PayDay Loan help in Texas
Date: Fri, 01/08/2010 - 12:11
I have 6 internet payday loans currently. As of this post I am current on all of them. I am tired of my paychecks being depleted by 60% or so from fees associated with the loans however. How can I find out if they loans are licensed in my state? I have the following:
1. CashNetUsa $1769.26 Owed - No principal paid yet
2. Ameriloan $325.00 Owed -
1. CashNetUsa $1769.26 Owed - No principal paid yet
2. Ameriloan $325.00 Owed -
Since Texas follows the CSO model, pdl lenders can operate legal
Since Texas follows the CSO model, pdl lenders can operate legally as Credit Service Organisations even when they are not licensed by the state. However, the CSOs are required to register with the Secretary of State. You can check the registered CSOs in the following link.
"https://direct.sos.state.tx.us/cso/CSOSearch.asp"
CashNetUSA is a legal lender, Ameriloan is NOT. CLICK HERE to fi
CashNetUSA is a legal lender, Ameriloan is NOT. CLICK HERE to find out how to deal with illegal lenders.
