Q: I supposedly took out a $900.00 payday loan from Plain Green around March 2012. Has the statue of limitation not expired
They told me I now owe them $4,132, but would settle for $1,505.00. If it turns out I owe them, is it in my best interest to do the settlement or take my chances in court?
A: Did you or did you not?Ask for the paperwork. You'd remember if you went to the office of those people. There are now regulations on that so check with the consumer division of the banking department. Your chances in court depend on what the paperwork shows, or doesn't, what rate of interest they claim, etc. I would suggest when you have all your facts contact a consumer attorney via www.naca.net
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