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Maryland PDL Help

Date: Wed, 08/15/2007 - 07:13

Submitted by anonymous
on Wed, 08/15/2007 - 07:13

Posts: 202330 Credits: [Donate]

Total Replies: 3

Maryland PDL Help


I have loans with ameriloan (300) usfastcash(250) magnumcash(400) zipcash(500) discount advances (250)
I currently live in maryland, I am drowning in payday debt is there any way i can get out?


Yes, there is help!

In Maryland, payday loans are prohibited. Meaning that these companies that lent you money are operating illegally. Some info about MD:

Thank you for your e-mail letter regarding payday loans. Please be advised that payday loans are not permissible in the state of Maryland. Additionally, such loans are consider consumer loans subject to the Maryland Consumer Loan Law, Title 12, Subtitle 3, Commercial Law Article, Maryland Code Annotated. Additionally, a person who makes a consumer loan is required to be licensed, unless exempted from the requirements of a license.

Also, you should be aware that any person who violate Maryland law may not receive or retain any principal, interest, or other compensation with respect to the loan.

I trust that the above information addresses your concerns. If I can be of any other assistance, please feel free to contact me directly at 410-230-6017.

Please read this thread:

http://www.debtconsolidationcare.com/paydayloan/close-account.html


It has some important information you need to know before you close your bank account.


lrhall41

Submitted by goudah2424 on Wed, 08/15/2007 - 07:18

( Posts: 7935 | Credits: )


I don't know if this is much help.
I just filed bankruptcy and my lawyer told me to close my bank account if you have paid them once then you can not go to jail. I was worried I was going to jail for bad checks my lawyer laughed at me when I told him that. I just filed bankruptcy CHAPTER 7 it was just discharged in July 2007. So this is fresh!!!! PLUS I ALSO LIVE IN MARYLAND

Personal info removed for your safety - Mike


lrhall41

Submitted by anonymous on Wed, 10/03/2007 - 13:27

( Posts: 202330 | Credits: )