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 Posted: Fri Feb 08, 2008 9:50 am Subject: help with pdls
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i live in Maryland work in Delaware. took out several storefront loans in Delaware. Maryland prohibits pdls, what action will they take in default, is it under Maryland or Delaware law. will they take me to court in Delaware or Maryland
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fastcast1
Joined: 27 Jan 2008
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Posted: Fri Feb 08, 2008 10:36 am Subject:
Latest Blog Post : http://frogpatch.yesdebtfree.org |
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When you took these loans out did you show them your Maryland drivers license? If so they would have refused you. If you didn't they would have refused you. Read between the lines!
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frogpatch
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Posted: Fri Feb 08, 2008 10:45 am Subject:
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Right, that doesn't make any sense!!!!! If you really took these loans out and defaulted on them I think your biggest problem isn't where they are going to sue you, it is when!!!!
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Sassnlucy
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Posted: Fri Feb 08, 2008 10:48 am Subject: pdls
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i did show them my maryland drivers license they took it fine
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fastcast1
Joined: 27 Jan 2008
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Posted: Fri Feb 08, 2008 10:54 am Subject:
Latest Blog Post : http://frogpatch.yesdebtfree.org |
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Why not pay them back instead of getting sued? It is your oblgation! They will sue you where you live most likely! Because you crossed state lines to take out a loan that is illegal in Maryland do not think that Maryland law will protect you!
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frogpatch
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Posted: Fri Feb 08, 2008 11:25 am Subject:
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i do have every intention to pay back the debt i am not dishonest but only 2 seem willing to work with me, i guess i am trying to understand how the system works looking at worst case scenario
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Posted: Fri Feb 08, 2008 11:43 am Subject:
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In the section on this site which gives payday loan laws for each State, I'd suggest calling the Maryland Commissioner of Financial Regulation and see what they say about it. I live in MD and had internet payday loans and they helped me quite a bit. They might at least be able to advise you as far as if you'd be held liable under Delaware or Maryland law.
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Pachacutec
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Posted: Fri Feb 08, 2008 6:40 pm Subject: r
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These are storefront pdls. They are going to go by the state law where the pdls were taken out. It doesn't matter if you live in Tennessee and took them out in Delaware. You took them out in Delaware. What you need to do is NOT default, if possible. If you're having problems with making full payment, try to set up a payment arrangement with them. Also, check to see if they are members of the CFSA, of which you would then be able to invoke the EPP and make payments on them. However, you must not be in default to invoke the EPP if they are members of the CFSA. I know you don't intend to purposely default on these storefronts, but just thinking that because you live in another state that you're "safe", you're really not. Please try to set up payments with them. If you can't get results with the storefront managers, call the corporate office. They may be able to help you more than the managers regarding making payments.
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