Is payday one licensed ?

In the state of Texas they are listed as a CSO which is technically not a PDL so check your contract to see if it states if they are Credit Service Organization.

Yes, Payday One is licensed in every state it lends in. For PA consumers, Payday One is lending under it's Deleware license.

flyers, which means you will have to abide by the laws of Delaware. Which suck. I will post the Delaware pdl law for you to see.

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

According to the DE laws it only allow to roll over 4 times. The loan was taken out on 5/23. Am I legally resposible to pay the $770 they are claiming I owe. I had paid the $425 up til I closed my account in August. They sent me to a collection agency named Financial Recovery Services out MN.

How many times did you roll it over? Did they ever make you pay it off in full and then just let you reloan?

It rolled over 4 times. Not this loan.

So if it only rolled over 4 times then they were still within the law. Since there isn't any limit of fees charged or interest rates, technically I think it may be what you owe.

BUT - Payday One can sometimes be an easy company to deal with. I would write them, and ask them if you can settle for $75 (amount owing on principle) and see what they. It's worth the try!