How to find out if these Loans are illegal

Date: Mon, 03/25/2013 - 21:50

Submitted by anonymous
on Mon, 03/25/2013 - 21:50

Posts: 202330 Credits: [Donate]

Total Replies: 5

I live in TN. I have loans with plain green, Great Plains, Mobiloans, netpdl, husk hawk, twin bluff. I have paid more back than borrowed and still not anywhere close on the principal according to them since the interest is so high. Can anyone help?

Next step

So what I've read said payday loans in TN are legal so how are those illegal?? I want to make sure before I go to the bank tmw and stop ACH.

lrhall41

Submitted by anonymous on Tue, 03/26/2013 - 14:10

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Regular Payday Loans

Regular Payday Loans (storefront) are legal in TN but these are all internet based tribal/offshore lenders. They are not licensed in any state. They may hide behind claims of sovereign immunity but that's a bunch of crap.
Read the links SOAPLADY posted and follow all the steps for dealing with illegal lenders. You are morally obligated to pay principal....Nothing more.
It will take some time and persistence but you will prevail.

You may wish to read this also:
http://www.debtconsolidationcare.com/paydayloan/newtennesseelaws-regardinginternetlenders.html

lrhall41

Submitted by diggerg on Tue, 03/26/2013 - 15:55

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So....

Ok what I've read said payday loans are legal in TN so how are these illegal? I want to make sure I understand before I go to my bank tomorrow and stop payment on these payday loans.

lrhall41

Submitted by anonymous on Tue, 03/26/2013 - 12:46

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So....

Ok what I've read said payday loans are legal in TN so how are these illegal? I want to make sure I understand before I go to my bank tomorrow and stop payment on these payday loans.

lrhall41

Submitted by anonymous on Tue, 03/26/2013 - 12:17

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They are all illegal loans..

They are all illegal loans...you owe principal only, no fees and no interest, no fees. Follow the link in my signature loan for information on how to deal with them.

FYI...rollovers are NOT permitted in TN.

lrhall41

Submitted by SOAPLADY on Tue, 03/26/2013 - 05:16

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