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REFUND from PDL co.

Date: Wed, 09/27/2006 - 09:17

Submitted by ccastro
on Wed, 09/27/2006 - 09:17

Posts: 38 Credits: [Donate]

Total Replies: 14


i just checked my account today and there was a deposit of $250.00.. they did send the refund that was owed to me.. BUT just a minute ago i received an email that they are going to ACH a payment from my account.. so i emailed them back and told them to take me off their list bec. my account has been paid in full..


Can anyone please tell me where to look up the California state laws regarding paydayloans??? I've had a loan with SJM Marketing or Platinum B Services once in early Jan 2006. They've been taken money out from my account since then until now September. I would like to get a refund from them. I think i've been paying over $1200. This is ridiculous. Thanks guys.


lrhall41

Submitted by sammi613 on Wed, 09/27/2006 - 11:20

( Posts: 44 | Credits: )


Here is the state law in California.

Quote:

California State Information

Legal Status: Legal

Citation:
Cal. Fin. Code ???????? 23000 to 23106

Loan Terms:
Maximum Loan Amount: $300
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: 15% of check
Finance Charge for 14-day $100 loan: $17.65
apr for 14-day $100 loan: 459%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot charge fee for extension)
Cooling-off Period: None
Repayment Plan: Voluntary (no fees may be charged in conjunction with payment plan)

Collection Limits:
Collection Fees: $15 NSF fee
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: California Department of Corporations
Address: Financial Services Division, 1515 K Street, Suite 200 Sacramento, CA 95814
Phone: (866) 275-2677
http://www.corp.ca.gov/


lrhall41

Submitted by keystrokes on Wed, 09/27/2006 - 11:34

( Posts: 495 | Credits: )


ccastro, I agree I dont trust PDL people. They are vultures. Close that account and get a new one and dont give anybody access to the new one. Good Luck KYSIDE38


lrhall41

Submitted by KYSIDE38 on Wed, 09/27/2006 - 21:24

( Posts: 2477 | Credits: )


i have received an email from them and they said that it had been generated before our agreement that they will mark my acct PIF. they also stated that they have corrected it already and that i will not hear from them again. I am already planning of closing my account, i just can't do it right now bec. of some transactions going through my acct.


lrhall41

Submitted by ccastro on Thu, 09/28/2006 - 09:50

( Posts: 38 | Credits: )