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Old 04-28-2009, 09:59 AM
rise2it89 rise2it89 is offline
 
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what are the laws in pennsylvania with payday loans? i have 3 payday loans that i got on-line..cashnetusa.com,biggest-cash.com and paydayone.com...what are the laws as far as how much interest they can charge and the fees they can charge?
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Old 04-28-2009, 10:13 PM
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bakerjon bakerjon is offline
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Pennsylvania laws states Lending of payday loan is prohibited in the State of Pennsylvania.
Interest rate cap - $9.50 per $100 pa discount or 24% pa
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Old 04-29-2009, 04:24 AM
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Not actually correct Bakerjonz. In PA if a pdl is licensed ANYWHERE, it is considered legal in PA
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Old 04-29-2009, 04:26 AM
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OOps, my error. As of Feb, they must be licensed in the state of PA
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Old 04-29-2009, 06:49 AM
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so how can i find out if the above payday companies are licensed in pa?
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Old 04-29-2009, 06:51 AM
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nohiogal nohiogal is offline
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Link to the PA license database.
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