I need help with online payday loans in Alabama.
Date: Tue, 11/30/2010 - 08:00
I have taken out 3 online payday loans with the folowing companies:
mycashnow.com- 430.00
Salaryfast.com- 280.00
ACE cash service- 350.00
Horizon Opp- 300.00
I have already contacted salaryfast.com and told them that I was made aware by my states department of finance that the loan I had with their company did not meet my states regulations and was therefore illegal. They did not object and they cleared the balance on my account. I have written letters to the rest of the loan companies trying to work out a repayment plan that complies with my states laws and regulations. I have already paid more than my state laws allow in interest on these loans and I am only willing to pay towards the principle now. I want to know if anyone has ever had any luck with any of the payday loan companys I have listed above as far as having them refund money for overcharging in interest or waiving all fees all together.
mycashnow.com- 430.00
Salaryfast.com- 280.00
ACE cash service- 350.00
Horizon Opp- 300.00
I have already contacted salaryfast.com and told them that I was made aware by my states department of finance that the loan I had with their company did not meet my states regulations and was therefore illegal. They did not object and they cleared the balance on my account. I have written letters to the rest of the loan companies trying to work out a repayment plan that complies with my states laws and regulations. I have already paid more than my state laws allow in interest on these loans and I am only willing to pay towards the principle now. I want to know if anyone has ever had any luck with any of the payday loan companys I have listed above as far as having them refund money for overcharging in interest or waiving all fees all together.
Getting a refund from the illegal payday loan companies totally
Getting a refund from the illegal payday loan companies totally depends on how you pursue the refund. Since all the pdl lenders are illegal, you should only pay them the actual amount borrowed. Check out the procedures and the letter that you should send to the illegal lenders in this link: http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html.
File complaints with the BBB, your states' AG and the Alabama Banking Department. Attach a copy of the complaints with the letter and send it to them.
