Nationwide Cash
Date: Mon, 05/11/2009 - 07:34
Quote:How do I file a complaint like some have done with the BBB
Quote:
How do I file a complaint like some have done with the BBB and Attorney General? I see some have received help from the BBB in reaching an end. |
You can go HERE to file a complaint with the Indiana DFI.
You can go HERE to file a complaint with the BBB.
What is DFI that you file complaints with? Does anyone know if
What is DFI that you file complaints with? Does anyone know if Indiana allows collection of my PDL if the company is licensed in their state of business, which is Delaware? What exactly is arbitration? Will they take me to court? Someone PLEASE help me! And thanks Cool Abyss for those web sties. I'll start my complaints there.
Thanks for the website info, i'll start my complaints there. Wh
Thanks for the website info, i'll start my complaints there. What is the DFI people are talking about sending complaints to? Can anyone tell me if Indiana allows PDL's that are licensed in their state of business to do business in IN because of that? Is Nationwide legal or illegal, they are licensed in Delaware but not Indiana? And what is Abitration? Will they take me to court? I work for the prosecutor and I would be so embarassed if they did!
Thanks for the website info, i'll start my complaints there. Wh
Thanks for the website info, i'll start my complaints there. What is the DFI people are talking about sending complaints to? Can anyone tell me if Indiana allows PDL's that are licensed in their state of business to do business in IN because of that? Is Nationwide legal or illegal, they are licensed in Delaware but not Indiana? And what is Abitration? Will they take me to court? I work for the prosecutor and I would be so embarassed if they did!
DFI is Department of Financial Institutions. They govern payday
DFI is Department of Financial Institutions. They govern payday lending in your state. You should call your state DFI and verify their regulations for PDLs to be more comfortable.
Some Illegal PDL companies use the term arbitration in their contract to try and scare you into believing you can be prosecuted under their governing state laws. Example you are a resident of IN, and a PDl says you can prosecuted by Malta governing laws. That is BS you are not a resident of Malta.
Nationwide cash is not licensed in Indiana to lend so therefore they must abide by IN state law. Indiana requires a PDL to be licensed within state to do business. So you can tell them to shove their arbitration where the sun don't shine :lol:
Indiana State law:
Quote:
Legal Status: Legal Citation: Ind. Code Ann. ?? 24-4-4.5-7-101 et seq. Loan Terms: Maximum Loan Amount: $550 (not to exceed 20% of borrower's monthly gross income) Loan Term: Min: 14 days Maximum Finance Rate and Fees: 15%: $0-$250; 13%: $251-$400; 10%: $401-$500 Finance Charge for 14-day $100 loan: $15 APR for 14-day $100 loan: 390% Debt Limits: Maximum Number of Outstanding Loans at One Time: One per lender; Two total Rollovers Permitted: None (cannot renew, repay, refinance or consolidate) Cooling-off Period: 7 days after 6 consecutive loans Repayment Plan: After 3 consecutive loans, lender must offer an extended payment plan of at least four equal installments at no additional cost Collection Limits: Collection Fees: One $20 NSF fee; additional charges may apply when check or authorization to debit was used to defraud another Criminal Action: Prohibited |
Thank you! Once again this has calmed some of my fears.
Thank you! Once again this has calmed some of my fears.
How do I get this mob to stop calling me? I sent a request for p
How do I get this mob to stop calling me? I sent a request for proof of loan and how much I had already paid via fax, even sent a copy of Illinois rules and regs showing how they were illegal and got nothing back so I called again and they started getting angry and I told them that I had pd $250 of a $500 loan and would be quite happy to pay back the other $250 and he got lippy saying 'why would we take just that?'. I told him that I did not want another call from them at home or work and he said that because it was in the contract then they had every right to.
When you sent the letter, did you also request them to cease and
When you sent the letter, did you also request them to cease and desist all communications except in writing? Did you file complaints with your state's attorney general's office? I live in Ohio and they were calling me constantly also. Once I filed a complaint with Ohio Attorney General's office the calls stopped.
