Poor and getting poorer

Are your loans legal? What state are you in and who and how much did you borrow?

have you read the responses to the previous posts you made here??
http://www.debtconsolidationcare.com/forums/showthread.php?t=148333#2

Yes, I've read the posts but I still have some questions. Hope I'm not a pest. Anyway, the loans are all internet based. I live in Louisiana. I know that payday loans are legal in Louisiana but I haven't been able to find out if any of these were licensed in Louisiana or if they even need to be licensed in Louisiana. I thought they did, but I could be wrong. I currently have three loans one for $200 with Ameriloan and I've paid them approximately $135 in interest. Another loan is with DJR Group for $200 and I've paid them approximately $150 in interest. The other one is with Anasazi Group for $300 and I've paid them $270 in interest. I'm also getting a phone call from someone with a very heavy accent claiming to be with Anderson Law Firm, I have no idea who they are supposed to be collecting for because I haven't called them back. I'm at my wits end, I have no problem closing my bank account and fighting with these people but I can't find out if they need to be licenced in Louisiana. Thanks.

Call the phone number at the bottom and ask.


Louisiana Payday Loan Laws

State Legal Status
Lending of payday loan is considered legal in the State of Louisiana.

Loan Specifications

• Maximun Amount of Loan - $350
  
• Term of Loan - 60 days
  
• Maximum Rate of Finance and Fees - Documentation fee of $5 + $45 or 16.75% of check (whichever is greater); You have to pay 36% p.a if your default period is anything between 1 to 12 months or 18% p.a if default period is beyond 13 months)
  
• Finance Charge on $100 loan for a 14 day period - $25
  
• APR for $100 loan for a 14 day period - 650%
  

• Maximum Number of outstanding loans permitted at a time - Not Specified
  
• Permissible number of Rollovers - None (Cannot rollover or renew. But the licensee can accept 25% of the total advanced amount to the debtor as partial payment along with the fees and then can enter into a new loan.)
  

• Collection Fees Amount - 1 NSF fee amounting to actual bank charge (only if disclosed) + greater of 5% or $25 (only if disclosed) + costs of court + fees of a reasonable attorney
  
• Criminal Action - Prohibited
  

• Regulator - Louisiana Office of Financial Institutions
  
• Address - P.O. Box 94095 Baton Rouge LA 70804
  
• Phone - (225) 925-4660
  
• Fax - (225) 925-4548
  
• Regulatory Contact - John J. Braud, Deputy Chief Examiner
  

unless it states otherwise a lender must be licensed in your state to lend.i can state that none of the three you listed are licensed in any state.for now let me tell you the doofus claming to be from this anderson law firm is a piece of garbage in INDIA.use that name of the bogus law firm and any number the loser gave to file FTC complaints.if the idiot threatned,or implied anything about criminal action,or even legal action file a police report as well.now as for your pdl's they are illegal in LA so got to the sticky titled(dealing with illegal lenders)at the top of this forum.it has all the info you need.

http://www.fbi.gov/news/pressrel/press-releases/paydayloanscam_120710
The FBI has a warning about this, as does ABC News. Also, much information has been posted on 800notes.com about this scam. It's been active for several years now and this is usually how it goes:
A heavily accented person (usually male) sounding as if he were from India or Pakistan perhaps calls you and says that he is from someplace such as the "Bureau of Crime Department" or something like that. He then states that there is a lawsuit or complaint "being brought against your name and your social security number". Then there is a bit about avoiding legal complications - sometimes they go so far as to say they'll ruin your credit report, drag you from your home or workplace, or get you fired. They usually wrap up with a "Have a blessed day" or somesuch.
They have frightened so many people into paying hundreds if not thousands of dollars to them. So much so that it is apparently still lucrative for them to keep this up.
You can tell them you know it is a scam - tell them to produce some kind of paperwork per the FDCPA to prove you owe the loan (they'll often say they are exempt or don't have to).
One guy told me - when I told him I had checked my bank account and there was never a deposit from their company into my account (and therefore I owed him no $$$) he told me "Your bank is fooling you."
Yes - they are that stupid.
No - they cannot drag you from your house, get you fired (at least where I work I explained the scam and they were understanding), or have you thrown in jail for anything - even if you *did* owe them money, which most likely you do not.
Sometimes they will email you with a fake "account agreement" that you never signed - again - check your bank statement against the random date they put on the agreement - that is all the proof you need that you don't owe them money.
Now here's the bad part - they have your information. So - you must keep an eye on your credit, and notify your bank that this is going on and to be on the lookout for unauthorized withdrawals.
The reason they come after you so intently is that they need authorization from you to debit your account - unless they have something in writing from you - you can more easily dispute the charge and get the bank to return your money.
That's why it's so important that you have them prove the debt - and verify the proof against your own financial statements.