Ethical Question
Date: Thu, 03/08/2007 - 13:28
Lets say you took out a pdl for say $300, and after a period of time had paid back say $1500. You then decide that you'e paid too much, but the lender still wants you to pay more.
You write them a letter saying they've over charged you and demand a refund, even though you've been advised that you are not entitled to a refund, since your state law allows this company to do what they did and charge what they want.
For some reason, the pdl decides to give you a refund, probably just to get you off their back.
Is this right? Should people be doing this? I understand that you may be able to get a refund, but if the pdl isn't breaking a law, is it right of you to accuse them of such?
We all want these companies to follow the laws, but if we aren't following them ourselves, is that person any better then they are? I know it sucks to have paid so much, and I wish all the states has laws protecting consumers from this, but if the state doesn't, then is the consumer then ripping the company off?
Also, I am dealing with one IPDL now that I have been battling f
Also, I am dealing with one IPDL now that I have been battling for over a year. I have over paid them by a couple of thousand but I'm not asking for the full amount back. I'm asking for a partial amount back. In December, they turned me over to an affiliate of Bass & Associates. This wasn't too long after I filed a second round of complaints against them. The IPDL sent me a PIF letter last week but I'm not going to drop it. I am still going to seek the refund because it's a matter of principle to me. I sure as heck am going to tell them that I do not believe the matter to be settled and a PIF is unsatisfactory. It's a matter of principle to me and I do have the law on my side :-)
Mishele - You are totally right because you do have the law on y
Mishele - You are totally right because you do have the law on your side . . . . It's not just a matter or principle, it's also a matter of law.
Part of the problem with bad advice is that it's usually more what the person wants to hear then the good advice. If someone is told "Go demand a refund" from one person, then told "Your state allows pdl's to operate as long as they have a license in any state, and can charge you legally 999% interest, so you legally aren't entitled to a refund" from another person, most of the time they will follow the advice of the person that is saying what benefits them most. There have been several times I've corrected information in a post and it's been completly ignored, even when I'm posting where I got this info, who to contact to confirm the info, and so on.
I understand that most people that come here with pdl problems are in way over their head and want a quick fix. But the only quick about pdl's is getting them. It can take months if not years to clean up the mess.
I don't know where you are seeing these posts. When I came here
I don't know where you are seeing these posts. When I came here, I just wanted to get out of the damn cycle of payday loans. I had been it for over two years. I'm still living with the debt consequences today. I see people trying to share what they went through and give advice that way. Did I want a quick fix? Sure but I struggled for months to get out of the payday loan mess. I'm not sure about people having to be trapped for years after they come to the board. Yes, I did and do have the law on my side but I will continue to tell people to stand up for themselves.