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Sub: #17
Replied on 08-03-2008, 01:34 PM
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Shazzers,

Thank you so much for your knowledge about all of this!

All of my loans are internet loans.




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Credits: 156,375


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Sub: #18
Replied on 08-03-2008, 01:36 PM
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You're quite welcome, that is what we are here for. I am searching to see which are legal and which aren't so please check back periodically. I do know that 500Fast Cash and Payday Yes, Geneva Roth, United Cash Loans aren't legal.

United Cash Loans - read the link below:
http://www.debtconsolidationcare.com...spondence.html

Cash Supply- is licensed in New Mexico. What this means is you will have to abide by NM state laws, I have posted them below:

Quote:
New Mexico State Information

Legal Status: Legal

Citation:
N.M. Stat. Ann. § 58-15-32 to 38

Loan Terms:
Maximum Loan Amount: $2,500
Loan Term: 14 to 35 days, can be shorter by written agreement
Maximum Finance Rate and Fees: $15.50 per $100; $.50 verification fee per $100
Finance Charge for 14-day $100 loan: $16
apr for 14-day $100 loan: 417.14%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Total capped at 25% gross monthly income
Rollovers Permitted: None
Cooling-off Period: 10 days
Repayment Plan: Yes, equal installments over 130 day period

Collection Limits:
Collection Fees: $15 NSF fee one time per loan
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: New Mexico Financial Institutions Division
Address: 2550 Cerrillos Road, 3rd Floor P. O. Box 25101 Santa Fe NM 87505
Phone: (505)476-4885
Fax: (505) 476-4670
Regulatory Contact: Henry A. Vigil,, Consumer Industry Manager
Payday Avenue- I am not sure about this one.

Cash Central appears to be legal but I'm not sure what state they're licensed in.


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Sub: #19
Replied on 08-03-2008, 02:03 PM
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Shazzers,

In looking at Payday Avenue's contract information, i am seeing an address in Malta. The contract says that "the laws of the Republic of Malta shall apply to this agreement."

I'm pretty sure the last one is legal.




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Credits: 156,375


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Sub: #20
Replied on 08-04-2008, 05:27 AM
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Quote:
Shazzers,

In looking at Payday Avenue's contract information, i am seeing an address in Malta. The contract says that "the laws of the Republic of Malta shall apply to this agreement."

I'm pretty sure the last one is legal.
Well at least we can add that to the list of illegal/unlicensed pdl's!


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Sub: #21
Replied on 08-13-2008, 04:56 PM
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Well, i know i wrote my first few message a bit ago and haven't checked back in. I have actually had a hard hold placed on my account. The first time i called they tried to tell me that i wasn't able to block a financial institution or something, then i got a manager and they processed it for me. Were it not for this site, i would have probably accepted the first answer i got. But i didn't. Now i am in the process of sending out all of my C&D letters the illegal places and contacting the legal places to make payment arrangements.

The one thing i'm afraid of is them calling me at work. I have a new supervisor starting on Monday and i think that it would be AWFUL if her introduction to me was getting a call from a PDL.

It seems like results are varied as to how people are contacted. I don't know what to expect. But what i do know is that i feel SO relieved now knowing that there is a way out of this.

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Send message to chroma601
Sub: #22
Replied on 08-13-2008, 05:48 PM
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Yes, I'm dreading attempts to call me at work too. Hang in there!

NASAL
Anonymous
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Sub: #23
Replied on 10-19-2009, 04:54 AM
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Does anyone have any information on a place called crown holdings solutions in raleigh, nc?




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Send message to paulmergel
Sub: #24
Replied on 10-19-2009, 05:07 AM
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what number comes up on caller id?i'm not getting anything that resembles a CA.a spoofed caller id maybe.

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