| Author |
Message |
|
|
 Posted: Sat Sep 15, 2007 7:11 am Subject: Check n Go Internet PDL?
|
|
|
I have an internet PDL through Check n Go. I recently found out that internet PDLs are illegal in my state (Kentucky). They are apparently backed by First Bank of Delaware. Do I have to pay this?
|
|
rustysullivan
Joined: 15 Sep 2007
Posts: 3
Debtcc Points: 162
|
|
|
 |
|
Posted: Sat Sep 15, 2007 7:15 am Subject:
Latest Blog Post : Groceries....How to Save $$! |
|
|
This sounds like one of Check N Go's installment loans - like CashCall - because it's backed by a bank.
Anyone else know for certain? If this is indeed one of their installment loans, you need to be careful not to treat it as an illegal PDL.
_________________
A journey of a thousand miles begins with a single step...and becoming debt free is a journey!
|
|
SUEBEEHONEY70
Moderator
Joined: 12 Oct 2006
Posts: 4390
Debtcc Points: 61073
|
|
|
|
Posted: Sat Sep 15, 2007 7:26 am Subject:
|
|
|
yes it is the installment loan, similar to cash call. When you apply it actually takes you to the Bank of Delaware Installment loan website. So, sadly to say, it is a legal loan because they are backed by a bank.
|
|
got2pay2play
Joined: 30 May 2007
Posts: 61
Debtcc Points: 1943
|
|
|
|
Posted: Sat Sep 15, 2007 7:29 am Subject:
|
|
|
Thanks for the info. I will call and make payment arrangements with them on Monday.
My apologies to the mods. I posted this via the "ask the community form on the left side of the forum page, and it posted in here rather than the PDL forum.
|
|
rustysullivan
Joined: 15 Sep 2007
Posts: 3
Debtcc Points: 162
|
|
|
|
Posted: Sat Sep 15, 2007 7:36 am Subject:
Latest Blog Post : Groceries....How to Save $$! |
|
|
rusty - not a problem at all! We're just glad you found the site and received an answer to your question - good luck with this issue!
Please feel free to stick around and learn more about debt & credit, and ask any questions you may have. 
_________________
A journey of a thousand miles begins with a single step...and becoming debt free is a journey!
|
|
SUEBEEHONEY70
Moderator
Joined: 12 Oct 2006
Posts: 4390
Debtcc Points: 61073
|
|
|
|
Posted: Sat Sep 15, 2007 8:20 am Subject:
|
|
|
Welcome to the Community Rusty SueBee is right, we are glad you found us!!
I moved the topic to the Payd Day Loan Forums for you.
Let us know if we can help!..Karen
_________________
As long as you are alive, there's always hope
|
|
Bossy4455
Moderator
Joined: 27 Feb 2006
Posts: 5538
Debtcc Points: 65211
|
|
|
|
Posted: Sat Sep 15, 2007 9:20 am Subject:
|
|
|
Yeah, Federal Law allows FDIC insured banks to import their home state's interest rates, and operate in other states without a license.
_________________
How I make some extra cash
I earn at least $20 extra every month doing offers. And you don't have to pay a cent.
|
|
goudah2424
Moderator
Joined: 31 Oct 2006
Posts: 8007
Debtcc Points: 111673
|
|
|
|
Posted: Mon Sep 17, 2007 6:16 am Subject:
|
|
|
Hi Rusty. How is it going with makeing payment arrangements with your cng installment loan? I have a special interest in this because I have a friend in a similar situation.
|
|
eleroo
Joined: 06 Jun 2007
Posts: 1227
Debtcc Points: 14311
|
|
|
|
