Internet's first get-out-of-debt community - 122,000 members

TS · Posted: Tue Jan 29, 2008 12:24 pm Subject: Ohio Payday Loan Laws

Can anyone tell me what the pdl laws for Ohio is. We have both storefront and online pdls. Two of the storefronts bounced last week and I am worried sick. I am also worried about paying the mortgage and other bills. This is a horrible mess we've gotten into.
Thanks for any help.

Posted: Tue Jan 29, 2008 12:30 pm Subject:

Posted: Tue Jan 29, 2008 12:52 pm Subject:

Hi TS, I am from Ohio too, I am assuming you have defaulted on these loans as of now. The people at this forum understands what you are going through, there is a lot of good advice here to help walk you through this process. If you have any questions, please feel free to ask, but in order for us to help you we will need more information about your loans. If you should decide that you need more help, do not hesitate to ask. The people here are very understanding and helpful. Smile

Posted: Tue Jan 29, 2008 12:54 pm Subject:

TS, if you can tell us who you have loans with, how much you borrowed from each, how much you paid in total to each and which are store front and which are internet, we can help you here.

TS · Posted: Tue Jan 29, 2008 1:24 pm Subject: Payday loans

This is embarrasing but here it goes
Storefronts:
Cashland 800/112.50
Checksmart 800/112.50
Check N Go 800/112.50
Check Exchange 800/112.50

On-Line
MyCashNow 600/112.72 Since Oct. 2007
Apple Fast Cash 450/115.71
Cashnetusa 500/67.00

We defaulted on Cashland and Check N Go as of Jan 15th and my husband justed talked to Cashland and they are threatening him with jail if we don't pay. My husband asked about an extended payment plan and she said she didn't know what he was talking about.
Thanks for any help.

Posted: Tue Jan 29, 2008 2:19 pm Subject:

Hi there....wanted to let you know I am looking at this.

CashNetUSA is a legal PDL, but I am checking on the others.

Posted: Tue Jan 29, 2008 2:23 pm Subject:

I would defintely call the store fronts and try to work something out with them. Because you have already defaulted they will not evoke the EPP, but try to make some sort of arrangements. For the most part store fronts operate legally and can and will sue you.If you stay in contact with them they will try to work with you.

Posted: Tue Jan 29, 2008 2:26 pm Subject:

For your on-line PDL's, the only one legal in OH in the licensee database is CashnetUSA.

Have you defaulted on Checksmart or Check exchange yet?

Posted: Tue Jan 29, 2008 2:33 pm Subject:

Can they put my husband in jail as the woman from Cashland stated? By the way, I signed up on this website and I'm now teresasbengals instead of TS. We have not defaulted on the other two storefronts and all of the internet ones are in good standing. We aren't trying to get out of paying them, we would just like for them to work with us.

Posted: Tue Jan 29, 2008 2:35 pm Subject:

If you have not degfaulted on the other two store fronts and they are members of the cfsa they must give you the extended payment plan. The loans must be paid off in 4imstallments. Go to the store fronts in person before the loan is due to get the epp

Posted: Tue Jan 29, 2008 2:39 pm Subject:

You need to ask for the EPP 2 business days prior to the due date.

Posted: Tue Jan 29, 2008 2:44 pm Subject: Jail??

Can they put my husband in jail. He said the lady from Cashland was pretty rude and wouldn't relent.

Posted: Tue Jan 29, 2008 2:46 pm Subject:

No he cannot go to jail. They can take steps to collect, but not jail!
Steps...meaning sending it to collections, and so forth. No criminal action.

Posted: Tue Jan 29, 2008 2:52 pm Subject: Thanks!

Thanks for the info everyone. For Cashland we had to write two checks, she wants atleast one paid by the 31st. I'm not sure we can do that as our mortgage is due too. If we send her say $100 would it help??? Also, our other two internet pdls are illegal, what can we do about them? One one I calculated that we have paid around $950 on a 450 loan. I think these stupid Payday Loan places should be illegal.

Posted: Tue Jan 29, 2008 2:58 pm Subject:

What is the arrangement amounts you have for the two checks with Cashland?

*Name:
*Email:
*Phone:
*Zip:
Debt

	* denotes required field

Internet's first get-out-of-debt community - 122,000 members

Ohio Payday Loan Laws

Members Area

Free Debt Counseling

Ask the community

Featured Discussions

Featured Articles

Question of the Month

Useful Links

Recent Forum Discussions

Recent Blog Post