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Pennsylvania Payday Lending Laws

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PostPosted: Thu Jun 08, 2006 11:12 am Subject: Pennsylvania Payday Lending Laws

If anyone can help me find laws regarding payday loans in Pennsylvania, I would appreciate it. I tried doing searches but couldnt come up with anything. I would like to send letters out to my payday lenders. I have been with T&C for several months now and also have been paying the payday lenders before that. My balance left for each company is still about the same or more and it feels like im not making any progress. Im pretty sure most of them have already been paid off if they followed the laws. If anyone can help I would appreciate it. Thanks in advance
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PostPosted: Thu Jun 08, 2006 11:55 am Subject:

These links have the state wise payday loan regulations.

http://hffo.cuna.org/download/1168.pdf?&sub_id=14490

http://www.legis.state.wi.us/lrb/pubs/wb/00wb7.pdf

Ask your consolidation company to get the statements of your loan accounts for revision. Then you can decide your further moves from that point.

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PostPosted: Thu Jun 08, 2006 12:10 pm Subject: This one is a good one too.

http://www.paydayloaninfo.org/states.cfm

PA has a 25% cap per year.

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PostPosted: Thu Jun 08, 2006 12:24 pm Subject:

My fault, that is 24$ cap a year Razz
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PostPosted: Thu Jun 08, 2006 12:25 pm Subject:

Good Gravy, I meant 24% not 24$
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PostPosted: Thu Jun 08, 2006 12:25 pm Subject:

I think I need a break, going for coffee Razz
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PostPosted: Sun Jun 25, 2006 10:42 am Subject: WHAT DOES THIS MEAN

24% cap what does this mean?i paid 1000.00 on a 200 loan so far,do i qualify
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PostPosted: Sun Jun 25, 2006 3:49 pm Subject:

This is the link to the applicable law. It some hard reading though.

pacode.com/secure/data/010/chapter41/chap41toc.html

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