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 Posted: Mon Jan 21, 2008 1:17 pm |
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i don't know where to look exactly, so I'm having a hard time finding out if these lenders are licensed in Illinois:
ameriloan
Payday2go
my cash now
cash direct express
little loan shoppe
Instant Cash 911
Zip 19
Discount Advances
Fast-cash-Personal-Loans (APPLE)
Loan Point USA
EZ payday cash
instant loans now
US fast cash
Platinum B Services (SJM Marketing)
Capital Funding Express
I know its ridiculous but for now I'm looking for help to get them to stop debiting my account
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gabmacmom
Joined: 15 Aug 2007
Posts: 9
Debtcc Points: 416
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| Posted: Mon Jan 21, 2008 3:49 pm |
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Please tell me that you did not get a payday loan from all of these people, please 
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"It only takes a second to do something that you will regret for the rest of your life."
All the Best,
Luke
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Lukeskywalker
Joined: 19 May 2007
Posts: 1907
Debtcc Points: 16266
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| Posted: Mon Jan 21, 2008 3:54 pm |
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What is that supposed to mean Luke? I have been watchin these boards for awhile and I hope someone doesnt tell me that when I post my information.
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Guest
Debtcc Points: 100
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| Posted: Mon Jan 21, 2008 4:02 pm |
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gabmacmom. I think if you go to your states dept of corporations or just google payday licenses in Illinois you may be able to pull up the website and see if they are licensed. Which of these if any are storefronts? The storefronts are usually licensed. Can you also post how much borrowed, how much paid so far? We are here to help you. Believe me, at one time I probably had loans out with about the same number of lenders as you do. S### happens and we get desperate to provide for our families. Do not feel bad, just let us know what you borrowed and how much you have paid so far and we can help you from there.
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stargzr
Joined: 26 Nov 2007
Posts: 270
Debtcc Points: 2690
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| Posted: Mon Jan 21, 2008 4:02 pm |
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and hang in there, there is a light at the end of the tunnel!
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stargzr
Joined: 26 Nov 2007
Posts: 270
Debtcc Points: 2690
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| Posted: Mon Jan 21, 2008 4:23 pm |
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You need to close your account. (As long as it doesn't violate your state laws)
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Guest
Debtcc Points: 100
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| Posted: Mon Jan 21, 2008 4:24 pm |
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WAIT..Do not close your account yet. Are all of these internet lenders?
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Allan Sillitoe, The Loneliness Of A Long-Distance Runner
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finsfan13
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Joined: 17 Feb 2006
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| Posted: Mon Jan 21, 2008 5:17 pm |
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Very thoughtful of you to say Guest, thank you. I have been here awhile too. Sometimes a post like the one I posted is called an "Ice Breaker" which is used in order to extract the infomation from someone that may or may not want to talk-post about it, thus, what I said was acceptable. Thank you,
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"It only takes a second to do something that you will regret for the rest of your life."
All the Best,
Luke
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Lukeskywalker
Joined: 19 May 2007
Posts: 1907
Debtcc Points: 16266
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| Posted: Mon Jan 21, 2008 5:33 pm |
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You can go to the IL Dept of Financial Institutions website at : http://www.idfpr.com/dfi/ccd/ccd_licensees.asp
There, you can search the list of licensess. Only problem when searching is that a lot of companies use DBAs. You may know them as their DBA; but they may have a license under their corporate entity. You can always call the state to find out.
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DebtCruncher
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| Posted: Mon Jan 21, 2008 6:30 pm |
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All I can say is that I did what I had to to survive at the time. Little did I know what a payday web I was led into; one led to another ande another because I could never pay it all. All of them are internet and they are for my husband and myself.
ameriloan($200) Bal $130 paid $445
Instantloansnow.com ($300) Bal $390 paid $450
MyCashNow.com ($250) Bal $249.10 paid $312.81
USFastCash.com ($250) Bal $65 paid $785
Landmark Express dba CapitalFundingExpress.com ($300)
Bal $390 paid $270
platinumbservices.com/SJM Marketing ($200) Bal $260
paid $180
InstantCash911.com ($400) Bal $455 paid $650
The others confuse me because the documents say one name and they're withdrawn from our account in another name. I haven't quite gotten those straightened out yet.
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Guest
Debtcc Points: 100
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| Posted: Mon Jan 21, 2008 6:55 pm |
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As I am sure you read Guest, some of the internet loans are illegal in the first place. You may have to pay only the origanal amount that you borrowed, and sometimes after a debt validation letter to the internet company , they refund the amount you paid and forget the rest. It has been done many times here, but you have a lot of work to do to get there. Others who are reading this may be able to guide you through the process. My demons where all store front and the worst one of those was check n go who I won wtih, thanks to this site. Good luck.
_________________
"It only takes a second to do something that you will regret for the rest of your life."
All the Best,
Luke
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Lukeskywalker
Joined: 19 May 2007
Posts: 1907
Debtcc Points: 16266
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| Posted: Mon Jan 21, 2008 7:41 pm |
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Thank you fins..excellent point! We want to not be too hasty when recommending an account closure until we know there are no storefront loans.
Gabmacmom...is that your post directly above here as the Guest?
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volleyballmom
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Posts: 4178
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| Posted: Mon Jan 21, 2008 7:49 pm |
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Exactly, Vol. It concerns me that sometimes that is the first advice given..A person could potentially get into trouble for that!!
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"It's a treat, being a long-distance runner...."
Allan Sillitoe, The Loneliness Of A Long-Distance Runner
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finsfan13
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| Posted: Mon Jan 21, 2008 7:49 pm |
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Here are your state PDl laws. Also, debtcruncher gives the link above to check them out individually. And yes, they tend to have dba's but just try putting in the name in as your remember it on any of your loan documents and see what happens.
| Quote: | Illinois State Information
Legal Status: Legal
Citation:
Ill. Comp. Stat. Ann. § 122/1-1
Loan Terms:
Maximum Loan Amount: lesser of $1000 or 25% gross monthly income
Loan Term: 13-45 days
Maximum Finance Rate and Fees: $15.50 per $100
Finance Charge for 14-day $100 loan: $15.50
apr for 14-day $100 loan: 403%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: Two
Rollovers Permitted: None (cannot rollover)
Cooling-off Period: 7 days after 45 consecutive loan days
Repayment Plan: Yes
Collection Limits:
Collection Fees: One $25 NSF fee (Presentment limit = 2)
Criminal Action: Prohibited
Where to Complain, Get Information:
Regulator: Illinois Division of Financial Institutions
Address: Consumer Credit Section, 320 W. Washington Springfield IL 62701
Phone: (888) 298-8089
Fax:
Regulatory Contact: Phil Sanson,, Acting Consumer Credit Assistant Supervisor
http://www.idfpr.com/dfi/default2.asp |
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volleyballmom
Debt Samaritan
Joined: 27 Aug 2007
Posts: 4178
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| Posted: Mon Jan 21, 2008 8:55 pm |
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Hi Guest. The people above have some great advice and info. I understand, we all got sucked into the web of pdl. It looks like you may have overpaid some of these. If you come back we can help you. Read the info on closing your account and if it is the right thing to do then close it or at least put a block on it. These pdl companies have gotten enough of your hard earned money. Many are illegal and as stated above by luke you may be able to get a refund if you have the stomach to fight them. Hang in there and ask questions if you need to we are here to help you not judge you:-)
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stargzr
Joined: 26 Nov 2007
Posts: 270
Debtcc Points: 2690
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| Posted: Mon Jan 21, 2008 9:30 pm |
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discount advances- debits as credit protection if that helps you any.
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tiffy19_2006
Joined: 18 Jan 2008
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