Need help in FL
Date: Mon, 04/19/2010 - 05:45
I have two outstanding pdl's and I don't see any ending. I have one loan with Loan Point USA in which I have paid $1620.00 for a $600 loan with a $600 balance I pay $360 each month on this one. The other is with mycashnow and have paid $874.58 and have a balance of $500 on a $700 loan. Your help is appreciated.
Quote:Originally Posted by AnonymousI have two outstanding pdl's
Quote:
Originally Posted by Anonymous I have two outstanding pdl's and I don't see any ending. I have one loan with Loan Point USA in which I have paid $1620.00 for a $600 loan with a $600 balance I pay $360 each month on this one. The other is with mycashnow and have paid $874.58 and have a balance of $500 on a $700 loan. Your help is appreciated. |
there is an ending here.both loans are illegal in FL,because to lend in FL an ipdl must be licensed in FL.neither are so you only owe the principle.first close your current account and open a new one.these places will debit forever if you allow it.next go to the sticky titled DEALING WITH ILLEGAL LENDERS. it will give you everything you need including template letters to send to the pdl's.you have overpaid on both,and shouldn't give them another dime.btw both places owe you a refund.first secure or close your current account before sending these places any letters or correspondence.
The laws is Florida make loans by unlicensed lenders non-collect
The laws is Florida make loans by unlicensed lenders non-collectible. So when the debt collectors call tell them they should go read section 516 of the Florida Consumer Financial Act.
