Payday Loan help in PA

Payday lending is prohibited in PA, so none of the payday lenders in your state are legal. You can get rid of the debts by paying them only the principal amount. Illegal lenders won???t be able to take any legal action against you. Close your bank account asap so that they can???t debit money from your account in future. The following link may help you to know about how to deal with illegal lenders:
http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html

Hi,

I agree with Sandra.

Since payday loans are illegal in PA, you don't need to worry about paying the high interest on these loans which is the major concern for most people. It is advisable that you close your bank account down so that any of your lenders are not able to deduct any money from your account. Also, contact them saying that you will only return the principal amount and do that as fast as possible to get over with your debts.

I just got off the phone with the pa dept of banking and there telling me that i in fact hi entered into a binding agreement with these companies,Cash yes,cash cure,and discount advances.Whether this person on the phone was correct not sure but apparently they don't want to do anything.

So apparently online payday advances are legal in pa please help.

They were WRONG...Payday lending is prohibited by PA state law....thus the contract is not legal. Call back and talk to someone who knows the laws....

http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

the dept of banking in more than one state love to try and interpret the law.as SOAPLADY stated they are wrong.ask your AG for a different point of view.they will confirm the loans illegal.

I have contacted the federal trade commission and filed a report,I have contacted the pa ag's office and still waiting for a return call,I have contacted the pa dept of banking who is in charge as far as i know for regulating these payday advances and was told that payday advances are illegal in the state of pa,However if there are clauses in the contract that say that the contract is in another state that is an issue.

your state did away with that loophole almost two years ago.it is true that before march of 2009 that if a pdl had license in any state you followed those laws,but again since mar 2009 all pdls are prohibited.

Just like to give everyone and up date cash yes stated my account is paid in full after i told them i filed a complaint with my states ag office and the ftc.However cashcure still insists that they are licensed in delaware and they do not have to abide by pa law so iam filing a report to the ag office and the pa dept of banking.

yes file an AG complaint,but stop going through the dept of banking.your AG is there to fight for consumers.the dept of banking only grants licenses.they don't know the laws.nor do they enforce them.especially against unlicensed entities.file the AG complaint and that's it.

@Rocco, going through the same thing in PA. Best of luck. I have taken the same steps that you have and will hopefully have good results. PDL's are in fact illegal/prohibited in PA. I was able to access my accounts and tally up the fees paid. One of them, CashNetUsa - I had paid $5000 in fees, and they were threatening action over $650 principal owed from 2009. I sent the attorney a letter detailing this. We will see.

Thanks to everyone i have filed complaint with pa dept of banking and the ftc against cashcure so ill keep everyone posted on what happens.