pay day loan hell
Date: Tue, 09/09/2008 - 10:02
First of all I just want to say thanks so much for this outlet.. I thought I was alone and felt pretty stupid. I have several payday loans out ,in fact I think it is around 8 at this time. I fell into that cycle of getting one to pay another one and at this time I just can not keep afloat.
I chose to close my checking account today after reading many post. I have been in contact with most of my loans but there are a few that just will not give me contact info.
Does anyone know how to reach Northway lenders and instantcash usa?
also what can I expect to happen in the next few months in regards to these loans? Will I be contacted when they are unable to get thier money? will they work with me in regards to payment options? They will not just go ahead and garnish my wages will they without trying to reach me? Maine has no laws with pdl.
Any help,advice anyone can give me would help me so much thanks
I chose to close my checking account today after reading many post. I have been in contact with most of my loans but there are a few that just will not give me contact info.
Does anyone know how to reach Northway lenders and instantcash usa?
also what can I expect to happen in the next few months in regards to these loans? Will I be contacted when they are unable to get thier money? will they work with me in regards to payment options? They will not just go ahead and garnish my wages will they without trying to reach me? Maine has no laws with pdl.
Any help,advice anyone can give me would help me so much thanks
Most pdls will work with you, some will try and intimidate you.
Most pdls will work with you, some will try and intimidate you. what do you mean "Maine has no laws with pdl." are they not legal? if they are not licensed the loan is not valid and you will owe nothing! I found this out on this site! it is a sanity saver. good luck
maine
Maine lets the PDL charge wahtever they want- they have no laws regarding how much they charge and how much you are allowed to borrow. I tried to work with instantcashusa but all i got was a email for the manager named Mike. They stated they are unabe to let customers talk with the manager it is the policy.
Maine requires internet based pdl's to be licensed by your state
Maine requires internet based pdl's to be licensed by your state.
Quote:
Maine State Information Legal Status: Prohibited - Permitted for supervised lenders Citation: Maine's UCCC applies. 9-A Me.Rev.Stat.Ann. 2-401. Supervised Lenders are exempt from 32 M.R.S.A. 6138(4)(D) which prohibits a check casher from cashing or advancing any money on a postdated check. Small Loan Rate Cap 30% per year on amounts up to $2,000 or a fee of $5 for amounts financed up to $75; $15 for amounts financed $75.01-$249; or $25 for amounts financed of $250 or more. Where to Complain, Get Information: Regulator: Maine Office of Consumer Credit Regulation Address: Department of Professional and Financial Regulation, 35 State House Station Augusta ME 04333 Phone: (207) 624-8527 Fax: (207) 582-7699 Regulatory Contact: William N. Lund Director |
