What that means when we say the company is illegal is that it isn't licensed in any US state. They have no legal authority to lend money in the US. This also means they have no legal authority to collect interest. And no legal means of collecting on the debt.

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How I make some extra cash

I earn at least $20 extra every month doing offers. And you don't have to pay a cent.

oh so I can close my banka account? and I can leagally do this? even though tn allows them to lend here?
ameriloan 350.00 paid 105.00 in finances
loanpointusa 300.00 just reactivated this one have not paid anything
gfsil global financial 275.00 have paid 240.00 fiannces
the cash spot 400.00 have paid 100.00
little loan shoppe 250.00 have paid 75.00 this one said that i would pay 75.00 ten times and it would be paid in full
stcadvance 200.00 just took this one out not paid anything yet
paychecktoday 250.00 have paid 75.00 finances
tendollarpaydayloan 300.00 just reactivated this one have not paid anything yet
oneclickcash 300.00 have paid 360 finances
and all of these are online
so what do i pay back to these people or what do I owe them, because tn does not allow you to renew the loan right
and how do i get in touch with the AG and bbb and what do I tell them
sorry to be such a pain but I don't have a clue as to what i am doing can you take me through it step by step please explain to me exactly what i need to do

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Jonna, Yes, you can close your account. You will make alternated arrangements to pay them, like money order or prepaid visa....Right now, you need to concentrate on closing your account so the pdls can not get any more of your money and if you have direct deposit, get your payroll changed...I will go back and see what others have posted...

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Jonna, In TN, you do not contact the AG, you contact the TN Department of Financial Institutions, becuase that is the regulating agency for your state. I have posted the contact information for you. The BBB is bbb.org.


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You can file with the agencies at any time...I filed after I contacted my pdls and worked out my arrangements. That way, I could tell the agency what the pdl did and what I did about it and provide documentation to the agency verifying my information.

CAnnr posted on your first page about closing your bank account...please be sure to read that. If you have trouble with your bank, you can come back and post and we will help you figure out what to do.

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when i send letters to the pdls what do i say to them what do i tell them. And I wood really like to keep the bank that i am with i have been with them for 15 years. can i do that

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OK.... This is what I have so far...if I am wrong...please someone correct me..


As Paual and Goudah said, ameriloan, Paycheck Today, Ten Dollar Pay Day and One Click Cash - are all MTE and will be unlicensed

Loan Point is part of Geneva Roth -
GENEVA-ROTH CAPITAL, INC
1338 S FOOTHILL DR STE 325
SALT LAKE CITY, UT 84108
Licensed Utah

GFSIL - unlicensed


Little Loan Shoppe
90 W 500 S # 2001
Bountiful, UT 84010


Licensed in Utah

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jonna, I stayed with the same bank. They tell you to use a different bank to be safe and to be sure the pdls can not get your new account information. You just need to ensure the accounts can not be linked in any way. In other words they will not take mone from new accout to cover the old account. I will get a sample letter for you and post it so you have an idea about what to say. You will work on that after you close your account and after we find all the licensing for you...

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jonna, here is a link to a sample letter for you to use. You would need to change your information to reflect your situation.....

http://www.debtconsolidationcare.com...ding-loan.html

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American Consumer Credit - Cash Spot
American Consumer Credit, LLC
9482
Licensed Lenders
42 Read's Way Suite 136
New Castle
DE
19720
Licensed in DE

Jonna, Do you have any information about STC Advance...is this the company name? Do you still have the papers or anything from them that may give you another name.

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i just typed in (www)stcadvance.com and it came up maynot exsist and then clicked on that link and it went to it. they did not send me any papers.
ameriloan 350.00 paid 105.00 in finances
loanpointusa 300.00 just reactivated this one have not paid anything
gfsil global financial 275.00 have paid 240.00 fiannces
the cash spot 400.00 have paid 100.00
little loan shoppe 250.00 have paid 75.00 this one said that i would pay 75.00 ten times and it would be paid in full
stcadvance 200.00 just took this one out not paid anything yet
paychecktoday 250.00 have paid 75.00 finances
tendollarpaydayloan 300.00 just reactivated this one have not paid anything yet
oneclickcash 300.00 have paid 360 finances
and all of these are online
on these others what am i supposed to pay them
the ones that are licensed in a state what does that mean for me to be able to do to get rid of it or to pay them
and the ones that are not licensed what do i have to pay them.
in tn on the state law it says that they are legal, does that mean that they are leagal only if they are licensed in tn? i'm confused on that one.
thank you so much for your help

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They are legal as long as they are licensed somehwere. That is why I listed the addys too..and so you have them to write your leters to....You will need to propose payment plans with the ones licensed. If the letter I posted to you does not have that let me know..I have one that does. The ones that are not licensed, we do advocate you pay back what you borrowed and that is all you are obligated to do. Have you gotten anywhere with your banking situation?

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jonna, I'm going to break it down so that it might make more sense if you see everything all together, okay?

#1. TN will "allow" an internet pdl if they are licensed SOMEWHERE. It doesn't have to be in TN. If they are licensed SOMEWHERE, it will be considered "legal" and you would then have to abide by the pdl law of the state the pdl is licensed in.

2. When we say "illegal", that means they are not licensed to lend. So, they are lending you money illegally. No license to lend.

3. The first thing for you to do is close/block your bank acount. Don't get ahead of the game yet. The most important part is getting the bank account taken care of so that these pdls can no longer debit your account. We can work on the letters, etc. after your bank account is safe. DO NOT contact the pdls/send letters to the pdls until the bank account is to the point to where they can no longer debit. This is very important.

4. Yes, you can stay with the same bank; however, we usually advise to go to a completely different bank. This is just a precaution because the pdls know what bank you have an account at. If you go to a different bank, there is less chance of them finding your new account and debiting it. You can stay with the same bank if you stress to them that the "old" account and "new" account are not linked in any way. You need to be assured (get it in writing if possible) that anything trying to hit your "old" account will not affect your "new" account in any way.

5. After the bank account is straight, then you can fax/email/mail the pdls letters, okay? And you can also file complaints to the government agencies. Make sure your bank account is safe before proceeding.

6. I'm going to go through the threads and post it all together who will be considered "legal" and "illegal" so you can see it all in one spot.

7. I am going to go through and look at your dollar amounts and try to figure out where you stand as far as owing how much to what pdls.

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ameriloan - illegal/not licensed to lend anywhere
GFSIL - illegal/not licensed to lend anywhere
Paycheck Today - illegal/not licensed to lend anywhere
Ten Dollar - illegal/not licensed to lend anywhere
One Click Cash - illegal/not licensed to lend anywhere

Loan Point/Geneva Roth - licensed in Utah
The Cash Spot - licensed in Delaware
Little Loan Shoppe - licensed in Utah

stcadvance - we need more information on this one to see if they are legal/illegal. Any information you have on them (check to see how they debit your account/what name they use) give it to us. We can do a search on it.

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As it stands (without knowing about stcadvance), you only have 3 "legal" pdls, okay? What this means is that you will have to abide by the state pdl law where they are licensed. I will post those laws for you to see.

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These are the laws you would have to follow for Loan Point/Geneva Roth and also for Little Loan Shoppe:

You will find the Payday loan laws for Utah here (just select your state),
http://www.debtconsolidationcare.com...pdls-laws.html

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These are the laws you would have to follow for The Cash Spot.

You will find the Payday loan laws for Delaware here (just select your state),
http://www.debtconsolidationcare.com...pdls-laws.html

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