Help finding posting | DebtConsolidationCare

Not so Lucky · 2006-04-04T07:58:19-07:00

Virginia Legal Defense posted somewhere about how payday lenders have to obid by the laws of the US. Does anyone know where I can locate it?

Tammy is this the one? I don't think so but maybe you can link

Tammy is this the one? I don't think so but maybe you can link to all VLD's posts this way?

Is sending DV letter via FAX as good as CMRRR?

Sue

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lrhall41

Submitted by CycloneFan on Tue, 04/04/2006 - 08:28

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Sue, I am trying to find out if a lender based out of the US

Sue,

I am trying to find out if a lender based out of the US has to go by our laws or do we have to go by their laws. I am referring to Sonic. Their contract states that it is drawn under the laws of Ireland, but they have forwarding addresses in the United States.

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lrhall41

Submitted by Not so Lucky on Tue, 04/04/2006 - 08:37

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VIrginia

Go under the article for my cash now. He helped me out alot and it is all written there

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lrhall41

Submitted by on Tue, 04/04/2006 - 09:03

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Feel free to pm him, Tammy. He has been very helpful with some

Feel free to pm him, Tammy. He has been very helpful with some questions that I have asked him.

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lrhall41

Submitted by Cow & Chicken on Tue, 04/04/2006 - 15:44

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I did and he has been tons of help.

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lrhall41

Submitted by Not so Lucky on Tue, 04/04/2006 - 15:56

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Tammy-

Tammy-

I'm assuming you're talking about this thread:
https://www.debtconsolidationcare.com/forum/lenders-law.html

If this is not the thread, then please send me a message, and I'll do my best to research further.

Regards-
Mike

I am furiously reasearching to figure out if internet lenders are bound by payday laws in our states (For me its Florida) or by the state/country that the company is in.
Yes. But if the lender is in a foreign country they may have laws that say that their laws apply exclusively. Your best bet is a pre-emptive strike in court. You can file suit yourself. In Virginia, and I suspect in most states, violation of the payday loan act is treated as a per se violation of the virginia consumer protection act. That's good for treble damages plus attorneys' fees.

Btw, it doesn't really matter what the law is, if you're not willing to use it. And the place to use it is in court. If you don't make them obey, they don't have to. It's the American Way.