Desperate for PDL help in Oregon
Date: Mon, 03/16/2009 - 08:41
Here is the list of my lenders which are all internet based:
Huskhawk Group - $300 paid $180
One Click Cash - $300 paid $90
PayDay Yes - $500 paid $150
Loan Point USA - $500 paid $75
Arrowhead Investments - $300 paid $90
Instant Cash USA - $300 paid $90
United Cash Loans - $300 paid $90
Lazer Lending - $300 paid $90
AmeriLoan $300 paid $90
SDS Processing $250 paid $75
EZ Cash Media - $300 paid $90
Jet Lending $300 paid $90
Red River $300 paid 90
HELP!!
Just by glancing at your list over 85% off your loans are ILLEGA
Just by glancing at your list over 85% off your loans are ILLEGAL. The first thing you need to do is secure your bank account and stop the finance and additional rollover fees. Your state only allows 2 rollovers. Please read below.
Please read this thread below:
http://www.debtconsolidationcare.com/paydayloan/close-account.html
Your state laws:
Quote:
Oregon State Information Legal Status: Legal Citation: 54 Or. Rev. Stat. Ann. ?? 725.600 et seq. Loan Terms: Maximum Loan Amount: Not Specified Loan Term: Min. 31 days Maximum Finance Rate and Fees: 36% APR interest, $10/$100 fee up to $30 Finance Charge for 14-day $100 loan: $13 for 31 day loan APR for 14-day $100 loan: 156% APR for 31 day loan Debt Limits: Maximum Number of Outstanding Loans at One Time: One Rollovers Permitted: Two (renewals) Cooling-off Period: 7 days after prior loan expires Repayment Plan: Collection Limits: Collection Fees: One $20 NSF fee + additional bank charges Criminal Action: Not Specified Where to Complain, Get Information: Regulator: Oregon Department of Consumer & Business Services Address: Division of Finance & Corporate Securities, 350 Winter St. NE, Rm. 410 Salem OR 97301 Phone: (503) 378-4140 Fax: (503) 947-7862 Regulatory Contact: Charles Donald,, Supervising Examiner, Non-depository Programs |
Great, I will go into the bank today. I went to the Oregon CFA
Great, I will go into the bank today. I went to the Oregon CFA website and tried to look up the lenders on the licensee Datebase...if they don't come up do you think it is safe to assume they are opperating illegally? If they are, then should I send them a letter, email or call them once I know my account is secure. If I can just pay the principle this will help me out, but I will still have to make it in payments...Is there a way to make sure they don't start calling my references and harrassing them?
Securing your bank account is always the first step. If you wan
Securing your bank account is always the first step. If you want to double check yourself call your Department of Financial Institutions and ask about your lenders. Also check your loan docs, they could be lending under a different dba.
Great advice kfstaff24. Make sure you verify their legality with
Great advice kfstaff24. Make sure you verify their legality with your state DFI. Oregan requires the PDL to be licensed in oregan to be LEGAL. Read below:
http://www.debtconsolidationcare.com/paydayloan/internet-lending-in-50states.html
Zoe, You have only paid the fee on these once with the except
Zoe,
You have only paid the fee on these once with the exception of the first one and you have paid them twice. Do you still have any of the money that you borrowed 2 or 3 weeks ago to pay them back the principal? If my figures are correct, you borrowed almost $4000 approximately 3 weeks ago. If you have any of those funds still, I would contact your legal lenders and pay them back first, then work with your illegal lenders.
Honestly, this looks funny...
Call it stupidly..I needed the funds to get me out of a disastro
Call it stupidly..I needed the funds to get me out of a disastrous situation and did not think through the ramifications, I was in desperation mode. To my defense though, only 8 of the lenders even contacted me, the rest were just deposited the day after I applied.