Pay day loans in Ohio
Date: Sat, 05/04/2013 - 16:08
I have recently found out that a few payday loans that I have that the companies are not licensed in the state of Ohio. Can you please confirm whether or not the following companies are licensed to provide PDL's in the state of Ohio. The first two I am almost certain are not legally licensed.
mypaydayloan.com
magnum cash express
bottom dollar payday
Action payday loans
ACE cash express
check-n-go
Any help you can provide for me would be greatly appreciated. I am going to continue the search also, but if any or all of these companies are not legally licensed in the state of Ohio, I would like to confirm this prior to my next conversations with these companies, and prior to making any commitment to schedule payments.
I can be reached at removed personal information - answers will be here.
Thanks for your help,
Bob
magnum cash express and
magnum cash express and bottom dollar payday are based offshore.
Payday lenders need to have a physical presence in the state of Ohio. Online payday loans are illegal unless they also have a storefront location in Ohio.
Actually an online lender
Actually an online lender must be licensed to lend in Ohio.. Ace cash express is licensed to lend in OH.. you can check here for all - Ohio Division of Financial Institutions - https://elicense2-secure.com.ohio.gov/Lookup/LicenseLookup.aspx- I found Ace there - Check n go's corp office is in Cincinnati, OH so guessing they are licensed to lend.. The ones that are licensed to lend you can contact them for Expended Payment Plans or you can let go into collection and work out a payment arrangement that may be more suited for what you can afford - you will want to speak to some one at the corporate level to get this done more than likely, from my experience store front level is not as willing or capable of working this out.. I would deal with getting these paid first.
Magnum cash express, bottom dollar payday, my payday, and action payday are all based offshore - very unlikely you will find at all. for these I would follow the steps in this link on how to deal with - http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html - You are only morally obligated to repay principal to these that are not licensed to lend in OH - minus anything already paid to them to date. once they agree to what you owe and how you are going to pay by mail only then you will pay any remaining principal on these.
