Help with Loan Point USA
Date: Sun, 06/26/2011 - 09:23
I took out a loan in April with Loan Point USA for 600.00. I have since paid them 670.00. My account has been closed as I am dealing with other Illegal payday lenders. Before I started investigating and found out about these illegal lenders in Florida, I settled with LPU for an additional 780.00, and this is to be paid as 6 monthly installments of 130.00, which I have already paid 1. Since this lender is not licensed in Florida should I continue to pay them or should I send them the same illegal lender letters as I have sent the others. Technically they owe me 70.00. Any advice on this would be appreciated, because I know that any contract that involves an illegal lender is null and void per the research that I have done. Any thoughts on that as well?
Payday lending is legal in Florida. However, I will suggest you
Payday lending is legal in Florida. However, I will suggest you to contact Florida Office of Financial Regulation in order to find out whether or not LPU is licensed to operate in your state. If not, then you'll be liable for paying only the principal balance to them. If you've paid an excess amount, then you should immediately ask for a refund.
