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Installment LOAN legality?

Submitted by elamine32 on Sat, 03/09/2019 - 10:16
Posts: 7
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How do you check if a lender is legal in your state? I have 4 payday loans and I need to know what options I have. I'm currently paying a lot of money on them.

Spot Loan- Original amount borrowed 600

Blue Trust Loan- Original amount 425

Credit Cube-Original Amount- 300

Skytrail Loan-Original Amount -500


There are a couple of steps you should take right now.

1. Revoke your ACH authorization
2. Stop making payments if you have already paid the principal amount
3. Send an email to these lenders and inform your decision


Submitted by David Martin on Tue, 03/12/2019 - 22:05

David Martin

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Thank you! I revoked ACH and will be closing my account and opening a new one, i still dont trust the loan companies. I have sent them all letters, and have stopped paying on one as i have over paid already (blue trust). I received responses from all the companies except blue trust. Sky trail has agreed to my terms on when i pay just the principle back. Credit cube has not and has been harassing me ever since. Spot loan did not agree either, but i only intend to pay off the principle of the loan. Nothing more.


Submitted by elamine32 on Wed, 03/13/2019 - 04:11

elamine32

( Posts: 7 | Credits: )


Update: Credit cube is accusing me of fraudulent activity because I am refusing to pay back the loan and interest. I am not refusing to pay back what I borrowed. I have received numerous phone calls and vicious voicemails. I have sent an email to them stating that I will be reporting there harassment to the AG of Michigan. I just want to know how do I know they are illegal lenders and what should I do? I won't be able to pay back the principle in one payment and that is what they are upset about, however, I'm not refusing to pay it. I just really need some help please!


Submitted by elamine32 on Wed, 03/13/2019 - 14:03

elamine32

( Posts: 7 | Credits: )