California Payday Loan Advice needed

Before you commit to a consolidation do some research and find out if these lenders are licensed to lend in your state, if they aren't then they won't work with any company.

Agreed. Please do your research before committing to them.

However, I have been with Oak View Law Group for the past four months and it really worked well for me. They have already begin negotiating with my creditors. Hopefully I'd soon hear some good news. Also the representatives have been very cordial and helpful, and I've found them always willing to answer your queries.

But you must get your confusions cleared before joining their program.

The payday companies that i have loans with are:

Emerald Loans
Ashland Loans
Impact Cash/PDL Ventures
Ameriloan
Fat Money Loans/All American Services

And i reside in california.....can you tell me if these are legal and/or licensed to lend in the state of california???

thanks!!!!

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I also reside in CA and got myself into a horrible payday loan cycle about 2 years ago.

I think you may want to try to work directly with the lenders yourself and not too quickly if you'd like to get a better settlement.

I too had contacted several entities who said that they could help me consolidate my payday loans and get out from that hell. Although they made it sound good, if you calculate the payment they are asking you to make, they are taking an extremely hefty profit from your misery.

I closed the bank accounts that each lender were debiting and I did take the advice on this forum and spoke directly to the branch managers and was honest about my situation to ensure that I got a hard close on my accounts.

For the first two months or so, the lenders were awful! They called me both on my cell and work telephone and emailed me. I faxed and mailed letters asking that they cease contacting me at work and they did.

After about 4 months went by, nearly every lender (and there were a bunch!) offered me incredible savings. I even had one offer to settle for like $50 or something when I owed $300.

It has now been nearly 2 years since the loans became delinquent. I just filed for bankruptcy last week since I had a lot of other unresolved debt too. But, it seemed that most of the lenders were anxious to get something rather than nothing after a couple of months had rolled by. I realize that the statute of limitations had not elapsed but not one of them had filed against me.

I've read on other posts that in-store payday loans have more chance of suing you since they are inside of the state and not just licensed to do business in the state.

Best of luck to you. I know, firsthand, the pain and sleepless nights that the payday loan cycle can bring!

Hello there I am wondering if you can help me in telling me if the following lenders are legal in california.

Payday loan yes
DMA financial
Global Group midland company (global group holdings llc)

Hello,DMA finanacial aka QLoot is not legal in CA. I sent a cease and desist letter and received a refund very quickly. Wish other PDL lenders were that quick to admit their illegal

I share your pain . . . as I, too, live in California and have been dealing (quite successfully, actually) with several online PDL "lenders."

Check out (within the linked threads below) the letters I've written to those lenders whom I confirmed to be not legally licensed within the State of California to perform deferred deposit transactions with consumers of the State of California --->

http://www.debtconsolidationcare.com/forums/showthread.php?t=38263

http://www.debtconsolidationcare.com/forums/showthread.php?t=61301



FYI .... where I once had NINE separate PDLs out at once ... I have successfully ended business completely with all but two - with whom ARE actually legally licensed in California and with whom I have two more payments to make until I am done completely. It feels GREAT and I have promised myself that I will NEVER allow myself to get into that kind of nightmare mess again.