05-29-2009, 07:26 AM
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Help in Ohio
I need some Payday Loan help in Ohio.
I have a company called PanAm Cash that's ripping me off bigtime! At first I had a $200 loan with a "service fee" of $70. What they don't tell you is that this "fee" is charged every week until you pay off the loan! I paid the first "service fee" and they approved me for another $300, which they combined with the original $200 and now charge me a service fee of $150. I've paid them almost $370 in "service fees" and it states that my loan balance is $650!!! How do I stop this nightmare?!? 
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05-29-2009, 09:46 AM
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Is this a store front lender or Internet? If this is an Internet Lender they are illegal in Ohio. Also, if this is a store front lender you need to look at your contract to see if this is a payday loan or an installment loan. The laws for ohio (payday lenders) are at the link below.
http://www.paydayloaninfo.org/state_detail.cfm?id=OH __________________
CLICK HERE To join my Social group, The Payday-Loan-Free Advocates! Online Complaints Ohio Attorney General Online complaints: Federal Trade Commission. Ohio Payday Loan Laws CLICK HERE to find a Creditor
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05-29-2009, 09:49 AM
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I just looked up this company, is this company actually called Panama? If it is then it's ILLEGAL. Close your account asap and CLICK HERE to find out how to deal with illegal lenders.
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CLICK HERE To join my Social group, The Payday-Loan-Free Advocates! Online Complaints Ohio Attorney General Online complaints: Federal Trade Commission. Ohio Payday Loan Laws CLICK HERE to find a Creditor
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