wa state payday loan re-payment plan ?
Date: Fri, 07/20/2007 - 12:22
wa state payday loan re-payment plan ?
I have a question, I have several loans, I called each company to find out how to convert to a payment plan.
All of them seem to be different, most make you pay the fee (say $95 on a $700 loan) when you first convert. Then they split the loan amount out into 4 or 5 payments. Some of them told me they make you pay the $95 and then split the loan with a fee again? i.e. $795 /4 say...others said you pay the $95 and then they split the $700 and don't make you pay another fee. Can anyone tell me if it's legal for them to charge you the $95 and then charge it again when they split the loan into 4 payments? I can't find the WA state law, just very high level descriptions that say legally after 4 loans you can do a payment plan
All of them seem to be different, most make you pay the fee (say $95 on a $700 loan) when you first convert. Then they split the loan amount out into 4 or 5 payments. Some of them told me they make you pay the $95 and then split the loan with a fee again? i.e. $795 /4 say...others said you pay the $95 and then they split the $700 and don't make you pay another fee. Can anyone tell me if it's legal for them to charge you the $95 and then charge it again when they split the loan into 4 payments? I can't find the WA state law, just very high level descriptions that say legally after 4 loans you can do a payment plan
The loan terms are explained in your state laws. so pls find
The loan terms are explained in your state laws.
so pls find it here http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html
