logo

Debtconsolidationcare.com - the USA consumer forum

on-line pay day loan debt elimination

Date: Fri, 10/24/2008 - 16:42

Submitted by anonymous
on Fri, 10/24/2008 - 16:42

Posts: 202330 Credits: [Donate]

Total Replies: 3


pleas tell me the best way to go. what should I do first?


online pdl laws varies from one state to another. Check your state pdl laws.

Additional info: -
Quote:

States that require internet based pdl's to be licensed by that state:

Alabama

Alaska

Arizona

California

Colorado

DC

Deleware

Florida

Hawaii

Idaho

Illinois

Indiana

Kansas

Kentucky

Lousiana

Maine

Michigan

Missippi

Missouri

Montana

Nebraska

Nevada

New Hampshire

New Mexico

North Dakota

Ohio

Oklahoma

Oregon

South Carolina

South Dakota

Texas

Utah

Washington

Wisconsin - If the online company solicited you

Wyoming


In the above states the internet payday loan company must be licensed by that state and follow that state's laws.


Quote:
The following state allow an internet based payday loan company to lend legally as long as it is licensed in any US State. They would need to follow the laws of the state they are licensed out of, not the state the consumer is in.

Arkansas

Minnesota

Pennsylvania

Rhode island

Tennessee

Wisconsin


Quote:
The following state are known to have payday loan companies acting as CSO's (Credit Service Organizations). This means they do not need to be licensed, and are generally 100% legal in what they charge.

Florida

Maryland

Texas


Quote:
In the following states internet payday lenders are not legal, either because of restrictive laws, or because the state does not license companies not located in that state, but requires a state issued license to lend.

Connecticut

Georgia

Iowa

Maryland

Massachucetts

New Jersey

New York

North Carolina

Vermont

Virginia

West Virginia


lrhall41

Submitted by on Sat, 10/25/2008 - 04:18

( Posts: | Credits: )


SOO.......if a PDL was 'working' out of the country ( Canada, New Mexico, etc..) they ARE NOT legal in ANY state in the United States? Am I right on that one? I live in PA.


lrhall41

Submitted by sdchargers_63 on Sat, 10/25/2008 - 05:07

( Posts: 1798 | Credits: )