Q: HOW DO I REBUTTAL RIDICULOUS INTEREST RATES ON A PAYDAY LOAN AND THREATS OF SUIT OR "FURTHER COLLECTION ACTIVITY"
IM TRYING TO WORK WITH THEM BUT THEY WANT 80% OF THEIR $3500.00 BALANCE. $2,600.00 WAS THE ORIGINAL LOAN AMOUNT. AND THEY ARE RUDE AND WONT EVEN ENTERTAIN MY OFFER OF $1,139.00. THE GUY SAYS I MUST'VE THOUGHT HE WAS PLAYING WHEN HE TOLD ME THEY WEREN'T TAKING ANYTHING LESS THAN $2,400.00. AND THEN SAID HE WAS GOING TO NOTE MY ACCOUNT FOR FURTHER COLLECTION ACTIVITY....
A: There is no way to rebut anything via this online free Q&A forum. You need to sit down with an attorney in your area and get advice regarding the whole situation. You may be stuck as you willingly made the loan which is very likely based upon a written contract. The Payday loan people do not have to vary from the loan paperwork and can demand full payment under the terms.
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