PDL lie??

Eddie, Delaware is a state with very lax pdl law. That's why there are a lot of pdl's using Delaware as their address. Now to be absolutely positively sure, as you so want to be, which pdl are you talking about? That "paragraph" that all pdl's put in their paperwork is almost 100% hogwash. However, to put your mind at ease and also to be 100% positive, tell me which pdl it is.

I know you've seen this before but:

You will find the Payday loan laws for South Michigan here (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

Go back to Payday Loan Laws

Magnum Cash Advance and Zipcash d/b/a netcashusa

Magnum and Zip Cash are not licensed. So, in other words, they're full of crap. You go by your state law. They're not even licensed. So, go for it. :D

thank you so much..I love you guys your awesome!!! :D this site and the people on this board ahve saved my family and I!

Zip Cash d/b/a NetCash? Wait a minute. I know I could never find anything on Zip Cash. However, NetCash? Hang on.

Is netcash another name for cahsnet usa. I know in some places their license is under netcashusa.

eddie, okay. I feel better now. I did a search and they came up with two different addresses. One in Delaware and one in New Mexico. I checked both licensee databases and found NOTHING. So, you're safe. Go for it (again!) :D

According to eddie's documents Zip Cash is a d/b/a of NetCashUSA. Did a search in both Delaware and New Mexico for Zip Cash and NetCashUSA. Nothing.

Net Cash USA is different from Cash Net USA.

And Eddie, Cannr is right. In MI they must follow MI law . . . . . There are a few states where they can be licensed in another state, but MI isn't one of them. All pdl's put that clause into their contract, but "choice of law" contracts don't hold up in court. Can you really chose which laws you are going to follow? No! You have to follow the laws that govern the transaction. You cannot pick and chose which ones will benefit you the most and chose to follow them.

But it doesn't matter if they aren't a licensed company. If they are not licenesed anywhere they are 100% illegal.

Eddie - MI law states pretty clearly that any company doing business in Michigan as a lender must have a Michigan license. It also goes on to say that their interest rate must comply to MI law and the rate must be clearly posted in their physical location (storefront). It's a little hard for an online lender to post an interest rate at a physical location that doesn't exist. :twisted:

Here is the info that I have for Zip Cash
info(at)zipcash.com
Zipcash-SFT LLC
314 North Riverside Drive
Espanola, NM 87532
(866) 320-2947
I have dealt with them--they're not too bad. No threatening phone calls or anthing, just some stern e-mails. Hope this helps.

This thread brings up an excellent point which I think might even head to the Supreme Court at one time.
Case in point: IPDL's all say that A. since they are in Delaware, or whatever state they are in, their customers are bound by those laws, irregardless if they have never even set foot in that state. B. Educated customers are now saying that since they live, do business and took the loans out in their home state, those laws apply.
There is going to be a huge court fight on this one, you mark my words.

I think you are soooooo right!!!

And doesn't that Zip Cash address look the same as Nationwide???? I have both and don't think I ever made that connection...Duh

And Ambassador uses that same address too.

Net Cash USA also uses the same address . . . . . It may just be a mail place, or they are all related.

i have been trying to get our from under on swveral companies.. netcash usa is one B&l marketing another and cash supply another i finally closed my accounts and went to another bank however i need to find out who is licensed in tha state of nebraska. according to the nebraska law they have to be physically located here is that correct?

Dorian started another thread and we have answered on it..