I know I have paid more than enough
Date: Mon, 09/10/2007 - 07:03
Try this page here. It might help until someone more knowledgab
Try this page here. It might help until someone more knowledgable can help. I know they are illegal in my state of MD and you only have to pay back the principal on the loan. But here's the link to another page on our community.
http://www.debtconsolidationcare.com/statepaydayloanlaws.html
[You will find the Payday loan laws for Pennsylvania here (just
[You will find the Payday loan laws for Pennsylvania here (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html
These loans are all internet, right? PA has a loophole in their
These loans are all internet, right? PA has a loophole in their laws that allows ipdl's licensed in another state to lend legally to PA residents. See this email from the PA banking dept:
[quote]Emails to and from PA Banking Dept
Hello,
I have a question about payday loans in Pennsylvania. Does the small loan rate cap of $9.50 per $100 per year discount or 24% per year apply to these loans? I took out a few on the internet and am trying to figure out how much I legally need to pay. For instance on a $200 loan would I be legally responsible for paying back only $248?
Thanks!
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Dear Ms.:
The 9.5 discount and the 24 % simple interest refer to calculations that can be used by companies that are operating in Pennsylvania and are licensed under Pennsylvania????????s Consumer Discount Company Act. With a number of exceptions, a lender that is located inside of Pennsylvania and who does not have any special lending authority (i.e., a special license or charter) who is making smaller loans not secured by real estate can only charge interest at a rate of 6% simple.
A lender that does not have a physical presence in Pennsylvania but who has lending authority from some other state can generally charge the interest rate and finance charges allowed by that other state.
The Department may or may not be reviewing this policy and I would not count on this e-mail as an interpretive opinion before starting any lending or business operations.
James Keiser | Administrator Non-Depository Institutions
17 North Second Street, 13th Floor | Hbg PA 17101
Phone: 717.783.8242 | Fax: 717.787.8773
jkeiser(at)state.pa.us | www.banking.state.pa.us[/quote]
So you will need to check and see if any of the companies you are dealing with are licensed anywhere.
Can you list the company names you borrowed from? The amount of the loan? And how much you have paid back so far in fees?
Check cashing places are legal, but they cannot extend a payday
Check cashing places are legal, but they cannot extend a payday loan to you. Their license only allows to cash your paycheck or other check, but not give you an advance. Hope any of this helps.
Drillboy, there are several members from PA. It would be helpfu
Drillboy, there are several members from PA. It would be helpful if you list storefront or internet loans, the company names, how much you borrowed and how much you have paid back (total), This will help determine your next steps.
You would need to check on each companies licensing status . . .
You would need to check on each companies licensing status . . . . Odds are good that none of them will be licensed anywhere, meaning they are loaning illegally.
In PA it's a bit complicated. I would call up the customer serv
In PA it's a bit complicated. I would call up the customer service numbers and ask them what state they are licensed in. If won't answer you, then odds are good they aren't licensed anywhere.
Also, do a search for their address. Check that state's licensing database.
payday loan
I have a pay day loan with USFASTCASH who is licensed in OK, I am in PA. By law I am authorized to tell them that that my debit is no longer authorized but USFASTCASH says they can only receive payment by credit or debit. I borrowed 300 this thursday I will of payed $390.00
SUGGESTIONS??
In MD all are prohibited, but I wonder of the two that I had pre
In MD all are prohibited, but I wonder of the two that I had previously had which ones are not licensed at all. Do you know if there's any more that I should have paid besides the loan amount? I paid more than that, but I just want to make sure. Not like I just want to give them my money or anything. haha
You can get one of those prepaid debit cards. Only put on it th
You can get one of those prepaid debit cards. Only put on it the amount you want to pay. That way you are not giving account info to these places, but you can still pay them what you owe.
I've paid the loan amount and some extra plus they took extra ou
I've paid the loan amount and some extra plus they took extra out of my account without prior authorization which made it amount up to even more than that, but of course this Westbury Ventures keeps trying to call here to get my new account info. I'm not falling for that...
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drillboy - you live in PA. They are prohibited; however, PA will allow an internet pdl if they are licensed in another state. If they are licensed in another state, you would have to abide by the state they are licensed in. However, USFastCash is totally unlicensed/illegal. They are not licensed to do business in any state in the United States of America. They are illegal - period.
It's definitely time to stop paying them anything else. As for
It's definitely time to stop paying them anything else. As for moral standards, I would pay back the amount borrowed, but anything above and beyond that, FORGET IT!! I hope you have found lots of inner strength here and will continue to come back to us for or with advice.
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drillboy, I'm checking to see if your other two are licensed. Cash Supply is in NM. I'm checking that. Cash Supply is not licensed. So, you're good on that one, too. Let me check your last one. (We already know USFastCash is not licensed). Hang on.
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drillboy, I'm showing Mesa Financial as having an active license. This would be your only one that you would have to abide by their state law. The other two pdl's are not licensed. You need to do something regarding your bank account ASAP since your pdl's are due to hit Thursday. There is a "sticky" at the top of this site page regarding closing your bank account. I need for you to read that. If you have ANY questions regarding closing your account, please post. If your bank can not guarantee you that your account will not be "forced open" due to pld debits, you need to get a hard debit block put on it. It might be "too late" to get it closed and not forced back open, as your pdl debits are already pending to hit. If that's the case, you need to put that hard debit block on it ASAP. You need to go to the bank in person, speak with the branch manager. Explain illegal companies are taking unauthorized debits from your account and it needs to be closed. However, if they can not PROMISE it will not be forced open (as it might since it's this late), make them put a hard debit block on it. Do not leave that bank without something being done with that account. You need to do this asap. If you have any questions regarding the bank account, just post. If you have any problems, just post. We need to get your bank account settled first. Then we can move forward. Post any questions. :D
Fantastic advice!! I didn't remember about his account still be
Fantastic advice!! I didn't remember about his account still being opened. Hopefully drillboy is already on his way to the bank to get that taken care of.
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DRILLBOY - You need to tell your bank that you HAVE contacted these pdl's. Take copies of your letters with you if you have to just to show them. (Even if you haven't mailed them yet to the pld's). Tell your bank - STRESS THIS - that these are illegal, unlicensed companies taking unauthorized debits from your account. Tell them that you are "working with an attorney" regarding these illegal companies. Tell them whatever you have to to get them to block that account! Be extremely firm. Do not let them tell you that it "can not be done". Yes, it can! Cry, have a fit, have an anxiety attack, do whatever it takes to get the bank to take care of this! I swear to you, if you have to tell "a story", then by all means, do it. It means protecting your money. If they give you any crap at all - you ask them "what do you consider fraud? what if someone took my checkbook? you would close/block the account with no problem. you need to do that in this case as these are illegal companies and they are not authorized to debit my account and I do have an attorney working with me." Tell them you've spoken with your state Department of Financial Institutions regarding this. Hell, throw out every government agency you can think of, attorney's names, etc. Get them to block that account! This is where you may have to "spin lies" or "be mean" or whatever. But do whatever you have to to protect your money! Those pdl's are going to hit again NOW. I'm very concerned. I personally went in, threw a hissy fit, said I was working with a lawyer, stressed "illegal/unlicensed/unauthorized". Please, please try this. You've got to make them understand they have to do this now. Tell them you will be contacting their corporate office if they will not cooperate and proceed to get the corporate office telephone number. I'm sorry - but if they want to play hard ball, you're going to have to play hard ball back. Protect your money though!
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drillboy, if you register as a member, you will be able to send/receive pm messages. We can then send things back and forth. Go ahead and sign up as a member and you'll be able to do this & everyone can send you messages (example letters, etc.) and you can also send people messages if you have questions! :D
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Oh! drillboy! You became a member! Good job! :D Now we can send you letters, etc. First, what is it you need to know about Cash Supply? Is that a pdl you have? Is that the name of the pdl?
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Here is what the BBB has:
Cash Supply
314 N Riverside Dr
Espanola, NM 87532
Primary Phone: (800) 416-8907
Primary Fax: (800) 416-5405
Primary Contact: Crystal Gonzales,Site Manager
Of course, they have an "F" rating with the BBB.
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drillboy, I believe CashNetUSA is licensed. If this is the case, you would need to follow the pdl law of the state where they are.
Also, I received your pm. Check your messages. I have sent you two.
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drillboy,
Cash Supply - unlicensed/illegal
USFastCash - unlicensed/illegal
Mesa Financial - licensed - you abide by their state
CashNetUSA - licensed - you abide by their state
Check your messages. There's a letter for you. :D
Please post if you have any questions.
Drillboy, to retrieve private messages (pm's) look at the right
Drillboy, to retrieve private messages (pm's) look at the right side of the page, there is a box and right underneath CHAT there is a statemetn "you have xxx new messages" or it will say "you have no new messages" click on that and your mailbox will open up. Then click on the message and it will open - Roxy
Yes, Cash Net USA is licensed and lending to PA consumers under
Yes, Cash Net USA is licensed and lending to PA consumers under it's Nevada license.
FYI - Cash Supply has the same address as Nationwide . . . . Don't know if it's a mail drop or a sister company, but Nationwide is licensed in NM . . . . .
Ok..maybe it is on her side. She will read this. Usually around
Ok..maybe it is on her side. She will read this. Usually around luch time, our time. Cannr- would you try to pm Drillboy again, something silly is up and he has no Inbox messages (as I am sure you have already read). Drillboy, another option is to pm Mike and ask him to check it out for you. Hang in there - Roxy
Drillboy,,,I will send you one and see if mine do. Duh- don't k
Drillboy,,,I will send you one and see if mine do. Duh- don't know why i did not think of it earlier. Roxy
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My messages are sitting in my "outbox" waiting to be picked up. They have been sent. They sit in the "outbox" until they are picked up. They are still there. So drillboy, you should have some messages waiting for you.
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Can someone please help drillboy with an "example" letter for his pdl's? Apparently he is not getting my pm's or roxy's pm's. We've both tried pm'ing and he is not receiving them. Can someone else try to pm him a letter or at least post an example of what he can use? Any help would be greatly appreciated! :D