Hello I am a college student living in Northeast Ohio for a year now (moved from NY) and have gotten myself into a mess with PDLs including:
Westernsky(cashcall/delbert)- Loan for $850, have paid $410 in principal and over $1200 total since the beginning.
Plain Green - $500. Have not yet made a payment.
Mobiloans - $1000. Have made one payment of $150 and have another $150 pending payment as of this coming Monday.
Great Plains - $500. Have made one $185 payment.
I stumbled upon this website last night and was to find that I might not be completely screwed after all. Admittedly I never should have gotten involved with these companies but things began spiraling out of control as many of you know.
If I understand correctly, all 4 of these loan are from tribal lenders, none of which are licensed in the state of Ohio. They all were obtained online and as far as I know they have no physical location in my State (if at all?). All of these loans are charging interest well above Ohio's established maximum loan APR% of I think 28%. The aforementioned details make me believe that these loans are all illegal loans. My questions/concerns are as follows:
1. To what extent am I obligated to pay back these predators? Legal? Moral?
2. I have seen the link to "How to deal with online PDLs" so I have that resource but have not yet used it since I wanted to make sure I was not making any missteps.
Any other information you may have is of course greatly appreciated! If you need any other information please let me know.