Help with PDL/Installment loan in SC from First Bank of Delaware
You need to contact the South Carolina State Board of Financial
You need to contact the South Carolina State Board of Financial Institutions in order to find out whether or not First Bank of Delaware is legal to operate in your state. If they are not legal, then no one can force you to pay them more than the principal balance. Unless, they are legal in your state, no one can take any legal actions against you. So, the question of wage garnishment won't arise. Also, you should contact the collection agency and ask them to validate the debt. If they cannot validate the debt, then you shouldn't pay them anything.
The contact detail of the South Carolina State Board of Financia
The contact detail of the South Carolina State Board of Financial Institutions is as follows:
# Address - Consumer Finance Division, P.O. Box 11905 Columbia SC 29211
# Phone - (803) 734-2020
# Fax - (803) 734-2025
I hope the following link may help you in this regard:
http://www.debtconsolidationcare.com/letters/sample6.html
Hi, It is good that you closed down your bank account otherwise
Hi,
It is good that you closed down your bank account otherwise they might have debited money from your account. If this PDL is illegal then there is nothing to worry as you can just pay the principal amount and be done with it.
However, if it is not then I would suggest you to take professional help for debt settlement and quote the amount that you can pay. Since the settlement companies are not allowed to charge upfront fees, you won''t find the process too costly.
Submitted by scarlett.brooks13 on Sat, 09/24/2011 - 05:14