Payday loan trap
Date: Fri, 08/01/2008 - 07:16
I have four payday loans and I would like some assistance with dealing with my payday lenders. My lenders includes cashnetusa; NLS payday; huskhawk; Money & More Money cash advance. I live in Maryland and I have recently closed my bank account. What Should I do next?
Have you tried talking to any of the lenders to see if they are
Have you tried talking to any of the lenders to see if they are willing to accept some sort of payment arrangement?
Are any of these Store front lenders?
I know Cashnetusa will call you over and over until they agree to an acceptable payment arrangement. I am dealing with cashnet myself right now.
PDL's are prohibited in MD but CashnetUSA is operating as a CSO,
PDL's are prohibited in MD but CashnetUSA is operating as a CSO, you will need to make payment arrangements with them, have you defaulted on any of these loans yet? How much have you borrowed, and how much have you paid back to each one, so far?
Quote:
Business Information Legal Name: CASHNET CSO OF MARYLAND, LLC Trade Name: CASHNETUSA Business Type: Limited Liability Company (LLC) Street Address: 200 W. JACKSON BLVD SUITE 2400 CHICAGO, IL 60606-0000 License Information Category: Installment Loan License Number: 2039 Expiration Date: 09 - 24 - 2009 Original Issue Date: 09 - 24 - 2007 Federal ID Number: 204956150 Status: ACTIVE |
Quote:
Maryland State Information Legal Status: Prohibited Citation: Consumer loan act applies. Md. Code Ann. Com. Law II ???? 12-301 et seq. Small Loan Rate Cap 2.75% per month; 33% per year. Where to Complain, Get Information: Regulator: Maryland Commissioner of Financial Regulation Address: 500 North Calvert Street Suite 402 Baltimore MD 21202 Phone: (410) 230-6100 Fax: (410) 333-3866 Regulatory Contact: Michael Jackson Director, Regulatory Policy Regulator????????s Website |
