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internet pdl in va

Date: Thu, 01/15/2009 - 06:29

Submitted by anonymous
on Thu, 01/15/2009 - 06:29

Posts: 202330 Credits: [Donate]

Total Replies: 4


I have internet pdl in va. all current. probably paid principal on all. Any info on pdl consol/settlement companies? Or should I try myself?


Quote:

Virginia State Information

Legal Status: Legal

Citation:
Va. Code Ann. ?? 6.1-444 et seq.

Loan Terms:
Maximum Loan Amount: $500
Loan Term: Min: 7 days
Maximum Finance Rate and Fees: 15%
Finance Charge for 14-day $100 loan: $15
apr for 14-day $100 loan: 390%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: None (cannot refinance, renew, or extend)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: $25 NSF fee; Court Costs; Reasonable Attorney's Fees (not to exceed $250)
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Virginia Bureau of Financial Institutions
Address: State Corporation Commission, 1300 East Main Street, Suite 800 Post Office Box 640 Richmond VA 23218
Phone: (804) 371-9657
Fax: (804) 371-9416
Regulatory Contact: Susan E. Hancock,, Deputy Commissioner, Consumer Finance


lrhall41

Submitted by cannr on Thu, 01/15/2009 - 18:10

( Posts: 9317 | Credits: )


I have posted your state pdl law for all to see. Can you tell us what pdls you're dealing with, how much you borrowed (principle amount only), how much you have paid back, and if they are storefront or internet? I think you said all internet.... I think with more information, we can help you here! :D


lrhall41

Submitted by cannr on Thu, 01/15/2009 - 18:12

( Posts: 9317 | Credits: )


Internet pdls are illegal in Virginia because they don't have a license. They have no legal right to collect the debt from you and I suggest finding a lawyer to sue them because the only thing they care about is money.


lrhall41

Submitted by on Mon, 01/19/2009 - 05:45

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the loans are as follows
quickest cash advance
1800899 cash
paydayloan cash now
cash back pay day loans
pay day loans of america.

I have been in contact with langhorne law. Are they capable of doing what they say. Also, are these loans legal in va. I know a lot of these sharks set up shop and rent charters of banks and all sorts of shady dealings. If these things are illegal is it worth trying to settle with them myself(total owed is about 1700) and I am current. I have no compunction about closing my account and stiffing them as I have already paid the principle. Thanks for all the info.


lrhall41

Submitted by on Tue, 01/20/2009 - 07:48

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