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Eastside Lenders

Date: Mon, 07/27/2009 - 15:50

Submitted by anonymous
on Mon, 07/27/2009 - 15:50

Posts: 202330 Credits: [Donate]

Total Replies: 4


I am in the process of handling my own PDL disaster and making arrangements with companies. I live in KY and internet PDL's are illegal our state. Eastside tells me that they are in DE and that they are goverened by DE state and federal law. Furthermore they tell me that they are considering my loan to be outstanding and they are prepared to go to arbitration. I spoke with the KY state department of financial institutions today and they told me that technically in our state a new law was passed in KY in late June (I think) for loans taken out after that date, which state I am not legally obligated to ever repay the principle of the loan. It's not that I'm not willing to repay the principle, just questioning what Eastside told me - anyone had any experiences with them?


What happens once your loan is sold to an agency? Does the cease and desist process start all over again with the agency now? Can they legally pursue me for an illegal contract or do the same rules still apply?


lrhall41

Submitted by on Tue, 07/28/2009 - 03:06

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