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Posted: Sat Aug 02, 2008 6:30 am Subject: Payday Loans bleeding me dry! |
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Can you direct me in where I can get a listing of the State laws for payday loans in South Carolina. I know that we are one of the most liberal states with this matter, but I would still think there are some restrictions. Also, what about the following ipdl companies: PayDayMax, SignMyLoan.net and zip19.com.
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ddg99

Joined: 02 Aug 2008
Posts: 10
Debtcc Points: 180
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Posted: Sat Aug 02, 2008 6:55 am Subject: |
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Welcome to the forum! If you hang on, I'm sure that someone will be along soon who can help you with your payday laws and also give you advice on the specific companies you asked about. In the meantime, it would be helpful if you would list the following additional information: amount of the original loan with each company and amount paid so far.
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alias1958


Joined: 31 May 2008
Posts: 1249
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Posted: Sat Aug 02, 2008 8:16 am Subject: |
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I'm going to post your laws for you, but, we will need more info in order to plan a course of action for you. If you will list the following info, someone will do their best to help you. Also, I am moving this topic to the payday loan section so it will receive more attention.
| Quote: | South Carolina State Information
Legal Status: Legal
Citation:
S.C. Code Ann. 34-39-110 et seq.
Loan Terms:
Maximum Loan Amount: $300
Loan Term: Max: 31 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
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: Lesser of: NSF fee of $10 or actual charge
Criminal Action: Prohibited
Where to Complain, Get Information:
Regulator: South Carolina State Board of Financial Institutions
Address: Consumer Finance Division, P.O. Box 11905 Columbia SC 29211
Phone: (803) 734-2020
Fax: (803) 734-2025
Regulatory Contact: C. Dean Bratton,, Commissioner of Consumer Finance |
_________________ Online Complaints Ohio Attorney General
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Ohio Payday Loan Laws
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Shazzers
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Joined: 05 Dec 2007
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Posted: Sat Aug 02, 2008 8:17 am Subject: |
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There is a sticky available that shows the rules for each of the states. I think it's preliminary but it might help you get started. I've got a PDL with zip19.com too and I'm starting this process. Here is the infromation that I have that I've received from this group! This is a great bunch...you'll get alot of good information to help you through each step!
Email:
customercare(at)zip19.com
js(at)blizzardi.com
Mailing Address:
Zip19. com
Level 8 Suite 3, Plaza Commercial Centre, Biazza Street
Sliema, Malta
SLM15
Good luck!
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thlovely1

Joined: 01 Aug 2008
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Shazzers
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Posted: Sat Aug 02, 2008 8:27 am Subject: |
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I believe zip19 is the same as northway-financial and based out of Malta, making them illegal/unlicensed. If I am wrong, someone please correct me on this. I'm pretty sure that PayDayMax is unlicensed/illegal also. I'm not at all certain about SignMyLoan, I couldn't seem to locate any info on them, if anyone else is familiar with SignMyLoan, please come to our rescue!
What this means is, all you are morally obligated to pay these unlicensed lenders back is the principal amount. I just want to make sure that these a payday loans, and not installment type loans, please verify that for me.
_________________ Online Complaints Ohio Attorney General
Online complaints: Federal Trade Commission.
Ohio Payday Loan Laws
Ohio Consumer Protection Law
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Shazzers
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Joined: 05 Dec 2007
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Posted: Sat Aug 02, 2008 9:19 am Subject: |
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Shazz. . you are right. zip19 is affiliated with Nortway and is out of Malta. PayDayMax is strong armed by Credit Protection Depot, which at the moment, seems to be rather illusive. It would appear that the address I used in the spring is now a one way street. . . they will get emails out to clients, but you can't get info back in. Suggestion. . .use the phone number or fax number listed. . . .1-866-645=1661 or 1-899-645-1662 (fax). Direct faxes to Mr. William Reed. Hope this helps. Don't know much about Sign My Loan other than when I considered them earlier this year, there was way to much info they wanted and way too much paperwork. Little did I know then that they gave me a "gift" by making things difficult for me. Hope some of this info can be used positively.
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llw1995


Joined: 02 Feb 2008
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Posted: Sun Aug 03, 2008 6:27 am Subject: signmyloan |
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NLS
P.O. Box 5813
Wilmington, DE 19808
this is addy i was given to mail a payment in if this helps at all for sign my loan
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Sheila16
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Posted: Mon Aug 04, 2008 9:19 am Subject: Payday Loans |
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The loans are with the following internet companies:
PayDayMax $500.00. This was paid off, but due to the cycle, I reissued. The final cost was $1378.00 due to the extensions when it was finally paid off. Zip19.com. They too are with Northway. I tried to contact them about repayment, but they informed me that their lender stipulates full payment with a interest fee of $19.98 per $100.00. Thanks to you, I know the max in South Carolina is $15.00! Paydayless.com the initial loan was $300.00 with $75.00 interest fee. Signmyloan.net is $300.00. The interest fee is $98.50 each payperiod. I have 212.98 left due to the rollover.
Store Fronts
Carolina Payday $600 with $90.00 interest
Quick Cash $300 with $45.00 interest
Fast Cash $300.00 with $45.00 interest
I would like to be able to stop the internet since reading your posting on the laws in SC and the amount is to be only the loan taken for repayment with only $15.00 per $100.00. Not $19.98 or $45.00.
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Dorett
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Posted: Tue Aug 05, 2008 9:40 am Subject: |
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doragunter

Joined: 05 Aug 2008
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