payday loans HELP

Pdl's are not legal in PA. However, PA has some funky "loop hole" regarding internet pdl's. It's kind of a gray area. Goudah is pretty good at explaing the PA law because it's so confusing when it comes to internet loans. But I'm posting your PA state pdl law for you to see. And hopefully goudah can come along behind me and explain it further.
Pennsylvania State Information

refer
banking.state.pa.us/banking/site/default.asp

Hello! Pretty much what happened is when PA wrote out it's laws, it put the term "In this commonwealth" into it. Meaning that they only apply to businesses physically located in PA.

I have some emails from James Keizer, the guy in charge of regulating these places for PA:

Find more info here - banking.state.pa.us

You can also find a letter posted on the PA Dept of Banking's website. If you go to laws and regulations, interpretive letters, then commercial code, you will find a letter about internet lenders halfway down the page.

What this means is that internet lenders can lend to PA residents AS LONG as they are licensed in another state, and follow the laws of the state they are licensed in. If they are not licensed anywhere then they are 100% illegal.

BUT - Sometimes when you call the AG's office they will say differently. Sometimes they will refer you to James Keizer. Sometimes they will take your complaint and help you. Sometimes they will tell you they can't give legal advice. It can be really hit or miss, but file complaints with them anyways. You never know, it may be an on day and they will help you!

I can tell you right now looking at the list of companies you are dealing with that Cash Net USA is loaning money legally in PA under their Nevada license. Payday Select I think is licensed in Deleware. The rest of them aren't going to be licensed anywhere, but I haven't heard of Honest Payday before, so that one may need some checking out first.

paydayselect is very easy to get a Paid in Full. Just go to there website click on my history and print your loan details. Ass up all the charges and what you got money wise. e-mail them from there website with this information and they will e-mail you back. Most likey paid in full. I'm in PA also. In your e-mail insert the info goudah has about Pa laws. Hope this helps for atleast one of your loans.
Thanks
Cindy

I have looked at all hte information on this site and contacted the companies via email. I am hoping to clear up at least the payday select at this point. After checking my loan history I have paid interest for a year on a $500 loan. I think I have paid them over $2400 in interest only. I hope this will be enough to resolve that one. Thanks for the help. I will let you know what happens.

Good luck! Keep us updated on your progress!

Wow! I can't believe that I am not the only one who has these internet loans. I am ashamed to say I have 5. They are so handy when the rent or electric is due and I don't have enough money to keep the utilities on. I am sitting here thinking that my whole pay on Friday is going to pay the extensions on these loans. I wish I had never even heard of them. I might be in the dark, but I wouldn't be so worried about how I am going to pay them back.

Reading this forum has provided me some hope. I am glad I stumbled upon it. Actually, I, also was trying to find an address for GECCLOAN. This is what appears on my bank statement:GEC 866-432-2562 GECCLOAN 26209A.
I cannot find a website other than their front page.
It was a $400.00 loan, but I wanted less. I didn't get the chance to request anything less before it went through. In fact, I had barely just filled out the forms. I didn't even know that I got it until I looked at my bank account.

I am in so deep that I was even considering trying to get another one just to cover the extensions. Thank goodness I stumbled onto this site.
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zerah, honey, five? That's nothing compared to some of us! Honestly. Do not be ashamed. You were sucked in just like everyone else and now being taken advantage of. I have information for GECC. Hell, I think I have information on way too many! LOL! Here's what I have. And they "settled" with me. I'll include the contact name of the person for you also.
GECC Loan
300 Creek View Road
Suite 204
Newark, DE 19702
Tracy L. Callaway - Customer Relations Supervisor
email: tcallaway(at)geccloan.com
Phone: 302-737-0926 ext. 302
Fax: 302-737-3873
Try contacting her. She's one of the supervisors. She worked with me. Hope it goes well! :D

Thanks for the information. I will try it.

One of the loans I have actually starts taking more $ after 4 extensions to help pay down the loan. The interest is still atrocious, but at least they recognize the difficulty these loans cause.

I was listening to Dave Ramsey on the way to work, I wish I could follow his system... but I can't even think of that until I get these horrible internet loans off my back.

Thanks again.

zerah, what state are you in? Most states don't allow these "rollover/extension" fees that they're charging you.

I am in Johnstown Pennsylvania.

From what I have read on this forum, the loophole is that the companies are not located in the Commonwealth.

Damn PA! It depends on if the pdl is licensed in another state. We can check to see if they're licensed. If they are not licensed, then they are illegal. PA allows for internet lenders to lend to PA residents if they have a license somewhere. A whole hell of a lot of pdl's don't. If you wish (and you don't have to), you can post the pdl name and we can check to see if they're licensed anywhere. They may not be. Or you may have already done this. Whichever. Just post if you want!

I have several loans they are from one click cash, ameriloan, cash net usa and 800899 cash. are they legal in pa? I'm being threatened and it's scaring me, my family would throw me out if they knew of these loans.

I believe ameriloan is illegal.

Ameriloan is definitely illegal.. Cashnet usa is legal but they will work out payment arrangments with you. I'm not sure about the other two.

i had a new bank account

you taken money out of my old account that was nsf

We do not take any money from your account. We are not a payday loan company.

You need to contact the company you have a loan with.

I am very ashamed to say that I currently have 10 outstanding payday loans which interest on is being deducted out of every paycheck $1,397 per pay period to be exact. It all started when I stopped receiving Social Security checks because I was working fulltime and making "more" money than the $12,000 allowed by SS however once they stopped paying me I could not afford to pay my rent and bills and this went on for 5 months so I kept getting payday loans just to get by and now I'm overwhelmed. The social security checks are back again but I cannot catch up with my regular bills and paying the huge interest on the payday loans. I live in Illinois and currently have loans with: GECC Loan; USFastCash; Eastside Lenders; Greenlight Financial; Web Payday; United Cash Loans; Cash Capital and My Cash Now (this is embarassing) but somehow it just snowballed. Do you know if any/all of these are legal?

Never heard of Cash Capital. None of the rest are licensed in Illinois. Be careful with the terms "legal" and "illegal." Even if the Illinois authorities went after them for license violations, that doesn't automatically void the loan agreements. But there is good news:

1) If the state even threatens go after a lender, the lender usually folds his cards and cancels the loan.

2) Since your income is from social security that can't be garnished even if someone did sue you and win.

being in illinois myself i can tell you that the IL AG ms.madigan considers these illegal.why you ask.because i had alot of the same ones.filed complaints and she went to work.she also has the stance we have that if you borrow you should pay back what was borrowed nothing more.let me give you an example.

i borrowed 325.00 from GECC.they debited 392.00 from me in two months.i filed the complaints and got a PIF from THE ag's office.another i borrowed 300.00 225.00 was debited.she asked how i was gonna pay the remaning 75.00.BTW in alot of states if a lender isn't licensed or pdl's are prohibited.the contract is worthless.if florence can provide the following.

how much borrowed from each
how much debited by each in fees

we can help her from there.

I am in illinois and I currently have out 3 loans from the following

Paydayone.com : $1,000
CashandDash: 250
PDL: $300

Are any of these loan legal.. Also I recently closed thee checking account i had where they where debiting their money. Will they try to garnish my wages or take me to court?

paydatone is an installment loan,so you should make arrangments on that.never heard of the other two.hopefully someone has and can help further.

PDL that is $300......PDL Loan Center?

Yes PDL Loan center ( high country loans)

They are not licensed in my state, Texas but you need to look into IL law. CHeck out the thread on laws by state to help. PDL loan center is HARD to get in touch with. Have to mail or fax because tawni P. with "RBT loans" will return emails to you only telling you to call their number.

is emerald marketing licensed .. I had a $300 loan with them 3.5 years ago .. they now say I have 1 business day to either pay $1800 and they will not put it on my credit report or $900 and they will put it on my credit report but show it as paid and the other half written off and they are thretening criminal charges

emerald is not even located in this country.the US addres is a maildrop.this is a scam trying to collect on an old loan.they can do nothing that they said.debts are civil matters,and any entry can be disputed and deleted.i know because i have done it.i wouldn't speak to them again.chances are when you can't pay it.they will still call.again if they call again hang up as they can do nothing to you.

Oh my goodness THANKYOU SO MUCH!!!!!!!!!!!!!!!!!!!!!!!

:)

I wrote earlier -- see the three previous posts.. the company is now calling themselves JB Wellington? I can't find them on the internet. They called my job and asked for the payroll department and asked them to call them back and give them an adress to send wage attachement paperwork too. It was the same woman who called me but she gave a different name to the payroll dept and two different phone numbers. Do you know anything about JB Wellington - the phone numbers are 877-822-1193 and 1191 and she is giving case numbers like 1853 - I reported her to the attorney general but I am so confused WAGE ATTACHMENT?

see the above three posts - I just got another call - then they called my jobs payroll department and asked for my jobs address so they can send wage attachment paperwork. It was the same woman who called me but she gave a different name and said she was calling from JB Wellington's office. she gave two different phone numbers and a different case number do you know anything about JB Wellington? and wage attachment ???? Is this part of the scam?

I had a payday loan with (cashsupply) that i didn't pay off b/c i was laid off. The orig loan amt was for $725 they said i owed $1770 total after a yr. Now they are threatening to take me to court. Im in Pennsylvania WHAY CAN I DO?????