One of the reply on my question was how much have I paid down on my pay day loans. I still owe all the principal amount on three of them and have paid 100 on one of them. My payments have been for renewal fees only.
What
was your question? What companies do you have PDLs with? A lot of them
you only owe the principal amount regardless of what they claim to be
'renewal' fees.
that's
right,you only owe the principle.let me give an example.
say you borrow 300.00 the pdl takes two 90.00 payments.
that 180.00 goes toward the loan whether the pdl likes it or not.you
only owe 120.00 on that loan. see what i mean?
![DebtConsolidationCare [A+ on BBB] Logo](/sites/www.debtconsolidationcare.com/themes/bootstrap_forums_subtheme/forums/images/dtcc-logo.png){kind=logo}
Sub: #1 posted on Fri, 08/08/2008 - 11:22
(Posts: 116 | Credits: )
say you borrow 300.00 the pdl takes two 90.00 payments.
that 180.00 goes toward the loan whether the pdl likes it or not.you only owe 120.00 on that loan. see what i mean?
Sub: #2 posted on Fri, 08/08/2008 - 11:26
Moderators Cum Industry Expert
(Posts: 15512 | Credits: )