Iowa Internet PDLs?

Who are your loans through?

Internet PDL's are NOT legal in Iowa. A lender must have a license issued by the IDOB and a bricks and mortor location to lend to residents. The IPDL cannot sue win if they take you to small claims and therefore, will not waste the time, effort or money on the process.

Thanks for that info. I have 8 loans thru these "companies"

[FONT=Arial][SIZE=2][FONT=Arial][SIZE=2][LEFT]vip loan[/SIZE][/FONT][/SIZE][/FONT][/LEFT]
[FONT=Arial][SIZE=2][FONT=Arial][SIZE=2][LEFT]sure advance[/SIZE][/FONT][/SIZE][/FONT][/LEFT]
[FONT=Arial][SIZE=2][FONT=Arial][SIZE=2][LEFT]integrety advance [/SIZE][/FONT][/SIZE][/FONT][/LEFT]
[FONT=Arial][SIZE=2][FONT=Arial][SIZE=2][LEFT]cashdirectexpress[/SIZE][/FONT][/SIZE][/FONT][/LEFT]
[FONT=Arial][SIZE=2][FONT=Arial][SIZE=2][LEFT]united cash loan[/SIZE][/FONT][/SIZE][/FONT][/LEFT]
[FONT=Arial][SIZE=2][FONT=Arial][SIZE=2][LEFT]solomon[/SIZE][/FONT][/SIZE][/FONT][/LEFT]
[FONT=Arial][SIZE=2][FONT=Arial][SIZE=2][LEFT]star cash servicing[/SIZE][/FONT][/SIZE][/FONT][/LEFT]
[FONT=Arial][SIZE=2][FONT=Arial][SIZE=2][LEFT]one click cash[/SIZE][/FONT][/SIZE][/FONT][/LEFT]


Basically you are saying that since the are not legal in this state they have no ability to win if they take me to small claims. I'm assuming they are taking on a risk even to start an action against me in that case.

What can I do to avoid them from calling me at work or my cell phone then? I really don't want calls as my wife isn't aware of them.

Thanks,
Aaron

They cannot win in small claims.

They can and will call you to no end. Thier calls will be mean, threatening and sound real official, but in the end, that is all that they can do. You will need to check the "sticky" at the top of the thread list to see how to handle illegal lenders. The real bad news is that your wife is probably going to find out when they start making calls, so I would make her aware of them now to avoid the uncomfortable discussion later.

The first thing you need to do is secure your bank account. You'll have to close it and open a new one as your money will never be safe again, now that these vulture have your information.

All of your lenders are illegal but you should repay them the principal amount borrowed. Any payments you've made thus far will be counted toward the principal balance. For instance, if you borrowed $300 and have made 3 payments of $90, you only owe $30. If you've overpaid, request a refund. Read this thread and move forward from there.

http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html

Thanks for the info from both of you. It's very helpful and gives me some relief. I have already opened an account through another bank and plan to close my current account.

I did read the link about how to deal with the lenders. If I send this does it work to keep them from contacting me by my cell and work phones? I have no idea when I can pay the principal remaining. I've paid some on the loans but not enough to cover the principal.

Thanks again,
Aaron

Honestly Aaron, the answer is no. They are going to call every number for you that they have to get thier money. I can sugar coat it, but it is still going to taste like crap! You are on your way! It is not going to be easy or fun, but you will get your life back.

Aaron, PDL is right. There's nothing you can do to keep them from calling. When they figure out they aren't getting anymore money from you, they will eventually stop. In the meantime, you have to endure it. I mean, they already broke the law by lending you money. Do you really think they'll honor your request to not contact you via phone? You should advise anyone who was a reference, as well as your employer that you have been a victim of fraud and any calls they receive they should simply hang up and ignore. It probably would also be in your best interest to talk to your wife and explain to her what's going on.

Quote:

I'm not suprised as Integrity called me constantly to sign the docs. I can handle the calls as they can go right to voicemail on my cell and work. Heck I'm getting constant marketing calls ever since I applied so I'm use to ignoring calls.

I guess I had a couple follow up questions if anyone can help. I saw the template to send to each lender. If they will still call me what's the point to sending it? I don't mean to sound blunt but what can the letter help me with?

Also if I close out my current account will it effect my account thru the other bank. Example will I have checks rejected when I write them at a grocery store even if they are with another bank?

Thanks again
Aaron