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Are the following Internet PDLs legal in Ohio?

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Hi,

Can someone please let me know if the following internet payday loans are legal in Ohio?

500 Fast Cash
ameriloan
Upfront Cash
Loan Point USA
Arrowhead
VC Funding
Upfront Payday

If they are not licensed, has anyone had experience with them in Ohio? I intend to file a complaint with the Ohio AG, the BBB, and the FTC if they are operating illegally, but I want to know how they respond to revocations and c&d requests.

I also need physical addresses for each. I intend to email, fax, and send certified letters.

I would appreciate some help. Please...




ameriloan, and I believe 500 Fast Cash is not licensed anywhere. If these are all Internet lenders, they must be licensed on Ohio to lend to Ohio residents. You can check the licensee data base at the link below. :)
http://el icense2-lookup.com.ohio.gov/SearchCriteria.asp

Sub: #1 posted on Wed, 07/09/2008 - 01:59

Shazzers Shazzers
Moderators Cum Industry Expert
(Posts: 17342 | Credits: 1592.85)

A good way to locate addresses for these companies is to type in the name in the search box in the upper right hand corner of this forum, I usually type > ameriloan address, etc. :)

Sub: #2 posted on Wed, 07/09/2008 - 02:02

Shazzers Shazzers
Moderators Cum Industry Expert
(Posts: 17342 | Credits: 1592.85)

Hi Shazzers,

I am new here. I have checked the data base and could not find ANY of them. Loan Point USA also goes by Geneva Roth Capital.

I currently have loans with them all:

ameriloan $300 loan (paid 270 in refinance fees)
500 Fast Cash $300 loan (paid 270 in refinance fees)
VC Funding $300 loan (paid 180 in refinance fees)
Arrowhead $300 loan (paid 180 in refinance fees)
Loan Point USA $400 loan (paid 360 in refinance fees)
Upfront Cash $400 loan (paid 240 in refinance fees)
Upfront Payday $400 loan (paid 240 in refinance fees)

Refinancing, I know, is illegal in Ohio. Also, fees in Ohio must be $15 for every $100. I intend to repay principal, but if they are not licensed in Ohio - again NONE are listed on the Ohio data base - am I legally required to pay them anything OTHER than principal? And legally, can I count the "refinancing fees" as payment toward the principal? I will file complaints with the AG, the BBB, and the FTC. Wil the companies take me seriously if I do? I need guidance, because I need to get out of this mess. I got into trouble with storefronts in Ohio a while back, and should have learned my lesson, but unexpected bills this summer got me back into this mess. I am so angry at myself, but at the time, it seemed I really had no other choice. Before this gets worse - right now my monthly budget is manageable if I can get out of this mess and count the "refinance fees" as payment toward principal - I need some help.

Please...

Sub: #3 posted on Wed, 07/09/2008 - 02:43

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