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Posted: Fri Sep 19, 2008 10:13 am Subject: Arrowhead Investments and Astro Lending |
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I was just wondering if anyone knew if Astro Lending and Arrowhead Investments are legal in Pennsylvania? I'm thinking that they are not
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julesl76

Joined: 22 Aug 2008
Posts: 1
Debtcc Points: 35
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Posted: Sun Sep 21, 2008 9:04 pm Subject: |
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In Pennsylvannia, payday loans are prohibited. The pdl laws are: -
| Quote: | Legal Status: Prohibited
Citation:
Check cashers are specifically prohibited from making payday loans under Check Cashing Licensing Act of 1998, § 505(a). Otherwise, consumer discount company act applies. 7 Pa. Cons. Stat. Ann. § 6201 et seq.
Small Loan Rate Cap
$9.50 per $100 per year discount or 24% per year |
If you want to file complaint against a particular pdl company then you can do so to the following: -
| Quote: | Regulator: Pennsylvania Department of Banking
Address: Market Square Plaza, 17 N. Second Street Harrisburg PA 17101
Phone: (717) 214-8343
Fax: (717) 787-8773
Regulatory Contact: Jim Keiser Administrator of Non-Depository Institutions |
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phoenix


Joined: 14 May 2008
Posts: 1081
Debtcc Points: 6075
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Posted: Mon Sep 22, 2008 7:38 am Subject: |
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There's a loophole in the Pa. lending law, as long as they are licensed in ANY state in the US you will need to follow the laws the pdl is licensed in.
_________________ HAPPY NEW YEAR!!!
To a crisis of the spirit, we need an answer of the spirit.
To find that answer, we need only look within ourselves.
When we listen to "the better angels of our nature," we find that they celebrate the simple things, the basic things--such as goodness, decency, love, kindness.
Greatness comes in simple trappings.
-Richard Milhous Nixon,
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dawnlango7
Debt Samaritan

Joined: 05 May 2008
Posts: 955
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Posted: Mon Sep 22, 2008 8:42 am Subject: |
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Arrowhead is in KS
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wssu91

Joined: 31 Mar 2008
Posts: 510
Debtcc Points: 2473
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Posted: Mon Sep 22, 2008 9:27 am Subject: debt |
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Ok........so, if I live in PA and I had gotten a 'loan' from Arrowhead, I have to go by the state THEY are in, instead of the state of PA?
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sdchargers_63

Joined: 08 Aug 2007
Posts: 1283
Debtcc Points: 11812
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Posted: Mon Sep 22, 2008 9:46 am Subject: |
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Yes, if Arrowhead is licensed in Kansas then they would need to follow the Kansas laws
_________________ HAPPY NEW YEAR!!!
To a crisis of the spirit, we need an answer of the spirit.
To find that answer, we need only look within ourselves.
When we listen to "the better angels of our nature," we find that they celebrate the simple things, the basic things--such as goodness, decency, love, kindness.
Greatness comes in simple trappings.
-Richard Milhous Nixon,
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dawnlango7
Debt Samaritan

Joined: 05 May 2008
Posts: 955
Debtcc Points: 3458
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Posted: Tue Sep 23, 2008 7:18 am Subject: |
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is Astro lending lega in michigan?? I can not find any information on it anywhere.
thank you
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wendylynn93

Joined: 25 Aug 2008
Posts: 176
Debtcc Points: 1902
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Shazzers
Moderator


Joined: 05 Dec 2007
Posts: 5042
Debtcc Points: 31078
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Posted: Tue Sep 23, 2008 7:34 am Subject: |
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thank you shazzers. I will call them right away
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wendylynn93

Joined: 25 Aug 2008
Posts: 176
Debtcc Points: 1902
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Posted: Tue Sep 23, 2008 8:16 am Subject: pdl |
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ALL of the PDL's are illegal in the state of PA? I din't know that ( did I misunderstand?). I haven't looked to see which PDL's ARE illegal in PA. As I said, i don't know if I misread the comment above.
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sdchargers_63

Joined: 08 Aug 2007
Posts: 1283
Debtcc Points: 11812
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Shazzers
Moderator


Joined: 05 Dec 2007
Posts: 5042
Debtcc Points: 31078
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Posted: Sun Nov 02, 2008 8:36 am Subject: customer |
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I am a current customer with questions about my account
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James Hawthorne
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Debtcc Points: 100
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Posted: Sun Nov 02, 2008 3:23 pm Subject: debt |
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Arrowhead Investments ....i think I read somewhere that they are NOT legal in MI. I can't remember where I saw the info. I know it was on the web, but, I apologize..I don't remember what sight.
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sdchargers_63

Joined: 08 Aug 2007
Posts: 1283
Debtcc Points: 11812
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Posted: Sun Nov 02, 2008 8:51 pm Subject: |
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PA and TN are the two states that have that weird twist to their pdl laws.
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kfstaff24

Joined: 11 Oct 2008
Posts: 445
Debtcc Points: 2852
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Posted: Wed Nov 26, 2008 7:32 am Subject: Astro lending |
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who are they, are they legal in mass
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boston
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Debtcc Points: 100
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