I received a threatening letter

Are they a storefront lender or an internet lender? If they are an internet lender they are full of crap. If they take you to court you have a rock solid defense, they broke state law and you have already overpaid. The thing is, they already know that. Internet pdl's are ridiculous with their phony threats. Don't believe anything they say.

They are an internet lender. I just hate for this to have to go as far as court. I wish they would be reasonable but they are an PDL and that word isn't in their vocabulary.

I doubt they will take you to court...they would be mighty humiliated when the court started questioning them.

Just remember that the internet pdl's are full of crap. They are constantly threatening action (lawsuits, arrest, etc.) that they have no intention or authority to actually carry out.

If what they are doing is illegal in your state, I doubt they will do anything. Keep all correspondence from them, and ones that you have sent..KAren

What payday loan company is this? I might be able to help you out more if I had the name of them. I'm familiar with a lot of them. I doubt they will take you to court either. This is a common scare tactic used by these places. Keep all correspondence from them as it might come into play in the future. Also, file a complaint with your State's Attorney General's Office and Division/Department of Financial Institutions regarding this matter. They usually calm down after a complaint is filed.

The company is payday online. I contacted the AG for Delaware who said that it was the Department of Banking I should deal with. I contacted them but haven't received any feedback or reply for help. I am going to put another call into them on Monday. I just don't want to sit on my heels and then get waylaid by a law suit.