Amcapital loans ALERT!!!!!?

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Commissioner Antonakes added, 鈥淭here are no payday lenders licensed or based in Massachusetts. Under the state鈥檚 small loan law, annual interest rates on these loans are capped at 23% and fees are limited to $20. Pay day lenders typically charge annual percentage rates averaging 300 percent and fees averaging $30.鈥?br>

Pay day loans are short term, small sum, high rate, unsecured personal loans that use consumer checking accounts (either post-dated checks or electronic access) to secure repayment of the amount borrowed. Repayment of the full amount and lender fees are typically due within 14 days or with the borrower's next paycheck. Partial payments are rarely allowed so if a borrower can't repay the full amount within the required timeframe, the loan is usually rolled over for additional periods of time and additional fees.

If you believe you have been a victim of this advance-fee loan scam or pay day loan operation, call the Division of Banks鈥?Consumer Assistance Unit at 1-800-495-BANK (2265).

Amcapital loans ALERT!!!!!?

They also work under the web address www.amcapitalloans.com which has a physical address of 41 Marietta st nw in atlanta, ga. There is no such company in this building. DO NOT SEND THEM MONEY! No one should have to pay money to receive money. I just lost $1000 to them so I speak from hard learned experiance. I'm making it a priority to see them shut down. Post to every website you can find, call the AG off ice in you state and send a report to the BBB. None of the above can return your money, but the word will get out faster and maybe they'll be found.

Amcapital loans ALERT!!!!!?

thanks for the heads up

Amcapital loans ALERT!!!!!?

thank you for the info, all states need to do this when a company is busted, and it should be published and put in all newspapers. the name and supposedly location of the company. and the owner should be prosecuted.

Amcapital loans ALERT!!!!!?

I wish, I would've had this information before I sent my payment.. I think all states should have this information available at all times.. Thanks for the information

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Amcapital loans ALERT!!!!!?

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