are they legal

Submitted by jcalija on Fri, 09/06/2013 - 05:28
Forums

Hi, I have 4 payday loans: great plains lending, cash net usa, speedy cash and check into cash. Anyone know if they are illegal in Missouri?

Hi,

Great plains lending is a scam artist but cash net usa and speedy cash are licensed in Missouri. However, I wasn't able to get details of check into cash.

Fri, 09/06/2013 - 06:13 Permalink
Anonymous. (not verified)

All of your lenders are licensed in your state except Great Plains Lending. You owe both the principal and interest to your licensed lenders. In this case you may try to negotiate with them and set up a payment arrangement with them. As far as the illegal loan is concerned, you owe only the principal balance. In this case it would be better for you to close down your old bank account and open a new one to stop debiting money from your account.

Fri, 09/06/2013 - 06:18 Permalink