Wanting Information
Date: Sun, 09/13/2009 - 18:47
I am a new member to the forum. I've been reading and using information from this sight since about mid July this year, but just decided that I'd like to be a member in this forum. I reside in KY and am working through paying off my principle balances.
Unfortunately I've been in the cycle of using PDL's for about 3 years prior to this and I've always been what would be described as an excellent customer always paid all fees and on time. Recently this endless cycle has caught up with me and created a hardship for me. Same stories as several other people here, it sounds like.
My question. If I have a defaulted internet loan am I able to apply the previous fees that I've paid (and it kills me to think about how much money that actually is) to these companies to the principle currently outstanding?
Unfortunately I've been in the cycle of using PDL's for about 3 years prior to this and I've always been what would be described as an excellent customer always paid all fees and on time. Recently this endless cycle has caught up with me and created a hardship for me. Same stories as several other people here, it sounds like.
My question. If I have a defaulted internet loan am I able to apply the previous fees that I've paid (and it kills me to think about how much money that actually is) to these companies to the principle currently outstanding?
Yup, you may be able adjust the payments towards the principals
Yup, you may be able adjust the payments towards the principals since internet payday lending is illegal in KY.
By the way, who are these lenders? You may need to check their licensing status before taking action against them since many of these internet lenders are doing perfectly legal businesses by offering installment loans. The laws as well as the process of dealing with these companies however, are different from pdls.
