payday loan collection help
Date: Thu, 06/17/2010 - 14:14
They are cashnetusa-internet, checksmart-storefront and checkngo-storefront. any suggestions. They total over 4k and i feel like im drowning.
Cashnet is not legal in your state. Checksmart is also not lice
Cashnet is not legal in your state. Checksmart is also not licensed in your state according to Ohio's licensee look up. Checkngo is licensed.
This means that you owe Cashnet the principal on your loan. Make sure you send them a letter telling them you will only pay them the principal unless they can prove they are licensed to lend in your state. This will help you somewhat.
Go to the Checksmart location you took out the loan from and ask to see their license. If they refuse to show it or can't, report them to the Ohio Attorney General and the Division of Financial Institutions and see what the government advises you to do.
Cashnetusa is legal in Ohio, they aren't extending loans as a pa
Cashnetusa is legal in Ohio, they aren't extending loans as a payday lender, but as a Credit Service Organization, their dba is CONSUMER FINANCIAL SOLUTIONS, LLC.
Checksmart is also licensed in Ohio, I don't know where you are
Checksmart is also licensed in Ohio, I don't know where you are obtaining your information OVLG Attorney, but you are providing incorrect information,
Quote:Originally Posted by OVLG AttorneyCashnet is not legal in
Quote:
Originally Posted by OVLG Attorney Cashnet is not legal in your state. Checksmart is also not licensed in your state according to Ohio's licensee look up. Checkngo is licensed. This means that you owe Cashnet the principal on your loan. Make sure you send them a letter telling them you will only pay them the principal unless they can prove they are licensed to lend in your state. This will help you somewhat. Go to the Checksmart location you took out the loan from and ask to see their license. If they refuse to show it or can't, report them to the Ohio Attorney General and the Division of Financial Institutions and see what the government advises you to do. |
Where are you obtaining this information, it's all wrong. I am not picking on you but incorrect information in this form, could cause legal problems for this poster.
I will return with more information shortly, hopefully I have so
I will return with more information shortly, hopefully I have some ideas that may be helpful.
Quote:Originally Posted by AnonymousI live in ohio and i have 3
Quote:
Originally Posted by Anonymous I live in ohio and i have 3 payday loans that have been returned for nsf. I am in the process of closing the account but I need help in getting them taken care of and what to do. They are cashnetusa-internet, checksmart-storefront and checkngo-storefront. any suggestions. They total over 4k and i feel like im drowning. |
So, basically, you have already defaulted on all of these loans. I realize that the interest being charged by cashnetusa is outrageous, but the problem is, they are a credit service organization so they aren't required to follow the payday loan laws. Cashnetusa does have an extended payment plan, and usually they are more than willing to work with their customers, therefore my suggestion to you is to call them and work out something with them, and the same goes for the other two lenders. If you just let these go the interest will accumulate and they will eventually turn them over to collections or sue you.
I am getting this information from Ohio's Department of Commerce
I am getting this information from Ohio's Department of Commerce Division of Financial Institution's Licensee Center website. I fully realize that wrong information could cause problems and I apologize for any mistakes I have made. I will PM you the url if I can Shazzers.
Quote:Originally Posted by OVLG AttorneyI am getting this inform
Quote:
Originally Posted by OVLG Attorney I am getting this information from Ohio's Department of Commerce Division of Financial Institution's Licensee Center website. I fully realize that wrong information could cause problems and I apologize for any mistakes I have made. I will PM you the url if I can Shazzers. |
No problem.
Me and my wife have 7 payday loans, $500, $220, $200, $250, $115
Me and my wife have 7 payday loans, $500, $220, $200, $250, $115, $120, and we are desperate to get out of them, we have bad credit thoough, but we do own a 2003 Pontiac Aztec free and clear that we would love to use as collateral to consolidate these loans, if you figure out something that works please contact us at b/c this is getting ridiculous paying all these off every month and reloaning, it takes about a day and a half
Quote:Originally Posted by AnonymousMe and my wife have 7 payday
Quote:
Originally Posted by Anonymous Me and my wife have 7 payday loans, $500, $220, $200, $250, $115, $120, and we are desperate to get out of them, we have bad credit thoough, but we do own a 2003 Pontiac Aztec free and clear that we would love to use as collateral to consolidate these loans, if you figure out something that works please contact us at b/c this is getting ridiculous paying all these off every month and reloaning, it takes about a day and a half |
Start a new topic with the following information, it will help us to help you:
-Names of each pdl company.
-Whether they are store front or Internet.
-How much you borrowed.
-How much you paid so far.
-The state in which you reside.