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lee40 · Posted: Mon Jun 16, 2008 9:50 am Subject: multiple pdls

Hi I need help, I live in Wisconsin and have multiple online pdl's I am wondering the process of getting these paid by myself. here are the following loan
loanpoint $300 + $90
I live in Wisconsin and have multiple online pdl's I am wondering the process of getting these paid by myself. $300 + (0
upfrontpay 500 = 150
usapayday 150 + 45
quick cash 300 + 75
netcash 300 + 90
zip cash 300 + 90
instant loans 400 +120
payday loan 350 + 105
Thanks in advance for your help

Posted: Mon Jun 16, 2008 9:52 am Subject:

hello, I'm not an expert and cannot offer too much advice but if you stick around, someone will be by soon.. this board has helped me so much, i had three payday loans which may not seem like a lot but it was the same three that i kept getting over and over to pay off the others with. i had loan point usa - is that the same as the one you had? it's been since april and they are still giving me problems. again, good luck..
btw, have you paid anything on any of these yet??

lee40 · Posted: Mon Jun 16, 2008 10:01 am Subject:

yes I have but not much

Posted: Mon Jun 16, 2008 10:02 am Subject:

Hello Lee and welcome to the community, I am going to post your laws, but would you mind telling us which of these are store front and which are Internet loans? Thank you. Smile

Posted: Mon Jun 16, 2008 10:03 am Subject:

You can search the licensee data base here:
http://www.wdfi.org/fi/lfs/licensee_lists/

lee40 · Posted: Mon Jun 16, 2008 10:05 am Subject:

they are all online payday loans, Also I feel really stupid I read the wisconsin law but I really dont understand still how this works

Posted: Mon Jun 16, 2008 10:10 am Subject:

Unless I am mistaken, your laws doesn't look very stringent with pdl's. Confused

Posted: Mon Jun 16, 2008 10:13 am Subject:

Don't feel stupid, I'm there with you, I still haven't figured out these laws and how they work, so I am right there with you. There are many people here who are pretty much experts at interpeting these laws though. Have you secured your bank account yet? Are there any scheduled debits from these companies which are due soon?

Posted: Mon Jun 16, 2008 10:16 am Subject:

Is The Little Loan Shoppe a pdl or an installment type of loan?

Posted: Mon Jun 16, 2008 10:20 am Subject:

I may need to leave quickly as I am at work, if so, there will be someone else available to advise you. I just wanted to let you know that. Smile

lee40 · Posted: Mon Jun 16, 2008 10:20 am Subject:

Little Loan Shoppe is a pdl, I have closed my bank account per the request of PDL Assistance. I was going to go throughtheir program but I came across this and read how some people are handling it on there own. I just dont know If I can,

Posted: Mon Jun 16, 2008 11:45 am Subject:

Lee...you have taken the first step in getting control of your PDL problem. As soon as they realize they do not have access to your money they realize that YOU are in control! Smile

I believe you need to find out if your PDL (which are all on-line PDL's) are legal to lend in Wisconsin. If they are not licensed to lend to WI residents, then technically, the loan is void and you don't have to repay it. MORALLY, you could pay the principal amount you borrowed, but you are not obligated to pay their usurious rates and fees.

Deal with them one at a time and you will see how quickly these will disappear.

Spend some time searching this website and you will see that others have been in your shoes.

Best to you!

Posted: Mon Jun 16, 2008 11:51 am Subject:

That is good advice despertaely. I know that at first it can seemo overwhelming but you can do it yourself. Just follow everyone's advice because we have all been there. Smile

Posted: Mon Jun 16, 2008 11:52 am Subject:

Lee I am sure you can do this yourself, but it will take a lot of persistence and paper work to accomplish it. Smile

Posted: Mon Jun 16, 2008 11:52 am Subject:

Wisconsin is a wierd state as far as the laws go and who they apply to. It's as follows:

If the pdl solicited the loan - They must be licensed in WI and follow WI laws.

If you found the pdl online - They only need to be licensed in a US State and would follow the laws of the state they are licensed in.