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Debtconsolidationcare.com - the USA consumer forum

Repayment of pdl

Date: Sun, 11/23/2008 - 08:45

Submitted by lboyer2001
on Sun, 11/23/2008 - 08:45

Posts: 6 Credits: [Donate]

Total Replies: 5


I took out a $400 pdl in August. To date, i have paid them nearly $900 and still owe $200 + fees. Do you think they would be willing to consider this debt PIF?


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.
-The state in which you reside.
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 Sun, 11/23/2008 - 09:28

( Posts: 17344 | Credits: )


my loans are with:
united cash loans-$300/pd $90 (renewal)
pdl loan center-$300/ $90 (renewal) due 12/5
Integrity Advance-$400-pd $880 (with $200+ $60) remaining

I live in Maryland


lrhall41

Submitted by lboyer2001 on Sun, 11/23/2008 - 09:59

( Posts: 6 | Credits: )


Maryland is known to have payday loan companies acting as CSO's (Credit Service Organizations). This means they do not need to be licensed, and are generally 100% legal in what they charge.


Quote:

Maryland State Information

Legal Status: Prohibited

Citation:
Consumer loan act applies. Md. Code Ann. Com. Law II ???? 12-301 et seq.

Small Loan Rate Cap
2.75% per month; 33% per year.

Where to Complain, Get Information:
Regulator: Maryland Commissioner of Financial Regulation
Address: 500 North Calvert Street Suite 402 Baltimore MD 21202
Phone: (410) 230-6100
Fax: (410) 333-3866
Regulatory Contact: Michael Jackson Director, Regulatory Policy


lrhall41

Submitted by Shazzers on Sun, 11/23/2008 - 10:55

( Posts: 17344 | Credits: )