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acanty07 · #1 10-26-2008, 10:51 AM

If pdls are prohibited in ct, what does tha tmean for a resident of ct. who has internet pdl,s ??

kfstaff24 · #2 10-26-2008, 11:25 AM

It means they are in double trouble for lending to you. Morally and ethically you are only obligated to repay the principal and nothing more.

Shazzers · #3 10-26-2008, 05:17 PM

Connecticut Internet payday lenders are not legal, either because of restrictive laws, or because the state does not license companies not located in that state, but requires a state issued license to lend.

Quote:

Connecticut State Information

Legal Status: Prohibited

Citation:
Usury act applies or small loan act applies. Conn. Gen. Stat.Â§ 36a-563

Small Loan Rate Cap
30.03% apr or $17 per $100 up to $600; $11 per $100 up to $1,800; add-on interest

Where to Complain, Get Information:
Regulator: Connecticut Department of Banking
Address: 260 Constitution Plaza Hartford CT 06103
Phone: (860) 240-8299
Fax: (860) 240-8167
Regulatory Contact: Alan Cicchetti Deputy Commissioner
Regulatorâ€™s Website
Complaint Form
Complaint Instructions
Online Resources:

Shazzers · #4 10-26-2008, 05:17 PM

I hope the information below will help you.

You are only obligated to pay back the principal amount you borrowed from an unlicensed/illegal Internet Payday Lender.

Quote:

What should you do?
Close your account asap, if you are unable to close your account, go into your bank and ask to speak with the Branch Manager, tell him/her you need a hard debit block placed on your account immediately! Explain that you are revoking ACH authorizations from unlicensed/illegal companies, and have learned these companies are notorious for ignoring revocation, therefore it is important to BLOCK any withdrawal attempts on your account to protect your interest. This is your privilege, do not accept no for an answer. The following link will provide you important information regarding closing accounts. CLICK HERE

What next?
AFTER your account is secure send each pdl (the unlicensed and illegal) an email similar to THIS (please scroll down to locate letter template). Tailor this letter to your needs, and try to write it with the same basic concept in your own words. You will need to research and locate email addresses/physical addresses if you don't already have them, I suggest that you type the name of the pdl (example: "oneclickcash address") in the search box in the upper right hand corner of this forum. You may also search for addresses HERE at the Better Business Bureau.

File complaints: Most of the time, you can file a complaint online with the following, I encourage you to follow through with doing so, you will need to search the Internet for your state Attorney General's website, however, here are links to file complaints for the FTC, Online complaints: Federal Trade Commission., and the BETTER BUSINESS BUREAU.

Keep in mind that you may not receive a response for days, or even weeks, or, you may receive harassing and threatening phone calls. I have found the best way to deal with this is not to respond or reply, simply hang up.

Side note: If you have paid an illegal/unlicensed payday lender above and beyond the principal amount you borrowed, it might be a good idea to demand a refund and a paid in full letter/receipt. You may or may not get one or both. It still doesn't hurt to include that tidbit in your letter.

#5 10-30-2008, 09:28 PM

can they garnish my pay

NASCAR_Devil · #6 10-31-2008, 04:07 AM

Did you sign a voluntary wage assignement? If so, send them a revocation letter and copy your payroll department.

#7 12-17-2008, 06:12 AM

in these pdl contrack is there anything that states if u dont pay they can take it out of ur pay check this guy max talor keeps saying there going to take it out of my check

paulmergel · #8 12-17-2008, 06:23 AM

as nascar says,if you signed a wage assignment revoke it.that is the only way an illegal pdl can take money out of your pay.they won't be able to garnish because they would need a court order to do so.

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