payday one/payday ok/think cash

THink cash I believe to be an installment loan and therefore legal

They may be legal but, they are still affiliated with the paydayone/payday ok group of companies. I'm looking for information from people that have had success with dealing with them.

You can fight the pdl's but regardless if think cash is affiliated with them or not, if it is an installment loan, you have to pay according to their terms. Installment loans are 100% legal and they can take you to court

Has anyone has success with dealing with them in a PDL capacity (Not an installment loan type)?

I am trying to tell you I had Think cash and could not fight it. The others ore not legal and yes there has been success by many members. Think cash however can not be fought.

I'm just trying to find out exactly what process let to success with them.

from what i understand paydayone is licensed in the states they lend money in. i also know they have a more leinient epp versus other pdl. they will do a 5 epp, others will only do 3 or 4. i dont know about payday ok and think cash. but payday one you just have to make arrangments and pay them back.

Payday one is NOT licensed in all states that they lend in!!! I personally live in one of the states that says ALL INERNET PAYDAY LOANS ARE ILLEGAL!! But, I have a pdl with Payday One that I am trying to get resolved.

what state are you in, so we can post the laws

If pdl's are not legal in your state all you are obligated to repay is the principle amount borrowed

i live in a state where they are not legal. I had 15 and now have none

I am in Kentucky. Here is what the department of Financial Insititutions says on their website:
What is a payday loan?
A payday loan, also called a deferred deposit, is issued when a financial institution (a payday lender or check casher) agrees to provide cash in the amount of the customer???s next expected payroll check for a fee. These short-term loans are required by state law to be paid in full before another one can be issued, and customers may only have one payday loan at a time. Internet payday lenders are not regulated in the state of Kentucky and are therefore illegal.

I know that my loan with PayDay One is not a legal debt and I owe only the principal. I have overpaid by over 1100 and am trying to get them to give me a PIF and preferably also a refund. I am not having luck getting this accomplished. I am hoping that someone who has had success with payday One (Or one of their other affiliated companies, i.e. payday ok) could share with me how they were able to have success.

Have you been in contact with KY DFI? Do you have any e-mails saved from them stating that Payday One is not licensed to lend in KY? If you do, you can write them again, and give them a copy of the e-mails from DFI. If not, I'd contact them and find out for sure just to have a paper trail. Then I suggest to file a complaint with KY DFI and States AG.

if you go to their website and click on payment schedules and licensing it says they are licesed in 32 states and list all the states they are licensed in, in fact kentucky is on that list. dont shoot the messenger i'm just telling you what i am seeing. have you tried calling them and asking them what they will do to help you?

Yup, bastroops is right.. and their site was last updated in 2009 according to the thing down at the bottom. Here's the direct link:
paydayone.com/loan-cost-and-terms.aspx

Your loan with Payday one is legal
ntucky State Information

Legal Status: Legal (Applies to check cashers only)

Citation:
Kentucky Rev. Stat. Ann. ?? 286.9.010 et seq.

Loan Terms:
Maximum Loan Amount: $500
Loan Term: 14-60 days
Maximum Finance Rate and Fees: $15 per $100
Finance Charge for 14-day $100 loan: $17.65
apr for 14-day $100 loan: 459%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Two ($500 aggregate loans outstanding to all licensees)
Rollovers Permitted: None (cannot renew, rollover, or consolidate)
Cooling-off Period: None
Repayment Plan:

Collection Limits:
Collection Fees: One NSF fee (if disclosed)
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Kentucky Office of Financial Institutions
Address: 1025 Capital Center Drive, Suite 200 Frankfort KY 40601
Phone: (800) 223-2579
Fax: (502) 573-8787
Regulatory Contact: Gary Davis,, Branch Manager
Regulator Website

Licensee Database

Complaint Instructions

Complaint Form Link

Online Resources

If the pay day one you are talking about is a store front they are 100% legal, can and will sue for the money. If it is the internet payday one they are licensed in KY and therefore are also legal

Where do you get your information that they are licensed to be an internet payday lender in KY? The laws listed above specifically state that they are for "CHECK CASHERS ONLY". As I copied and pasted above directly from the KY DFI website....
Internet payday lenders are not regulated in the state of Kentucky and are therefore illegal.

It says that internet payday lenders are ILLEGAL in KY.

It also says that rollovers are not legal....and payday one allows 4 rollovers.

Guest is right, the above posted is for Store fronts only. Susan's best bet if she hasn't already is to contact DFI to be absolutly sure, they are 100% Illegal. They will let her know, and what the best course.

That being said. I did e-mail DFI myself asking if Payday One was legal in KY And they responded "We do not have a licensee by the name of Payday One". Any questions feel free to contact me.

I have a follow up question as to what a payday lender needs to be licensed in the state of KY.. stay tuned. Susan if you feel that they are not licensed I'd contact DFI, if you haven't already.

I also forwarded DFI the link stating that they are licensed in the state of KY. I just got an out of office reply so the person who responded won't get back to me till tomorrow.