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 Posted: Wed May 14, 2008 12:57 pm Subject: HOW DO I STOP THE PAY DAY NIGHTMARE
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I live in Salisbury MD, AND HAVE 7 payday loans.
UNITED CASH
TOTAL LENDING
AIP
UCFINANCIAL
NAT'L MONEY STORE
EASTSIDE LENDERS
500 FAST CASH
HELP,i get paid every 2 weeks and have not had a dime out of my pay since Feb 2008, when i got tied up in this mess.I am overdrawn by 488.00, right now and get pd on thurs 5.14.08...i do not know what to do
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sjh7655
Joined: 14 May 2008
Posts: 6
Debtcc Points: 124
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Posted: Wed May 14, 2008 1:00 pm Subject:
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I will post the state laws for you. In MD these loans are illegal, so you are only obligated to repay exactly the amount that you borrowed. Please list how much you borrowed from each lender and the amounts that you have paid back to each .You will not be able to close your account because it is over drawn but you need to put a hard debit block on it asap so no more money can come out.
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
Regulator’s Website
Complaint Form
Complaint Instructions
Online Resources:
Consumer Credit - Publications
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kashzan
Debt Samaritan
Joined: 11 Jul 2007
Posts: 5463
Debtcc Points: 38905
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Posted: Wed May 14, 2008 1:01 pm Subject:
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There are two companys that specialize with PDL help. They are Langehorn debt solutions and PDL Assistance.
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mobile0311
Joined: 05 May 2008
Posts: 1200
Debtcc Points: 6399
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Posted: Wed May 14, 2008 1:03 pm Subject:
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If the loans are illegal in his state it will be easier and cheaper to do it by himself.
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kashzan
Debt Samaritan
Joined: 11 Jul 2007
Posts: 5463
Debtcc Points: 38905
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Posted: Wed May 14, 2008 1:22 pm Subject:
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kashzan is correct. If you want to do it your self there is tons of helpful info on the Pay day loan forum. If you don't want to bother with the work thats involved doing it yourself than hiring either of these two company's are always an option.
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mobile0311
Joined: 05 May 2008
Posts: 1200
Debtcc Points: 6399
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Posted: Wed May 14, 2008 1:30 pm Subject: STOP THE PAY DAY NIGHTMARE
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UNITED CASH 200.00
TOTAL LENDING 300.00
AIP 200.00
UCFINANCIAL 300.00
NAT'L MONEY STORE 200.00
EASTSIDE LENDERS 300.00
500 FAST CASH-390.00
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sjh7655
Joined: 14 May 2008
Posts: 6
Debtcc Points: 124
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Posted: Wed May 14, 2008 1:30 pm Subject: STOP THE PAY DAY NIGHTMARE
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UNITED CASH 200.00
TOTAL LENDING 300.00
AIP 200.00
UCFINANCIAL 300.00
NAT'L MONEY STORE 200.00
EASTSIDE LENDERS 300.00
500 FAST CASH-390.00
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sjh7655
Joined: 14 May 2008
Posts: 6
Debtcc Points: 124
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Posted: Wed May 14, 2008 1:34 pm Subject:
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How much have you already paid back.
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kashzan
Debt Samaritan
Joined: 11 Jul 2007
Posts: 5463
Debtcc Points: 38905
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Posted: Wed May 14, 2008 7:57 pm Subject:
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IS PDL Assistance new or is that T &C?
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lmale
Joined: 28 Mar 2008
Posts: 477
Debtcc Points: 3660
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Posted: Wed May 14, 2008 9:08 pm Subject:
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PDL Assitance is relatively new. They have been in bussiness for about 6-8 months.
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mobile0311
Joined: 05 May 2008
Posts: 1200
Debtcc Points: 6399
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Posted: Thu May 15, 2008 4:25 am Subject:
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If these loans are illegal in your state and for the most part uncollectable , why would you even think of using a consolidation company. You can do this on your own and save a lot of money. These people have lent to you illegally.
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kashzan
Debt Samaritan
Joined: 11 Jul 2007
Posts: 5463
Debtcc Points: 38905
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Shazzers
Moderator
Joined: 05 Dec 2007
Posts: 4389
Debtcc Points: 27833
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Posted: Thu May 15, 2008 9:57 am Subject:
Latest Blog Post : Hello, thanks for taking a look at my blog :) |
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I live in NJ, where they are also prohibited and I'm find it's not so bad. I have two left and only one is giving me trouble (and it's nothing I can't handle!) 
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bea2ls
Joined: 27 Mar 2008
Posts: 642
Debtcc Points: 5237
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Posted: Fri Jun 13, 2008 10:47 am Subject: New York State
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What are the laws in NYS?
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kgabel
Guest
Debtcc Points: 100
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Posted: Fri Jun 13, 2008 3:05 pm Subject:
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Prohibited. I had 5 when I came here in February. I am totally PDL free since beginning of May. Close your bank account. Get the C and D letter and send it out to the PDLs. I could copy over what I sent if you would like. Then file complaints with the AG, BBB and FTC and then contact their processors. Then let the PDL you have done all this. You should be PDL in no time at all, especially if you have already overpaid. Remember they are ILLEGAL in NYS. That is on your side.
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llw1995
Joined: 02 Feb 2008
Posts: 1428
Debtcc Points: 13705
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Posted: Wed Sep 03, 2008 4:57 pm Subject: loans in MD - what is a hard debit block
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I just signed up with PDL, but still feel sick to my stomach about this whole mess.
I see you recommended a hard debit block?
I have paid 5 of my loans in full by adding up the interest I pay each month! Help.
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tmaree
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Debtcc Points: 100
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