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I like many others got caught on the payday loan treadmill. I live in Texas and currently have 4 internet pdl. I want to know which ones are legal.
Check-n-go-$1000 paid $1500 so far
Cash net USA-$1000 have extended payment plan in place
Cash cure-balance $700 not sure how much ive paid
Vandelier-$300 paid $90 so far
I intend on sending ach revocation letters to these lenders. Thanks for your help in advance!
Caught on the payday loan treadmill.
Welcome to the forums!!!
Check-n-go and Cash Net USA are legal lenders but Cash Cure and Vandelier both are illegal lenders. You are responsible for both the principal and interest to your legal lenders. But as far as the illegal loans are concerned, you owe only the principal. No interest, no fees. In this case it would be better for you to close down your old bank account and open a new one.