Illegal Payday lenders
Date: Wed, 08/31/2011 - 20:48
First you need to close that bank account and open a new one tha
First you need to close that bank account and open a new one that is not connected to the old one. Then you need to verify if any of the lenders are licensed to lend in your state but I have to say after looking at your state law I would think that they are probably not since rollovers are not allowed under IL law.
Once you have verified if they are licensed I would follow the the sticky on how to deal with illegal lenders on the front page of this forum. File complaints with your state Attorney General and the FTC. You are going to get nasty calls threating you with all sorts of crap but stay strong and don't let them scare you. All of us on this site have been through this so if you have any questions just come and ask and one of us will help you out. Good luck
At first you should contact with the Indiana Department of Finan
At first you should contact with the Indiana Department of Financial Institutions in order to know whether or not pdl companies are licensed in your state. Their contact detail is as follows:
# Address - 30 South Meridian Street, Suite 300 Indianapolis IN 46204
# Phone - (800) 382-4880
If you find that the lenders are not licensed, then you can get rid of the debts by paying them only the principal amount. Illegal lenders won???t be able to take any legal action against you. If you have paid them more than the principal amount, then ask them for the refund. Close your bank account asap so that they can???t debit any amount from your account. To know about how to deal with illegal lenders, glance through the following link:
http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html
please sally
i can tell the OP that none of these are legal in any state.the OP should follow tousi76's advice and close that account.then go to the sticky titled DEALING WITH ILLEGAL LENDERS.it has everything they need from every step in dealing with these places to template letters to send.do that and then try too find out the following.
1)how much was debited by each thus far.example:
you borrowed 200.00 from 500fastcash(illegal)they debit 60.00 three times.you only owe 20.00 on this loan.go to the sticky and follow it,but do not send these places any letters until your account is closed/secured.