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Midland Market

Submitted by presyous17 on Mon, 08/11/2008 - 10:05
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Do anyone have any information on this compnay. They are threatening to press criminal charges against me but will not give me any information on the loan.


That is a common tactic with them. Did you take out a pdl with them? I would not worry.

Here are your state laws for MS -

Quote:

Citation:
Miss. Code Ann. ???? 75-67-501 et seq.

Loan Terms:
Maximum Loan Amount: $400
Loan Term: Max: 30 days
Maximum Finance Rate and Fees: 18% of check
Finance Charge for 14-day $100 loan: $22
apr for 14-day $100 loan: 572%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: None (cannot renew or otherwise extend)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: NSF fee; Court-awarded fees (if disclosed)
Criminal Action: Prohibited (When check returned due to NSF)

Where to Complain, Get Information:
Regulator: Mississippi Department of Banking and Consumer Finance
Address: 901 Woolfolk Building, Suite A 501 N. West Street Jackson MS 39201
Phone: (601) 359-1031
Fax: (601) 359-3557
Regulatory Contact: Ronny Harrison,, Chief Examiner, Consumer Finance Division
http://www.dbcf.state.ms.us/


as for finding out if they are licensed in your state...seriously doubt they are but you can use the web site above.


Submitted by RoxyNY on Mon, 08/11/2008 - 10:37

RoxyNY

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