Thinkcash.com question

Date: Mon, 01/28/2008 - 16:41

Submitted by dave79
on Mon, 01/28/2008 - 16:41

Posts: 6 Credits: [Donate]

Total Replies: 3

I've recently sent a letter to them offering a settlement and they denied it. I just offered to pay the principal balance and they said they couldn't adjust the loan agreement. Should I wait it out and try again? How do I find out if they are licensed to borrow in MN?

you can check the license data base here to see if they are lice

you can check the license data base here to see if they are licensed.Never talk to a pdl before closing your account. They will no go in and take everything. Please protect yourself.

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

lrhall41

Submitted by kashzan on Tue, 01/29/2008 - 05:22

( Posts: 5401 | Credits: )

Thinkcash is not a PDL.....its an installment loan backed by the

Thinkcash is not a PDL.....its an installment loan backed by the First Bank of DE.

lrhall41

Submitted by volleyballmom on Tue, 01/29/2008 - 06:42

( Posts: 4143 | Credits: )

Volley is correct. Federal Law expempts them from state licensi

Volley is correct. Federal Law expempts them from state licensing requirements since the actual lender is an FDIC insured bank.

They aren't going to just go away . . . . . Your best bet is to try to pay them off as fast as possible to avoid paying any extra interest.

lrhall41

Submitted by goudah2424 on Tue, 01/29/2008 - 07:09

( Posts: 7935 | Credits: )