Posts: 6
Credits: 140


Send message to leisses
Sub: #1 Illegal internet payday loans in Wisconsin
Replied on 05-19-2009, 09:27 AM
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I have several (yes, I fell in the trap)internet loans out and live in Wisconsin. Could anyone help me figure out which ones are legal?
Sign my loan.net
payday-loan-yes
paycheck today
Instant cash
Ameriloan
PDL/High Country/Rocky Boy
My cash Now
United cash loans
Thanks for all your help!

Posts: 10
Credits: 176


Send message to jsangco81
Sub: #2
Replied on 05-19-2009, 09:35 AM
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wow I have some of the same loans -- ever think about consolidation ?


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Send message to Cool_Abyss
Sub: #3
Replied on 05-19-2009, 09:51 AM
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All those loans are Illegal. You only owe what you borrowed to these companies. Any fees/renewals you paid on the loan counts towards the principal balance.

The state of WI is horrible about enforcing PDL law, so I suggest you secure your bank account first.

Please read THIS for more information.

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"We are what we repeatedly do. Excellence, then, is not an act, but a habit."

-Aristotle-


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Posts: 1,698
Credits: 26,313


Send message to PinkLady
Sub: #4
Replied on 05-19-2009, 10:04 AM
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I used to live in Wisconsin and yes they do have to be licensed but Wisconsin does not have a capy on the interest they can charge. Defianlty do what cool abyss suggests and secure you account. You can find links for Wisconsinin my signature. I dealt with with Ameriloan, mycashnow and United Cash Loans. Ameriloan and UCL tried to make a check and pass it through my account, thank goodness I blocked it. Mycashnow sent me to a nasty collection agency that called me all day and every day at home and work.

__________________
ILLINOIS LICENSE SEARCH / CONSUMER CREDIT / GUIDE TO PAYDAY LOANS
http://www.idfpr.com/dfi/ccd/ccd_licensees.asp

ILLINOIS PAYDAY LOAN LAWS
http://www.paydayloaninfo.org/state_detail.cfm?id=IL

WISCONSIN PAYDAY LOAN LAWS
http://www.paydayloaninfo.org/state_detail.cfm?id=WI

WISCONSIN LICENSE SEARCH
http://www.wdfi.org/fi/lfs/licensee%5Flists/




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