Nor-Star Cash

Hi, I was reading your complaint about Norstar Cash. I have used this company online for the past 3 months where I took a loan out for 200.00. I have not had any problems with them so far. There is a scam online called Northway Credit or Cash Transfer Centers/CTC which they also go by.

i would like to talk with some on about my account, and can not find the right phone number, can some one help me out?

NorStar Cash -
Add: - 2840 Highway 95 STE 7 Silver Springs, NV 89429
Phn: - (866) 659-9547

This company is shady. After I had paid off my loan, they kept calling me (sometimes three times a day) asking me if I wanted to get another loan with them. The first few times they called I told them no and told them to take me off their calling list because I never wanted to use them again. They still called. Then, without my consent whatsoever, they deposited a loan into my checking account! These people are shady and not to be trusted!!!

Unaware of the pdl laws in CA i took out a 200 payday loan from Norstar Cash. I tried paying off the loan before I got hit with "refinance" changes. But when I called to try to pay off the loan they hung up in my face. I tried calling back and emailing serveral times with no response. This prompted me to do immediate research on this company (thanks Norstar!). I am disgusted to read some of the stories on this site as well as many other sites. And I also did research on the pdl laws in CA. Once I realized I was only obligated to pay back the principle amount, I let them keep chargin g me for "refinancing" my loan. Once they reached 240$, I closed my bank account. I figured since I couldnt contact THEM, if they werent getting anymore of my money they would contact ME. And it worked. They called me this morning ordering me to pay back 300+ dollars. I refused, and not politely I might add. I also insisted if what they were doing is so legal feel free to take me to court. He told me to have a nice day and hung up in my face. HA!

I found a very interesting LEGAL document that can help California residents greatly if you're having issues with this company. I have already faxed a copy of this document to them as well as a Desist and Refrain letter. Here's the document. I hope this helps!! Good luck.


[center:6504d90725]State of California - Department of Corporations
STATE OF CALIFORNIA
BUSINESS, TRANSPORTATION AND HOUSING AGENCY
DEPARTMENT OF CORPORATIONS[/center:6504d90725]

TO: Norstar Cash
2840 Highway 95 Alt S#7
Silver Springs, NV 89429
and
https://norstarcash.com


[center:6504d90725]DESIST AND REFRAIN ORDER

(For violations of section 23005 of the Financial Code)
The California Corporations Commissioner finds that:[/center:6504d90725]


1. At all relevant times, Norstar Cash, an entity of unknown form, maintained a business address at 2840 Highway 95 Alt S#7, Silver Springs, Nevada 89429. Norstar Cash is a for profit entity that engages in business on the Internet at https://norstarcash.com.

2. Beginning in or about June 2008, Norstar Cash engaged in the business of deferred deposit transactions by offering, originating, or making deferred deposit transactions, or ???payday loans,??? as described below.

3. Norstar Cash offered its services to California consumers through advertisements on the Internet.

4. Norstar Cash???s website provides, ???Need cash quick but you???re caught between paydays? We have the solution! By filling out our 2-minute application you will qualify for a cash advance for up to $500.00! . . . Once approved, your cash is deposited in your bank account that evening. . . . Getting the Cash You Need Is That Easy!! Apply Now!???

State of California - Department of Corporations

5. California consumers completed an online application for a deferred deposit transaction and submitted the application form over the Internet. After submitting the application form and providing Norstar Cash with personal information, Norstar Cash credited the accounts of California consumers. Thereafter, Norstar Cash withdrew funds from the consumers??? accounts in payment of the deferred deposit transactions.

6. The California Corporations Commissioner has jurisdiction over deferred deposit transactions as set forth in the California Deferred Deposit Transaction Law (California Financial Code ??23000 et seq.).

7. Norstar Cash has not been issued a license by the California Corporations Commissioner authorizing it to offer, originate, or make deferred deposit transactions under the California Deferred Deposit Transaction Law.

8. Further, Norstar Cash is not exempt from the licensing requirements of the California Deferred Deposit Transactions Law.

Based upon the foregoing findings, the California Corporations Commissioner is of the opinion that Norstar Cash has engaged in the business of deferred deposit transactions without having first obtained a license from the Commissioner, in violation of California Financial Code section 23005(a).
Pursuant to the California Financial Code section 23050, Norstar Cash is hereby ordered to desist and refrain from engaging in the business of deferred deposit transactions in the State of California without first obtaining a license from the Commissioner or unless otherwise exempt. This Order is necessary, in the public interest, for the protection of the consumers and is consistent with the purposes, policies and provisions of the California Deferred Deposit Transaction Law. This order shall remain in full force and effect until further order of the Commissioner.


State of California - Department of Corporations
California Financial Code section 23050 provides in pertinent part:

Whenever, in the opinion of the commissioner, any person is engaged in the business of deferred deposit transactions, as defined in this division, without a license from the commissioner, or any licensee is violating any provision of this division, the commissioner may order that person or licensee to desist and to refrain from engaging in the business or further violating this division. If within 30 days, after the order is served, a written request for a hearing is filed and no hearing is held within 30 days thereafter, the order is rescinded.

Dated: February 27, 2009


[right:6504d90725]Los Angeles, California
PRESTON DUFAUCHARD
California Corporations Commissioner

By: ________________________________
ALAN S. WEINGER
Lead Corporations Counsel[/right:6504d90725]

i can not get anyone on the phone or email to me. i have paid off my loan and was told this by norstar cash and am now being charged more money and do not know why need to talk with some one. dose any one have a phone number that is not busy because every number i have called for them is busy busy busy. some one help me out with a fax # phone # somethin that can help me thanks