PDL's in Texas

The other thing I forgot to ask is reading the laws of Texas I am not clear on a few things...

Debt Limits:
Max # of outstanding loans permitted at a time - Not specified (Aggregate outstanding loans of $00 to all licensees)...what does this mean.

Permissable # of Rollovers - none (if charge of renewal is less than the permissible rate of interest; otherwise can be converted to declining balance installment note)...what does this mean.

Not to sound stupid, just want to understand all this language.

Also is a Credit Access Business the same as a CSO?

I believe Cashnetusa is a legal and licensed lender in your state as they're a big company that is licensed in my state of MO. I do not know the status's on the other loans you got out but I'm sure someone here can chime in on that.

Thanks Hiya, I am really hoping someone can help me...I'm beginning to drown down here.:rolleyes:

Been doing some research, thanks to the information found on this site, and have found the following:

CashNetUSA is a dba under CNU of Texas, LLC - per the Office of the Consumer Credit Commissioner. Because they are a "CAB" credit access business they must be licensed under Office of the CCC & registered with the Sec of State. Searching SOS I find the CNU of Texas,LLC fka Cash America Net of TX, LLC but no listing for CNU of Texas, LLC fka CashNetUSA...do they have to register all fka's?

I cannot find anything out on my other entities. When I search the Sec of State website and the Office of the Consumer Credit Commissioner I cannot find any of them.

If no information found on your other lenders, consider them illegal.

I would like to assume the rest are illegal just concerned they are listed as a dba under some obscure name and I just cant locate them.

If I don't get an answer soon confirming the rest are illegal, going to move forward with the ACH and Wage Garnishment revocation letters. Then I will be meeting with my personal banker to get everything lined up in their system - hopefully my bank is better than BOA.

Want to say thank you to everyone on this site. I live in Texas and after research I cancelled all my illegal payday loans.

I sent NOU, Inc., (it's my payday) notice of ACH & Wage Assignment revocation and with a notice that I am owed a refund of $xxx.xx. After several emails back and forth, I finally rec'd a email acknowleding my notice and today I recieved my refund. I am in total shock.

Thanks again and everyone know that there is hope if you are caught in the vicious cycle. Be persistent and stick to your guns.

:D

Congratulations on getting that refund. I know that it feels wonderful!

CashNetUSA is your only legal lender.

They will work with you on an extended payment plan if you need one. They are licensed in TX.


Name: CNU of Texas, LLC fka Cash America Net of TX, LLC # 1
Contact: J. Curtis Linscott
Location: 200 W Jackson Blvd Ste 2400, Chicago, IL 60606
Mailing Address: 1600 W 7th St, Ft Worth, TX 76102 Ft Worth, TX 76102
File Number: 20060083
Status: Renewal
Expires: 10/26/2012
Account Bond: LPM7585617
Surety Company: FIDELITY & DEPOSIT CO OF MD