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How have laws for online pdling changed for Ohio?

Date: Fri, 12/12/2008 - 08:21

Submitted by anonymous
on Fri, 12/12/2008 - 08:21

Posts: 202330 Credits: [Donate]

Total Replies: 2


Hi. I have several online pdl's out at this time and I am having severe difficulty with paying the fees that are required. I live in the state of Ohio and in November, the pdling laws in Ohio became the most strictest laws against pdling companies in the country. I have read the other blogs and suggestions regarding closing out bank accounts so that the ACH debits will cease. Is the online lending companies illegal in the state of Ohio now that the lending laws have changed drastically? Thank you for your advise.


Hi there...I'm not in Ohio and I'm also not an expert on the laws. My suggestion would be to post this question on the PDL forum so it can get some attention from those who will know better. Let them also know the companies you were working with...if they are internet or storefront...how much you've already paid as well as the loan amount.

I hope you find the info you're looking for!

~ Debra


lrhall41

Submitted by debrag_25 on Sat, 12/13/2008 - 18:45

( Posts: 220 | Credits: )


First of all, please list the following information so we can help you.
-Names of each pdl company.
-Whether they are store front or Internet.
-How much you borrowed.
-How much you paid so far.

I'm sorry to tell you this, but there is only one sure way to stop the withdrawals, and that is to close your account. If that isn't an option, then tell the bank to put a hard debit block on your account. Before you close your account, read this information at the link below. http://www.debtconsolidationcare.com/paydayloan/close-account.html

Please do not let any of these pdl's know you are going to close your account, until AFTER you have done it!


lrhall41

Submitted by Shazzers on Sat, 12/13/2008 - 20:03

( Posts: 17344 | Credits: )