digging my husband out

Lending in Kentucky is legal but you need to find out if they are legal in your state the begining of the payday loan help page has a list of the states and their laws. I would call the banking commission of Kentucky to see if these lenders are legal. I would say mycashnow and 247 green street are illegal neither is located in the USA! You would have to check on the 3rd one and see if they are licensed to lend in your state.
Do lenders have to be licensed in Kentucky?
Yes. DFI???s Compliance Branch regulates mortgage loan companies/brokers and individuals. Before signing a mortgage loan document, call DFI at 800-223-2579 or use [URL="http://www.kfi.ky.gov/search.htm"]Search for an Entity[/URL] to see if the lender/broker is registered and if there have been any complaints filed. Also, DFI licenses consumer loan companies, industrial loan companies, check cashing/deferred deposit companies (also known as payday lenders) and money transmitters.
What is a payday loan?
A payday loan, also called a deferred deposit, is issued when a financial institution (a payday lender or check casher) agrees to provide cash in the amount of the customer???s next expected payroll check for a fee. These short-term loans are required by state law to be paid in full before another one can be issued, and customers may not have more than two payday loans totaling $500 at a time. Internet payday lenders are not regulated in the state of Kentucky and are therefore illegal.

I obtained this information from http://www.kfi.ky.gov/faq.htm I would suggest you check it out because from what I am gathering they are not regulated loans which makes them illegal! Close your bank accounts put a deposit only status on them I would look on the payday loan help page and download one of the dealing with illegal lender letters and I would forward it to the lenders in question. If you have over paid them I would also demand a refund!

Don't be alarmed I dealt with 247 green street and I kept sending the letters and they haven't bothered with me. I had the same experience with mycashnow. I sent the letters I called them and obtained a fax number and I faxed the letters because their emails will bounce back to you. I have never dealt with the other lender maybe someone will chime in that has.

Best of luck keep us posted!!!

Hi Dan,

Payday loans are a curse and it's quite difficult to handle them and get rid of them. Nevertheless, unfortunately payday lending is legal in Kentucky. So, I'll recommend you to get in touch with the Kentucky Office of Financial Institutions and find out whether or not your husband's payday lenders are licensed to operate in your state. If they are not licensed, then your husband can pay them only the principal amount in order to get rid of the debts. If he has paid them more than the principal amount, then he will be able to claim a refund of the excess amount from them.

Take care

I agree with Savion. The contact detail of the Kentucky Office of Financial Institutions is as follows:
# Address - 1025 Capital Center Drive, Suite 200 Frankfort KY 40601
# Phone - (800) 223-2579
# Fax - (502) 573-8787

If the lenders are not licensed in your state, then you can follow the link. I hope it will help you to know how to deal with illegal lenders:
http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html

I do know internet lending is illegal in KY. I have closed the account and am now getting ready to do the letters

my cash now is not based in the US so expect a fight from them.cash direct express will be given to alliance assett management.i have dealt with them,and once they contact you let me know.they are your typical pdl collector bottomfeeder.24/7 greenstreet will fight you as well.keep us posted as we can help you in how to respond to whoever contacts you on these.

btw here is what you owe these lenders

mycashnow 260.20
cash direct 202.20
24/7 you can apply the overpaid interest so techincally you owe nothing.

with the ones he owes can I pay on our terms

chances are these places put you in a bind so yes pay them when you can,not when they say to.they lent illegaly and really can dictate nothing now.

checked with the bank this morning, the old account is officially marked closed and nothing can come through. the new one is safe and open. haven't heard anything yet as they just would have tried to debit this morning. I dont plan on answering any number I dont recognize and i am sending letters in a bit since i wanted to make sure the account was really closed first.

heads up by you as it is a must to make sure the account is secured/closed before sending the letters.you are on it.keep us posted please.

have an excellent hometown bank. they never batted an eye. said closed is closed period, we will return everything except for two things i told them could go through. nice to see our full paychecks there