internet payday loans in Minnesota
Date: Tue, 04/07/2009 - 09:26
First we need some more information so we can help you. Name
First we need some more information so we can help you.
Name of PDL companies.
Amount borrowed and paid to date.
Whether they internet or storefront loans.
It IS legal, per the EFTA(Electronic Funds Transfer Act).
It IS legal, per the EFTA(Electronic Funds Transfer Act).
united cash loan- borrowed 400 - paid 411 High country- borrowe
united cash loan- borrowed 400 - paid 411
High country- borrowed 300- paid 180
cashnet usa- borrowed 700 - paid 400
ameriloan - borrowed 300- paid 405
Gov emp credit loan 400- paid 380
Eastside lenders- borrowed 700- paid 360
SSM group llc- borrowed 300 - paid 720!!
none of the payments have paid principal and they were all internet companies. I just need closure and need to pay them somehow.
Ameriloan, Eastside, United and SSM are illegal/unlicensed. C
Ameriloan, Eastside, United and SSM are illegal/unlicensed.
CashNet USA is legal.
Not sure about High Country, I never heard of them.
I think Gov Employ is GECC and I would have to look to see if they have a license in MN.
thank you so much! I really appreciate the help. Now, what does
thank you so much! I really appreciate the help. Now, what does it mean for me if they are illegal/unlicensed? And what are the next steps that I should take to repay them but stop the ACH? also.....high country used to be pdl loans? I think. They just changed their name. and gecc is correct.
It means that you most likely should close your bank account.
It means that you most likely should close your bank account.
ACH revocation does not work with the illegal lenders. They don't care and will debit the account anyway.
You can go here and read up on the steps to take when dealing with illegal lenders.
You will need to send a letter to each AFTER you close your bank account.
You only owe them the amount you borrowed. All fees or rollover charges you have paid go towards that amount.
How should I deal with the Legal companies? And what should I in
How should I deal with the Legal companies? And what should I include in the letter? Sorry to be asking for so much help but I am clueless. Thanks again.
With the legals contact them and make payment arragements. Most
With the legals contact them and make payment arragements. Most won't even dicuss it until they can't get the payments and then they work with you. They want the ACH denied first.
You can find the letter here. Scroll down to the 13th post to find it. You need to change it to reflect you state laws and loan information.
Ask all the questions you want. That is what we are here for. :)
I am going to attempt to close my bank account tomorrow and I wi
I am going to attempt to close my bank account tomorrow and I will keep you posted! Thanks again for all the help!
one more question for you. SSM group llc has taken 810 dollars f
one more question for you. SSM group llc has taken 810 dollars from me for a 300 dollar loan and none of that has paid the principal! what should I do? And also, High country is formerly PDL loan center. Is that illegal/unlicensed? in Minnesota?
SSM is illegal so you have paid the $300 loan and over paid it b
SSM is illegal so you have paid the $300 loan and over paid it by $510. With illegal/unlicensed loan you only legally have to pay back the amount you borrowed.
All fees, interest or rollover charges go towards that principle amount.
I will check PDL loan center.
I looked for PDL loan center and it was said they are part of Im
I looked for PDL loan center and it was said they are part of Impact Cash. If so then they are also illegal.
Quote:
According to Go Daddy, the website pdlloancenter.com is registered to Impact Payment Systems, PO Box 6188 Logan, Utah 84414. Impactcasusa.com is registered to the same company. |
Is Impact solutions / impact cash/ high country illegal? I am in
Is Impact solutions / impact cash/ high country illegal? I am in Florida.
If so, and I have paid 425 for a 250 loan as of 4/6/2009, am I required to pay anymore or should i just close my bank account?
Impact is illegal as they do not have a license in FL. You ha
Impact is illegal as they do not have a license in FL.
You have over paid. Close your account.
You can send your letter here.
Impact Cash USA
PO Box 3206
Logan, UT 84323
1-800-707-0102 ext. 8005
Monday-Friday, 8-5pm (MST)
accountservices (@) impactpayments.com
legal or illegal?
In Minnesota can you tell me which of these internet payday loan companies are legal or illegal?
Spark
Payday-loan-yes
Paycheck today
Zip19
Instant Cash USA
Cash Advance
Cash Central
Qloot
ACE
here are the MN state laws. At the bottom there is a link that
here are the MN state laws. At the bottom there is a link that takes you to the legal lenders list.
so what law information should I include in my letter in regards
so what law information should I include in my letter in regards to Minnesota law?
I wasn't logged in but now I am.........What legal info should I
I wasn't logged in but now I am.........What legal info should I include in my letter concerning Mn state law? thanks!
MN Financial Services Consumer Small Loan Consumer Smal
MN Financial Services
Consumer Small Loan
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.
You can find more information here
Thank you so much! I included that info on the letters........No
Thank you so much! I included that info on the letters........Now I will have to wait and see what happens.
illegal/legal
I have loans with
CashnetUSA Borrowed $750 paid $393.75
Payday loans Borrowed $850 paid $877.76
IntegrityAdvance borrowed $500 paid $750
Is this legal or illegal I live in minnesota?
Should I stop the ACH drafts with my bank?
I borrowed this money to pay medical bills and feel like I should have just paid them when I could because I have paid 2,021.51 in "interest" on 2,100.00 so in total I will pay 4,121.51 on a loan for 2,100.00. Please help me thank you for you time
I have loans with CashnetUSA Borrowed $750 paid $393.75 Payd
I have loans with
CashnetUSA Borrowed $750 paid $393.75
Payday loans Borrowed $850 paid $877.76
IntegrityAdvance borrowed $500 paid $750
Is this legal or illegal I live in minnesota?
Should I stop the ACH drafts with my bank?
I borrowed this money to pay medical bills and feel like I should have just paid them when I could because I have paid 2,021.51 in "interest" on 2,100.00 so in total I will pay 4,121.51 on a loan for 2,100.00. Please help me thank you for you time
____
IntegrityAdvance is illegal. As far as I know they only have a l
IntegrityAdvance is illegal. As far as I know they only have a license in Delaware.
I am not sure about payday loans. Do they go by any other name?
CashNetUSA is legal but if you revoke the ACH then you can make payment arrangments with them.
CashNet USA is a member of CFSA. Please call them and request an
CashNet USA is a member of CFSA. Please call them and request an payment arrangement plan with them.
Is Payday Loans a storefront loan?
PaydayMax is also Illegal. You can read this post to learn t
PaydayMax is also Illegal.
You can read this post to learn the steps to take on dealing with Illegal lenders.
Not sure why you posted this 3x :? I responded already in the
Not sure why you posted this 3x :?
I responded already in the above post.
Pdl
I am in a similiar situation, i have a loan with 247 greenstreet.com for 610.00 now i owe 808.18 because as my payment was returned. I too live in MN. I also have a loan with Cash Central they are legal i checked them out I cant find anything for 247greenstreet and they say i have signed a wage assignment. I have tried to work out a pyment plan however they are only willing to break it up into 2 payments. I need to break it up into smaller payments. I realizr i can revoke the wage assignment which i have already sent them emails doing. I would like to send a cert. letter but no where can u find an address. i have also requested an address via the online chat customer service and was told there is no address and in the contract i signed it says all transactions are to be via email or fax. Am i covered? I copied the chat where the lady refused me an address . Is this CO legal in MN after recent research i am under the impression that legal limit for PDL in MN is 350?
I have a loan out with United Cash Loans are they legal in Minne
I have a loan out with United Cash Loans are they legal in Minnesota or any state? I am in MN and I will pay them back for what I borrowed I have borrowed 350 and they want me to pay back 455
Quote:I have a loan out with United Cash Loans are they legal in
Quote:
I have a loan out with United Cash Loans are they legal in Minnesota or any state? I am in MN and I will pay them back for what I borrowed I have borrowed 350 and they want me to pay back 455 |
No, they are not licensed/legal in your state. CLICK HERE to find out how to deal with illegal lenders.