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 Posted: Mon Mar 10, 2008 4:42 am Subject: Help in Ohio
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Can anyone direct me to a form letter that I can send to Checksmart in regards o their calls to my employer and my grandmother. I do not have the funds to pay them back, as I got caught up in having loans to four different payday loan lenders and I was basically giving my whole paycheck to these companies. Do I have any rights as a debtor to get this company to stop harassing me, my family and my employer? I know that I am going to have to repay them, but I cannot create money for them at this time. My employer is getting ticked off about the calls
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tes52966
Joined: 07 Nov 2007
Posts: 27
Debtcc Points: 714
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Posted: Mon Mar 10, 2008 4:53 am Subject:
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Hello, tes!  It seems as though you've already defaulted on your Checksmart loan? I checked to see if they were members of the CFSA and they are. However, if you've already defaulted, that won't help you. Have you spoken to the store front at all? The reason they are calling your references and employer is probably because they haven't spoken to you (?). Most times, the storefronts will call references and such if they can't "find" you. Have you spoken to them at all? If not, you need to contact them. You'll need to speak with the manager and explain the situation. See if they will set you up on payments. They will continue to call if you don't speak to them. The key with storefronts is communication. Call them, tell them you intend to pay this debt in full, tell them you're unable to at the moment and that you need to be put on a payment schedule. While you're speaking with them, give them your home/cell number and tell them to please only call THAT number, not your employer or your references. And, when they do call your home/cell, answer it. If you don't, they'll start calling the other numbers again. I'll post your state pdl law for you.
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cannr
Moderator
Joined: 07 Jun 2007
Posts: 9372
Debtcc Points: 124815
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Posted: Mon Mar 10, 2008 4:54 am Subject:
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| Quote: | Ohio State Information
Legal Status: Legal (Applies to check cashers only)
Citation:
Ohio Rev. Code Ann. §§ 1315.35 et seq.
Loan Terms:
Maximum Loan Amount: $800
Loan Term: Max: 6 months
Maximum Finance Rate and Fees: $10/$100 + 5% per month
Finance Charge for 14-day $100 loan: $15
apr for 14-day $100 loan: 390%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot refinance)
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: Bank charges (if disclosed); $20 collection charge; Court Costs; damages
Criminal Action: Not Specified
Where to Complain, Get Information:
Regulator: Ohio Division of Financial Institutions
Address: 77 South High Street, 21st Floor Columbus OH 43215
Phone: (614) 728-8400
Fax:
Regulatory Contact: Robert M. Grieser,, Deputy Superintendent for Consumer Finance |
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cannr
Moderator
Joined: 07 Jun 2007
Posts: 9372
Debtcc Points: 124815
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