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payday loans in california

Date: Fri, 01/22/2010 - 13:53

Submitted by ichigo k
on Fri, 01/22/2010 - 13:53

Posts: Credits: [Donate]

Total Replies: 4


i have 3 internet payday loans,

500fastcash-250 balance is 175.00
everestcash-250-just paid the 75 renewal fee for a month
loanshop-250-paid 100

are they legal in california? an is the renewal fee legal? i paid off the 250 with the renewal fee but that wont count that against the principal

[RIGHT][/RIGHT]


I am from california, too. And California has limits on what can be charged. The Department of Corporations has alot of information on their website. You need to start by letting us know if they are internet or storefront, because you have to treat them differntly. Closing your account is the only way to stop internet lenders to stop taking your money. You also need to send them letters of revoke. and file complaints against them with the dept. of Corp., Attorney Generals, F.T.C, BBB and www.ic3.gov. Do them asap.


lrhall41

Submitted by Jasgal on Fri, 01/22/2010 - 19:03

( Posts: 399 | Credits: )


Quote:

Originally Posted by Anonymous
Thanks for the info Shazzers, do you have any idea about the renewal fees?


The renewal fees wouldn't apply to unlicensed lenders, in fact, NO fees and NO interest would apply. All you would be responsible for is the amount you borrowed to begin with.


lrhall41

Submitted by Shazzers on Sun, 01/24/2010 - 11:33

( Posts: 17344 | Credits: )