good evening friends, i am here because i to unfortunatly fell victim to two pdl's CROWN LENDING and UNITED CASH LOANS. Each loan is in the amount of 200.00 each. i have so far paid 60.00 each. thursday will be 120.00 each. i live in pennsylvania. i could really use some help, because i know that i signed up for united cash loans, but i was in the process of speaking with someone at crown lending when we were disconected. They were holding for bank verification, when i was cut off. i never fully completed any authorization. is this legal? the money was deposited in my account. i do not have a website for CROWN LENDING nore a email conformation. (the only paper work i have states my annual % rate is 842.31% finance charge is $60.00 amount financed is 200.00) Also i have noticed that my account number is correct but my banking institution is wrong.i have no actuall loan document i know i should not have used a pdl but at the time i was against a wall. the only thing from CROWN LENDING i have is on my bank statement which is 1 866 556 9434. and as for the fast cash i recieved a letter of pay ment three days after the first "paydown" amount was taken from my account. how can i find out if either of these so called loan companies are legal. not to mention i check my email every day and i have atleast 30 emails for advances. no matter how many i take my name off of they double in number. i thank god for people like you looking out for those of us who in week moments look for the easy way out. i thank you gratly for your time and beg for any assistance you can offer. Jason

Jason, Welcome to the site. We will be more than happy to help you out with this...so far I see

You are in PA, you have two pdls

Crown Lending - borrowed 200 - paid 60
United Cash Loans - borrowed 200 - paid 60.

I will post the laws for PA.

__________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.

You will find the Payday loan laws for Pennsylvania here (just select your state),
http://www.debtconsolidationcare.com...pdls-laws.html

Internet lenders can lend in PA as long as they are licensed in another state and they have to follow the laws of that state.

__________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.

Pa is the loophole state. If a pdl is licensed anywhere it is legal in PA

Here are the addresses for your pdls.

Crown Lending
909 NE Loop 410 # 311
San Antonio, TX 78209
210-828-3384

United Cash Loans
3531 P Street NW
Miami, OK 74355
Telephone:800-230-9480

__________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.

I know United Cash Loans will not be licensed anywhere. However, I am not sure of Crown Lending.

I am checking....the Texas address makes me want to be sure.

__________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.

I found this while searching the site another member posted this in August....



Is there more than one Crown Lending?

__________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.

aka CCMI????

Both Crown and United are not licensed in any State. You are only obligated to pay the principal. Which is $200 per company. There is only one Crown Lending, with a drop box mail location in TX. These guys take foreign addresses to evade the law.

Thanks Johnson for the info....

__________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.

Does anyone know how these illegal/unregulated internet lenders fund these loans? Do they partner with the national or state banks through ACH system. Would the bank then fund the loan and the lender/pdl loan company collect on it (and the bank stays out of the transaction)?? Make you wonder, where are they getting the money from. Can anyone shed light on this mystery, or correct me if I'm wrong.

Insight, very thought provoking...

__________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.

I am sorry for having to ask all of you for this much help but i want to make sure i complete everything perfectly to finally stop these illegal deductions and so i may be able to have a holiday with out the worry of a check bouncing due to these thevies. could some on eplease help me with the proper steps and stop letters i need to get this ball truly rolling i am in the process off closing my bank account. but there is where im stuck

keys, first step is CLOSE THAT ACCOUNT. Do not send the pdls any letter until this account is to the point (however you have to do it) to where they can no longer access it. I'm going to post something by goudah for you to read regarding closing your bank account, okay? Read this and post any questions. You need to get the bank straightened out FIRST. Then we do have letters that we can send you that you can mail to your pdls (both of which will be considered unlicensed/illegal). And do not worry about asking questions. We will help you the entire way. Here is the information regarding closing bank accounts. Please post any questions. Once we get the bank account straightened out, we're going to send letters to your illegal plds.