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PDL Loans / The terms of the loan repayment were not met by this lender. Advanced finance charges have been incurred.

1 United States Review updated:
Contact information:
Phone: 1-866-631-8457

I initially applied for a $300.00 loan with PDL Loan center on 04.07.09. A one time repayment of $390.00 was agreed upon during 05.01.09. This was the agreement
that I, Denise M. Hodge signed. On
05.01.09 only $90.00 was withdrawn from
this PDL company. I searched the E-mails and saw a different payment schedule listed. There was no financial
hardship then. I continued to re-pay a
total of $360.00. During 07.07.09 this
creditor attempted to withdraw $140.00
from my checking account. When I first
called PDL loans they said the loan account was
closed. However PDL continued in an attempt to withdraw monies from my account. I was
last informed by their collections Dept. that I owe $390.00. I read the
contract and do not see where the principal and fiance charges would increase to this $390.00 amount. The
companies' advertising is misleading and their professional ethics are below
standard. Why am I being victimized?
I have dealt with other on-line loan agencies and never dealt with this problem before.


Denise M. Hodge

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Comments

  • Be
      12th of Aug, 2009
    0 Votes

    I have a loan with PDlloan center cant get a hold of them. There number is 1-866-928-5055 what do i do do i close my account down.

  • Re
      26th of Sep, 2009
    0 Votes

    I too am having a problem with PDL. I took out a 300.00 loan from the company on July 6, 2009. They documented my pay dates on the application and on the application it stated that they were going to withdraw one payment of $390.00 on 7/31/2009. To my understanding that told me they would take that amount our in one lump sum and then the loan will be paid in full. Ever since I have had the loan they were taking $90 out of my checking account every pay day (I get paid bi-weekly). I looked at my bank statement online and noticed that this pay period they also took out $140.00. Monday I am going to call them and complain. I have paid $500.00 for a $300.00 loan!!! Their contract is misleading and they need to be reported to the Better Business Bureau!

    Thanks,

    Tanya

  • Ha
      30th of Dec, 2009
    0 Votes

    i was never given a email address or phone#to reach PDLLoans center44 PDL 0 FUNDING

  • Fr
      3rd of Feb, 2010
    0 Votes
    PDL Loans - Harrashment phone calls
    PDL LOANS
    United States

    THIS COMPANY WILL CALL YOU AND SAY YOU ARE A PAST CUSTOMER WHEN YOU ARE NOT OR HAVE BEEN AND PAID THE LOANS, AND THEN INSTEAD OF PUTTING MONEY INTO YOUR ACCOUNT THEY TAKE IT OUT - I HAD TO FILE A ACH FRAUD AFFIDAVIDT TO GET IT REVERSED - THESE PEOPLE ARE BAD!!!


    FRANK
    WASHINGTON STATE

  • 5f
      1st of Apr, 2010
    0 Votes

    Unfortunately, they use a lot of double talk... They tell you clearly that it will be a single lump payment of $390, but they mumble in that is only if you call them at least 3 days before it's due and tell them to take the whole thing... Otherwise, they take the 90.00 finance charge every payday for the first 5 weeks, then take the finance charge PLUS 50.00 towards the principal, for a total of 140/payday.
    Their interest is a bit over 700%, but is actually Legal. Their explanation of the workings is probably barely legal, but it needs to be made law that they explain it CLEARLY and PLAINLY and give you a written copy BEFORE approving the loan...

  • Ms
      6th of Jan, 2011
    0 Votes

    I agree that PDL does have to have a clearer notice. I also agree that they should send you the loan docs before the loan is completed which they do not.
    you do have to call 3 business days before the loan due date for a one time payment to be processed otherwise they will only take out the interest of 90 dollars which is a bit steep but when a consumer is in a bind they take advantage of the situation. Sorry this is what the loan industries have come down to but it is JUST barely legal

  • Fl
      7th of Apr, 2011
    0 Votes
    PDL Loans - Harrashment phone calls
    Pay Day Loans
    Flint
    Michigan
    United States

    I had taken out a loan with PDL loans and during my experience I was harrassed daily by an Indian callier pretending to be a police officer. Ever since I took out a payday loan, these people from India will not leave me alone. He calls with a new name each time and pretends to be an officer of the law and even goes so far as to call me at my place of employment. The threatening phone calls of coming to pick me up in a police car and leaving message saying he is coming to pick me up in a police car. I am reporting PDL to the police department and the local authorities. These individuals are praying upon the poor of America. In my last phone call with officer Ray Hamilton he said, you stupid Americans you ###ing stupid people...I will get you in the end. Pretty threatening people and my gut tells me they work for PDL Loans...

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