Question - Confused | DebtConsolidationCare

whiterock73 · 2008-02-10T12:40:17-08:00

I have been reading posts concerning paying back the PDLs. There has been discussions on what we are obligated to pay back.(just amount borrowed) I am wondering if that is just for the overseas places or does that go for all PDLs. Is there also a stipuation on if the company is allowed to operate in a particular state? Thanks, peggy sorry this isn't making sense.

You should always pay your debts. Anytime it has been suggested

You should always pay your debts. Anytime it has been suggested on this board to only pay back what you borrowed is due to the fact that it was discovered the PDL is operating illegally. Those are likely to be Internet loans, although not ALL Internet PDL's are illegal (always check first), and most all Store fronts ARE legal.

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lrhall41

Submitted by Shazzers on Sun, 02/10/2008 - 14:37

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question - confused

OK thanks... wasn't sure and wanted to clear that up. i want to pay them off since i am the one that borrowed the money, but now it taking all of my paycheck and I can afford it anymore.

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lrhall41

Submitted by whiterock73 on Sun, 02/10/2008 - 14:56

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I can understand that, I have been there myself, it can be very

I can understand that, I have been there myself, it can be very stressful, and can also turn into a vicious circle, unfortunately.

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lrhall41

Submitted by Shazzers on Sun, 02/10/2008 - 15:06

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If you let us know what state you live in , we can tell you wha

If you let us know what state you live in , we can tell you what you are obligated to pay back.In some states if a pdl is licensed anywhere it is legal in that state also, so the state you live in is very important

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lrhall41

Submitted by kashzan on Sun, 02/10/2008 - 15:08

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She/he is in Oregon.

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lrhall41

Submitted by Shazzers on Sun, 02/10/2008 - 15:16

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Question - Confused

i live in oregon

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lrhall41

Submitted by whiterock73 on Sun, 02/10/2008 - 15:39

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You will find the Payday loan laws for Oregon here (just select

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

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lrhall41

Submitted by kashzan on Sun, 02/10/2008 - 15:39

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I'm from Oregon too. Oregon now has some really good laws. T

I'm from Oregon too.

Oregon now has some really good laws. They specifically state that internet pdl's must be licensed in Oregon.

The state's banking dept will help you deal with the illegal companies. They are very interested in companies breaking the new laws.

Call them at:

Where to Complain, Get Information:
Regulator: Oregon Department of Consumer & Business Services
Address: Division of Finance & Corporate Securities, 350 Winter St. NE, Rm. 410 Salem OR 97301
Phone: (503) 378-4140
Fax: (503) 947-7862
Regulatory Contact: Mike

Charles Donald retired about 2 years ago, so the new guy's name is Mike. I can't remember his last name right now, but give him a call and he can help you with the complaint process.