PDL in Tennessee
Date: Thu, 02/23/2012 - 10:46
I am in over my head with PDL and would love some advice. I am able and willing to pay back the principal for all loans (over time), but the interest and fees are keeping me from getting out from under these and at least half my paycheck is gone each payday with just interest and fees..
Magnum Cash Advance - $1500
Ameriloan - $400
Plain green Loans - $800
Cashcall - $1600
1. I'd like to close my bank account and contact the lenders to work out payment of the principal balance. But I am worried about their ability to garnish my wages if I do this - can they garnish without going to court and getting a judgment against me?
2. I know PDLs are legal in Tennessee but none of these lenders are licensed there. Does that make the loans illegal automatically?
3. Are Plain Green and Cashcall even considered PDLs? They call themselves "installment loans" so will PDL laws not apply to them?
Thanks for your help and advice.
Magnum Cash Advance - $1500
Ameriloan - $400
Plain green Loans - $800
Cashcall - $1600
1. I'd like to close my bank account and contact the lenders to work out payment of the principal balance. But I am worried about their ability to garnish my wages if I do this - can they garnish without going to court and getting a judgment against me?
2. I know PDLs are legal in Tennessee but none of these lenders are licensed there. Does that make the loans illegal automatically?
3. Are Plain Green and Cashcall even considered PDLs? They call themselves "installment loans" so will PDL laws not apply to them?
Thanks for your help and advice.
All but CashCall are definitely illegal. CashCall could be il
All but CashCall are definitely illegal.
CashCall could be illegal too. Did you go directly to CashCall for the loan or did you get the loan via Western Sky and it was transferred to CC?
PDL in Tennessee
For Cashcall - I applied to Western Sky but even before the loan was approved/finalized, it was transferred/assigned to Cashcall so all my documents have Cashcall on them. Legal or no?
All illegal. Follow the steps in my signature link.
All illegal. Follow the steps in my signature link.