Has Anyone NOT paid the PDLs No Principal OR Fees

Can I ask why you were wondering? Pretty much everyone is encouraged to pay back what they borrowed, even in states that PDLs are illegal or prohibited. If the PDLs are allowed in a state, people are told to pay what they, including the correct fees that these companies are allowed by law.

I think that most everyone on this forum is committed to paying the LEGAL amount that they owe. No one is trying to get out of paying the proper amount...just trying to prevent overpaying.

Which many of us have done, overpaid!

You have a moral obligation to return what you borrow and any fees that are legal.

if one part of a contract is illegal, the entire contract is void.

It is a moral obligation, but the ultimate decision is up to you. many of us have or are in the process of just paying back the actual loan amount.
again, it is a moral issue weather to pay back or not. We make no judgements here .

understandable...which is why I am questioning paying them at all.. I know that some of them are illegal which is exactly my point... why should I pay someone when they are screwing people?? I know it is a live and learn type of thing and morally I should pay back the principal amount, but logically I think that I have been taken in by people like this too many times and want to hit them where it hurts....

we all have been taken in by these people, but we did use the money thay deposited into our accounts. Like I said, everyone makes their own decisions, as to pay back.

Actually, it depends on your state's contract law wether or not the whole contract is void if part of it is illegal. There have been many court cases that have held that only the illegal part of the contract is void, and the rest of the contract stands. This could vary from state to state.

I believe you should pay back the principal and whatever interest and fees your particular state allow. Anything more I don't believe you should pay. If you take a PDL with the purpose of not paying them back anything then you are committing fraud and depending on the amount borrowed it could be considered a felony. Why turn into a criminal because some PDL is being shady.

That is just my opinion, no offense intended :)

Look at it this way, do 2 wrongs make a right? If you choose not to pay back at least what you borrowed, are you any better than them? You are technically stealing the money like they are stealing money from people, and just because they are doing it, does it make it right for you to do the same thing?

You have to choose for yourself what you are going to do. You are the one that has to live with knowing that you stole that money and by not paying back at least what you borrowed, that is what you are doing.

This is how I feel about it, but again, it is your choice.

I agree with 2ndband (love your new avatar by the way) and in one of my emails from my DFI office here in Indiana ...it was "suggested" I pay back what I originally borrowed..beside being the moral thing to do...it shows that you are not scaming them...and have been truly taken advantage of.

I think that morally paying back the principal amount is the right thing to do, too. I sleep much better knowing that I did my part in paying the companies back. As far as their outragious fees are concerned...they can bite me. But since I did use the money that they deposited, I think it's only right to repay it.

I battle this constantly. In my mind it is a given to pay back the principle borrowed but then I even stress over the fact I feel responsible for getting into this mess. BUT when I started the spreadsheet of all of the loans and payments over the last 3 years it made me sick. I now have two loans where I didn't pay the principle back yet. Because I had been with these lenders for years I can come to terms with not paying them because of all the interest they got from me over those years. I will most likely have to pay them but I'm not doing it without being asked to and so far I haven't heard from them.

I also agree with those who poasted before me...I rather not sink to the level of the pdl's. It is my obligation ot pay what I owe and any legal fees. It was difficult enough for me to come to terms with my situation. The only thing that has kept me sane through all of this (besides the moral support fom the people here) is knowing I have done the right thing by meeting my legal obligations. Even though these companies have gotten A LOT of money from me and I get ill every time I thinkabout it, I am using legal channels which will help myself and others in the long run...again like everyone else, that is just my situation and opinion.

Ah, the question that opposes morality against legality. Here is my answer, which is usually not aligned with most members beliefs, but here goes: If you in fact come to realize that it is legal for you to not pay a dime back, then by all means, keep every last cent. If your legally not obligated to pay them back, then why reward a company operating illegally? Yes, this is the immoral route, but you won't be financially accountable. This is my position, and I feel that a consumer should make his or her mind up in accordance to their own beliefs. So, that is my stance; Don't pay back monay to a company that is not operating legally, if your state laws allow you to void it all togeather.

I've always gone with paying back what is legally owed, according to the laws in your state, and not a penny more. I have taught my kids since they were old enough to understand: "don't concern yourself with what others do - concern yourself with what YOU do - and if YOU do the right thing, you won't need to be concerned at all".

In the end, I'm the one who has to deal with my own actions.

I agree wtih SUEBEEHONEY70. I believe that this forum demonstrates that by paying what you owe and nothing more is the right direction to take. In not paying the principal amount borrowed, regardless if that IPDL is operating legally or not in your state, you may have a negative impact on those individuals who have have paid back their principal amount and have filed their complaints with the various agencies listed here in this forum. Most payday companies see these forums as a way for individuals to get out of paying their payday loan debt altogether. You do not want to give the payday loans companies a leg up by asserting that you borrowed the money and never had intentions of paying it back, which they would claim was whole basis for your complaints to the BBBs, the DFIs, and the AG's office, if you indeed filed complaints with these agencies. So if the members of this forum do not encourage members to pay back at least what they borrowed, then we are proving the payday loan allegation correct. I believe many individuals from this forum have worked diligently to pay back their loan principal and most have done that and then some. So I would encourage you to pay back at least what you initally borrowed and don't give the payday loan companies ammunition to use against other individuals who truly have been taken to the cleaner by these payday loan companies.

Okay, I'm throwing out my two cents here. Here's the deal - I can totally see where anthony is coming from. First of all, these companies are operating illegally and they know it. They're not stupid. They know what they're doing. They know they're lending in states where pdl's are not permitted. They know this. So if your state says you are not obligated to pay this debt, as it was an illegal debt, then legally you don't have to pay. So, if you feel as though your state law is on your side, the pdl is harrassing you, and you don't feel as though you want to pay, then you legally do not have to. You were not aware at the time that this was an illegal transaction. It's not like you got these loans thinking "ha, ha, I'm not paying." You didn't know the laws. On the flip side, I can see where everyone else is coming from. Because you did receive the funds in your account and you did use the funds. So, in order to "live with yourself" and not feel like some kind of thief, you want to pay back the amount they deposited into your account that you did use. So then pay that amount only. What it all boils down to is that it is YOUR decision. Either way, you're not going to get into trouble. It's just how you view the situation. And, as you can see, everyone has their own view on the whole issue. And it's great that everyone posts their opinion. That's why we're here. But in the end.... it's totally up to you as to which road you want to take. Just my two cents.........

I completely agree with you, Cannr. It is up to the individual in how to deal with an illegal company. I would never lose any sleep over hurting the feelings of crooked company owners. If I have one hundred dollars and I owe the electric company one hundred dollars, and I owe an illegal loan company one hundred dollars, the winner would be the electric company. Why? Well, the electric company is licensed both locally and federally, and have the authority to make me sit in a dark house for not paying. The illegal loan company has no authority to do anything to me if I refuse to pay them. So, if you borrowed money from an unlicensed loan company, either storefront or through the internet, you have the choice, morally, to repay them, but you are not obligated legally to repay them. I feel to repay an unlicensed company is to enable them to continue operating illegally, only to victimize more consumers.
The choice is yours to make, you and you alone.

anthony, excellent! I do so love the part about paying between the electric company and an illegal company. Now, honestly people, which would you choose? You're going to pay your bills! Now, we all tell everyone to pay their bills FIRST. That's what's most important, then to pay the pdl's. But, you gotta love anthony's comparison! anthony, you don't know how much I enjoy your posts.

It must be the coffee and cigarettes. Which I happen to be partaking in right now.

A man afer my own heart! As I sit with my coffee and cigarettes!

I have always wondered about people who drink decaf coffee, what the hell is the point?

Another thing we have in common! Decaf? What the? LOL! :lol:

I smoke marlboro lights most of the time, unless they have a two for one deal with another full flavor cig. I usually drink dark roast coffee or columbian.

decaf allows you to drink more coffee than you would if it had caffine. I like decaf and regular, i like unleaded more than regular gas, i like sugar free better than sugar in it, who knows and who really cares....am i acting weird, to much decaf...lol, im so stupid.

I second the NO DECAF rule! It's all-caf or no coffee for me!

I agree with Anthony's post about paying either the electric company or the PDL - it's either/or - not both. If you have the money to pay one, and not the other, you sure as heck better be paying the electric company first - I know I sure wouldn't be sitting in the dark saying to myself, "well, at least my PDL is paid!" That would be the only exception to the "pay what you owe" idea - I guess I should amend it to say "pay what you owe AFTER your basic needs are met".

Me smoking and sitting next to some dude in South Korea. Click picture to enlarge.

cool

very cool hat Anthony!

I was on a military assignment there at the time. If only I could share what I used to do. You would be surprised.

Cool hat, anthony! Who's the dude? LOL! Friend you made? What's up with being in Korea? Were you sent there while being in the military?

I got this bear in a museum to start smoking, and you can see how smoking kills.

You are really bad! LOL! And there's another hat!

I wanted the bear to be under cover since he's smoking in a non-smoking section.

Me also in South Korea. I'm actually NOT wearing a hat in this one.

I was only there for a few weeks.

This is me in Cambodia, being honored for our work.

which one is you?

third from right.

Fantastic Anthony...thank you for sharing.

You guys need to check out Anthony's web site. I did one night. This last picture was on there. It's VERY interesting. A lot of interesting writing. A lot of information. Check it out.

No, I did not pay Cannr to say that....thanks for the promotion. :wink:

I'm just letting people know of a good site to visit! I'll send you a bill for my "advertising" services, anthony! Oh, but I'm not licensed to do that in your state, so you won't pay me. LOL! :lol:

The attorney General said that you may advertise, but only if you claim to be a non profit organization.

Oh. Okay. I'm non-profit! I'll do all your advertising for you!

The AG just told me that since you are an individual, less than 5 employees, that you fall under the "free to do whatever the hell you wish" law. So, you don't need a license, isn't that cool?

I'M STARTING A BUSINESS! I have two employees, my dogs. There. How's that? Now can I do whatever the hell I want?

Keep your staff level where it is now, because, one more dog, and you would need a kennel license. :lol: