Payday loan companies legal/illegal
Date: Wed, 03/10/2010 - 11:25
Magnum Cash Loans
Eastside Lenders
Cashnet USA
Payday-loan-yes
Cash Advance Network
Wage Fast
One Click Cash
Cash Central
Zip 19
Payday
Ace Cash Express
Ace Cash Services
I have paid a lot of money out in financial fees. These are just killing me. All of these loans are $500 or less that was borrowed. I would appreciate all the help i can get on these. I have already closed out my account and they just keep calling me. I need help and cannot seem to find out if they are legal or illegal companies in Arizona. I just found out through reading this forum that you are not suppose to have more than one PDL in Arizona. Can i get into trouble for this? I was not aware of this.
Thanks
Cashnet is probably the only legal lender in your list. You can
Cashnet is probably the only legal lender in your list. You can check out the website of AZ Department of Financial Institution to check the licensing status of your lenders.
"http://azdfi.gov/Lists/Lists.htm"
Thanks for the information. I will check this out. For the one
Thanks for the information. I will check this out. For the ones that are illegal could anyone give some advise on how to start dealing with them. I have seen some talk about illegal letters but was not sure if that is my next step or not.
So i checked all of these companies on the list that was provide
So i checked all of these companies on the list that was provided and non of the companies that i have PDLs with are on the Deferred Presentment Companies list for Arizona so does that mean they are all illegal?
A few more questions. If only oe of the companies were on the l
A few more questions. If only oe of the companies were on the list does that mean all the others are illegal. Which i have read in other threads that I would only be required to pay back the principle amount borrowed. So what about all the interest from rolling over the accounts, does that apply? or am i just out all that money? Sorry i have not seen this question asked and am in need of help. I am worried sick and i want to get these all to a zero balance. Please let me know what my next step should be. My bank account is already closed. Just a reminder. I live in Arizona and these were all internet based.
Thanks
Quote:Originally Posted by AnonymousA few more questions. If onl
Quote:
Originally Posted by Anonymous A few more questions. If only oe of the companies were on the list does that mean all the others are illegal. Which i have read in other threads that I would only be required to pay back the principle amount borrowed. So what about all the interest from rolling over the accounts, does that apply? or am i just out all that money? Sorry i have not seen this question asked and am in need of help. I am worried sick and i want to get these all to a zero balance. Please let me know what my next step should be. My bank account is already closed. Just a reminder. I live in Arizona and these were all internet based. Thanks |
to answer your questions
yes all the others are illegal
you only owe the principle borrowed
all fees debited thus far go towards the loan
you should file AG and FTC complaints against the illegal lenders
i hope i answered your questions my friend.
