Clarification on Legality of PDLs in Texas
Date: Sun, 09/09/2012 - 06:04
I am a bit confused with the regulations on payday loans in the State of Texas.
Unfortunately, I currently have 4 and am wondering if they are indeed legal and at what point have I legally help up my end of the deal.
Here are the lenders:
Payday One (Online)
Original Amount: $850
Paid to Date: $1504.36
Principal Owed: $660.00
Total Owed: $822.42
Advance America (Store Front)
Original Amount: $900
Paid to Date: appr $1400
UnitedCashLoans (Online)
Original Amount: $300
Paid to Date: $90
Principal Owed: $300.00
Total Owed: $390
Cash Store (Store Front)
Original Amount: $400
Paid to Date: $0
Principal Owed: $400
Total Owed: $1029.92
I am not currently in collections on any of these, and they are all paid up, however I do fear that as I am starting to have to get new loans to be able to pay the old ones and still be able to make my car insurance payment and purchase fuel so that I can work that I will soon be to a point where I cannot manage it.
Any and all insight is greatly appreciated!
Unfortunately, I currently have 4 and am wondering if they are indeed legal and at what point have I legally help up my end of the deal.
Here are the lenders:
Payday One (Online)
Original Amount: $850
Paid to Date: $1504.36
Principal Owed: $660.00
Total Owed: $822.42
Advance America (Store Front)
Original Amount: $900
Paid to Date: appr $1400
UnitedCashLoans (Online)
Original Amount: $300
Paid to Date: $90
Principal Owed: $300.00
Total Owed: $390
Cash Store (Store Front)
Original Amount: $400
Paid to Date: $0
Principal Owed: $400
Total Owed: $1029.92
I am not currently in collections on any of these, and they are all paid up, however I do fear that as I am starting to have to get new loans to be able to pay the old ones and still be able to make my car insurance payment and purchase fuel so that I can work that I will soon be to a point where I cannot manage it.
Any and all insight is greatly appreciated!
Your storefront loans and Payday One are legal...United Cash is
Your storefront loans and Payday One are legal...United Cash is an unlicensed tribal lender so you only owe them $210 which you can pay back at your on YOUR on schedule. Follow the link in my signature line for information on how to deal with them.
Thank you for confirming my suspicions with UnitedCashLoans, and
Thank you for confirming my suspicions with UnitedCashLoans, and I have sent them a message rescinding ACH Authorization and laying out a repayment plan.
As for the other three, does Texas State Law provide for any protections for consumers?
