New National Movement???

I'm with you. I've already started with my AGs office and I'm waiting for the Div. of Fin. Institutions response, they should be receiving my complaints any day now, the lady stated she was looking forward to them. I'm also taking the names of the other pdls I found on this site and giving this dept. all of their names/aliases/contact info. etc...Even though I've not done business with them I think the state needs to be aware they are conducting illegal business in our state. Since I've gotten involved with this I've spent alot of spare time researching and gaining valuable info. from this site. Thank You! And I'm all for your national movement idea. I encourage anyone from OH on this forum to file complaints with the AGs office and Div. of Fin. Insitutions, THEY DO RESPOND to these complaints and act on them, YOU WILL NOT BE IGNORED!

You could call it: United Stand Against Cash Advances
(USACA), I was trying to come up with something that would spell a word.

Good name! Let's get a few more ideas. But I like what you're doing in Ohio--sounds like the Buckeyes are in the house, yes!!!

I've been doing more thinking (or obsessing :))) about this--and I think what we have to get out in the open is why we took the PDL's in the first place--in my case, because of crappy credit. I know I am not alone here--as many of us did it because of the same reason.
Are there other reasons? What are they? And what kind of solution do we propose? Your thoughts??
I am amazed by the amount of knowledge and insight I have found here, and look forward to reading the posts from Amy, PollyandSay and Finsfan among many others. I know we can do this!

I took mine out because I am a single mother of 2 disabled children, my youngest had hearing aid implant surgery (he's profoundly deaf), out of a $100,000 plus medical bill I needed $1200 for the remaining balance of a hearing aid which costs $15,000 (not bad!)-good insurance, at the same time my car needed EXPENSIVE repairs, I'm about to finish my Chpt 13, so I could not get a conventional loan, and not enough equity in my house to take out an equity loan which I had permission to do. So one night I was crying so hard and I decided to click on one of my spam mails advertising cash advances. And the rest is history. I promised my son he would hear after his surgery and I needed my car. I did not want to let my son down. So now here I am, I am having success with my complaints with the Ags office and I am waiting to hear from the other pdls as to a resolution to the situation and their response as to why they are operating in OH without a license. My proposal is to BAN ALL INTERNET PDLS PERIOD! And go after the storefronts. There has to be a better way. I know I found out in OH the credit unions are trying to make programs for members who would otherwise get a pdl. They are trying to make an alternative for people like me.

Good point, Amy. I would be interested in hearing what the Credit Unions are doing for those of us caught in the PDL trap--and maybe we could propose this as a solution.
We should also stress more education in the schools on this topic, so kids won't make the same mistakes we did.

I'm like you and polly. I have literally become OBSESSED with this whole mess and how to stop the crooks and hopefully help others avoid the mistakes I have made and know their rights. These pdls rely on tactics such as fear and embarassment in hopes that consumers do not exercise their rights, and it works. A fool and his money shall soon part, but then the fool educates himself and fights back.

Sometimes the best money management skills aren't enough depending on what life has thrown at you. And then there are people who grow up in a cycle of poverty with no chance at all what other resources are out there for them? Probably none.

Payday loans are NOT a solution to anybodys money trouble, they make the problem worse. I say the hell with regulations, they need to outlaw them off the board comepletely.

I totally agree with you--but how do we enforce the regs? Let's come up with a viable plan so they can't work around them.

Establish a lobbying group, flood your senators with letters. Or hit them up gurella style by bombing them. jk;)

A lobbying group??? I LIKE that!!! :o We can do that! Kinda like Moveon.org! Now what do we call it?

I still say USACA (Pronounced u-sucka)LOL. United Stand Against Cash Advances.

There was a news special on payday loans that my husband saw recently. Neither one of us has ever come near payday loans, but we know how corrupt they are. Everyone will soon know and then they will no longer exist.