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 Posted: Tue Aug 19, 2008 6:24 pm Subject: Please help with advice... |
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Hello all, I have some unfortunate payday loans that are all from the internet. The help I am seeking is which ones are illegal pdl's and which one are legit. I live in CA so I know they have strict tough laws regarding pdl's. The companies I have these with are through:
Unitedcashloans
ameriloan
Sandpoint a.k.a. clearwaterbaymarketing
FTR processing
VIP payments
EZ payday cash
discount advances
Paragon
VIp Cash which I believe is qloot
payday max
I know that a couple or more have a cease and desist order against them in CA, but I do not know what to do if they do have the order against them. I have a feeling now that most or all are illegal but with your guy's help I am seeking advice on how to get rid of them. I have already closed my checking account and reported Unitedcashloans to the AG office and left a message with the CA Dept of Corp. Please help me. Thank you.
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jrodriguez3
Joined: 18 Aug 2008
Posts: 24
Debtcc Points: 357
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| Posted: Wed Aug 20, 2008 6:16 am Subject: |
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| Quote: | Legal Status: Legal
Citation:
Cal. Fin. Code §§ 23000 to 23106
Loan Terms:
Maximum Loan Amount: $300
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: 15% of check
Finance Charge for 14-day $100 loan: $17.65
apr for 14-day $100 loan: 459%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot charge fee for extension)
Cooling-off Period: None
Repayment Plan: Voluntary (no fees may be charged in conjunction with payment plan)
Collection Limits:
Collection Fees: $15 NSF fee
Criminal Action: Prohibited
Where to Complain, Get Information:
Regulator: California Department of Corporations
Address: Financial Services Division, 1515 K Street, Suite 200 Sacramento CA 95814
Phone: (866) 275-2677
Fax:
Regulatory Contact: , |
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danilewis82
Joined: 05 Aug 2008
Posts: 268
Debtcc Points: 1476
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| Posted: Wed Aug 20, 2008 6:18 am Subject: |
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it says that you are only supposed to have on loan at a time also rollovers are not permitted
from looking at your list i can tell you that ameriloan and united cash loans are not legal, the rest i am not familiar with, but i would suggest you using the search box above, it can be very helpful 
Hope that helps
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danilewis82
Joined: 05 Aug 2008
Posts: 268
Debtcc Points: 1476
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