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The PDL industry is crumbling because there are people that don't think before they act! These companys don't force you to buy their products! And they also explain the complications! And you find it responsible to get the product and then dissapear or try and find an excuse? If the PDL are illegal and people knew it from the start why did they took the money?
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I don't understand why people point fingers if they don't know what they are talking about. These companies do not advertise that they break their own agreements, overcharge what the legal interest rate is, refuse to acknowledge when you try to pay off the principle, change the terms of the loan, and try to take more from your account than they are authorized to take. I for one, wouldn't be here now if I had known that they would break the law, or that they were breaking the law.
The fact of the matter is the PDL companies are preying on people who are in desperate need of financial help. People who are desperate don't do the necessary research to find out that these places are illegal, or that they will be swindled. The point is, if they followed the laws, and weren't trying to make a quick buck off of people who don't have it to begin with, then it would be a good temporary solution to money emergencies. I think for the most part, we here are all good people, we just got into bad situations, and now we're fighting back and the PDL companies don't like getting caught with their pants down (so to speak). Just my opinion... sorry to vent.
Jen