help are these internet pdl legal
Date: Mon, 02/02/2009 - 12:46
I live in va. names of companies. I have paid all of them the amount owed in principle just throuogh interest payments. I have notified them and bank to revoke ACH. I just want to know legal in va , are they operating as CSO, what to expect.
1800899cash, pay day loans of america, cash back payday loans, payday loan cash now, Quickest cash advance,EZpaydaycash.
1800899cash, pay day loans of america, cash back payday loans, payday loan cash now, Quickest cash advance,EZpaydaycash.
Internet pdls are not licensed in Virginia. Keep away from these
Internet pdls are not licensed in Virginia. Keep away from these pdls especially from Quickest Cash Advance aka MTE Financial.
First here are the laws of your state. Quote:Legal Status: Le
First here are the laws of your state.
Quote:
Legal Status: Legal Citation: Va. Code Ann. ?? 6.1-444 et seq. Loan Terms: Maximum Loan Amount: $500 Loan Term: Min: 7 days Maximum Finance Rate and Fees: 15% 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: Not Specified Rollovers Permitted: None (cannot refinance, renew, or extend) Cooling-off Period: Repayment Plan: Collection Limits: Collection Fees: $25 NSF fee; Court Costs; Reasonable Attorney's Fees (not to exceed $250) Criminal Action: Prohibited Where to Complain, Get Information: Regulator: Virginia Bureau of Financial Institutions Address: State Corporation Commission, 1300 East Main Street, Suite 800 Post Office Box 640 Richmond VA 23218 Phone: (804) 371-9657 Fax: (804) 371-9416 Regulatory Contact: Susan E. Hancock,, Deputy Commissioner, Consumer Finance |
Virginia Law states the lender must be licensed in VA to lend and they don't license companies not located in the state.
1800899cash, Unlicensed
pay day loans of america, Unlicensed
cash back payday loans, Unlicensed
payday loan cash now, Unlicensed
Quickest cash advance, Unlicensed
EZpaydaycash, there is an EZPayday Loans that has a license. I am not sure though if they are the same or not.
So with the possible exception of EZ all the loans are illegal.
