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Posted: Wed May 14, 2008 12:48 pm Subject:

did it pass shazzers????? "crossing fingers"

LaLa · Posted: Wed May 14, 2008 12:52 pm Subject:

Any idea what to expect regarding the 4 Ohio storefront loans I have? Will they allow me to make payments or will they just lock their doors and start depositing my checks?

Check into cash
Advance America
American Payroll Advance
Cashland

Posted: Wed May 14, 2008 12:54 pm Subject:

i tried to google that info LaLa...i couldnt come up with anything. i will keep lookin though.

Guest · Posted: Wed May 14, 2008 12:59 pm Subject:

Thanks Toledo Guy.

I called a couple of them up (did not identify myself) here is the scoop they gave me:

I talked to cashland and they say they will continue to loan for a couple more months. They are looking into "Broker Loans" and some other type of income based loan product. They may start up a pawn shop also.

I called Check into cash (they will not loan to new customers). They were wishy washy about loaning to existing customers.

Posted: Wed May 14, 2008 12:59 pm Subject:

It passed, I posted the article in the payday loan news forum. La la, I am sure there will be some type of time frame before this law goes into effect.

Posted: Wed May 14, 2008 1:00 pm Subject:

That is what I am trying to find out as well. I have them with:

Express Payroll Advance (Checksmart owned)
Cashland
National Check Cashers

hankjr5 · Posted: Wed May 14, 2008 3:36 pm Subject: pdl

i dont use them but whats next take our guns away

Posted: Wed May 14, 2008 3:54 pm Subject:

YESSSS it passed!!!! Shazzers I have a question. I read the article and it said it will ban internet payday loans. I thought they were already illegal. I wonder if this will help with the cases that I have now. I still have nothing from the AG office and it has been three weeks. I contacted my rep and she said no news yet.

Guest....personally I would not mine the guns going away too. That is just my opinion.

Posted: Wed May 14, 2008 3:54 pm Subject:

This is great news! Shazz. . . has the party started yet?

Posted: Wed May 14, 2008 7:12 pm Subject:

Shazz, in the article, at the very end it says "Strickland has said he supports the bill, which must still get final House concurrence. What does final "House concurrence" mean?

Posted: Mon May 19, 2008 4:33 pm Subject:

I haven't seen anymore pdl or heard any more pdl commercial for awhile now in Ohio anyone else seen any lately? I do now see ads for cash call. It cracks me up at the end it says make sure that you have the money to pay this back.

Posted: Mon May 19, 2008 5:13 pm Subject:

Imale

Posted: Mon May 19, 2008 5:25 pm Subject:

shazzers...I think I am confused. Are you saying you think that internet pdls were legal in ohio? From what I understood they were illegal. Maybe I am not understanding what you are saying.

Posted: Mon May 19, 2008 5:33 pm Subject:

Imale, Internet pdl's are/were legal in Ohio as long as they were licensed and followed the laws of the state of Ohio, ei., the interest rates/fees.

Posted: Mon May 19, 2008 5:37 pm Subject:

Now I am totally confused. I have been told this whole time they were illegal in Ohio. I don't ever remember seeing that they had to be licensed in Ohio to be legal. I have checked my other posts and I have been told they were illegal. As far as I know though none of the internets pdls are licensed here but like I said I thought it did not matter. Is this a standard that they have to be licensed in the the state you live in?

Posted: Mon May 19, 2008 5:46 pm Subject:

As far as I know, they don't have to be licensed IN Ohio, just licensed, but they MUST follow the laws of Ohio, ei., interest rate/fees, etc.

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