sticky
Date: Tue, 05/29/2012 - 15:18
Hello,
My name is Taz and I live in TN. I have a pdl online and the state the loanshop is Delaware. My loan was original for 800.00 now it has gotten way out of control, I called them and Joe was very hateful with me explaining my financial situation. My next draw is june 5 for 480.00 and then to pay it off its 800.00 plus the 480. the fee is 240.00 every two weeks until paid. I know for a fact in delaware the max is 500.00 with four rollovers. What do I need to do, TN is legal but abide by the online states rules. What steps do i need to take to financially get back on track. I a lot of people dealing with the Loan shop online based out of Delaware. Just hearing other peoples problems makes me feel way better! Thanks for your help! Taz:p
My name is Taz and I live in TN. I have a pdl online and the state the loanshop is Delaware. My loan was original for 800.00 now it has gotten way out of control, I called them and Joe was very hateful with me explaining my financial situation. My next draw is june 5 for 480.00 and then to pay it off its 800.00 plus the 480. the fee is 240.00 every two weeks until paid. I know for a fact in delaware the max is 500.00 with four rollovers. What do I need to do, TN is legal but abide by the online states rules. What steps do i need to take to financially get back on track. I a lot of people dealing with the Loan shop online based out of Delaware. Just hearing other peoples problems makes me feel way better! Thanks for your help! Taz:p
Loan Shop doesn't seem to be licensed in TN. I don't think you h
Loan Shop doesn't seem to be licensed in TN. I don't think you have much to worry about. You just need to pay off the $800 principal that you borrowed, nothing towards fees and interest. Just close down your current bank account and send copies of a ACH revocation letter to your bank as well as Loan Shop.
You can find more information here: http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
