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is paydayloan-yes legal in MASSACHUSETTES?

Date: Mon, 07/06/2009 - 11:31

Submitted by mboconnor2003
on Mon, 07/06/2009 - 11:31

Posts: 35 Credits: [Donate]

Total Replies: 6


I took out a pdl 2 years ago and paid them for a whole month,the pdl loans were for $300 and paid $90 biweekly.I know that I paid them all the money but now they are collecting on me.
I closed my bank account because of all the overdrawn charges.The pdl company has CRA and associates as their collectors and I haven't heard of them are they legal?They're saying that I owe them $1540 NOW for all late charges and there are 3 court cases out on me?Can that be?They want my references to appear in court too.Is that possible?
How do I deal with them?Please help.


This is typical of Payday Loan Yes, they have been threatening such actions to numerous members of this forum. If this debt is turned over to a collection agency the Federal law states the CA must send you a dunning letter which includes information about the debt within 5 days on their initial contact. Inform them if they call you of this. If you never receive a dunning letter the likelyhood of them suing you is nil.


lrhall41

Submitted by Shazzers on Mon, 07/06/2009 - 17:48

( Posts: 17344 | Credits: )