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 Posted: Thu Oct 04, 2007 8:59 am Subject: payday loans in Maryland
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I have three small loans and I live in MD
Greenlight 100 just paid first fee 45
AIP 200 paid first fee 89
Zipcash was 150 + fees 45x4 paid off 145 still owe 65
My amounts are small but I don't pay to keep paying fees forever. I read through some of the posts but my questions is when you get the info for your state what do you do next? And how can the info help? 
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sfleet
Joined: 04 Oct 2007
Posts: 1
Debtcc Points: 144
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Posted: Thu Oct 04, 2007 10:41 am Subject:
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Hi sfleet. I LOVE your avatar.  Here are your state's laws regarding pdls. Also, can you let us know if these are internet or storefront loans? Thanks.
| Quote: | Maryland State Information
Legal Status: Prohibited
Citation:
Consumer loan act applies. Md. Code Ann. Com. Law II § 12-301 et seq.
Small Loan Rate Cap
2.75% per month; 33% per year.
Where to Complain, Get Information:
Regulator: Maryland Commissioner of Financial Regulation
Address: 500 North Calvert Street Suite 402 Baltimore MD 21202
Phone: (410) 230-6100
Fax: (410) 333-3866
Regulatory Contact: Michael Jackson Director, Regulatory Policy
http://www.dllr.state.md.us/finance/ |
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eleroo
Joined: 06 Jun 2007
Posts: 1227
Debtcc Points: 14309
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Posted: Thu Oct 04, 2007 10:41 am Subject:
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It looks like you are in luck! They are prohibited in your state. Have you closed your checking account yet?
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eleroo
Joined: 06 Jun 2007
Posts: 1227
Debtcc Points: 14309
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Posted: Thu Oct 04, 2007 10:47 am Subject:
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The state info will advise you of your state's payday lending laws. Chances are, the lenders you listed are in violation of your state's laws. You can use this information to your advantage by informing the lenders of the lending laws they are violating for your state.
Some members of this forum have actually found that they overpaid on their loans according to their state laws and requested refunds of the overpayment. Some have been successful in receiving them.
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Tiffany99
Debt Samaritan
Joined: 15 Jun 2006
Posts: 1064
Debtcc Points: 19133
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Posted: Thu Oct 04, 2007 9:11 pm Subject: reply
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tiffany, sfleet's state PROHIBITS pdls. So sfleet doesn't have to go by her state's laws. They are prohibited. These are internet loans. sfleet, you need to close your bank account, my friend. Please read the sticky at the top of this site page regarding closing your account. If you have any questions regarding the bank situation, please post anything. Also, you will need to send out some letters to these illegal pdls. And then you'll need to file some complaints with the government agencies. Please get your bank account straightened out FIRST before doing anything. You need to prevent them from debiting your money any further. Please post ANY questions. We can help you with this. And, your avatar is awesome! sfleet, we can help you. 
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cannr
Moderator
Joined: 07 Jun 2007
Posts: 9374
Debtcc Points: 124815
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Posted: Thu Oct 04, 2007 9:17 pm Subject:
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Sfleet, please come back and let us know where you are in the process. You have a great opportunity to get away from these moneysucking illegal pdls!
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eleroo
Joined: 06 Jun 2007
Posts: 1227
Debtcc Points: 14309
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Posted: Fri Oct 05, 2007 9:26 am Subject:
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cannr, I started writing my post before eleroo's came through, so I didn't know at the time that pdls in sfleet's state are prohibited. Too slow, as usual.....!!
Wish they were illegal in my state!!!
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Tiffany99
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Joined: 15 Jun 2006
Posts: 1064
Debtcc Points: 19133
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Posted: Fri Oct 05, 2007 12:43 pm Subject: reply
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tiffany, I do that all the time! I'll post and someone else beat me & it looks as though I just typed all the same thing in that someone else already said! LOL! Talk about looking stupid! So, I can totally relate!
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cannr
Moderator
Joined: 07 Jun 2007
Posts: 9374
Debtcc Points: 124815
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Posted: Wed Dec 19, 2007 6:55 pm Subject: Maryland
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Hi, I'm also from Maryland and suffering from the pdl crisis. I have had a few in the past and two current ones pending. I would appreciate some insight on how i should go about becoming free of this mess im into
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pduble
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Debtcc Points: 100
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Posted: Wed Dec 19, 2007 7:04 pm Subject:
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all of my loans were from internet companies by the way..
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pickett009
Joined: 19 Dec 2007
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Posted: Wed Dec 19, 2007 7:04 pm Subject:
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oh im also pduble, i went and registered..
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pickett009
Joined: 19 Dec 2007
Posts: 2
Debtcc Points: 25
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Posted: Wed Dec 19, 2007 7:29 pm Subject:
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pickett, please list who your loans are with, how much you borrowed from each and the total of how much you have paid back to each. Also, when you post this information, you may want to start your own thread, it will be easier for the members and you to find you again. IF you do start a new thread be sure to list your state so the members know which laws to refer to.
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how hard you hit, it matters
how hard you get hit
and keep moving forward.
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RoxyNY
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Posts: 4093
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Posted: Thu Dec 20, 2007 7:58 am Subject:
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she lives in md and they are prohibited! thats great for you!
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jaydanielle1
Joined: 24 Oct 2007
Posts: 553
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Posted: Mon Jan 28, 2008 10:20 am Subject:
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my internet payday loans are 1.big ltd. 2. aip 3.cashnet 4impact cash 5. world wide cash 6.northway credit 7.arrowhead 8.v c funding : are any of these companies legal in maryland;thanks also,where in md. do i file complainst in md. to clear myself and straighten out these ridiculous debts:
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Posted: Mon Jan 28, 2008 10:23 am Subject:
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paydayloan yes is it legal in md
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Guest
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Posted: Mon Jan 28, 2008 10:25 am Subject:
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please let us know how much you have borrowed from each, how much you have repaid to each, are they internet or store front. Here are the laws for your state.
PDLs are not legal
| Quote: | Maryland State Information
Legal Status: Prohibited
Citation:
Consumer loan act applies. Md. Code Ann. Com. Law II § 12-301 et seq.
Small Loan Rate Cap
2.75% per month; 33% per year.
Where to Complain, Get Information:
Regulator: Maryland Commissioner of Financial Regulation
Address: 500 North Calvert Street Suite 402 Baltimore MD 21202
Phone: (410) 230-6100
Fax: (410) 333-3866
Regulatory Contact: Michael Jackson Director, Regulatory Policy
http://www.dllr.state.md.us/finance/ |
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kashzan
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Joined: 11 Jul 2007
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