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kentucky pdl law?

Date: Fri, 04/28/2006 - 15:56

Submitted by pierson32
on Fri, 04/28/2006 - 15:56

Posts: 20 Credits: [Donate]

Total Replies: 4


Hello all,
I was looking up kentucky pdl law and it says that the maximum fees for a $500 loan for 7 to 30 days is $15.00 per hundred meaning that the maximum fee is $75.00. should i inform my pdl that i am over paying loan interest.


Hi pierson32

Send the link to your payday loan company and ask them re-calculate your interest charges. Also, request them to send you the detailed statement so that you can plan your payments.

It is illegal if a payday loan company is charging more than the permissible interest rates. The company must make the adjustments and give you the latest standing of the account.


lrhall41

Submitted by david on Fri, 04/28/2006 - 16:13

( Posts: 1229 | Credits: )


I have written the pdls requesting that they adjust my account. and that i believe that i am being overcharged. is that ok?


lrhall41

Submitted by pierson32 on Fri, 04/28/2006 - 17:29

( Posts: 20 | Credits: )