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Payday in NC

Date: Thu, 09/15/2011 - 18:13

Submitted by zeus413
on Thu, 09/15/2011 - 18:13

Posts: 7 Credits: [Donate]

Total Replies: 6


So would the following companies being legal to issue payday loans? Great Sky (GS Finance), Nationwide Cash, SGQ, INC., BDPDL, Cash Cure, Cash Jar?


What would be my next steps to resolve/eliminate these loans?


lrhall41

Submitted by zeus413 on Thu, 09/15/2011 - 18:53

( Posts: 7 | Credits: )


Payday lending is prohibited in NC. So none of the payday lenders in your state are legal. You can get rid of the debts by paying them only the principal amount. If you have paid them more than the principal amount, then ask them for the refund. Illegal lenders won???t be able to take any legal action against you. If you have any complaints against the lenders, then contact with the North Carolina Attorney General. Their contact detail is as follows:
# Address - NC Attorney General's Office 9001 Mail Service Center Raleigh NC 27699-9001
# Phone - (919) 716-6400
Glance through the following link to know about how to deal with illegal lenders:
http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html


lrhall41

Submitted by sally.nachelle on Fri, 09/16/2011 - 03:11

( Posts: 275 | Credits: )


Thank you for the help...I already received this response from Great Sky...

As clearly indicated in its Website disclaimers and the loan documents executed by you, Great Sky Finance, LLC is a wholly Native American owned Limited Liability Company located within the exterior boundaries of the Cheyenne River Indian Reservation, a sovereign Native American Nation. As such, Great Sky Finance, LLC conducts it business under Federal law and the laws of the Cheyenne River Sioux Tribe. Native American tribes have a special status under the US Constitution and as such are exempt from state regulation. Pursuant to Federal Law, Great Sky Finance, LLC is a completely lawful enterprise in any area.

You specifically agreed to comply with all terms and conditions of the Loan Agreement upon execution and return to our office located on the Reservation. Great Sky Finance, LLC relied upon your representations in good faith and approved your loan based upon such representations. Great Sky Finance, LLC loaned you the money in good faith that you would repay the note as promised. Great Sky Finance, LLC is fully within its rights to seek repayment as originally agreed.


lrhall41

Submitted by zeus413 on Fri, 09/16/2011 - 09:09

( Posts: 7 | Credits: )