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#1
09-16-2009, 10:24 PM
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Help in Arkansas
I have 2 internet PDLs:
Discount Advances orig amount = $420 paid $57.75 Integrity Advance orig amount = $400 paid $360.00 I live in Arkansas. I have managed to pay off 3 other PDL's. I had to borrower in order to pay for a move closer to my job. My problem is I work for a Bank and I can't close my account. I cannot borrower money from family members or take out a bank loan to pay it off; I also cannot afford to continue just paying the bi-weekly fees and stay afloat. Can someone tell me what my rights are in Arkansas. I want to repay what I borrowed but at this rate I will never get to principal. I have read a lot of the forum and am planning to Revoke Authorization. Any help and direction would be appreciated. Cindy 
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#2
09-16-2009, 10:30 PM
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Click the link below to read your payday loan laws.
http://www.paydayloaninfo.org/state_detail.cfm?id=AR Arkansas allows an Internet based payday loan company to lend legally as long as it is licensed in any US State. They would need to follow the laws of the state they are licensed out of, not the state the consumer is in. I don't know what state either of your lenders are licensed in, but I suspect that IF they are licensed at all, it's probably in Delaware. You can check the Delaware licensee data base at the link below: http://banking.delaware.gov/informat...epsearch.shtml You can also type in the names of these lenders into the search box located in the upper right hand corner of this forum to read what other members say about them. I may do some checking myself so keep checking back for more replies. __________________
CLICK HERE To join my Social group, The Payday-Loan-Free Advocates! Online Complaints Ohio Attorney General Online complaints: Federal Trade Commission. Ohio Payday Loan Laws CLICK HERE to find a Creditor
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#3
09-16-2009, 10:31 PM
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By the way, this forum is running rather slow tonight so if I disappear suddenly it wasn't voluntary. lol
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CLICK HERE To join my Social group, The Payday-Loan-Free Advocates! Online Complaints Ohio Attorney General Online complaints: Federal Trade Commission. Ohio Payday Loan Laws CLICK HERE to find a Creditor
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#4
09-16-2009, 10:33 PM
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Discount Advances are NOT licensed ANYwhere in the U.S.
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CLICK HERE To join my Social group, The Payday-Loan-Free Advocates! Online Complaints Ohio Attorney General Online complaints: Federal Trade Commission. Ohio Payday Loan Laws CLICK HERE to find a Creditor
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#5
09-16-2009, 10:37 PM
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Here's the thing, if you send a revocation letter to these lenders, they will NOT honor it. They will try to debit your account under different names, this is why we suggest closing out your account. Once an illegal lender has your account information your account will NEVER be safe, even after you pay it off it won't be safe. A few weeks or even months down the road they will debit your account again. They think they are above the law, and usually what happens is these companies are overseas and have mail drop addresses in the U.S. to cover for them. CLICK HERE to find out how to deal with illegal lenders.
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CLICK HERE To join my Social group, The Payday-Loan-Free Advocates! Online Complaints Ohio Attorney General Online complaints: Federal Trade Commission. Ohio Payday Loan Laws CLICK HERE to find a Creditor
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#6
09-16-2009, 11:04 PM
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So Integrity Advance is licensed in the State of Delaware so I am liable to follow whatever their laws are? Is that correct?
I work for the bank so I can put a freeze on the ACH debits and mail paper checks without a problem. I have daily access to check my account and make sure that the transaction do not go through. For Discount Advances who operate out of St. Lucia and is not licensed in any state once I pay back the principal then I am not liable for the additional fees and interest they are trying to charge. Am I correct? I've been in banking for 20 something years and cannot believe I am here and have allowed myself to get in this position but desperate times (divorce and moving) push people over the edge. I am physically ill because of this. I just want to payback what I owe but feel like I will never get ahead.
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