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time limit on payday loan

Date: Sat, 05/02/2009 - 19:03

Submitted by anonymous
on Sat, 05/02/2009 - 19:03

Posts: 202330 Credits: [Donate]

Total Replies: 4


I had a payday loan April 2007 that I didn't pay. How long can they collect on this? I already got ripped off from Dufrost LLc and paid them over 500.00 thinking it was this payday loan.


I would call your state DFI. They came to an agreement with PDL's to make the loans uncollectable, but I cannot recall if they grandfathered in old loans or not. For some reason, I seem to remember that they made all PDL's uncollectable and therefore companies with outstanding loans were forgiven, but I am not sure.


lrhall41

Submitted by PDLOwner on Mon, 05/04/2009 - 06:01

( Posts: 1049 | Credits: )