| Message |
Author |
 Posted: Fri Aug 29, 2008 1:34 pm Subject: PDL NIGHTMARE |
|
|
HI, I really hope some one can help me. I have serveral PDL out there. Big, Global Financial, ezpayday cash, and cashnminutes. I simply can not pay for these anymore. I have been paying on them and can not seem to catch a break. I went this morning and closed my account and opened a new one. The bank assured me nothing could be taken out of the new account. Cashnminutes had a so called investigator call me saying that if i did not pay $750 by 09-06 then a process server would serve me at work and i would have to go to court in tx/ I live in new mexico. I also saw online the pdl assistance program, kinda like debt consalidation i think, but it cost $200 to join there program. Can some one please help me? what will these people do? what i am required to do? HELP
_________________
Register today to encash debtcc points.
|
|
ANGEL B
Guest
Debtcc Points: 100
|
|
|
| Posted: Fri Aug 29, 2008 1:51 pm Subject: |
|
|
Here is the state laws for New Mexico.
| Quote: | New Mexico State Information
Legal Status: Legal
Citation:
N.M. Stat. Ann. ยง 58-15-32 to 38
Loan Terms:
Maximum Loan Amount: $2,500
Loan Term: 14 to 35 days, can be shorter by written agreement
Maximum Finance Rate and Fees: $15.50 per $100; $.50 verification fee per $100
Finance Charge for 14-day $100 loan: $16
apr for 14-day $100 loan: 417.14%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: Total capped at 25% gross monthly income
Rollovers Permitted: None
Cooling-off Period: 10 days
Repayment Plan: Yes, equal installments over 130 day period
Collection Limits:
Collection Fees: $15 NSF fee one time per loan
Criminal Action: Prohibited
Where to Complain, Get Information:
Regulator: New Mexico Financial Institutions Division
Address: 2550 Cerrillos Road, 3rd Floor P. O. Box 25101 Santa Fe NM 87505
Phone: (505)476-4885
Fax: (505) 476-4670
Regulatory Contact: Henry A. Vigil,, Consumer Industry Manager
Regulator Website
|
How much have you paid to each PDL so far, it's possible that you may have been overcharged on some of them.
_________________
ILLINOIS LICENSE SEARCH / CONSUMER CREDIT / GUIDE TO PAYDAY LOANS
http://www.idfpr.com/dfi/ccd/ccd_licensees.asp
ILLINOIS PAYDAY LOAN LAWS
http://www.paydayloaninfo.org/state_detail.cfm?id=IL
WISCONSIN PAYDAY LOAN LAWS
http://www.paydayloaninfo.org/state_detail.cfm?id=WI
WISCONSIN LICENSE SEARCH
http://www.wdfi.org/fi/lfs/licensee%5Flists/
|
|
PinkLady
Moderator
Joined: 15 Jun 2006
Posts: 1448
Debtcc Points: 20304
|
|
|
|
|
|
All times are GMT - 7 Hours
|
| Page 1 of 1 |
|
