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Upon helping someone in this forum I had discovered that in the state of MA there is a law passed that caps the interest rate on small "payday loan" type lenders in that state. It prevents payday loan companies from even operating in that state because the cap is around 20% of the normal interest rate you would have to pay for a "payday loan." Has anyone ever heard of this in any other states and what do you think we could do to raise awareness about this in the hopes that other states will follow suit?

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If anyone has a problem with USA Payday Loan, here is their real information. They operate as Friendly Cash LLC and own a company called Certified Call Center in NJ. If they are bothering you, their real address is 651 High St Suite 203 Burlington NJ 08016. They have no license and they are owned by the same owner as Ace Check Exchange, a check casher in Pennsylvania. They are also the company that used to be known as Ace Pays but was shut down by the PA Attorney General.

Hi my name is Melissa and I live in Texas. I am being sued by Ozark Capital Corporation who has purchased my an old debt from Citibank. I opened this account when I was an undergraduate back in 1998 or so. The account stayed overdue because they wouldn't work with me and accept y payment arrangement. The account is so old that it is not even on my credit report anymore. I received the documents today by the legal processor. If you are not familiar with them I will give you a bit of history.