so glad i found this site
Date: Thu, 09/25/2008 - 18:40
My current messy situation is just beginning...here's the deal...
Ohio
Storefront
1st Choice Cash Advance...350 loan...52.50 interest paid twice for a total of 105
Check Into Cash...350 loan...paid 52.50 interest...then got 300 loan...paid 45 interest...then got 350 loan again today to pay another PDL off...
I think that was all the info you asked for up front...let me know if I missed anything.
Kim
Please follow the payday loan laws applicable in Ohio: - Quote:
Please follow the payday loan laws applicable in Ohio: -
Quote:
Ohio State Information Legal Status: Legal (Applies to check cashers only) Citation: Ohio Rev. Code Ann. ???????? 1315.35 et seq. Loan Terms: Maximum Loan Amount: $800 Loan Term: Max: 6 months Maximum Finance Rate and Fees: $10/$100 + 5% per month Finance Charge for 14-day $100 loan: $15 apr for 14-day $100 loan: 390% Debt Limits: Maximum Number of Outstanding Loans at One Time: One Rollovers Permitted: None (cannot refinance) Cooling-off Period: Repayment Plan: Collection Limits: Collection Fees: Bank charges (if disclosed); $20 collection charge; Court Costs; damages Criminal Action: Not Specified |
If any of the pdl companies fail to abide these laws then you can file complain to Quote:
Regulator: Ohio Division of Financial Institutions Address: 77 South High Street, 21st Floor Columbus OH 43215 Phone: (614) 728-8400 Fax: Regulatory Contact: Robert M. Grieser,, Deputy Superintendent for Consumer Finance |
I know what you mean
I am so glad I found this site too..It has been a blessing..I told myself the same thing..you tell yourself this is it and something comes up then you borrow again..but God as my witness I will never borrow from them again. They just pray on people like us..First step is to make sure you are never in that situation to begin with. Borrow from a family member or friend..I took the first step and closed my account and moved it to another bank. Sent them all Certified/Receipts letters..and some are working with me where I just pay once a month and my balance doesn't go up anymore..and I have one with Emerald Marketing which they are not..Jason.."a**hole" he has threaten to send me to the DA's office..which i filed a complaint with BBB..which I found out they have rap sheet a mile long.. you just do the best you can..I looked at what I spent a month is just refinance fees cause I have 8 loans out. It blew my mind..I has gotten me behind on my house note cause they take out their fees first..and I just said "no more" It has been nice to have some extra money on our paychecks to pay bills..Hang in there..
Hope this helped..
Take care,
