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Date: Thu, 10/23/2008 - 12:10

Submitted by anonymous
on Thu, 10/23/2008 - 12:10

Posts: 202330 Credits: [Donate]

Total Replies: 2


Has anyone had any experience with phone calls at work after defaulting on pdls? We have a couple pdls at storefronts in Va. I am ready to close my checking account and open a new one however we are afraid the lenders will harrass my husbands work.


Please check the pdl laws of VA: -
Quote:

Virginia State Information

Legal Status: Legal

Citation:
Va. Code Ann. ???? 6.1-444 et seq.

Loan Terms:
Maximum Loan Amount: $500
Loan Term: Min: 7 days
Maximum Finance Rate and Fees: 15%
Finance Charge for 14-day $100 loan: $15
apr for 14-day $100 loan: 390%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: None (cannot refinance, renew, or extend)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: $25 NSF fee; Court Costs; Reasonable Attorney's Fees (not to exceed $250)
Criminal Action: Prohibited


Quote:
Where to Complain, Get Information:
Regulator: Virginia Bureau of Financial Institutions
Address: State Corporation Commission, 1300 East Main Street, Suite 800 Post Office Box 640 Richmond VA 23218
Phone: (804) 371-9657
Fax: (804) 371-9416
Regulatory Contact: Susan E. Hancock,, Deputy Commissioner, Consumer Finance


lrhall41

Submitted by phoenix on Thu, 10/23/2008 - 23:51

( Posts: 1445 | Credits: )