Kansas Licenses
Date: Fri, 10/26/2007 - 09:32
Trail, Unfortunately Think Cash is very legal as they are backe
Trail, Unfortunately Think Cash is very legal as they are backed by the First Bank of Deleware. First Bank of Deleware is licensed and very legal.
I have another question. Let me start by saying this loan origin
I have another question. Let me start by saying this loan originated with a visit to Check n go Online. It then transferred from there to the First bank of Delaware as an Installment loan. I called them and asked them to not take the payment out of my account as the money would not be there. I asked them to give me a week or 2 extension. They refused and said that when it come back as NSF they would turn it over to collections. I plan on going to the bank and putting a stop payment on this and preventing it from going through. I will pay them just can't do it right now. Can they refuse to work with me on this and why in gods name would they?
Since the Think Cash loan is actually backed by the First Bank o
Since the Think Cash loan is actually backed by the First Bank of DE, they don't actually need to be licensed. Federal Law allows FDIC insured banks to import their home state's license and laws when doing business in other states. So they are 100% legal.
Check n Go's installment loans are also backed by the First Bank of DE. It's the same situation as above. The reason they won't work with you is because since these loans are "high risk" to begin with, they get very aggressive when you don't pay on time. They can take steps to collect, including suing you, so I'd recommend you try to set up a budget so that you can make the payment every month. And if at all possible, pay extra. You need to get out from under this loan as soon as possible.
