| Author |
Message |
|
|
 Posted: Thu Sep 27, 2007 6:58 pm Subject: greenlightfunds
|
|
|
Has anyone ever heard of Greenlight funding group.
the address i have is P.O.box 8736,Prairie Village,Ks
66808-0736. Are they legal or not?
|
|
granny
Joined: 07 Sep 2007
Posts: 449
Debtcc Points: 8187
|
|
|
 |
|
Posted: Thu Sep 27, 2007 7:27 pm Subject:
|
|
|
Is this a pdl? If so, then they are most likely not legal.
|
|
eleroo
Joined: 06 Jun 2007
Posts: 1227
Debtcc Points: 14311
|
|
|
|
Posted: Thu Sep 27, 2007 7:31 pm Subject: greenlight funding
|
|
|
yes, they are an internet pdl
|
|
granny
Joined: 07 Sep 2007
Posts: 449
Debtcc Points: 8187
|
|
|
|
Posted: Thu Sep 27, 2007 7:33 pm Subject:
|
|
|
Do you have a loan with them? If so, what state are you in?
|
|
eleroo
Joined: 06 Jun 2007
Posts: 1227
Debtcc Points: 14311
|
|
|
|
Posted: Thu Sep 27, 2007 7:43 pm Subject:
|
|
|
yes, I have a loan with them. I live in tn
|
|
granny
Joined: 07 Sep 2007
Posts: 449
Debtcc Points: 8187
|
|
|
|
Posted: Thu Sep 27, 2007 7:46 pm Subject:
|
|
|
Here are the state laws for TN:
| Quote: | Legal Status: Legal
Citation:
Tenn. Code Ann. §45-17-101 et seq. and Tenn. Comp. R. & Regs. § 0180-28-.01
Loan Terms:
Maximum Loan Amount: $500
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: the lesser of 15% of the check or $30
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: 3 (2 per licensee)
Rollovers Permitted: None (cannot renew or otherwise consolidate)
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: One $30 NSF Fee; Court Costs
Criminal Action: Prohibited
Where to Complain, Get Information:
Regulator: Tennessee Department of Financial Institutions
Address: 511 Union Street, Suite 400 Nashville TN 37219
Phone: (615) 741-2236
Fax: (615) 532-1018
Regulatory Contact: Bart Daughdrill,
http://www.tennessee.gov/tdfi/ |
Is the only pdl that you have, or are there others?
|
|
eleroo
Joined: 06 Jun 2007
Posts: 1227
Debtcc Points: 14311
|
|
|
|
Posted: Thu Sep 27, 2007 8:05 pm Subject:
|
|
|
no, there are others,go to "I need Help!!!!"
|
|
granny
Joined: 07 Sep 2007
Posts: 449
Debtcc Points: 8187
|
|
|
|
Posted: Thu Sep 27, 2007 8:19 pm Subject:
|
|
|
Can you list the companies you have loans with, how much you owe, if they are store front or internet. If you can give us this information someone on the forum can help.
|
|
lmk3524
Joined: 06 Sep 2007
Posts: 437
Debtcc Points: 4188
|
|
|
|
Posted: Thu Sep 27, 2007 8:59 pm Subject:
|
|
|
I have gotten assistance from everyone on the thread "I need help!!!!", and I am working on my pdls now. I noticed from looking at different topics, I noticed that no one ever mentions GreenLightFunds.
|
|
granny
Joined: 07 Sep 2007
Posts: 449
Debtcc Points: 8187
|
|
|
|
Posted: Thu Sep 27, 2007 9:05 pm Subject:
|
|
|
We're glad you got help from your other thread...we are all here to help so if you kept it all on one thread, that would be great!
Thanks!!
|
|
volleyballmom
Debt Samaritan
Joined: 27 Aug 2007
Posts: 4178
Debtcc Points: 24895
|
|
|
|
Posted: Thu Sep 27, 2007 9:19 pm Subject:
|
|
|
I am so sorry  I will remember that next time. I just thought I will get a faster answer if I started a new thread.
|
|
granny
Joined: 07 Sep 2007
Posts: 449
Debtcc Points: 8187
|
|
|
|
Posted: Thu Sep 27, 2007 9:20 pm Subject:
|
|
|
No prob at all!! Really..we are glad you are here! Keep the questions coming.
|
|
volleyballmom
Debt Samaritan
Joined: 27 Aug 2007
Posts: 4178
Debtcc Points: 24895
|
|
|
|
Posted: Sat Sep 29, 2007 8:13 pm Subject:
|
|
|
I now believe i am the only one who got a pdlthrough greenlight funding. I don't know what to do do find out if they are legal or not 
|
|
granny
Joined: 07 Sep 2007
Posts: 449
Debtcc Points: 8187
|
|
|
|
Posted: Sat Sep 29, 2007 8:34 pm Subject:
|
|
|
Hi granny. If it is an internet pdl then I'm quite sure that they are illegal. Most of them are. I will do some searching and be back with some info. shortly.
|
|
eleroo
Joined: 06 Jun 2007
Posts: 1227
Debtcc Points: 14311
|
|
|
|
Posted: Sat Sep 29, 2007 8:48 pm Subject:
|
|
|
Hi Granny. Greenlight funding is licensed in the state of Delaware, according to the info that I found. This does not mean that it is licensed in your state, and I seriously doubt that it is. There is a sample contract online and the wording ".....licensed and bonded in the state of Delaware....(blah, blah, blah)...can't remember the exact words. Basically it said that regardless of your physical location they will just act as though you signed it in their office in Delaware and that it will apply to you regardless of where you live. BUT, that is kind of standard in these illegal loan contracts, I think.
|
|
eleroo
Joined: 06 Jun 2007
Posts: 1227
Debtcc Points: 14311
|
|
|
|
Posted: Sat Sep 29, 2007 9:20 pm Subject:
|
|
|
so, since i live in tn and it is licensed in delaware, is it legal in tn? if so, will i have to abide by the laws of delaware? right now, my loan is in default, so what action will they take? (my bank account is closed)
_________________
Register today to encash debtcc points.
|
|
Guest
Debtcc Points: 100
|
|
|
|
