Several PDLs in TX -- what are my options?
Date: Sun, 08/10/2008 - 06:56
I hope that all of you can help me. I am seriously depressed and stressed with the situation my husband & I have gotten ourselves into. I know that TX rules are different and I am overwhelmed and don't know where to begin. Please help if you can.
Here's our loans:
RapidCashForYou.com (online) --- $600 --- Paid $180
PayDay Max (online) --- $520 --- Pd $76.08
Advance America (store) --- $1000 --- Pd $0
Advance America (store) --- $1000 --- Pd $0
EZ Money (store) --- $1500 --- Pd $0
EZ Money (store) --- $1000 --- Pd $304.93
First Cash Advance (store) --- $1000 --- Pd $0
First Cash Advance (store) --- $1200 --- Pd $0
PayDay Advance (store) --- $900 --- Pd $184.71
Check N Go (store) --- $800 --- Pd $0
Cash Store (store) --- $1200 --- Pd $0
Ace Cash Express (store) --- $400 --- Pd $0
LoanStar Title Loan (store) --- $1100 --- Pd $0
Those are not duplicates. My husband & I each have a loan with a few of the same places.
I wasn't sure if you could advise me about the title loan too, but I threw it in the list.
Thanks.
Here's our loans:
RapidCashForYou.com (online) --- $600 --- Paid $180
PayDay Max (online) --- $520 --- Pd $76.08
Advance America (store) --- $1000 --- Pd $0
Advance America (store) --- $1000 --- Pd $0
EZ Money (store) --- $1500 --- Pd $0
EZ Money (store) --- $1000 --- Pd $304.93
First Cash Advance (store) --- $1000 --- Pd $0
First Cash Advance (store) --- $1200 --- Pd $0
PayDay Advance (store) --- $900 --- Pd $184.71
Check N Go (store) --- $800 --- Pd $0
Cash Store (store) --- $1200 --- Pd $0
Ace Cash Express (store) --- $400 --- Pd $0
LoanStar Title Loan (store) --- $1100 --- Pd $0
Those are not duplicates. My husband & I each have a loan with a few of the same places.
I wasn't sure if you could advise me about the title loan too, but I threw it in the list.
Thanks.
Texas PDL laws are: - Quote:Legal Status: Legal Citation:
Texas PDL laws are: -
Quote:
Legal Status: Legal Citation: 7 Tex. Admin. Code ???? 1.605; Tex. Fin. Code Ann. ???????? 342.251 et seq. and 342.601 et seq. Loan Terms: Maximum Loan Amount: Loan Term: 7-31 days Maximum Finance Rate and Fees: $10 per loan + 48% annual interest Finance Charge for 14-day $100 loan: $12 apr for 14-day $100 loan: 309% Debt Limits: Maximum Number of Outstanding Loans at One Time: Not Specified ($500 aggregate loans outstanding to all licensees) Rollovers Permitted: None (if renewal charge is less than maximum interest rate permitted; otherwise convert to declining balance installment note) Cooling-off Period: Repayment Plan: Collection Limits: Collection Fees: Not Specified Criminal Action: Not Specified Where to Complain, Get Information: Regulator: Texas Office of Consumer Credit Commissioner Address: 2601 N. Lamar Blvd. Austin TX 78705 Phone: (512) 936-7600 Fax: (512) 936-7610 |
Other members can help you more on this.
I am not that well versed in Texas laws when it comes to pdl's b
I am not that well versed in Texas laws when it comes to pdl's because there's always the chance some of these could be practicing as CSO's (Credit Service Organizations) and I have learned from this board that they are not governed by pdl laws, therefore I will let someone who is more knowledgeable in this area tackle this, I just wanted to acknowledge your post and assure you that someone will be along shortly to advise you. :)
Thanks for your response. Yes, I'm pretty sure that most (i
Thanks for your response.
Yes, I'm pretty sure that most (if not all) of the storefront companies are CSOs. But, I don't know if there's anything I can do to get out of this or where to begin.