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Date: Wed, 02/03/2010 - 15:12

Submitted by anonymous
on Wed, 02/03/2010 - 15:12

Posts: 202330 Credits: [Donate]

Total Replies: 6


Are JellyRoll, CMG,Easycash Online, Loan point, Star Cash, Cashnet, CAshCentral (all of these were on the internet) legal in Texas? They are charging some ridicules repayment amounts for example:
Easy-$460.00 for a $300.00 loan
JellyRoll -$570.00 for a $300.00 loan
I had to close my account because I could not handle the NSF fees...so what can I do???
I tried to email each and set up payment arrangements and Cash Central, Cashnet, StarCash and JellyRoll all responded. I want to do the right thing and pay the debt back but I can't pay each one back $100.00 to $150.00 each. So I am going to make efforts to pay back the loans but not what they are asking for...will I get in trouble for that???


Click the link below to read your payday loan laws:
http://www.paydayloaninfo.org/stateinfo/TX.asp
Click the link below to see if any of your lenders are licensed as a payday lender in the state of TX:
http://168.39.159.59/default.asp
CashNetUSA is operating as a CSO in Texas (Credit Service Organization), therefore the payday lender laws do not apply to them.
Basically, a CSO or Credit Services Organization is defined by the Texas Credit Services Organization Act in (Section 393 of the Texas Finance Code).

The link below is where you can search to see if any of your lenders are registered as a CSO:
https://direct.sos.state.tx.us/cso/csosearch.asp


lrhall41

Submitted by Shazzers on Wed, 02/03/2010 - 16:28

( Posts: 17344 | Credits: )


Quote:

Originally Posted by Anonymous
Hi SHazzers
Did you find out any information on JellyRoll, LoanPoint, StarCash, CashCentral, Cashnet???

CashNetUSA is legal, they are operating as a CSO in TX. If you put their names in and nothing came up it means they are NOT licensed. I believe that CashCentral is licensed also but the system is down right now and I can't check the licensee data base so you might want to double chaeck on that one. None of your others are legal lenders.


lrhall41

Submitted by Shazzers on Thu, 02/04/2010 - 17:37

( Posts: 17344 | Credits: )