how do I find out if the companies are legal

I was wondering the same thing. I live in Indiana.

No problem! I would go to your state gvt website and check business licenses. For example, in California you would go to the Dept of Corporations where they have a place to pop in the name of the business to do a search, and it will tell you whether it has a legal license in your state or not.
Now one thing to be aware of: several PDL's might be under the same corporate umbrella, but have different DBA's (stands for "Doing Business As",) which is a legal name. In these cases, the license might be under the owner's name. For example, Heathmill in Britain runs Cash Today and several other PDL's. This is something to look out for--and is like doing a giant puzzle.

Just a quick note (hopefully a helpful one!)

If you go to paydayloaninfo.org, click on "state info" and then click on your state on the map that comes up, it will bring up your state's payday loan law, along with links to the governmental agency for your state that controls payday lenders - and a link to the licensee database for your state.

Definitely check under all possible DBA's, as mentioned by kscornell above - the internet PDL's are famous for operating under several different company names. Do a search of any known company names on our website here, and you may come up with the other DBA's the company uses. Over time, we've been able to link many of the company names together.

I have looked on your website and on the database for my state NE and have not been able to find that they are licensed in NE.. Please let me know what me next step should be. Thanks so much

jmadma, which companies are you looking for?

1 Arrowhead Invest Online payday loan $390.00
2 AMCASH FUNDING Online payday loan $650.00
3 Northway Credit CREDIT Online payday loan 381.00
4 GFSIL LOAN Online payday loan $250.00
5 AMBASSADOR FUNDING Online payday loan $520.00
6 Payday Cash Link 8004747759 Online payday loan $520.00
7 800 420 8023 PDAYSERVC Online payday loan % $625.00
8 866 348 6200 NETCASHUSA Online payday loan % $650.00
payday loan % $ $375.00

We can check for you. However, I believe the reason you are not finding them in your state licensee database is because they are not licensed to lend to you. I know off the top of my head that Northway is not, GFSIL is not, don't believe Arrowhead is, don't believe Ambassador is. NetCashUSA - I don't think is - not positive. I've never heard of Amcash Funding. The Pay Day Cash Link and the 800-420-8023 Pdayservc - is that PayDay Service? I honestly don't think any of them are licensed in your state. I'm just afraid that Amcash may be using a different name and the 800-420-8023 PDayServc may be using a different name.

yes PDayServc is payday service. Amcash is American Cash Consumer. so for all of the ones that are not legal what now. What are my next steps. Please note I also have a blog named closed my account, For which I have closed my bank account with the advise of my bank account manager. I just want to be sure that I am doing the right thing.

In Nebraska there aren't criminal charges for closing an account or stopping payment. The only ones to really worry about are the legal companies. They could take civil action against you, but as long as you are communicating with them and making payments you will be fine.

The illegal companies can't do anything, since they are operating illegally in the first place.

With the account closed, you have done the first step! Congrats! You are doing the right thing if your goal is regaining control of your finances.

jmadma, your account is closed. Great! As goudah said, this is the first & correct step when dealing with the illegal pdls. Take care of your storefronts. Don't screw them or you could get into trouble. As for your illegal pdls, we do have a letter that we can send to each pdl advising them of their illegal nature, your state law, etc.... If you would like assistance in getting these letters to your pdls, let me know. Also, we need to file some complaints with the agencies. Just post & we can help you with all this.

I would gladly appreciate your assistance in getting help with the illgal pdls. Please advise as to what to do next. Thanks so much and God Bless.

Once your account is closed and protected, you will need to send them letters stating your state's laws, and either demand that they mark the loan paid in full, or set up a payment plan (depending on if you still owe or not).

Should these letters be certified. But Cannr stated above "As for your illegal pdls, we do have a letter that we can send to each pdl advising them of their illegal nature, your state law, etc.... If you would like assistance in getting these letters to your pdls, let me know. Also, we need to file some complaints with the agencies. Just post & we can help you with all this. " Is there in fact something that you can do to help. or do I need to follow through with this on my own by getting the letter from you and send them out myself Just needing some advise. Thanks so much

you need to send the letters out yourself. there is a sample letter we can Pm you that you can use. Just doctor it up to fit your needs. If you want the letter just ask, and we can pm it to you.

yes I would love this letter and Please advise if I need to send these certified.

I will pm you the letter. To get it, go to the side of the screen under the word chat. It will tell you if you have a message. Ckick on the link to open.

I just sent it. Let me know if you got it.

Yes I got it Thanks so much for your help I have to get to work now But will work on this tonight when I get home Thanks for your help. I really helps to know someone is out there that knows more about this then I ..

well. We all learn as we go along. When I started this process, I was lost, scared and confused. Thanks to this site and its members, I learned how to deal with all of this. If you need anything just ask. Someone will be along that can help you.

I have a withdrawl on my bank statement for CAN. I assume it is a payday lender, but don't know which one?

CAN is Cash Advance Network