Internet payday loan laws for Indiana??

You have come to the right place. Someone with knowledge of the pdl laws of your state will be along to assist you.

ladybug

Thank you!! Also, I've noticed that all of these places are NOT on the list for approved lenders in Indiana.. I have a feeling I'm getting shanghai-ed even worse than I initially feared.. in the meantime... stop payments? I have about 72 hours before the unnecessary debiting starts... and I want to avoid it if at all possible.. I want to pay them back.. just not all at once and overdraft my bank account. Thank you, ladybug for not being judgmental.. it is out of fear of reprisal that I've not sought help so far. My parents would be so horribly disappointed......

You will find the Payday loan laws for Indiana here (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

please list for us who you have loans with, how much you owe, how much in total was paid back to each( fees and principle for one total for each) are your loans internet or store front ? When we get this info we can start to help

Internet.

United CashLoans.com 390.00 (loan plus 'renewal fee'), first 90.00 will be due 10/1, then they will charge the 'finance charge' every two weeks (50.00) without paying principal down. After the 4th renewal it will be the finance charge plus another 50.00

Nationwidecash.com 200.00. Full payout is 265.00 (200.00 plus 65.00 fees to borrow) on October 12th. This is a place in NM, and they've been fair. I can pay that in full on that date and intend to.

the third one doesn't give an actual name other than Loanshop/Douglas in my online banking records. i have a customer service number for them that was listed with the deposit amount to my bank but calls to it don't put me to a live body. 300.00 plus 60.00 fee.. 360.00 set to debit on 10/5/07. can't pay it.

Alright, so since my first freak out post this morning, a lot has happened:

1. I contacted a credit counseling service (reputable, local and recommended by my county's Department of Children and Family Services!). My husband and I have an appointment there tomorrow. I also explained my internet payday loan predicament. She advised me to call into my bank.

2. Called into bank's customer service. The rep advised me of the 'no ach debit' codes that need to be put on the account, and referred me to a branch in my area that is not the same one I've been dealing with (I live in a small rural community, and come from the city originally.. and the branch manager treats transplants like sh...crap).

3. The branch manager at the secondary location listened patiently while I explained what was going on, and opened up a new account over the phone. The old one is still open, but only with enough fundage to cover what is still pending, and the new and old accounts have been prevented from accepting ACH debits.

I haven't even been here a full day yet, and the things I've learned on this site have been beyond lifesaving.

THANK YOU ALL!

Also, in reference to the payday loan companies:

I called all of them to make alternative arrangements. None of them will. I even offered to pay in full one of them immediately and they won't allow it to be paid without the loan reaching term (the smaller one for 265.00). So, the credit counseling agency stated that they *should* be able to work with said companies to recoup their losses, less the finance charges. All of these lenders are in violation of Indiana state laws (one open loan ONLY), so we shall see.

Once again, you guys are awesome! I'll be posting progress updates as they occur, and I know for sure I'll be back for more advice. This place is great!

I do believe you are dealing with at least two unlicensed/illegal lenders. United Cash Loans and Loan Shop. I'm not sure of the other.

I currently have about five internet payday loans, that I had to take out to pay bills because my husband does not work at this time and I am the sole provider of income in our home. The problem is that these loan sites all hit my checking account at once and overdrew my account, now as of today with overdraft fees I am am withdrawn by over $1,000, and I don't know what to to do. I have no alternative for money, and I am afraid that when my paycheck is direct deposited that that will be taken, and it still wont cover all of the overdraft fees that have occured. I am borderline hopeless, and don't know what to do, is there any advice that you can offer me on what to do. I want to just close my account, and pay off the balance in cash PLEASE HELP!!!!

Hello Ajudge, I'm really sorry this is happening to you. You really need to get another account open at a different bank asap! Give your new account information to your payroll dept. and ask that they deposit your check into your new account, if it is too late to change the direct deposit, ask that they draft you a check this time around until your next pay period. Call your present bank and ask to speak to the manager, tell him/her that you want a hard debit block placed on this account asap so no more withdrawals can be attempted by these pdl's and you won't be charged anymore NSF charges until you can get this cleared up! If you will start a new topic and list the names of each pdl, whether they are Internet or store front, amount borrowed and amount you have paid so far, and the state you reside in, we can help you plan a course of action to get them taken care of. :)

did you letters work?
what happened?
did you have to pay?
did they contact our work?
I am from indiana and in the same situation

Guest, it is different for every person as we have had loans with different companies.

If you list the companies we can help you further.

Some members have had dealing with certain ones so they can share their experiances.

I assume you are also in IN?

I found out over the weekend that my husband has 5 out of state payday loans. They have been wiping out our bank account the last month and taking most of it since January. I am on SSD. We are about to go into foreclosure because he they have been taking the money and my husband didnt want to tell me what he had done. Is this legal for them to do so. They say he has 8 more payments to go. I am running scared

I found out over the weekend that my husband has 5 out of state payday loans. They have been wiping out our bank account the last month and taking most of it since January. I am on SSD. We are about to go into foreclosure because he they have been taking the money and my husband didnt want to tell me what he had done. Is this legal for them to do so. They say he has 8 more payments to go. I am running scared

What are the names of the companies? Are they internet or store front loans?

It is Legal if he applied for the loans and received the monies.

It is Illegal if they are unlicensed and overpaid. Please provide the information nohiogal requested so we can furthur help you. Hang in there :wink:

500fastcash.com
instant cash USA
ameriloan
littleloanshoppe
Discountcashadvance

All of those companies are unlicensed in IN.

Go here and read up on the steps to take when dealing with unlicensed/illegal lenders.

For these lenders you only owe the principle amount, which is the amount you borrowed.

I would like to recommend to Guest and Pearl to start a new thread.

how do you start one

Click on the forum Payday Loan Help and go to New Topic. Your post will get more visibility rather than tagging on to an old thread and you will get more responses.

does anyone have addresses for the following payday loan offices?

500fastcash
ameriloan
discount advance
fast cash now
little loan shoppe
instant cash
first bank of Deleware loan

thank you

I was in trouble with 4 payday internet loans. I sent all but one a revocation letter, to my surprise they sent a paper check thourgh my account. I immedialty went to the bank and closed the account and opened a new one. The person helping me was great. My loans were Loan Shop, United Cash Loans, Ameriloan, and High Country Ventures. All we renewed 4 times and in the process of being paid off. Are these payday loans legal in Indiana. I cannot find an address for High Country Ventures can you help. They are now starting to send me nasty emails and phone calls. What can I do?

Try typing the name of the pdl in the search box located in the upper right hand corner of this forum, you should be able to locate the rest of the addresses that way.

Ameriloan
3531 P Street NW Miami, OK 74355
Phone 800-362-9090

500fastcash - They are also affiliated with MTE
"customerservice@500fastcash.com"
500 fast Cash
515 GSE
Miami Ok 74354
888 339 6669

little loan shoppe
1801 W Broadway
Suite 201
Spokane, WA 99201
us
+1.5093288600 Fax: +1.5092321108

I have tried typing the pdl address, but it takes me to a different site. Are these legal in IN, Ameriloan, United Cash, Loan Shop, High Country Verntures.

2 Years ago I received a $200.00 amount from a payday loan deposited into my account. I never applied for this loan, for 6 months they withdrew a $60.00 renewal fee every payday adding up to $630.00. I finally stopped payment to them and on 4/15/2009 at 8pm I received a phone call that they sent my file to a legal office called R&G assoc., which happens to be law firm in Pakistan! What do I do? I have no loan documents or any proof that I signed for this loan!

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Yes.

There is nothing a supposed Pakistan law office can do to you as a U.S. citizen. The loan you probably recieved was from an overseas based lender and now they are trying to scare you into paying more money.

You said you never applied for it, then you could have had the bank reverse the deposit if that was the case. What is the name of the PDL company that deposited the money??

The company is debt doctors, i finally found a phone number and checked the BBB and found a rating F. They are located in Wentzville, MO 63385 P.O. box 126. I did not know you could reverse the loan, I left it in the account hoping that they would take it out the following payday but it never happened, I just now found out who they are 2 years later.

Question? when I had the bank stop payment i first asked them if they could pull up any info on them and they said no, that there was no info on them and could not help me they then gave me advise to stop payment.

What is your question? That the bank can give info and did not?

I am not quite understanding.

I asked the bank if they new where the loan came from and if there was a company name, phone # etc., they told me that they could not pull up any info on this withdrawl from my statement. I asked them what should i do and they told me to stop payment and see if they notify me.

I guess my question is, can they come after me 2 years later for a loan that i did not apply for. Do i have a fight against them for fraud by accessing my account and taking $630.00 worth of fees, can I get it back? I would rather have them dissapear! Sorry I sound confused, I am confused!

I guess my question is, can they come after me 2 years later for a loan that i did not apply for. Do i have a fight against them for fraud by accessing my account and taking $630.00 worth of fees, can I get it back? I would rather have them dissapear! Sorry I sound confused, I am confused!

I guess my question is, can they come after me 2 years later for a loan that i did not apply for. Do i have a fight against them for fraud by accessing my account and taking $630.00 worth of fees, can I get it back? I would rather have them dissapear! Sorry I sound confused, I am confused!

I guess my question is, can they come after me 2 years later for a loan that i did not apply for. Do i have a fight against them for fraud by accessing my account and taking $630.00 worth of fees, can I get it back? I would rather have them dissapear! Sorry I sound confused, I am confused!

I guess my question is, can they come after me 2 years later for a loan that i did not apply for. Do i have a fight against them for fraud by accessing my account and taking $630.00 worth of fees, can I get it back? I would rather have them dissapear! Sorry I sound confused, I am confused!

What was the name of the PDL?

debt doctor!

Guest HERE is some more info on Debt Doctor.

Looks like this company is into scaring folks into paying a ridiculous amount of money. If you never applied for a loan with them. I would tell them to kick rocks :wink:

I live in Indiana and have loans with e-payday-loan.com and midwestloancenter.com neither of which I can find licensed in our state. I am going to use a copy of the email that was generously provided by another user and start there, but can anyone tell me if these two companies are or are not allowed to loan in Indiana... Please Help.. Thank You!

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They don't tell you this, but they will work out payments with you. They try the hard core approach first. If they think you are going too claim bankrupcy they are quick to be agreeable because they know they will not get full payoff.

If they are not licensed, then you are not liable. It will not stop them from trying to collect over the phone with threats etc but it removes your liability on the debt.

No matter what they say, they cannot and will not take you to court over it.

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I have three payday loans out, I also live in Indiana, and since they unexpectedly cut off my overtime I cannot pay them right now like planned. I have one from mycashnow.com for 450 plus 85.65 fees and intersest, I have one from ameriloan.com for 350 plus 105 fees and interest; and one out from 500fastcash.com for 200 plus 60 dollars fees and interest. Can anybody help me to know what to say to them now that I unfortunatly cannot keep our agreement as scheduled. I want to pay them back but cannot at once. Thanks

I am writing to find out how can you find out if a payday loan is legal in your state. I am concerned because I have also fell vulnerable to pdls and now I am trapped by them. I want to pay them back, but they are not willing to negotiate with me. I deal with usfastcash.com, 500fastcash.com and discountadvances.com. They are not willing to allow me to work things out so that I could pay them off. I offered to pay the fees, and then break the principle into two pymts, but they declined and said that I would be renewing if I just pay the interest fee, which means it would be an ongoing thing withdrawn from my account. So I need to know if they are legal in louisiana.

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I have 3 payday loans out at the moment. I am also in bankruptcy as of right. What do i need to do.
I have 1 with Payday One for 400 the 2ND 1 is USA Cash Net for 200 but i got it down to 70 dollars and now i have another 1 with Speedy Cash I live in Dallas TX and i need help not going to have the money to pay them. need so advice and when i called a company they told me i dont have over a 1,000 to do a consolidation.. Can they take Legal action against me if i dont pay them back and i close my account.. Oh yeah there all pay day loans also.

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So do you think Speedy Cash can do anything to me? I was able to do it online and we do have the stores up here.. Do you think Payday One will help me out with a payment every week but not for the 96 every 2 weeks