New Hampshire Gives Payday Lenders The Boot

Shazzers. . .good to know. The statement does make my blood boil though as it states that PDL's are an option consumers need and without them we would be driven to less savory choices. . .and what in the flying h..l would that be? Without them we would be in the welfare line. . . aren't many of us ready to go there anyway with the fees we are paying? And last, but not least, we would have to scrimp on necessities or bounce a check. . .aren't these ALL the things we are encountering BECAUSE of PDL's not in spite of them? Who is the victim here? I only pray that these people will someday be stopped in their tracks.

Florida capped them at 10% and they are flourishing here. I would make loans for 2 weeks at 36 percent all day long if I was so inclined!

I agree llw1995, they make it sound as if there would be NO way to survive without them (PDL's). When you think about it, what did people have to rely upon years and years ago? There was no such thing as PDL's then. But, at least this problem is beginning to be recognized, somewhat. :?

Well, this certainly is good news for New Hampshire, which is following the lead of its neighbor, Vermont, which has just banned them outright. But the funny thing is that after reading posts from members whose checks were taken to pay their PDL fees, aren't they going to the welfare office anyway? What a lame argument from the PDL lenders!

Shazzers. . this is encouraging. People need, no MUST know what is going on. I think the problem is that most of us are embarrassed by what we have done and it is something we don't talk about. I know that I haven't talked to anyone about this but you guys. It's tough dealing with it by myself. There have been legit lending groups for years and many, many people have used them. I think that was pretty much what people used in the good old days. But, times are different now. We have a different advertising medium. Society is so rushed that we want it all, and we want it right now. I know that this has taught me a valuable lesson. If I don't have it, I don't have it but life will go on. If this experiene has taught me anything it is that I CAN do without something that I thought I just couldn't live without. I only hope that once I am through this I can live more "simply" on a regular basis. Thanks again Shazzers for watching our backs.

Llw, that it what the PDL lenders are banking on--that we are thinking that we are the only ones in this mess and won't spread the word. But what amazed me and opened my eyes to the enormity of the problem was when I was going through my own nightmare with Sonic, and called my payroll when they threatened to use the Wage Assignment letter. The Garnishment Supervisor said she got so many letters from them that she started sending them back!! It made me see that this is the last hidden problem in America.

ks. .again I can't say enough about how much peace of mind I get from this site. When I came here I thought I was such a bad person, doing the wrong thing for the right reason. Not any more. I got caught up in something when I thought there was no other way out. Now, I really don't care. If I don't have the money for a bill, I tell them they just have to wait until I get it. It will take some time to get out from under this mess, but I will do it. As for the PDLer's, their day WILL come.

kscornell
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Same here with my HR dept. It is like we think no one else has been in this boat? We see new ones opening up everyday here. And more and more people getting trapped by them.
I admit I was not the wisest individual, but it sooths my ego somewhat to know I am not alone.

I have about 5 PDLS out and at the end of the month is when i am going to be in default on my loans. I am nervous about going to my HR departmet concerning this issue. I am in a managment position and am afraid of being fired..I am ready to take on the Phone Calls that are going to start rolling in.even started rehersing what i am going to say to the scum bags..but going to HR is another matter..

Do not worry about it...I will almost bet you you are not alone and they will be supportive...Truth is your HR person may be in the same boat or know someone who is? My bank told me three quarters of those in her office are in trouble.

Excuse me...with these same type of things. Desperate times, people.

I hope your right Egypt..I will let you know if i have any problem.

So, I live in NH and have 9 pdls. I just spoke with Langhorne and am in the process of signing up with them to get myself out of this nightmare.

The thing that I am most worried about is that they will harrass me at work and also call my employer

Hi I. If you are working with Lanhorne then they will be dealing with the PDLs and you should not get any calls. That is what Langhorne is being paid for, to take the heat off of you and pay your bills. At least that is how I understand it works.

Exactly right. What will happen is that Langhorne will notify all your creditors that they are representing you now and all calls should go through them. It takes time, but it does work, trust me.