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Guest · Posted: Thu Nov 09, 2006 4:16 am Subject:

Hi,
I live in WV just wanted you to know that the West Virginia Attorney General's Office Has Filed Lawsuits against 18 Payday loan companys for charging illegal interest rates. You may want to check with your own state attorney's office, you might not owe anything they might owe you!
Here is the list.
Posted: Mon Nov 06, 2006 12:28 pm Post subject: McGraw Reaches Settlement With 18 Internet Payday Lenders

---------------------------------------------------------------------- ----------

November 6, 2006

FOR IMMEDIATE RELEASE
CONTACT: Norman Googel
1-800-368-8808
304-558-8986

ATTORNEY GENERAL DARRELL McGRAW REACHES SETTLEMENT AGREEMENTS WITH 18 INTERNET PAYDAY LENDERS AND SUES 14 INTERNET PAYDAY LENDERS TO ENFORCE INVESTIGATIVE SUBPOENAS AND TO ENJOIN USURIOUS LENDING ACTIVITIES

Attorney General McGraw filed suit today in the Circuit Court of Kanawha County, Charleston, West Virginia, to enforce investigative subpoenas against 14 Internet payday lenders and to enjoin their usurious lending activities in West Virginia. McGraw also announced that his office has reached formal settlement agreements with 18 other Internet payday lenders in which they promised to permanently discontinue their payday loans here and to refund all unlawful fees and charges collected from West Virginia consumers. The latter agreement will result in tens of thousands of refunds and canceled debts for hundreds of West Virginia consumers.

The 14 Internet lenders sued by McGraw today made “payday loans” to consumers in their homes via interactive web sites and have claimed that states, including West Virginia, cannot regulate their lending activities. “Payday loans” are short-term loans or cash advances, typically for 14 days, secured by a postdated check or by an agreement authorizing an electronic debit for the full loan amount plus interest from the consumer’s account.

The companies McGraw sued deposit the loans electronically into consumers’ accounts and require payment of interest with Annual Percent Rates (“APR”) ranging from 600 to 800 APR, more than 44 times greater than the maximum allowable rate (18 APR) for consumer loans in West Virginia.

The companies sued by McGraw’s office include the following:

Apple Fast Cash Personal Loans - Wilmington, DE

Cash Advance Network, Inc. - Carson City, NV

Cash Advance USA - Miami, FL

Cash Advance Marketing d/b/a Cash Back Values - Carson City, NV

Cash Net - Salt Lake City, UT

American Interweb Marketing d/b/a CASHRebateOnLine.com
Carson City, NV

Leads Global, Inc. d/b/a Cash Today Limited and d/b/a Cash2day4you.com - Reno, NV

GECC d/b/a Cashdirectnow.com - Rapid City, SD

Americash Hotline d/b/a Direct CashExpress - Wilmington, DE

Magnum Cash Advance, Inc. - Wilmington, DE

Ambassador Financial Services d/b/a Nationwide Cash - Espanola, MN

PayDay OK d/b/a PayDay Select - Ruidiso, NM

Quik Payday.com Financial Solutions - Logan, UT

USA Cash Center - Rapid City, SD

The companies that have signed formal settlement agreements with Attorney General McGraw’s office include:

AnyDay Cash.com of Holiday, UT;
Checkexpress.com d/b/a Paydayloantoday.com of Las Vegas, NV;
CNC Funding of Euless, TX
Elite Cash Advance of Salt Lake City, UT
FSM Processing, Inc. of Las Vegas, NV
Get Cash 911.com of San Diego, CA
PayDay Advance Plus, Inc. of Los Angeles, CA
Sordi, Inc. d/b/a Checks for Cash of Rockford, IL
Star Light Financial of Del Ray Beach, FL
VIP Cash of Las Vegas, NV

Hope this will help some of you.

Posted: Thu Nov 09, 2006 5:13 am Subject:

this is good news..

Posted: Thu Nov 09, 2006 7:47 am Subject:

Good find, guest.

Posted: Thu Nov 09, 2006 2:41 pm Subject:

Hi Guest

At first you login into your account from here: - http://www.debtconsolidationcare.com/forums/login.php

After logged in you will find edit profile option. The link is on the top right side of the page, below Instant Messenger button.

Hope it will work for you.

Regards
Alex

Posted: Thu Nov 09, 2006 2:52 pm Subject:

Thanks ALex_Zee

Posted: Thu Nov 09, 2006 4:40 pm Subject:

I saw a whole bunch of my personal faves (NOT!) on that list from WV. I only wish that the heinous Sonic was included. I certainly hope that the Texas AG follow suit (no pun intended)With 19 outstanding PDL's I could be their star witness!!!

Posted: Thu Nov 09, 2006 4:49 pm Subject:

Valerie,

It's always wonderful to hear success stories like this. There are laws and government agencies for a reason. I'm glad to hear that you utilized them. Yes, print out everything and keep it filed. I'm glad that you stood up for yourself Smile