Arizona illegal lenders
Date: Mon, 04/13/2009 - 14:33
I know that Togethercash and Cash spot are illegal.Here is t
I know that Togethercash and Cash spot are illegal.
Here is the link to AZ lenders. Click on the right were the link says deferred presentment companies to search.
All are ILLEGAL! Secure your checking account ASAP! READ he
All are ILLEGAL! Secure your checking account ASAP!
READ here for steps in dealing with Illegal lenders :wink:
Really??? So if I understand correctly, I need to: 1. Contact t
Really??? So if I understand correctly, I need to:
1. Contact the bank and stop all ACH with these lenders
2. Write them a letter
3. Ask for a refund on what I have paid in interest already?
Any advice would be greatly appreciated - Thank-you so much for the information - I'm feeling a little more hopeful about getting them off my back and out of my bank account!
That pretty much sums it up. Make sure your account is secure. Y
That pretty much sums it up. Make sure your account is secure. You may need to stop all ACH or close the account.
TogetherCash is Red River and they have MANY names. You can block the ACH but they will then debit under one of their other names.
So put the account on deposit only or close it.
I have several PDL's in AZ. I'm realizing many are illegal. I
I have several PDL's in AZ. I'm realizing many are illegal. I contacted Flash Loans about a $400 loan, that I have been renewing weekly for 1 year (paid about $2500). They $0.00 out my account the next day when I confronted them about illegal practice in AZ. I was shocked. Could I possibly have the same effect with others? Can I refused to pay paydaymax, zip 19, and other illegal lenders? They must be licensed, and some blatantly violate AZ laws
Ameriloan- Loan$400-Payoff owe $520
Cashnet USA- Loan $500-Payoff owe $580
Payday Max- Loan $900-payoff owe $711 (AZ max loan can be $500)
Paychecktoday- Loan $500- payoff owe $650
Acecashservices- Loan $300- payoff owe $390
Zip19-Loan $750- payoff owe $898 (AZ max loan can be $500
Cashcentral- Loan $500- payoff owe $520
Instantcashusa- Loan $400 -payoff owe $520
USFASTCASH- Loan $300- Payoff owe $195
There's only one way to stop them, and that is to close your acc
There's only one way to stop them, and that is to close your account asap! You account will never be safe now that they have your information. All of yours are unlicensed except CashNetUSA. CLICK HERE to find out how to deal with illegal lenders.
I have closed my bank account. I was going to go thru a debt co
I have closed my bank account. I was going to go thru a debt consolidation, but am having 2nd thoughts. My thought was to respond to the illegal lenders with: A revocation of wage assignment, c and d letter. I was also going to send to each lender and state specifics.
For example: Ace cash services: You are not licensed in Arizona, and your loan fee/interest rates also violate Arizona state law allowances. I have already paid you 3 installments of $90 in illegal interest/fees equaling $270 for a loan of $300. Please provide in writing an address where I can send the $30 I owe for the balance of the principal I borrowed. I expect to receive this information within 30 days by USPS mail, or I will consider the debt cured.
Do I have a chance?
I checked AZ Department of Financial Institutions. I do not see
I checked AZ Department of Financial Institutions. I do not see cashnetusa listed. I see a listing for
Cash Central of Arizona, LLC
DBA: Cash Central
84 East 2400 North
North Logan, UT 84341
(435) 774-8270
That's because CashNetUSA isn't listed as a payday lender, they
That's because CashNetUSA isn't listed as a payday lender, they are probably listed as an installment or personal loan lender, so no, they wouldn't be in the payday lender licensee data base.
I still need clarification Cash Central is a licensed mortgage
I still need clarification Cash Central is a licensed mortgage company in AZ. They are not licensed as a payday loan. So, are they legal in AZ as a payday lender?
I still can not find cashnetusa on the state page at all. How do you know they are legal? I have looked at all the licensees on the AZ Department of Fianancial Institutions, and Cashnetusa is not listed as a business.
My loans are current until Friday 10/9. The phone calls will start soon.
Quote:Originally Posted by AnonymousI still need clarification
Quote:
Originally Posted by Anonymous I still need clarification Cash Central is a licensed mortgage company in AZ. They are not licensed as a payday loan. So, are they legal in AZ as a payday lender? I still can not find cashnetusa on the state page at all. How do you know they are legal? I have looked at all the licensees on the AZ Department of Fianancial Institutions, and Cashnetusa is not listed as a business. My loans are current until Friday 10/9. The phone calls will start soon. |
Take another look at your contract, they may have listed their self as an installment lender. Installment lenders do not abide by the payday loan laws and wouldn't be listed in the payday lender data base.
Here is CashnetUSA's license straight off of thier website....
Here is CashnetUSA's license straight off of thier website....
http://www.cashnetusa.com/images/license/az.jpg
Hey Paul I have been in and out but will be here more often now.
Hey Paul I have been in and out but will be here more often now.