Loan

Sep 10 2017

Dollar Loan Center #parent #plus #loan

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Dollar Loan Center

What’s the law with payback on a loan for Dollar Loan Center? (Utah) I took out a $400 loan last June and I’ve paid a total of 1700.00 and still not finished. Can they still collect even though i’ve paid the loan 3 times over? I’ve got cancer and have had financial difficulties in paying for my medication due to numerous PDL’s. I’ve even tried stating my condition to them and they said it was in my contract to pay until paid in full. I asked what would happen if I just stopped paying and they said they would call my employer and references every day until they got it taken care of. They said they would be very agressive and they would take legal action if needed.

I need some guidance.

Utah Code Ann. 7-23-101 et seq.

Loan Terms:

Maximum Loan Amount: No Limit

Loan Term: May not exceed 12 weeks

Maximum Finance Rate and Fees: No usury limit

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: No limit

Rollovers Permitted: Not Specified (cannot extend or renew loan more than 12 weeks from original loan date)





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