I took out a payday loan and I do need to repay it. However, I don't think this company is using legal debt collection practices. I have asked them for the documents regarding the loan, license number, company name, physical address, etc....I get nothing in response but rude and snotty emails. I have now asked them to stop emailing me at work. What should I do next? I am not arguing paying the loan, but I want to see the documents so I know what the fees were.
2007-03-15 05:43:46 · 1 answers · asked by casearas 2 in Business & Finance ➔ Personal Finance
Payday loans are extremely expensive cash advances that must be repaid in full on the borrower's next payday to keep the personal check required to secure the loan from bouncing. Cash-strapped consumers run the risk of becoming trapped in repeat borrowing due to triple-digit interest rates, unaffordable repayment terms, and coercive collection tactics made possible by check-holding.
For state specific regulations visit the site below!
Good luck! ;)
2007-03-15 06:48:46 · answer #1 · answered by Rhonda B 6 · 0⤊ 2⤋
I am sure you will find this site very useful: http://WWW.IMMEDIATELOAN.NET
RE:How do I find out if a Payday loan company is using illegal practices?
2014-07-04 06:03:31 · answer #2 · answered by Anonymous · 0⤊ 2⤋
Check out, please
2015-12-05 22:04:22 · answer #3 · answered by ? 3 · 2⤊ 0⤋