7 payday loans

Oh, all of my loans add up to $2752.71.

First we have to check which ones are legal in your state. I know a few are, but first let me do some research. I will come back with information.

Quote:

Kally, many of the OP's loans aren't even legal and are likely already paid off. He should NOT get another loan to pay these off. That's NOT an option and will only make things worse.

i too have payday loans i am trying to get out from under i know 2 of them is legal but cannot seem to shake them i am praticial living off overdraft out my account and i have signed up with this company call paydayloan help do not know if they are legit but got name off radio please can anybody give me some advise.

Close your account! That's the only way to protect your money from these people.

Shazzers...only the American Check Cashers was store front. Everything else was done over the Interent. Were you able to find out if some of mine were legal or not?? I have already been trying to set up minimum payments and don't have enough money to do it this paycheck. I have NO idea what I will do. The consolidation place I contacted will only give me $2000, but they probably won't even do that because one of the companies has placed some sort of hit through Teletrack. The company has said they will write a letter saying that I intend to pay them off and that I have been a good customer since 2006 (yes, 2006)! Don't know if that will help or not, though.
If anybody has ANY idea whether any of my loans are illegal in MO...PLEASE let me know!

Does anybody think I would have time to close my account before any of these things hit my account? Remember, Thursday, Nov 11 is a banking holiday.

Ohiogal1 - I'm new to this forum. Does OP mean "Original poster"? Do you really think that some of my loans are illegal? Please elaborate...I need all the help I can get.

Hi lponzie,

OP is indeed Original poster. And yes, you should close your account before the illegal payday lenders can hit your account. Talk to your bank manager as he is the person who can help you with this.

I already set up some payments with the payday loan companies...that shouldn't matter should it? I am just a nervous wreck today. I've got to do something. I can't tell you how many times I have said "I hate my life"! I want to like my life.

Paulcahill80 - Did you find out which ones were legal? I have tried searching for them on the MO Dept of Finance page. If they come up as a company...does that mean they are legal? Or, do they have to have a license number listed to be legal?

Monetary Management of Maryland, Inc. d/b/a American Check Casher is legal.

Loan by Phone of Missouri, LLC d/b/a Check into Cash d/b/a Loan by Phone is legal in Missouri.

Star Loans Inc. d/b/a American Cash Advance is legal in Missouri.

Concord Finance, Inc. d/b/a Speedy Cash is also legal in the state of Missouri.

Check N Go is a legal lender in Missouri.

paulcahill80 i have heard that most of the internet payday lenders are illegal cause they are not located in florida. it that true and how can we avoid using them when we are having problems

Hi triniskier,

Only those internet PDL companies, which have a license in the state of Florida are considered to be 'legal'. The problem is, a common man will never know where the internet PDL company is situated. So, I think it's better to curb our spending and maintain a frugal lifestyle so that we never fall into a situation where we would need the help of PDLs.

This is what I am following now and i am happy.

Stay away from payday lenders! I know when problems arise and it seems as though there is no where else to turn that a PDL is the only way to go. This is a cycle you don't want to get into. It has cost so many of us in this forum so much money, heartache, having to close bank accounts, etc.

cashnet is NOT a legal lender in the state of Mo.

Sooooo, do you think Check City is ILLEGAL in MO??? That would be great!! I hadn't been able to find them, either on the Mo Dept of Finance page.

Sooo, Cashnet is not legal in MO? That's great news, although I actually owe them less than anyone!!

Thanks paulcahill80 for your help!! Now to tackle the other that 2 that are apparently illegal. Wish me luck!!

OK...I just went to the Check City website and logged in as me. It said the following on the page I was on : Check City is licensed by the [URL="http://www.missouri-finance.org/"]Missouri Division of Finance[/URL].
When I clicked on the MO Div of Finance link...I couldn't find Check City listed. I realize if they are illegal in MO...what difference would it make to them if they put incorrect statements on their website. Of couse, when I logged in as me, they also know that I live in MO and can put any statement they want on there. If anyone has ANY infor about Check City...please let me know. Crossing my fingers that they are illegal.

Well, I think I found my answer about Check City. I had posted a previous thread asking about them and it was answered there. They are legal...dang!!

Shazzers...I just looked at Cashnet's website. They have a copy of a State of MO certificate of registration. It has a renewal number of 500-11-4525 for the company of Cash America Net of Missouri, LLC. Nothing comes up if you type in their renewal number...but, if you type in Cash America Net of Missouri...a bunch of stuff comes up. Does this mean they are legal, after all??