Need Help!

Date: Thu, 09/21/2006 - 12:34

Submitted by Tiffany99
on Thu, 09/21/2006 - 12:34

Posts: 1058 Credits: [Donate]

Total Replies: 3

Can one or more of you knowledgeable forum members give me a hand? Some of you may have read a previous post from yesterday regarding my current situation with Cashnet 500. http://www.debtconsolidationcare.com/collection-agencies/about15024.html

Anyway, this jerk I'm corresponding with via email keeps saying that his company does not have to adhere to the small loan lending laws of my State, when I informed him that the interest/finance charges on my loan were illegal in my State and his company is also not licensed in Indiana. His reply was, "Not if the loan was done out of Utah. The loan wasnt done in Indiana. It was done in Utah."

Can anyone give me some info. to backup my claim that this pdl must follow the lending laws of Indiana?

Some FAQs for payday loans in Indiana are given here. Read a few

Some FAQs for payday loans in Indiana are given here. Read a few of them for your understanding.

http://www.indianajustice.org/Data/DocumentLibrary/Documents/1055436780.16/0105payday%20loans.pdf

lrhall41

Submitted by ArDeN on Thu, 09/21/2006 - 13:15

( Posts: 496 | Credits: )

Don????????t believe what the loan company says. They

Don????????t believe what the loan company says. They must follow your state laws because they are lending in your state. For this, they need to be licensed in your state also. Here are a few more about the laws in Indiana.

http://www.in.gov/dfi/Documents/Policy_Statement.pdf

http://www.consumerlaw.org/action_agenda/payday_loans/content/NCLC_SUMMARY.pdf

lrhall41

Submitted by ArDeN on Thu, 09/21/2006 - 13:20

( Posts: 496 | Credits: )

Tif..I've dealt with them. But can't post much on here about it

Tif..I've dealt with them. But can't post much on here about it because of the spam filter...u can email me tho!

lrhall41

Submitted by erzeke1 on Thu, 09/21/2006 - 13:28

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