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Spot Loan in Texas

Submitted by David R on Tue, 02/27/2018 - 07:39
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Hello, Thank you for your help with my earlier post. Since Spot Loan is illegal and I have paid $495, should I push for paying the reminder of $305 of the remainder of the 800 Loan? The lady I am dealing with is being incredibly unreasonable. I haven't said anything yet about the loan being illegal. What should my approach be? thank you.


I had a loan with this company they tried to tell me I owed 344 on a 500 loan from August 2017 after paying 93.00 every 2 weeks. The lady tried to explain to me how they were legal but she stated the 500 was depositedin my account.on 08/28/2018 . They stated.due.to my excellent pay history they would consider my account paid and closed. When she couldn't even get the date right on my loan or justify the reason I still owed so much I was done. Listen to the people on here they know their stuff


Submitted by Jewel on Wed, 02/28/2018 - 17:48

Jewel

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Thanks Jewel.

Honestly speaking, illegal lenders can't do anything even if you don't pay back the principal amount. But on moral grounds, I would say that you should pay the principal amount.


Submitted by SC on Sun, 03/04/2018 - 23:25

SC

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