I live in MN and I did 150.00 pdl. They took there

I live in MN and I did 150.00 pdl. They took there first 45.00 and then a week later started trying to take another 45.00.There was not enough moneyin my account and ever since them they have run out over 120.00 in nfs. Is this legal? What can I do? 1 click payday loans,

5 Answers

One Click Cash is not legal in your state. Let me tell you that. Close your bank account. Revoke wage assignment. 


File your Complaint and get Information

  • Regulator - Minnesota Department of Commerce
  • Address - Division of Financial Examinations, 85 7th Place East, Suite 500 St. Paul MN 55101
  • Phone - (651) 296-2135
  • Fax - (651) 296-8591
  • Regulatory Contact - Kevin Murphy, Deputy Commissioner

Payday loans in Minnesota MUST be licenced to be legal. Was it 1cllickcash.com payday loan?  If so, they are tribal and illegal.  Or is it another PDL??

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

Contact with Minnesota Department of Commerce in order to know the legality of the pdl company. If they are licensed, then you will have to bear both the principal and interest. But if they are illegal, then you can get rid of this trap by paying them only the principal amount. Close your bank account asap to stop unauthorized withdrawal.
 


Payday loan lending is legal in MN. You may close the bank account so that they don't debit money from the checking account. However, since you owe the money, you should make sure that you repay the money so as to avoid all hassles.


You haven't mentioned the state you live in. You need to find out whether or not they are legal and licensed to operate in your state. There are high chances that the payday lender is illegal. In such a situation, you'll be liable for paying them only the principal amount. You can even close down your account so that they can't debit any further money from your account. Legally they can't debit money from your account.


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