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Payday Loan Bar Association

 
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PostPosted: Sun Mar 16, 2008 7:25 pm Subject: Payday Loan Bar Association

For all you data hounds - the payday loan bar association has a web site with the agenda for their annual meeting and lists of attendees...

wx3(dot)pdlba(dot)com

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PostPosted: Sun Mar 16, 2008 9:08 pm Subject:

went to the website and only saw one of the companies I was having problems with, but finally worked with me and that was Geneva Roth. Thanks for providing the link and info.
need2bdebtfree




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PostPosted: Sun Mar 16, 2008 9:57 pm Subject:

I like this little quote from them......


[quote]Q) Why Banks and Consumer Financial Services Providers Have Implemented Arbitration Programs

A) Level the Playing Field – The court system (particularly, the state court system) is clearly skewed in favor of consumers and plaintiffs’ attorneys and allows them free reign to take advantage of banks[/quote]

Sorry,for some reason my quotes dont work.

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PostPosted: Mon Mar 17, 2008 4:14 am Subject:

under construction is what I get....
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PostPosted: Mon Mar 17, 2008 8:05 am Subject:

I got it to work for me but I dont get it?
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PostPosted: Mon Mar 17, 2008 8:34 am Subject: reply

read your snippet warrior,at first i was puzzled.all pdl contracts have arbitration clauses in them.i think this is more malarky by ipdl's to try and be able to illegaly harras nothing more.
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PostPosted: Wed Apr 16, 2008 6:30 pm Subject:

It is strange that the payday lenders are saying they are "misunderstood" and 75% of the customers pay back their loan within 2 weeks. Are the customers rolling over their loans or borrowing from another payday company to pay the first loan?
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PostPosted: Wed Apr 16, 2008 6:56 pm Subject:

The arbitration clause is an escape clause to avoid the potential organization of a class action lawsuit. That's pretty much it. Payday lenders tend to cannibalize contracts and legal jargon from one another. They prefer to steal other companies' legal info so you'll find identical documents across the industry.
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