Cash n Minutes in Texas

I would be happy to post the laws Of Texas, but we will need more info from you in order to help you. Here are the laws for Texas. Meanwhile, if you put the name of the PDL company in the upper right hand corner search box, you will come up with many posts by other members, pertaining to them. :)

Texas State Information

Legal Status: Legal

Citation:
7 Tex. Admin. Code ???? 1.605; Tex. Fin. Code Ann. ???????? 342.251 et seq. and 342.601 et seq.

Loan Terms:
Maximum Loan Amount:
Loan Term: 7-31 days
Maximum Finance Rate and Fees: $10 per loan + 48% annual interest
Finance Charge for 14-day $100 loan: $12
apr for 14-day $100 loan: 309%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified ($500 aggregate loans outstanding to all licensees)
Rollovers Permitted: None (if renewal charge is less than maximum interest rate permitted; otherwise convert to declining balance installment note)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: Not Specified
Criminal Action: Not Specified

Where to Complain, Get Information:
Regulator: Texas Office of Consumer Credit Commissioner
Address: 2601 N. Lamar Blvd. Austin TX 78705
Phone: (512) 936-7600
Fax: (512) 936-7610
Regulatory Contact: ,
Regulator Website

Please remember that a lot of pdls in Texas operate as cso so they can somehow skirt the pdl laws.

Well thanks for jumping in on that one Kash, I completely forgot.

No problem. I forget that myself sometimes.

So far, the information I am finding on this company doesn't look very favorable, but I am not totally sure if they are or aren't licensed, and as Kash said, whether they are cso or not, so I will let someone with more knowledge about this company jump in here and help you out. Good luck!

I was one day late on a $150.00 loan and a company called Litigation and Theft arbitration called me an Allen Parker claims to be an investigator he first told me that I owed them $1300.00 but then put me on hold and talked to the company and now he says if I don't pay then $540.00 that they are going to file charges on me that they have an affadavit from the company. They have already been paid $66.00 and the next debit my bank froze my account and closed it. These were not my actions. I have yet to hear from Cash n Minutes. I have asked for their physical address and they do not respond. He has called my references and told them I am being investigated and for me to call him. Please help