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Debtconsolidationcare.com - the USA consumer forum

New York State PDL

Date: Wed, 05/27/2009 - 07:16

Submitted by anonymous
on Wed, 05/27/2009 - 07:16

Posts: 202330 Credits: [Donate]

Total Replies: 5


Hi, I need to ask some questions. Is it true that internet payday loans are illegal in NYS ? I have fallen into the trap and Im screwed. Is there a company that will do a consolidation loan to help me get out of this? Its not a lot of money about 900. all together but its killing me any help out there?


The link you sent won't work for me. Do I have to close my account to get out of this? There is so much tied to it. If I could get a consolidation loan I could just pay it off but paying their way just gets you deeper and deeper in debt. I was almost out of this a couple months ago. Im just sick. Any directions to a company that could help?


lrhall41

Submitted by on Wed, 05/27/2009 - 07:32

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Ok, Clam down. PDLs are illegal in NY state. All you are obligated to repay is the acual principle borrowed. All fees and interest go toward that principle. If you borrowed 300 and paid 180 in fees all you owe is 120.00.
The only way to be safe from the neverending debits, is to close your accounts. If not, these companies will bleed you dry. They will never admit to being illegal, and will tell you they are legal. They will never stop taking your money.
How much did you borrow from each company, and how much did you already repay? Chances are you are almost done


lrhall41

Submitted by on Wed, 05/27/2009 - 07:49

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