Really struggling with PDL's please help
Date: Mon, 10/13/2008 - 17:21
Integrity Advance - $500/paid 650 yes and still owe 450!
Cashnet usa - $900 - Paid $0
Cashadvance.com - 400 - paid $0
Cash Central.com - $300 - paid $75
Geneva Roth - $500 - paid $450
Can I close my bank account? What do I need to do to cancel all these ACH withdrawals? What will happen if I close my account? What do I need to send these companies and how do I do that so they don't call me at work daily?
If anyone can give me any insight into this that would be great! I really don't know what else to do...
I dont have enough experience to help you but hopefully someone
I dont have enough experience to help you but hopefully someone will be along soon to answer your questions. It is hard living in PDL world, I wish you the best of luck getting things resolved.
Minnesota allows an Internet based payday loan company to lend l
Minnesota allows an Internet based payday loan company to lend legally as long as it is licensed in any US State. They would need to follow the laws of the state they are licensed out of, not the state the consumer is in. Therefore, you will need to make payment arrangements with your legal lenders. Cashnetusa is usually licensed to lend, you will need to make payment arrangements with them. I'm not sure about the rest, I will need to do some checking on them and get back to you on it.
Quote:
Minnesota State Information Legal Status: Legal Citation: Minn. Stat. ???? 47.60 et seq. Loan Terms: Maximum Loan Amount: $350 Loan Term: Max: 30 days Maximum Finance Rate and Fees: $5.50: $0-$50; 10%+$5: $51-$100; 7% (min. $10) + $5: $101-$250; 6% (min. $17.50) + $5: $251-$350 (After default: 2.75% per month) 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: Not Specified Rollovers Permitted: None (cannot repay with proceeds of another loan by same lender) Cooling-off Period: Repayment Plan: Collection Limits: Collection Fees: $30 NSF fee Criminal Action: Where to Complain, Get Information: Regulator: Minnesota Department of Commerce Address: Division of Financial Examinations, 85 7th Place East, Suite 500 St. Paul MN 55101 Phone: (651) 296-2135 Fax: (651) 296-8591 |
Cashadvance- based on some of the posts I have read at this foru
Cashadvance- based on some of the posts I have read at this forum, it looks like they might be unlicensed/illegal, I am not 100% sure of this, so hopefully someone else will have some information about them. Keep checking back.
Cash Central -is licensed in many states, you will need to review your loan documents to find out what state they used when they issued you the loan, those will be the state laws you will need to follow as far as the interest rate.
Geneva Roth - I'm not certain if they are licensed or not, IF they are it's probably in Kansas because that's where their address is.
Geneva Roth Ventures Fax #
(913)825-1200 Ext. 225 - Main
(913)825-1208- Fax
Geneva Roth Ventures Inc
1923 Foxridge Dr
Kansas City, KS 66106
Local (913) 825-1200
Help
Help I go my self into some trouble. I live in Minnesota and know i am not going to be able to make my payments I am going to call them and setup aragments. I have not made any payments yet but do you know if any of these companys are good with working with you or not. I also want to send them payments. are they good with that to or do most not let you send them payments??
the loans are
DJR for 195
JD marking group 200
loan point usa 500
summitt group 200
cash centeral 300
Help please
I see you are from Minnesota and have listed the names of the co
I see you are from Minnesota and have listed the names of the companies you borrowed from and the amounts. Please also list how much you have paid back so far. Just from looking at your list I can tell you Cash Central is legal and you will need to make payment arrangements with them. The others will need researching. Have you checked your states data base to see if any of these are licensed in your state to lend?
I do not show any of those names listed on the Minnesota license
I do not show any of those names listed on the Minnesota license database. Not even Cash Central. I also don't see them listed as a CSO.
I think they might all be unlicensed/illegal.
Minnesota Licenses As Cash Central does not have an office in
Minnesota Licenses
As Cash Central does not have an office in Minnesota, we are not required to obtain a Minnesota license, but we are regulated by the state of Utah.
This is what Cash Central says on their website about Minnesota
Hmmm... From the MN regulator website it states.. Quote:Fi
Hmmm...
From the MN regulator website it states..
Quote:
Financial Services Consumer Small Loan Printable Content Consumer Small Loan Lenders, also known as payday lenders offer small loans up to $350 for short terms of generally less than 30 days. A note is issued but repayment is usually required in the form of a post-dated check. See MS 47.60 These organizations are required to be licensed in Minnesota. Go to Licensing and Compliance for appropriate forms and requirements. |
I looked up Cash Central and did not find them.
CSO's also require a license.
Quote:
Financial Services Credit Service Org Printable Content A Credit Services Organization is a business that, for a fee, offers the following services to consumers: improving the consumer's credit rating or history, obtaining credit for the consumer, or providing credit advice or assistance to the consumer. See. M.S. 332.52 to 332.60. The department licenses these organizations and provides regulatory oversight. For more information about licensing or to see current enforcement actions, go to the Licensing and Compliance section on this web site. |
I did not find them in that database either.
I guess the best thing to do is to call and ask.
E-mailing the department at market.assurance @ state.mn.us
Call the Market Assurance Division of the Department of Commerce at 651-296-2488 or 1-800-657-3602.
I thought Minnesota announced they were changing this policy las
I thought Minnesota announced they were changing this policy last fall. http://paydaypundit.org/2008/09/05/the-minnesota-department-of-commerce-gets-it/
Probably doesn't help if the loans are older than that, but it could make a huge difference for people with more recent ones.
Minnesota Department of Commerce Small Lender Licensee List -
Minnesota Department of Commerce
Small Lender Licensee List - Ordered by City, Name
Last Updated on 12-29-2008
To find the person or company name you want, use Find in the Edit menu of your browser.
Then enter the name (or portion of the name) and then press Enter.
--------------------------------------------------------------------------------
INSTITUTION NAME STREET CITY ST ZIP
????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
PEOPLE'S SMALL LOAN COMPANY DBA PEOPLES SMALL LOAN COMPANY ALEXANDRIA MN 56308
110 5TH AVENUE, SUITE 101
VIKING PAWN INC. 403 BROADWAY ALEXANDRIA MN 56308
BN'T LOAN L.L.C. 1426 BEMIDJI AVENUE NORTH BEMIDJI MN 56601
S&P LOAN CO. 750 PAUL BUNYAN DRIVE NW SUITE 1 BEMIDJI MN 56601
AL'$ CHECK CASHING, LLC 1434 93RD LANE BLAINE MN 55449
SJB ENTERPRISES, INC. DBA YOUR EXCHANGE 10553 UNIVERSITY AVENUE NE BLAINE MN 55434
SJB ENTERPRISES, INC. DBA YOUR EXCHANGE 12000 CENTRAL AVENUE NE BLAINE MN 55434
CASH IT II, INC. 1722 EAST OLD SHAKOPEE ROAD BLOOMINGTON MN 55425
MADISON FINANCIAL COMPANIES DBA MONEY XCHANGE 218 EAST BROADWAY BLOOMINGTON MN 55425
CHECK TREK INC. DBA PEOPLES SMALL LOAN COMPANY 1121 SOUTH 6TH STREET BRAINERD MN 56401
CHECKS R US, INC. 2125 WEST HIGHWAY 13 BURNSVILLE MN 55337
BRIDGE FINANCIAL, INC. 110 MAIN STREET SOUTH CAMBRIDGE MN 55008
CASH AMERICA NET OF MINNESOTA LLC DBA CASHNETUSA 200 WEST JACKSON BLVD SUITE 2400 CHICAGO IL 60606
S&P LOAN CO. 1107 CLOQUET AVENUE CLOQUET MN 55720
CASH CZECHS, INC. DBA KWIK CASH 4639 CENTRAL AVENUE NE COLUMBIA HEIGHTS MN 55421
YOUR EXCHANGE CORPORATION DBA YOUR EXCHANGE 3023 COON RAPIDS BOULEVARD COON RAPIDS MN 55433
CASHWAY CHECKING, LLC 127 WILLOW BEND CRYSTAL MN 55428
CHECK TREK INC. DBA PEOPLE'S SMALL LOAN COMPANY DBA PEOPLE'S SMALL LOAN COMPANY DETROIT LAKES MN 56501
701 HIGHWAY 34, SUITE 1
CHECK TREK INC. DBA PEOPLES SMALL LOAN COMPANY 2304 MOUNTAIN SHADOW DRIVE DULUTH MN 55811
VILLAGE SQUARE MALL
CHECK TREK, INC. DBA PEOPLES SMALL LOAN COMPANY 102 NORTH CASCADE STREET FERGUS FALLS MN 56537
PDO FINANCIAL, LLC DBA PAYDAY ONE 4150 INTERNATIONAL PLAZA SUITE 400 FORT WORTH TX 76109
S&P LOAN CO. 2101 HIGHWAY 169 SOUTH, SUITE 5 GRAND RAPIDS MN 55744
S&P LOAN CO. 2400 1ST AVENUE HIBBING MN 55746
DUSTY'S CHECK CASHING, INC. 17400 KENWOOD TRAIL, SUITE 302B LAKEVILLE MN 55044
KEY WEST HOLDINGS OF MINNESOTA LLC DBA DUSTY'S CHEC... 17400 KENWOOD TRAIL SUITE 302B LAKEVILLE MN 55044
LAJA ENTERPRISES, INC. DBA RAPID CASH PLUS 8343 210TH STREET, SUITE 2 LAKEVILLE MN 55044
PEOPLE'S SMALL LOAN COMPANY DBA PEOPLE'S SMALL LOAN COMPANY LITTLE FALLS MN 56345
202 NE FIRST STREET
EZ LOAN INCORPORATED 221 LAKE STREET SO UNIT #101 LONG PRAIRIE MN 56347
BN'T LOAN L.L.C. 206 WEST MAIN STREET LUVERNE MN 56156
CASHWAY CHECKING, LLC 3035 WHITE BEAR AVENUE NORTH MAPLEWOOD MN 55109
EXCEL PAWN, INC. DBA EXCEL PAWN & JEWELRY 1700 RICE STREET MAPLEWOOD MN 55113
BN'T LOAN L.L.C. 405 WEST MAIN STREET MARSHALL MN 56258
BN'T LOAN, L.L.C 200 EAST COLLEGE DRIVE SUITE 108 MARSHALL MN 56258
CASH CZECHS, INC. DBA KWIK CASH 2211 CENTRAL AVENUE NE MINNEAPOLIS MN 55418
EXPRESS PAYDAY LOANS, INC. 108 EAST LAKE STREET MINNEAPOLIS MN 55408
CHECK TREK INC. DBA PEOPLES SMALL LOAN CO. 1208 CENTER AVENUE MOORHEAD MN 56560
GREENBACKS, INC. 819 30TH AVENUE SOUTH SUITE 204 MOORHEAD MN 56560
CASH CENTRAL OF MINNESOTA LLC 84 EAST 2400 NORTH NORTH LOGAN UT 84341
CHECK TREK INC. DBA PEOPLES SMALL LOAN COMPANY 600 NORTH PARK AVENUE PARK RAPIDS MN 56470
BN'T LOAN L.L.C. 200 WEST JAMES STREET PAYNESVILLE MN 56352
BN'T LOAN L.L.C. 530 NORTH BROADWAY PELICAN RAPIDS MN 56572
BN'T LOAN L.L.C. 14556 ARMSTRONG BOULEVARD RAMSEY MN 55303
NATIONAL PAYDAY ADVANTAGE OF MINNESOTA, LLC 1016 7TH STREET NW ROCHESTER MN 55901
NATIONAL PAYDAY ADVANTAGE OF MINNESOTA, LLC 426 3RD AVENUE SE ROCHESTER MN 55904
DRM LLC OF SHAKOPEE DBA EXCEL PAWN & JEWELRY 450 WEST 1ST AVENUE SHAKOPEE MN 55379
SJB ENTERPRISES, INC DBA YOUR EXCHANGE 8097 HIGHWAY 65 NE SPRING LAKE PARK MN 55432
SJB ENTERPRISES, INC. DBA YOUR EXCHANGE 8187 B UNIVERSITY AVENUE SPRING LAKE PARK MN 55432
BENNETT VENTURES, INC. 24 14TH AVENUE NORTHEAST SUITE 300 ST. CLOUD MN 56304
PEOPLE'S SMALL LOAN COMPANY DBA PEOPLE'S SMALL LOAN COMPANY ST. CLOUD MN 56301
3801 3RD STREET NORTH, SUITE 10...
EXCEL PAWN, INC. DBA EXCEL PAWN & JEWELRY 8008 MINNETONKA BOULEVARD ST. LOUIS PARK MN 55426
CHECKS R US, INC. 942 PAYNE AVENUE ST. PAUL MN 55101
EXPRESS PAYDAY LOANS, INC. 785 EAST 7TH STREET ST. PAUL MN 55106
S&P LOAN CO. 421 CHESTNUT VIRGINIA MN 55792
BN'T LOAN L.L.C. 248 MAIN STREET WEST WABASHA MN 55981
ECR PAYDAY LOANS 6838 Y FRONTAGE ROAD WALKER MN 56484
BENNETT VENTURES, INC. 312 24TH AVENUE SW WILLMAR MN 56201
BN'T LOAN L.L.C. 931 3RD AVENUE WINDOM MN 56101-1644
BN'T LOAN L.L.C. 1610 MCMILLIAN WORTHINGTON MN 56187
DJR CORP
Borrowed $200, canceled. Then they re-deposited the money took out $60 every pay check for the last 4 months until I put a stop payment. Then they have been harassing me at work saying I committed internet fraud and I still owe them $286 more. I requested an address so that my attoreny could send them a letter and they refused to give me A CONTACT PERSON OR MAILING ADDRESS. aNY IDEAS ON HOW TO HANDLE THIS. i LIVE IN hAWAII
Rollovers are not permitted in HI. My advice is to close your
Rollovers are not permitted in HI.
My advice is to close your account.
Your loans are not payday loans. Minnesota statutes dictate the
Your loans are not payday loans. Minnesota statutes dictate the loan amount: some responses have addressed this - $350 max, no roll-over, etc.
You have most likely borrowed from a non-depository industrial loan and thrift. They are allowed to charge application fees, cash advance fees, annual fees, etc.
Good luck with your situation, I truly hope the best for you. Always research the lender. I provide payday loans and companies like that give us a bad name.
Quote:Originally Posted by Matthew SatherYour loans are not payd
Quote:
Originally Posted by Matthew Sather Your loans are not payday loans. Minnesota statutes dictate the loan amount: some responses have addressed this - $350 max, no roll-over, etc. You have most likely borrowed from a non-depository industrial loan and thrift. They are allowed to charge application fees, cash advance fees, annual fees, etc. Good luck with your situation, I truly hope the best for you. Always research the lender. I provide payday loans and companies like that give us a bad name. |
sorry matt,but alot of internet lenders are pdl's or cash advances.since march of 2009 pdl's or any kind of lender had to be licensed in MN to lend to MN residents.that means that just about all internet pdl's and loans will be illegal.
