SDS Processing, Alpine Direct, Fox Processing

Which state are you in? What was the debt amount and how much you have repaid?

New York.

Payday loans are prohibited in the state of N.Y., therefore, I wouldn't even attempt to negotiate with any of these lenders, if they want paid at least the principal amount you borrowed then they will need to meet your terms, otherwise there isn't a whole heck of a lot they can do about it.

Check out the following link where Shazzers has beautifully given the steps about how to deal with the illegal lenders: http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html.

I just got this response from the New York State Banking Department, kind of worries me:

Unfortunately Payday Loan Companies are not in our jurisdiction. They operate over the internet and are domiciled in States that do not have usury ceilings. When you borrow from a payday lender over the internet you are deemed to be borrowing in their home State. Therefore, it is legal to charge the high rates you are currently paying.

Nah, most Internet lenders aren't licensed ANYwhere.

Thanks so much for all of the help. Would anyone be able to tell me if the following lenders are licensed anywhere?

SDS Processing
Alpine Direct
Fox Enterprises


Thanks again!