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Payday Yes denying doing business in my state

Date: Thu, 12/21/2006 - 06:28

Submitted by anonymous
on Thu, 12/21/2006 - 06:28

Posts: 202330 Credits: [Donate]

Total Replies: 5


I have a loan with Payday Yes and they are now denying that they do/did business in PA, even though that is where I live. I sent them a letter stating that I have more than paid off the original $500 loan and requested that they mark the account "paid in full" and then reimburse me the extra $540 that I have paid. They agreed to mark the loan paid in full but refuse to reimburse me.

Any suggestions on what to do from here.


Send the payday loan company the laws of having to be licensed in your state. Call your regulator and file a complaint. Them saying they dont have to be licensed in your state is simply a lye.


lrhall41

Submitted by aaronmedres on Thu, 12/21/2006 - 08:37

( Posts: 59 | Credits: )


Be aware that the laws in PA are not the same like other states. Here the loan company is not needed to be licensed in your state. PA doesn't allow payday loans. If they are licensed in their state, then they are legal in your state also. So, they are allowed to charge interests and fees applied in their state.

Read this

http://www.debtconsolidationcare.com/settlement/about15484.html


lrhall41

Submitted by Flying Cats on Thu, 12/21/2006 - 12:07

( Posts: 479 | Credits: )