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Posted: Wed Jul 30, 2008 2:56 pm Subject: 500 Fast Cash |
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Is 500 Fast Cash legal in Iowa
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scotty
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Posted: Wed Jul 30, 2008 2:59 pm Subject: reply |
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500 fastcash wouldn't be legal anywhere.they are unlicensed
therefore illegal.
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paulmergel
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Posted: Wed Jul 30, 2008 3:15 pm Subject: |
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paul is correct. . . 500 FastCash means MNE which equals illegal.
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Posted: Thu Jul 31, 2008 7:07 am Subject: 500 Fast Cash |
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they are saying they are legal and trying to get me to pay double with finance charges, I borrowed $300 and paid $180 to them. How do I prove to them that they are illegal and get them out of my hair. I offered a $220 settlement and they wouldn't do it. Please help, I'm desperate
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Posted: Thu Jul 31, 2008 7:13 am Subject: Geneva Roth in Iowa |
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Is Geneva Roth legal in Iowa also if not how do I prove it?
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scotty
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Posted: Thu Jul 31, 2008 7:18 am Subject: |
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You borrowed $300, paid back $180, you "morally" owe them $120. Don't offer them a penny over that. Send them an email, telling them that they are unlicensed, illegal and they can take your $120 or leave it. Are they still debiting your account? Have you asked them to stop? If you have taken any additional steps now might be the time to do so.
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llw1995


Joined: 02 Feb 2008
Posts: 1428
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Posted: Thu Jul 31, 2008 7:37 am Subject: |
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Scotty, Paul is correct, they are not licensed to lend anywhere. You don't have to prove anything to them, they have to prove it to you, ask them to send you their license number and where they are licensed. Give THEM the burden of proof. Here is an address for them I found while browsing the forum, I am not sure how accurate it is. Also, I will post your state laws.
500FastCash
515 G SE
Miami OK 74354-8224
or
PO Box 111
3531 P Street NM
Miami OK 74355
| Quote: | Iowa State Information
Legal Status: Legal
Citation:
Iowa Code Ann. ยง 533D.1 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
Regulator Website
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Shazzers
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Posted: Thu Jul 31, 2008 7:41 am Subject: |
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my account is closed, i am emailing a c&d today with the request for proof of licencing in Iowa
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scotty
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Posted: Thu Jul 31, 2008 7:45 am Subject: |
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I closed my account and am emailing a c&d to stop the calls, do I need to contact the division of banking on these guys
thanks for all the help
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scotty
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Posted: Thu Jul 31, 2008 7:46 am Subject: reply |
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good job thus far scotty,now they will lie and do everything but
provide proof or license to try to get more money out of you.
we are here for ya,keep us posted.
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paulmergel
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Posted: Thu Jul 31, 2008 8:22 am Subject: |
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I see that you are now sending your C and D letter and closed your account. That is a good thing. You will hear from them now.
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llw1995


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Posted: Thu Jul 31, 2008 8:59 am Subject: |
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thank you, do you know if geneva roth is legal in Iowa also
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scotty
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