If in maryland>>>please read

why don't you start your own site.you can call it
let'stakeoutloansandnotpaythemback.com
this site does advocate at least paying back what was borrowed.you have been on more than one thread,and i don't welcome your point of view

Did you return the money back to the PDL when it was deposited to your account? I'll take a wild guess that you didn't, and that you used the money. You got money you needed when you needed it. As a matter of principle, you should pay back what they lent you.

I actually did pay the money back plus the interest, although after speaking with the Maryland Commission Office of Financial Regulation who recommended not to because they are illegal and pending lawsuit. My intentions were definately not to take advantage of the companies and I had full intent to pay back until I got overwhelmed and at that popint I had paid back double what I borrowed. I found this site trying to find relief like everyone else and advice like everyone else. I was just trying to offer help to those who are drowing in Pay Day loans.

I will try again
Please understand that if you do not agree with the "stepfords" on this site, then you are treated rudely.It is an open forum and people should feel free to voice their own opinions

I am not telling people not to pay back.... I am letting people know the "LAW". This is not my opinion, it is fact, written law by state of Maryland. These pay day companies, are illegal, breaking the law everyday, there are people who use htme over and over, these compnaies are illegally collecting money. If someone, who is sincere and honest, and didnot have intentions of taking money and not paying back but got in a bind, really need help./....... Whay should they not know there legal rights???????

well in your other posts you basically gave the same info.fine,but i will do what's right.even if it's against what's legal.money is borrowed.at least the amount borrowed should be paid back,or every reasonable attempt should be made to do so.i'm not changing that opinion.you keep yours,and i'll keep mine.

If you kept your opinions to yourself things might be better. Just asking, Why do you think you are so much better than other people, No one cares that much about you
this is the same idiot with an axe to grind with me.shove off...paulmergel

I also had 7 payday loans in the state of MD that were taking my entire paycheck twice monthly in a attempt to repay what I borrowed. When I took out these loans I was not aware they are illegal in MD and I had every intention of repaying them. It was not until I found this website in a attempt to get some help and contacted the MD Office of the Commission of Financial Regulation that I was informed of the MD law that states any lender making illegal loans in MD forfeits the interest and principal. When they open up a investigation the first thing they tell you is to stop paying and they take it from there. The commission's rational is that since these illegal companies are determined not to follow MD law, maybe if they start losing enough money in MD they will stop their internet lending here. So, it's a solution that's being slapped down by many on this board, but I bet if all the states enacted this law the illegal payday lenders would disappear over night.

You are absolutely right....... I had the same 7 pay day loans. I actually had paid two of these companies in full and taken out 2nd loans with them. I did the same, visited this site and talked to Office of the Commission of Financial Regulation. They advised me not to pay. Jus trying to help those in need. i wish I had of known my rights sooner. If they legally offered loan which would be only 2.75% month, then people would be able to pay back what they borrowed.

well since you wanna be that way this isn't an open forum and you just got got deleted.nobody here is a deadbeat,so take your humanoid rhetoric elsewhere.btw since you feel this is deadbeat site.i deleted your other entry as well.take off humanoid.

btw this was for guest 685 or 635.they are a humanoid.

btw guys.nobody here is disputing whether pdl's are legal or even enforceable.we however have always had the stance that if you borrow you should at least pay what was borrowed.it's a moral choice,but one we advocate,and always will.nobody is saying you are wrong,but morally we disagree.that's all.

btw they do monitor everything that is deleted.so they know what you have been posting as well.calling me a deadbeat is reason enough to delete you.

I know it's a moral choice, but by the time most people get to the point of finding this site their normal bills have gotten so far behind because of trying to do the moral thing and pay back what they borrowed that there is really nothing left. The illegal payday loan companies do not care about morals and they get back what they have loaned many times over in interest alone from borrowers who are trying to be morally responsible but there's always that brick wall that you run into when all the options run out. PDL's don't want to hear that your in a worst position than before you took out their loan.....they designed it that way. How moral is it to prey on people who are desperate just by considering a PDL and then making their situation worst. I say good for the lawmakers who made the law, there's a resaon for it I certainly will not lose any sleep because PDL's don't get their money back due to the fact that people learn the law and understand their rights and have a agency that will go to bat for them!

illegal loans are immoral, i know first hand that they can make a broke person even more poor and that it sometimes gets to the point where people cannot make rent or buy food because of payday loans. i have been there and they are illegal in my state.
i understand what the law for MD says and i doubt i would lose sleep because illegal payday lenders lose money. However, on this board we try our best to give accurate and moral advice to these people who are in trouble and scared.. we never once said to give in to illegal lender's demands, but we do believe that what was borrowed should be paid back. this is something i personally agree with 100%.. to say otherwise and to advise otherwise would not only discredit our board but would also discredit the same good people that you have mentioned.. your post seems to hint that people paying back what was morally owed will give the company a gain and that is not true.. for those who over-paid we always said to demand a refund and we always say to pay back the illegal lenders in a time frame that you can afford.
your heart might be in the right place but it goes against what our board stands for, and that is why we dispute this.

Thank you I really personally appreciate the information. I lived in Maryland and I have payday loans. Question is, how can you tell if they are illegal.

no pay day loans are legal in md

Please remember that there are pdl's operating as cso's in MD. IF you are dealing with a cso they do not follow pdl laws

good point resident.that is true.if a place is operating as a CSO(credit service organization)the pdl laws don't apply.

Whether you live in MD or anywhere else, many many times if you TRY to offer a payment plan to the PDLs to pay your the amt. of the loan, they don't want to cooperate. I agree people should pay what they owe but if the PDL isn't willing to work with you to pay the loan amt., then that is their loss.

another great point.you should make every attempt to pay the principle,but if they don't see it that way.that's too bad for them.

i do agree on that, i always would say to pay what was borrowed but if they will not put in writing that that will pay off 100% what you owe, or will not provide an address, etc., than it is their loss.