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which pdl companies are illegal?



Sub: which pdl companies are illegal?
Sun, 14/06/2009 13:44

I have loans through magnum cash advance, 500 fast cash, b&l marketing, one click cash, and zip19. Are any of these companies illegal? I live in ohio



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paulmergel
paulmergel


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Sub: #1 replySun, 06/14/2009 - 13:44



all pdl's are illegal in NC.the reason none of the mentioned have been shutdown is because they give money to some tribes to get a tribal exemption.they can't be shutdown.that doesn't mean they are legal.in fact i don't know any AG'S or other government entities that consider them legal.again,no loan is legal as pdl's are prohibited in NC.

giving hope to the hopeless,help to the helpless,and hap to the hapless.


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Sub: #2 zip19Sun, 06/14/2009 - 06:50



i just got approved for a 500 loan with zip19. If the company is ILLEGAL then why they want shut down completely over the US? i know North Carolina do not have them anymore, but still that is like running a SCAM to rip people off. :evil: why the operations have not been shut down!!!! i have loans through USFaSTCASH, and ZIP19 are they illegal in northcarolina?


Cool_Abyss
Cool_Abyss

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Sub: #3 Please, Please cancel the loan immediately. It will end up costiThu, 05/14/2009 - 10:05



Please, Please cancel the loan immediately. It will end up costing you more than you bargained for. If they deposit the money I suggest having your bank reverse the transaction.

"We are what we repeatedly do. Excellence, then, is not an act, but a habit."

-Aristotle-


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Sub: #4 I borrowed from zip19Wed, 05/13/2009 - 21:49



I'm reading this and i'm starting to panic. I just got approved Wed for a small loan from zip19. They said that they will put the money in my checking account on Friday. They also said that in 2 weeks they will debit my checking in order to pay back the loan. Should i be concerned about this or what? :?:


Shazzers
Shazzers


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Sub: #5 You're welcome, please keep us posted! :)Wed, 09/03/2008 - 05:46



You're welcome, please keep us posted! :)

Visit my blog-TAKE CONTROL!
CLICK HERE To join my Social group, The Payday-Loan-Free Advocates!
Online Complaints Ohio Attorney General
Online complaints: Federal Trade Commission.
Ohio Payday Loan Laws


stressed-d1
stressed-d1
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Sub: #6 Ok great..Thank you so much!Wed, 09/03/2008 - 05:20



Ok great..Thank you so much!


Shazzers
Shazzers


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Sub: #7 Quote:So since these companies are illegal, how do i get out of Wed, 09/03/2008 - 05:14



Quote:
So since these companies are illegal, how do i get out of them? I have paid 4 rollover fees on 3 of the loans which amounts out to be more than the principal amount borrowed. Are these loans considered to be paid in full then? Zip19 is the only one where I have to pay off the full amount every two weeks


Yep, paid in full, do not let these people intimidate you or try to make you believe that you are bound by their laws, YOUR state law prevails, period. PLEASE file complaints with the Ohio Attorney General's office and the others, all the links are in the post above and the Ohio Attorney General's link to file complaints are in my signature.

Visit my blog-TAKE CONTROL!
CLICK HERE To join my Social group, The Payday-Loan-Free Advocates!
Online Complaints Ohio Attorney General
Online complaints: Federal Trade Commission.
Ohio Payday Loan Laws


Shazzers
Shazzers


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Sub: #8 Here's a letter but I would encourage you to tailor it to your nWed, 09/03/2008 - 05:11



Here's a letter but I would encourage you to tailor it to your needs. :) This gives you a general idea, however, some parts may not pertain to you. Make sure you read it over carefully.

[quote]Date:

Name Of PDL

Your Name
City, State
Account #


After doing research regarding Internet payday loan laws in the State of _______, I have found that your Internet payday loans are actually illegal. I have also found the following laws to be true applying to payday loans in the State of _____ in general:

Your State Information

I hereby revoke any and all ACH authorizations with your company from debiting any of my personal accounts, per Federal law, Regulation E Section 205.10 Preauthorized transfers. I have closed my account with the XXXXXX to protect my interest in this matter, per instructions from The _____ Department of Finance. I also revoke any and all wage assignments I may or may not have signed with your company, I no longer authorize you, your company, or your affiliates to attach any part of my wages or contact my employer for your collection purposes. I have notified my employer about this matter so any attempts to do so on your part will be rejected.

I demand that any contact be made through US Postal mail or email only. I will need everything in writing to keep accurate records of all communication as per instruction from my Attorney General's Office.
I prohibit you or your affiliates to contact me via telephone at my place of employment or my home
telephone number. I also prohibit you from calling my references listed on my loan.

Due to the fact that Internet payday loans must be licensed in the state of ____ to be a legal and binding contract, your company should NOT issue loans to ____ residents at all. I am requesting that you send me your license number which enables you to offer loans to ____ residents.

The legal amount that could have been charged to my loan is the principal amount, even IF your Internet pay day loan were legal anywhere in the U.S.. I am willing to pay the principle amount of the loan only, however, this is only if you provide me with a physical address where I can send payments.

I must also inform you that I will be filing complaints with the Better Business Bureau, the Federal Trade Commission, and the ____ Attorney General's Office.

I expect a response from your company no later than 5 days from the above date regarding this matter. This response may only come via US Postal mail or email. No telephone contact is permitted.

Sincerely,

Your Name
CC:
Better Business Bureau
Ohio Attorney General
Federal Trade Commission[/quote]

Visit my blog-TAKE CONTROL!
CLICK HERE To join my Social group, The Payday-Loan-Free Advocates!
Online Complaints Ohio Attorney General
Online complaints: Federal Trade Commission.
Ohio Payday Loan Laws


Shazzers
Shazzers


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Credits: 158524.15 Send message to Shazzers

Sub: #9 Read the post above you, follow those steps and you should be alWed, 09/03/2008 - 05:09



Read the post above you, follow those steps and you should be alright. Don't pay Zip another dime, you do not owe them any more money, if anything, they owe YOU money. :)

Visit my blog-TAKE CONTROL!
CLICK HERE To join my Social group, The Payday-Loan-Free Advocates!
Online Complaints Ohio Attorney General
Online complaints: Federal Trade Commission.
Ohio Payday Loan Laws


stressed-d1
stressed-d1
Posts: 2
Credits: 88.35 Send message to stressed-d1

Sub: #10 So since these companies are illegal, how do i get out of them? Wed, 09/03/2008 - 05:05



So since these companies are illegal, how do i get out of them? I have paid 4 rollover fees on 3 of the loans which amounts out to be more than the principal amount borrowed. Are these loans considered to be paid in full then? Zip19 is the only one where I have to pay off the full amount every two weeks


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