13 pdls!! help!

I would fax and e-mail them the letters(as described on this website) and state the original amount of the loan, what you paid, and that you expect a refund.

I would apologize to your husband and see if you can repair your marriage; discuss the reasons you took the loan out etc. We all do stupid things at times. Get marriage and financial counseling, if possible.
But at least you've overpaid your loans and won't have to shell out additional money. Hope everything works out for you.

It is a lot more complicated than me just apologizing. This is the 3rd time I have gotten us into trouble - each time asking him to please take over the finances and going to counseling - but he didn't and counseling just didn't really work. I need to go by myself - I have issues with him that can't be discussed in front of him. But that is all for a later time - I really need to find out waht can happen to me with this fraudulent title loan I took out.

I keep trying to change my user name - I don't want it displayed like that - why won't it change?

Problem in PA is the law still isn't settled on payday loans. For years the Department of Banking said that if the lender was licensed in another state, the other state's laws applied. That was supposed to change in February, but only as to loans made after Feb. 1. Older loans were grandfathered. On top of that the Department never took any enforcement action against UNLICENSED lenders, either.

The policy never went into effect. CashNetUSA sued and got an injunction against the Department changing its policy. In July the Commonwealth Court ruled in favor of the state. CashNet is appealing to the state supreme court. Although the Department could, theoretically, go after lenders now (at least ones that made loans after the lower court ruled) it has not done so and appears to be waiting until the courts have resolved the issue once and for all.

My point is you probably won't get a whole lot of help from your regulators. But you can and should familiarize yourself with the Consumer Discount Company Act, the Loan Interest Protection Law and other Pennsylvania statutes respecting debt collection. That way, when the collectors call and make crazy threats, you'll know what the truth is and can't be fooled or scared into paying.

so are you saying that I can't just send these letters to the pdls stating I only want to pay the principal? It doesn't work that way for PA? I thought that someone on here had it listed that they are illegal in PA. I am so confused now. I though that part of my problem had a solution at least.

I am confused now - I have been reading all these posts and was under the impression that these pdls were illegal and I would only have to pay the prinicipal back? I am not trying to get out of paying them back - just not all the interest.

Lenders include:
CashnetUSA
Cashtransfercenters
Ameriloan
One Click
One Step
Integrity
Impact Cash
Eastside lenders
Instant Cash
JHS Marketing
Namakan Capital
Pack Management
My Cash now

I'm saying that if the lenders were licensed somewhere and the loans were made before July 8, 2009 (when the Commonwealth Court entered its decision) the loans are legal. That doesn't mean the lenders are going to sue or take you to arbitration. Very few ever do that, even in states where pdl's are completely legal.

Even if you were in a state where there was no question marks about pdl's being illegal, it isn't as if you send the letters and these guys just go away. They hound you morning, noon and night until they either get paid or accept that they won't ever get money out of you. They threaten to have you arrested. They call anyone you listed as a reference and even your employer. It's all nonsense, of course, but they count on you not knowing better or, if you do, on you not being able to find there physical addresses to sue them. And you have to be strong to deal with this stuff. It does eventually end, but for about 60-90 days, your gonna be living a nightmare.

So I have to count on owing more than the principal at this point. Still no advice about the title loan issue?

have you tried a debt consolidation company?

Did you drive to Delaware to get your title loan? It's one thing to argue that PA law applies if you did the loan from your computer in PA, but if you went to Delaware to get the loan it's a different story. Kind of like if you live in North Carolina where the speed limit is 70. It doesn't mean you get to do 70 in New Jersey where it's usually 55 and never more than 65.

even with the old rule.the only supposed legal one is CASHNETUSA.the others are not licensed period.they may claim that they are,but they are not.go to the dealing with illegal lenders sticky.it will show you how to gain control again.as far as cashnetusa goes.you will have to work out a repayment with them.i don't know about the title loan as the laws vary state to state on those.i would talk to them too about repayment.the others are illegal and the sticky will help.

the issue with the title loan is a bit different. it is not that I don;t want to pay it off - it's that I dont actually own the car - the title was sent to me accidently when I bought it and not to the lender. So I used that to get the title loan. The title was then sent back to me and it is in my possession. I am current on my loan with the original lien holder - but tomorrow I will have missed my first payment with the title loan holder. Can they take my car from me if they dont own the title? What other ramifications might there be?

So what should I put in the letters regarding the State of PA since the laws are not clear at this point. The only definitive thing I can find is on storefront lenders. How do I tailor the letter for the pdls for PA?

just send the letter with your state laws.again the only one you need to worry about is CASHNET USA.as far as the title loan.just go there and give it to them.they might appreciate the honesty.if you keep it then they might get nasty.best to be upfront on this.

I can't give the title to the title loan company becaue it belongs to the original lender since I am still making payments to them. I should just send it to the original lender and be done with that.

You may have bigger issues with the title loan than just whether you can make a payment or not. You're saying that you borrowed against a car you knew wasn't yours. I suggest that instead of posting about it on a public board under what appears to be your real name, you contact an attorney.

agreed.

fraud is processed in criminal court. you will end up with restitution and possible jail time. I would contact an attorney.