USAPaydayloan.com...Help, Please!

I also need an address for them if anyone has one. Thanks...

You can check the licensee database on this website to see if they are licensed or not. Since they are an ipdl, chances are they are probably not. Also, check if there is another name on your contract different than usapaydayloan because a lot of these companies operate under different names.

New Mexico state info here..

http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

I was searching on the forums and found this as their address:

USA Payday Loan
117 Bryn Mawr Dr SE
Suite 112
Albuquerque NM 87106

Establishment: Friendly Cash, LLC
DBA: USA Payday Loan
Albuquerque
NM
License Type: Small Loan Company
License No.: 01435
Issued: 4/12/2005
Expires: 6/30/2008
Status: Active
License Street: 117 Bryn Mawr Drive, S.E., Suite 112
CityStateZip Albuquerque NM 87106
General Street: 117 Bryn Mawr Drive, S.E., Suite 112
CityStateZip Albuquerque NM 87106


So does this mean I am screwed on this one? They are licensed in NM and NM law basically allows them to charge whatever they want. I live in TN, BTW.

Oh, from the above post I thought YOU lived in NM, since you asked about payday loan laws in NM. If you live in TN, they have to abide by TN laws. It doesn't matter if they are matter in NM; they have to be licensed in TN as well. I will post TN laws shortly.

find your state info here ..

http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

I know the TN laws...but the guy is telling me that the loan is under NM law because that's where they are.

What is it that says they have to be licensed in TN as well?

Many pdl's will tell you that because they are licensed in THEIR state, it doesn't matter if they are licensed in yours or not, but don't believe them...pdls says this all the time to make you pay more money. If they are not licensed in your state, then they are ILLEGAL in your state. How much have you paid on this loan and what was the original amount?

date item amount paid due
04/03/07 loan $ 300.00 $ 50.00 $ 250.00
04/03/07 svc chg $ 90.00 $ 90.00 $ -
04/12/07 svc chg $ 90.00 $ 90.00 $ -
04/27/07 svc chg $ 90.00 $ 90.00 $ -
05/14/07 svc chg $ 90.00 $ 90.00 $ -
05/30/07 svc chg $ 90.00 $ 90.00 $ -
06/14/07 svc chg $ 75.00 $ 75.00 $ -
06/19/07 return $ 50.00 $ 50.00 $ -
06/19/07 return fee $ 30.00 $ 30.00 $ -
06/21/07 svc chg $ 75.00 $ 75.00
07/03/07 return $ 155.00 $ 155.00
07/03/07 return fee $ 30.00 $ 30.00

That didn't come out very nice...

I have paid $90 five times, $75 once, and a $50. Plus a $30 return fee