PDL's are a headache

Date: Sat, 12/13/2008 - 13:49

Submitted by anonymous
on Sat, 12/13/2008 - 13:49

Posts: 202330 Credits: [Donate]

Total Replies: 6

I have 5 loans from various online lenders and just cannot gain footing to pay any of them off. The intrest alone totals $350. Some of these lenders have drafted enough to cover what was originally borrowed and of course it covers their ridiculous intrest and fees. I finally decided to freeze my bank account to prevent them from snatching this pay period. I live in the state of NC and know that such loans are prohibited in my state. Are loans from online venders prohibited as well or do they apply for whatever state the loan came from. I'm at the brink of closing my account . I have every intention of paying what I owe but refuse to pay anymore intrest to to these companies.

In North Carolina Internet payday lenders are not legal, either

In North Carolina Internet payday lenders are not legal, either because of restrictive laws, or because the state does not license companies not located in that state, but requires a state issued license to lend. I am moving this to the payday loan section.

lrhall41

Submitted by Shazzers on Sat, 12/13/2008 - 14:48

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PDL's are a headace

My loans are through paydaymax.com, speedypayday.com, Kenwood scvs, Arrowhead Investments, and webpayday.com. Does anyone have any info available for these companies.

lrhall41

Submitted by on Sat, 12/13/2008 - 16:49

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Payday max - Also known as Credit Protection Depot Paydaymax s

Payday max - Also known as Credit Protection Depot
Paydaymax
support (@) CreditProtectionDepot.com

Arrowhead Investments
PO Box 415040
Kansas City, MO 64141

Web Payday is not licensed to lend anywhere in the U.S.
WebPayDay
320 West 200 South, Suite 350-B
Salt Lake City, UT 84101
Phone: 1-800-814-5451
Fax: 1-800-814-4960

lrhall41

Submitted by Shazzers on Sat, 12/13/2008 - 20:00

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PDL's are a headache

Currently I've frozen my bank acct to stop any additional drafts. Can these licensed companies later decide they want to sue for any unpaid balances?

lrhall41

Submitted by on Sat, 12/13/2008 - 22:19

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If they are legal lenders then they may sue you in civil court a

If they are legal lenders then they may sue you in civil court and seek a judgement to garnish yuor wages.

Search this site for your loan companies and determine if they are illegal. If they are then you only owe the principal on the loan. If they are legal then contact them and make payment arrangments.

lrhall41

Submitted by nohiogal on Mon, 12/15/2008 - 02:12

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If they are payday lenders, they are NOT legally lending to N.C.

If they are payday lenders, they are NOT legally lending to N.C. residents, which means they can NOT seek judgment against you.

lrhall41

Submitted by Shazzers on Mon, 12/15/2008 - 06:39

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