 Posted: Wed Sep 03, 2008 10:08 pm Subject: |
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If you have paid these pdls then it is better to close your bank account. But before closing it you should read this.
Let me give you the legal aspects of pdls in Iowa. Please check it: -
| Quote: | Loan Terms:
Maximum Loan Amount: $500
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: $15: $0-$100; $10 per $100 thereafter
Finance Charge for 14-day $100 loan: $16.67
apr for 14-day $100 loan: 433%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: Two
Rollovers Permitted: None (cannot repay, refinance or consolidate)
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: One $15 NSF fee (exclusive remedy)
Criminal Action: Not Specified |
In case you want to lodge complaint against any of these Pdls then you can do the same to: -
| Quote: | Regulator: Iowa Division of Banking
Address: 200 East Grand Avenue, Suite 300 Des Moines IA 50309
Phone: (515) 281-4014
Fax: (515) 281-4862
Regulatory Contact: Rodney Reed,, Finance Bureau Chief |
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phoenix
Joined: 14 May 2008
Posts: 867
Debtcc Points: 5618
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