My Cash Now - KY Internet Loan Question
Date: Tue, 07/28/2009 - 14:51
I received an email from MCN today indicating that they would settle for principle only being repayed, but they stated it must be in one lump sum payment and anything less would not be accepted?
I'm not opposed to working with them, but, my PDL's got me very behind on my normal bills and I need to get them caught up first. Does anyone know anything about MCN or dealt with them on a similar situation in the past.
What does MCN stand for? Is this an Internet loan? It seems to m
What does MCN stand for? Is this an Internet loan? It seems to me, they should be meeting YOUR terms, not the other way around. After all, they broke the law by lending to KY residents.
MCN is the lender (My Cash Now). Yes, they are an internet lend
MCN is the lender (My Cash Now). Yes, they are an internet lender. I also found out the in the state of KY residents are not permitted to have more than 2 PDL's for a total of $500. In addition, internet PDL's are illegal. If they want my money they'll have to work on my terms, I guess?
I noticed that you are a moderator - what does that mean? Are you affiliated with this website to provide advice?
I simply police the boards and offer advice. CLICK HERE to find
I simply police the boards and offer advice. CLICK HERE to find out how to deal with illegal lenders.
Hmmm?
I actually took out a loan with MYCASHNOW this month and I'm wondering why they even let me if the legislation has changed? Can anyone let me know where I can obtain copy of the updated law?
Thanks!