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Several PDLs in TX -- what are my options?

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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: (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.


Texas PDL laws are: -

Legal Status: Legal

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.

Sub: #1 posted on Mon, 08/11/2008 - 01:33

phoenix phoenix
(Posts: 1445 | Credits: )

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. :)

Sub: #2 posted on Mon, 08/11/2008 - 04:15

Shazzers Shazzers
Moderators Cum Industry Expert
(Posts: 17345 | Credits: )

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.

Sub: #3 posted on Mon, 08/11/2008 - 07:03

rread17 rread17

(Posts: 14 | Credits: )

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