Just want to make sure of state laws.......

It depends on your state laws. Some states allow companies to be licensed in other states. Some states will say that if the company isn't licensed anywhere that legally you owe nothing. Others will say that you legally owe principle. It varies state to state.

great....and all this time I thought if the loan company wasnt licesned in my state then all you had to do was pay back the principal......

I'm still dealing with

m1y direct
Bahama marketing
national money store
nationwidecash

none of these are licensed in Indiana.

Jen- my gf is working with

usfast cash
purpose loan
500 fast cash.

They are not licensed in OH.....She's working it out with purpose loans still working with 500fastcash and usfastcash...

this is getting VERY frustuating :x

Hang in ther Tweety!! Here is Indian PDL laws, in case you don't have it at http://www.paydayloaninfo.org/state_detail.cfm?id=IN Keep pluggin away at them..Karen :D

Indiana does require ipdl's to be licensed by Indiana. So does Ohio.

so, I am right by saying that for the few that I have been dealing with I can just pay what I legally owe and that's all I'm obligated to do?

sorry for the post above-had a moment......I'm better now :P

Yes.

Thanks-

I've been kinda stressed out lately...I'm being pulled at 10 directions these days

I had no luck at all with 500fastcash. I got a letter from the Ohio AG's office just a few days ago saying they cannot get them to respond to their letters or phone calls. I only owed them $20 on principle, too.

Hi Sass, Wow only 20.00 on principle. I wish mine were like that. Of course they didnt reply. They dont want to admit you only owe 20.00. they are holding out for much more. Stick to your guns
Kash

hey goudah,
Can you tell me that if a ipdl is not licensed in Florida, does that mean that really don't even owe them the principal. I think that this may be good ammo to use against.... I could tell them this.. I f I owe ..really.. nothing then they should shut up and agree with MY terms. I think that you are so good at understanding the laws and I am kindda dense sometimes. Thanks for your help,
Nutsie

you filed all the complaints Sass?

Tweety...did you file with the Indiana AG office?? They have helped me mediate closure on 3 of the 5 I sent them. Goudah knows about Indiana...she was sweet enough to call and verify thier confusing answers to me!!!

Nutsie - If the company is operating totally illegally, then per Florida law the loan would be null and void. But morally you should pay back the principle amount.

The key word is "morally"....Legally you don't have to pay it back. Your choice.

yes, i have filed all the complaints with the AG- I have gotten no where. no response not even a PIF.......

if you dont pay back the principal it will go on your credit report?

Tweety...none of these illegal ipdls post on your report...at least none of the 10 I had...and I have heard that from others also.

Tweety...how long ago did you file?? I know it took about 3 weeks before I got acknowledgement and it was at least a month or more after that when I got the first response from a ipdl.

I filed for some in feb and the last one was in july. I dont think the AG is helping at all so I see no point in filing those complaints but I do for BBB and FTC. :(

Tweety maybe you should call the office...I filed mine in late June...and I heard back...

The BBB did get several responses from my ipdls...but it was the standard issue responses that I got.

you filed with the AG for every pdl? I just dont think I'm doing it right- I havent gotten anywhere and so i'm thinking whats the use? I would have no idea who to call...

Oh, I plan on paying them. I just think that it is great ammo.... To let them know that I really do not have to pay them so, they should accept my terms. I have a loan with B.I.G. and they are a pain in the ars. I had one with them before and paid them off really fast. But this time I got caught short on money and had to let it go, along with taking out more pdl's, we all know what that is like. I've done it all, closed my checking account filed the complaints with the AG and BBB. The 'gentleman' that called me said that I need to pay it right away, he cannot wait. I just wanted to fire this back at him !!

Frankly, he will tell you that you are wrong (even though you aren't) and that you will "see what happens" or something like that. He will claim they only follow UK laws, which they are breaking too, but they don't care. It isn't going to scare them . . . . You could say anything and they won't be fazed . . . .

I'm just saying this because I don't want you to be disappointed when they don't cave right away . . . .

yea, morals...... hmmmmmm.... I plan on paying them, but, I am going to let them know that I don't have to, so, they need to accept my terms.

yea, I know. I asked for an address to mail the payment to and they gave me,
1005 Terminal Way Ste 102
Reno, NV 89502
877-283-6741

Anybody heard of this address before??

Yeah, that's the same address as Route 66

GRRRRR ROUTE 66..............they called me last week at work.....LOL I am not sending them a penny more...........I have WAY overpaid them!

Tweety - play hardball with Rt. 66. They are illegal and they know it. Repeat to them, over and over, until you become sick of telling them, and then repeat it again: I know my rights. I have overpaid you according to my state law (and cite the reference to the state law here), which states you can charge me no more than (and insert the amount of interest they can charge you here). I have paid you (insert the amount you've paid here) so far, and I do not intend to pay another penny. I have reported you to the Better Business Bureau. I have also reported you to my State's Attorney General. I want you to stop calling my workplace and my home and only communicate with me in writing.

If I remember correctly Tweety has a "special" relationship with Route 66, right? She "loves" them!

oh yes...........i have special relationship with them.......I sent them some home baked chocolate chip cookies last week....... :lol: