Pdl help in pa
Date: Tue, 05/18/2010 - 07:25
GREAT SKY CASH original amount 200.00 paid over 600.00
3-midland market. original amount 400.00 paid 240.00
I'm in PA and the laws are so confusing! I was wondering if someone could give me some guidence. I just don't want to close my accounts if it's illegal to do so. I just need to get out of this before I can more in over my head.
Thanks in advance!
The first thing you need to do is find out whether the lenders a
The first thing you need to do is find out whether the lenders are licensed in PA. If they're not then all you owe is the principal. Closing your accounts is a bad idea, as it could lead to court imposed money penalties if the unlikely event you get taken to court by the lenders. You can find out if your lenders are licensed through the PA department of Banking
Payday loans are prohibited in the state of Pa., see the link be
Payday loans are prohibited in the state of Pa., see the link below.
http://www.paydayloaninfo.org/stateinfo/PA.asp
CLICK HERE to find out how to deal with unlicensed lenders.
Quote:Originally Posted by OVLG AttorneyThe first thing you need
Quote:
Originally Posted by OVLG Attorney The first thing you need to do is find out whether the lenders are licensed in PA. If they're not then all you owe is the principal. Closing your accounts is a bad idea, as it could lead to court imposed money penalties if the unlikely event you get taken to court by the lenders. You can find out if your lenders are licensed through the PA department of Banking |
What are you talking about? Closing the account is the best possible way to protect their interest, especially when you have unlicensed lenders debiting your account. It is the ONLY way to assure these lenders will not steal - the original posters money! What is wrong with you? Are you even doing ANY research on these matters?
so i'm assuming i need to close my account or stop them from mak
so i'm assuming i need to close my account or stop them from making ACH debits. My bank told me I can do that! I was just a little worried about them using a different company name and still get the money somehow. I realize I still owe the one company about 250.00 which i'm willing to take care of, just not directly out of my account.
i'm doing alot of reading and trying to figure this out. Thanks so much for your input!
Are you sure you owe them anything? They're illegal lenders. You
Are you sure you owe them anything? They're illegal lenders. You only need to pay back the principal of the loan. It looks to me like Great Sky owes you $400. Is the $240 you've paid only "interest"? You likely only owe $160 on that one.
Closing the account is the best way to go but if you HAVE to kee
Closing the account is the best way to go but if you HAVE to keep it open (for direct deposit, for example), you can put it on "deposit only" status. Then get it closed as soon as possible and open a new account. Don't let the PDL know ahead of time you're going to close the account, as they'll more than likely try to debit for whatever they can. Get the account closed and then if you still owe money on the PDL, try to work out a plan with them (paying by money order or pre-paid credit card).
I don't have to keep my account open at all i just have to wait
I don't have to keep my account open at all i just have to wait for a gas debit to go through and then i can close it with no worry's. i'm still reading, sorry for all the questions. i just have to figure this out before i get way over my head with this!