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paydayloans ftr processing, tjf corp, sjm marketing

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i want to know if any of theses are license and legal in ohio tjf corp, sjm marketing,ftr processing, bahama marketing group , one click cash, and united cash loans also what happens if i dont have money to pay will i go to jail i read the laws in ohio but dont quite understand could someone please explain it to me im scared that i will go down for not paying cause i dont have money




Shani, just looking at those names I am going to go out on a limb and say, you will not go to jail. They are the ones operating illegally, not you. That being said...

Here are the laws in Ohio..

Quote:
Ohio State Information

Legal Status: Legal (Applies to check cashers only)

Citation:
Ohio Rev. Code Ann. ???????? 1315.35 et seq.

Loan Terms:
Maximum Loan Amount: $800
Loan Term: Max: 6 months
Maximum Finance Rate and Fees: $10/$100 + 5% per month
Finance Charge for 14-day $100 loan: $15
apr for 14-day $100 loan: 390%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot refinance)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: Bank charges (if disclosed); $20 collection charge; Court Costs; damages
Criminal Action: Not Specified

Where to Complain, Get Information:
Regulator: Ohio Division of Financial Institutions
Address: 77 South High Street, 21st Floor Columbus OH 43215
Phone: (614) 728-8400
Fax:
Regulatory Contact: Robert M. Grieser,, Deputy Superintendent for Consumer Finance
Regulator Website


these companies would have to be licensed in Ohio to lend in Ohio... I am pretty sure none of them are licensed in Ohio..

Here is another thread about Ohio for you to look at. Shazzers gives some great advice on what to do next.

http://www.debtconsolidationcare.com/paydayloan/astrolend ing-impactcash.html

Sub: #1 posted on Thu, 08/07/2008 - 05:08

RoxyNY RoxyNY
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