No longer in business in wv

kyside38, this update will help many here who are from your area. By chance, did you deal with any of these companies? I think they might have been a pain!!! That is the reason they are facing such consequences.

Christina I dealt with them all except Magnum. First American was a store front lender now we dont have any store front lenders. YAH..... KYSIDE38

I am happy to report that the State of Oregon has enacted legislation effective July 1st 2007 changing Payday Loans. Loans must go out for a minimum of 31 days. No more than 36% interest and $10 per hundred dollars borrowed may be charged. It's about time. Payday Loans are ruining people that are unwilling (me) or unable to live within their means. My payday loan nightmare is coming to a close as I pay them off one check at a time.

Guest, thanks for the information. Do you have the link to the State of Oregon website where this information is put? I will try if I can search for this link and paste here

kyside38, that's good news you have fought back on payday loans. It's a great feeling, no lender will ever bother you. If you get junk mails from them, don't think twice throwing into trash. :)

Kyside this is very good news. Let's hope other states AG's also get this done. I know someone told me that Quik Payday was in trouble in my state but unforunately that is not true (yet).

That's excellent news!!

Unfortunately store front lenders seem to be still going strong here in Michigan, we even seem to have had a couple new ones pop up recently.

Congratulation KY, way to go! I know you have worked very hard to resolve these issue, and getting the AT to get assurances from them that they will not do business in your state is a rewards in itself that they KNEW they were doing wrong the whole time.