OVLG is there to help you out when you’re immersed in payday loan debts. Check out the 7 steps through which OVLG processes your payday loan debts.
Step 2: You have to decide if you want to become a client of OVLG after clearing your doubts regarding the OVLG process and policies from the Financial Coach.
Step 3: Your CRA will collect the following details from you:
Step 4: The CRA will work closely with an attorney licensed to practice law in your state to determine the legality of the payday loan issued to you. Please understand that a blank judgment about a payday loan company cannot be made. You need to determine the legality of a specific loan first.
Step 5: If it is found that the lending was executed illegally, then your CRA will work with you to ensure that only the principal amount is paid to the payday loan company.
Step 6: If it is found that payday lending is legal in your state, then the CRA will determine the maximum interest rate you have to pay after discussing with an attorney.
Step 7: Once the maximum interest rate is determined, the CRA will either set up a payment plan or offer a lump sum settlement with the payday loan company.
Last Updated on: 11 Dec 2018