Need help in Ohio 4 online pdls

Here are the Ohio laws (just select your state).I believe Ohio is another state that allows internet payday lending as long as they are licensed and following the laws of the state they are in. You will have to check each one. Welcome to our forum!!

http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

I know that US Fast Cash is not licensed anywhere.....not sure about the rest but I am sure that someone will come along that can give you that info.

How much did you take out and how much total have you paid back so far?

SSM is illegal also. It is an overseas company.

SSM Loan 300+90=390 paid 270
Instant Loans Now 200+60=260 paid 240
Crown Lending Inc 200+60=260. paid 120
USFastCash 150+45=195. paid 135

OK...I searched out posts and found this:
Crown Lending Inc.
aka CCMI
55 Frederick Street
cb 13039 Nassau Bahamas

So I will also assume they are not licensed any where in the states. 3 down 1 to go!

OK...from what I am able to read...Instant Loans Now is licensed as WhiteSands Ventures LLC. So this may be your only legal one. You will have to call and make arrangements with them.

Have you defaulted on these yet?? Your next step would usually be to close your bank account and open in another bank. Please do not give that info to anyone. The ones that are not legal..you would morally owe the principle and possibly the original interest of one payment as roll overs are not allowed unless the pdl is legal. Please read the following:

http://www.debtconsolidationcare.com/paydayloan/close-account.html

Then please post any other questions.

HI everyone, I hope no one cares if I jump in here...White Sands Ventures is not licensed in Ohio and neither is Instant Loans Now. With Ohio, internet pdls have to be licensed in Ohio. So all of them are not going to be licensed. :D

Morningstar, I have not defaulted yet. I just made payments to all 4 today and the next payment will be due 12/07. It seems kind of scary to close bank account.

It is scary, but it is the only way for you to gain control of your money. we have all been throgh ot, and although it is a pain, in the long run ,it is worth the trouble.Please close your account if you can.

bj, I know it is scary..I waited for four weeks and lost alot of money. You need to do it, it is the only way to stop the pdls from debiting. They will do whatever they can to get their money including send through paper checks, use different names...whatever they can come up with. You have overpaid Instant Loans Now and the other three are close to being paid.

Thank you Roxy. So what does this all mean. I live in Ohio and an internet payday loan is illegal? What should I say if I contact them that I will repay only what was loaned to me. It is costing me 250. every 2 weeks to pay interest.

Please do not tell them anything until your account is closed and your money is safe. If you do tell them anything, they will go in to your account and take everything. These people are relentless.

bj, kash and roxy are right. Please listen to what they are telling you. None of your internet loans are going to be licensed/legal in your state. You have already overpaid one; however, they will continue to debit your account for an ungodly amount of money. The others you hardly owe any money towards the principle balance; however, they will also continue to hit your bank account and debit. You will need to close your bank account now. Do not contact these pdls until your account is "safe". As kash stated, once they know you are even THINKING of not paying them a million dollars, they will hit your account. I'm going to post something by goudah regarding closing your bank account for you to read. If you have any questions, please just ask!

bj, kash is right. Close your account before you say anyhting. Once you tell them they will try to debit all of what you owe at one time. Once you close your account you will write letters telling them you will pay back what you borrowed, we will help you with all that....Just please take care of your account.

okay thank you, I will do first thing monday morning

bj, once you take care of that, we will work on letters to the pdls. I hated to close my account becuase I had it forever but unfortuantely it is the only way to stop them.

good morning group. thanks for your help. my computer has been down all weekend so i am back online again.

welcome back. We are here if you need anything.