IPDL Help for Tennessee
Date: Sat, 05/21/2011 - 00:51
Zip19
CK Marketing
United Cash Loans
Payment Direct
Star Cash Processing (which I never agreed to. They just deposited the money and then called me. Still this day haven't agreed to anything with them.)
I have taken these out within the last month and have had a nightmare in my life and am in a huge bind and cannot pay them back. My bank account has become overdrawn so of course they can't get any money. I live in Tennessee and have tried to do research on my own but it is so confusing and not very clear. I of course have gotten the legal threats from CK Marketing but no action as of yet and just phone calls from the others. I have been contemplating bankruptcy already since my credit is shot all to H#ll anyways (were talking credit score of about 400). What are Tennessee laws regarding IPDLs and should I file bankruptcy?
Payday lending is legal in Tennessee. The maximum number of out
Payday lending is legal in Tennessee. The maximum number of outstanding loans permitted at a time is 3 and rollovers are not allowed in your state. You can file bankruptcy and get a discharge from payday loans. Nevertheless, you should contact a bankruptcy attorney and take his opinion in this situation.
While PDL's are legal in TN, all IPDL's must be licensed in TN o
While PDL's are legal in TN, all IPDL's must be licensed in TN or another state. It will take some effort, but you must verify thier status.
How do I verify their status? Do you know by looking if any of t
How do I verify their status? Do you know by looking if any of them are illegal?
You should contact the Tennessee Department of Financial Institu
You should contact the Tennessee Department of Financial Institutions in order to check out whether or not your payday lenders are licensed to operate in your state.
let me provide status as all of your loans are illegal in any st
let me provide status as all of your loans are illegal in any state,much less TN.all are ileegal therefore i need the following.
1)amount borrowed from each
2)amount debited by each thus far
you see being as all are illegal you only owe the principle,and anything debited gets deducted from that.go to the stickt titled DEALING WITH ILLEGAL LENDERS at the top of this very forum.follow every step.it contains template letters,and detailed instructions.do not skip steps.one of the first steps f not the first step is closing/securing your account so the pdl's have no further access.do this and you should be fine.
Thank you all for your help
Your advice is greatly appreciated.
Payment Direct - $200
Zip19 - $300
United Cash Loans - $300
CK Marketing - $300
Star Cash Processing $350 - But like I said I never agreed to anything they just made a deposit
I have not paid anything back as I had some unexpected things come up and ended up worse off. I have already put a No ACH on my account and opened a new account.
I will follow the instructions in the sticky as suggested.
I know there has been a lot of talk about CK Marketing, the funny thing is everything I get from them is hand addressed with a basic Avery type inkjet return label with no business name. They come from Yuma, AZ but some have referred to their "legal" office in Delaware.