my wife and I both have 2 pdl and can not get out

my wife and I both have 2 pdl and can not get out of the cycle. We live in Kentucky and are starting to fall behind on other bills. Any suggestions

4 Answers

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Yes, and if you feel that you don't have enough funds to repay your pdls, you can even go for payday loan settlement.= where a portion of your balance will be waived off.


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I agree with Anna. The contact detail of the Kentucky Office of Financial Institutions is as follows:
# Address - 1025 Capital Center Drive, Suite 200 Frankfort KY 40601
# Phone - (800) 223-2579
# Fax - (502) 573-8787

If you find that the lenders are not licensed to operate in your state, then you can get rid of the debts by paying them only the principal amount. If they are licensed, then you will be accountable for both the principal and interest. In such a case you may enroll in a payday loan debt consolidation program. This program will help you to get out of debt comfortably.
 


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Please state the name of the pdls. We will tell you whether or not they have the license to operate in your state. If you they are legal, then you can go for payday loan debt settlement program.


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Payday lending is legal in Kentucky. However, in order to know whether or not your payday lenders are licensed to operate in your state, you need to contact the Kentucky Office of Financial Institutions. If you find that they are not licensed to operate in your state, then you can pay them the principal amount and get rid of the debts. However, if you find that they are legal, then you will have to pay them the debts in full. In such a situation, you can consolidate the debt and pay it off to get rid of it.


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