question on legal paydays

Date: Mon, 10/19/2009 - 06:57

Submitted by anonymous
on Mon, 10/19/2009 - 06:57

Posts: 202330 Credits: [Donate]

Total Replies: 4

If paydayone is legal then doesn't it have to be licensed also in Mn.? I don't see it on the Mn. link you provided. I thought all paydays have to be licensed in Minnesota to be legal. And just to clarify, are these loans illegal? Thank you
oneclickcash, unitedcash, cashadvancenetwork, magnumcash, loanshoponline

paydayone could be a CSO(credit service organization).yes all th

paydayone could be a CSO(credit service organization).yes all the others are illegal everywhere.

lrhall41

Submitted by paulmergel on Mon, 10/19/2009 - 07:02

( Posts: 15514 | Credits: )

Thank you so much. I have learned so much from this forum and c

Thank you so much. I have learned so much from this forum and continue to learn. It has given me strength, encouragement and hope. I sure couldn't have tackled these companies without your advice. I feel like I am getting my life back which I haven't had for years due to this mess.

lrhall41

Submitted by on Mon, 10/19/2009 - 07:27

( Posts: | Credits: )

If feels good doesn't it? Good luck to you I am confident it wi

If feels good doesn't it? Good luck to you I am confident it will all work out for you.

lrhall41

Submitted by kfstaff24 on Mon, 10/19/2009 - 07:42

( Posts: 1448 | Credits: )

I would recheck my contract with PaydayOne, they may be listed a

I would recheck my contract with PaydayOne, they may be listed as a personal loan lender. If they are listed as a Payday lender you may want to call your DFI at (651) 296-2135 and ask them. I do know of one instance where PaydayOne was NOT licensed to lend in a particular state but I can't remember which state is was so give your DFI a call to be 100% sure, but first look at your contract and see if they are in fact showing they are a payday lender.

lrhall41

Submitted by Shazzers on Mon, 10/19/2009 - 07:54

( Posts: 17344 | Credits: )