Payday Loan Licensing Contact Information by State

I've tried to set up payments, but the payments they wanted me to pay are entirely too high. They are threatening to send it to a collection agency or send me to court are they able to do this? If they send me to court what could happen?

kimbum:

Cashnet can send your account to collections (likely) and depending on the total balance, they could take it to court. Are the payments they request so high that there is nowhere to cut your budget temporarily while you pay them off? You might consider a part time job for extra money or cut back on cable and cell phone (if you have those things, it can save you a lot of money), or you could take a chance and send them a payment you feel you can afford, they are under no obligation to accept your payment though.

My Loan is with Loan Smart LLC.

Can you tell me if PayDay Avenue is licensed in MA or if they follow the same criteria as above? I cannot figure out the state where they are from and MA has tight laws on the PDL.

MA prohibits payday loans. So, PayDay Avenue shouldn't be listed in your state. Visit http://www.mass.gov/ for more information on how to deal with such lenders not licensed in your state.

Anything on South Dakota?

You've addressed Cashnet, what about Cashcall. Payday loans are prohibited in PA by the way. Our local Cash America can no longer admistered loans or charge interest or fees on the money they've lent already.

Areall PDL or PDA companies illegal in Vermont?

Does anyone know if M1Y Direct, VIP Cash or JHS Marketing are licensed in the state of Alabama?

I have a novel idea: How about not taking out a loan unless you understand what the terms are, and are commited to paying it back? The PDL company was there when you had an emergency and needed money, you should be grateful enough to pay them back, even if the payments are painful. And, don't tell me that they changed the terms after you took the loan--I've used PDL lenders numerous times, and they've never failed to live up to the terms.