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Questions about online loan companies

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Hello,

I’m so glad I found this site, very informative!

My question is does anyone have any knowledge about the following lenders and if the are actually legitimate, and if they are illegal in Maryland?

MoneyKey - limited information on the site, I cannot find my loan documents to review?
$1000 principle
$ 170 bi weekly payments. $340mo

Money Lion? Same situation
$2500 principle
$ 193 bi weekly. $ 386mo

Thank you for any information you can give me!

Very much appreciated

Roy







Moneykey - Illegal in Maryland. Licensed as a Credit Services Organization (CSO) and Credit Access Business (CAB) in Ohio and Texas
Money Lion - Legal lender.

These are the general information on these 2 lenders. But as per the state laws, payday loans are not legal in Maryland. You have to pay only the principal amount.

Sub: #1 posted on Wed, 09/11/2019 - 03:17

Nick Jonas Nick Jonas

(Posts: 425 | Credits: )

Payday loans are not legal in Maryland. So, if you're facing problems, contact a consolidation or settlement company to find your way out. However, you can just arrange the principal amount and shrug off your debts.

Sub: #2 posted on Wed, 09/11/2019 - 03:26

Mabelle Page Mabelle Page

(Posts: 293 | Credits: )

Thank you so much for your help. I found out actually that what I thought Was Money Lion , is actually BetterCash.

BetterCash is charging 189% interest.
Bi weekly pmts of $193
Principle amount:: 2500
For 20 payments.

Do you guys have any information on this company? Does not seem legal because our small loan percentage cap like 24-33 %

Sub: #3 posted on Wed, 09/11/2019 - 06:43

Roy Roy

(Posts: 4 | Credits: )

Better Cash is illegal. Money Lion is also known as Better Cash.

Sub: #4 posted on Thu, 09/12/2019 - 00:30

Nick Jonas Nick Jonas

(Posts: 425 | Credits: )

They are illegal lenders, and also payday loan lending is not legal in Mary loans. So, you are liable to repay only the principal amount.

Sub: #5 posted on Fri, 09/20/2019 - 05:30

Sanders Patricia Sanders Patricia

(Posts: 1234 | Credits: )

Payday lending in Maryland is illegal so you don't have to bother about the interest, just pay the principal.

Sub: #6 posted on Mon, 09/23/2019 - 00:26

tiarajoseph11 tiarajoseph11

(Posts: 467 | Credits: )

Can you tell me if the following lenders are legal in Indiana

MaxLend
Greenpine
GreenTrust
Bridge lending
Bright lending
Elastic
Mobile loans

Sub: #7 posted on Sat, 09/28/2019 - 00:17

Unregistered


MaxLend - Tribal. Illegal
Greenpine - Tribal. Illegal.
GreenTrust - Tribal. Illegal
Bridge lending - Tribal. Illegal.
Bright lending - Tribal. Illegal
Elastic - Legal.
Mobile loans - Tribal. Illegal.

Sub: #8 posted on Sat, 09/28/2019 - 02:38

Nick Jonas Nick Jonas

(Posts: 425 | Credits: )

Thank you. If I have loans with these illegal companies, what should I do to stop collections of interest? Can I request that they do not withdraw from my account any longer? Will they take legal action?

Sub: #9 posted on Sun, 09/29/2019 - 19:12

Unregistered


You just need to repay the principal amount to the legal lenders. The collection agency can do nothing to you. Just relax!

Sub: #10 posted on Mon, 09/30/2019 - 06:44

Sanders Patricia Sanders Patricia

(Posts: 1234 | Credits: )


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