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 Posted: Mon Jan 14, 2008 12:39 pm Subject: Are they liscensed In Alabama
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cashsupply
loanshop/whistle
upfrontmoney
oneclickcash
paychecktoday
cashnetusa
churchill(I don't even know who they are)
loanpointusa
thanks for the help
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need2bdebtfree
Joined: 12 Jan 2008
Posts: 38
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Posted: Mon Jan 14, 2008 12:59 pm Subject:
Latest Blog Post : http://frogpatch.yesdebtfree.org |
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Cashnet USA is the only one I recognize as being licensed where they loan.
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frogpatch
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Posted: Wed Jan 16, 2008 11:55 am Subject:
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I found this link on the State of Alabama Banking Department. If allows you to type in the name of the lender to see if they are liscensed in Alabama. So far, none of the PDL's I owe are coming up, I typed in the name of the storefront company here and they were on here.
http://www.bank.state.al.us/ADPSA_Licenses2.asp?VTI-GROUP=0&search=
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need2bdebtfree
Joined: 12 Jan 2008
Posts: 38
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Posted: Wed Jan 16, 2008 4:21 pm Subject:
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Which one of these that you listed is a storefront?? CashnetUSA, is licensed, but I believe listed as "cashUSAnet"..but they are legit.
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volleyballmom
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Joined: 27 Aug 2007
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Posted: Wed Jan 16, 2008 10:08 pm Subject:
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i didn't list my storefront account on this forum. but I did type in cashnetusa, cashnet usa, cash net usa and neither name came up. but they are working with me to settle the account.
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need2bdebtfree
Joined: 12 Jan 2008
Posts: 38
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Posted: Fri Jan 18, 2008 6:14 pm Subject:
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I finally spoke with a rep from the State of Alabama Banking department. She did confirm that cashnetusa is legal, but they have been bought by someone else.
As far as the othet companies, to the best of her knowledge, they aren't liscensed.
She told me to email them stating that the State Banking Department confirmed that they are not liscensed and they can't do business within Alabama. Therefore, I am not obligated to payback the loan under the laws of Alabama Banking Department.
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need2bdebtfree
Joined: 12 Jan 2008
Posts: 38
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Posted: Fri Jan 18, 2008 6:21 pm Subject: r
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grand, great news for you! I did the same thing. I contacted my state agency and they were like "Ummm....illegal." So, I did send the letters to the pdls and they argued my head off and fought and fought. They will continue to deny that they have to follow your state laws, blah, blah. You have your state on your side. Please be sure to file complaints with your state AG against these pdls. And let the pdls know that you are filing complaints.
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cannr
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Posted: Fri Jan 18, 2008 8:06 pm Subject:
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I will, the lady I spoke with at the Department of Banking said that they are trying to track all the PDL companies down that are illegal, but there are so many. They don't register with the states because they have a fee to pay and rules to follow, these rules don't allow them to charge all these extra fees and keep debiting their clients accounts.
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need2bdebtfree
Joined: 12 Jan 2008
Posts: 38
Debtcc Points: 1053
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