Has Anyone NOT paid the PDLs No Principal OR Fees

guest, if you are in PA, you will need to find out if the pdl is licensed in ANY state. If they are licensed SOMEWHERE (not just PA), you go by the pdl state law. If they are not licensed, they are illegal. You can follow your PA state law.

i agree - we did nt know these were illegal transactions and we are showing the payday people we are just like them - the principal is what they deserve no more. Don't drop to their moral-less life - pay your debt and help others from being caught in the PDL evil trap with no thought to moral values or the individual being caught. Being on disability now, i needed support not demands and upon finding 3 of my 4 are illegal i have the sound mind of knowing i can pay my bills pay the legal one as planned and pay the princiapls of the othe 3 as i can on my terms.

Jules

And a final note is the pa state law 6 percent of total of loan for the legal fee? thanks

guest, I am posting the PA pdl law for you to see. It'll help. In PA, pdl's are prohibited. However, PA has that "loophole" where they will allow internet pdl's IF they are licensed in SOME state. You can see on your PA pdl law there is something about a fee for a "small loan" or whatever they call it. Since pdl's are prohibited in your state, it's hard to interpet. If the pdl isn't licensed ANYWHERE, they are flat out illegal. But to put your mind to rest as to what your state pdl law says, I'm posting it for you.

You should pay the finance fee as well. After all, lending money is not free.

Screw paying that crap. Who the hell is Christie, an employee of this crooked company who is doing the lending? Most likely with a comment like that.

Guest and/or Christy, do not try to steal people's money. We are not stupid here. You are obviously someone who will gain if someone pays what you suggested. Well, my advice is to tell that loan company to fuk off.

Well, anthony. I think Christie is an idiot. PDL idiot or not. Still an idiot. Spouting opinions without knowing all the facts. As usual. Talk about uneducated.

When you are operating a company illegally, it is the risk you take that you will not be able to collect fees. It's not like it's hard to follow the laws. Many businesses do and still prosper. You don't have to break the law and screw customers to make a living.

Not exactly, I will explain more in detail later but no, not employed by any lender. But I know many of them and have a business relationship with them. But if you agree to borrow $300 and pay back $375 on your paydate then you should.

christie, do you have "business relationships" with the lenders who are not licensed/legal to conduct business anywhere in the United States?

So I agree with Cannr that they world is flat . . . . Does that make it so? No! There are laws . . . . We live in the US. Laws must be followed or else there are consequences.

I will tell you this, Ms. Christie; If a company can not follow the laws, and lend money knowing they are ignoring the laws, then that company gets what it deserves. Being screwed out of the money. Perhaps that will teach them to become law abiding.

Look, I am not saying I condone paying back $800 on a $300 loan. But I think if these documents were read a little better people would not get sucked in as bad. They state the amount borrowed, the finance fee and the terms of the loan in regards to paying off or roll overs etc. Most lenders that members of the CSFA are in compliance with laws that now include offering flexible repayment plans without accuring additional interest. I work indirecty with these lenders every day. Most may not be licenced to operate in your state but that does not exactly apply to internet loans either. I will be posing much more info later when I have time but this is not the correct thread for that. The OP asked if anyone has ever not paid anyone back any money. If you borrow money and agree to payback a particular amount then you should. After all, you are not really hurting the company by taking out a loan and not paying it back but you are hurting your ability to take out a loan if you REALLY need it as well as your check writing privilages and NSF Fees at your bank etc.

Christie -



that's where you're wrong. With an IPDL, there ARE no documents - none. The transaction is done online - and quite often, it's dang near impossible to find the interest rate on their website, or the website disappears before you can go back to find it to get your "documents" to print out. They change names faster than most people change underwear.


And I have to take issue with your statement that not paying back a PDL will hurt your chances to get a loan with a REAL bank. That's absolutely false. PDL's do not report to your credit report, they do not report to banks, they have no bearing on your ability to obtain a loan with a standard financial instution whatsoever. They do report to Teletrack, which is only used by payday lenders and rent-to-own places anyway - so if you get out of the vicious cycle of payday loans and don't intend to get back into it ever again, a report to Teletrack shouldn't worry you in the least.