DESPERATE In IDAHO-Here is my list and its quite embarrassing

Hi,

Before dealing with your lenders you're required to find out which of your lenders are legal in your state. You may check the licensing status of your lenders in the following link.

"http://finance.idaho.gov/ConsumerFinance/ConsumerCreditLicense.aspx"

Hi, I will do some research and get back with you, most of these lenders are not licensed to lend in your state, but I need to research this before I make that determination, meanwhile, read the following threat, it will help you proceed with dealing with the ones that are illegal. CLICK HERE to find out how to deal with illegal lenders.

Here are your payday loan laws:
[QUOTE]
Idaho State Information
Legal Status: Legal
Citation:
Idaho Code Ann. 28-46-401 et seq.
Loan Terms:
Maximum Loan Amount: $1000
Loan Term: Not Specified
Maximum Finance Rate and Fees: Not Specified
Finance Charge for 14-day $100 loan:
APR for 14-day $100 loan: No Limit
Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified ($1000 aggregate loans outstanding to all licensees)
Rollovers Permitted: Three (renewals)
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: $20 NSF fee + 12% interest per annum on unpaid amount (if disclosed )
Criminal Action: Prohibited
Where to Complain, Get Information:
Regulator: Idaho Department of Finance
Address: Consumer Credit Section, 700 West State Street, 2nd Floor Boise ID 83702
Phone: 208-332-8000
Fax: 208-332-8099
Regulatory Contact: Mike Larsen,, Consumer Finance Bureau Chief[/QUOTE]

Internet payday lenders are required to be licensed by your state, FBD is NOT a payday lender, they are a small loan lender, so they aren't required to follow the payday loan laws.

Cashnetusa is your only legal lender, they offer an extended payment plan, but you have to ask for it, they won't just tell you about it.

Paydayone is questionable, they are usually licensed in most states, but they aren't coming up as a licensed payday lender in your state, so, they may be registered as a credit service organization, which would explain why they aren't showing up as a licensed payday lender. I would look over their contract they sent you via email, if it says they provided you a payday loan, then it isn't a valid loan, if it states an installment loan or small loan they are legal.

NONE of your other lenders are legal! You need to CLOSE YOUR ACCOUNT ASAP!

With as many unlicensed lenders as you have, there is no other option but to close that account, it will never be safe again! Even if you were to pay off every loan, these unlicensed lenders would still take more money from you, repeatedly, a month, 6 months, or even a year could go by and they would AGAIN debt your account, understand that it won't be safe again! CLICK HERE to find out how to deal with illegal lenders.

It is really hard for me to fathom that I can just "not" pay these people. I did borrow the money from them. Can someone help me get my mind-set right? I have always paid my debt, and its hard for me to wrap my mind around this. I can see not paying anymore on the ones that I've renewed over and over, but if I haven't even paid anything back yet? How is that right?

We're not suggesting that you don't pay them. You should pay them back the amount that you borrowed (only the principal). But, pay them on your terms, with money orders and as you can afford it. You need to make sure they have NO access to your accounts or they will rob you blind.

They have already tried to rob you blind. Good luck and Keep your head up. These people are down right nasty sometimes. Use this site, the people on here know what they are talking about and thanks to them I have gotten out of a situation similar to you. If your husband don't know about these and you have given them your home number, he will be probably finding out soon, they will be calling as soon as one payment becomes past due and some will probably keep calling harrassing you for money. Best wishes.

Thanks for all of your input. Won't these people be harrassing my personal references too? And also be harrassing me at work? Just wondering what I'm going to be in for.

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Thank you so much, I'm feeling a little less desperate the more I read. I've made copies of the instructions and going to form some plan of action. I'm looking for a miracle! Thank you again. I'll be back for more...thank you, thank you, thank you!

Beanerje - it will be ok. We have all been in a place where you are coming from now. Change your home number or talk to your husband to make that part of the situation a little less stressful. The calls to work WILL come. But - I took the advice of this forum and told my co-workers I had been the victim of fraud. NOW they are in a position to protect me if someone calls. I had one co-worker yelling at a lender last week. You will get through. Tell your references the same, that you are a victim of fraud. The calls to them stop quicker than the calls to your work and home.

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