Floridian In Trouble!

If the storefront is not willing to take two-part payments, then they must be crazy. Any loan company would love a payback deal like that.
The internet payday loans need to be determined if they are licensed to operate in Florida. If they are not, you legally do not have to pay them back.

Here is your Florida Laws...check on your DFI site and see if any of the ipdls are licensed...I see a couple I am sure are not licensed any where...then figure your amounts based on the law I am posting...looks to me some of these are already paid in full..you will need to send them letters revoking their rights and asking to be marked PIF.

You will find the Payday loan laws for Florida here (just select your state),

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

They must still be licensed for Florida.

salank -

First, with the storefront, have you officially defaulted on the loan yet? If not, that may be why they won't work with you. Some lenders won't do a repayment plan until you officially default. If you have already defaulted with them, you will want to remind them that your state law says they have to allow you a repayment plan. ("Repayment plan - YES" is shown on the law listed above) I have to agree with Anthony - the storefront PDL must either be unaware of the laws (which I can't believe), or they're just crazy not to accept a 2-payment repayment plan.


Now, on your internet loans:

Internet
ZipCash: 350/525
(you have overpaid this company by $145. Loan of $350 + $30 allowed interest @ 10% = $380. Paid $525-$380 = $145 overpayment. You should ask to be marked paid in full and request a refund of $145)

PayDay2Go: 150/150
(you owe this company the state allowed interest of $15.00 - if you choose to pay it. If they are unlicensed, it's your choice whether you pay it or request to be marked paid in full.)

500FastCash: 200/525
(you have overpaid this company by $305! $200 loan + $20 allowed state interest @ 10% = $220. Paid $525-$220 = $305 overpayment. Request to be marked paid in full and request a refund of $305.)

GFSIL: 200/405
(you have overpaid this company by $185 - request to be marked paid in full and request a refund of $185. Loan of $200 + $20 allowed interest at 10% = $220. Paid $405-$220 = $185 overpayment)

UnitedCashLoans: 200/300
(you have overpaid this company by $70 - request to be marked paid in full and request a refund of $70. Loan of $200 + $20 allowed interest at 10% = $220. Paid $300-$220=$70 overpayment.)

CashTransferCenter: 300/0
(you owe this company $330. Loan of $300 + $30 allowed interest at 10% = $330)

CashNet: 300/179.58
(you owe this company $159.42. Loan of $300 + $30 allowed interest @ 10% = $330-$170.58 pd = $159.42)

Route66: 200/740
(you have overpaid this company by $520! Request to be marked paid in full and request a refund of $520. Loan of $200 + $20 allowed interest @ 10% = $220. Paid $740-$220=$520 overpayment. You will most likely have to go to your state authority for help on getting this refund - this company has never been reported as giving a refund to anyone. Fight for your rights!)

I'm going to throw in a note here. When I say "you owe this company $xxx" - it's based on my own personal opinion that you should repay what you borrowed, plus the interest allowed by your state. It is my personal opinion only - not law. You may feel you are not obligated to repay a lender who is operating illegally by being unlicensed to lend into your state - it's a personal choice.

Here's where to find the Licensee Database for Florida - check it to see if these companies are licensed:

http://www.flofr.com/licensing/Download/mtlist1.zip

If they are not licensed, file a complaint here:

http://www.flofr.com/Director/On-LineComplaintform.pdf

and here are instructions on how to file a complaint:

http://www.flofr.com/Director/complaints.htm

All of those links are for Florida ONLY.

Let us know if you need any other info! :-)

wow girl, you did it again, your the best!

thanks! I'm going to have to take a break though - I have housework to do! LOL :lol:

anthony is right. Your store front is nuts. Look at your state pdl law. It says repayment - yes. They can charge you a NSF fee from the bank, however. But you can set up a repayment plan with them. If you have to, because they're being retarded, print out your state pdl law, take it in there with that HIGHLIGHTED and tell them you are willing to make two payments to pay it in full. Lord, they should be glad to get that! And, suebee, honey, you worked hard on figuring out the internet ones! You go, girl!

I think this site should offer free house cleaning for the time we are on it.

SueBee, I agree with Cannr, you are the math whiz here. I do the old cut and dry thing; "don't pay if they are illegal". No math for me. :lol:

Great idea Anthony...I spent two hours on it this morning myself...took away from my time on here!!

LOL - now there's something to bring up to the admins - free housecleaning services while we do this...I'd almost be willing to pay them my points for that...almost.

I'm just trying to get things in order before the kids come home in 2 weeks...where did the summer go!

anthony's advice is awesome. You can't get any better than straight to the point advice. Cut and dry. No nonsense. :D

My math formula:
No B.S.+0=0
0-0+0=0
And that is how much one should pay the illegal companies.

I absolutely adore your reasoning Anthony....math major by any chance??? I had 6 years of it myself. And still got in financial trouble...LOL..if I don't laugh at myself I will cry again...

Perhaps you forgot to carry the zero.

OMG! I'm dying here! What would we do without anthony on this site???? :wink:

From the bottom of my heart - Thank You to everyone (with a special THANKS and GOD BLESS to suebee for the time spent doing the math)
for the time spent and the effort put into helping those of us caught in this nightmare. It is a blessing to finally have some peace of mind on the horizon.

I'll be writing letters tonight. I would think I should send them registered/ certified and request a return receipt. Is that the correct thing to do? Should I also enclose a copy of Florida State Laws or just give a citation for the statutes?

salank - you're more than welcome! I'm always glad to help. :-)

Yes, definitely send them certified mail/return receipt requested, so you can prove they signed for and accepted the letters. It's up to you if you want to simply cite the law in the letter and/or include a copy of it. Citing it in the letter is usually enough.

These companies are so cloaked in secrecy...wats the easiest way to get the physical adresses for them ?

Guest...are you refering to the ipdls?? The easiest way I found was to look them up on the BBB.

Also, guest, do you have your loan documents? If so, look them over carefully. There should be a name/address/phone on them. If not, go to the BBB site, as morningstarr posted. It's www.bbb.org. If you can't find some of them, just post the ones you need help with, and we can see if we can find any information on them.