indiana payday troubles

Payday lending is legal in Indiana. However, defaulting payday loans is not a criminal offence. It is a civil case. So, you won't be arrested or put to jail for non payment of the debts. But I don't think the payday lenders that you've mentioned in your post are licensed to operate in your state. Nevertheless, you should contact the Indiana Department of Financial Institutions in order to check their legality. If they are licensed to operate in your state, then you can go for the option of payday loan consolidation in order to get rid of the debts.

Facing lawsuits is one way of doing it, but going to jail is our of question. If any of these payday lenders aren't licensed to operate in your state, then you only owe the principal amount to them. In that case, you don't have to worry about paying for the interest charges. If they're licensed, then you may opt for payday loan consolidation. It would be even better if you could explain your financial hardships to your creditors and set up a repayment plan as per terms that suit your current obligations.

none of these are legal period.much less in indiana.that being said you only owe the principle and anything debited in"fees"gets deducted from that.example:

one click borrowed you 400.00 okay they debit 120.00 two times.you only owe 160.00.please try to recall how much in fees was debited by each place as you will be suprised by how little you owe.btw go to the sticky titled DEALING WITH ILLEGAL LENDERS at the top of this very forum.follow every step.you can,and will get these illegals out out of your life.

thanks so much I will see what I can do...because I am sick of the threats they are making calling my job and my house.

I spoke with the Indiana Dept of financial institutions today who told me that none of the above companies are licensed in Indiana. SO I called the bank like he advised me to and asked Chase to close my account. They told me they will not because the account is in the negative and that I took out the loans that they will not close the account until I make it current. It is overdrawn because the predators. What can I do with Chase bank. I am typing up an email to send to all of the lenders using the template that you all provide and let them know to stop harrassing me. The state worker advised me that I should no longer accept any contact from these companies and that they using do not sue because they have no operating license in Indiana which they are suppose to have.

Can they do a wage assignment

yes they can,but draft a WAGE ASSIGNMENT REVOCATION letter and give it to your HR/payroll person.btw chase can put the account on DEPOSITS ONLY status.in fact inform the DFI of chases lack of help with this.as long as an account is negative they can't close it,but see the manager about deposits only/they should be able to do that.if not again inform the DFI of this.

Account has been made deposit onlay and how do I get a wage assignment letter so I can submit to my Hr. I do work foer thefederal government so is that the same way.

there is a template letter in the DIY tab up top.you can customize it to your needs.it can read like this.


i hereby revoke any and all wage assignments i may have signed.signed


something simple as that.

hey thanks for your help. Chase told me they did for deposits only but I see this morning they had 2 ach again. going to call the financial institution dept and now gonna go to the branch I opened the account with and see why these people are still trying when I made the account for deposit only.

well contact the bank first.sometimes with deposits only the ach's will show as pending,but they won't go through.it does seem strange but check on it first.does it show pending,or that they went through with an NSF charge?that is important.

went through with an ach charge...I am gonna go talk to the local office that I opened my account with. Also I have submitted a wage assignment with my federal payroll dept and to the companies along with the letter that you all provided for being unlicensed and to stop contacting me, however I have no information about VIP cash and need an email address. please assist with this.

You guys have been wonderful with all of your help.

i just remembered you bank with chase.UGH!they are as bad as BOFA as far as this goes.actually go back to the branch and see the manager who helpled you before.have them correct this,or explain how this happened.btw i will try to get the info on VIP,but look here to see if someone else replies before that.the reason is i have never dealt with them,and will have to research them.stay tuned.

I dealt with chase and had to almost make a sccene to get action. i was told basically that they could let what ever they want to go through go through and id be responsible for it. you usually have to go into a branch to deal with them accordingly and get a manager involved immediately.

I also am in Indiana, posted as unregistered under "Need help with Payday Loans" earlier in month.

Where can I find the laws in IN that govern payday loans?
Does anyone know if
PaydayMax
USFastCash
500FastCash
MyCashNow
NationalPayday
[FONT=Calibri]Zip19/NorthWay Financial[/FONT]
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[FONT=Calibri]are licensed in IN and is there a location to get their address or fax #s?[/FONT]
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[FONT=Calibri]I want to send the letters out but the letter I saw was for unlicensed and the template has the location to input the state statute - can't find these. [/FONT]
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I wrote to all these companies and some are still contacting me. Everest cash hired Cambridge and huxley law firm who now stop call me. Now they have some process server calling me. I keep telling them to leave me alone but they still are. I have filed a complaint with the Attorney General office in Indiana. I dont know what else to do. I dont want to be served lawsuit papers. But if they do I am ready. I have the Indiana laws about they have to be licensed and not able to sloict me but they contacted me. I have have the info of what I am responsible for. Please assist further

Send them a cease and desist letter.