GetCash USA legal in OH?
Date: Sun, 07/28/2013 - 16:51
Ohio Payday Loan Laws - State
Ohio Payday Loan Laws - State Legal Status
Lending of payday loan is considered legal (-Low Cost) in the State of Ohio. Licensing Requirements: Online lenders must be licensed in Ohio.
Loan Specifications
Maximun Amount of Loan - $500
Term of Loan - 31 days
Maximum Rate of Finance and Fees- 28% per annum
Finance Charge on $100 loan for a 14 day period - $1.08
APR for $100 loan for a 14 day period - 28%
Debt Limits
Maximum Number of outstanding loans permitted at a time - 1, 4 per year
Permissible number of Rollovers - None
Cooling-off Period - Limit of 2 loans in 90 days
Repayment Plan - Yes, available. 60 days time period. No fees.
Limits of Collection
Collection Fees - a) Bank charges (if disclosed); b) Collection aharge of $20; c) Court costs arising after default; Damages
Criminal Action - Prohibited
File your Complaint and get Information
Regulator - Ohio Division of Financial Institutions
Address - 77 South High Street, 21st Floor Columbus OH 43215
They are licensed lender. How
They are licensed lender. How much did you borrow from them? You are responsible to pay them both the principal and interest.
They are legal in Ohio -
They are legal in Ohio - licensed to do business, the best thing you can do is call them and see if they can offer you an extended payment plan.. You will not know what they can offer until you call them.