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 Posted: Mon Mar 17, 2008 11:20 am Subject: payday loan help
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I have a few payday loans that i applied for on line. i have been paying renewal fees that are ove teh amount i actually borrowed. I have tried to work with this company but they could care less. can any way send me or show me where i can find pennsylvania rules on fees and how long a loan can be taken, rollovers ect. I have collectors calling me threatning me telling me i am committing fraud they even called my job and told the manager unless i made arrangement they would have the police come to get me what can i do. please help. i closed my account but they are still harrassing me.
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robmeca22
Joined: 17 Mar 2008
Posts: 19
Debtcc Points: 611
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Posted: Mon Mar 17, 2008 11:27 am Subject:
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Rob, We will do everyhting we can to help you. First, could you list the companies you are dealing with, how much you borrowed from each and the total of how much you have paid back to each. The collectors calling are making threats to get you to pay. They can not arrest you..they are trying to scare you and have drug your mangaer into it. I will post your state laws for you...
_________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
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RoxyNY
Moderator
Joined: 03 Aug 2007
Posts: 4093
Debtcc Points: 11406
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Posted: Mon Mar 17, 2008 11:32 am Subject:
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Okay, for one thing someone will be along shortly to post your pdl laws for your state and the second thing is nobody can have you arrested for non-payment of a pdl....you need to send them a letter revoking any wage assignments that you may have signed so that they can not attach your paycheck.
I am glad that you closed your account that way you will be able to get back on top of all. Hang in there and someone will be along shortly.
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ladybug
Joined: 29 May 2007
Posts: 2759
Debtcc Points: 24754
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Posted: Mon Mar 17, 2008 11:34 am Subject:
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Roxy you beat me to it...I am glad that we are so fast to respond to these I know what a stressful situation it is for people because I have been there...
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ladybug
Joined: 29 May 2007
Posts: 2759
Debtcc Points: 24754
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Posted: Mon Mar 17, 2008 11:58 am Subject:
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Hi Lady.. I am with you there...I still get weepy when I thing about my beginning on this site.
Rob..here are the laws for PA
| Quote: | Pennsylvania State Information
Legal Status: Prohibited
Citation:
Check cashers are specifically prohibited from making payday loans under Check Cashing Licensing Act of 1998, § 505(a). Otherwise, consumer discount company act applies. 7 Pa. Cons. Stat. Ann. § 6201 et seq.
Small Loan Rate Cap
$9.50 per $100 per year discount or 24% per year
Where to Complain, Get Information:
Regulator: Pennsylvania Department of Banking
Address: Market Square Plaza, 17 N. Second Street Harrisburg PA 17101
Phone: (717) 214-8343
Fax: (717) 787-8773
Regulatory Contact: Jim Keiser Administrator of Non-Depository Institutions
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Now, in the state of PA as long as internet pdl is licensed SOMEWHERE, the pdl is considered legally operating. We need to figure out if yours are licensed somewhere. Please post the information we requested so we can help you with this.
_________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
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RoxyNY
Moderator
Joined: 03 Aug 2007
Posts: 4093
Debtcc Points: 11406
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Posted: Mon Mar 17, 2008 12:01 pm Subject:
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Rob, could you do us a favor please, when you come back to answer these questions, could you post on the pdl fourm so we can fine you more easily ...there are a wealth of other members, several from PA and your posting there would allow as many members as possible to help you. Click on fourms at the top of the page, scroll down to the pay day loan form and click on it...click on new topic at the top right side of the page and post away...I will be looking for you and if you can not figure out how to do that..I will keep checking back here for you.
_________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
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RoxyNY
Moderator
Joined: 03 Aug 2007
Posts: 4093
Debtcc Points: 11406
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