pdls
Date: Fri, 08/10/2012 - 08:25
Did I read correctly that Alabama only allows pdls to be for 500? I got a pdl with cash cure for 800 and defaulted but have been making payments to them do i only have to pay back the 500 or the whole thing? If they are not licensed do i have to pay the interest they charge on the 800 or the 500 that the state allows? They have turend me over to Alliance Assett Management and they have been harressing me are they licensed in Alabama? what should i do?
The loan exceeds the Alabama state limit and I cannot find a li
The loan exceeds the Alabama state limit and I cannot find a license for them in the state look up page. Call the following on monday to verify.
File your Complaint and get Information
- Regulator - Alabama Banking Department
- Address - P.O. Box 4600 Montgomery AL 36103
- Phone - (334) 242-3452
- Fax - (334) 353-5961
- Regulatory Contact - Arlene Baldwin, Consumer Services Specialist, Bureau of Loans
If they are in fact illegal, send the CA the following.
Dear CA
I hereby demand you cease and desist any and all contact with me and anyone associated with me. You are collecting on an illegal unlicensed loan and as such, the loan is invalid.
Educated consumer.
