| Message
| Author
|
 Posted: Wed May 14, 2008 7:40 am Post subject: UCL |
|
|
| Were can I find the C&D letter and what web site can I go under for TN laws? |
|
TaraStehle
Guest
Debtcc Points: 100
|
 |
| Posted: Wed May 14, 2008 7:43 am Post subject: |
|
|
Tennessee State Information
Legal Status: Legal
Citation:
Tenn. Code Ann. §45-17-101 et seq.
Loan Terms:
Maximum Loan Amount: $500
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: the lesser of 15% of the check or $30
Finance Charge for 14-day $100 loan: $17.65
apr for 14-day $100 loan: 459%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: 3 (2 per licensee)
Rollovers Permitted: None (cannot renew or otherwise consolidate)
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: One $30 NSF Fee; Court Costs
Criminal Action: Prohibited
Where to Complain, Get Information:
Regulator: Tennessee Department of Financial Institutions
Address: 511 Union Street, Suite 400 Nashville TN 37219
Phone: (615) 741-2236
Fax: (615) 532-1018
Regulatory Contact: Bart Daughdrill,
Regulator Website
Licensee Database
Complaint Instructions |
|
kashzan
Debt Samaritan
Joined: 11 Jul 2007
Posts: 5461
Debtcc Points: 38903
|
|
| Posted: Wed May 14, 2008 8:31 am Post subject: UCL |
|
|
| Thank You. Were can I go to get the C& D letter. SO is this company legal in TN? |
|
TaraStehle
Guest
Debtcc Points: 100
|
|
| Posted: Wed May 14, 2008 11:15 am Post subject: UCL |
|
|
| So, is United Cash Loans legal in TN? |
|
TaraStehle
Guest
Debtcc Points: 100
|
|
| Posted: Sun Jun 01, 2008 10:08 am Post subject: United Cash Loans information |
|
|
| I am from South Carolina and the United Cash Loans have been taking $90.00 a month from my check each pay period. I have paid them over twice the amount of the loan. I do not know if they are liscensed in South Carolina. How can I find this information out and will I have to pay anymore towards the Loan? |
|
Tyrone Suber
Guest
Debtcc Points: 100
|
|
| Posted: Sun Jun 01, 2008 10:32 am Post subject: reply |
|
|
| united cash loans is part of MTE.they will not be legal anywhere.if you paid the principal in supposed interest then you are done you owe them nothing more.if you overpaid the principal then you can demand a refund.can't guarantee you will get one,but you shouldn't pay them another dime.they will fight you on that.don't listen,they are unlicensed therefore illegal.they are not licensed at all,they are illegal in every state. |
|
paulmergel
Moderator
Joined: 24 Jun 2007
Posts: 3581
Debtcc Points: 12707
|
|
| Posted: Fri Jul 18, 2008 12:24 pm Post subject: United Cash Loans Information |
|
|
| Where can I find the Pennsylvania State Information listing so I can send UCL a certified letter with the documentation? |
| | |
Catizhere
Guest
Debtcc Points: 100
|
|
| Posted: Sat Jul 19, 2008 3:04 am Post subject: |
|
|
PDL laws in Pennsylvania are:-
| Quote: | Pennsylvania State Information
Legal Status: Prohibited
Citation:
Check cashers are specifically prohibited from making payday loans under Check Cashing Licensing Act of 1998, § 505(a). Otherwise, consumer discount company act applies. 7 Pa. Cons. Stat. Ann. § 6201 et seq.
Small Loan Rate Cap
$9.50 per $100 per year discount or 24% per year
Where to Complain, Get Information:
Regulator: Pennsylvania Department of Banking
Address: Market Square Plaza, 17 N. Second Street Harrisburg PA 17101
Phone: (717) 214-8343
Fax: (717) 787-8773
Regulatory Contact: Jim Keiser Administrator of Non-Depository Institutions |
|
|
phoenix
Joined: 14 May 2008
Posts: 924
Debtcc Points: 5968
|
|
| Posted: Sat Sep 27, 2008 8:12 pm Post subject: United cash loans |
|
|
| I live in TN. I had a loan with them $200 it has been paid back and they are still taking money out to be exact $350 so far I am not happy who can I contact because in two weeks they will be taken out more money PLEASE HELP |
|
Heather Stanton
Guest
Debtcc Points: 100
|
|
| Posted: Sun Sep 28, 2008 7:58 pm Post subject: |
|
|
Hi Hether,
Let me tell you that every state has it's own set of payday loan laws.
Tennessee is such a state where it is not mandatory for the internet pdl to be essentially licensed in the state where the customer resides. Here is the basic law: - | Quote: | The following state allow an internet based payday loan company to lend legally as long as it is licensed in any US State. They would need to follow the laws of the state they are licensed out of, not the state the consumer is in.
Arkansas
Minnesota
Pennsylvania
Rhode island
Tennessee
Wisconsin |
Now let us come to the basic loan terms permitted in your state: -
| Quote: | Loan Terms:
Maximum Loan Amount: $500
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: the lesser of 15% of the check or $30
Finance Charge for 14-day $100 loan: $17.65
apr for 14-day $100 loan: 459% |
. Please check whether united cash loans has abide all the above mentioned loan terms while giving you the pdl.
Now, the question regarding Debt limits come to the fore. What does Tennessee's payday loan laws say? It says that | Quote: | Debt Limits:
Maximum Number of Outstanding Loans at One Time: 3 (2 per licensee)
Rollovers Permitted: None (cannot renew or otherwise consolidate) |
If the concerned pdl company has violated any of the above mentioned pdl laws then you can complain to: -
| Quote: | Where to Complain, Get Information:
Regulator: Tennessee Department of Financial Institutions
Address: 511 Union Street, Suite 400 Nashville TN 37219
Phone: (615) 741-2236
Fax: (615) 532-1018
Regulatory Contact: Bart Daughdrill |
|
|
phoenix
Joined: 14 May 2008
Posts: 924
Debtcc Points: 5968
|
|
| Posted: Wed Oct 01, 2008 10:50 pm Post subject: |
|
|
| I feel really stupid to not have not done a background check on UCL. I just took out a 200.00 loan from them today. I have not received it yet and I called them today but they were closed. I no longer want the loan after the things that I have heard. Is there anyway to put a stop to my bank receiving the money? |
|
debussy
Guest
Debtcc Points: 100
|
|
| Posted: Sun Oct 12, 2008 12:37 pm Post subject: United Cash Loans |
|
|
| IN May 2008 I took a loan for 150$ from UCL.I paid it back in full w/fees. Subsequently in 8/08 UCL tried to debit my account for $600 and I had to fill out fraud papers with the bank. They said my stop payment with UCL would be good for 6 mos. Unfortunately UCL has tried 2 more times to take money out of my acct and have recently succeeded again.My bank(US Bank) is now telling me that there is nothing they can do to help. Can't they offer to close my acct or something and I can open another one? Why are they not responsible if I have a stop payment which was issued by the bank in 8/08 supposedly good for 6 mos against UCL? Please help. I am going to try to at least close my account with them. Maybe this is my only alternative since I can't get any cooperation from US BANK on this. |
|
skybaby007
Guest
Debtcc Points: 100
|
|
| Posted: Sun Oct 12, 2008 12:42 pm Post subject: |
|
|
I would raise all kinds of hell. Walk into the branch and ask to see the manager. Do not take no for an answer. Be very loud and insistent. Make sure that it is at a busy time of day. Take all documentation with you. Also, find out the name of the President and CEO, CFO of US Bank before you go and make sure you start dropping names. You will definately get their attention and if you're a big enough PITA, you should be able to get this issue resolved. Follow up with e-mails to the President, CEO, CFO, etc.
_________________
Texas Residents
All CA's are required to post a bond with the SOS
http://direct.sos.state.tx.us/debtcollectors/DCSearch.asp
When requesting Validation, reference the FDCPA as well as Chpter 392 of the TFC:
http://tlo2.tlc.state.tx.us/statutes/docs/FI/content/htm/fi.005.00.000 392.00.htm |
|
NASCAR_Devil
Moderator
Joined: 20 Jun 2008
Posts: 2073
Debtcc Points: 10176
|
|
| Posted: Sun Oct 12, 2008 1:58 pm Post subject: |
|
|
| I was able to get in touch with someone at US Bank today and she told me that the reason this $600 debit was taken out of my account and not stopped was because my stop payment was for EFT only. This time the sneaky thieves at UCL submitted a check and it went through. Get this is it says specifically on the check that this is authorized by me in the event that an EFT is not processable. These guys are real good! I am going to go down to the bank in person tomorrow and close the account. This seems to be the only way out from these crooks! I can't beleive that a stop payment has such boundaries as EFT or checks. It's from the same enity though. Both say UNited Cash loans on them. This has been a very expensive lesson for me. I hope that no one else does any business with UCL. I have tried to contact them and of course they are closed everytime I call. What a scam. I feel like such a fool! |
| | |
skybaby007
Guest
Debtcc Points: 100
|
|
| Posted: Thu Oct 16, 2008 9:30 pm Post subject: united cash loans |
|
|
| i borrowed 300. now i got a call from my sister saying jimmy carter at 646-213-1090 called and threatened saying i oew them 725.00 and they were gonna sue i put my sister down as a reference when i called the # he said i owed 725. but i borrowed 300 and he said i borrowed 280. i borrowed in may and he said april. help me i'am scared |
|
johnny
Guest
Debtcc Points: 100
|
|
| Posted: Thu Oct 16, 2008 9:30 pm Post subject: united cash loans |
|
|
| i borrowed 300. now i got a call from my sister saying jimmy carter at 646-213-1090 called and threatened saying i oew them 725.00 and they were gonna sue i put my sister down as a reference when i called the # he said i owed 725. but i borrowed 300 and he said i borrowed 280. i borrowed in may and he said april. help me i'am scared |
|
johnny
Guest
Debtcc Points: 100
|
|
Previous 1 2 3 4 5 6 7 8 9 Next 
