I am trying to figure out if these payday loan lenders are legal in the state of SD. These are the four lenders I have pdl's out with:
Advance Me Today-500 Plain Green Loans-700 Cash Jar- 575 Speedy Cash-500
I am pretty sure that Speedy Cash is legal but I am not sure on the other three. I know that the laws in SD state that pdl's are supposed to be a max of $500. I have closed my checking account and got a new acct number and I also have stop payments on all these lenders. Wondering where to go from here and most concerned that they are going to start contacting me at work. Any info on sending a C&D (e-mail versus fax) or how to deal with these lenders would be much appreciated.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.