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Quote:

usurious
adj. referring to the interest on a debt which exceeds the maximum interest rate allowed by law.




I think most of them, don't you? It's interesting to see what they charge compared to what is allowed??

Sub: #1 posted on Tue, 04/18/2006 - 14:18

CycloneFan CycloneFan

(Posts: 1156 | Credits: )

Every one we dealt with violated this law.

Sub: #2 posted on Tue, 04/18/2006 - 14:24

Not so Lucky Not so Lucky

(Posts: 3042 | Credits: )

And I am still dealing with some of the same ones. They should all be put out of business and prosecuted for violating so many laws.

Sub: #3 posted on Tue, 04/18/2006 - 14:26

CycloneFan CycloneFan

(Posts: 1156 | Credits: )

They are all on borrowed time. They think they can hide and violate the laws, but one day they will show up at work and oops the doors are locked and they have been shut down.

Sub: #4 posted on Tue, 04/18/2006 - 14:28

Not so Lucky Not so Lucky

(Posts: 3042 | Credits: )

Each one that I've dealt with has charged usury amounts, according to my state law. But as we all know, they keep repeating that they don't have to follow state laws. *shakes head*

Sub: #5 posted on Tue, 04/18/2006 - 14:56

set4sail set4sail

(Posts: 412 | Credits: )

Oh yes they do. They have to go by our states laws. If I understand correctly.

Sub: #6 posted on Tue, 04/18/2006 - 16:32

Not so Lucky Not so Lucky

(Posts: 3042 | Credits: )

Got news for u, they all follow the laws. They are audited by states yearly and they look for reasons to shut them down. Who did not read the contract is really the question here? Why didn't you go to the bank to get cash? Tips on paying off loans, pay extra and get them paid off.

Sub: #7 posted on Tue, 04/18/2006 - 16:53

Unregistered


Like hell they follow the laws. I know for a fact that most of the payday lenders have violated the laws. If you would like, I have no problem listing the ones that violate the laws. The list is long. oh btw, if you have nothing constructive to say, go find somewhere else to put your two cents worth in.

Sub: #8 posted on Tue, 04/18/2006 - 16:56

Not so Lucky Not so Lucky

(Posts: 3042 | Credits: )

Which company do you work for? We have enough proof that payday loan companies break laws, do you have any proof that they operate lawfully? You can use the File Upload tool to post your documents here. Looking forward to hearing from you very soon.

Sub: #9 posted on Tue, 04/18/2006 - 16:57

stella stella

(Posts: 488 | Credits: )

You are right stella, all of us in payday loan hell have enough proof to write a book.

Sub: #10 posted on Tue, 04/18/2006 - 17:00

Not so Lucky Not so Lucky

(Posts: 3042 | Credits: )

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