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LOL...I'm curious as I have one or two out with these people..

www.corp.ca.gov/enf/info/dr/06pdf/ameriloan.pdf

Posted: Mon Oct 22, 2007 2:59 pm Subject:

They need to stop originating loans in california until they are properly licensed....

Posted: Mon Oct 22, 2007 2:59 pm Subject:

Are you in CA? When did you get the loan?

Posted: Mon Oct 22, 2007 3:11 pm Subject: reply

break is in New Jersey. Am I correct, break? Payday lending is PROHIBITED in your state.

Posted: Mon Oct 22, 2007 7:07 pm Subject:

Us fast Cash 500

BIG LTD 200

ameriloan 300

CMG 300

CMG was sent to United Pay servivces and of course he scared me into paying $850.00 aqnd calling everyday to update my "case File". I was ripped off, I know.

Big I made two debits of 80 each, they claim my balance as of August was 445.00

Fast Cash was probably 200 or so.

Ameriloan was 100.

I kept getting a call from a woman who said If I didn't return her call she would write it up as a civil suite. They wanted $750.00 for a $300.00 loan. She didn't say which company she was with. I get calls after calls everyday and all I do is hang up on them. What does it mean when you say it's illegal to practice in NJ?

Posted: Mon Oct 22, 2007 7:10 pm Subject:

Us fast Cash 500

BIG LTD 200

ameriloan 300

CMG 300

CMG was sent to United Pay servivces and of course he scared me into paying $850.00 aqnd calling everyday to update my "case File". I was ripped off, I know.

Big I made two debits of 80 each, they claim my balance as of August was 445.00

Fast Cash was probably 200 or so.

Ameriloan was 100.

I kept getting a call from a woman who said If I didn't return her call she would write it up as a civil suite. They wanted $750.00 for a $300.00 loan. She didn't say which company she was with. I get calls after calls everyday and all I do is hang up on them. What does it mean when you say it's illegal to practice in NJ?

Posted: Mon Oct 22, 2007 7:12 pm Subject:

Big is overseas and illegal. ameriloan (an MTE company and CANNR's favorite) is illegal. I am not sure about CMG.

Posted: Mon Oct 22, 2007 7:15 pm Subject:

So I don't have to pay it back? I'm just a bit confused.

Posted: Mon Oct 22, 2007 7:15 pm Subject: reply

break, what this means (and you are in NJ, correct?) is that your state does not allow pdls. Okay. So what this means is that these lenders are lending to residents in your state illegally. Make sense? No. But they do it. Each one of your pdls is illegal. So CMG turned you over to a collection agency and they scared you into paying them 850.00? Crooks. How much was the original loan for? Also, if possible, could you list how much the loan was for for each pdl and how much you have paid on them? Can you do this to see where we stand as of the moment? We can certainly help you out. Wink

Posted: Mon Oct 22, 2007 7:18 pm Subject:

If the company is illegal then you are only obligated to pay the principle back. Understand though the company is not going to see it that way. But they are illegal companies plus your in a state that pdls are prohibited so the debt is not legally enforcable. They will try every scare tactic known to man though to collect.

Posted: Mon Oct 22, 2007 7:18 pm Subject:

Sorry Cannr I was typing as you were posting.

Posted: Mon Oct 22, 2007 7:34 pm Subject:

CMG is illegal too, fyi.

Posted: Mon Oct 22, 2007 7:38 pm Subject:

Three are illegal. I know US fast cash is illegal in FLorida. Not sure if they are licensed anywhere but in NJ it does not matter anyway. But if they aren't licensed at all then you can avoid the which state law do i follow arguement that these companies love to have.