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fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4500
8812 Magic Points
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Tue Jul 29, 2008 12:03 pm
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| Yes I am. I just can't see how they can represent something that is illegal. If it was taken to court how could the judge honor the debt knowing that it was an illegal act? It would be like me taking you to court because we both stole a bunch of stuff from Wal Mart and you were suppose t6o sell it and give me half and you don't. That is why I wonder how they can even seek legal action. |
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CMBV22
Joined: 08 May 2008
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Posts: 382
4435 Magic Points
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Wed Jul 30, 2008 8:35 pm
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If the contract they drafted is illegal they will not win in court. You are right when you say that the courts will not uphold an illegla agreement
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Free sample letters,
info on paying off payday loans,
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fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4500
8812 Magic Points
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Thu Jul 31, 2008 1:46 pm
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| At least that is good to hear. |
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Justin
Joined: 17 Jul 2006
Justin's page
Posts: 1298
28935 Magic Points
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Mon Aug 04, 2008 7:23 am
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The collection agencies always focus on the maximum amount of the pending debt they can collect from you. Most of them don't even bother what is legal and what is illegal. If you get a mail from a CA asking you to pay back your debt, all you can do to justify their demand is to ask for a debt validation letter. If they validate your debt and you agree with their validation, pay off the debt. Else dispute it with the credit bureaus. If they sue you without properly validating your debt, the judgment may go in your favor.
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All the Best 
Justin |
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sdchargers_63
Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1498
111 Magic Points
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Subject: PDL
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Mon Aug 04, 2008 9:40 am
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| If PDL's are illegal, for certain states?..I mean, if I received a PDL ( I live in PA) and it's illegal for that PDL in my state, can the CA ( or whoever is representing the PDLin collections) come to my state and sue? Or.can they just do it through paperwork, etc? Hope the question is clear. |
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goodnatured
Joined: 03 Nov 2007
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Posts: 4007
1224 Magic Points
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Mon Aug 04, 2008 9:17 pm
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I am from Pa too, I would think that anyone could file a civil suit against you, but since they have loop holes like cashnet found to lend through Nevada, I am not real sure how this would be handled.
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Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online |
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fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4500
8812 Magic Points
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Tue Aug 05, 2008 2:02 am
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| Pay day loans are actually legal in PA. I hope everyone read my post where they were passing new l;aws in PA that will limit how much interest internet payday lenders and out of state lenders can charge. It goes into effect this coming Feb. They are also requiring them to be licensed. |
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Jrbroker1
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Subject: PDL
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Tue Aug 19, 2008 6:19 pm
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| I have 2 pay day loans and they telling me that they will bring me to court if i don't pay then in full can they really do that? i want to pay then but i RESENTHLY LOST MY job my house and everything I hade. can they really make me pay in full? they also said that i will be charge and go to jail b/c i did that over the internet |
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fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4500
8812 Magic Points
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Tue Aug 19, 2008 11:35 pm
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| I would check and see if they are entitled. Some internet payday loans are illegal. I am not real familiar with them. I am guessing they may be able to make you pay but have you explained your situation to them? Are they not willing to work anything out? Let us know a little more so we can help yolu. Aslo how old are these loans and when was your last payment? |
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goodnatured
Joined: 03 Nov 2007
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Posts: 4007
1224 Magic Points
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Wed Aug 20, 2008 1:07 am
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I just called the department of banking the other day, they said to watch the state banking website for restitution. It is in the process but a decision has not been made yet. So if anyone sees it, YELL, really loud.
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Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online |
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Justin
Joined: 17 Jul 2006
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Posts: 1298
28935 Magic Points
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Wed Aug 20, 2008 10:38 am
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Hi fireyone
What I know is that payday loans are illegal in Pennsylvania. But since the payday lenders use different loopholes to continue their business and there are numerous payday lending centers in Pennsylvania, I think these new laws have come out to regulate these payday loan companies so that they cannot charge high rates.
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All the Best
Justin |
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fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4500
8812 Magic Points
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Wed Aug 20, 2008 12:47 pm
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Justin, Yes I seen that they are about to change the way payday lenders do business. Isn't it crazy that they are actually illegal but yet there are centers everywhere in PA? I understand the loopholes. I justn think it shows how shady they are.
GN, If I were you I would be diligent in checking that State Banking Website. If it was my money I would want it back too.If you let me know the websites address I also will watch being as I have had some free time. I will post when I hear so that people may be reimbursed. |
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robin
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Subject: pay day loans
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Wed Aug 27, 2008 1:35 am
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| the payday loans are a pain, but in a time when the lightbill is taking priority over groceries they are something like a blessing and a curse in the same breath. I too was in that rut more than once, and this is my advice to you.Step 1 you need to speak with each one of them about your situation and tell them that you are unable to pay them.Secondly do not agree to redo the loan and only pay the interest, and do not rob peter to pay paul. They will at this point negotiate with you .Sometimes they will even offer to take a lesser amount to avoid not getting paid at all. The truth is they can do anything they want to when it comes to settling the debt , i paid 1 off at a time 50.00 a week i did 2 at 20.00 a week then so on. I got on the cycle again and once again i stuggled to get out of it take it from in the end that is the biggest addiction/money scam out there i hope that you will go and stand your ground and close your account if you have too by law if you are willingly paying on a debt they can not touch you, but if you ignore your obligations they get you w/o the vaseline lol |
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fireyone
Joined: 26 Feb 2008
fireyone's page
Posts: 4500
8812 Magic Points
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Wed Aug 27, 2008 12:02 pm
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| Robin, I am sure we all our faced with situations like you were. I did the samething but My curse/blessing was a credit card. They to me are the same demon. Good advice for the OP. Glad you put in your advise. |
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anthony
Joined: 31 Jul 2006
anthony's page
Posts: 550
13573 Magic Points
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Thu Aug 28, 2008 10:51 am
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Payday loans come with very high interest rates and so I think we should all avoid these loans as far as possible. There are some states which do not allow pay day loan companies to conduct business. Pennsylvania is one such state. Recently the Commonwealth Court of Pennsylvania has issued judgment against Advance America, a payday loan company to close its operations in Pennsylvania because they did not have proper license to conduct its business there and moreover, they were charging very high interest rates.
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Anthony Marx
A positive attitude is not achieved by turning a blind eye to the negative, but rather by responding to every situation in the most positive way possible. |
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