Pdl help in nh
Date: Mon, 05/03/2010 - 11:46
Hello,
I took out a pdl with The Loan Shop On - Line for $200. They now say I owe $560, $200 plus $360 in bank fees. My bank account is now closed as I could not keep up with the fees. They called me at work today and were very rude. After reading on this site I don't believe they are licensed in the state of NH? I am willing to pay what I borrowed but the $360 in fees plus the fees I now owe my bank on the closed account I can't afford. Could you please tell me what my rights are with this company? They have threatened to call my employer to pursue wage garnishment.
Thank you
I took out a pdl with The Loan Shop On - Line for $200. They now say I owe $560, $200 plus $360 in bank fees. My bank account is now closed as I could not keep up with the fees. They called me at work today and were very rude. After reading on this site I don't believe they are licensed in the state of NH? I am willing to pay what I borrowed but the $360 in fees plus the fees I now owe my bank on the closed account I can't afford. Could you please tell me what my rights are with this company? They have threatened to call my employer to pursue wage garnishment.
Thank you
Hi, In order to counsel you in a better way,I need to know some
Hi,
In order to counsel you in a better way,I need to know some information from you regarding this..For how many months you are behind with your payments? & Are this accounts in collections?
LOan Shop is NOT licensed to lend to your state residents. CLICK
LOan Shop is NOT licensed to lend to your state residents. CLICK HERE to find out how to deal with unlicensed lenders.
Since Loan Shop is not licensed in your state, you would not be
Since Loan Shop is not licensed in your state, you would not be obligated to pay anything more than the amount that you owe as principle. However if they still harass you to pay the extra amount then I guess you can take legal help. Get in touch with the Attorney General if needed.
Quote:Originally Posted by ShazzersLOan Shop is NOT licensed to
Quote:
Originally Posted by Shazzers LOan Shop is NOT licensed to lend to your state residents. CLICK HERE to find out how to deal with unlicensed lenders. |
Thank You. I found the form letter which I think will be very helpful. Is it as effective to email them or do I need to send it? Where do I find NH specific laws on PDLs? If I understand this correctly I only need to pay them the $200 that I borrowed? My bank account is already closed. I should only pay them by mail not a moneygram as they are requesting or debit/credit card?
Thank you so much for the information.
Rebecca
Quote:Originally Posted by AnonymousThank You. I found the form
Quote:
Originally Posted by Anonymous Thank You. I found the form letter which I think will be very helpful. Is it as effective to email them or do I need to send it? Where do I find NH specific laws on PDLs? If I understand this correctly I only need to pay them the $200 that I borrowed? My bank account is already closed. I should only pay them by mail not a moneygram as they are requesting or debit/credit card? Thank you so much for the information. Rebecca |
All you need to pay them is the prinicipal amount you borrowed less any payments you have made so far. Just shoot them and email but make sure your bank account is closed BEFORE you send that email. Your state laws are below:
http://www.paydayloaninfo.org/stateinfo/NH.asp
You can download the list, just click on : [URL="http://www.nh.gov/banking/ListSmall.xls"]Licensee Database[/URL]