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 Posted: Thu Sep 04, 2008 8:42 am Subject: PDL's in Iowa |
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I've been reading the posts and am a little confused at how this site works. I have three PDL, all from three stores here in Iowa. I owe the following:
Advance America - $300/original loan was $500
Check into Cash - $300/original loan was $500
MoneyX - $500/none paid to date
The first two are from accounts I have now closed so they can't get $ from the bank. The third one is on a new account I opened about a month ago - I don't have the money in the account for them to take and Wells Fargo never pays, they always bounce.
I tried to call PDLassistance, but they say unless they are internet they can't help me because they are in Iowa. Not sure why, but they won't.
Any assistance you can provide would be awesome. Thx
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outspokenchick2004
Joined: 04 Sep 2008
Posts: 1
Debtcc Points: 22
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| Posted: Thu Sep 04, 2008 6:00 pm Subject: |
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Here are the laws for IA
| Quote: | Iowa State Information
Legal Status: Legal
Citation:
Iowa Code Ann. ยง 533D.1 et seq.
Loan Terms:
Maximum Loan Amount: $500
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: $15: $0-$100; $10 per $100 thereafter
Finance Charge for 14-day $100 loan: $16.67
apr for 14-day $100 loan: 433%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: Two
Rollovers Permitted: None (cannot repay, refinance or consolidate)
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: One $15 NSF fee (exclusive remedy)
Criminal Action: Not Specified
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You are going to need to work out payment arrangements with these companies since they are licensed and legal. Am I correct in assuming you have defaulted on these pdls?
_________________
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
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