Help with PDL

Relax! Think positive and have this feeling that you will be able to handle your payday loans. 50% of the work will be done when you have the positive thoughts. Tell the name of the companies you are dealing with and how much have you paid on each loan?

Don't feel stupid. There is a ton of information about pdl's on this site. You've come to the best place for help.

Can you post more information about your situation? Who have you borrowed from, how much, and how much have you paid so far?

I am in the same boat as you. I joined this forum last week and have gotten quick responses on my questions. You will get alot of support here. Coming here is the first step, but I read some of the testimonials and it looks like alot of people have been able to get out of the same boat you and I are in.

they arew

who borrowed amount left to pay
cashnetusa 750 300
lazer lending 300 150
arrowhead 300 150
united cash advace 300 150
Honest payday 500 400
northway credit 500 500
JHP 300 75
EZ loans 300 200
Check N Go installment loan 1500 1250
Cash in a Wink 300 250

Am I reading right that the check n go one is an installment loan? If so, it should be treated different then the ipdl's.

yes it is a installment loan

So that would be governed under different laws then the ipdl's.

Here are the laws regarding pdl's for MN:

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

They have very specific amounts that these places can charge. You need to go through your stuff and figure out exactly how much you legally owe on each loan. Then if you've paid more then you should, you need to write letters to the ipdl's stating what you legally owe according to MN laws, and request that your account be marked paid in full. I'm looking into the correct way to calculate this for MN, so if I find anything soon I will post that here also.

thanks a lot i already feel better

I got some response from the MN banking dept. Here's the emails:

So since MN doesn't have a long arm statute businesses can follow the laws of the state that they are located in.

so in other words i am still screwed at whatever they want to charge? thanks for the help, so how do i figure out the most they can charge

how do i work with the pdl company for negoiate with them

I would try calling them and being honest. Tell them you are in way over your head and cannot continue to pay like this. Ask them if you can set up some sort of payment plan, not at the interest rate they are currently charging. Some may work with you.

As far as calculating the interest allowed, it gets kind of confusing. First you would have to find out under what state license they are operating. That determines what laws they have to follow.

If they have a location in MN, then you would follow MN laws.

There is also a chance that some of your ipdl's aren't going to be licensed anywhere. That means that you would have a leg to stand on to fight them.

I'd also call your ag's office or banking dept. If you tell them your situation, they then may be able to help you deal with the companies.

ms
You have not listed what you have already paid back, how long have you had these and how much have you paid back so far.

Arrowhead was easier to deal with once I filed a complaint with my state attorney generals office. Actually, all of them were. Don't threaten to file a complaint unless you actually intend to do so. You have every right to file a complaint if you have paid an ungodly amount left to pay if you have already paid a significant amount. Goodluck.

I had a PDL witch is being tkaen out by "Lazer Lending". I need there Web Address or telephone number. Please Help!