Internet's first get-out-of-debt community - 136,000 members

Posted: Fri Jan 05, 2007 1:48 pm Subject: PDL Help in PA

When you tell someone to look at the laws pertaining to the state, do you mean the state the PDL company is in or the state I reside in, PA.

Posted: Fri Jan 05, 2007 1:50 pm Subject:

It means the state that you reside in which is PA. They are prohibited in PA, but if they are licensed in the state which they are located, they can issue you a pdl loan, however, they are still bound by PA's interest laws.

Posted: Fri Jan 05, 2007 1:51 pm Subject:

Contrary to what PDL companies want you to believe, they have to follow the lending laws in your state. If you live in PA, then they must follow the laws in PA.

Guest · Posted: Fri Jan 05, 2007 2:23 pm Subject:

I am in trouble with a couple of these companies and I cannot afford to keep paying on them, that is where all of our money is going. i don't even know where to start.

Posted: Fri Jan 05, 2007 2:29 pm Subject:

Are these all internet pdls? They would have to be if you live in PA since they prohibit them. First you need to open a new account and close the old one to gain control back of your finances. You also need to file complaints against each of the pdls with your state's AG office and the department which regulates these types of companies. You should also send them a settlement letter demanding they mark your account paid in full if you have already paid back the principal and interest in all of those roll over fees.

Posted: Fri Jan 05, 2007 2:30 pm Subject:

Who do you have the loans with? Check the total payments you have done on your pdls. Then, check with the laws to know the status and move from there. Do a little homework and you will have better idea on how to deal with the lenders. First, confirm the total payments done till now.

Guest · Posted: Fri Jan 05, 2007 2:55 pm Subject:

Thanks for all of your help, but where do I go to find out this information? As an example, I have had one with PayDayOK for over a year for $500.00, I paid atleast $1600.00 on that so far and my balance is still $500.00.

Posted: Fri Jan 05, 2007 3:53 pm Subject:

I live in PA too and have loans with payday ok, payday select and americash advance. After reading these forums I decided to take some action today. I have $500. loans with each of them. I contacted all 3 and explained how I'm paying astronimical fees and interests when in PA pdls are illegal, etc. I told all 3 that I am willing to pay my loan but not all of the high interest and fees. I have rolled over americash advance loan 3 times. I did all of this by email and said I would be following up via certified letter and sending a copy to the attorney general. Whe I got home and checked my emails, americash advance replied and said that since I was a long time customer, and they believe in helping and supporting their customers, they were deducting $400. from my balance and would only have me pay $200. more so they could get their principle back!!!! Hallelujah! Praise the Lord! So, I'm only paying $500. to them because they know what they are doing is wrong. I haven't heard from the paydays yet but I'm expecting a favorable reply from them too.
I just discovered this site late last night and I slept like a baby because I knew I had found relief. I have learned my lesson and will never use a pdl again. I serve a God who is a God of another chance! Ask and it shall be given....seek and ye shall find....knock and the door will be open! You have not because you ask not! God's word is alive and true! Don't be afraid. Take your life back and shake the duct off of your feet and live victoriously! YOU CAN DO IT!!!!

Posted: Fri Jan 05, 2007 3:55 pm Subject:

Congratulations! Very Happy

Just stick to your guns if they want to go back and forth. Stand your ground and you will come out on top! You will soon be pdl free. Very Happy

Posted: Fri Jan 05, 2007 4:03 pm Subject:

Good job Mop352 Very Happy

Guest · Posted: Fri Jan 05, 2007 7:12 pm Subject:

To mop352, did you contactthem by phone, email, fax? and do you have a copy of what you told them. I have loans with Payday Ok and Payday Select for $500.00 each and I have been paying on one for at least 11months and the other 8 months. I have paid back my principal over and over.

Posted: Mon Jan 08, 2007 10:33 am Subject:

****UPDATE!!!****
I sent all 3 pdl companies emails. Americash advance is the only one that has responded so far and as of today, they have wiped my entire balance clean. They first offered to wipe $400 off and have me pay $200, but I emailed them back and listed how much I had paid from day one, and let them know that the loan was more than paid off. Aaron from ACA called me and talked to me and took care of everything. Payday Ok and Payday Select I have not heard from yet. They sent me the auto reply email and said they'd respond within 24 hours M-F, but I haven't hear anything yet. I even called Payday Ok and talked to someone who was not helpful and was very unprofessional. So, my next step is to send them a certified letter telling them I have withdrawn authorization of any ACH withdrawals on my account. I have already gone to my bank and gotten the form to complete which authorizes the bank to stop Payday Ok and Payday Select from doing any more ACH withdrawals. This is a free service because it is an ACH and not a stop-payment and there is a 3 day wait. So, I have to get back to the bank today in order for them not to be able to do another ACH on Friday. It's a time consuming process, but it is worth it!!!!

Posted: Tue Jan 09, 2007 3:30 am Subject:

I have just gotten replies from both Payday Ok and Payday Select:

Posted: Tue Jan 09, 2007 4:01 am Subject:

That is great mop352, stand your ground and get those complaints in! Very Happy

You are doing a great job!

Guest · Posted: Tue Jan 09, 2007 7:47 am Subject:

I have loans with payday ok and payday select as well. I sent them a letter and a fax, I haven't heard anything. What did you say in your letter? I used the template letter provided on this site. I live in Pa. I borrowed $500.00 from both and so far I have paid $1614.43 to Payday Ok and $1322.67 to Payday select. I think I have paid more than enough. I also sent a letter to One Click Cash and they told me that I gave no scomplaint in my letter and that al I did was cut and paste a form letter used on the internet and that they would not recognize it or any further attempt I make. Has anyone else dealt with them?

Guest · Posted: Tue Jan 09, 2007 8:27 am Subject:

I read this on one of the contarcts I have with ameriloan. Is this true? "Governing Law: By obtaining this loan and or renewal of this loan thereafter, both parties agree that this Note and your account shall be governed by all applicable federal laws and all laws of the jurisdiction in which the Lender is located, regardless of which state you may reside, and you consent to the exclusive exercise of regulatory and adjudicatory authority by the jurisdiction in which the Lender is located over all matters related to this Note and your account, forsaking any other jurisdiction which either party may claim by virtue of residency." By signing this did I legally forgo my rights of the Pa laws?

*Name:
*Email:
*Phone:
*Zip:
*Debt

	* denotes required field

Internet's first get-out-of-debt community - 136,000 members

PDL Help in PA

Members Area

Free Debt Counseling

Ask the community

Also See

Featured Discussions

Featured Articles

Recent Forum Discussions

Recent Blog Post