Outsourced Agency Trying to Collect on a PDL. I live in Maryland

Last year I received a Payday loan and was paying on it every two weeks for about 5mths. I fell into some hard times and defaulted on one payment. They didn't try to charge my account again but now I am getting a call from a guy that says he's going to file something in the courts under my name and social if I don't pay the principle and interest on this loan. I live in Maryland and I understand that these loans are illegal. I am willing to pay the principle but at a much lower amount than he's asking. I told him that I am a single parent and can only pay what I told him. What should I do?

4 Answers

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Relax. Morally, you should pay the principal amount since you have used the money. But legally, no one can do anything even if you don't pay the principal amount. The loan is illegal. The contract is illegal. So, the court can't do anything.

Sell your crap, pay your debt, and do what you love......

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See, you have to pay them the principal amount. Since they are illegal, you can avoid the interest rate payments. Make sure you pay off the principal amount.


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There's nothing to worry about. You only need to pay the principal amount which you borrowed at the first place. If the guy called you again, told him that you'll file a complaint against the lender at the state's attorney general's office.

It's Tiara

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When the loan is illegal, you need to pay only the principal amount.
The pdl lenders can't threaten to file a lawsuit.


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