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Pdl

Date: Tue, 09/01/2009 - 11:52

Submitted by Lee Stewart
on Tue, 09/01/2009 - 11:52

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Total Replies: 1


I have loans with 5 payday lenders and I've had some fraud activity on my checking account due to a third party company getting my personal info and debting my account saying I signed up for Freedom subcription when I signed up for the payday loans online. Now I have no choice but to close my account. I filed a fraud report with the bank and the police dept. I don't want to give my new bank info to the payday loan companys because now i don't trust them. I also want to try to settle myself with the companys. I want to know the laws for California my loans are all online.
Paydax-600.00 paid 3 payment of 75.00 and 7 payments of 76.00 and they say I owe two more payments.

the other 4 companys that I have are
Loanshop- 600.00 2 installments of 150.00

United- 400.00 2 installments of 120.00

National Money Store-
450.00 1 installments of 83.00 and 1installment of 105.00

Ace Cash Express no installment full amount due 299.00 I need some help on how to deal with this situation and are these companys legal. For the payments to padmax I have been sending them to CPD Offer.
Any help would be greatly appreciated.


The state of California requires the lenders to obtain license to conduct business with its residents. You can check the following link for info.

http://www.debtconsolidationcare.com/paydayloan/internet-lending-in-50states.html

Further, here is the link to state's pdl laws.

http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

You may also check the licensing status of each lender from the following url.

http://www.corp.ca.gov/FSD/licensees/default.asp


lrhall41

Submitted by SC on Tue, 09/01/2009 - 21:10

( Posts: 3937 | Credits: )