I took a payday loan with this company and ended up way in over my head. I found a consolidation company, Payday Freedom, that is trying to work with Mypaydayloan for payment arrangements to fit my budget.
Consumer Complaints & Reviews
I found that this company is illegal in my state and that Internet loans are illegal and unenforceable in my state.
Well, I revoked this company from ACH rights on June 22, 2011 and they still tried to debit my account on June 27, 2011, causing 105 in NSF to my account. They have sent several threatening e-mails stating that I am bound by their internal laws of Costa Rica. They have also stated that they will do everything possible to get the money back. They are stating that I owe over 1,080 for a 400 loan, and then they tried to debit my account four times on 7-25-11 totaling 800 and over 140 in fees to my account.
Extremely high interest rates I'm paying, yet I know there are newer laws on other countries or external state companies to PA residents. Want to make sure this company is not doing something illegal. Usually cannot pay it all back in 1 paycheck so have to span 2 checks and there is additional fee.
