Legal or Illegal in IL

NLS Cash Advance borrowed $300 / paid $637 - Not sure(signmyloan.net)
PayDay1 borrowed $500 / paid $670.18 -Legal
Ameriloan borrowed $300 / paid $500 - Illegal
Sandpoint Capital borrowed $300 / paid 360 - Illegal
US FastCash borrowed $300 / paid $735 - Illegal
DJR borrowed $200 / paid $120 - Not sure
PaycheckToday borrowed $300 / paid $90 - Illegal
ACE Cash Services borrowed $300 / paid $90 - Legal
Port Ent borrowed $750 / paid $136 - Not sure


You should put the legal one in with the store front seince they are all legal.

The Check-n-go one is an installment loan and backed by First Bank of Delaware and that one is not in the same category and the PDL laws don't apply to them.

Since you have closed your account you have done the first step.

You can go here and read up on the steps to take when dealing with illegal lenders.

You will need to send a letter to each.

You only owe them the amount you borrowed. All fees or rollover charges you have paid go towards that amount. You can also demand a refund on over payments.

Thanks!
With the legal ones, will they take into consideration how much you have paid them already?
I am going to try this myself before I sign up with someone. The fastest program they had was 6 months, and I couldn't swing that payment.
I can't imagine these companies back down too easily though.

Once you close your account they can no longer debit and the illegal ones usually do not work with consolidation companies or if they do you end up paying way more than you owe.

Some of them you have already overpaid and are done with.

The legal ones will usually work with you on payment arrangments once they can not get the check to clear but some can gte nasty.

I prepared my letters to the Illegal PDL companies, but when I got to work, I had 2 emails saying that my loan had been sold to "icollect". Should I address one to them as well ?

If the loan company was ILLEGAL then so is the CA trying to collect on it. Send your letter to ICollect when they contact you. Ensure they are aware that your debt is ILLEGAL.

ICollect is a company that some illegal PDLs companies use.

If you search you can find many threads about them.

I faxed all my letters, and have heard nothing back until today, I received multiple emails from icollect stating they have sold my debt to National Credit Adjustors & Redco. I also received a letter in the mail from AAA Community Finance II telling me they will send a wage assesment to my employer in 20 days. I don't even have a loan with AAA Community Finance II that I know of. Is this one legal or illegal in IL? Have you ever heard of them or could they go by a different name?

Total CRAP! Do not worry. They are all bottom feeding collection companies for these ILLEGAL PDL companies.

Just send a wage assignment revoke letter your HR dept and then forward it to these morons. :wink:

Is AAA Community Finance II legal in Illinois? If so, is there a seperate wage assignment revoke letter for legal companies?

They are a payday lender in Illinois.

Their website.

All wage assignment letters are the same. Really no difference.

You defaulted with AAA Comunity Finance on a payday loan?? If this is the case you need to review your old bank statements and contracts. If they are a storefront lender, then they have the rights to take civil action to collect the debt. As far as the wage assignment it can be revoked. However, you will still need to pay back the loan being they are Legal and was never paid.

As far as ICollect selling your ILLEGAL debt to NCA, they will get nowhere. If you have paid over the principal amount on the original PDL then ICollect, NCA and whomever has nothing to collect. Just send a letter requesting a debt validaion and a wage assignment revoke letter to be safe.

i had a illegal payday loan with midland financial and i overpaid them however i got an email from matt saying that icollect had sold the loan to redco. Does anyone have any info on redce? thanks