Navigation

Is One Click Cash legal in Delaware?

Message Author
PostPosted: Tue Sep 30, 2008 8:32 am Subject: Is One Click Cash legal in Delaware?

Is One Click Cash legal in Delaware? I had a loan of $300.00 have paid $360.00 in fees without touching the principal. I am hoping to get them to settle with me. Any suggestions???
_________________
Register today to encash debtcc points.
Peg
Guest




Debtcc Points: 100

PostPosted: Tue Sep 30, 2008 9:07 am Subject:

Delaware requires a lender be licensed in your state, I browsed through the data base and couldn't find a license on them. Click the link below for the licensee data base for Delaware.
http://banking.delaware.gov/information/nondepsearch.shtml

Quote:
Delaware State Information

Legal Status: Permitted under small loan act or licensing law - Legal

Citation:
Del. Code Ann. Tit. 5 ยง 2227 et seq.

Loan Terms:
Maximum Loan Amount: $500
Loan Term: Max: 60 days
Maximum Finance Rate and Fees: Not Specified
Finance Charge for 14-day $100 loan: No Limit
apr for 14-day $100 loan: No Limit

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified ($1000 aggregate loans outstanding to all licensees)
Rollovers Permitted: Four (rollovers)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees:
Criminal Action:

Where to Complain, Get Information:
Regulator: Delaware Office of the State Bank Commissioner
Address: 555 E. Loockerman Street Suite 210 Dover DE 19901
Phone: (302) 739-4235
Fax: (302) 739-3609
Regulatory Contact: , Administrator, Non-Depository Institutions and Compliance


_________________
Online Complaints Ohio Attorney General
Online complaints: Federal Trade Commission.
Ohio Payday Loan Laws
Ohio Consumer Protection Law
Shazzers
Moderator
Shazzers
Moderator

Leave a quick message for Shazzers
Joined: 05 Dec 2007
Posts: 4580
Debtcc Points: 28720

PostPosted: Tue Sep 30, 2008 9:40 am Subject:

Delaware is the home of more PDLs than any other state due to there lax laws. Most of these lenders only have a mail drop there but that is where they are licensed. One Click Cash operates under several DBAs. It is really hard to check them out. There are many on the forums who have dealt with them who may be able to provide information.
_________________
Adults and Kids Go Green in Frogpatch
www.frogpatch.com


Read here how to escape the Payday Loan trap.
http://hubpages.com/hub/Escaping-the-Payday-Loan-Trap
frogpatch
Moderator
frogpatch
Moderator

Joined: 09 Apr 2007
Posts: 3695
Debtcc Points: 30816

PostPosted: Tue Sep 30, 2008 11:19 am Subject:

Thanks Frog, I kinda wondered about that, I know that One Click Cash has been under the microscope lately in Ca., I couldn't find any info on them for Delaware, which surprised me for the reasons you stated above.
_________________
Online Complaints Ohio Attorney General
Online complaints: Federal Trade Commission.
Ohio Payday Loan Laws
Ohio Consumer Protection Law
Shazzers
Moderator
Shazzers
Moderator

Leave a quick message for Shazzers
Joined: 05 Dec 2007
Posts: 4580
Debtcc Points: 28720

PostPosted: Tue Sep 30, 2008 1:25 pm Subject:

Put this address in the search box above 2207 Concorde Pike Wilmington. Page after page of different PDLS will all have the same address. It is Mail Boxes Etc
_________________
Adults and Kids Go Green in Frogpatch
www.frogpatch.com


Read here how to escape the Payday Loan trap.
http://hubpages.com/hub/Escaping-the-Payday-Loan-Trap
frogpatch
Moderator
frogpatch
Moderator

Joined: 09 Apr 2007
Posts: 3695
Debtcc Points: 30816

Quick Reply
Your Name
Subject
Message body
All times are GMT - 7 Hours
Page 1 of 1

 
About Us | Contact Us | Privacy Policy | Testimonials | Sitemap | Espanol | Media Kit | Terms of Services Navigation
Hacker Safe   Member of IAPDA   DnB Listed