Florida Pay Day Loans

They can't file criminal charges against you.

Hi Crazy Debt,

Here are the payday law's for FL. The do have some companies that are operating as CSO's & they would be legal. If you list the names of the companies, how much you borrowed, how much you have paid including fee's, we should be able to give you some more advice:

Florida State Information here http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

Zip19 Borrowed $500 - have to pay off in full every pay day on this one and then I just reborrow.
Pay Day One - Borrowed $300 - Paid $320
United Cash - Borrowed $300 - Paid $430
500Fast Cash - Borrowed $300 - Paid 275
CashAdvanceNetwork - Borrowed $300 Paid $90
CashStarGroup - Borrowed $300 paid $90
VIP Cash - Borrowed $200 Paid $100

Thanks for the info, let me check to see if any of them are legal. I don't think that United Cash or 500 fast cash are, but I'm not sure about the others...

I can tell you for sure the 500Fastcash is illegal. You only owe them $25.

I have had a couple of loans with them in the past. This time, after I had already paid over the principal amount, I closed my bank account and sent them an email stating since they were illegal in my state, and I had overpaid them I was not going to pay any more. I have since gone to their website and the account is marked as Paid in Full. I still get emails from them offering new loans!!! :shock:

Anyway, you can find examples of letters in other posts.

OK, here is what I found on the companies:
PaydayOne - legal - you would need to work out an arrangement with them

Zip19 - illegal - do you have a current loan with them? If so you would need to pay back the amount borrowed only
United Cash Loans - illegal - they owe you $130
500fastcash - illegal, as stated above you owe $25
CAN - illegal - you owe $210
CashStar - illegal - you owe $210
VIPCash - ? - i'm leaning toward illegal, if so you owe $100

What next??
http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html

Here is a letter you can use for the illegal companies. You would need to update it for FL:
Revocation letter format http://www.debtconsolidationcare.com/forums/revocation-letter.html

I also have payday loans in Florida and am looking for help I am in way over my head and do not know what to do. Here is a list of what my husband and I have:

Impact Cash borrowed $300 have paid $740 with fees and some payments to principal

United Cash Loan borrowed $400 have paid $1060 with fees and some payments toward principal

One click cash borrowed $400 have paid $1060 with fees and some payments toward principal

Cashstar Group borrowed $300 paid $90

Sandpoint Capital borrowed $300 paid $90

Paragon Processing borrowed $300 paid $180

JD Marketing borrowed $300 paid $360

Titan Group LLC borrowed $300 paid $180

Arrowhead Investments borrowed $300 paid $630

Mesa Financial borrowed $400 paid $120

The Cash Spot.com borrowed $500 paid $250

The laws posted above for Florida DO NOT APPLY to internet lenders. Florida uses the Chapter 516 of the Florida Consumer Financial Act for small loans. It puts a 15 percent cap on them and requires them to be licensed regardless of their geographical location. The law was just amended recently but I can't get a reply from Sam Whited at the office as to its interpretation. However if they are not licensed they are not collectable. That applies to all small lenders. The laws posted above are designed for the storefronts who are strictly governed in Florida.

Florida statute 516 is called the Florida Consumer Finance Act and is the only law that is really applicable to Internet lending. It regulates loans under $25,000 and states that 18% per annum is the maximum interest rate that an UNLICENSED company can charge on any loan. It specifially states that any loan from an unlicensed company with a rate of interest higher than 18% is NOT ENFORCEABLE in Florida. That means that they cannot sue you to collect on the debt.

You can look up which companies are registered at http://www.flofr.com/ under "CF Businesses." I am also attaching the list to this post in excel.

Licensed companies may charge between 18% and 30% per annum, but there are only about 125 different companies that are licensed.

This law does NOT apply to companies operating under bank charters, etc.

PM me for more details if you need further help with this.

Thanks for that post! Why is it that half the people at the FLDFS do not know that and constantly give consumers the wrong info.

I have about 7 internet payday loans. I live in Ohio and I just want to make sure that if I have paid the loans twice over in service fees can they sue me. I closed my bank acct because they were causing my acct to overdraft in numerous fees. They are calling me at work constantly. This lady from Fox Enterprises called today and said I took out a loan for $300 and owe $512. Is there anything I can do? This has really stressed me out. It's nice to know that I'm not alone!

I have loans from:

500fastcash
payday loan yes
one click cash
Geneva Roth
SSM
CMG
Fox enterprises

Hi MP,

Hang tight for a moment and I will post the law's for Ohio and some info that may help you. :D

Hi MP,

Here are the law's for Ohio:


Ohio State Information here..
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

Here is the info on your companies, I looked them up in the Ohio database & didn't find any of them. If you can tell how much you borrowed & how much you paid for each one:

500fastcash ???????? not licensed
payday loan yes ???????? not licensed
one click cash ???????? not licensed
Geneva Roth ???????? not licensed
SSM ???????? not licensed
CMG ???????? not licensed
Fox enterprises ???????? not licensed

And here is the letter you can use to send them. You will need to update it for your situation:

What to do next ?
http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html

and revocation letter here http://www.debtconsolidationcare.com/forums/revocation-letter.html

Hi Dawnlango7..Thanks for the info. I really appreciate your help. I am going to get the amount that I have l and the amount paid on them. I was trying to register on this site, but am having dificulty doing it. Any help....Thanks

Hi Dawnlango7..I figured out how to register. Thanks

Your welcome :D

Hi Dawn here is what I've paid on these PDLS. Thanks MP

500fastcash -borrowed $350/ pd $210 in fees

payday loan yes -borrowed $350/ pd $420 in fees

one click cash -borrowed $300/ pd $410 in fees

Geneva Roth -borrowed $600/ pd $360 in fees

SSM -borrowed $300/ pd $360 in fees

CMG - borrowed $250/ pd $525 in fees pd $ towards priniciple

Fox enterprises -borrowed $300 /pd $360 in fees

Midland Financial-borrowed $300/ pd $180 in fees
_________________

Does anyone have addresses for these companies? I want to send them letters. Thanks

Hi prudes6,

Here is a breakdown on the companies:

500fastcash ???????? you owe them $140
payday loan yes ???????? they owe you $70
one click cash ???????? they owe you $110
Geneva Roth ???????? they owe you $240
SSM ???????? they owe you $60
CMG ???????? they owe you $275+
Fox enterprises ???????? they owe you $60
midland - illegal - you owe them $120

I will look up the address's and post them in a few minutes...

Sorry, that was me, I wasn't logged in :)

Here are the addresses for the companies:

Quote:

Thanks for the info. I have already filed a complaint my AG regarding Fox Enterprises and Midland. What should I do now with the ones that owe me money. Should I provide this info to my AG office(the rep thats working on my complaint). Fox enterpises called me and said they represent Midland as well. The guy was calling form Glacial Star Group in NY. I asked him for their address and he was very hesitant in giving it to me. I told him they were legit why is he not wanting to give it to me. I told him I was working with a third party and they would be contacting them. He tried his best to get the 3rd party info from me. The address he gave me is

150 Motor Parkway
Suite 103
Hauppage, NY 11788

From your experinece do you think I will get anywhere with these people? Refund, PIF letter, etc?
Can you also please tell me how to change my user name on here?
I really appreciate all your help on this. You are a Gem!

I would report them all to the FTC, attorney general and the BBB. I was able to get settlements/PIF's and in 1 case a refund through the BBB. I would also look up Glacier to make sure they are licensed to collect in your state. Some of the pdl companies will use an unlicensed/illegal collector to try & get the rest of their money.

First, I have about (5) PayDayLoans in Floridafrom 2007..all internet.
-Cashnet-(licensed)-$450-Already made arrangements
-Arrowhead-$500-made arrangements, I guess
-Shop Online-I cannot get anyone on the phone
I have absolutely NO clue about the other two because they changed names....

Now, for the past couple of days all these evil "Investigators" have called my parents home.
My main concern is from a company called Legal Jurisdiction Support Services LLC. They called my previous employer, spoke w/ one of my co-workers who advised them that I no longer work there. Then they told her if I do not call back I will publicly humiliate myself. She then asked if they were from collections and he smugly stated, "she wished ma'am". She must contact us immediately or legal action will follow.
I freak naturally. I call the number back and I speak w/ a young guy who tells me that a summons has gone out, and asked if I had firearms or large animals at my home. He then stated that the amount I owe is about $1600. I then asked who is this for? He finally states Arrowhead Investments. He was very concerned that I was upset and talked to the "lawyer" and now I owe only $586. They scared me so much that I paid $250 today and they will take the balance on 12/30.
After researching I found out that these tactics were in fact illegal , Arrowhead is not registered in Florida as well. They also said the collections agency for Arrowhead tried to reach me. Untrue. This was NOT even on my credit report.I called an attorney, and then called the company back to get an address. The line was disconnected. I tried another line and some woman answered. I told her about the disconnected lines.
I called the number back and magically they worked!!! I called her back for an address and she abruptly said " You are not getting out of this" and hung up!!
My questions are:
I have NO idea what I owe and to whom..I am scared because I do not want to be summoned or taken to jail.
I read in another forum that they cannot use the "bad check" charge if it is an ACH draft...is this true? How do I find out what other PDL companies say I "owe" money?...HELP PLEASE!!!

You are not going to go to jail. they are just trying to scare you. Hang in there...

Have to PDL's One is with the dreaded Loan Point USA/Chieftan Fnd Inc. I don't even remember borrowing this one. I assume it is $300, I have paid $539.99!

The other is PayDayMax.com, $500.00, I have paid $325.15 so far.

Can you give me the info like you did the others , so I can move forward on getting rid of them please! You guys have been a God send.... I have been reading this site for a few days!

Thank you so very much

Just got a PIF full email from CMG. I filed a complaint against them with the BBB. One down seven to go.....Yeah...Thanks for everyones help on this site!

Congratulations :D

Just got another PIF from One Click Cash through the BBB...Yea!!!!!!

Congrats :D

I took out a payday loan over the internet from BMG Marketing Group and now have change their name to JHS Marketing the loan was for $250 dollars and i had to close my account due to overdraft charges and now they say i owe $402.50 and they are going to turn me over to Clark County Nevada and take me to court can they do that and i only missed two payments and they have been refinancing every two weeks since January. Pleas help they called my job.

so, is emerald marketing legal in florida?

Hi i live in florida and i remember applying for a payday loan online but i never got any money from anyone and now i am receiving calls from payday loans that i owe 600 to 800 dollars and i am for sure that i never got any money from them what can i do? and they also threaten me to send me to jail if i didnt pay them back immediately. I forgot who the "lenders" were but next time they call me ill ask.

could you tell me if these companies are legal in florida. little loan shoppe, impact solultions, my cash now

I have loan with

ssm llc 300 now 460
onelick cash 150
emerald marketing 200
kingstion Financial 200.00
beacon 200.00
united cash loan 200.00

Are the payday loan people above legal

internet or store front, how much have you paid and what state are you in...

Hi I received a call from a person stating they are coming to serve me at my home in Florida regarding a payday loan, they did not have my correct address nor my e-mail address. I did take a few out in 07 but I honestly don't remember form whom, I lost my job, my home and was about 6 months pregnant at the time with my first so, memory really wasnt too clear then, I slepted a lot and was really ill. Either way, what are the Florida laws on this loan company and the collections company that purchased it. Please help me i am curious to know because they are very sneaky and obviously not in Florida. Below is a copy of the letter they sent me and correspondances there of.

Thank you,

RE: CASH NET USA
Original Loan Date: 1/26/07
Account No. 144524
Case No. 10234826
Amount Owed: $1,068.00
Settlement Amount offered: $744.10
One Payment Settlement offer: $461.44
our account is over 90 Days past due. The following actions may be taken against you:
?? A Summons will be filed according to your States Bad Check Laws.
?? The cost of Collection Agency Commission Fee (22% of the Amount Due) will be added to your account.
?? The debt information may be listed on your consumer credit report and or Chex Systems.
?? Civil Judgment may be executed against your wages, real property or other personal assets.

NOTICE TO JUDGEMENT DEBTOR: In the event your money or property is taken or held to satisfy judgment, read the following carefully:

YOU MAY APPLY ANY FROZEN CASH TO YOUR JUDGEMENT.
If your bank accounts have already been frozen, please contact the person sending you this letter promptly because the money may be applied to your judgment.

To make arrangements by phone, please call 716-462-5680 and ask to speak with someone in the outsourced legal department. You may also make a payment at www.payiag.com.

--Unless you notify this office within 30 days after receiving this notice that you dispute the validity of this debt or any portion thereof, this office will assume this debt is valid.

--This communication is from a debt collector. This is an attempt to collect a debt, and any information obtained will be used for that purpose.


PLEASE INCLUDE ACCOUNT NUMBER ON YOUR CHECK OR MONEY ORDER
--------------------------------------------------------------
.the amount owed is due to interest/fees accrued to date, feel free to contact cash-net usa, your debt was purchased from them, they will tell you to call us.. moneygram info is as followed.. Company name is IAG, City Code is Amherst, State Code NY, Receive code 6842, account # 144524... if you need any other info let me know... We're Here to help.

Is vip cash license in the state of Florida? and can you tell me where they are located?