Need help in Texas
Date: Wed, 03/09/2011 - 12:29
ace cash express that i owe 911.99
Money 2 advance that i owe 500
Loan point USA they say i owe 960 on a 600 dollar loan
gateways 400
check n go they say i owe them 1006
Are these companies legal in texas and what can i do if they are not.
i received all of these loans on the internet, but Ace and Check
i received all of these loans on the internet, but Ace and Check n go do have store front locations in my city.
PDls need to be registered with the Texas Secretary of State as
PDls need to be registered with the Texas Secretary of State as they typically operate as a Credit Service Organization (CSO). You can search the CSO database at https://direct.sos.state.tx.us/cso/csosearch.asp to find the registration. You may find it difficult to find the companies in the database. However, look at your loan documents. When the company operates as a CSO, you usually find a CSO agreement in the loan documents. The CSO document will tell you what services you are paying for and how much, etc. You can usually find the name that the CSO is registered as in this document.
Ace Cash Express and Cash N Go are both registred CSOs in Texas. I don't know about the others.
Now the question that I have not found a definitive answer to is if you complete a PDL over the Internet and the company is not registered, does that mean the company is doing business illegally in Texas?
