pay day loan. Need repayment advice
Date: Tue, 09/26/2006 - 12:49
When did you take these loans out and how much are they for?
When did you take these loans out and how much are they for?
300 200 250 350 Over the last 2 weeks. I am going to only be abl
300 200 250 350 Over the last 2 weeks. I am going to only be able to pay fees this check.
Since you've only just taken these loans, I would suggest you tr
Since you've only just taken these loans, I would suggest you try to pay back the principal amounts. At this time you really don't have any recourse unless you've paid an excessive amount over and above what's allowed for your state.
You also may want to try and consolidate these loans.
You also may want to try and consolidate these loans.
Angebaby, in which state did you take the loan. Go through your
Angebaby, in which state did you take the loan. Go through your state laws for knowing the legal charges.
Here's some info on Florida payday laws and interest and fees as
Here's some info on Florida payday laws and interest and fees associated with them:
Quote:
Florida State Information Legal Status: Legal Citation: Fl. Stat. Ann. ???? 560.401 et seq.; Rule 69V-560.901-912 Loan Terms: Maximum Loan Amount: $500 Loan Term: 7-31 days Maximum Finance Rate and Fees: 10% + verification fee Finance Charge for 14-day $100 loan: $15 apr for 14-day $100 loan: 390% Debt Limits: Maximum Number of Outstanding Loans at One Time: One Rollovers Permitted: None (cannot rollover) Cooling-off Period: 24 hours Repayment Plan: Yes Collection Limits: Collection Fees: All charges imposed on the lender by any financial institution; lender not entitled to treble damages Criminal Action: Prohibited Where to Complain, Get Information: Regulator: Florida Office of Financial Regulation Address: Division of Securities and Finance, 200 E. Gaines Street Tallahassee, FL 32399 Phone: (850) 410-9805 Fax: (850) 410-9748 |
Also, since you've registered here, take advantage of the call f
Also, since you've registered here, take advantage of the call from a debt counselor who may be able to give you some more options.
Thank you for your willingness to help with such a quick respons
Thank you for your willingness to help with such a quick response. My loans were issued from other states. I live in Florida.
The lenders still have to follow Florida law when lending to a r
The lenders still have to follow Florida law when lending to a resident of Florida, and they have to be licensed to conduct business in your state. Majority of these internet pdls are not licensed to lend in any state other than where they are located. They will tell you that you agree to follow their state laws in the contract you signed, that won't hold up.
Definately get a hold of the Florida Department of Business and
Definately get a hold of the Florida Department of Business and Prof. Regulation. I also live in Florida and they've been enormously helpful. There are there for consumers, it's what they do.
And they are very interested in payday loans and their illegal activities on licensing issues.