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Illegal and not illegal pdl in Kentucky

Date: Fri, 02/06/2009 - 11:46

Submitted by anonymous
on Fri, 02/06/2009 - 11:46

Posts: 202330 Credits: [Donate]

Total Replies: 2


I need to know which is legal and which is not
one click cash on line
Integrity advance on line
Ameriloan on line
CMG Group LLC on line
Ashland Enterprises - Ashland Funding-Crestwood Marketing on line
If they are illegal and /or unlicensed what does that mean? To loan in there state or my state?
How do I fight them?
One time I had a pdl from a local and I made friends with the manager. She gave me some information about getting out of my PDL. I don't want to post this, so is there a way I can ask confidencially?


From my understanding when contacting KY DFI all Interent lenders are illegal in KY. You can contact them for more information. They answer pretty quickly when you e-mail them.

Also this link will give you information on how to handle the illegal payday lenders.

http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html


lrhall41

Submitted by beli2005 on Fri, 02/06/2009 - 11:56

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You are right KY internet payday loans are illegal.

from here

"What is a payday loan?
A payday loan, also called a deferred deposit, is issued when a financial institution (a payday lender or check casher) agrees to provide cash in the amount of the customer???s next expected payroll check for a fee. These short-term loans are required by state law to be paid in full before another one can be issued, and customers may only have one payday loan at a time. Internet payday lenders are not regulated in the state of Kentucky and are therefore illegal."


lrhall41

Submitted by nohiogal on Fri, 02/06/2009 - 14:09

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