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I have a loan with Advance Me Today. I have paid $192.00 on a $200.00 loan. I found out that this company is not licensed in the State of California. I have filed complaints with the California Department of Corporations, FTC and the BBB. I offered to pay them the $8.00 that is owed for the principal only. I also closed my checking account. They are now harassing me for $248.00 + fees and now they want $326.00. It is my understanding that I am only responsible for the principal amount. What can I do? Do I have any rights?
Only responsible for the principal
Welcome to the forums!!!
You are right. You owe principal only. Don’t pay them an extra dime other than the borrowed amount. You have done the right thing by closing down your bank account. Don’t worry mate….they can’t do anything.