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Guest

Hi everyone. I stumbled upon your site while searching for help on payday loans. The current loans I have are:

Ashland Enterprises: 300
SSM Group: 300
B & L Marketing: 300
Geneva Roth Cap: 400

Also, for legal purposes, I am a resident of New Hampshire.

I was considering using Langhorne or a similar programto help me get out of this at first, but then I found something interesting to all residents of NH:

The following public document located on the NH Banking Website that states:

Any business engaged in payday or title loans in the State of New Hampshire, or to its residents, must obtain a physical address within the State that is readily accessible to consumers.

Wouldn't this make ipdls illegal by definition?
Can I use this to tell them to F'Off?

The only thing I am worried about is being harassed at work. My career is in private investigations and I can be terminated. Any advice on how to deal with this?

Posted: Thu Jul 03, 2008 12:53 am Subject:

Payday loan legal informations are given below: -

From this it seems that in your state collection on payday loans are illegal. So, I think a payday loan company can't appoint a collection agency to collect the debt.

In case you are harassed by a collection agency then you can sue the CA as collection on payday is illegal.

Posted: Thu Jul 03, 2008 3:56 am Subject:

If I were you I would call the NH State Banking Dept. to be sure, the number is: 603-271-0750. I am moving this topic to the payday loan section so it will receive more attention. Smile

Guest · Posted: Thu Jul 03, 2008 4:38 am Subject:

Loans are legal in N.H. If it is a licensed co then by all means they can collect on the debt. Criminal action is prohibited , but if it is a licensed lender in your state the loan is indeed legal and must be paid. Where do you see it is uncollectable. Misinformation can lead to tremendous problems

Posted: Thu Jul 03, 2008 5:01 am Subject:

Guest, I appreciate your input, that is why I suggested the OP call NH State Banking Dept. It's better to be safe than sorry. Smile

Posted: Thu Jul 03, 2008 5:47 am Subject:

Here is some information from Goudah's PDL's Made Simple thread..

Guest · Posted: Thu Jul 03, 2008 4:47 pm Subject: Foreign Warrant?

One of the companies (Geneva Roth Cap) told me that they are based in the country of Malta and are going to file Criminal complaint charges against me for defaulting on my IPDLs in the country of Malta. They then told me that I will have an Interpol warrant and will be extradited to Malta to stand trial for defaulting on a loan.

I told them that no U.S. court would ever allow Malta to extradite me for a loan with no legal basis that I made in the U.S. and then I hung up.

I was correct in saying this right?

Posted: Thu Jul 03, 2008 5:15 pm Subject:

Absolutely! They are just trying to scare you...hypothetically, it would cost them more to extradite you to malta than you owe them Laughing

You had a good answer for them. Laughing

Posted: Fri Jul 04, 2008 4:55 am Subject:

They are clowns Laughing

Payday Loans · Posted: Fri Jul 04, 2008 11:44 am Subject: Payday Loans

Payday loans are quick, easy and most places are open longer hours than banks. Most importantly, Payday loans can help people in a time of need.

Posted: Fri Jul 04, 2008 11:46 am Subject:

Hahahahahahahahahahah!!!!!!

Posted: Fri Jul 04, 2008 11:48 am Subject:

The problem is that paying back the payday loans is anything but quick and easy. The fees and interest rates that are charged make it even harder for people who are already struggling to keep their heads above water.

Posted: Fri Jul 04, 2008 12:42 pm Subject:

Yes, they are quick, easy and handy when times are desperate but that is exactly what drives the PDLs . . . . .desperation. If the rates were competitive and fair we would not be having this conversation right now.

Posted: Fri Jul 04, 2008 12:46 pm Subject:

Not to mention if they followed the law.....and disclosed all the details in the beginning. The only reason I decided to fight mine, is because all three of them did the same thing. Said I had to email or fax their form in order to pay down or pay back the loan at least 3 business days before the "roll over fee" was scheduled to come out of my account. They claim they will email the form ever week. My loans were due to come out on Fridays I would get the form on Thrusday or Friday if at all that week. *sigh

Posted: Fri Jul 04, 2008 9:06 pm Subject:

Ya that's right...pdls are predatory. Easy availability of these loans make it so desirable as well as popular.

When I had taken my first pdl it is this easy availability that allured me. At that time I also thought that paying off $500 is not a big deal and took the pdl. But problem started after 2 weeks when i was unable to payoff the same mere amount and rolled it over. This process continued for quite some time and then I realized that I am in serious trouble.

I am sure that is how most of the people suffer due to payday loans. So, beware of Payday Loans. If you need urgent money then it is better to go to your friends, relatives or even boss rather than pdls.

Desperate in PA · Posted: Sun Jul 06, 2008 6:20 pm Subject: Help with my desperate situation.

Like so many other threads I have been reading, I am in the same situation. What started off as a convenient way to pay off something quickly has turned into a drowning situation for me.
This is my situation if someone can help...
I have loans through the following:
1. Cashnetusa-I owe $1200 (Paid $1080 in interest)
2. Paydayone-I owe $950 (Paid $1435 in interest since Dec.)
3. Paydaymax-I owe $500 (Paid $432 in interest and extension fees and $50 toward principal)
4. The Loan Shop - I owe $400 (Paid $480 in interest)
I have paid more interest on these than principal. Actually I have paid no principal on these except for the $50 on the one) because the interest takes about half of my paycheck every two weeks. I live in Pennsylvania and I would love to know what my true options are here? If someone could help I would gladly appreciate it. I do feel that I should pay the principal but cannot seem to do so with the high interest rates. I am NOT adverse at all to closing my credit union account but one loan document states that if I close my current account, they can still take money from any other account I would open with my name on it? Any advice on this as well? You all seem so much smarter at this than I am. Thank you so much and I look forward to any help anyone can offer!

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