Ace Cash Services
Date: Thu, 02/11/2010 - 19:09
Hello,
I took out a loan with Ace Cash Services(866-840-2030) for $300 back in January. I didn't make any payments on the loan because I closed my bank account to stop having other PDL companies withdraw money. I spoke with Ace yesterday and set up 3 payment plans of $140 each for a total of $420.
I've read on a lot of threads on here that Ace is really hard to deal with. The questions I have is are they licensed anywhere? I live in PA and I know that PDL are prohibited in PA but I thought they were legal as long as they were licensed in another state. Then the person would need to follow that state's laws.
If they aren't licensed then aren't I only responisble to pay the principle of $300?
I took out a loan with Ace Cash Services(866-840-2030) for $300 back in January. I didn't make any payments on the loan because I closed my bank account to stop having other PDL companies withdraw money. I spoke with Ace yesterday and set up 3 payment plans of $140 each for a total of $420.
I've read on a lot of threads on here that Ace is really hard to deal with. The questions I have is are they licensed anywhere? I live in PA and I know that PDL are prohibited in PA but I thought they were legal as long as they were licensed in another state. Then the person would need to follow that state's laws.
If they aren't licensed then aren't I only responisble to pay the principle of $300?
Internet payday lenders are required to follow the state laws in
Internet payday lenders are required to follow the state laws in Pennsylvania.
The laws were amended in 2008 which has mandated the ipdls to follow Pennsylvania payday loan laws when offering loans to the residents. Check out post #79 in the following link.
http://www.debtconsolidationcare.com/paydayloan/internet-lending-in-50states-4.html
