illegal pdls in ca. how to confirm and can overpayments be credit to current loan?
Date: Tue, 07/10/2012 - 14:03
Does anyone know site I can refer to to confirm if payday lenders illegal? I have 2 I want to confirm: vandelier group and westgate group llc.
I reside in California.
I have used both of these lenders before and I currently have another outstanding balance with them. 300 each. If I don't make full payment of 390, loan gets refinanced at $90. Every pay period. If I'm correct I have read on forum that if illegal, one can request overpayments. About 2 months ago I was able to pay off loans. I incurred $90 on each loan and paid 390 on each loan following pay period. Can I request overpayments on past loan including 2 that I have outstanding with same companies now? Is there a template referencing california law to let them know they're operating illegally? I'm hoping to have current loans credited with past overpayments. I'm also going to close my bank acct. And right after send them letter. Thank u in advance.
I reside in California.
I have used both of these lenders before and I currently have another outstanding balance with them. 300 each. If I don't make full payment of 390, loan gets refinanced at $90. Every pay period. If I'm correct I have read on forum that if illegal, one can request overpayments. About 2 months ago I was able to pay off loans. I incurred $90 on each loan and paid 390 on each loan following pay period. Can I request overpayments on past loan including 2 that I have outstanding with same companies now? Is there a template referencing california law to let them know they're operating illegally? I'm hoping to have current loans credited with past overpayments. I'm also going to close my bank acct. And right after send them letter. Thank u in advance.
Both the PDLs you mention are illegal in the state of California
Both the PDLs you mention are illegal in the state of California. Yes, you can request overpayments to be pulled from previous loans to cover for the principal on your current loans.
You need to read this: http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
