is Mobiloans legal to Florida residents? is it a CSO?

Date: Thu, 07/18/2013 - 17:31

Submitted by anonymous
on Thu, 07/18/2013 - 17:31

Posts: 202330 Credits: [Donate]

Total Replies: 5

I have defaulted on a payday loan and I was wondering if the loan was legal to begin with. Florida's maximum loan amount is $500 and I borrowed $900. Of course, this happened before I read articles on this forum. I haven't paid anything so far, but my account is closed. Do I just owe them the $500? Or the $900? Help!

You owe principal only...no

You owe principal only...no fees and no interest. They illegal. Follow the link in my signature line.

lrhall41

Submitted by SOAPLADY on Thu, 07/18/2013 - 17:35

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Do as soaplady says, they are

Do as soaplady says, they are illegal and cannot do anything to you. FL closed its CSO loophole a few years ago so unless they have a license they are illegal.

lrhall41

Submitted by tousi76 on Thu, 07/18/2013 - 20:21

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Thanks so much. I've been

Thanks so much. I've been extremely stressed out over this!

lrhall41

Submitted by anonymous on Fri, 07/19/2013 - 09:33

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hang in there. It does get

hang in there. It does get better.....we are all here to help when you need it!!

lrhall41

Submitted by bingonut on Fri, 07/19/2013 - 09:50

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Won

I thank you for your posting, send ACH revoke letter. and waiver wage assignment. they sent be letter stating My account is closed and paid in full. Plan Green is still trying to get their full amount. I borrowed $250.00 and paid 55.44 ever two for 2 months. they still want almost 200.00. They illegal , Please tell your bank you have check fraud. Speak to an officer to get acct number changed,. Do not supply these companies with your new checking acct. number.

lrhall41

Submitted by anonymous on Tue, 10/08/2013 - 17:21

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