What are your rights under Indiana laws?

You will find the Payday loan laws for Indiana here (just select your state),

http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

If you give us a bit more info I am sure that we can help you.
Who have you borrowed from?
How much is each loan?
What have you paid back in total to each lender?
Which are store front and which are internet?

After we get this info we can help you with your loans

PLease give us the info that Kash asked for and we can help you form there. Internet loans in Indiana must be licensed by the state, especially after 07/01/07. I am in Indiana and the AG office was able to help me mediate closure with 6 out of the 8 ipdls I filed complaints on. YOu can also get help in this manner from the BBB. Post any questions you may have and we will be glad to help you.

Ok-what about us fast cash....gf lives in Indiana and she took out a loan with USFAST Cash. The loan was made toward the end of July. They are offering her a settlement offer of $ 175.00 that MUST be made by moneygram. Does she HAVE to pay with a moneygram? The response from the BBB from them was that it must be paid with a moneygram only and this was their final offer. If the settlement offer is not paid by 11/2/07 they will go for the balance they want which is $ 400.00.

Regarding the new Indiana laws if this is a internet payday loan...and USFastCash does not have a license in the state of Indiana..this loan is not legal and the consumer does not have to pay the principal or the interest. You can look that up on the Indiana Department of Financial Institutions website. Send a copy to BBB of Oklahoma also. This law went into effect on July 2007. Your friend can do what she feels comfortable with...but she has Indiana laws on her side.

apparently she has been going back and forth with the responses to them reguarding this loan. She told them that she would pay on 11/2/07 but now shes thinking about the new IN laws that she will not pay them. How would she go about responding to the BBB. I told her good luck on that one. It might be hard since she did tell them she would pay them back.

Tweety...If I were in your friends situation..I would send copies of Indiana's small lending laws to the BBB..and explain to Mr. Wade that this IPDL was in violation of state laws when they granted the loan to her. If she wishes to re-pay her loan I would tell USFastCash that I'm sending it by money order..take it or leave it. Someone else may come along on this website and have a better response...but this is what I'd do.

tweety, laura is right. Your friend is using the BBB as a "go between" for her and USFastCash. She can respond back to the BBB stating that she just found out the new Indiana law, blah, blah, blah, and that she in all actuality she is not legally obligated to pay anything at all. Since they are still going back and forth with the BBB, she can always send in a response and she can always "change her mind". That's what they're there for. And, remind your friend that USFastCash is unlicensed/illegal to begin with. And now Indiana has this law? She has every right to say "Never mind. My state law says such&such and I don't owe a damn thing." Okay, she might want to leave out the "damn" part.....

I sent her the copy of IN laws on payday loans...I can not find on the DFI where those laws are located?

tweety, do you mean the "new law" that went into effect? You want a copy of that to print out? I know morningstarr posted a link to it somewhere (?). Hang on and I'm sure she'll be on later and can get that to you. :D

Well, she gave me a copy of it but I was looking on the DFI website to find it and print it out so it looks "legal" :)

oops! that was me..........forgot to sign in....

If you type in NOTICE TO UNLICENSED INDIANA LENDERS WHO...in your browser. You should find a listing for it...that is how I found mine. When you log-in it comes up on Adobe Reader and has a letter by a Mark Tarpey (if I remember right) and it has State of Indiana letterhead. Looks official to me! I use Netscape search engine. I hope it works for you..I could not find in on the DFI website either..but it must be there. Maybe someone will come along and give you a better way to get it...

Tweety...you friends letter from the BBB stated that legal questions have to be directed to USFashCash's legal department. If they have a legal department they should be up on the new laws and not be making loans in Indiana...don't you think???

This is true but who knows with these crooks!......

Here's a copy of the laws that went into effect on 7/1/07.


http://www.in.gov/dfi/publications/UCCC/TerritorialApplication.pdf

Thanks for posting that, bikergirl! Now we can have everyone see it in one spot! :D

My gf called the DFI on friday and Dave Larson told her that she didnt have to pay it back there was nothing they could do. Morally she should be if she didnt it would be OK....She replied back to the complaint with USFASTCASH and told them basically to stick it....

Thanks all for the help.

The DFI told me the same thing. Said that if these loans were taken out after 7/1/07 that I legally don't owe them anything and there is nothing they can do about it.

WOO HOO for you guys! Sorry about their luck! :lol: I personally am doing a happy dance right now.

just curious if you send letters to the companies stating this new law that passed and they still debit your account what can you do to make it NOT happen?

Tweety...as always once they have your bank info they will take the money...you would still have to close your account to stop it.

I was cleaning out my desk yesterday at work and I found a copy of the new Indiana law that went into effect July 07- I had given a copy to my gf for her loans USFAST cash and 500fastcash. She mailed cease and desist letters and wage assignments but has not heard anything from them in about 2 weeks. Just wondering if anyone got a payday loan after July and sent them the letter of the new law? Has it helped anyone?

Tweety...my payday loan was taken over by a CA. I did pay the loan back with interest according to Indiana's laws..but they wanted more. They called me in July and asked me to pay what I owed the IPDL company they represented. I sent them a certified letter/request return receipt. The documents included a C&D letter etc. Also a copy of Indiana's new law on IPDL's. I received back the card stating receipt of the letter. The CA was in Florida..I have heard nothing from them since. So I don't know what happened...I'm assuming they just decided not to pursue it...however it doesn't mean they won't try again.