Help in Ohio

i live in Ohio and i learned that the internet ones are illegal.

So your telling me that the internet loans do not need to be paid off? I appreciate any help I can get here, as the situation appears bleak to me.

Who is the storefront loans with? They may be a member of CFSA where you are intitled for it to broke down in 4 payments with no extra fees added.

Some storefront are real nice and allow you to pay 50 dollars a month also.

You should be able to email Payday OK and get payment arrangements with them. I would inform them that their company company is in violation of Ohio Rev. Code Ann. ???????? 1315.35 et seq which states that there is no rollover allowed and may only charge interest rates of $15 for every $100 loaned. I would ask that they allow you to make payments towards the principle and then be considered paid in full. I found them to be very easy to work with and it can all be done in email. Let me know if you need help with them. I am in Ohio as well. I do believe if you borrowed $600 from them, you need to repay them $600 but nothing more since they are not licensed in Ohio.

Storefronts: Check Into Cash, First American. Cashland, and Ace

Okay anyone know what I can do about the storefront PDL's?

I dealt defaulted with First American and Cashland. First American wasn't very willing to take payment arrangements. They actually deducted the amount I owed them out of my account electronically after I told them I would be in to pay them on the following Friday so watch out for that!!! Cashland will send you to their in-house collectors and they will make payment arrangements with you. However they will want more than you can afford. Once they see that you can only pay so much every week, payday, etc., and as long as you are making regular payments towards your balance and you keep in contact with them, they will work with you. Just stick to what you tell them and don't miss any payments. Don't avoid their collection calls though because they do not give up.

the other internet loan is through American Consumer Credit (The Cash Spot), are they licensed in Ohio? Or are thye like Payday Ok?

Check Into Cash is a member of CFSA. Becuase they are a member of CFSA You can get an EPP (extended payment plan) with them. What this means is that you can go to the storefront BEFORE the due date of the loan, invoke the EPP. When you invoke the EPP, you will sign an amendment to your loan documents. This amendment will list a payment plan to repay the loan amount in 4 equal payments until it is paid off. There will be no more fees added on and all collection activity will stop. Here is the web siter for CFSA if you want to do a little more research. http://www.cfsa.net/about_cfsa.html

As for ACE, I would try to make payment arrangements with them.

I haven't heard of The Cash Spot! That is a new one for me! I am sure someone will be along soon that will know something about them.

The internet one's are illegal in Ohio?? Are you sure about that?? I know rollovers and things like that are illegal in Ohio, but i'm pretty sure PDL's in general ARE legal in Ohio.

cturner, you're probably thinking the "pdls in general" are legal in Ohio because Ohio does not prohibited pdls. They have storefronts. Sassnlucy lives in Ohio. Sassnlucy has dealt with both internet and storefront. You can trust her.

So, is she saying that all internet PDL's are illegal or not?? I'm sure this is not the case. Actually i'm positive that is not the case. I think she may have been referring to the internet PDL's the original poster was talking about and not online PDL's in general. Sorry for the confusion. I wish they were illegal in Ohio.

cturner, you're correct. I read her post regarding PayDayOK. What she was stating is that PayDayOK is not licensed in Ohio; however, PayDayOK is licensed in another state. So she was stating that PayDayOK needed to follow her state law regarding rollovers and fees. Some internet pdls are not licensed anywhere. No license = illegal. So it would depend upon the internet lender. For example, CashNetUSA is licensed/legal. For example, One Click Cash is not licensed/legal. So it depends on the actual internet pdl.

Gotcha. thats for the info.

Anytime! If we can help with anything, we are here! Just ask away!

Internet payday loans are legal in Ohio, if the company has a license in this state. Payday OK does NOT have a license to do business in Ohio. However, some internet lenders do, such as CashNet USA. I hope this clears things up. Also, if you are dealing with an illegal lender in Ohio, please contact the attorney general's office for assistance. They helped me out with all of my illegal internet loans and they are really serious about helping Ohio's consumers. :)

THANK YOU, SASS! God, I was hoping you'd come! :D

Is there a site whee I ca nfind out what payday lenders (internet) are legal in Ohio?

Whoops, I worder that wrong, is their a government site for Ohio that I can reference to see if a internet loan company is licensed in Ohio?

http://elicense2-lookup.com.ohio.gov/SearchCriteria.asp

This is the licensing web site from the state information on paydayloaninfo.org. Hope this helps.

As far as the storefront companies, I was told by all of them in Ohio that they would file criminal charges against me, contact my employer, etc..if I did not pay the loans immediatly.

Hang on, t. We're going to get an Ohio resident here to help you out. Just hang in there! :wink:

Tes, if you communicate with them and try to make payment arrangments with them and keep them, they are not going to file criminal charges against you. As long as you keep in contact with them, they will have no reason to contact anyone but you. They will contact your references if you do not return their calls. I have defaulted on quite a few storefront loans and none of them filed criminal charges against me. They never contacted my employer either but they will go to every length to get in contact with you if you don't communicate with them.

did you find out who amcash is and a contact number because the same thing happened to me.

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Does anyone know how to get a hold of Payday Ok? I owe them money from a couple of years ago and would like to take care of this debt. But I don't have a number or address for them.