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Wage assignment costa rica - is this a licensed lender?

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I don't know how this happened. I am so embarassed.
Principal Payment
Payday One $1000 $250
MyCashNow $530 $175
Loan Point $400 $120
One Step Cash $400 $1350
Think Cash $500.00 $84.46
National Payday $360.94 $90.24
Cash Net USA $450 $77.25
Sign My Loan $400 $120
East Side Lender $500 $150
United Cash Loan $400 $120
500Fast Cah $300 $90

I am NEVER going to get out of this...HELP HELP HELP...PLEASE!!!




Also...should I call the legitimate companies and try to work out a payment plan IMMEDIATELY, or do I let it go until they call me?

Sub: #21 posted on Wed, 10/01/2008 - 07:40

nikpop nikpop

(Posts: 32 | Credits: )

Hi all.
I think I am going to try and resolve this stuff myself first...with the help of this board.
Can someone please review my sample letter for the "illegal" lenders and let me know if it looks right.
Also, can someone send me a sample letter for the legal lenders to request a settlement/repayment plan?
THANKS!
And...for the first time in months, I am actually looking forward to payday. :) :lol:

Sub: #22 posted on Thu, 10/02/2008 - 05:34

nikpop nikpop

(Posts: 32 | Credits: )

Wanted to update you on my progress.

I have closed my bank account.
I have printed the current balances/payments due/contact info on each of my lenders.
I have written letters to both the legal and illegal lenders.
My payments are all due on 10/10, so I am sending the letters first thing that morning.

Am I doing the right thing? Also, I cannot find definite info on SIGN MY LOAN or LOANPOINT/GENEVA on this site. I have emailed both asking for their state of origin and license info. I got an immediate email from Geneva saying that I should contact customer service.
Hmmm...advice anyone?!?! I am running blind here and would like some feedback PLEASE!!!
Scared in PA!

Sub: #23 posted on Thu, 10/02/2008 - 08:25

nikpop nikpop

(Posts: 32 | Credits: )

I believe that signmyloan also goes by cashadvance.net. Geneva is called Geneva Roth, you will find a lot of info about them on this site

Sub: #24 posted on Thu, 10/02/2008 - 08:42

dawnlango7 dawnlango7

(Posts: 1147 | Credits: )

Yes, there is alot of info, but nothing DEFINITE...are they LEGAL or NOT?! I am really confused.

Sub: #25 posted on Thu, 10/02/2008 - 08:49

nikpop nikpop

(Posts: 32 | Credits: )

It looks like Geneva is licensed in UT, if that is that case then you would need to go by UT laws, which I will post below:

Compliance Department
Geneva Roth Companies
1338 S. Foothill Drive
Suite 325
Salt Lake City, UT 84108

Quote:

Legal Status: Legal (Applies to check cashers only)

Citation:
Utah Code Ann. ???? 7-23-101 et seq.

Loan Terms:
Maximum Loan Amount: No Limit
Loan Term: May not exceed 12 weeks
Maximum Finance Rate and Fees: No usury limit
Finance Charge for 14-day $100 loan: No Limit
apr for 14-day $100 loan: No Limit

Debt Limits:
Maximum Number of Outstanding Loans at One Time: No limit
Rollovers Permitted: Not Specified (cannot extend or renew loan more than 12 weeks from original loan date)
Cooling-off Period: None
Repayment Plan:

Collection Limits:
Collection Fees: Not Specified
Criminal Action: Not Specified

Where to Complain, Get Information:
Regulator: Utah Department of Financial Institutions
Address: 324 South State Street, Suite 201 Salt Lake City UT 84111
Phone: (801) 538-8830
Fax: (801) 538-8894
Regulatory Contact: ,

Sub: #26 posted on Thu, 10/02/2008 - 09:27

dawnlango7 dawnlango7

(Posts: 1147 | Credits: )

I am looking to see if Signmyloan is licensed anywhere...

Sub: #27 posted on Thu, 10/02/2008 - 09:42

dawnlango7 dawnlango7

(Posts: 1147 | Credits: )

Contact your Attorney General. Payday lending is ILLEGAL in PA.

Sub: #28 posted on Thu, 10/02/2008 - 13:27

Unregistered


PA laws have a loop hole, if a PDL is licensed anywhere in the US they can lend in PA.

Sub: #29 posted on Thu, 10/02/2008 - 13:55

dawnlango7 dawnlango7

(Posts: 1147 | Credits: )

FEEDBACK

Just looking for some feedback on my progress....am I heading in the right direction?

Sub: #30 posted on Fri, 10/03/2008 - 10:09

nikpop nikpop

(Posts: 32 | Credits: )


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