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 Posted: Mon Sep 24, 2007 11:23 am |
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hi all
I'm new to this form.
1.what is AG
2.I live Iowa.
3. I have out 6 int. loans
and 5 store loans
4. I need help in what to do to get out of this. It is killing my pay check every other week. I am in Iowa. what do u guys subjust i do?
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mrrlr98.
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| Posted: Mon Sep 24, 2007 11:29 am |
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Mrrl, Ag is attorney general. Welcome. If you would please list the names of the companies, storefront or internet and the ammount borrowed and total ammount paid to each pdl. This information will assit us with helping you.
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RoxyNY
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| Posted: Mon Sep 24, 2007 11:33 am |
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Welcome to the forum mrrl. We're glad that you've joined us. Please provide the info Roxy has asked for & someone will be able to help you.
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lmk3524
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| Posted: Mon Sep 24, 2007 11:38 am |
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mrr, I'm posting your state law so we can all see it. When you list out your pdl's, please designate which ones are store front and which ones are internet. Store fronts are handled differently than internet. For each one, put the amount borrowed (principle only) and the amount paid back (total - don't break it down - just the total paid to date). On your storefronts, just put how much the check is for and exactly how you pay it back. Like do you go in and pay the full amount and re-write a new check? Or do you just pay a "finance fee" and they extend the check. As soon as we get more information from you, we can help you out! 
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cannr
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| Posted: Mon Sep 24, 2007 11:39 am |
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| Quote: | Iowa State Information
Legal Status: Legal
Citation:
2 Iowa Code Ann. ยง 533D et seq.
Loan Terms:
Maximum Loan Amount: $500
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: $15: $0-$100; $10 per $100 thereafter
Finance Charge for 14-day $100 loan: $16.67
APR for 14-day $100 loan: 433%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: Two
Rollovers Permitted: None (cannot repay, refinance or consolidate)
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: One $15 NSF fee (exclusive remedy)
Criminal Action: Not Specified
Where to Complain, Get Information:
Regulator: Iowa Division of Banking
Address: 200 East Grand Avenue, Suite 300 Des Moines IA 50309
Phone: (515) 281-4014
Fax: (515) 281-4862
Regulatory Contact: Rodney Reed,, Finance Bureau Chief
http://www.idob.state.ia.us/
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cannr
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| Posted: Mon Sep 24, 2007 12:00 pm |
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TG INV 390 TOTAL PD IS 650
ZIP CASH 550 TOTAL PD 710
ameriloan 550 total pd 495
2 power loans 390 pd out 540
cmg group Lic 390 pd out 400
arrowhead invest 390 pd out 600 to 800
sjm market 390 pd 735
all just in fees
stores
advance america 445 to be pay 500
checkngo same
check n2 cash same
chec king same
ace same
ezmoney same
i need the money and now its caught up to me per my paycheck
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mrrlr98
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| Posted: Mon Sep 24, 2007 12:08 pm |
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I must get ready work, will check form later tonight. thank all for the info.
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mrrlr98
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| Posted: Mon Sep 24, 2007 12:27 pm |
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I'm looking at this quickly, but just want to say that you're dealing with some illegal internet pdl's. And you've overpaid them. Your storefronts are going to be a different story, as they are licensed/legal. You've got a lot out there for $500 each. Let me look at some of your internets again. Hang on.... I don't understand the name of the first internet pdl. Is that the full name???
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cannr
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| Posted: Mon Sep 24, 2007 12:30 pm |
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I tried to figure out the first one also. Couldn't do it.Maybe you will have better luck than I did.
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kashzan
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| Posted: Mon Sep 24, 2007 12:31 pm |
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It's probably just one we haven't heard of. They pop up every day . . . .
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goudah2424
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| Posted: Wed Sep 26, 2007 4:29 am |
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loan point usa
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robt
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| Posted: Wed Sep 26, 2007 4:48 am |
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Hang on. I'm going to see what information on can find on each of your internets. Thanks for letting us know the name of the "mysterious" one. Hang on for just a minute.
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cannr
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| Posted: Wed Sep 26, 2007 5:03 am |
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i'm plan on closing my check acct today
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| Posted: Wed Sep 26, 2007 5:05 am |
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i'm plan on closing my check acct today. also should i send out letter to each one. If so do any one have a copy or an sample letter.
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| Posted: Wed Sep 26, 2007 5:20 am |
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I really like to thank you all for what ever help you can give me on this topic.
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mrrlr98
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| Posted: Wed Sep 26, 2007 7:34 am |
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mrrl i'm sending you a PM with a letter that cannr gave to me. It's awesome!!! It covers every & any angle possible. Let me know if you have any problems getting it! Thanks Lisa
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lmk3524
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