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The Watercooler
Shady loan company. Help!
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<blockquote data-quote="DammitJanet" data-source="post: 576466" data-attributes="member: 1514"><p>300 bucks....this was a payday loan wasnt it? You can borrow up to $300 in CA for 1 month and the interest rate if you did it for that month is 212%! </p><p></p><p>However, they do try to tell you that by giving them that post dated check you can be arrested for writing a bad check. That is not true. The only thing you did was enter into a loan with them. Anytime you post date a check it becomes a promise to pay and not a bad check.</p></blockquote><p></p>
[QUOTE="DammitJanet, post: 576466, member: 1514"] 300 bucks....this was a payday loan wasnt it? You can borrow up to $300 in CA for 1 month and the interest rate if you did it for that month is 212%! However, they do try to tell you that by giving them that post dated check you can be arrested for writing a bad check. That is not true. The only thing you did was enter into a loan with them. Anytime you post date a check it becomes a promise to pay and not a bad check. [/QUOTE]
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Shady loan company. Help!
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