NY Payday Loan laws - need link

Date: Fri, 08/27/2010 - 07:44

Submitted by jaecruz
on Fri, 08/27/2010 - 07:44

Posts: 13 Credits: [Donate]

Total Replies: 3

Can someone send me the link to the payday loan laws in NY - so I can include it in my letter to the internet payday loan companies?

Thank you

Hi jaecruz, Click on this link and get the PDL laws applicabl

Hi jaecruz,

Click on this link and get the PDL laws applicable in your state: http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

lrhall41

Submitted by paulcahill80 on Fri, 08/27/2010 - 09:08

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Thanks - this is probably a dumb question but what does "per ann

Thanks - this is probably a dumb question but what does "per annum" mean when they talk about the interest rate cap on small loans? For my state, its 25%. Does it make a difference in any way if the loan was an internet loan or a store front loan (mine was internet)?

lrhall41

Submitted by jaecruz on Fri, 08/27/2010 - 09:17

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Most of the storefront loans are legal. This is because they hav

Most of the storefront loans are legal. This is because they have a physical presence in the state. And on the contrary, internet PDLs, in most cases, do their business illegally.

lrhall41

Submitted by paulcahill80 on Fri, 08/27/2010 - 09:40

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