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Posted: Thu Mar 22, 2007 7:53 am Subject: payday loans |
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what do you do if you take out a pdl and find out its illegal?
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raiinstarr

Joined: 28 Feb 2007
Posts: 16
Debtcc Points: 446
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Posted: Thu Mar 22, 2007 7:54 am Subject: |
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In order to answer your question, we need more information. What state are you in? Who is the lender? Is it internet or storefront? If you give more information, we may be able to help you.
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Sassnlucy
Moderator


Joined: 12 Mar 2007
Posts: 2620
Debtcc Points: 28250
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Posted: Thu Mar 22, 2007 7:55 am Subject: |
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You're going to jail. No, just kidding. Contact your division of financial institutions, find out exactly what you legally owe, contact the PDL company as soon as possible and offer to pay that amount. They probably won't accept the payment plan so be prepared to offer full settlement immediately via Money Order, Money Gram, Western Union (whichever method you prefer)
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Rach
Debt Samaritan

Joined: 10 May 2006
Posts: 201
Debtcc Points: 2840
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Posted: Thu Mar 22, 2007 8:03 am Subject: thanks |
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Let me explain..We took out a loan for 200.00.Online pdl company EZpayday.They were taking 60.00 a week. we called the company and requested a copy of the contract.they refused to send it.we were told the 60.00 a week was intrest only.we paid in 450.00 plus 165 in nsf.we notifyed the bank got 240.00 back.we contacted ez payday and was told we owe 700.00 more to pay the debt off.we are being harrased by different associates now.we have sent letters to the pdl company after we managed to find a name and address.we live in the state of maryland.we have contacted the AG for md.
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raiinstarr

Joined: 28 Feb 2007
Posts: 16
Debtcc Points: 446
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