PDL Contacting Me
CTC borrowed $350 pay back that plus $91 every 2 weeks for probably a year
Paycheck today borrowed 200 paid back 60
Loanshop Online borrowed 400 paid back 120
United Cash Loans borrowed 250 paid back 150
Instant Loans Now borrowed 500 paid back 150
Integrity Advance borrowed 500 paid back 0
ameriloan borrowed 250 paid back 150
PayDay One borrowed 500 paid back 655.86
Please help i'm scared and don't know what to tell these people or do.
Payday One is a legal lender in Illinois. They can take steps t
Payday One is a legal lender in Illinois. They can take steps to collect on the loan, so you should make arrangements to pay them back in full.
It is also possible that Integrity Advance or Instant Loans are
It is also possible that Integrity Advance or Instant Loans are legal too.
You may want to check things out before you assume a company is illegal. You could get yourself into a lot more trouble treating a legal company like an illegal one.
how do i find out if these are legal companies. I did know that
how do i find out if these are legal companies. I did know that payday one was legal but by my calculations I have paid them off and they still want another $600. I have contacted PDL Assistance to consolidate these but don't know how to stop the calls or if I should do this myself.
You do know that Payday One does installment loans in Illinois,
You do know that Payday One does installment loans in Illinois, not payday loans, so the "payday loan laws" that you probably saw don't apply to that loan?
When a company is doing installment loans, they can charge diffe
When a company is doing installment loans, they can charge differently then payday loans.
What Payday One is charging you is legal. You could not have overpaid them.
And please don't think I'm mad at you by my tone - I'm just frus
And please don't think I'm mad at you by my tone - I'm just frustrated.
It's a really serious thing advising people on what to do. When they get wrong/bad advice, it can take their situation from bad to desperate. I just wish people would take the few minutes to actually check things out before they give someone bad advice that could hurt them in the long run.
A lot of pdl companies that operate in Illinois do the installme
A lot of pdl companies that operate in Illinois do the installment loan thing instead of the pdl.
Is there anything I can do? I just can't afford it any longer.
Is there anything I can do? I just can't afford it any longer. I'm already to the desperate point. I have closed my bank account so they cannot take any more out.
You will have to pay them off eventually. They are a legal comp
You will have to pay them off eventually. They are a legal company, and can sue you for the rest of the loan. They can take steps to collect just like any other legal debt. It isn't just going to go away.
That being said, you need to take care of your necessities first. Make sure you have a roof over your head, food, etc, before you pay off the loan.
And keep up communication with them. Even if you can only send them $10 a month, it's still better then nothing, and shows that you are willing to pay off the loan.
With that being said should I not deal with pdl assistance since
With that being said should I not deal with pdl assistance since they are not pdl's? And they are probably all legal? Should I just start paying them or make arrangements. I did make arrangements with Instant Loans Now and they dropped some fees If I pay it off in 4 months.
It's your call if you want to hire a company, or do it yourself.
It's your call if you want to hire a company, or do it yourself.
I'm not saying they are all legal. I'm just saying research needs to be into each company before they are said to be unlicensed. And in Illinois, a lot of lenders do installment loans, not payday loans.
CTC, Paycheck Today, ameriloan, and United Cash Loans are unlicensed.
The rest, I don't know about, I haven't checked.
Sorry I'm stupid on this matter but does that mean that those 4
Sorry I'm stupid on this matter but does that mean that those 4 are not legal since they are unlicensed? I do really appreciate your help on this and giving me correct advice.
They are unlicensed, so they cannot lend legally in Illinois. I
They are unlicensed, so they cannot lend legally in Illinois. Illinois requires any company doing business with Illinois residents to be licensed by Illinois. No license, no legal loans.
Illinois has actually taken action against unlicensed lenders in the past.
And you are not stupid, this stuff can be complicated. I just know where and how to look for these things.
And just in case there is any question, here is the license for
And just in case there is any question, here is the license for Payday One for Illinois:
Do you still have the contracts? That is the first place to sta
Do you still have the contracts? That is the first place to start. It should have the company name on it, as sometimes they are licensed under another name then they lend under. For example, Payday One is usually PDO Financial.
Then you go to the Illinois Division of Financial Institutions:
http://www.idfpr.com/dfi/default2.asp
To search for Payday Loan licenses & Installment Loan licenses:
http://www.idfpr.com/dfi/LicenseeSearch/frmSearchLicensees.asp
I did not find Integrity Advance, LLC or LTS Management(Loan Sho
I did not find Integrity Advance, LLC or LTS Management(Loan Shop) on the license database. I hope I was doing it right. Do you have a sample letter to Cease & Desist so they will not call my place of employment or is this legal for them to do?
The original creditor does not legally have to follow a cease an
The original creditor does not legally have to follow a cease and desist letter.