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I have internet PDLS AND i Live in PA.

Date: Tue, 09/11/2007 - 12:32

Submitted by anonymous
on Tue, 09/11/2007 - 12:32

Posts: 202330 Credits: [Donate]

Total Replies: 5


From reading everybody's messages. The first thing I need to take of these PDLs is to close my acccount. I have internet PDLS AND i Live in PA.


You will find the Payday loan laws for Pennsylvania here (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

Beaner I think you have another thread going.
Read the above thread regarding closing you account.
List for us who you have loans with, the total ampunt borrowed, and the amount paid(fees and principle)
I assume these are internet. I think I remember reading that from your other post


lrhall41

Submitted by kashzan on Tue, 09/11/2007 - 12:41

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PA has a loophole regarding internet loans.

The act made having any physical location in PA illegal, but when the wrote out the laws they used the term "In this Commonwealth". So they interpret the laws to mean only applying to businesses located inside PA.

Here is some information from the guy in charge of regulating pdl's in PA:


What this means is that as long as the company is licensed in another state they are legal to lend in PA. And they would follow the laws of the state they are licensed in.


lrhall41

Submitted by goudah2424 on Tue, 09/11/2007 - 12:42

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Thanks, volley. Drillboy/Beaner has previous threads going. There are answers to his questions everywhere. Drillboy/Beaner, please stick to one thread. You will find all responses to your questions and your laws and what you should be doing next. I, personally, have posted long answers to your questions. Please look at your other threads for your answers. :D


lrhall41

Submitted by cannr on Tue, 09/11/2007 - 19:33

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