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Fash cash internet loans

Date: Wed, 08/15/2007 - 07:38

Submitted by anonymous
on Wed, 08/15/2007 - 07:38

Posts: 202330 Credits: [Donate]

Total Replies: 5

Fash cash internet loans


As a single mom, I was at wit's end & got involved in the fash cash online sites. Unfortunately, I made the first two payments on the accounts, but have been unable to pay because I didn't realize the payments would be so high due to the interest rates.

I spoke with NYS Banking Department and they indicated that I have no recourse under NY Laws for the excessive interest rate these companies have charged me. They're excluded from NYS Usery Laws????

Is there anyone in NY experiencing this dilemma? How are you handling the situation? any resolutions?

Please please let me know.


I am getting more confused every day regarding the NYS laws. Is the info in the above post about usery
laws correct.
I wish I could just find out for sure if infact these loans are legal or illegal in New York
MPEREZ what do you think ?
As soon as my fears subside I read these posts regarding NY and get scared all over .


lrhall41

Submitted by kashzan on Thu, 08/16/2007 - 05:13

( Posts: 5401 | Credits: )


I haven't been able to get a concrete answer either. Depending on who you talk to you hear either all pdl's are illegal, or that internet pdl's licensed in another state are legal.

I would continue to fight these loans as if they were illegal for right now. The internet issue would only come into play if the pdl was licensed by another state, and most internet pdl's aren't licensed anywhere.


lrhall41

Submitted by goudah2424 on Thu, 08/16/2007 - 07:35

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