Does anyone know if gocash.com is legal? I'm in Texas and trying to deal with them is difficult. I have paid $2200 for a $400 loan....so any help would be greatly appreciated.
They list their address as somewhere in Newark, DE which makes me think that there is a high probability of them being illegal. Check in with your state's finance department or look up their online license database.
I think gocash.com is an illegal lender. You are liable only for the principal. Ask them for the refund, as you have overpaid them. Close your bank account asap to stop unauthorized withdrawal and open a new one. Look at this page to know about how to tackle illegal lenders: http://www.debtconsolidationcare.com...allenders.html
quit following an informative post with stupidity meant to confuse.nelly is right and her advice should be followed.like her post mine is short,and to the point unlike both of yours.
giving hope to the hopeless,help to the helpless,and hap to the hapless.
In the state of Texas, Go Cash - TX, LLC is a CSO registered with the Texas Secretary of State. Go Cash - TX, LLC is not a lender. For loans offered in Texas, go Cash - TX, LLC will assist you in obtaining an extenion of consumer credit from an unaffiliated third party. For this service, Go Cash - TX, LLC charges a fee of $25.00 per $100.00 of the amount financed. The leder makes loans at 10% per annum simple interest.
that means they are a CSO.d'oh i looked it up and it is there as a CSO.now based on there response how long have you had this loan?the 25.00 per 100.00 is a ripoff,but legal for a CSO.sorry but it is a CSO and legal i forgot about that.i do need to know how long you had this loan?
giving hope to the hopeless,help to the helpless,and hap to the hapless.
can you inquire as to how much it will take to pay it off?if you can do it asap as this vicious circle will continue until you do,or see if you can work out something to pay this off,but as much as it does suck,and is a ripoff it is legal.you need to try and either payoff,or pay down.
giving hope to the hopeless,help to the helpless,and hap to the hapless.
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Go cash is illegal in Texas. You have clearly overpaid them. Ask them to refund $1800.
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They list their address as somewhere in Newark, DE which makes me think that there is a high probability of them being illegal. Check in with your state's finance department or look up their online license database.
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I think gocash.com is an illegal lender. You are liable only for the principal. Ask them for the refund, as you have overpaid them. Close your bank account asap to stop unauthorized withdrawal and open a new one. Look at this page to know about how to tackle illegal lenders:
http://www.debtconsolidationcare.com...allenders.html
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quit following an informative post with stupidity meant to confuse.nelly is right and her advice should be followed.like her post mine is short,and to the point unlike both of yours.
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This is the response I received from gocash.com.
In the state of Texas, Go Cash - TX, LLC is a CSO registered with the Texas Secretary of State. Go Cash - TX, LLC is not a lender. For loans offered in Texas, go Cash - TX, LLC will assist you in obtaining an extenion of consumer credit from an unaffiliated third party. For this service, Go Cash - TX, LLC charges a fee of $25.00 per $100.00 of the amount financed. The leder makes loans at 10% per annum simple interest.
WTH?? Can someone tell me what this means?
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that means they are a CSO.d'oh i looked it up and it is there as a CSO.now based on there response how long have you had this loan?the 25.00 per 100.00 is a ripoff,but legal for a CSO.sorry but it is a CSO and legal i forgot about that.i do need to know how long you had this loan?
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I know it's hard to believe, but I opened this 11/16/11 and have made $2200 worth of payments. The original loan was for $400.
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can you inquire as to how much it will take to pay it off?if you can do it asap as this vicious circle will continue until you do,or see if you can work out something to pay this off,but as much as it does suck,and is a ripoff it is legal.you need to try and either payoff,or pay down.
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Credits: 312.35 Send message to kristine_escobedo
I'm doing that today. I haven't heard anything from them, though. Kind of weird....
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