How to Deal with Illegal Loans..OhioGal's Primer http://www.debtconsolidationcare.com...allenders.html PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.
By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
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http://www.lexisnexis.com/hottopics/mdcode/
Debt Samaritan
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http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html
http://www.debtconsolidationcare.com...allenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.
SOL for all states
http://www.debtconsolidationcare.com...imitation.html
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Thanks everyone... Having a problem from First America Credit. I have sent a list of my PDL's to the Commissioner of Financial Regulation for MD.
Debt Samaritan
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The MD Commission is a great help in dealing with PDL's. Glad you notified them. :p
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I second that; the MD Commission on Financial Regulation does a great job, good to hear you're in touch with them .
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