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multiple pdls

Submitted by on Mon, 06/16/2008 - 09:50
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Hi I need help, I live in Wisconsin and have multiple online pdl's I am wondering the process of getting these paid by myself. here are the following loan
loanpoint $300 + $90
I live in Wisconsin and have multiple online pdl's I am wondering the process of getting these paid by myself. $300 + (0
upfrontpay 500 = 150
usapayday 150 + 45
quick cash 300 + 75
netcash 300 + 90
zip cash 300 + 90
instant loans 400 +120
payday loan 350 + 105
Thanks in advance for your help


hello, I'm not an expert and cannot offer too much advice but if you stick around, someone will be by soon.. this board has helped me so much, i had three payday loans which may not seem like a lot but it was the same three that i kept getting over and over to pay off the others with. i had loan point usa - is that the same as the one you had? it's been since april and they are still giving me problems. again, good luck..
btw, have you paid anything on any of these yet??


Submitted by bea2ls on Mon, 06/16/2008 - 09:52

bea2ls

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Don't feel stupid, I'm there with you, I still haven't figured out these laws and how they work, so I am right there with you. There are many people here who are pretty much experts at interpeting these laws though. Have you secured your bank account yet? Are there any scheduled debits from these companies which are due soon?


Submitted by Shazzers on Mon, 06/16/2008 - 10:13

Shazzers

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Little Loan Shoppe is a pdl, I have closed my bank account per the request of PDL Assistance. I was going to go throughtheir program but I came across this and read how some people are handling it on there own. I just dont know If I can,


Submitted by on Mon, 06/16/2008 - 10:20

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Lee...you have taken the first step in getting control of your PDL problem. As soon as they realize they do not have access to your money they realize that YOU are in control! :)

I believe you need to find out if your PDL (which are all on-line PDL's) are legal to lend in Wisconsin. If they are not licensed to lend to WI residents, then technically, the loan is void and you don't have to repay it. MORALLY, you could pay the principal amount you borrowed, but you are not obligated to pay their usurious rates and fees.

Deal with them one at a time and you will see how quickly these will disappear.

Spend some time searching this website and you will see that others have been in your shoes.

Best to you!


Submitted by desperatelyseekingsanity on Mon, 06/16/2008 - 11:45

desperatelyseekingsanity

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Wisconsin is a wierd state as far as the laws go and who they apply to. It's as follows:

If the pdl solicited the loan - They must be licensed in WI and follow WI laws.

If you found the pdl online - They only need to be licensed in a US State and would follow the laws of the state they are licensed in.


Submitted by goudah2424 on Mon, 06/16/2008 - 11:52

goudah2424

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Basically you'll need to find out where (if anywhere) these loans you have are licensed anywhere. Whatever state they are licensed in, are the state laws you will need to follow, by that I mean whatever interest rate, fees, etc. these states have, is what you will be obligated to pay. I am unable to search for licenses right now, but I will try to tonight, then perhaps with the help of someone else, we can compute what you will actually owe to each one. If I were you, my next move would be to hunt up addresses, and email addresses for each of these comapnies, and begin writing letters to them, Cease & Desist contact, also put into those letters that you are revoking ach transactions and any and all wage assignments you may or may not have signed. I am sure there will be someone available that can help you with the letters, and you can begin researching these companies by placing the name of them in the upper right hand corner of this forums's search box. That is where I would begin. Your account is already closed so that part is taken care of. :) Now you need to obtain addresses, or email addresses so you can get these letters sent out. You can work out payment attangements as soon as you take care of the letters. The wage assignment is important, and you will need to inform your payroll person so they don't attempt to take your wages. I know this is a lot to digest, but I am doing the best I can to explain. :) If anyone else would like to add anything or jump in here to help, please do !!


Submitted by Shazzers on Mon, 06/16/2008 - 13:10

Shazzers

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Hi all I live in MD and I have 6 pdl's. I have Been in touch with a company called Langhorne debt solutions cause I am in BIG trouble with this. Has anyone ever heard of them?


Submitted by on Tue, 06/17/2008 - 04:41

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I also have the NM law, Can someone please help me figure out if I am overpaying on my loans?


Licensee Database

Complaint Instructions

Complaint Form Link

Online Resources:
"The Debt Trap - Don't Get Caught! What You Need to Know Before Borrowing Money!


Submitted by on Tue, 06/17/2008 - 07:23

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Hi I am back again, I was wondering if anyone knows the corrected address for these 2 pdls, Instantloan & upfront payday and if they are legal. Also I would like to thank you all for all advice, I was nervous about doing this why by myself and was going to go thrugh pdl Assistance but changed my mind when I realized they are a scam, Thank god I received my money back from them with the help of WDFI


Submitted by on Fri, 08/08/2008 - 09:36

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