Online Payday Loans
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well first off welcome.second i suspect none of these will be licensed.i have dealt with ameriloan and they are a handful.you by all accounts are done with them.the others if they are not licensed you are only responsible for the principle
borrowed.that means all supposed fees go toward the principle.
these companies will try to convince you they are legal,and whatever terms they have in there contract you must abide by or there state laws prevail.that is not the case.again welcome and post any other questions,we are here for you.
Here are the FL pdl laws. There are some companies acting as CSO
Here are the FL pdl laws. There are some companies acting as CSO's in the state of FL, and these pdl laws would not apply to them. Do you know if any of these loans you have are CSO's?
Quote:
Florida State Information Legal Status: Legal Citation: Fl. Stat. Ann. ???? 560.401 et seq.; Rule 69V-560.901-912 Loan Terms: Maximum Loan Amount: $500 Loan Term: 7-31 days Maximum Finance Rate and Fees: 10% + verification fee Finance Charge for 14-day $100 loan: $15 apr for 14-day $100 loan: 390% Debt Limits: Maximum Number of Outstanding Loans at One Time: One Rollovers Permitted: None (cannot rollover) Cooling-off Period: 24 hours Repayment Plan: Yes Collection Limits: Collection Fees: All charges imposed on the lender by any financial institution; lender not entitled to treble damages Criminal Action: Prohibited Where to Complain, Get Information: Regulator: Florida Office of Financial Regulation Address: Division of Securities and Finance, 200 E. Gaines Street Tallahassee FL 32399 Phone: (850) 410-9805 Fax: (850) 410-9748 Regulatory Contact: , |
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CSO'S? first texas now florida.i do know that ameriloan is totally illegal.i don't know about the others.
None of your loans are with CSO's (Credit Service Organizations)
None of your loans are with CSO's (Credit Service Organizations).
Think Cash is not a pdl, it's an installment loan, and is legal.
Owe
By looking at my post above, what do you think that I owe?
ameriloan - 0?
ZipCash - 30.00?
MyCash - 23.45?
ThinkCash - ?
Will I be legally bound to pay back ZipCash and MyCash? I sent an email to ThinkCash and told them that I would have to pay them by money order that I had been advised not to give out my personal accounts.
zipcash and my cash now. doubtful. but you should pay the princi
zipcash and my cash now. doubtful. but you should pay the principle, ameriloan is a hand full, but after i sent complaints all over they finally gave in, after months and months, persistance is the key!
C&D Letters
Do you have to send out C&D Letters? Does anyone know if you can renegotiate interest charges with ThinkCash? From what I have seen on this board, that is the only one of my PDL's that I am legally owing money to except for the $30.00 I owe to Zip Cash that is no longer doing business.
No, you don't have to send out C&D letters. Frankly, C&D letter
No, you don't have to send out C&D letters. Frankly, C&D letters only apply to third party creditors, and these are original creditors, so these places don't have to abide by anything the C&D letter says. It could have the opposite affect you are hoping for and make it look to the pdl's like you don't know the law at all. But that's just my opinion, many here swear by sending them. I just don't feel you should try to fight a company using laws, but using the wrong ones.
Return Calls
what if i do not return any of the calls when i get them? ameriloan has called and i just told them i was not available and could not have personal calls at work that and that it would be after 5pm when she would be able to call. they said they were calling from "aml". i think they just tried to get there money from the account i closed. with the fees that i paid them, i don't think i owe them anything and they hit my old account for 320.00!!! do i need to tell them that i know that they are not licensed in the state of fl or just let it go?