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 Posted: Fri Mar 14, 2008 10:17 am
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Is this a good company to work with? I have 9 payday loans and live in VA.
Thanks for any help you can give!
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olivia79
Guest
Debtcc Points: 100
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Posted: Fri Mar 14, 2008 10:38 am
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Olivia..there are several members who have used this company. You can type their name in the search box at the top right corner of this page and see what members have posted about them. There is the option of taking care of this yourself. If you list whether they are storefront or internet, which companies you borrowed from, how much you borrowed from each and the total of what you have paid to each...we can help you figure out where you stand. Maybe that will help you determine if you want to use Langhorn or if you want to do this yourself.
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RoxyNY
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Joined: 03 Aug 2007
Posts: 3911
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Posted: Fri Mar 14, 2008 10:47 am
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Here are your state laws so you and everyone else can look at them..
| Quote: | Virginia State Information
Legal Status: Legal
Citation:
Va. Code Ann. ยง 6.1-444 et seq.
Loan Terms:
Maximum Loan Amount: $500
Loan Term: Min: 7 days
Maximum Finance Rate and Fees: 15%
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: Not Specified
Rollovers Permitted: None (cannot refinance, renew, or extend)
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: $25 NSF fee; Court Costs; Reasonable Attorney's Fees (not to exceed $250)
Criminal Action: Prohibited
Where to Complain, Get Information:
Regulator: Virginia Bureau of Financial Institutions
Address: State Corporation Commission, 1300 East Main Street, Suite 800 Post Office Box 640 Richmond VA 23218
Phone: (804) 371-9657
Fax: (804) 371-9416
Regulatory Contact: Susan E. Hancock,, Deputy Commissioner, Consumer Finance
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What this means is that in order to lend in the state of VA, internt lenders must be licensed by VA.
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In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
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RoxyNY
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Joined: 03 Aug 2007
Posts: 3911
Debtcc Points: 11803
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Posted: Fri Mar 14, 2008 11:29 am
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Thanks Roxy. Here is the list, let me just say that it hurt my heart to calculate these amounts...
Ameriloan - $450 - pd $725
Nationwide Cash - $400 - pd $925
500 Fast Cash - $350 - pd $575
Paycheck Today - $300 - pd $360
Global Financial Services - $225 - pd $540
Quickest Cash Advance - $300 - pd $360
Quick Cash 911 - $500 - pd $765
Upfront Cash - $500 - pd $925
Upfront Payday - $500 - pd $1,135
I really can't beleive how much I have paid out. Once I get all of this taken care of I will never do this again.
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olivia79
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Posted: Fri Mar 14, 2008 12:06 pm
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someone, probably roxy will be able to tell what is legal.it looks you overpaid on every loan.you can probably do this yourself.
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paulmergel
Debt Samaritan
Joined: 24 Jun 2007
Posts: 1992
Debtcc Points: 8027
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Posted: Fri Mar 14, 2008 12:16 pm
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Thanks paul, most of them are not going to be licensed in MD. You have two threads going to I will ask this one to be locked and we can pick up on the other one where the members are instructing you further.
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In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
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RoxyNY
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Joined: 03 Aug 2007
Posts: 3911
Debtcc Points: 11803
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Posted: Fri Mar 14, 2008 12:37 pm
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Locking!
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Sassnlucy
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