Payday Loan Help Nevada

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I am a resident of Nevada. I have two payday loans out. Both were done by internet. The first is to Eagle Finance. The loan amount was $300. I have paid $625 and owe $200 in principal. The second is to Sandpoint Capital. It was for $300 and I have paid $90 of interest. I still owe $300. Can you help me?




Shazzers


Posts: 17425
Credits: 159275.2

Sub: #1 I'm not very clear on the Nevada laws for pdl's so I am going to
Thu, 07/31/2008 - 03:37

I'm not very clear on the Nevada laws for pdl's so I am going to bump this in the hopes that someone else who is, can advise you.

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Sub: #2 reply
Wed, 07/30/2008 - 18:46

they are payday loans




Shazzers


Posts: 17425
Credits: 159275.2

Sub: #3 Well, the Nevada laws aren't very stringent in Nevada unfortunat
Sun, 07/27/2008 - 18:17

Well, the Nevada laws aren't very stringent in Nevada unfortunately, I will post them for you. Are these installment loans, or payday loans?

Quote:
Nevada State Information

Legal Status: Legal

Citation:
Nev. Rev. Stat. 604A.010 et seq.

Loan Terms:
Maximum Loan Amount: 25% of expected gross monthly income
Loan Term: Max: 60 days
Maximum Finance Rate and Fees: Not Specified (After default: interest rate must be equal to or less than the prime rate at the largest bank in the State of Nevada plus 10 %)
Finance Charge for 14-day $100 loan: No Limit
apr for 14-day $100 loan: No Limit

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: Not Specified (Lenders cannot extend payment period beyond 60 days after expiration of initial loan period)
Cooling-off Period:
Repayment Plan: Yes

Collection Limits:
Collection Fees: $25 dishonored check fee (max. two fees for insufficient funds; max. one fee for closed account) Court Costs; Reasonable Attorney's Fees; Service of process costs
Criminal Action: Prohibited (Unless customer acted with criminal intent)

Where to Complain, Get Information:
Regulator: Nevada Financial Institutions Division
Address: 2785 E. Desert Inn Rd., Suite 180 Las Vegas NV 89121
Phone: (702) 486-4120
Fax: (702) 486-4563
Regulatory Contact: , Supervisory Examiner

Visit my blog-TAKE CONTROL!
CLICK HERE To join my Social group, The Payday-Loan-Free Advocates!
Online Complaints Ohio Attorney General
Online complaints: Federal Trade Commission.
Ohio Payday Loan Laws




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