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Date: Fri, 09/09/2011 - 19:11

Submitted by mebkab
on Fri, 09/09/2011 - 19:11

Posts: 5 Credits: [Donate]

Total Replies: 4


I live in Ohio can some one tell me if these are legal PDL for my state or give me a site so I can check them. thanks Tiffany
VIPLOAN
YELLOWDALE
PAYDAY WIZ
BAYSIDE
LAKOTA CASH
PLAIN GREEN
FOUR SEASONS
ADVANCE ME TODAY
RED STONE
CASHNET USA
GREAT SKY
PAYDAY ADVANCE
GS FINANCE


Payday lending is legal as per the state laws of Ohio. In order to know whether or not your payday lenders are licensed to operate in your state, you need to contact Ohio Division of Financial Institutions. Their official website will be "http://com.ohio.gov/fiin/". [COLOR=#000000][FONT=Times New Roman][FONT=Arial][/FONT][/FONT][/COLOR]


lrhall41

Submitted by Anna Sweeting on Fri, 09/09/2011 - 20:22

( Posts: 1827 | Credits: )


http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

I would assume they are all illegal since Ohio only allows low cost interest of 28% I noted the tribal loans which definately are illegal.

VIPLOAN
YELLOWDALE
PAYDAY WIZ
BAYSIDE
LAKOTA CASH...tribal...illegal
PLAIN GREEN...tribal...illegal
FOUR SEASONS
ADVANCE ME TODAY
RED STONE...tibal...illegal
CASHNET USA
GREAT SKY .....tribal....illegal
PAYDAY ADVANCE
GS FINANCE


lrhall41

Submitted by SOAPLADY on Fri, 09/09/2011 - 20:39

( Posts: 17315 | Credits: )


thank you both for taking the time to answer me


lrhall41

Submitted by mebkab on Sat, 09/10/2011 - 18:31

( Posts: 5 | Credits: )


CashNetUSA is your only legal lender.

They operate as a CSO or installment loan lender, not a a payday lender so payday loan laws don't apply.

They will give you and extended payment plan. You have to ask for it. They'll break your current balance into 4 equal payments due over your next 4 pay days. No further interest will be charged.

For the others, follow the advice here.


lrhall41

Submitted by OhioGal1 on Mon, 09/12/2011 - 07:16

( Posts: 5253 | Credits: )