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I'm trying to figure out if GetCash USA is legal in Ohio? They have a page of "licenses" on their website with many different state licenses, Ohio included, but don't they need to have a storefront in OH to be legal?

Ohio Payday Loan Laws - State Legal Status

Lending of payday loan is considered legal (-Low Cost) in the State of Ohio. Licensing Requirements: Online lenders must be licensed in Ohio.

Loan Specifications

Maximun Amount of Loan - $500

Term of Loan - 31 days

Maximum Rate of Finance and Fees- 28% per annum

Finance Charge on $100 loan for a 14 day period - $1.08

APR for $100 loan for a 14 day period - 28%

Debt Limits

Maximum Number of outstanding loans permitted at a time - 1, 4 per year

Permissible number of Rollovers - None

Cooling-off Period - Limit of 2 loans in 90 days

Repayment Plan - Yes, available. 60 days time period. No fees.

Limits of Collection

Collection Fees - a) Bank charges (if disclosed); b) Collection aharge of $20; c) Court costs arising after default; Damages

Criminal Action - Prohibited

File your Complaint and get Information

Regulator - Ohio Division of Financial Institutions

Address - 77 South High Street, 21st Floor Columbus OH 43215

Sub: #1 posted on Mon, 07/29/2013 - 05:51

HelpinAZ HelpinAZ
(Posts: 1873 | Credits: 288.12)

They are licensed lender. How much did you borrow from them? You are responsible to pay them both the principal and interest.

Sub: #2 posted on Mon, 07/29/2013 - 13:30


Borrowed $350, paid $420.36 so far.

Sub: #3 posted on Wed, 07/31/2013 - 01:31

lisoula lisoula

(Posts: 3 | Credits: 0.45)

They are legal in Ohio - licensed to do business, the best thing you can do is call them and see if they can offer you an extended payment plan.. You will not know what they can offer until you call them.

Sub: #4 posted on Wed, 07/31/2013 - 05:41

HelpinAZ HelpinAZ
(Posts: 1873 | Credits: 288.12)

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