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 Posted: Sat Jan 06, 2007 12:28 pm |
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You're right. I'm looking at an article from the Deseret News about PDLs in Utah. Legislators favor PDLs because they believe that putting a cap on interest rates would affect larger financial institutions. There is no legislation regarding IDPLs at all. And sadly, according to this article, while there are stories about people suffering from PDLs, no victims are ready to step forward and tell their stories.
There are only two people in Utah who are actively pursuing this issue. One is a woman by the name of Linda Hilton, who is the coordinator of the Coalition of Religious Communities. Another is Don Hester, co-owner of debt free Consumer Counseling, a company that is highly rated with debt consolidation Care. I think the bottom line is that before we can get any sort of action going, it needs to come from the masses -- the victims of PDLs and the way to do that is to get the word out through advertising/and flyers.
Linda approached me at the time I was homeless to help her with her efforts with the Coalition of Religious Communities. I declined because I was already handling enough just to try to get back into the mainstream and bring security back into my family's life. Now that I'm beyond that point, I will contact Linda and see what I can do to help.
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DebtFairy
Debt Samaritan
Joined: 24 Dec 2006
Posts: 414
Debtcc Points: 5204
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| Posted: Sun Jan 07, 2007 10:35 am |
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seems Utah and Deleware are their favorite places and laws to quote
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ssgnewtonj
Joined: 31 Dec 2006
Posts: 72
Debtcc Points: 1904
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| Posted: Sun Jan 07, 2007 1:57 pm |
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Did a little checking: Little Loan Shoppe is a Canadian company. They are registered in Utah. here's their address and the name of the person you need to contact:
503 West 2600 South
Bountiful, Utah 84010
Registered Agent is Troy Wallin at the same address.
What I don't get is why Utah. Nevada, Delaware and Oregon are the states that most people like to incorporate in because those states have statutes protecting the principals of the company, making it harder to trace the responsible person/entity and protecting them from liability. Nevada must have enacted some statutes making it harder for PDLs in that state.
_________________
"There is only one success - to be able to spend your life in your own way." -- Christopher Morley
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DebtFairy
Debt Samaritan
Joined: 24 Dec 2006
Posts: 414
Debtcc Points: 5204
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