| Message |
Author |
 Posted: Tue Sep 26, 2006 1:10 pm Subject: Payday loan hell! |
|
|
Hi all,
This is my first post to this site. I have about 10 PDLs outstanding. I closed my bank account since I could no longer afford bills while paying all of the interest. I live and work in PA. I have defaulted about a week ago, and haven't contacted my PDL's yet. I am looking for advice on what to do. How to contact them and what to say. Any help would be greatly appreciated. I'm so glad I found this site.
|
|
Neil_19152
Joined: 07 Sep 2006
Posts: 1
Debtcc Points: 82
|
|
|
| Posted: Tue Sep 26, 2006 1:17 pm Subject: |
|
|
Talk to your lenders. Tell them that you are interested in paying off your debts. You want to review your latest balance in writing.
|
|
keystrokes
Joined: 13 Jul 2006
Posts: 501
Debtcc Points: 7286
|
|
|
| Posted: Tue Sep 26, 2006 1:19 pm Subject: |
|
|
Neil..
PA frowns upon payday loans...
| Quote: | Pennsylvania State Information
Legal Status: Prohibited
Citation:
Check cashers are specifically prohibited from making payday loans under Check Cashing Licensing Act of 1998, § 505(a). Otherwise, consumer discount company act applies. 7 Pa. Cons. Stat. Ann. § 6201 et seq.
Small Loan Rate Cap
$9.50 per $100 per year discount or 24% per year
Where to Complain, Get Information:
Regulator: Pennsylvania Department of Banking
Address: Market Square Plaza, 17 N. Second Street Harrisburg, PA 17101
Phone: (717) 214-8343
Fax: (717) 787-8773
|
_________________
~A journey of a thousand miles begins with a cash advance~
|
|
erzeke1
Moderator
Joined: 26 Mar 2006
Posts: 1179
Debtcc Points: 16273
|
|
|
| Posted: Tue Sep 26, 2006 1:19 pm Subject: |
|
|
Payday loans is prohibited in PA
| Quote: | Legal Status: Prohibited
Citation:
Check cashers are specifically prohibited from making payday loans under Check Cashing Licensing Act of 1998, § 505(a). Otherwise, consumer discount company act applies. 7 Pa. Cons. Stat. Ann. § 6201 et seq.
Small Loan Rate Cap
$9.50 per $100 per year discount or 24% per year
Where to Complain, Get Information:
Regulator: Pennsylvania Department of Banking
Address: Market Square Plaza, 17 N. Second Street Harrisburg, PA 17101
Phone: (717) 214-8343
Fax: (717) 787-8773
http://www.banking.state.pa.us/banking/site/default.asp
|
You are liable to pay only the principal amount out of moral obligations.
|
|
keystrokes
Joined: 13 Jul 2006
Posts: 501
Debtcc Points: 7286
|
|
|
| Posted: Tue Sep 26, 2006 1:20 pm Subject: |
|
|
erzeke1, you are fast.. and you are everywhere 
Mike, can you delete my above post??
|
|
keystrokes
Joined: 13 Jul 2006
Posts: 501
Debtcc Points: 7286
|
|
|
| Posted: Tue Sep 26, 2006 1:25 pm Subject: |
|
|
keystrokes...I'm chillin on here today. I'm intrigued by all the new posts.lol!!
Got me a fast new Dell with a 1.8 Gigs of memory!! hee hee
_________________
~A journey of a thousand miles begins with a cash advance~
|
|
erzeke1
Moderator
Joined: 26 Mar 2006
Posts: 1179
Debtcc Points: 16273
|
|
|
| Posted: Tue Sep 26, 2006 1:26 pm Subject: |
|
|
keystrokes...keep that post...you're an asset to the forum!
_________________
~A journey of a thousand miles begins with a cash advance~
|
|
erzeke1
Moderator
Joined: 26 Mar 2006
Posts: 1179
Debtcc Points: 16273
|
|
|
| Posted: Tue Sep 26, 2006 1:28 pm Subject: |
|
|
Hey erz, congratulations, you went into the hall of fame section.. I just noticed your post count..
|
|
keystrokes
Joined: 13 Jul 2006
Posts: 501
Debtcc Points: 7286
|
|
|
| Posted: Tue Sep 26, 2006 1:34 pm Subject: |
|
|
Thanks so much. It went by so fast!
_________________
~A journey of a thousand miles begins with a cash advance~
|
|
erzeke1
Moderator
Joined: 26 Mar 2006
Posts: 1179
Debtcc Points: 16273
|
|
|
| Posted: Sun May 18, 2008 10:17 am Subject: |
|
|
is that the same for internet pdl or just store fronts>
|
|
mppsu2003
Joined: 29 Jan 2008
Posts: 77
Debtcc Points: 1319
|
|
|
