what is a pdl that I have been reading?

pdl is a payday loan.

Yep..PAUL's right. PDL's aren't something you wanna 'mess around' with. They are 'bad credit' loans ( at least, that's what THEY say. EXTREMEMLY high %. Once you get into the 'PDL trap' it's very hard to get out of.

Pdls are the easily available loans that may help you at the time of any financial crunch. It was initially developed to help people with quick funds between their paychecks. Well, that's supposed to be the original definition of pdls. But, however, overtime the face of pdl has changed. Though, it still gives out easy loans to people , without credit check, but has also earned itself a 'bad name', because,

• They charge high interest rate...you may even end up paying 1000% on a loan.
  
  
• It may happen that you couldn't pay back the loan on the said date. Then to renew the loan you have to pay extra fees along with the interest. Thus gradually you will get sucked into the pdl trap.

Also depending on the state that you live in, Payday loans are illegal. 8)

payday loans are horrible, illgeal in some states and never, ever worth it. if someone thinks they need money now, wait until they take a payday loan!! they will so far into debt they will wish they were as "bad-off" as they were with the original loan.

bea2ls, I agree 100 percent with you. When I think of the money I gave these companies, I could cry.... it is simply not worth it to deal with them.

Same here, I kept taking loans to pay off former ones - it was such a horrible trap. I know now that no matter what they say - they are designed for people to default on these loans. I would pay one off than take the same loan three days later for money for food or gas. it was so so crazy - i was stuck in this trap for years with a lot of the same companies. they now act like i owe them all of these fees when i finally did default.. i just wanted to make it clear to anyone considering that there is no good time to take one.

:cry: :cry: :cry: :cry: My advice is to leave them alone for the following reasons

1. Interest rate is too high
2. Some of them are illegal
3. They will harrass the ___________ out of you just to get you to pay. :twisted:

For those reason along it is not worth it noway no how.

Does anyone know what PRL Direct is like to deal with if you owe them money>

Johnie, if you do a search on this site for PRL, you'll find several posts on that company. Hopefully it will give you some insight on them (search is in the upper right hand corner of the site0