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PDL legality question

Date: Sun, 06/15/2008 - 16:19

Submitted by lovee3
on Sun, 06/15/2008 - 16:19

Posts: 24 Credits: [Donate]

Total Replies: 11


Hi, in California it says they are legal, but the terms that I have appear to be illegal. I have written letters to that effect. Will that be OK? I closed my bank account and am sending out my C&D letters tomorrow, but just wanted to double check.
Thanks so much!


lovee3 I don't think any of those are legal or licensed but I'll let someone else confirm this. Also, I see no reason why you shouldn't send them a C & D letter, and you should also add into that letter you are revoking all rights to any wage assignments, also give a copy of that to your payroll person. :) Could you specify the terms of these loans that you feel are illegal, I am just curious about that.


lrhall41

Submitted by Shazzers on Sun, 06/15/2008 - 20:41

( Posts: 17344 | Credits: )


i know 500fastcash,ameriloan,and BIG ltd are
illegal.500fastcash and ameriloan are MTE,BIG ltd is located overseas.those three i know are unlicensed therefore are illegal.don't know about the others.


lrhall41

Submitted by paulmergel on Mon, 06/16/2008 - 06:06

( Posts: 15514 | Credits: )


Guest Wrote:
Quote:

Thanks!
So even though at the top of the California laws it says "legal", they really aren't? That is what I am most confused about.
I will get all of the amounts and what I have paid so far in a few minutes.


No, they aren't legal if they don't have a license, and how to find that out is to search through the Ca. Licensee Database HERE. Some ipdl's aren't licensed anywhere in the states, therefore that would make them illegal anywhere in the states.


lrhall41

Submitted by Shazzers on Mon, 06/16/2008 - 19:36

( Posts: 17344 | Credits: )


these are the places that i owe and what i have paid...
usfast cash $350 paid $790
big ltd $250 paid $1900
eastside lenders $600 paid $1365
paycheck today $400 paid $720
netcash $500 paid $900
little loan shoppe $300 paid $360
impact cash $300 paid $180
I have another one with GFS that I am trying to find out when I originally took it out.


lrhall41

Submitted by lovee3 on Tue, 06/17/2008 - 10:59

( Posts: 24 | Credits: )