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Ohio payday and installment loan help

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Hello,

I am getting swamped in loans and need a breather and fresh start. I have some outstanding payday and installment loans. I'm not sure which one are legal in Ohio, these are all internet based.

Balance Credit: Borrowed 400 (paid 1400) balance: 138
Speedy Cash: Borrowed 485 (paid 600 installment loan) balance: 385
Spot Loan: Borrowed 800 (paid 800 installment loan) balance: 538
Money Key: Borrowed 385 (Paid 200) balance 385
Big Picture Loans: Borrowed 400 (paid $326 installment) balance 389
Advance America: Borrowed 400 (paid 228 installment) balance 395
Ace Cash Express: Borrowed 865 (paid 215 installment) balance 1100
Target Finance/Target Cash Now: Borrowed 400 (paid 224 - installment) balance 385




Speedy cash - legal
Spot Loan - illegal
Ace Cash Express - Legal
Advance America - Legal
Big Picture Loans - Tribal lender, illegal

Sub: #1 posted on Tue, 05/30/2017 - 23:43

SC SC
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(Posts: 3937 | Credits: 398.71)

Balance Credit and MoneyKey acts as a legalized Credit Services Organization (CSO) by arranging a Payday Loan between the customer and an unaffiliated third-party lender in Ohio.
Target Cash now is illegal in Ohio.

Sub: #2 posted on Wed, 05/31/2017 - 06:02

Barbara Delinsky Barbara Delinsky

(Posts: 331 | Credits: 33.21)


You should think about your affordability before taking out a bunch of PDLs. It is one of the biggest blunders that you had already committed. Now, starting fresh is not an easy task, you have to pay the principal along with the interest to all the legal lender in your state. Pay only the principal amount to the lenders who are not legal in your state.

Ace Cash Express - Legal
Advance America - Legal
Big Picture Loans - Tribal leader, illegal
Speedy cash - legal
Spot Loan - illegal
Balance Credit-legal
MoneyKey -legal
Target Finance/Target Cash Now- illegal

Sub: #3 posted on Thu, 06/01/2017 - 04:44

sanderspatricia29 sanderspatricia29

(Posts: 724 | Credits: 75.57)

File bankruptcy, if at all, you need a fresh start.

Sub: #4 posted on Sun, 06/04/2017 - 20:17

paulcahill80 paulcahill80

(Posts: 2359 | Credits: 258.2)

How do you know which ones are illegal in the state of Ohio and if you have one of the illegal ones should you then use the letter explaining you have paid the principal balance and that is it?

Sub: #5 posted on Mon, 06/12/2017 - 14:19

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