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ohio pay day loans

Date: Wed, 04/24/2013 - 10:49

Submitted by gasman
on Wed, 04/24/2013 - 10:49

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Total Replies: 3


Hello, I have several payday loans. I attempted to find licenses for all of them but could only locate one for cashnetusa. My lenders are as follows:

Cashnetusa
great plains lending
multiloansource
castlepayday
idealgelt

The multiloansource loan is in collections with searay portfolio and they are threatening to get a judgement. I askedthem to send me paperwork describing the debt and how they have concluded on their final numbers. They told me that it would take too long to do that and I needed to pay before they sent claims to my county., Does this seem legitimate. Are these loans legal on ohio?

Thanks


No, none of this is legitimate at all. Only CashNetUSA is a legal lender out of the 5 you have listed. Illegal lenders and their cronies can threaten to obtain a judgment against you all they want but even if they move to court, you have a perfectly valid defense; lenders are not licensed in your state (hopefully you are not a resident of AL or LA).
For more information on how to tackle them, plese go through the following link:
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html


lrhall41

Submitted by Steve Barris on Wed, 04/24/2013 - 20:10

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Illegal payday loan lenders know that they can't harm you. But this doesn't stop them from making false statements such as
You'll be arrested for not paying the debt
Your wages will be garnished
You'll lose your job

What Steve has said is correct. The illegal lenders have made illegitimate claims.


lrhall41

Submitted by ditchdebt on Wed, 04/24/2013 - 20:36

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All of your lenders are illegal except CashNetUSA. Don’t worry, they can’t do anything. They are just trying to scare you. File a complaint against them to the SAG or FTC.


lrhall41

Submitted by anonymous on Thu, 04/25/2013 - 00:02

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