Internet PDL How Can I pay in Full

Hi Nick - welcome to the forums!

If you can, please post what state you are in, how much you borrowed from these companies, and how much you have paid so far on each one. One of us will be much better able to help you with that info.

I am in New Mexico.

To date I have only paid the 1st installment or what I guess they call the intrest payment while not actually making any payment towards the loan.

UnitedCashLoans. Loan Amount 200.00 payment made 60.00

CashNetUSA. Loan Amount 200.00 payment made 2 of 60.00

ameriloan. Loan Amount 250.00 payment made 2 of 60.00

Ok so after looking back on my bank account I see I have made 2 payments of intrest to 2 of the companies.

Thanks,Nick

United Cash loans is a DBA name of Rio Resources. There are so many topics on this company explaining about their illegal activities.

From what I heard, CashNetUsa is licensed in most states. They may sound hard in accepting proposals from you, but stick to the plan. You will be through.

Do a search on the companies here. You will get more information and their contact info.

Nick -

Thanks for posting the info on your loans. From a moral standpoint, many of us would say you need to pay back the principal amount you borrowed, plus the interest allowed by your state. However, in looking over the law on payday loans in New Mexico, it appears there is no limit on the interest rate! Apparently New Mexico's payday lending law is as consumer-unfriendly as Utah's!

Here's the law in New Mexico (just select your state),

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

My recommendation would be to go to the website for the Consumer Industry Manager (http://www.rld.state.nm.us/FID/index.html)for New Mexico and search the Licensee Database (there's a link on the left hand side of that page) to see if these lenders are even licensed to lend into your state.

Nick I would send complaints in to the Attorney Generals office there. I have been told they are considering a ban on payday loans there. So the more complaints the better. United and ameriloan are not licensed to do business anywhere they used to be in NM but ran to Oklahama the last I heard. They are one of the worst companies I have found to deal with. Best Wishes KYSIDE38

Nick,
I would deduct these payments you have made from your principal and send these companies the rest of the balances owed. You can find addresses on them in the forums. Good luck!

Thanks for the all the helpfull info everone.

Ok not that Im thinking of actually taking out another PDL but I have to know since there seems to be so much bashing and while Im sure its rightfull....lol I would like to know if there are any legit companies out there to work with that arent the devil :twisted: .

Nope but if you absolutely have to take one out...Go to a storefront...they at least are bound by law. All the internet ones are pretty much fraudulant!