multiple payday loans
Date: Wed, 06/13/2012 - 15:28
I am fairly new here, so I apologize if any of my information is
I am fairly new here, so I apologize if any of my information is incorrect. But it does appear that they are illegal in your state. I would suggest writing a C&D, ACH revoke letter to each of them and it is also suggested that you close your bank account. I would also ask for a PIF letter and ask for a refund on what you have overpaid.
Pennsylvania Law
Legal Status: Prohibited
Citation:
Check cashers are specifically prohibited from making payday loans under Check Cashing Licensing Act of 1998, 505(a). Otherwise, consumer discount company act applies. 7 Pa. Cons. Stat. Ann. 6201 et seq.
Small Loan Rate Cap
$9.50 per $100 per year discount or 24% per year
Where to Complain, Get Information:
Regulator: Pennsylvania Department of Banking
Address: Market Square Plaza, 17 N. Second Street Harrisburg PA 17101
Phone: (717) 214-8343
Fax: (717) 787-8773
Regulatory Contact: Jim Keiser Administrator of Non-Depository Institutions
[URL="http://www.banking.state.pa.us/portal/server.pt/community/banking_home/14319"]Regulator???s Website[/URL]
[URL="http://www.portal.state.pa.us/portal/server.pt/community/consumer_information/14322/contact_us__submit_form/592746"]Complaint Form[/URL]
[URL="http://www.portal.state.pa.us/portal/server.pt/community/consumer_information/14322/1_1_file_complaint_ask_questions/598521"]Complaint Instructions[/URL]
Online Resources:
Read the link in my signature line for the proper procedures to
Read the link in my signature line for the proper procedures to deal with illegal loans. Follow all of the steps...dont skip any!!!