I had a $300 loan with Cash Central. We have been back and forth all day with e-mails. I pretty much told them that were not licensed in Louisiana and that my loan was illegal. They kept telling me they were following Utah laws. I proceeded to send them the Lousiana laws pointing out that a payday lender must have a physical location in Louisiana to get a license.
Of course, they kept responding that they were approved by Louisiana to lend under the Utah license. I asked them for proof of this approval. My next e-mail informed me that they were going to discount all fees and my payment would be for $300. I informed them that I had made payments for fees of $150 and the I then owed $150.
Cash Central then sent another e-mail reminding me that I had refinanced the loan twice and the $150 I had paid was for those finance fees. I reminded Cash Central that they were not legal in Louisiana and the Louisiana law does not allow rollovers or refinancing.
Well, I feel that I have a victory.....my last email from Cash Central stated that they have reveiwed my account and that $150 was left on my loan, to pay immediately with the options of payment.
Now I think I will try to break that amount up over 2 or 3 weeks.
I am struggling financially and $150 is alot to send at one time.