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Loan shop online - Do you have any loan with loan shop online?

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Has anyone had any dealings with the Loan Shop Online? I received a letter from them and at the bottom of the letter it also has the name LTS Management Services. I borrowed $300 and paid them so far $720. I am from Florida.

I sent them the Revocation letter and the one letting them know I know they are illegal and I am waiting to hear from the I know I have paid more than the principal in fees so hopefully they will let it go and leave ,e alone but I resent the letterto them today in hope sof hearing from them.

Sub: #81 posted on Sun, 03/27/2011 - 17:40

danettere danettere

(Posts: 281 | Credits: )

I too took a loan out with Loan Shop which I defaulted on.
My principal amount was $400. I have paid $510 or $630 (not sure on the exact amount). I reside in NY.
What are my options?

Sub: #82 posted on Fri, 04/29/2011 - 11:37


filing an AG complaint and telling them when they call to pi$$ off.pdl's are prohibited in NY and being as such you are only obligated to payback the 400.00.since they are illegal in NY anything debited in fees gets deducted from the 400.00 meaning not only do you not owe,but they owe you.file the complaint and ignore any attempts by them to try and get more $$$$ out of owe them nothing.

Sub: #83 posted on Fri, 04/29/2011 - 13:07

paulmergel paulmergel
Moderators Cum Industry Expert
(Posts: 15514 | Credits: )

Can someone tell me if Loan Shop Online is licensed in NY?

Sub: #84 posted on Mon, 05/02/2011 - 11:10


no pdl is licensed in NY as pdl's are prohibited.treat them as such.

Sub: #85 posted on Mon, 05/02/2011 - 11:37

paulmergel paulmergel
Moderators Cum Industry Expert
(Posts: 15514 | Credits: )

they are located in kansas city missouri not welmington delaware like they claim. you can contact them at [email]customerservice@loansho[/email] or at 800-488-3401..also they have another co called extra cash live...same building same co...

Sub: #86 posted on Thu, 05/26/2011 - 00:18


I live in ny and also have 3 there anyway that I can just call my bank (CHASE) and have them put a "STOP PAYMENT" to these loans.....I borrowed $300 from the loan shop and have payed over $1200.....HELP

Sub: #87 posted on Thu, 05/26/2011 - 08:25


Regardless of where they are location, check your State's Financial Code in relation to deferred deposit transactions. In most cases, the entity MUST be licensed for such activity within YOUR state - unless, of course, such activity is expressly prohibited in the first place.

See also this thread --> p?t=140835

Sub: #88 posted on Thu, 05/26/2011 - 12:03

tcraw1010 tcraw1010

(Posts: 47 | Credits: )

The loan shop are crooks !!!! I tooke out a loan for 500$ and ended up paying back double plus fees my last payment of 585 was over 80% fees!! I am on A fixed income nd it took me 4 mnths to pay them back DO NOT TAKE OUT ANY LOANS WITH THESE PEOPLE THEY ARE THE DEVIL!!!!!

Sub: #89 posted on Thu, 05/26/2011 - 19:44


yea they screw people over especially people who get paid monthly fees are even higher for them..I would close your checking account that they have access too and get in contact with a manager

Sub: #90 posted on Fri, 05/27/2011 - 14:15


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