"I would think that if it could be proved that you purposly turned a blind eye towards the collection tactics that people contracted by you used on people that you could still be held responsible."

We do have agents that monitor the other callers but it isn't me. The monitors have been collectors for years and know when the rep is going too far and when to stop pushing the borrower. They usually have the most experience dealing with these types of customers and are one of the most important members of the team. A monitor is pretty much a teacher for the rep and when a customer asks to speak with a supervisor, a monitor is who you are speaking with. They know the how to get around the types of questions that most people would ask.

"Ok, here's a touchy one..

I'm sure you understand that you must follow the lending laws. If you gave me a $200 loan here in Michigan and charged me $60 every two weeks and I paid on it for 6 months before finally defaulting, do you acknowledge that this loan should be considered paid in full?"

Not touchy. Thats an easy one. I would definitley considered it paid in full, yes. That is a lot of money to make off a $200 loan. Like I said earlier, my goal is to have repeat customers and to be honest, someone that pays $200 without defaulting for six months is a dream customer for me to have.

I think that's a HELL of a lot of money for a $200 loan. A year and a half ago, I had two loans that I paid over $2000 on, and they were only for $200. I had a lot of difficulty getting those two companies to see it my way.

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26.2
Detroit Marathon, October 2009

"I think that's a HELL of a lot of money for a $200 loan. A year and a half ago, I had two loans that I paid over $2000 on, and they were only for $200. I had a lot of difficulty getting those two companies to see it my way"

Wow, thats a lot of moneyto overpay. If you ever need a loan just let me know

I'm going to leave that one alone . . . .

LMAO!! No offense, but I learned my lesson a long time ago! I had 6 loans. It could've been a really bad situation, but I came out of it unscarred, and learned a very valuable lesson about money management.

Your website says that payday loans aren't for everyone, they definitely aren't for me!!

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26.2
Detroit Marathon, October 2009

I agree with who ever said the best PDL is NO PDL! I learned my lesson too.

I work for a company that deals with subcontractors and have to say if the subcontractors we hire screw up, it falls back on us because we are the ones that hired them. The way I see it, if your "collectors" went too far, it still is your problem because you are the one that hired the subcontractor. I don't give a poop whether they work on commission or not, the collectors have not right to treat people like crap! If your agent is like a "teacher" then they are teaching them wrong.

You said according to your lawyer, you are operating legally, yet according to many attorney general offices, companies like yours are not legal in all states. I am in NC and pdls are prohibited and according to my AG's office, I should not have been loaned to at all.

You may think that you are doing a service to people, but in reality you are not. I feel companies like yours prey on people who get in desperate situations and just charge outragous fees and don't give a damn about the customer. All that is cared about is the all mighty dollar.

Don't mean to rant, but this is how I feel.

I guess its my turn. I consider all pdl's worthless and extremely harsh on the debtor. The fact that you acknowledge that collector's are not following fdcpa is speaking very badly for your firm. I leaving this stinkin thread now!

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Cajunbulldog
Keeping an eye out for consumers.
http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm#809
http://www.ftc.gov/os/statutes/fcrajump.shtm
http://www.debtconsolidationcare.com.../about216.html
Use this letter to protect your rights under the FDCPA
myfairdebt.com & myfaircredit.com-Good source of case law in forums.

2nband, I agree wholeheartedly with you about PDLS.

On PDLme's website there is a very big disclaimer that impressed me. It actually said what states pdls are not allowed in. It also says that Pdls are not for everyone.

You are absolutely right..PDLS are not a service to anyone. I personally don't see how they can be used responsibly, the interest is always disgustingly high, and collectors for most of these companies are downright evil.

I am enjoying this discussion with PDLme very much, though..He or she is being very candid. I have been here over a year and have seen many PDL reps on this board, always nasty and aggressive. It's really fascinating to have a civil discussion for once.

I am hoping that anyone who may consider a loan with any PDL company will find this thread and read it thouroughly..Because it definitely spells things out.

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26.2
Detroit Marathon, October 2009

I do appreciate PDLme answering to the posts. It is interesting to hear what he/she has to say, but I just don't agree with that business. Grant it, I had to learn the hard way and of course, still dealing with a couple and even had to respond back to the BBB against Midland Marketing, but I am not going to lwt them get to me, not any more!

Exactly, dealing with it the hard way is what keeps us from going back for more!

We are all educated and can't be fooled. It's great to hear what they're thinking, though!

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26.2
Detroit Marathon, October 2009

And believe me, I have been discouraging any one and everyone from using them and have been preaching at my son too. He will be adventuring out on his own soon and am trying to make him aware of all these types of thing!

"What is the best PDL out there?"

Based upon your answers, it would not be yours.

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The only people with whom you should try to get even are those who have helped you.
-John E. Southard

Finsfan - Did you notice that nowhere in the list of states they can't lend in was NC?
In Colorado and Kansas pdl's are legal . . . .

Good call Goudah..I didn't notice that. Plus, I didn't know that PDLS are legal in Colorado and Kansas..The only thing I was sure of was that they are not legal in Georgia.

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26.2
Detroit Marathon, October 2009

They are also illegal in NY and a few other Northeastern states I can't remember off the top of my head.