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internet payday loans in Minnesota

Date: Tue, 04/07/2009 - 09:26

Submitted by mnmetalhed
on Tue, 04/07/2009 - 09:26

Posts: 8 Credits: [Donate]

Total Replies: 34


I have several payday loans out and being stupid, I got payday loans to pay other payday loans. I live in Minnesota and am curious, Is it legal for me to just stop the ach fees and just make arrangements with them


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.


lrhall41

Submitted by mnmetalhed on Tue, 04/07/2009 - 09:39

( Posts: 8 | Credits: )


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.


lrhall41

Submitted by nohiogal on Tue, 04/07/2009 - 09:59

( Posts: 2582 | Credits: )


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. :)


lrhall41

Submitted by nohiogal on Tue, 04/07/2009 - 10:58

( Posts: 2582 | Credits: )


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.


lrhall41

Submitted by nohiogal on Tue, 04/07/2009 - 14:20

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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


lrhall41

Submitted by on Tue, 04/14/2009 - 19:52

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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


lrhall41

Submitted by nohiogal on Wed, 04/15/2009 - 10:59

( Posts: 2582 | Credits: )


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


lrhall41

Submitted by on Wed, 04/29/2009 - 18:58

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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
____


lrhall41

Submitted by on Wed, 04/29/2009 - 19:03

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the payday loan is with Paydaymax.com
Since IntegrityAdvance is illegal what steps do I take for them to stop taking my money.


lrhall41

Submitted by on Thu, 04/30/2009 - 08:36

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the payday loan is with Paydaymax.com
Since IntegrityAdvance is illegal what steps do I take for them to stop taking my money.


lrhall41

Submitted by on Thu, 04/30/2009 - 09:14

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the payday loan is with Paydaymax.com
Since IntegrityAdvance is illegal what steps do I take for them to stop taking my money.


lrhall41

Submitted by on Thu, 04/30/2009 - 09:18

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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?


lrhall41

Submitted by on Sun, 07/25/2010 - 06:49

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