can t pay my 4 pdl loans

There's a lot of experience dealing with PDL's on this board.

If you share your state, the names of your lenders, how much you borrowed from each, and whether these internet or storefront, I know you'd get some help. You can also look PDL laws for your state at www(dot)paydayloaninfo.org/states.cfm

i m in pennsylvania these are all internet loans us fast cash 200 2 with paydayone for 300 each cashnetusa 450

PA seems to have a loophole that allows licensed lenders from out of state to lend over the internet to PA residents. :x

You might want to:
-Contact your bank and block PDL debit (however, PDL companies often have multiple DBA's, and may debit under another company name)
-Write a revocation of wage assignment letter to each of the lenders, and show a copy to your payroll department
-If possible, write a letter to each company revoking their ability to search for bank accounts by SSN and withdraw funds accordingly

then,

-open a new account, and then, close the old account
-Notify the bank of the situation, and do not allow them to force the account open if an ACH tries to go through

How much have you paid?

Oh...if you haven't already gotten collection calls, be prepared to hear a lot of threats they can't carry out, such as

Threatening to arrest you
Threatening to download you
Threatening to get you fired
Threatening to yadayadayada

There are some PA users here that can give you some advice too. Hopefully they will see this post . . . . Fedupinpa????

According to the PA Consumer Discount Company act:


You can find this at banking.state.pa.us click on laws and regulations, then interpretive letters, then consumer discount company act.

So you need to find out where your pdl's are located, and then check to see if they are legally licensed in their state. It can get a bit complicated, as each one is probably located in a different state.

I'd follow what Morningstar said above about closing the bank account and sending out the revokation letters. Also, if you could post how much you borrowed/paid back so far that would be helpful.

I can tell you now that Cashnetusa is legally licensed and lending under it's Nevada license.

MorningStar, this Marc Watson called me at work today, impersonating a lawyer and accusing me of having committed a felony to a Federal bank. I fell behind on my PDLs after I was sick and unable to work for a couple of weeks. Mr. Watson did not want to tell me who he represented and told me to sit tight until the sheriff office showed up at my place of employment. His number is 800-871-7730 x394. Fearing embarrassment, I left work and missed my meetings scheduled for the afternoon today. Mr Watson wanted payment in full and did not want to make any arrangements with me. I informed him that he should not be calling me at work because I wasn't allowed to receive personal phone call, but he replied that I was in trouble anyway. This guy needs to be stopped. Who knows what kind of abuses he's inflicted on other people?

Any advice is greatly appreciated.

Thanks for this website.

Stressed,
Ket

That is a common threat they will use to try and get you to pay right away. Know your rights. There is no debtors prision, and you cannot be held criminally liable for not paying a debt.

Ket - Do you know what pdl company your loan was through? If it was sold to a thrid party collector then you have a few more rights under the FDCRA. I would tell them if they call again that you aren't going to communicate over the phone, only in writing. Send them a certified letter to that effect, and tell them to no longer call you at your place of employment. If they are a third party collector they have to follow the laws or else get fined at least $1000 per violation. If it's still the original creditor calling you, then you still should send them the letter. If you legitimatly owe them money still I would try to work out payment arrangements.