Debt Consolidation Forums Payday Loan help forums
Reading about a scam with company I have loan with...
Sun, 07/06/2008 19:04
So, I'm doing research on the current company I have an internet pdl out with. I'm an IL resident and am trying to determine if they're licensed... ,in doing research on the internet, I'm seeing bunches of complaints about how they lure in the customers and then never deposit the money. Well, they deposited my money and haven't faulted on the contract to me yet... but the more I've learned on here, the more I want to see if this contract is even legal in the state of IL.
I borrowed $200 and have paid $48 in finance fees so far. I can roll-over my loan each time and have the $48 deducted from my account instead of the full amount owed.
I also have an internet pdl out with Power Funding. I borrowed $300 and have paid $90 in roll-over/finance fees. Wondering if they're licensed, too.
If these companies are NOT licensed, what's the next step I should take?