Payday One | DebtConsolidationCare

anonymous · 2008-05-22T09:19:08-07:00

Does anyone know the laws of Illinois regarding Payday One? I read somewhere they are not a PDL so they are allowed roll overs and can charge over the $15 per $100 limit of Illinois?

Payday One is a pdl in Illinois . . . It's only in certain state

Payday One is a pdl in Illinois . . . It's only in certain states that they aren't.

Payday One only offers installement loans in Illinois. That is how they get around the payday loan laws.

Here is their licensed for Illinois.

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lrhall41

Submitted by goudah2424 on Thu, 05/22/2008 - 09:25

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Sorry, that license is expired . . . . But they have renewed.

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lrhall41

Submitted by goudah2424 on Thu, 05/22/2008 - 09:28

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So they don't have to follow the Illinois PDL laws and can charg

So they don't have to follow the Illinois PDL laws and can charge whatever they want for interest?

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lrhall41

Submitted by on Thu, 05/22/2008 - 09:29

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What laws do they have to follow?

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lrhall41

Submitted by on Thu, 05/22/2008 - 09:31

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I need some more information about your loan . . . What were

I need some more information about your loan . . .

What were the terms? How long was the loan for?

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lrhall41

Submitted by goudah2424 on Thu, 05/22/2008 - 13:19

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I contacted them last month to setup payment arrangements on my

I contacted them last month to setup payment arrangements on my loan. I borrowed $650 and paid over $200. They just emailed me and i said I owe them $983.13. WTF...

I told them to pound sand and I am only paying what i owe.