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I currently have 5 payday loans and dont know what to do.
Tennessee Resident
Cash Jar is the oldest it was a 600.00 loan that I have already paid 1325.00 on.
Dollar Premier was a 500.00 loan that I have paid 300.00
Payday Nation was a 600.00 loan that I have paid 180.00
The other 2 are Cash Net USA for 400 no payment yet
Ace Cash for 425.00 no payment yet

All of these are online loans and are wanting help finding out if they are legal and what steps to take on paying them back on my terms. Please Help Thanx

I googled all the lenders that you listed. Here is what I found...

Cash Jar is in Belize illegal

Payday Nation terms show that the contract is governed by the laws of the United Kingdom. I would say illegal but someone else with more experience may know better than me.

You say Ace Cash, but if its Ace Cash Express they are licensed to lend in Tennessee

Cashnetusa is licensed to lend in Tennessee

Dollar Primer is owned by ABJT Funding and is listed with the Departement of Financial Institutions in Utah. I would say legal.

All your legal lenders you should contact and ask for an EPP. On the illegal ones see the primer in helpinaz signature line on how to deal with the illegal lenders.

Good luck.

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Sub: #1 posted on Thu, 08/15/2013 - 13:05

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(Posts: 44 | Credits: )

Cash Jar and Payday Nation, both are illegal lenders. In this case you owe them only the principal balance. As you have already overpaid them, so ask them for the refund. Close down your old bank account and open a new one to stop debiting money from your account.

Dollar Premier, Cash Net USA and Ace Cash Express are legal lenders. You are liable to pay them both the principal balance and interest. In this case it would be better for you to negotiate with your lenders and try to set up a payment arrangement with them.

Sub: #2 posted on Sun, 08/18/2013 - 23:23


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