papercheck payday loan

All sorts of PDLs are prohibited in your state. As a result, you're not legally bound to pay a single penny more than the actual amount borrowed from the lender. You can contact the Department of Insurance, Securities and Banking to inquire about them and file a complaint against them. Click on the following link to check out how to deal with illegal lenders: http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html

Quote:

Shorty, was this a store front loan or Internet loan? Did you write a post dated check to obtain this loan?

Quote:

sorry, forgot to put my name before replying.

I took this loan out on the internet. I did not write or send any copies of any checks or anything at all. I just signed the agreement over the internet and the money was sent the next day.

Shorty, click on the following link to check out the law regarding your states' payday loans: http://www.disb.dc.gov/disr/frames.asp?doc=/disr/lib/disr/pdf/deferred_deposit_check_cashing_(payday_lending).pdf

Quote:

thanks for your help. I will deal with them and hopefully we can settle this. I already gave them $300 for a $200 loan. That's a lot.

I wrote the letter two days ago and e-mailed it to them, but still no answer, I've been ckecking my e-mail everyday. The loan is about 3 days in default and it just surprises me that they havent try to contact me yet. I did tell them that the only way I was dealing with this was over e-mails. is this a bad thing or a good thing?

You'll hear from them. They'll likely give you some BS story about how your state laws don't matter. Stand your ground and don't give in!

I just heard from them today, They called my cell twice in less than 5 minutes, and They've been calling my work too. My boss gave me a message with their phone number. Can I stop them from calling my work?

Probably not. The best way to get them to stop calling is to file those complaints. They will eventually tire of calling you if you ignore the calls and continue to communicate with them via email/U.S. mail but, since they're an illegal lender, there's not much you can do to make them stop calling.

Everyone that always complains that these loans are 'illegal' does that mean you are involving yourself in 'illegal' activity? If you got the money pay it back. You had to sign a contract and it is your own fault if you didn't read it

Although we on this website advocate paying back what you actually borrowed, in Shorty's example, we don't advocate paying $400 for a $200 illegal loan. That is highway robbery, and our friend might as well have had a gun next to his head, imho.
He needs to pay back his $200. Nothing else. And in his case, he's more than done that.

PDL, go spew your ignorance elsewhere. Most people got involved with these loans because they had a desperate need. They didn't know they were illegal until they got so caught up in the cycle they were drowning and had to seek help.

Do you honestly think it's ok for a company to loan you $300, take $90 out of your account every two weeks for a year and a half (which amounts to a little over $3500) and then tell you you still owe them the $300 on top of what you've already paid? That's what happened to me and it's BS!