $400 loan with Flash Loans. Took the loan out in August 2009. Each payment to them is $120; I make payments two times per month. I've made 42 payments (42 x $120=$5,040). Again, my original loan was for $400. They still charge me $240/month. Is there any way to get some of the $5000 (minus original loan) refunded back to me?
First off, what state are you in? then, stop letting them take
First off, what state are you in?
then, stop letting them take you money. Close the account, talk to them, do something to stop the payments from going to them. Then talk with your state AG and see if they can help you, maybe get a lawyer involved if possible. They are not going to want to refund anything, but you may be able to force them if you try hard enough.
WOW!! $5000 for a $400 loan??? GEEZ!! That's crazy!! Yep..you ne
WOW!! $5000 for a $400 loan??? GEEZ!! That's crazy!! Yep..you need to close your account and explain to the bank you need to make 'stop payments' when they are trying to take all of this money from you.
Wow in Washington, DC use the following to verify if the lender
Wow in Washington, DC use the following to verify if the lender is legal (I doubt they are)
License Verification and Status Information
This application is being upgraded. To verify a license, please contact DISB’s Banking Bureau by calling (202) 727-8000 or email [EMAIL="BankingBureau@dc.gov"]BankingBureau@dc.gov[/EMAIL].
They also published the following alert: http://www.disb.dc.gov/disr/frames.asp?doc=/disr/lib/disr/pdf/payday_loans_costly_cash.pdf
I also found this : http://www.disb.dc.gov/disr/frames.asp?doc=/disr/lib/disr/pdf/deferred_deposit_check_cashing_(payday_lending).pdf
You need to file a complaint immediately, write the letter and request a refund!!!
