laverne go to www.ila.gov and look up: 815 ILCS 122, this should help you better understand IL pdl laws and insert that into your settlement letters.

Laverne, calm down a minute and take a deep breath.

First, don't worry about the internet ones for now; they are not legal to operate in Illinois. You can deal with them but you don't have to do it right this minute because they can't do anything to you.

What you need to worry about is the storefront one; they are legal. What company is it? Look at your contract and see how many months they gave you to pay it back; that way I can tell if they are operating under the CILA or PLRA laws.

If you are worried about a wage assignment, send a letter to any company who you signed one with, and use the following format:

If they continue to proceed with a wage assignment, you can file an affidavit of defense with your employer.

Debtcruncher - all of my loans are with internet companies and I live in PA. Should I use the same format as above? Also, do you recommend closing my current bank account and opening another one? Can I just have the bank block those companies?

Yes, cojame_2000, you can use the format for your wage revokations. You can have the bank block these companies, but they go by so many different names it is almost impossible to list all of them on the block, they may also attempt to present a check to your bank. My bank went ahead and closed my account and opened a new one for this very reason.

The Credit Practices Rule is a federal law, so the revocation letter can work in any state. If you like, you can CC a copy to your payroll office just in case the paydays try to say they never got your revocation.

Putting a block on individual companies can cost you $25 a pop. Besides, they have a million names they use and they will just at your account from a different company that is not blocked.

You might try asking your bank if you can put a freeze on all automated withdrawals. If they don't let you do this, close the account and get a new one.

thanks - I didn't think about all of the other names. I am worried about my direct deposit from my job. I guess I have to see if the bank can transfer it from the closed account to the new one. It takes my job forever to change that and since my husband is military, who knows long that will take to change. Did you have to worry about that when you changed your account?

thanks for the advice i have one that a store front i have 12 months or 18 i think to pay them back. the rest are all internet now can cash transfer do something or cash netusa i was told they could i will send the letter to them. i dont know all the addresses though, i am starting with them tuesday i know i will have a rough time but i will start now

What my bank did when my account first closed was to automatically redirect my deposit to my savings since the account was closed, I had no problem getting my check and what I did was wait two days before transferring the funds because I was paranoid they would get to my new account, which they didn't, that gave my employer time to send the direct deposit to the new account.

1) The IL Dept of Financial Institutions lists all licensees on their website http://www.idfpr.com/dfi/ccd/ccd_main.asp . Cash Transfer and CashNetUsa are not licensed in IL as a finance company. Which means they would be an illegal operation. They will threaten you, but that is about the extent of what they can do to you.

2) The storefront loan at 12/18 months really is not a "payday" loan by definition. It is an "installment" loan and falls under the scope of the Consumer Installment Loan Act. You really need to find a way to tackle this one, because they have an effective recourse if you do not take care of their loan.

it is a n installment loan so what do you recommend i do for this just keep paying it or what should i do,so i dont have to worry about those two they are the highest of all of them. what about ameriloan and its my payday

laverne--

I didn't say that CashnetUSA was licensed in your state. I had said that they are licensed in my state which is Ohio, and in my state, they are licensed under the name "Check Giant." The reason I know this is b/c I looked through the licensee database for Ohio and typed in cashnetusa and it popped up that they are licensed under the name "check giant."

debt churcher or you there i asked another question

brown sugar can we go to the chat room or are you bussy

DebtCruncher and anyone else who is interested, please visit the following website and don't forget to add the www:

cashnetusa.com/fee-schedule-illinois.html

Cashnet USA is in fact licensed in the state of Illinois. I also read on the webpage that if you are unable to repay the loan in the allowable time frame permitted by Illinois law, that you are allowed to enter into a repayment plan. Laverne, this is especially important for you to read as this pertains to you specifically. For anyone else in another state who has a loan with them, if you visit their home page, you can follow the links to your state laws as well.

One last, then I have to go. ameriloan is licensed; I have never heard of Its My Payday.

What are your balances? If you make the payments as stated on the contract, you would be set to pay it off in 12/18 months (except if you are in the habit of making late payments).

The problem is they charge simple interest (daily accrual). If you make late or partial payments, the interest keeps adding up to a point where none of yur payment touches the principle.

You need to make sure that when you make a payment, you are at least paying for the accrued interest to date. Anything else you give them brings down your principle.

I have been saying that CashNetUsa is licensed to lend in the states they loan to consumers. They will even display that consumer's state's license when you click on the state you reside in and show the pdl laws for that state. If your state allows roll overs then CashNetUsa will allow you to roll over your loan. I live in OH and I had a loan with them, and I had to pay by the next pay period, which I did. They even gave me a discount for the loan because I paid it off 2 days early, so I paid under the interest rate allowed by OH. They didn't have to give me a discount, it was their policy to do so.