PDL Hell! Help

First question is what state are you in? Also who are your loans with? There are many people here that can point you in the right directions and help you achieve your goals. You are not alone in this at all. By reading the posts here, and listening to what people have to say, you will be able to arm yourself with the knowledge on how to deal with these people. Be strong and and know that there is a lot of help here for you.

i live in tennessee

sorry i was not sighned in

Who are your loans with?
How much have you borrowed from each?
How much have you repaid to each?

http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

Morningstar, you beat me to it. LOL

Prettygurl ~ If you provide the additional information, there are a lot of people here that can help you with your problem. It helps to have a little more information and do not be afraid to ask questions.

i have to find my notebook,do you guys know about the mte finacial thing i have three with them, ihave also been paying 400 a month on a loan that is only 500 dollars

Ameriloan-bal-445 i was paying 105 every to weeks

Net cash 120 every two weeeks bal 520
PapercheckPayday 200 every two weeks bal 585
USGQ this is one that just appeared in my acct 90 every two weeks and my balance was still 390
Mte Finacial had been closed or so i thought then they took 120 right before i had to close my acct

Make sure you file complaints against each company with your Department of Financial Institutions. I'm guessing you should be done paying most/all of these. A $500 loan shouldn't cost you more than about $620 in total. A $445 loan shouldn't cost more than $560.

so do you think that i should call them and tell them, no one has called me or my job or anything is that weird or do you think that it is just to soon

when that says criminal action prohibited does that include store fronts because they go to court around here all the time

i just got an email from ameriloan
ANNUAL PERCENTAGE RATE 730.00 % The cost of your credit as a yearly rate. (e) Payment Schedule
You must make one payment of $455.00 on 3/15/07 if you choose to pay off your loan rather than renew.

Security Interest. The loan is unsecured.

Loan Fee/Prepayment: The Renewal Charge consists solely of a Loan Fee that is earned in full at the time the loan is funded. Although you may pay in advance all or part of what you owe without penalty, you will not receive a refund or credit of any part or all of the Finance Charge. (e) The Annual Percentage Rate is estimated based on the anticipated date the loan proceeds will be deposited to your Account.

RENEWAL CHARGE $105.00
The dollar amount the credit will cost you.

Amount Financed $350.00
The amount of credit provided to

you or on your behalf.

Total of Payments $455.00
The amount you will have paid if you select to renew

your loan and make the payment as scheduled.


The Account: You have debit account on file at

"when that says criminal action prohibited does that include store fronts because they go to court around here all the time"


If a debt is legitimate (and sometimes even when it isn't), the creditor/collection agency to whom it is owed can file a lawsuit in civil court to obtain a judgement on the amount (plus attorney fees, interest, court costs).

I don't know much about storefronts. They may be backed by a bona fide bank, and as such, subject to different laws. If your ameriloan was an iPDL, then those terms sound very bogus.

Additionally, if fraud actually occured, then the storefront can file criminal charges. A bad debt, in and of itself does not constitute fraud.

oh i was just wondering about that ipdl are my problem did you soo that email they sent me i have already paid them 420, 105 every other week for two months, they can only charge me 30 right, co i have paid 300 on a loan of 350

15% or $30 (whichever is less) + $17.65 per $100 borrowed. By my calculations, your $350 loan should then cost you not more than $440.

how is it when you fill out a form to get a payday loan and get denied you still have to pay it back?first they turned me down then they started trying to take more out than I had in.now I'm in the red from overdraft fees and thir still trying to take money out.what next? :twisted: :x :!:

Welcome to the forum. If you can give us more info as to what pdl this is and what ste you live in it would be helpful. Go immediately to your bank and dispute the charges. You may have to close the account, but check with your bank first and see if they will help you and what their policy is on ACH.