Payday Loans - Rhode Island
Date: Tue, 07/17/2012 - 17:03
I currently have fourteen outstanding payday loans with various balances and at various stages of collections. I also have one $2,600 loan with Cash Call (fka Western Sky before the loan was sold). I've been able to pay off several loans and I'm in the process of paying off two with which I have arrangements. In researching things here and elsewhere, it's coming to light that several, if not all, of the loans may be illegal in RI. Some logistics: my bank account has been closed. This move was the one thing that helped the most as it allowed me to regain control of my funds. There was a 3 month or so period where my paycheck was being pulled out of my account in its entirety within hours of being deposited.
Any advice you can pass along would be much appreciated. I've paid at least the principal on most of the loans.....what are the next steps for a Rhode Islander? Do local laws apply? Is there a 'cease and desist' letter template I can use living in this state? I expect a next step for all of these loans is to retract any sort of wage attachment I may have locked into when signing the contracts.....
Here are the loans I have:
Integrity Advance
Speedycash
Payday 1
Mycashnow
USA Cash Express
Short Term Loans
Beacon
Everest
500 Fast Cash
Loan Shop Online
Alpine
Cash Central
ecash advance.com
Star Cash Processing
Bayside
While this is admittedly excessive, I'm trying my best here. The loans were originally to keep me afloat, but I got in way too deep. I just need advice to ensure I'm not being taken advantage of.
Thanks everyone.
GHR5
Which state do you live in? Yes, you are right, you need to rev
Which state do you live in?
Yes, you are right, you need to revoke voluntary wage assignments as far as these lenders are concerned.
Integrity Advance - Illegal
Speedycash - Legal CSO
Payday 1 - Somewhat of a question. It does have physical presence in Texas but I say you call the state finance department and find out if they are registered.
Mycashnow - Registered address says Canada, used to say BWI before. Illegal offshore lender.
USA Cash Express - Illegal lender
Short Term Loans - Couldn't find them
Beacon - Illegal lender
Everest - Illegal lender
500 Fast Cash - Illegal tribal lender
Loan Shop Online - Illegal DE based lender
Alpine - Illegal lender
Cash Central - Legal CSO
ecash advance.com - Possibly illegal, check with the state department
Star Cash Processing - Illegal tribal lender
Bayside - Illegal offshore lender
Follow the link in my signature line for information on how to d
Follow the link in my signature line for information on how to deal with your illegal loans.
Thank you, everyone. I will send a wage attachment revocation t
Thank you, everyone. I will send a wage attachment revocation to my employer and the payday loan groups as well.
That link is very helpful, Soaplady!! Thank you.