7 loans in Illinois. HELP!!

Legal status of Payday loans in Illinois is: -

Quote:

Hiya kmkuebler, yup, you're right, you overpaid the two you mentioned, for sure. You're on the right track already, good for you!! Just hang in there, stand firm, and stay educated on your rights and you will do a fine job tackling these debts. My advice would be not to converse with these pdl's any other way but in writing. I know it's hard sometimes when they call and call, and threaten the life out of you, but I honestly feel that by NOT giving them anyone to argue with they will eventually GET IT. Don't stoop to their level by arguing with them via phone. Try to negotiate a solution in writing and don't over extend yourself when doing so. :wink:

Thanks! Do you know if each of these loans is illegal?? I know from researching this site that the loan shop, usfastcash and ameriloan are, but what about discount advances and zip19?

zip19 is as well.don't know about the last one though.i suspect it isn't,but i'm not sure.

how hellish can i expect ameriloan and usfastcash to be? :(

be prepared,they will call with all kinds of foolishness.they will claim that you wrote a bad check,they are legal because it is an internet loan,you must abide by there state laws,and they will call your work to do it.nothing they say will be true and despite your repeated demands will still call your work.just know they are illegal as all get.none of what they say will have a speck of truth to it,but they will be a pain in the backside.

I am dealing with usfastcash, and they are being so quiet it's scary. I was contacted a couple times from them at work, and then nothing.... unless they are one of the million unknown calls I get that I don't answer adn there's no message. They're gunna try something slick here soon, I can feel it.

yea i think i am just afraid that they will contact my employer. but i already told them i had to stop my direct deposit do to fraudulent activity on the account so if the calls start im just hoping they will be understanding (plus i gave them my personal work extension so that should help, right??)

KM, I told my employer the same and used my work extension as well. It worked ok. I used to answer for myslef and tell them I was fired. They continued to bombard my cell but I added all the #'s to my phonebook and gave them a silent ring tone.

Always remember, first and foremost in IL, they MUST be licensed by the state of IL to do business here, and they MUST follow IL law.

They will call you talking about how you agreed that the transaction took place in their state or country, and that you need to follow their local licensing, but this is NOT true.

Try to record the calls if you can, and file complaints with the IL Attorney General's office, the FTC, and the BBB.

Thanks. I won't default on any of the loans until Friday so I'm just trying to beef myself up before then haha. Thanks for your help :D

sorry, wasn't logged in, but it was me!

I'm dealing with USfastCash as well and like you, lauramw71, I haven't heard from them. They called me a few times on my cell phone but that's it. I've also gotten a new number since then. I updated my contact information with them before I defaulted and I put my second cell phone as my work number so they wouldn't call my actual work number. I've emailed them but I haven't gotten anything back.

Where would I send a cease & desist letter to get them to stop calling my employer?

You would send it to the PDL company by fax, email, or USPS.