PDL - Cashnet USA and FL

I agree with Goudah, every bit of insight is a huge help.

So can anyone tell me if either USFastCash or United Cash Loans are CSOs in Florida? Is MTE, who I believe do business as these two pdl's?

Shey...I just dealt with both of those as ipdls here in Indiana...not sure about Florida though...would they be different in each location...maybe a stupid question but I wonder??

shey, they're both MTE Financial. I do not believe they are operating legally either way. However, goudah or frogpatch could probably answer that question to be on the "sure" side. goudah knows about the CSO stuff and frogpatch is in Florida. So he would know. However, I really believe MTE is just flat out illegal. Let's see if they come along and have an opinion.

I would doubt they are CSO's . . . That would give them some semblence of legality. Which MTE has never had.

My guess would be no, although I haven't checked. The only companies that are going to go the CSO route are the companies that are trying to be legal, and MTE doesn't even try to be legal.

Wow, I stumbled upon this web site while researching a paper I am writing. I started reading the posts and comments and was fascinated. I have never taken out a payday loan in my life. after reading the posts I looked into a couple of payday loan sites and read the terms and conditions. Why would anyone agree to that kind of interest is beyond me in less there was no other way to get money for some emergency and my credit sucked. I guess I would be thankful for having the option if none other was available to me. What blows my mind is the fact that all you guys are discussing the particular laws and if the are licensed and so on. It sounds to me like these companies gave you money when you needed it and no one else would. Then you try to find any excuse or loophole not to pay them back!!! No wonder the economy is in the crapper. If you expended as much energy on a second job or any job for that matter you might be able to pay them back as per what you had promised to do when they gave you the money. Who cares what laws they follow and what licensing they need for what state. They gave you money when you needed it plain and simple. Yeah the interest rate is ridiculous but no one is putting a gun to anyone's head either. After reading the comments I understand why they charge as much as they do...........Its because of people like you who will find any excuse to justify to themselves that they are in the right not to pay because this license isn't right or some other such nonsense. That didn't interest you in the slightest when you wanted them to give you the money you needed. you didn't say oh I'm sorry I cant take your 300 loan because my state doesn't allow them or the licensing looks improper. Then to make matters worse I read "its their reps fault for not telling me" and other stupid excuses. How about doing what most people do and read the contract that you agreed to, so you know what you are responsible for and what they agreed to do for you and what happens if either side doesn't hold up the their end. I'm outraged that people are filing complaints with the Attorney Generals office in their state on some technicality to get out of paying for their loan. Instead of wasting the AG time and our tax money to pay for that "investigation" you initiated you could pay back the payday loan company and maybe then they could afford to charge less then 200% interest to give money to those people really in need. Shame on you......
Its like if I fell and broke my leg and then someone came and offered to help me as long as I gave him the shoes off of my feet because he had none for himself and I agreed. Then after the stranger helped me to the hospital, I had them call the cops on the guy and saying he was somehow to blame for my misfortune and refused to give him the shoes. The next time the stranger goes to help somebody out he wont ask for shoes he will want 200 in cash or he wont waste his time. '
My guess is that if you paid people back you would have friends willing to help you, a bank, credit cards or some other way of getting money in a pinch. So if your credit and reputation is already shot and you have to get a payday loan because none of your friends and family will help you because you haven't paid them back from the last time. If you don’t pay it back for whatever reason you talk yourself into don’t waste the AG's time and my tax money complaining and acting indignant about the fact that they hit you account for payment multiple tile and so on. Read the contract, I did, even though I didn’t need a loan. You authorize them to try to debit you account for various amount in the attempt to recover their money when your scheduled payment doesn’t go through.
This was just and outside perspective through the eyes of someone who has never had to get a payday loan. Im glad to know its there if I ever need it and you can coaunt on it that I will pay mine off tight away. Agreed upon interest can be charged for the whole time it is delinquent so no way I would risk having to pay it back somewhere down the ine 2 years later after is been compounding 200% interest for 24 months!!!
Good luck on finding some loophole to get out of paying because it things dont work out and you end up having to pay that loan back later it wont be fun payiing 1500 back for a 300 loan. You weren't thinking that they would be nice and waive all the interest did you?
Absolutely crazy.........good luck to you all and to those of you on this site trying to find a solution to pay off your loans and not get out of your obligations you have my utmost respect.

We aren't here to judge people, as you so gracefully did, we are here to help people get out of debt according to the laws.

Get out of debt = find a loophole so you dont have to pay. Just my observation......
Arent we in enough touble from people who live beyond their means and default. The mortgage mess was front and center but that doesnt mean defaulting on other loans such as these hasnt been a contributing factor causing this economic hardship for everyone. Discuss some positive ways to eliminte or reduce debt. How about get a scond job, have a yard sale, or call a non profit debt consolidator where you can get professional help. This is supposed to be a debt consolidation forum but I see little good advice being given and most postings deal with how to get out of you obligation to the creditor by using some law or issue with how they are registered or something else.
I just find it sad that it has come down to someones word meaning nothing and trying to use some laws to justify why not to pay a company that gave you help when you needed it. I do concede that the cost of that help is rather high but that is the price you have to pay for your mistakes of the past. If you didn't pay your bill before and your credit is shot at least be thankful that you can still at least get a loan like this in emergencies.
All you do by defaulting is pass along the costs to the next consumer that has to use that service. Thank the people before you that didnt pay their bills for the high interest rate you have to pay to get the loan.
I am trying not to be judgmental but havent we seen enough problems in the last 2 years. The morgage speculators were taking advantage of the laws and lack of regulation and taking out loans with variable rates, no proof of income and baloon payments and buying houses they couldnt afford then just walked away from it and left the mess for the tax payer to clean up when the market turned. Dont use the system and laws to allow people to just default and leave the mess to someone else. I don't find that helpful at all sorry.
How about just cutting back, go to disneyland only once this year instead of twice and pay your obligations which you had promised to do in the first place.
Its sad to see that morals and ethics didnt make it into the 21st century.

If you want to help yourself pay your bills, dont take out payday loans, rebuild your credit so someone actually trusts you enough to give you money if you are in need and live within your means. Thats the kind of advice people should be getting and not which payday loan company on the internet isnt licenced in what state so you dont have to pay them if they gave you some money.