Internet's First Get Out of Debt Community!

20+ Years of debt relief success

Slide to see your debt amount now

HELP in RI

Date: Fri, 09/25/2009 - 12:45

Submitted by anonymous
on Fri, 09/25/2009 - 12:45

Posts: 202330 Credits: [Donate]

Total Replies: 4


Is cashnet USA legal??? I have a $700 loan with them and which I have paid them $700 today they took another 298 and said that I still owe them $875 more - I live in Rhode Island.


Click the link below to read your payday loan laws:
http://www.paydayloaninfo.org/state_detail.cfm?id=RI
CashNetUSA may have loaned to you as an installment or small loan lender, look at your contract again, because if they are listed as an installment, small loan or personal lender the payday loan laws would not apply to them. My best guess is they are legal. If you would like to find out for sure call the Rhode Island Department of Business Regulation at (401) 222-2405.


lrhall41

Submitted by Shazzers on Fri, 09/25/2009 - 13:00

( Posts: 17344 | Credits: )


Quote:

Originally Posted by Anonymous
I think from reading it it is a installment loan - it says: The amount you will have paid after you have made all payments as scheduled is $875 to date I have paid 998.00!!! What do i do now
Thank you


Request an EPP (extended payment plan). And check your DFI to find out what the legal interest rate is for installment loans.


lrhall41

Submitted by Shazzers on Fri, 09/25/2009 - 16:32

( Posts: 17344 | Credits: )