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Date: Wed, 05/07/2008 - 15:39

Submitted by mandywebb372
on Wed, 05/07/2008 - 15:39

Posts: 133 Credits: [Donate]

Total Replies: 93


Check this website out. mychoiceohio Basically for the people who want to email and support not banning the pdl's in ohio. If they only knew what problems the pdl causes. Take a look it is funny. They even have a template email all you have to do is fill in your personal info. Unfortunatly they do not do anything for the illegal internet ones but it is a start.


Just saw on the late news this bill is being voted on tomorrow and I only caught the tale end of the story, but it was saying something about CheckSmart and stop issuing loans this evening, but like I say I only heard the tale end, so I'm not sure what's happening, did anyone else in OHIO hear this?


lrhall41

Submitted by lmale on Tue, 05/13/2008 - 20:36

( Posts: 742 | Credits: )


I'm more than a bit offended by PDL supporters saying that if you get in trouble w/ PDL's, you're "irresponsible;" much of the time it's called "- - - - happens!" Say you have a PDL with all intentions of paying it back in full in the allotted time period - in the meantime you have a medical emergency and all of your cash on hand and maybe your next paycheck has to go to cover the emergency, so you extend the PDL. Now, in addition to your regular expenses, you also have the extension fee on the PDL; maybe you take another one out to help pay expenses, and so on... If PDL's are all on the up-and-up, why do so many of their parent companies operate overseas or on Indian reservations in this country so they don't have to abide by State/Federal laws? If they're truly trying to help people, why such horrific interest rates? When people get in trouble and offer to work out payback plans w/ PDL's, why do so many PDL's give these people a hard time rather than try to work with them? "PDL's help people?" Puh-leeze.


lrhall41

Submitted by on Wed, 05/14/2008 - 04:18

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i noted on one of goudah's posts.even if you pay in a timely manner they can't wait to get you to re-loan.whats up with that?


lrhall41

Submitted by paulmergel on Wed, 05/14/2008 - 05:16

( Posts: 15514 | Credits: )


I've seen this coming in ohio for a while, and have been doing my best to pay down my loans (4). The Ohio senate votes today and My bigest fear is that it will pass. And all 4 PDL offices will want their money now. Does anyone know if there is any kind of exit strategy attached to this bill?


lrhall41

Submitted by on Wed, 05/14/2008 - 10:12

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Thanks Toledo Guy.

I called a couple of them up (did not identify myself) here is the scoop they gave me:

I talked to cashland and they say they will continue to loan for a couple more months. They are looking into "Broker Loans" and some other type of income based loan product. They may start up a pawn shop also.

I called Check into cash (they will not loan to new customers). They were wishy washy about loaning to existing customers.


lrhall41

Submitted by on Wed, 05/14/2008 - 12:59

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i dont use them but whats next take our guns away[color=Red][/color]


lrhall41

Submitted by on Wed, 05/14/2008 - 15:36

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YESSSS it passed!!!! Shazzers I have a question. I read the article and it said it will ban internet payday loans. I thought they were already illegal. I wonder if this will help with the cases that I have now. I still have nothing from the AG office and it has been three weeks. I contacted my rep and she said no news yet.

Guest....personally I would not mine the guns going away too. That is just my opinion.


lrhall41

Submitted by mandywebb372 on Wed, 05/14/2008 - 15:54

( Posts: 133 | Credits: )


Imale
Quote:

Shazz, in the article, at the very end it says "Strickland has said he supports the bill, which must still get final House concurrence. What does final "House concurrence" mean?


That just means it's up for a final vote in the house of representatives. And to answer you question mandywebb, I'm pretty sure they were legal [internet pdl loans], interestingly enough though, I was just reading the laws and this is what it states:



Read More About It Here
It makes me wonder, maybe they weren't legal after all. Hey Goudah, enlighten me please?


lrhall41

Submitted by Shazzers on Mon, 05/19/2008 - 17:13

( Posts: 17344 | Credits: )


Now I am totally confused. I have been told this whole time they were illegal in Ohio. I don't ever remember seeing that they had to be licensed in Ohio to be legal. I have checked my other posts and I have been told they were illegal. As far as I know though none of the internets pdls are licensed here but like I said I thought it did not matter. Is this a standard that they have to be licensed in the the state you live in?


lrhall41

Submitted by mandywebb372 on Mon, 05/19/2008 - 17:37

( Posts: 133 | Credits: )


Mandy:


Mandy, if I remember correctly (I could be wrong! lol) the pdl's you had in particular weren't licensed anywhere. Am I remembering that right? Perhaps you assumed we meant they weren't legal in Ohio. Hey, I could be totally wrong here, but I am certain IPDL's can lend in Ohio as long as they have a license SOMEwhere, they just have to follow Ohio's pdl laws.


lrhall41

Submitted by Shazzers on Mon, 05/19/2008 - 17:49

( Posts: 17344 | Credits: )


Well I heard on tne news yesterday that the bill passed the house and is now in the govenors office for his signature. They are reporting that Cashland will be closing as well as Check into Cash. WOO !!!! Having been in payday loan hell for about 8 years and after having finally dug myself out I couldn't be happier.


lrhall41

Submitted by slw531 on Wed, 05/21/2008 - 06:34

( Posts: 55 | Credits: )


Well I heard on tne news yesterday that the bill passed the house and is now in the govenors office for his signature. They are reporting that Cashland will be closing as well as Check into Cash. WOO !!!! Having been in payday loan hell for about 8 years and after having finally dug myself out I couldn't be happier.


lrhall41

Submitted by slw531 on Wed, 05/21/2008 - 06:34

( Posts: 55 | Credits: )


Shazzers....I have looked back at my post and I don't see anywhere that it stated that if they were legal in any other state they were legal in Ohio. It just stated they were illegal in Ohio. Maybe I read that wrong (which could be the case LOL!!!) or it was assumed I understood that but I did not. I don't think that any of my loans have licensed in other states. Can we recheck to make sure?

ameriloan
United Cash loans
ezloansbynet
3bpaydayloans
little loan shop
Loan shop
Magnum Z
Mw Marketing/Edollars


lrhall41

Submitted by mandywebb372 on Wed, 05/21/2008 - 08:22

( Posts: 133 | Credits: )


Ok I guess I miss understood. I have looked at my old posts and did not see anywhere saying they would be legal licensed somewhere. Like I said maybe I should have assumed that but I did not. I thought they were illegal no matter what. I was pretty sure all of mine were illegal but wanted to check once again.

Thanks for you help and clearing things up for me Shazzers.

Guest....are you working with someone in the AG office? If so who and have you gotten anywhere with them at all?


lrhall41

Submitted by mandywebb372 on Wed, 05/21/2008 - 21:36

( Posts: 133 | Credits: )


The only problem with closing down the regulated store fronts is that people still need money and more will go online. To me, thats scarier than the storefronts, at least they are regulated by the state and audited annually. I am glad I am finally done with all of them but I really feel the worst is yet to come for a lot of people.


lrhall41

Submitted by bmblbe69 on Mon, 06/23/2008 - 10:55

( Posts: 84 | Credits: )


I just feel like the bottom line is that people need to learn to live within their means. I have learned to live within my means and have even saved money. What people really need is financial eduation and budgeting smarts. Paydays loans help no one. I truly believe it has hurt more than it has helped. And I agree with bmblbe69 that internet payday loans seem worse and that is the bad thing about the storefronts closing. I fear people will turn to the internet ones when they have no other choice.


lrhall41

Submitted by slw531 on Tue, 06/24/2008 - 05:47

( Posts: 55 | Credits: )


lmale, they are illegal now in a lot of places and people are still getting them. It's only because we found this great site that we even know they were illegal. I don't know what the answer is, I too wish they would all go away, but the store fronts are the lesser of 2 evils. You don't see too many stories on here that deal strictly with storefronts, there are almost always online PDL's involved and I think because they keep charging interest that never goes towards the principle the customers have to default on everyone.


lrhall41

Submitted by bmblbe69 on Tue, 06/24/2008 - 08:24

( Posts: 84 | Credits: )