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should i get money back on these?

Date: Tue, 11/14/2006 - 13:15

Submitted by drowingindebt
on Tue, 11/14/2006 - 13:15

Posts: 208 Credits: [Donate]

Total Replies: 8


Based on the MA laws and this information on my loans should i be getting money back on these

Massachusetts (Legal Status: Prohibited Citation: Small loan act applies. Mass. Gen. Laws Ann. ch. 140 § 96 et seq.;209 Mass. Code Regs. § 26.01. Check cashers are specifically prohibited from making loans unless licensed under the small loan act. 209 Mass. Code Regs. § 45:14(8). Small Loan Rate Cap 23% plus $20 administrative fee upon the granting of a loan.)


ameriloan loan amount $300 paid in interest $450. they said i still owe them $500

cashlink loan of $300 paid $525 they say i owe them 400

500 fast cash loan $300 paid $990 they say i still owe 200


nationwidecash/Ambassador $300 paid $530.00 they say i still owe 500+

route 66 $200.00 paid $1770.00 they say i owe 400

because they pdl are illegal in MA i'm not sure if i overpay them


Go ahead, you can play a strong move and claim for a refund. Contact your state regulator for any assistance because the pdl are violating the laws in your state.

Regulator: Massachusetts Division of Banks
Address: One South Station Boston, MA 02110
Phone: (617) 956-1500
Fax: (617) 956-1599


lrhall41

Submitted by PassionHunting on Tue, 11/14/2006 - 13:20

( Posts: 512 | Credits: )


You have overpaid all of these loans. File those complaints with the Attorney General. Thats the only way we can get results is to complain. Best Wishes


lrhall41

Submitted by KYSIDE38 on Tue, 11/14/2006 - 16:43

( Posts: 2477 | Credits: )


drowingindebt ....


All these guys you are done with! I would fax them a
letter telling them so along with a copy of your states Small Loan Laws.

Nationwide Cash d/b/a Ambassador Financial Services have no leg to stand on in Massachusetts. You're done with them as well as the others!

I would even hound Nationwide Cash for a refund!


lrhall41

Submitted by Roadwarrior on Tue, 11/14/2006 - 19:42

( Posts: 637 | Credits: )