PDL legality question
Date: Sun, 06/15/2008 - 16:19
Thanks so much!
lovee what companies are they? I am moving this to the Payday lo
lovee what companies are they? I am moving this to the Payday loan section so it will receive more attention. :)
thanks so much for moving it! they are: impact cash 500fast
thanks so much for moving it!
they are:
impact cash
500fast cash
ameriloan
paycheck today
eastside lenders
power funding
big ltd
I'm going to go ahead and post the Payday loan laws for Californ
I'm going to go ahead and post the Payday loan laws for California here (just select your state), but it would be great if you could post the amount borrowed and amount paid back, also are these all Internet loans?
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html
lovee3 I don't think any of those are legal or licensed but I'll
lovee3 I don't think any of those are legal or licensed but I'll let someone else confirm this. Also, I see no reason why you shouldn't send them a C & D letter, and you should also add into that letter you are revoking all rights to any wage assignments, also give a copy of that to your payroll person. :) Could you specify the terms of these loans that you feel are illegal, I am just curious about that.
Thanks! So even though at the top of the California laws it say
Thanks!
So even though at the top of the California laws it says "legal", they really aren't? That is what I am most confused about.
I will get all of the amounts and what I have paid so far in a few minutes.
Guest Wrote: Quote:Thanks! So even though at the top of the Ca
Guest Wrote:
Quote:
Thanks! So even though at the top of the California laws it says "legal", they really aren't? That is what I am most confused about. I will get all of the amounts and what I have paid so far in a few minutes. |
No, they aren't legal if they don't have a license, and how to find that out is to search through the Ca. Licensee Database HERE. Some ipdl's aren't licensed anywhere in the states, therefore that would make them illegal anywhere in the states.
Thanks so much...I will start working on that now and will e-mai
Thanks so much...I will start working on that now and will e-mail with any additional questions. You have all been so helpful. I will also get the amounts I promised last night and wrtie them down for you.
Not only is ameriloan illegal in California, but I believe they
Not only is ameriloan illegal in California, but I believe they have been banned from doing business there, like Sonic Payday. California has gotten stricter with PDL's, but I would like to see them banned completely, as they are in other states.
these are the places that i owe and what i have paid... usfast
these are the places that i owe and what i have paid...
usfast cash $350 paid $790
big ltd $250 paid $1900
eastside lenders $600 paid $1365
paycheck today $400 paid $720
netcash $500 paid $900
little loan shoppe $300 paid $360
impact cash $300 paid $180
I have another one with GFS that I am trying to find out when I originally took it out.