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privatepath11 · Posted: Sun Aug 10, 2008 1:23 pm Subject: Online Payday Loans

I recently closed my bank account due to losing a purse and to try to get away from PDLs which I am overloaded with.. With the fees and the pay downs - I could not make the payments. I am curious what companies are legally licensed in the state of fl. I have loans with:

ameriloan - 200.00 borrowed - 240.00 paid back in fees
Zip Cash - 300.00 borrowed - 270.00 paid back in fees
MyCashNow - 340.00 borrowed - 316.55paid back in fees
ThinkCashNow - 750.00 borrowed - 77.09 int/8.14prin

As far as I have found out, it is only legal to have one payday loan in the state of fl. What can I expect?

Posted: Sun Aug 10, 2008 2:32 pm Subject: reply

well first off welcome.second i suspect none of these will be licensed.i have dealt with ameriloan and they are a handful.you by all accounts are done with them.the others if they are not licensed you are only responsible for the principle
borrowed.that means all supposed fees go toward the principle.
these companies will try to convince you they are legal,and whatever terms they have in there contract you must abide by or there state laws prevail.that is not the case.again welcome and post any other questions,we are here for you.

privatepath11 · Posted: Mon Aug 11, 2008 4:19 am Subject: pdls

how do i find out who is legal? can they gain access to my new bank account?

Posted: Mon Aug 11, 2008 4:27 am Subject:

Here are the FL pdl laws. There are some companies acting as CSO's in the state of FL, and these pdl laws would not apply to them. Do you know if any of these loans you have are CSO's?

Posted: Mon Aug 11, 2008 5:56 am Subject: reply

CSO'S? first texas now florida.i do know that ameriloan is totally illegal.i don't know about the others.

privatepath11 · Posted: Mon Aug 11, 2008 9:15 am Subject: CSO's

What are CSO's?

Posted: Mon Aug 11, 2008 9:45 am Subject:

None of your loans are with CSO's (Credit Service Organizations).

Think Cash is not a pdl, it's an installment loan, and is legal.

privatepath11 · Posted: Mon Aug 11, 2008 10:53 am Subject: Owe

By looking at my post above, what do you think that I owe?
ameriloan - 0?
ZipCash - 30.00?
MyCash - 23.45?
ThinkCash - ?

Will I be legally bound to pay back ZipCash and MyCash? I sent an email to ThinkCash and told them that I would have to pay them by money order that I had been advised not to give out my personal accounts.

Posted: Mon Aug 11, 2008 11:09 am Subject:

zipcash and my cash now. doubtful. but you should pay the principle, ameriloan is a hand full, but after i sent complaints all over they finally gave in, after months and months, persistance is the key!

privatepath11 · Posted: Tue Aug 12, 2008 7:03 am Subject: C&D Letters

Do you have to send out C&D Letters? Does anyone know if you can renegotiate interest charges with ThinkCash? From what I have seen on this board, that is the only one of my PDL's that I am legally owing money to except for the $30.00 I owe to Zip Cash that is no longer doing business.

Posted: Tue Aug 12, 2008 7:12 am Subject:

No, you don't have to send out C&D letters. Frankly, C&D letters only apply to third party creditors, and these are original creditors, so these places don't have to abide by anything the C&D letter says. It could have the opposite affect you are hoping for and make it look to the pdl's like you don't know the law at all. But that's just my opinion, many here swear by sending them. I just don't feel you should try to fight a company using laws, but using the wrong ones.

privatepath11 · Posted: Tue Aug 12, 2008 8:14 am Subject: ThinkCash

Goudah2424, do you think I can renegotiate with ThinkCash on the interest of my loan? I understand that ThinkCash is not a PDL but an installment loan?

Posted: Tue Aug 12, 2008 8:44 am Subject:

I don't know if it will work, but it's worth a try.

privatepath11 · Posted: Thu Aug 14, 2008 4:08 am Subject: legal

Are the following licensed to do business in the State of FL:
ameriloan, ZipCash and MyCashNow?

Posted: Thu Aug 14, 2008 4:44 am Subject:

None of those are licensed in FL.

privatepath11 · Posted: Mon Aug 18, 2008 11:29 am Subject: Return Calls

what if i do not return any of the calls when i get them? ameriloan has called and i just told them i was not available and could not have personal calls at work that and that it would be after 5pm when she would be able to call. they said they were calling from "aml". i think they just tried to get there money from the account i closed. with the fees that i paid them, i don't think i owe them anything and they hit my old account for 320.00!!! do i need to tell them that i know that they are not licensed in the state of fl or just let it go?

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