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Posted: Mon Mar 26, 2007 11:07 am

I have a loan with PD6/Express Cash. I originally took out $300 loan. I've paid them $360. According to the information that I've found here - and on other sites, I've overpaid them. CT Law says that I am only liable for $351 ($17 per $100 borrowed) correct?

This jerk, named Brad Ragan, is totally harassing me at work. He's spoken to my boss, I'm in fear of losing my job. Is this legal? what else can I do?

I've contacted the CT Department of Banking, as well as the Attorney General.

Mr. Ragan (Jerk Du-jour) says that I need to make a payment of $200 via money gram on the 30th, or I'm going to jail...

Is this for real?

Posted: Mon Mar 26, 2007 11:20 am

No it is not - there are no debtors prisons any longer. This is a scare tactic that they use to get people to pay. Now - take a deep breath and let's see if we can help. First - explain things to you boss. Next since you have filed complaints already you can e-mail this company with the laws of your state and tell them that you want your account marked paid in full according to the laws in your state and cc the agencies that you complained to. You also should close your bank account and open a new one so that they cannot debit anyhing else.

Posted: Mon Mar 26, 2007 11:26 am

Thanks Irish. I have a meeting with my boss at 3 pm. Hopefully I'm not handed a pink slip.

He (Mr. Ragan) said something to me about a judgement, what is that about?

Posted: Mon Mar 26, 2007 11:30 am

Just another scare tactic...

Posted: Mon Mar 26, 2007 11:36 am

Its working... (he he) So, I'm going to email them and tell them that I am NOT going to pay them the $200 on the 30th, as promised. And I'm going to request that they mark my account as paid in full, again, and quote the ct laws?

Posted: Mon Mar 26, 2007 11:41 am

Right, but cc the e-mail to the ag's office in ct and the FTC and any one else tht you have filed a complaint with. And inform them that you are ccing the gov. agencies. I would say that in accordance with the laws of ct you have paid in full the loan that you originally borrowed and that you expect them to mark you account paid in full, as they will get no more money out of you and you have paid back the original loan and the fair amount of interest as allowed by the laws of ct.

Posted: Mon Mar 26, 2007 11:46 am

This is sooo stressful. This Ragan dude is soooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo mean. I told him that he was an a**hole this morning!

Posted: Mon Mar 26, 2007 1:05 pm

Pdl loans are illegal in CT. The laws that you are referring to applies on consumer loans. Please double check with the Connecticut Department of Banking

Address: 260 Constitution Plaza Hartford, CT 06103
Phone: (860) 240-8299
Fax: (860) 240-8167
http://www.ct.gov/dob/site/default.asp

Posted: Mon Mar 26, 2007 1:10 pm

Thanks Trenity. Where does it say that PDL's are illegal in CT? I've contacted the department of Banking, have to wait 10 biz days to hear back from them. I'm drafting a final email to Mr. Ragan. I want all my ducks in order before doing so.

Posted: Mon Mar 26, 2007 1:17 pm

It looks to me like in CT payday loans are prohibited because there isn't any legistation specifically referring to them. I would definatly check with your banking dept before you draft any letter.

In most of the states that don't have solid laws, there are a lot of little loopholes that allow companies to still borrow. I'm not saying that is the case with CT, because I don't know much about CT, but it is a possibility.

Posted: Tue Mar 27, 2007 10:47 am

Can they put me in jail for check fraud? I know there aren't debtors prisons, but he said something about check fraud? is that for real? or another tactic?

Posted: Tue Mar 27, 2007 10:54 am

Any type of threat is a scare tactic. Don't buy into this bs.

Posted: Tue Mar 27, 2007 11:00 am

Thanks again Irish! You sound so confident!! How about you call this guy for me? Wink

Posted: Tue Mar 27, 2007 11:12 am

It really is a scare tactic. You never wrote them a check, think of it that way. No way they can call it check fraud. These places will say anything to get the most money as quickly as possible. Don't be scared. It will be ok. I was as scared as you a couple weeks ago when I found this forum.