In Ohio-Internet Payday Loans

I am not sure of the legality of the others but Cashnet USA is operating legally in Ohio so that is the first one that you need to handle. They can be nasty and can take you to court. Make payment arrangements with them asap but only what you can afford. They will not want extended arrangements but they will apply anything that you send them to your account!

Rollovers are not permitted in the state of Ohio are they Sassnlucy? I will post the Ohio laws shortly. Hang on a minute.

I'm pretty sure that unlicensed internet PDLs are illegal in Ohio. Rollovers are definitely not allowed--any money you paid as a rollover would have to be applied toward the principal.

Nope, they aren't permitted, I thought so. :?
You will find the Payday loan laws for Ohio here (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

Shazzers and cdollar you guys are both right. No rollovers permitted and the unlicensed ones are illegal. The AG's office really helped me with getting several of the illegal ones off my back but none that are listed here. I think they are all illegal though. I have never heard of Zip 19 but that definitely sounds illegal!!!!!

You can do a search to see if any of those are licensed here:
http://www.com.ohio.gov/fiin/

So basically, all that momofthree is LEGALLY (not ethically) responsible for is the Cashnet loan--is that right?

How does Cashnet operate legally if they are an internet lender?

Zip 19 is definitely a new one on me.

Not all internet lenders are illegal....only the ones that don't have a license. Internet loans are legal in Ohio IF they have a license, which Cashnet does. Yes, if none of the others are licensed, then the only one mom would be LEGALLY responsible for is Cashnet. :)

I searched all of the names, and none of them except Cashnetusa are legally oprating in your state--so breathe easy. You should try to pay back what you borrowed from them, but they can't do anything to do.

I just wonder why they would license an internet lender at all if they law applies to check cashers only, which cashnet is not, as far as I can tell--I live in KY, and the PDL laws are similar except they don't license internet lending under any circumstances.

I searched them all too and couldn't find any results, but, they could still be licensed under a DBA couldn't they Sassnlucy?

Yeah it is possible......but I'm willing to bet they are all illegal. I am sure someone that knows for sure will come along and tell us. Cdollar, that's just the way Ohio laws are. They will license the internet lenders but the laws are pretty strict.

Thanks everyone! I feel somewhat relieved! I will follow what I have read in other posts about keeping these guys off of my back. I have also sent an email to my payroll department to revoke and make them aware of wage assignment in case that happens. Thanks again!

Good for you! Everything is going to be fine. We are here to help you!! There is a light at the end of the tunnel :)

Here are Cash Net USA's Ohio licenses.

Oops, those have expired.

Here's the updated info:

Online Lookup Detail
CASH AMERICA NET OF OHIO, LLC Information as of 2/7/2008


Name Address
CASH AMERICA NET OF OHIO, LLC 200 WEST JACKSON AVENUE - SUITE 2400
CHICAGO, IL 60606-6910

Registration Information
Credential License Type License Issue Date Status
CC.700479.000 CHECK CASHING 02/12/2007 ACTIVE
CL.750341.000 CHECK CASHING LOAN 02/12/2007 ACTIVE

Ohio should really reconsider licensing places like this as "Check Cashers". I don't think it's the same thing.

The way that Ohio laws are set up you have to be a licensed Check Casher to do payday loans.

But - You do not have to actually cash checks. You just have to have the double license.

So these places pay a little extra money to get licensed so they can legally rob you blind. That is a bunch of crap, if you ask me. :roll:

I happen to respect the internet based companies that actually follow each state's laws. They are very rare, and quite frankly could easily get away with really ripping someone off, not spending the money to get licenses, and charging fees like crazy. They are totally within the law to do what they do. Ohio is actually looking at changing it's laws right now . . . . And when the laws are changed, this company will respect them and follow them.

I agree. This lender is very legit and legal and IF I had to get an internet pdl I would use them. They follow the laws and are easy to work with (unless you default.) The state of Ohio is working very hard to get a handle on the pdl situation, I assure you. I was actually interviewed for a brochure they are producing to warn people of the dangers of pdl's, especially the illegal ones.

I have been on here before but I didnt give all my information. I am from ohio I have a 6 loans out and I tried to check and see if some are internet loans are legal but I am confused on how to go by that.
Loans:
Quickest-Cash-Advance:$250.00 saying I owe 420
Loanshop/Longcove:$200 paid $90 they say I owe 320
B@L Marketing:$200 paid $120
Arrowhead Investment:$200 paid $320
Multiloansource:$300 paid $180
Payday one:$365.00
....All of these places are saying if I don't pay them they are going to call my place of employment and garnish my wages. In that time I will be over 1000 plus in court fees. Can anyone tell me what my options are. I am going crazy with them calling my place of employment. I cannot afford to have my wages garnished or have them contact my employer. Please help!!