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TN online PDL's

Date: Mon, 03/09/2009 - 09:57

Submitted by anonymous
on Mon, 03/09/2009 - 09:57

Posts: 202330 Credits: [Donate]

Total Replies: 4


I currently have 3 payday loans in the state of TN . All of them were done online.

PayDay1 - Balance $1000 pric. + $400 interest. I have already paid well over this amount in interest. They still debited my account even after I called them and told them I did not have the funds for the payment.They are willing to offer me a settlement but I still can't pay that.
Outback Bucks - Balance $300 principal - have paid $90 interest
VIP PDL Services- Balance $300 principal - have paid several $90 payments but interest only

I need help getting these paid off. I already have a debt consolidation for my credit cards. I asked them about including these but they said no.


The only way to stop them and get arrangments made is if you close you account.

PayDay One is legal and they will work with you on payments but sometimes not until after they can't get the payment from your account.

Outback and VIP are legal as well since TN law does not require them to be licensed in TN, just any US state.


lrhall41

Submitted by nohiogal on Mon, 03/09/2009 - 10:21

( Posts: 2582 | Credits: )


The only way to stop your account from being debited is to close down your checking account and open a new one. However, if you have a good credit score, you can go for second debt consolidation loan and pay off the payday loans because the interest rates on the payday loans are very high and may push you to vicious circle of debt.


lrhall41

Submitted by jstn.credit on Tue, 03/10/2009 - 05:53

( Posts: 139 | Credits: )


Can anyone tell me if the company VIP PDL is legal in NYS?


lrhall41

Submitted by on Wed, 07/22/2009 - 13:31

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