Storefront PDL in Kentucky

If it were me, I would put in writing an offer to make payments for the amount owed and would send a money order with the first payment enclosed, I would then send it certified return receipt mail, this way IF they do decide to take you to court, you will have PROOF to show the judge that you made attempts to pay this loan. Most likely, by the time they get a court date the loan will be almost paid off, depending on how soon they decide to pursue court.

So am I correct in my understanding of the law? Thanks!

OK, finally got logged in - so are my interpretations of the law correct?

I also have IPDLs with OneClickCash, Think Cash, and US Fast Cash. I've made several attempts to contact each one of them but either get no response on the "runaround". They also never reply to emails. I want to pay these to make them go away but have not had any luck talking to them. I closed my checking account, as well as filed complaints with the BB and FTC. I was concerned about wage garnishment but can they do that if theyre not licensed in your state?

Just curious. Thanks again!

John

So today wsa the day, that "Stephanie" demanded I pay her the full amount. I called, as I couldnt handle the process in person, to see if I could make a payment.

I offered to make a payment and further arrangements. T

This time, "Mileena" the manager said that she wouldnt take payments as I was about 3 days late over a year ago. I remember this as I was out of town on business and gave them advance notice - and they were cool with it.

She tried a number of intimidation tactics but I held firm in offering her payment - telling her I had always paid them and why go to the trouble of filing a lawsuit when, by the time the suit rolled around, that it would be paid. She refused to listen and said I would be served, my name in the paper, and whether or not I came to court - that they would get judgement against me.

At this point, I stated the law to her in Kentucky. She said that their company did not take payments and didn't have to. I told her it was a shame and I would take appropriate action.

So I filed complaints with the BBB, FTC, and Kentucky Attorney General. Next, as advised, I plan on sending them a certified letter with return receipt offering my payment plan. What do you think will happen?

Any advice?

Thanks!

John

I think they will continue to try to intimidate you with threats of a lawsuit, and if they do file a suit against you-so be it. If you are making attempts to resolve this let them create their own headache. I would send them payments via money order with my payment proposal, let them do what they need to do, if you don't have the money to pay them off there isn't mush else you CAN do, you are trying to do the right thing which is more than some people can say. Payday lender employee's aren't too bright, otherwise they would go get a REAL job. lol! JMO!

post deleted...insults are not tolerated especially by an internet pdl employee.i wonder which one?since 95%are illegal the reason you are succesful up till now is because people who haven't been to this sight.the number is growing so enjoy your ill gotten wealth while you can because it will end.sooner rather than later..paulmergel

Paul,

Not sure what PDL Employee said, but Shazz is out of line with their statement above about payday lenders and thier employees intelligence. Whether I always agree with your stance or not, you reposnsibility here is to help, not slander.

well she said they were succesful fine.but the real uneducated come to this forum is also out of line.

PDL Owner wrote:
[quote]Paul,

Not sure what PDL Employee said, but Shazz is out of line with their statement above about payday lenders and thier employees intelligence. Whether I always agree with your stance or not, you reposnsibility here is to help, not slander. [/quote]

JMO (just my opinion) - that is what I typed AFTER I made the statement BUT-alright then, you have a point when you say I am out of line for voicing my opinion about pdl employee's. Hmmmmmmmmm, I do find it quite interesting that a "PDL Owner" misspelled a couple of words. (thier - should be "thier", AND reposnsibility - should be "responsibility". ) Just sayin'!!! :shock: :lol:

I'll give you that, but posting improper assumptions and incorrect facts do not help the poster looking for help.in the "quick reply" makes it a little tougher to spell check!! Also, my response was filled with agitation...

Another poor example...

One of the kids sidetracked me....

Would both of y'all either play nice or get a room?

PDL Owner wrote:
Quote:

You're correct wulf. It just seems odd that Shazz can question our inteligence when all that we have done is put together a business plan, brought financing together, opened the business and continue to operate within the confines of the regulation of the the state where we are located. On ther other hand, the folks that live beyond their means and feel that it is appropriate to apply for 6, 8, 10 PDL's, not read the terms and then want to blame the industry for them not being able to pay back thier obligation is misguided.

Now, I agree totally with the message here regarding off-shore and illegal lenders, but it is a caes of "buyer beware". If you are going to borrow money, you need to be aware of the terms, repayment process and find out who you are doing business with!!! Do NOT blame the lenders that are operating with the reulations of your state, these are the guys that are fighting for your rights and would like nothing more that to have illegal lenders put out of business.

I'm done arguing with Shazz...

i can't speak for anybody,but my deletion of the ipdl troll stands.i understand why you owner would be offended.you have been a suprise to me so far.an actual PDL person whether you are an owner or not isn't the point.you have represented the opposite point of view magnificently.that being said the poster i deleted was speaking as an INTERNET PDL employee.plus there last statement about the people who post here being uneducated wasn't going to stand.in fact i encourage people to ridicule and insult trolls from the ipdl industry.they are one of the big reasons this forum exists owner.again if your offended i understand,but shazzers is also entitled to her opinion on pdl's too.

I never saw the post from the troll, so I will take your word on what was said. Based on the other posts that have since been deleted, I can only assume...

I welcome the opportunity to share my knowledge and experience. As of today, I have run approximately 100 stores for one of the major companies, started my own company and got into the business by assisiting in the start-up of another company. This has all taken place over the last 12 years.

There are a few issues that I see on this forum:

1. Failure to seperate legal from illegal lenders. The product has a purpose and there is a demand, if a person needs to borrow money, send them to a legitamate lender and don't leave them blindly searching.

2. Failure to expect the borrowers to take responsibility for THEIR actions. As with any addiction (and taking out 6, 8 10 PDL's is heading towards that even though it may be a poor choice of words) is accepting responsibility for ones actions.

3. Providing good information, but not total information. Finally, the other day one of the Mods explained that the letters that borrowers are advised to send will only have "teeth" for 3rd party collectors. The information that you are providing sounds great and is for the most part beneficial, but when only providing it from one side (let's call it the victim side) it can create a false sense of security.

I will continue to pass on opinions from the "otherside" and avoid arguing with Mods moving forward.

you have presented your side with intelligence and eloquence.
if all connected with the pdl industry was as you are everything would be better.

Thanks for the compliment. Unfortunately, the few are louder than the masses. If you read thru these threads, there seems to be 10 or 12 lenders who's names keep coming up. I can assure you that there are 100's, if not 1000's that you never hear a word about because they are licensed, regulated and "play by the rules". It is that same thing with customers, the only ones that ever are heard from are the ones that voluntarily get in over thier head. These are the people that go to every store front in town and every site on the internet to borrow money and then blame the businesses that fulfilled thier request. Very seldomly will you ever hear anything for the 90%+ that want, need and demand the product.

Contrary to what some may want to believe, the legitamate lenders are not in business to lose money. We approve customers based on the information that is provided AND do refuse to loan to people that have had issues. For members of the CFSA, the Best Practices state that members have an obligation to the borrower to essentially not bury them in unnecessary debt.

I agree with pdl lender talking about legitimate lenders..I have a company that does a "no credit check financing" giving the worst of the worst borrowers a "last" chance at lending they however look at their last bank statement...if pdl loans show up....NOT GONNA HAPPEN any more GRACE periods!