A couple of questions re: my pdl's
Date: Wed, 11/25/2009 - 06:33
I live in Kentucky, and have 6 internet pdl's...
DJR $600.00, paid 450.00 ( there wasn't even a deposit for 600.00, only 300.00)
Cash Jar $100.00, paid 300.00
Integrity $300.00, paid 450.00 (paid off)
Loanpoint $500.00, paid 650.00 (paid off)
Instant Cash $ ? 300.00, paid $100.00
Payday One $650.00, paid 1650.00
I have closed my checking accts, wrote out C&D letters, following the format that I found on here, tailored to Kentucky, and sent certified with receipt.
My questions are: Internet pdl are illegal in Kentucky, but I am confused as to Payday One? Are they a pdl? I do not find them listed as a licensed pdl on the status link for Kentucky.
Also, has anyone ran into a situation where money was deposited into their checking acct, and didn't sign anything for it??? I don't remember signing anything, or even accepting a loan from DJR or Instant Cash? But how would have they gotten a hold of my banking information?
I have included in my C&D letters a request for a "paid in full" letter and a refund for all monies paid above the principle and allowed fees.
Thank you for all your advice
RD
i am not familiar with payday one so excuse me if i sound ignora
i am not familiar with payday one so excuse me if i sound ignorant but why would that one not be a payday loan?
I suggest that you find them on the web, get the information abo
I suggest that you find them on the web, get the information about them and call your Banking Division or AG and ask them .
I read a post by Goudah2424, although back in 8/4/2008, that sta
I read a post by Goudah2424, although back in 8/4/2008, that stated,
Thread: 866-580-1227 from paydayone.com - still I owe them some money?
. . . Payday One is a legally operating company, and can take steps to collect on the loan.
This is why I am confused? I believe it also stated that Payday One was one of the few internet sites that is legal??
Quote:Originally Posted by bea2lsi am not familiar with payday o
Quote:
Originally Posted by bea2ls i am not familiar with payday one so excuse me if i sound ignorant but why would that one not be a payday loan? |
because PAYDAY ONE is under CSO,or installment loan.therefore the pdl laws don't apply to them.
This is so good to know, so when examining your pdls you can loo
This is so good to know, so when examining your pdls you can look out for this kind of situation. However, I would also find out if the bank is licensed in your state and if they are required to do so in order to do business with you. Additionally, like in MA there are statutes which govern rates of amounts under $6k. The MA law dictates that all lenders must be licensed by the Division of Banks. So I would really check on your state law. But, I would also suspect that IF an above-board bank is doing business in your state, they are abiding by the law, but then again, I think about all these others and think, businesses will try to make a buck by seeing what they can get away with. Just my $.02 after being here for a few days and having read most of the posts.
And again, thanks to the great people on here who are so knowlegeable and willing to share and help. Two weeks ago, I didn't know what I was going to do and had no one to share it with. Today I feel that it is manageable and as a result developed a great and supportive relationship with my bank. Now it is conquering patience and the anxiety without the fear.
Payday One must not be licensed in KY because they have a page o
Payday One must not be licensed in KY because they have a page on their website that says their services are not available in KY. That is funny because I have a PDL with them that was started within the last month or so. Here is the link.
http://www.paydayone.com/kentucky-loan-cost-and-terms.aspx
Payday One is NOT legal in KY -- I got my account marked PAID IN
Payday One is NOT legal in KY -- I got my account marked PAID IN FULL with help of the Ky Dept of Finance and the BBB. File complaints with both. In fact, Payday one recieved a letter from the legal dept of the Ky dept of finance stating they must cease and desist in KY a few weeks ago... (the lady i worked with at the dept of finance emailed me a copy).