Tx licenses payday loan lenders
Date: Fri, 06/16/2006 - 17:26
Perhaps, these links will be helpful in your search. http://w
Perhaps, these links will be helpful in your search.
http://www.sba.gov/hotlist/license.html
http://www.tded.state.tx.us/guide/C.htm
Let me know if you need more help.
I don't think there are many licensed PDL's in TX...unfortunatel
I don't think there are many licensed PDL's in TX...unfortunately all these places are so shady, they don't bother to get licensed! :roll:
look at paydayloaninfo.org they have info about state laws and l
look at paydayloaninfo.org they have info about state laws and loan caps.
Quote:Loan Terms: Maximum Loan Amount: Loan Term: 7-31 days
Quote:
Loan Terms: Maximum Loan Amount: Loan Term: 7-31 days Maximum Finance Rate and Fees: $10 per loan + 48% annual interest Finance Charge for 14-day $100 loan: $12 apr for 14-day $100 loan: 309% Debt Limits: Maximum Number of Outstanding Loans at One Time: Not Specified ($500 aggregate loans outstanding to all licensees) Rollovers Permitted: None (if renewal charge is less than maximum interest rate permitted; otherwise convert to declining balance installment note) Cooling-off Period: Repayment Plan: Collection Limits: Collection Fees: Not Specified Criminal Action: Not Specified |
Ok so am I an idiot Are they saying the max they can charge is is 10 per $100 for finance but they can charge 309% on interest?
Im not really good with numbers here so be nice so if I took a $300 payday loan and they have taken $180 in fees so far since they keep renewing it?
Are you sure ameriloan is licensed in Texas? When I had looked b
Are you sure ameriloan is licensed in Texas? When I had looked before I didn't see them.
This is the website I looked in http://www.banking.state.tx.us/asp/msb/lookup.asp
Where did you look?
apparently they looked in Polly's blog, according to aj...
apparently they looked in Polly's blog, according to aj...
May I am confused. I looked under Polly's blog and cam up with
May I am confused. I looked under Polly's blog and cam up with ameriloan Source Inc., not sure that they are the same as Ameriloan, also I am not sure that a tax certification and a license is the same thing. I thought you needed a license above all else to be able to lend in that state. If someone could please verify this as well.
A license is a must for a business before lending in your state.
A license is a must for a business before lending in your state. The licensing authority of your state or the Dept. of Finance can give you the complete information about the companies in your state. Are you looking for the address of ameriloan? Hope this one works for you.
Ameriloan
2533 N Carson St, Ste 4976
Carson City, NV 89706
1-800-362-9090
The only PDL that I ahve found that IS licensed in Texas is The
The only PDL that I ahve found that IS licensed in Texas is The Cash Store also called Cottonwood Financial. they are base in Irving, Texas. I have not found any internet PDL's licensed in Texas.
he he Polly's blog, has links to corporation entity searches, bu
he he Polly's blog, has links to corporation entity searches, but does not yet have links to consumer lending licenses.
Internet lenders do not make it a priority to license themselves in any state.
