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I am trying to figure out if these payday loan lenders are legal in the state of SD. These are the four lenders I have pdl's out with:

Advance Me Today-500
Plain Green Loans-700
Cash Jar- 575
Speedy Cash-500

I am pretty sure that Speedy Cash is legal but I am not sure on the other three. I know that the laws in SD state that pdl's are supposed to be a max of $500. I have closed my checking account and got a new acct number and I also have stop payments on all these lenders. Wondering where to go from here and most concerned that they are going to start contacting me at work. Any info on sending a C&D (e-mail versus fax) or how to deal with these lenders would be much appreciated.




For starters you cannot cease and desist a first party. FDCPA and cease and desists only apply to collection agencies. Advance me and Cash Jar are both offshore and illegal. Plain Green is tribal and illegal. You could have done a search of this forum to find that information

Follow the link in my signature line for information on how to deal with illegal lenders.


Sub: #1 posted on Sun, 08/11/2013 - 19:29

SOAPLADY SOAPLADY
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(Posts: 17209 | Credits: 4746.15)

All the above mentioned lenders are illegal except Speedy Cash. You have done the right thing by closing down your old bank account. You owe them nothing more than the principal balance. Don’t worry mate...they can’t do anything. If required, send them a Cease and Desist letter in writing via certified mail with a return receipt request. After that if they are still trying to contact you, file a complaint against them to the SAG or FTC.


Sub: #2 posted on Wed, 08/14/2013 - 11:46

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