Navigation
  #1  
Old 07-30-2008, 02:56 PM
Anonymous
Guest
 
Posts: n/a
Credits: 0 [Check]
Default 500 Fast Cash

Is 500 Fast Cash legal in Iowa
Reply With Quote Quick reply to this message
  #2  
Old 07-30-2008, 02:59 PM
paulmergel's Avatar
paulmergel paulmergel is offline
Moderator
 
Join Date: Jun 2007
Location: illinois
Posts: 8,057
Credits: 35,879
Default reply

500 fastcash wouldn't be legal anywhere.they are unlicensed
therefore illegal.
Reply With Quote Quick reply to this message
  #3  
Old 07-30-2008, 03:15 PM
Anonymous
Guest
 
Posts: n/a
Credits: 0 [Check]
Default

paul is correct. . . 500 FastCash means MNE which equals illegal.
Reply With Quote Quick reply to this message
  #4  
Old 07-31-2008, 07:07 AM
Anonymous
Guest
 
Posts: n/a
Credits: 0 [Check]
Default 500 Fast Cash

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
Reply With Quote Quick reply to this message
  #5  
Old 07-31-2008, 07:13 AM
Anonymous
Guest
 
Posts: n/a
Credits: 0 [Check]
Default Geneva Roth in Iowa

Is Geneva Roth legal in Iowa also if not how do I prove it?
Reply With Quote Quick reply to this message
  #6  
Old 07-31-2008, 07:18 AM
llw1995 llw1995 is offline
Senior Member
 
Join Date: Feb 2008
Posts: 1,428
Credits: 13,824
Default

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.
Reply With Quote Quick reply to this message
  #7  
Old 07-31-2008, 07:37 AM
Shazzers's Avatar
Shazzers Shazzers is online now
Moderator
 
Join Date: Dec 2007
Location: Idaho
Posts: 9,141
Credits: 63,631
Default

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. § 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


Reply With Quote Quick reply to this message
  #8  
Old 07-31-2008, 07:41 AM
Anonymous
Guest
 
Posts: n/a
Credits: 0 [Check]
Default

my account is closed, i am emailing a c&d today with the request for proof of licencing in Iowa
Reply With Quote Quick reply to this message
  #9  
Old 07-31-2008, 07:45 AM
Anonymous
Guest
 
Posts: n/a
Credits: 0 [Check]
Default

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
Reply With Quote Quick reply to this message
  #10  
Old 07-31-2008, 07:46 AM
paulmergel's Avatar
paulmergel paulmergel is offline
Moderator
 
Join Date: Jun 2007
Location: illinois
Posts: 8,057
Credits: 35,879
Default reply

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. 8)
Reply With Quote Quick reply to this message
  #11  
Old 07-31-2008, 08:22 AM
llw1995 llw1995 is offline
Senior Member
 
Join Date: Feb 2008
Posts: 1,428
Credits: 13,824
Default

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.
Reply With Quote Quick reply to this message
  #12  
Old 07-31-2008, 08:59 AM
Anonymous
Guest
 
Posts: n/a
Credits: 0 [Check]
Default

thank you, do you know if geneva roth is legal in Iowa also
Reply With Quote Quick reply to this message
Reply

Quick Reply
Name:
Message:
Remove Text Formatting
Bold
Italic
Underline

Insert Image
Wrap [QUOTE] tags around selected text
 
Decrease Size
Increase Size
Options

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -8. The time now is 02:13 AM.




About Us | Contact Us | Affiliate | Sitemap | Espanol | RSS Feeds| Terms of Services Navigation