Can anyone tell me whether these are legal in NC?

Loan Shop
Ameriloan
Cash Advance Now
High Country Ventures
Sonic Payday

I owe all these and I need to get out from under. Any help is appreciated.

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no pdl is legal in NC.we need the following.

how much borrowed from each
how debited total by each.include fees and rollovers.

you only owe the principle borrowed.there is a sticky at the top of this forum.it is the third from the top.it will guide you.

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You can go here and read up on the steps to take when dealing with illegal lenders.

You will need to send a letter to each AFTER you close your bank account.

You only owe them the amount you borrowed. All fees or rollover charges you have paid go towards that amount.

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Loan Shop Online, borrowed $500, ($300 on 9/24/08 and $200 on 1/27/09), pay $90 on the $300 and $60 on the $200 every 2 weeks from checking account.

Ameriloan - borrowed $400 on 11/6/08, had a NSF to pay fees, now paying $120 every 2 weeks for next 3 weeks

Cash Andvance Now - $200 with a $50 fee, by check

High Country Ventures - $300 on 3/24/90 and pay $90 every 2 weeks by ACH

Sonic Payday - $800 on 4/21/09, $216 fee due by ACH

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Also forgot payday loans under spouse

Loan Shop Online borrowed $400 on 4/14, rollover $240 once a month by ACH

Cash Advance Now $200 on 2/27, $100 rollover each month by ACH

Ameriloan $400 on 11/26, owes $111 each month by ACH

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okay.please check your bank statements to see if these places have debited anything.if they did it goes toward your loan.example:AMERILOAN you borrowed 400.00.they debited that 120.00 twice.that 240.00 goes toward your loan.you only owe them 160.00 that's it.again these places are illegal the contract means nothing.

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Okay so once I check my statements, should I send them a letter? I assume I ask them for a pif or something. Should I close my bank account?

I appreciate the help. I've been reading so much my eyes are burning now.

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there is a sticky at the top of this forum.the third one from the top.it will explain each step in how to deal with these places.

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You can find the example letter here. You just need to change it to your information and state laws.

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Thanks again for all the help.

I know I've read that these are illegal in NC but what does the law say (in simple terms)?

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Here are your state laws...

[quote[North Carolina State Information

Legal Status: Prohibited (N.C. Gen. Stat. § 53-281 authorizing payday loans allowed to sunset in 2001)

Citation:
The consumer finance act applies. N.C. Gen. Stat. § 53-173

Small Loan Rate Cap
36% per year

Where to Complain, Get Information:
Regulator: North Carolina Attorney General (See also Commissioner of Banks)
Address: NC Attorney General's Office 9001 Mail Service Center Raleigh NC 27699-9001
Phone: (919) 716-6400[/url]

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Ameriloan took out $450 on 11/7, have paid $927
Ameriloan spouse $400, have paid $334

Loan Shop took out $500, have paid $1410
Husband took out $400, no payment yet

Cash AdvanceNow took out $200, paid $50

High Country Ventures took out $300, paid $90

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Oh by the way, is there a way to check online to see if any of these businesses are licensed in NC?

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None are. They are prohibited in NC.

No payday loans are legal in NC.

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What about Cash Advance Now? They had me send a copy of a check made out to them and signed. So this is not an ACH. Is it handled any differently?

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That is ILLEGAL. PDL companies are prohibited to lend to NC residents period.

Was the check voided?? Or did you make out a the loan amount payable to the PDL company and signed the check??

Hope you did not just send them a blank check unvoided

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