Sub: #1 Unable to pay Internet Payday Loans
Replied on 11-04-2008, 08:32 PM
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I've never been unable to pay my loans but realized that I won't be able to make any of my 3 payday loans coming up. What should I do? I've provided the following information in regards to who I owe and how much. I live i n the State of Hawaii.... Payday One I borrowed $500 / interest is 88.20 / $588.20 due 11/12/08 Discountadvances borrowed 500 / interest is 129.38 / $629.38 due 11 /14/08 CashnetUSA borrowed $500 / interest is 70.60 / $570.60 due 12/1 please HELP!


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Sub: #2
Replied on 11-04-2008, 11:38 PM
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Pdl laws in Hawaii: -
Quote:
Legal Status: Legal (Applies to check cashers only)
Quote:
Loan Terms:
Maximum Loan Amount: $600
Loan Term: Max: 32 days
Maximum Finance Rate and Fees: 15% of check
Finance Charge for 14-day $100 loan: $17.65
apr for 14-day $100 loan: 459%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot refinance or consolidate)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: $20 NSF fee; Check Casher that accepts check passed on insufficient funds not entitled to recover damages
Criminal Action: Prohibited (Unless check returned due to closed account or stop-payment by maker)
Quote:
Where to Complain, Get Information:
Regulator: Hawaii Department of Commerce and Consumer Affairs
Address: Consumer Resource Center, 235 S. Beretania Street, Rm 801 Honolulu HI 96813
Phone: (80 587-3222
Fax: (80 586-2640



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Sub: #3
Replied on 11-04-2008, 11:49 PM
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Though I'm not sure but all the 3 pdl companies are licensed in your state. So, you have to follow the pdl laws of your state, as mentioned above.




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