PDLs in Cleveland Ohio--Help

Ohio State Information

Legal Status: Legal (Applies to check cashers only)

Citation:
Ohio Rev. Code Ann. ???????? 1315.35 et seq.

Loan Terms:
Maximum Loan Amount: $800
Loan Term: Max: 6 months
Maximum Finance Rate and Fees: $10/$100 + 5% per month
Finance Charge for 14-day $100 loan: $15
apr for 14-day $100 loan: 390%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot refinance)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: Bank charges (if disclosed); $20 collection charge; Court Costs; damages
Criminal Action: Not Specified

Where to Complain, Get Information:
Regulator: Ohio Division of Financial Institutions
Address: 77 South High Street, 21st Floor Columbus OH 43215
Phone: (614) 728-8400
Fax:
Regulatory Contact: Robert M. Grieser,, Deputy Superintendent for Consumer Finance
Regulator Website

Licensee Database

Complaint Instructions

Complaint Form Link

Online Resources:
Consumer Complaint Contacts (Non-Depository Institutions)


Brochure: "Payday Loans"

United cash loans is part of MTE and is not licensed/legal anywhere

The Loan Shop and 500 Fast Cash are not licensed in Ohio, either. Northway Legal-if that is the same as Northway Credit/Northway Debit/Payday Avenue, they are highly illegal as well. I am not certain on the other ones.

Thanks!
Is there a list of legal internet pdls (for Ohio) out there???

Also, Is there a letter template anyone can recommend I can use to get these guys off my back? I've paid what I've borrowed and then some.

This is the letter I sent initially to all these places. (I am in Ohio also)

Date
Company Name
Address

To Whom It May Concern:
As of today April 8, 2008, I revoke authorization from (name of company), or any representative, parent company, affiliate, or subsidiary of (company name), to withdraw any funds from the checking account under the name of Sassnlucy, account number xxxxxx located at XYZ Bank.
Your company is in violation of Ohio Rev. Code Ann. ???????? 1315.35 et seq which states that there is no rollover allowed and may only charge interest rates of $15 for every $100 loaned. Please see the below Ohio laws on cash advances. Also, your company is not licensed to do business in the state of Ohio.
Legal Status: Legal (Applies to check cashers only)

Citation:
Ohio Rev. Code Ann. ???????? 1315.35 et seq.

Loan Terms:
Maximum Loan Amount: $800
Loan Term: Max: 6 months
Maximum Finance Rate and Fees: $10/$100 + 5% per month
Finance Charge for 14-day $100 loan: $15
apr for 14-day $100 loan: 390%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot refinance)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: Bank charges (if disclosed); $20 collection charge; Court Costs; damages
Criminal Action: Not Specified

Where to Complain, Get Information:
Regulator: Ohio Division of Financial Institutions
Address: 77 South High Street, 21st Floor Columbus, OH 43215
Phone: (614) 728-8400
Regulatory Contact: Robert M. Grieser,, Deputy Superintendent for Consumer Finance
http://www.com.state.oh.us/dfi/
Your company originally loaned me $200. I have since paid $60 on 2/28/07. Your company solicited, accepted, and transacted business with a citizen of the State of Ohio, thus you are subject to the laws of this state including the rollover and interest laws. I would like to repay the principle that I owe ($140) and have the account under the name of Sassnlucy ???????paid in full????????. At no time will (company name) any representative, parent company, subsidiary, or affiliate of (company name), place any derogatory mark on my credit report with any credit bureau, nor any other check writing database, such as Teletrack or an equivalent database.
All correspondence as of today, March 20, 2007, shall be in written form either through the email address, xxxxx, or via The United States Postal Service. Please acknowledge receipt of this letter, and acknowledge acceptance of, and willingness to adhere to the settlement described above, in writing, within 24 hours of receipt. I also hereby revoke any voluntary wage assignments that I may have signed. I will be willing to make arrangements to pay off the principle balance on this account by money order through The United States Postal Service. Please do not attempt to contact me by telephone. Also, my references may not be contacted. I will be happy to communicate through the mediums listed above to resolve this matter.
I appreciate your cooperation.

Thank you,

Sassnlucy

cc: State of Ohio Attorney General, Marc Dann
cc: XYZ Bank

You can tailor it to fit your situation. I had some where I still owed on principal and others that I had more than paid off. There isn't really a list per se of legal internet loans but I can tell you that a couple of legal ones are Cashnet USA, Check N Go Online, and another one I can't remember the name of but it was nobody you had listed. Please let me know if you need help. I had a really hard time with The Loan Shop but once they got the complaint I filed with the attorney general's office they backed off.

Thats a huge help! Thank you!