Kentucky and have EIGHT PDLs
Date: Thu, 03/12/2009 - 19:26
PayDayOne
PayDayLoanToday
Americash Advance
Zip19
CityView Cash (Red River)
PayDayLoanYes
ACC
LoanPointUSA
Internet PDLs are illegal in KY. Only store fronts are legal.
Internet PDLs are illegal in KY. Only store fronts are legal.
From the KY regulatory website.....
[quote]What is a payday loan?
A payday loan, also called a deferred deposit, is issued when a financial institution (a payday lender or check casher) agrees to provide cash in the amount of the customer???s next expected payroll check for a fee. These short-term loans are required by state law to be paid in full before another one can be issued, and customers may only have one payday loan at a time. Internet payday lenders are not regulated in the state of Kentucky and are therefore illegal.[/quote]
The only lender on that list that is mostly legit is PaydayOne. I have seen them give loans before to consumers in KY and I am not sure why as they are usually very above board as payday lenders go.
I have double checked the license database just to be sure and they have no license under PaydayOne or PDO Financial.
You can go here and learn more about dealing with illegal lenders.
How much did you borrow and how much have you paid back including any interest fees or rollover fees?
You only owe the amount borrowed.
I'm in KY too. I have dealth with a couple of these lenders. Ca
I'm in KY too. I have dealth with a couple of these lenders. Can you give us details on how much you borrowed and how much money (fees and all) you've paid so far. Be sure to register as a member (free). I can pm you some detailed information.
I'm in Kentucky too. I had 20 pdls at one time. I was able to
I'm in Kentucky too. I had 20 pdls at one time. I was able to get out of the mess thanks to the good people on this site.
Hang in there..
nohiogal, I have several e-mails from KY DFI that state ALL inte
nohiogal, I have several e-mails from KY DFI that state ALL internet payday lenders are illegal. INCLUDING PaydayONE REGARDLESS of what it says on their site.
That is good information. I thought maybe they were using some l
That is good information. I thought maybe they were using some loop hole as Payday One always appears to be on the up and up.
I will file that information away.
Not a problem.. I e-mailed them a few months back when another m
Not a problem.. I e-mailed them a few months back when another member from KY was getting conflicted information and that's what they told me. :)