I am not sure where to start

That's what I was afraid of. We have a pdl storefront down the road from me that opened not too long ago. It looks like a "one man owned" type of place. It doesn't even have a name on it! So I'm thinking someone just got a license, opened up a little concrete building, and is now giving pdls. Wonderful. So, that may be the case with your storefront. It might be an independent pdl. Which needs to have their license yanked! Sorry, I can't help myself from saying that 1,000 times. Okay, you're in Tenn., correct? And the name is Bankway, correct? Just "Bankway"? No other name involved like "Bankway pay day" or anything like that? I want to see if I can find anything.

Bankway Loan Company is on their card.

Lord! You are right. It's like the only place they exist is in your Yellow Pages! I guess their "official" name is:

Bankway Financial Services
1003 Carmack Blvd
931-223-5263

Is this the correct place? I did a search and couldn't find anything except for the Yellow Pages ad (I also looked for Bankway Loan Company).

I then went to the state licensee database. I'm putting the link here for you to access it so you can look, too. I'm NOT seeing them on here. Unless they are licensed under a different name. Check it out and make sure I'm not blind or anything. Did you ever notice a license hanging on the wall there? It's supposed to be hanging up where it is in view of everyone.

http://www.tennessee.gov/tdfi/compliance/Lic_DP.html#B

I read through each and every licensed name until I found the Proper d/b/a and the address matches the one Cannr Posted.....now you have all the information you need to file a complaint..Here you go..

LICENSE # 3408
JUNIFER M REEP DBA BANC-WAY LOAN COMPANY
1003 CARMACK BLVD
EXPIRATION DATE: 09/30/2008

You guys are amazing. I cannot believe you found all this information.
The husband told me when I talked to him that he was thinking of *getting out of this business*

I am a complete nerd and love to research! I speed read and it did not take me any time at all to click on the link Cannr posted and look for the d/b/a. Thought I would go crosseyed but it was fairly easy. Do be sure to file on them...even if they do not get shut down, you are loding an complaint and who knows, maybe others have filed on them too.

No time to log in...on my way to work. Got two letters from National Processing of America for American Consumer Credit. One for 125$ and one for 357.50$. I think I paid them 3 payement of 75$ and one of 32.50....fees of course. This is Cash Spot. I can't figure where they came up with the amount? $375 if they never counted the fees?

roxy, you are the bomb! I hate, hate, hate it when they use different names on the licenses! It's even spelled differently! Good Lord! Awesome job!

egypt, this letter you received - is it a collection agency collecting for The Cash Spot? Is that what it is? If it is, we can have you send them a debt validation letter. Is it a collection agency?

Ok...here is what I found on National Processing on the BBB...


I would send the request for debt validation...

Here is a link for a good one. Mine is quite similar to this one....

http://www.debtconsolidationcare.com.../about216.html

So, are they collecting for The Cash Spot? It says their classification is Consumer Finance and Loan Companies. That's what it usually says under the pdl classification. So, are they a collection agency?

I read several other posts regarding National Processing where members talk about them collecting on things such as credit card debt. So I would guesss they are a CA. It can not hurt to send the request for debt verification. They are representing themsselves as a collection agency to Egypt. The most they can do is say they are in house and not 3rd party.

True. I just couldn't figure out if they were actually a collection agency. Hell, it wouldn't hurt to send out a debt validation letter! Why not!

Cannr I edited the post....check this out

http://www.debtconsolidationcare.com...bout14936.html

Ahh.... so they DO collect on old pdls also. Interesting.... Little devils! egypt, send out a debt validation letter to these guys. Good luck to them in sending PROPER validation!

Thanks, roxy!

It is me...I am thinking that American Consumer Credit is Cash Spot that is how they appeared on my bank statement...not Cash Spot. Of course none of the Internet loans are *old* This one I got in Dec. and as I said, it was for $300 with a 75$ bi-weekly fee. I had one fee of $32.50 and I think two or three of $75.00...but what I cannot figure is the two bills...one for the $125 and one for $357.50$ Yep they will get a validation letter.
Cannr...it is most definitely a collection co. of some sorts.