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Internet Payday Loan Legality in your State

Date: Fri, 07/31/2009 - 10:20

Submitted by anonymous
on Fri, 07/31/2009 - 10:20

Posts: 202330 Credits: [Donate]

Total Replies: 7


I am writing to find out how can you find out if a payday loan is legal in your state. I am concerned because I have fallen vulnerable to pdls and now I am trapped by them. I want to pay them back, but they are not willing to negotiate with me. I deal with usfastcash.com, 500fastcash.com and discountadvances.com. They are not willing to allow me to work things out so that I could pay them off. I offered to pay the fees, and then break the principle into two pymts, but they declined and said that I would be renewing if I just pay the interest fee, which means it would be an ongoing thing withdrawn from my account. So I need to know if they are legal in louisiana.


to the OP.all three of those places are illegal everywhere.a copule of questions.

how much borrowed from each
how much debited by each total include every rollover.
just for clarity what state are you in.

answer those questions and we can help you here.


lrhall41

Submitted by paulmergel on Fri, 07/31/2009 - 10:35

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for one thing usfastcash and 500 fast cash are illegal lenders, doesnt matter what state you are in. You only owe them the principal amount.

I have found the only way payday loan companies will work with you is to close your account, and let the loans default. That is sad. When mine were current and they were hitting my account they would not work with me at all.

When I closed my account, let the loans default I was able to work out payment plans with them all. It also ended the NFS charges so in turn it allowed me to be able to apply more to my payments to them. As long as we make it is easy for them to jerk the money out of our accounts the dont care what kind of struggle it puts on us.


lrhall41

Submitted by on Fri, 07/31/2009 - 10:36

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I'm sorry to tell you this, but there is only one sure way to stop the withdrawals, and that is to close your account. If that isn't an option, then tell the bank to put a hard debit block on your account. Before you close your account, read this information at the link below. http://www.debtconsolidationcare.com/paydayloan/close-account.html

Please do not let any of these pdl's know you are going to close your account, until AFTER you have done it! CLICK HERE to find out how to deal with illegal lenders.


lrhall41

Submitted by Shazzers on Fri, 07/31/2009 - 10:39

( Posts: 17344 | Credits: )