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Payday loan yes

Date: Thu, 11/19/2009 - 06:09

Submitted by anonymous
on Thu, 11/19/2009 - 06:09

Posts: 202330 Credits: [Donate]

Total Replies: 9


I live in the state of NC, and borrowed money from PAYADAY LOAN YES, and they reported it to Transunion. I set up a settlement with them, but I fell behind. Can they place it on my credit report? I mean, they already have, but can I get it removed??


yes you can.file a dispute stating that they are an illegal pdl.also state that pdl's are prohibited in NC.if you don't mind me asking the following.

how much was borrowed?
how much was debited in fees before you defaulted?

please try to answer those and see how much if anything you still owe them.


lrhall41

Submitted by paulmergel on Thu, 11/19/2009 - 06:26

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It was so long ago, I have no idea, I'm looking for all of my paperwork now. What's on my credit report is $690. I tried to dispute the item on my credit report twice but it still remains on my credit report.
I know that I paid them $500.00 in renewal fees, but that was just for an extention, I never paid down on the balance.


lrhall41

Submitted by on Thu, 11/19/2009 - 06:37

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well being as pdl's are illegal in NC anything debited as fees goes towards the loan.example.

you borrowed 350.00
they debited 500.00 in fees

you not only owe them nothing more,but you should be refunded the 150.00 you over paid.you see in the instance of an illegal pdl you only owe the principle borrowed.the contract means nothing,and any fees taken deduct from the balance.try to find out,and file an AG complaint against this bottomfeeding ipdl.


lrhall41

Submitted by paulmergel on Thu, 11/19/2009 - 06:42

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I still need help...okay, my loan was for $350.00, and now they say I owe $650.00. I paid them $550.00 in renewal fees. If payday loans are illegal in NC, how can I prove to them that I don't owe any more money? And then get it off of my credit report???

Please Help


lrhall41

Submitted by on Fri, 11/20/2009 - 06:36

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just send them your state laws,and just state you paid 550.00 onyour loan,and will file AG complaints gainst them.they actually owe you the 200.00 you overpaid.do what was advised on the CR.dispute it as an illegal loan you overpaid.send the CRA your state pdl laws as well.let them know you filed AG complaints against paydayloan yes.get your AG involved with the CRA as well.bottom line you owe nothing,and should file ag complaints to get this resolved.


lrhall41

Submitted by paulmergel on Fri, 11/20/2009 - 06:45

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