I haven't seen too much posted on here about payday loans, but I need some advice. Back in 2009 I took out several payday loans because I was really strapped financially and was hoping that would help me get over the hump--bad idea I know. 500 Fast Cash has been calling me a lot lately, and I think I have a balance of $175. I know I did this wrong, but I sent them a DV last week and got the green card back the other day, but I don't think they have sold it or assigned it to a collection agency so they should still be the OC, so I shouldn't have DV'd them. I had read on another site or somewhere that if they are not licensed in your state, all you are liable for is the principal, not any of the fees. I sent them an e-mail before I DV'd them saying that I understood that they were not licensed in Texas and that I was only responsible for the principal amount of the loan, and since it had been renewed several times, that I felt that I had more than paid the principals of the loans and don't owe them anymore and in fact, might be entitled to a refund. I believe that this $175 I owe, is only fees, no principal. What do you suggest I do now? They are offering a settlement of $100, but I don't really want to pay them any more. They are not reporting on any of my credit reports so far. Any suggestions would be appreciated!!
Starting Scores TU 7/30/09 FICO 493 EQ 9/5/10 FICO 477 EX 11/14/2011 (lender pull) 575
Current Scores TU 10/19/2018 FICO 671 EQ 12/21/2018 FICO 614 EX 5/31/2014 FICO 658
Goal Scores 700 across the board
