Payday Loan Lenders -- are the following legal in New York State?

thank you helpinaz i forgot all about that.

no pdl is legal in NY so you only owe the principle and anything debited gets deducted from that.sounds like you went to the sticky.good,now just know that illegals lie,and threaten routinely.your state law applies,and don't buy any verbage stating otherwise.as for my sliver safe do not go along with any arrangement as you pay these illegals when you can ,and as much as you can.file an AG complaint against all lenders especially my silver safe.they have no right demanding a thing.they are lucky to get the principle back.which is all they are entitled to,

Thank you very much Paul!! One last question - Since they seem to be ignoring my ACH revocation requests, should I close my current checking account?

i thought you did that already.do so asap.

Yeah, I just have to wait for things to clear tomorrow from my checking account. My next "withdrawal" from any of these thieves isnt until next Wednesday.
I dont mind the phone calls but what should I do if they start harassing me at work? I swear my last question. I appreciate all your help!!

don't sweat it.we all have been there so no worries.now if they call at work tell everyone that this is a scam,and fraud calling.then if they do call hang up without a word.btw i want updates on your progress okay.

Definitely will keep you updated! I feel alot better right now after talking to you! I appreciate it! Already filling out the complaint forms for the New York State Attorney General. Thanks again!!

it's my pleasure to help.

Please register with the forums - if you have not done so also - it will sort you out from all the unregistered..

Hello Paul,

Just wanted to give you an update as you requested on the status of my previous communication with you from 5/29 below:

Hydra II -- owe $325 paid $375 (state they are from New Zealand and dont have to abide by state law or my ACH revocation request)
My Silver Safe - owe $321 -- have paid $160.50 (honored the ACH revocation but constantly called me until I made a payment arrangement)
Payday Mobility - owe $200 -- have paid $30
Kenwood Services -- owe $195.00 -- paid $180 (have faxed ach revocation twice and they responded once stating it is governed by the state they are in not New York)
Cornerstone LLC --- owe $325.00 --- paid $300 (have faxed ach revocation twice and no reply)


I closed my checking account and my bank was great. They took the PDL names and did not link my new account with my old. Since then, I have not heard from Hydra, Payday Mobility and Kenwood Services at all. All 3 have had a complaint filed against them by me with my states attorney general's office and the FTC. I have never heard from Cornerstone since I got the loan so that is a good sign too. For some reason, I get the feeling they are they same company as Kenwood because their loan "documents" are the same. I did get in touch with Silver Safe after they sent me an email and they agreed to quit calling. I only owe them another $50 in principle and that is being paid to them on 6/26 when I get paid.
So, lets cross our fingers but so far it has been ok. I will continue to update you if anything changes.
Thanks again for all your help!!

awesome.glad things are going so good,and yes do keep us updated.

all payday lenders are illegal in NY. Click on the link on how to deal with unlicensed lenders..follow every step.

@EladisDale - glad to hear your bank worked with you and things are starting in the right direction.. as Paul said keep us posted..


@ bingonut - What are you responding to? This is an update for progress...they have already started the process!

OOps!!