Alabama pdl limits?
Date: Fri, 06/19/2009 - 03:23
I have 4 storefront payday loans totaling $2000 in alabama. however, i recently read that it is illegal to have more than $500 out at a time and i called another pdl company to ask if it was true and the woman says yes, that a company cannot lend you any money if you have other pdl totaling $500 in the state of alabama. so my question is, i am now signed up with t&c and im wondering should i even be responsible for these if they werent suppossed to give them to me in the first place? im not trying to dodge a debt but i know that with all the times i have gone in, paid the interest and rewritten i have paid each of them back at least 4 times what i borrowed in the first place. I want to honor my contract but its getting to be to much and none of them will work with me at all with setting up payment plans or anything.
perhaps someone from alabama will be in to help you.. i would pa
perhaps someone from alabama will be in to help you.. i would pay back what you borrowed but am not sure how fees are handled. i am not experienced in store fronts but i did want to "bump" this up.