How do I verify if a pdl is licensed?

What pdl is it, and what state are you in?

Shazzers can assist you if you provide the necessary information that she is requesting.

Actually it is embarrassing to say but I have over 10 payday loans. Only three are store front and all the rest are internet. I reside in the state of Texas. I had to turn to payday loans when my husband lost his job, family and friends are having a tough time. Even though he searched deligently he didn't receive a new one until two months later (lower pay). I found myself getting a new loan to repay something on the old one plus something on the current bills. It's sad to say we are still behind on most of the bills plus an overwhelming payday loan debt.
These are the loan companies: Ace Cash Express, Cash Banc, Cash First, LLC (Impact), Green Light Funding, Paycheck Today, Payday Loan Yes.com, Loan Shop - ltsmanagement.com, Cash Advance Network (CAN), OMG - Oasis1 Management Group, Prestige Management Group, Zip19.com (they are ruthless), 4moneyandmore.com, ChecknGo, OneStepCash, CashBack, Worldwidecash.com, DiscountAdvances, Cash-Advance.us and finally We Offer Cash
I told you it's embarrashing. :( Please help.

Please don't feel embarrassed, no one is here to judge you, only help you. If you would please post the amount you paid, and the amount you borrowed, then we can plan a course of action for you. Texas laws are somewhat difficult to figure out, as there are companies that appear to be a payday loan company when in fact they are a CSO (Credit Service Organization). The problem with those are, they do not need to be licensed, and are generally 100% legal in what they charge. Therefore, the pdl laws do not apply to them. :? So please make sure you are correct when you say they are payday loans, and NOT CSO's, that is very important in determining a course of action for you. I wll post your pdl laws shortly. :D

Quote:

Texas requires internet based pdl's to be licensed by that state. So, if any of these pdl's you owe, are not licensed in Texas, they are illegally lending money to Texas residents. I can tell you thatGreen Light Funding, Paycheck Today, Payday Loan Yes.com , and Zip19.com are NOT legal, those I know for sure. The other ones will require some research, which can actually be done (for the most part) right here on this site. What I might suggest is, for you to type in the name of the pdl into the search box in the upper right hand corner of this forum, then read the topics that come up to see if they are legal. That's a start. :)

Ace Cash Express, Legal CSO
Cash Banc,
Cash First,
LLC (Impact),
Green Light Funding,
Paycheck Today,
Payday Loan Yes.com,
Loan Shop - ltsmanagement.com,
Cash Advance Network (CAN),
OMG - Oasis1 Management Group,
Prestige Management Group,
Zip19.com (they are ruthless),
4moneyandmore.com,
ChecknGo, Legal CSO
OneStepCash,
CashBack,
Worldwidecash.com,
DiscountAdvances,
Cash-Advance.us
We Offer Cash

The other's may or may not be CSO's . . . . Most likely not, but you say you have 3 storefronts, so at least one more of those companies is totally legal and legit, if not more.

Here is my long list of stress - please help, I need all the advice I can get to climb out of this pit. :(
Ace Cash Express - (they might be CSO I'm not sure) $1,003.38 - nothing has been paid due to paying of the others
Cash Banc - $450 + $81 Fin = $531 + addl fees = $870 (Paid - 5/15-$81; 6/15-$40; 7/17-$50
Cash First LLC (Impact) $390 including Finance - Paid 4/30-$90; 5/15-$90; 5/30-$20; 7/18-$50 New balance is $280
Green Light Funding - $195.00 includes Fin - Paid 5/30-$70; 6/16-$37.50; 6/30-$37.50; 7-18-$55; 7-31-$47.50 New Balance $50
Paycheck Today- $390 - 4/30-90;5/15-90; 5/30-90; 6/15-60; 6/30-$60 - 7/15-$88; 7/31-$92 Balance $90 will be paid in full
Payday Loan Yes.com $455 - 4/30-$105; 5/15-$105; 5/30-$105; 6/15-$105 - New Balance $240 Payment Arrangements sset up-- 7/25-$35
Loan Shop-- 4/30-$90; 5/15-$90; 5/30-$30; 6/15-$40; 7/15-$75 Balance still is $245 (I think I overpaid them especially if they are not licensed)
Cash Advance Network - $390- 6-13-$25 - New Balance- $260 setting up payment arrangements
OMG- Oasis1 Marketing Group- $390-6/16-$50; New Balance - $300 - arrangements set up for $50 twice a month til paid off
Prestige Management Group (Vince Enterprise)-$390- 7/23-$50 - arrangements set up $50 once a month til paid in full
Zip19.com- new loan - $701.94 they prefer to be paid in full on 8/15/08 will not allow payments
4moneyandmore - $300- not paid on due to paying everyone else and regular bills
ChecknGo- $985 - Need to set up payment arrangements
OneStepCash- $390- Asking for $30 twice a month until paid in full
Cash Back- $390- + Addl Feel = $480; 8/01-$50 - Asking for $50 twice a month until paid in full
DiscountAdvances.com - $324.00 - New loan so I plan to reloan with them
We Offer Cash is faily new so I will reloan with them- $275
Cash-Advance.us is also new will reloan $390

Which one is the other storefront?

I totally forgot -- the other store front is No Wait Cash Advance. Thank you for your help goudah2424 and thank you Shazzers I sincerely appreciate it. :)

I dont' think that any of the internet ones are legal . . . . But - I have not checked. Just going by what i know.

Okay, I will do a search on them on this website. If they are not legal in Texas what can I do? Does that mean I am only obligated to pay just the principle?

For companies operating in Texas, you must check for both a pdl license and a CSO registration.

Where do I go to check for the pdl license and CSO registration?

For CSO Registration:

https://direct.sos.state.tx.us/cso/csosearch.asp

For pdl licenses:

http://168.39.159.59/default.asp

But remember, keep your searches broad. Searching for the exact company name can overlook the actual license.

For example:

Payday One is registered as PDO Financial dba Payday One. So if you search for Payday One you will not find the registration, when one does exist.

Thank you goudah2424 for all of your help. I actually called the Texas OCCC and she told me that internet payday loans do not have to be licensed in the state of Texas and that I must pay the loan plus the finance charge. She advised me to work out a payment plan with them. So that's my plan now is to work one out with everyone. I have plans in placed with some companies already I just need to arrange one with the new loans.

Can anyone confirm this info? I've been reading all along that TX iPDLs have to be licensed in TX but, according to the TXOCCC, they don't?! I'm just hoping whoever she spoke to isn't familiar with PDL laws!

That's me ^ Thought I was logged in!

Can anyone guide to to the site to look up to see if pdl's I have are actually licensed in florida. I have tried but cant seem to find where to look. thanks

I live in nc and was wondering the same. How do i find out if they are licensed?

I live in nc and was wondering the same. How do i find out if they are licensed?