advice please

well they could tell you sky is purple but it doesnt mean it is true. Send them Wisconsin state law and then forward their info to your state's ag office.

They didn't say Wisconsin didn't have a law, according to the poster. They said there is no federal law. Maybe Wisconsin will decide to spend a couple of hundred thousand dollars putting together a case against the lender and then hiring counsel in Delaware to enforce any judgments it gets out of a Wisconsin court. More likely, it will do just what Wisconsin regulators have always done with out-of-state pdls - send out a form letter and cross their fingers hoping the lender will stop doing business with Wisconsin residents.

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Yeah, they say there's no federal law, because there isn't one (and there needs to be!!), but definately, you are on the right track. Do not back down with these crooks and we are all behind you.

Will keep on sending thank you will keep you posted!

I recently got a response from the BBB ona complaint with the bbb. I had a 350.00 with 500 fastcash and blocked them after reading these forums. This is the response
10/06/2009 WEB BBB RECEIVE BUSINESS RESPONSE : To Whom It May Concern:
We recognize this complaint as a response to a template of a form letter circulating the Internet. This form letter is full of mis-leading and inaccurate information. Unless this customer has a specific complaint regarding the handling of their account, we do not believe a response is warranted. Thank you for your consideration in this matter.
I did send them a revoke letter by mail and by email and have not gotten a rs\esponse other then this to the bbb I also sent a complaint to the ftc and the attorney General OF NJ .Should I have any concerns

Even if there WERE a Federal law, odds are good they'd tell you it didn't apply to them!!

[QUOTE=diane l;481001]I recently got a response from the BBB ona complaint with the bbb. I had a 350.00 with 500 fastcash and blocked them after reading these forums. This is the response
10/06/2009 WEB BBB RECEIVE BUSINESS RESPONSE : To Whom It May Concern:
We recognize this complaint as a response to a template of a form letter circulating the Internet. This form letter is full of mis-leading and inaccurate information. Unless this customer has a specific complaint regarding the handling of their account, we do not believe a response is warranted. Thank you for your consideration in this matter.
I did send them a revoke letter by mail and by email and have not gotten a rs\esponse other then this to the bbb I also sent a complaint to the ftc and the attorney General OF NJ .Should I have any concerns
[/QUOTE]
So, you sent a template of a form letter circulating on the Internet, AND received a response from a template of a form letter circulating on the Internet. Well, I'll be darned! lol

OK Shazzers, so what type of template letter should they send in reply? (smile)

According to the WDFI, an internet lender does not need a license if they are not actively soliciting business. This means that if an IPDL sets up a website and a WI resident searches them out, there is no violation. They would need a license to actively advertise/solicite WI residents.

PDLOwner, perhaps a silly question but if someone attempts to apply for a PDL through an IDPL and the IDPL KNOWS the State where that person lives prohibits PDL's, aren't they obligated to let the applicant know that they're illegal in that State? Or, at the VERY least, post a prominent message on their website stating that they're void where prohibited by law?

OK then, are IPDL legal or not?

Are these guys afilliated with Ameriloan and United Cash loans? THat is the exact same response I received from my BBB complaint

Then why do some IPDLS follow the state laws and others do not? This is confusing. I have had some that would not give me a loan because of the state I live in.

There are a few different models out there. The first is to be licensed in each state that the PDL operates in. This is the model that is used by the most reputable companies such and storefronts that also offer IPDLs. The second is the Soverign Nation model where the IPDL pairs with an indian tribe. This is still in question as has been the case in CO and CA. The third is the lend to anyone model. This is the most common on the internet as the reality shows that there are no reprecussions for illegal lenders.

As is witnessed in WI, many states try to interpet the regs so that they really do not have to do anything to penalize illegal lending due to the cost involved in tracking down the illegal lenders for enforcement.

The best advice that I can give is if your state does not have storefront lenders, DO NOT borrow online. There is a reason that stores do not exist in your state. If you do have storefronts, check with the big 3, Advance America, Check Into Cash, ChecknGo, to see if they are lending online for your state. If they are, IPDL's are legal with a license. The fees online should be the same as in storefronts, not $30 per $100.

Hi, I just spoke with Paul Egide of the Licensed Services Bureau to get some clarification about the WI payday loan laws. He was quite helpful. As we already know, WI law has a lot of gray areas when it comes to payday loans. He wasn't at all surprised to hear about the harassment from these lenders. Unfortunately, in my opinion, it wasn't very good news. Basically, if a WI residents browses the Internet looking for a lender to borrow money, they are bound by the contract they sign. BUT, he wanted me to encourage all WI residents to file a complaint if they are harassed in any way. Now, even though you are bound by the contract, if they aren't licensed anywhere, you can't be sued, so, it's up to you to decide if and when you pay the outrageous interest rate these lenders charge. Just know that you WON'T go to jail, nor will you be sued.

That does make a lot of sense, if there's no storefront PDLs, they're more than likely illegal in a particular State. One little problem w/ that, though; most of us here have already had PDL experience to one degree or another; someone who's considering a PDL for the first time won't really know to look for a storefront PDL or to consider the legality of an IPDL.

You're correct and that is what the 3rd type of lender is banking on. The real true key to making the product a viable regulated option is to have consistent regulations that cover the entire country and not change state by state. If there was one regulation for all states that stipulated a fee of $15 per $100 borrowed, no roll-overs and a $500 cap on loan amounts, the consistency would force the unregulated consciousfree lenders on the internet out of business. A mish-mash of regs that makes the loans illegal in one state and fine in another just reinforces the difficulty for uneducated customers.

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so the million dollar question are us fastcash and united cash licensed anywhere that you are aware of also integrity finance? I know the first 2 are the same slime but again are they legal anywhere? Thanks!

I know that USFastCash isn't licensed anywhere for sure, I am fairly certain that United Cash Loans aren't either.

ok got a second computer generated response from US FASTCASH same as first one they are not even reading the complaint from the BBB and FTC and everyone else I wrote to. I don't know exactly where to go with this or what to do except stick to my guns with these people. Please any other suggestions? I am so full of stress I don't know what to do. Thank you for all your help so far.

yes,stick to your guns.they are as persistent as they are illegal.just let them know you will not give in.

I keep getting the same e-mails every couple days from US Fast Cash on HOW to pay my balance. I just ignore them as they've obviously ignored mine. I used to respond to those e-mails to their customer service e-mail, but obviously they are being ignored. BUT I've kept copies of my e-mails to them and follow-up e-mails so I have proof I tried to settle the paltry amount I owe them.