Help in Texas
Date: Fri, 05/04/2007 - 16:34
US FAST CASH
CASHNET USA
CASH 2day 4u
Cash Central.
Can someone give me some guidance on how to handle these companies
It's a pain dealing with some of them. You need to draft a propo
It's a pain dealing with some of them. You need to draft a proposal letter with your payment plan and send it through certified mail to their mailing address. Mention that you will be sending your money as per the plan after they agree to work on your terms. You may have to negotiate for some time until they agree to work with you. They might sound hard in the beginning, stick to your guns.
Hi daffenien, welcome to the forums. You have taken a couple ver
Hi daffenien, welcome to the forums. You have taken a couple very important steps already into taking your life back from these internet payday loan companies, since you already closed your checking account and opened a new one.
You will find the Payday loan laws for Texas here (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html
Are these all internet loans? Cashnet USA is licensed in the states it lends to as far as I know. It is likely that the others are not licensed to do business in Texas. How much did you borrow and how much have you paid each of these places so far? Let us know and then we can help you further and perhaps someone else from Texas will come soon and give you specific info. Again, welcome :)
Welcome to the forum Daffenien. Here is a link to Polly's blog
Welcome to the forum Daffenien. Here is a link to Polly's blog that has some sample letters that might help you to write your letters to the pdls. http://pollyandsay.yesdebtfree.org/
I am trying to come up with a draft letter to send to my PDL pla
I am trying to come up with a draft letter to send to my PDL places but can't figure out how much I have overpaid them because the wording on the Texas law is very confusing. Can someone please help me? Below are the loans and all the info.
PDL Name Orig Per pay Pd 2dt Pay off
4 SGQ Processing - $300 $90 $630 $390
TJF CORP $300 $90 $630 $390
Magnum $250 $75 $750 $325
Web Loan $300 $90 $900 $390
VC Funding $300 $90 $900 $390
JD Marketing $300 $90 $720 $390
Thank you so much for the citations, but can you tell me what al
Thank you so much for the citations, but can you tell me what all of that mean ?
Hi daffenien, welcome to the forums. You have taken a couple very important steps already into taking your life back from these internet payday loan companies, since you already closed your checking account and opened a new one. Here are the payday loan laws for the state of Texas from paydayloaninfo.org:
Quote:
Legal Status: Legal Citation: 7 Tex. Admin. Code ???? 1.605; Tex. Fin. Code Ann. ???????? 342.251 et seq. and 342.601 et seq. Loan Terms: Maximum Loan Amount: Loan Term: 7-31 days Maximum Finance Rate and Fees: $10 per loan + 48% annual interest Finance Charge for 14-day $100 loan: $12 APR for 14-day $100 loan: 309% Debt Limits: Maximum Number of Outstanding Loans at One Time: Not Specified ($500 aggregate loans outstanding to all licensees) Rollovers Permitted: None (if renewal charge is less than maximum interest rate permitted; otherwise convert to declining balance installment note) Cooling-off Period: Repayment Plan: Collection Limits: Collection Fees: Not Specified Criminal Action: Not Specified Where to Complain, Get Information: Regulator: Texas Office of Consumer Credit Commissioner Address: 2601 N. Lamar Blvd. Austin, TX 78705 Phone: (512) 936-7600 Fax: (512) 936-7610 http://www.occc.state.tx.us/ |
Are these all internet loans? Cashnet USA is licensed in the states it lends to as far as I know. It is likely that the others are not licensed to do business in Texas. How much did you borrow and how much have you paid each of these places so far? Let us know and then we can help you further and perhaps someone else from Texas will come soon and give you specific info. Again, welcome
Hi HDV3902- Did you draft a letter ? I would like to do the same
Hi HDV3902- Did you draft a letter ? I would like to do the same thing
I am trying to come up with a draft letter to send to my PDL places but can't figure out how much I have overpaid them because the wording on the Texas law is very confusing. Can someone please help me? Below are the loans and all the info.
Hi Daffenien. I found a draft letter on this site that i emaile
Hi Daffenien. I found a draft letter on this site that i emailed yesterday and since then i have received the Paid in Full Status from 2 of my PDL places. If you email me at email address removed as per forum rules - Mike Replace the (at) with @ when emailing me.