NH payday loans

All of your lenders are illegal.

Technically, there is no regulation that requires you to repay anything to these lenders.

Our stance, at DCC is that, as a moral issue, you should repay the principal.

Thank you, OHGal, I really appreciate your response.

As it turns out, I re-worked the maths, and I overpaid UnitedCashLoans by $60, and I overpaid Ameriloan by $40, so they won't be getting anything from me and I'll keep on them for a refund, although I don't expect to ever receive one.

As far as the other three lenders, thank you for confirming that they are not legally licensed to do business in NH.

Come hell or high water, I will repay all 3 by original amount borrowed. I took the loan, it is my responsibility to pay it back, there was just no way I could do it paying 400% interest every 2 weeks.

I have received the following from Sure Advance:

"Dear Anonymous,

Thank you for contacting us.

Please be aware that this is a St. Vincent company, St Vincent and the United States are both parties to the General Agreement on Trade in Services, a treaty which specifically permits companies in one country to make consumer loans to citizens of the other.

Under the treaty, we are only obligated to follow the federal laws of the United States. We are not required to obtain state licenses and individual state laws do not apply since the federal laws adopting this treaty supersede any state's laws on the subject.

If there is anything else we may do for you do not hesitate to contact us again."

Any advice guys and gals?

Should I just respond with "Your treaty means nothing to me, I'm obligated to follow NH State law, not St Vincent law, so again, please let me know how I can make arrangements to pay the remainder of the original amount borrowed"

From what I've been reading, most of these illegal lenders are really thick-skulled.

EDIT: Post Above: I meant I received that response from SureAdvance, not Advance America. Please excuse the double post, I was denied permission to edit it. Thanks everyone.


I fixed it for you. ~OG

no sweat about the lender,but your response is good.

Thank you all very much for your responses, and thanks to OHGal for editing that post for me. I really do appreciate all the help.

I do have one more question as it relates to 247GreenStreet.com

Accoriding to the forums, 247GreenStreet.com is not a legal lender. I have checked the New Hampshire banking website, and they are not listed as being licensed to do loans in my state in any way.

So here's the deal: 247GreenStreet.com does not do rollovers. If you take out a payday loan from them, they do an ACH from your checking account on the very next payday for the ENTIRE amount due, plus interest. Because I had so many pdl's, I would often times pay off 247greenstreet, and then the following monday have to get another loan with them to help pay down some other pdl's.

Here is the breakdown of what I've paid 247GS:

5/09 borrowed 300$, paid 359.94 on 5/18
5/23 borrowed 300$, paid 359.94 on 6/01
6/06 borrowed 500$, paid 599.90 on 6/15
6/27 borrowed 300$, paid 359.94 on 7/13

At that point, I had borrowed $1,400 and paid them total $1,679.92.

I then borrowed 300$ on 7/16, and then came to this website and started the process of cleaning up my mess, I put a hard block on my bank account this week. 247GreenStreet was scheduled to deduct 359.94 from my account today, but as with all the other pdl's, it was probably blocked, because not a single penny came out of my bank today (go Citizen's Bank!)

My question is, since they are illegal and I've overpaid from the past loans $279.92, should I email them and tell them I only owe them $21.08 on this most recent loan? Or since they don't do rollovers, should I make arrangements to pay them the entire 300$ I borrowed?

Thanks again everyone for your input.

if that is the number you get when you deduct overpayment on the previous loans then pay that,but by no means do you owe the 300.00 on this one seein as you have overpaid on previous loans.