A thought to ponder
Date: Wed, 08/04/2010 - 10:00
OK just a thought to ponder... I have had a couple PDL's claim that since they are on the web then technically I have entered into their state when applying for my loan. Under that assumption, then when they contact me via phone to make an offer of settlement then are they not then entering into KY to do business with me. In that case then the laws of KY would have to apply correct... Just a thought to ponder. I wonder how it will fly if I try and use that the next time they call.. hmmmm
Nice one miracle mom!!! I think you will give them something to
Nice one miracle mom!!! I think you will give them something to think about.
Kentucky requires all internet PDL providers to be licensed in their state and follow the state's PDL laws. But, these online companies always find a way to do business illegally. Tell them that you know your states' PDL laws and will go by them.
Bada-bing!!! Once in a while I hear from my "good friends" at Un
Bada-bing!!! Once in a while I hear from my "good friends" at United Cash Loans and they're always going on about how my State law doesn't apply to them, that I have to go by THEIR law. Usually I hang up on them, but I just might ask them this question to see what they say! :)
Quote:Bada-bing!!! Once in a while I hear from my "good friends"
Quote:
Bada-bing!!! Once in a while I hear from my "good friends" at United Cash Loans and they're always going on about how my State law doesn't apply to them, that I have to go by THEIR law. Usually I hang up on them, but I just might ask them this question to see what they say! :smile: |
So many times payday loan companies just assume that their customer are not aware about the laws in their state.But thanks to the internet and forums we get lot of information on anything with just few minutes of research on internet.now payday loan companies should only stick to their state laws instead of just towering on the platform,in order to stay in business in long run.
