Can I stop them from taking $150 per week
Date: Fri, 12/05/2008 - 11:40
Any help would be appreciated.
Thank you
Hi Guest, Here is some info for Rhode Island. The only way t
Hi Guest,
Here is some info for Rhode Island. The only way to stop the companies from taking anymore of you money would be to close your account, but if either of your companies are licensed in another state, then they would be legal and you would need to work out an arrangement. I will check to see if they are legal for you.
Quote:
Rhode Island allows internet pdl's that aren't physically located in RI to be licensed in another state. Just spoke with the RI dept of banking again, to double check things. They told me that in RI, if a company wants to do payday loans, they must also be a check casher. They do not license internet payday loan companies, but the internet payday loan company must be licensed in another state to lend legally to RI consumers. Also, they must be following the laws of the state they are licensed in. |
Loan Point is licensed in Utah so you would need to go by those
Loan Point is licensed in Utah so you would need to go by those laws:
[quote]
Utah State Information
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
United Cash Loans is not licensed
i just would like to add that loan point usa (geneva roth) will
i just would like to add that loan point usa (geneva roth) will not give in or give up too easily. if the loan is legal, i would try to work with them asap as they really are awful.
