Are Ameriloan and 500FastCash legal in Texas?
Date: Wed, 06/26/2013 - 15:26
I want to confirm if they're illegal, so I can order them to stop auto-debiting my bank account. I'd also like advice on what type of letter/fax I should send to them re: their illegality, thanks.
https://www.ameriloan.com/
https://500fastcash.com/
Both the lenders are illegal
Both the lenders are illegal in your state. You owe them only the principal balance. Don’t pay them any interest or fees. Close down your old bank account immediately and open a new one to stop debiting money from your account. View this page to know how to deal with illegal lenders:
debtconsolidationcare(dot)com/paydayloan/dealingwith-illegallenders(dot)html
Ameriloan
I just sent a letter through e-mail to Ameriloan yesterday (using the letter template on the sticky "Dealing with Unlicensed Payday Lenders (step by step)") and when I logged onto my account with Ameriloan today, it tells me my next principle amount due is $0 and the next service charge due is $0! Also, if you have paid over the principal, ask for the money back! It is recommended that if they do send you a refund check to cash it with one of those check cashing places. Don't give them access to your new account!
I would definitely recommend reading the post about "Dealing with Unlicensed Payday Lenders (step by step)". It helped me out so much!
^Good advice, if wal mart
^Good advice, if wal mart cashes checks in your state I highly recommend going there as they are 1000x cheaper than a check cashing store.
