PDLs

Pennsylvania allows an Internet based payday loan company to lend legally as long as it is licensed in any US State. They would need to follow the laws of the state they are licensed out of, not the state the consumer is in.

I have been reading some of the posts for a week or so and I thought someone said that ameriloan was not legal although maybe it was in their state. How can you find out if a company is licensed?
Thanks

i hope you're not considering a payday as they are awful.

Here is the info on my PDLs

Emerald - $300 + 90 finance (paid 180)
Fast Cash Advance $300 + 90 (paid 180)
One Click Cash - $300 + 90 (paid 180)
ameriloan - $300 + 90 (paid 180)
M1Y Direct - $150 + 45 (paid 45)
DSF Loans - $300 + 75 (paid 75)
Sandpoint - $100 + 30 (not due yet)

Money and More - $255 + $45 (pd in full) then reborrowed and my bank denied payment.

Cash Transfer Centers $100 + 27 (pd in full) then reborrowed and paid in full again.

The bad thing that is that these are due on the 25th and I am already overdrawn and now my bank is denying my reguar bills payments where they had been paying them. I am trying to get my credit back on track but now I'm going to have my bill payments returned so that is going to defeat that. I'm supposed to be getting my house refinanced and the realtor wants bank statements - when he sees mine I'm sure he'll say forget it. I don't know how I got in this mess but I do want to pay my bills - I just need more time instead of everything hitting at once. Please help me figure out what to do.

I did register and the next day added more info but didn't realize I didn't sign in - so it looks like I am 2 authors when it is really just 1 - giavonnarose and giavonnarose817

I don't know if I am doing this right but I didn't get any an answer to my last couple posts -- is anyone there that can help? Please!!

giavonnarose hang in there, I'll try to do some research on some of these pdl's you have and get back to you as soon as possible! :)

thank you so much Shazzers!

Emerald Marketing is located overseas I believe, according to some of the other members of this forum they have a U.S. address in the states, but are not licensed anywhere in the U.S., which would make them illegal.
1489 West Warm Springs Rd.
Suite 110
Henderson NV 89014
Fax 1-800-496-3079

US Fast Cash???? They're the same as ameriloan if this is who you mean? They are both illegal and unlicensed. I have read they are located on an Indian reservation in Oklahoma.

One Click Cash appears to be a part of MTE Financial, making them illegal and unlicensed as well.

M1Y Direct- I am not sure about this company, they may be licensed in NV in which case you would need to follow the payday loan laws of NV.
7473 W. Lake Mead Road
Las Vegas, NV 89128
FSM Processing
10108 Summer Oak Lane, #103
Las Vegas, NV 8913

DSF Loans I can't find anything on them!

Sandpoint- is in the West Indies- Illegal/Unlicensed

Money and More- I am not sure about!

Cash Transfer Centers aka Northway Financial - is an overseas illegal company!

Fast Cash is PayDay Loan Yes and the web address is FastCash Advance.com. I looked at my contract with Money and More and they are apparently in Hemet, CA.

Can anyone tell me the difference or are they the same.

If Fast Cash is the same as Payday Loan Yes then they aren't legal anywhere.

I think giavonnarose wants to know the difference between a hard debit block vs. a stop payment

Hi Shazzers, thanks for that info. It is a big help.

Dawnlango7, yes I do have that question about a hard debit block vs stop payment. When I asked my bank they said they could only do the hard debit block if my account balance was positive and the stop payments cost $25 for each company I want to stop payment on. I'm now trying to figure out which is better since I wanted to keep my account but I don't want the illegal companies to get any more money. I actually will owe them $30 each but I thought I would send them a money order. Anyone have any thoughts on this?

Sorry that guest post is me!

typical,go speak with the manager.tell them you want your account on deposits only.stop payments don't work.the pdl's can change co names,amounts or submit a paper check.go speak with the manager.

I would do as Paul said, I learned the hard way. I had ameriloan and when I tried to block them they tried to submit a paper check for over $600...I had to dispute it through my bank & get the check denied.

Thanks for the reply. Does that mean that I will eventually have to close the account or once I send letters to the illegal ones and the rest of the money will they go away? Should I then contact the legal ones and make other arrangements with them?

You should close the account before you send any letters, otherwise they will try & debit everything they can. Contact the legal ones & see if you can work out some type of arrangement. The illegal ones will try & contact you once they realize that they can't get any more of your money...

Thanks, Dawn. Since you have experience with ameriloan do you know if they report to the credit bureaus? Did they let you alone after they couldn't get anywhere?

They left me alone after I finally settled through the BBB with them, but I actually owed them $180 so they went away when it was paid.