Mycashnow /Tx statues

Do you have any paperwork from the loan place? You can try and compare it to this:

Loan Terms:
Maximum Loan Amount:
Loan Term: 7-31 days
Maximum Finance Rate and Fees: $10 per loan + 48% annual interest
Finance Charge for 14-day $100 loan: $12
apr for 14-day $100 loan: 309%

What does it mean 309%?

So per say on a 300 Dollar loan the most they should charge me is ? and on a 610 loan the most they can charge me is?

Like I said they are telling the the balance to pay it in full is over 900 and I have already paid almost 200 to this one loan alone

Here, this is actually a little better:

The interest permitted on cash advances under $2500 is $18 for each $100 loaned per year (Texas Finance Code 342.200). As an alternate interest charge provision, the Texas Office of Consumer Credit Commissioner has instituted a $10 upfront fee, plus $4 per $100 loaned per month on short-term loans (equal to 48% apr) (Texas Finance Code 342.252 (3)). Additionally, all such loans that rollover more than two times must be converted to a declining balance loan with a set repayment schedule.

What was the original loan amount, and what is their "finance charge" per pay period for their so called "renewal"? For example, I had a 300 pdayday loan, and they charged me $75 per pay check for 4 paychecks just to roll the loan over to the next pay period and not contribute anything towards paying off the actual loan. Then, on the 5th paycheck, a minuscule amount of that $75 went towards the principle of the loan. So, they were in excess of TX's allowed interest limits, and they violated the statute about how many times a loan can be "rolled over" before money is actually paid toward the principle. Let me know if that helps or if I can try to explain it better. :)