PadDay Loan Hell
Date: Mon, 11/26/2007 - 11:28
Is it true in Florida that you cannot have more than 1 payday loan open at a time ?
I will post the Payday loan laws for Florida here (just select y
I will post the Payday loan laws for Florida here (just select your state), We can help you here.Who are your loans with, how much have you borrowed from each, how much have you paid back to each? Add fees and principle to get one total for each lender. Are these store front or internet?
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html
Pay Day Loan Hell Part 2
Arrowhead Investments $300
Cash NetUSA is now up to $630.00
Loanshop $200.00 ...they keep changing names on my bank statement taking different amounts.
These were all internet based.
I have paid about $ 490.00 to Arrow head. $200 to Cashnet $250
I have paid about $ 490.00 to Arrow head.
$200 to Cashnet
$250 to Loan Shop....and they keep drafting and drafting.
At this point, I do not think that any of yiur loans are ligal.
At this point, I do not think that any of yiur loans are ligal. Please read the sticky regarding closing your checking account. You will need to close your account asap to prevent them from getting amy more money. If you can not close your account you must have a hard block put on it. Go to the branch and speak directly to the manager. we will walk you thru this step by step
Cashnet operates as a CSO in Florida. It operates as a Credit S
Cashnet operates as a CSO in Florida. It operates as a Credit Service Organization and is not subject to the laws stated above.
Roxy is correct. Cash Net USA is a CSO in Florida. Federal law
Roxy is correct. Cash Net USA is a CSO in Florida. Federal law allows CSO's to charge a fee, and that fee cannot be considered interest. In Florida, Cash Net USA charges a $25 per $100 borrowed fee, and then 18% interest on all of that. They are perfectly within the law to do so . . . . . Even though it's total crap that the law lets them get away with this.
