I'm at the same place. BOA didn't close my account in time as I requested and ALL of the auto debits hit and I got fees on top of them. Next payday, same thing, but at least they returned the debits to the payday places. So now I have almost $1000 overdraft balance and the nasty payday places calling me a hundred times a day... filing tomorrow!!!!
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Filed Pro Se
9/10/07
341 Complete
10/16/07
Discharged
1/23/08 -
Did you know payday loans are illegal in some states?
Are you one of them? I know for sure, Texas, New York and
Georgia are 3 of them.
There is a usary cap on them and no preditory lending is allowed.
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I reside in Texas, have for all of my years. Payday loans are NOT illegal in this state. There are several payday loan companies in the town I live in. Most are meant for only short term use and have low interest rates. I have never used one nor do I ever intend to, but they are not illegal in this state.Originally posted by KellyBerg View Post"Try to save money. Someday it may be valuable again." - AnonymousComment
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One of the moderators should post a sticky on "Pay Day Loans", with:
DO NOT USE - EVER! in big bold letters. If you have one, get out now!Filed Business Chapter 7: 7/11/07
341 Meeting: 8/8/07 Asset Case
US Trustee reviewed case/resolved 9/14/07
Discharged: 10/11/07 Closed: 11/2/08Comment
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sorry, you're right. Here are the states:
I did find out this about New York and TEXAS, though:
Last edited by KellyBerg; 09-04-2007, 01:59 PM.Comment
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i wish it were illegal here.....Comment
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