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 Posted: Tue Aug 07, 2007 4:47 am Subject: FL Payday Loan Default |
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I have officially defaulted on 7 payday loans as of this week. In FL can they go after me for a bad check seeing as this is a payday loan based on an electronic check?
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Anonymous in FL
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| Posted: Tue Aug 07, 2007 4:50 am Subject: |
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Oh I should mention that all of th eloans were made online, not at a store front. Please help! I am so nervous right now. I want to pay the debt and tried to get a normal loan to do so but was turned down. It was either default on these loans or stop feeding my children.
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Anonymous in FL
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| Posted: Tue Aug 21, 2007 4:46 pm Subject: Payday loan default |
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I too have defaulted on 6 pdl's. I closed my bank account two weeks ago and today is the firs day that two of the 6 have called me. They tell you that they will not call your references, but they called my mom today and told her that I used her number as a back-up number which was a lie. Who is T&C and how can I contact them?
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Velda Stone
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| Posted: Sat Sep 22, 2007 5:38 am Subject: CTC |
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Hi. Just found this site. I just defaulted with CTC (cashtransfercenter) (closed my checking account) last Friday. I sent them a money order for $100 and a letter explaining my repayment plan. They called and said that wasn't acceptable and I would need to cancel my money order, so I said as soon as I opened a new savings account I would pay the whole thing off on Oct. 15th. She says that doesn't work either. So far, we've just been leaving messages and haven't spoken in person. Crazy. What are my rights here? Can I legally ask her to stop calling? What sort of repayment plan must she accept? Thanks for the info.
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musicteacher
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| Posted: Sat Sep 22, 2007 7:52 am Subject: reply |
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musicteacher, STOP! Cash Transfer Center is highly illegal. Here is what you need to do RIGHT NOW! I'm sorry, but I get frantic regarding this. You need to type a letter revoking any wage assignment you have signed with them. They will present your employer with a wage assignment (which is voluntary) and have them pay Cash Transfer Centers and your employer will take it out of your paycheck. You need to type this letter up NOW and fax it/email it/ mail it certified to them. Do this immediately. Now that they know they don't have access to your money, they are going to send it out to your employer. Do NOT speak to these people on the telephone. If they want anything done, it must be via email or USPS only. Do not make payment arrangements with them. musicteacher, you need to get that letter out right now. Send it certified mail. Do not give them any bank account information whatsoever. None. Please take my advice here. I have learned the hard way. I want you to do the letter now. Send it now. Then please post and we can go from there. You need to file complaints regarding this company. Please, please do this letter so they do not try to get money from your employer.
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cannr
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| Posted: Wed Jan 16, 2008 6:35 pm Subject: SCARED.... |
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Well I have to say it makes me feel a little less scared when I read there are others out there who have defaulted on their payday loans.I did it last Friday. I had 5 and just could not do it anymore. Changed my acct and closed old one...My question is does anyone know if they can find out my new bank and bank information??? I am so scared about that. And how long do they quit harrassing you??? Does everyone just send in small pmts until they are paid off or what???
HELP
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nursie32
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| Posted: Fri Feb 08, 2008 6:19 am Subject: how to get out of payday loans |
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I have ten payday loans and need to get out from under them...it takes my whole check...how did you freeze your account so they could not do the debit?
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vbandpb.
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| Posted: Fri Feb 08, 2008 6:23 am Subject: |
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we closed our accounts and opened new ones at different banls.
Tell us a bit about your situation
who are your lenders
how much borrowed
how much in total paid to each lender
store front or internet
state you live in.
We can help you here.
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kashzan
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| Posted: Thu Apr 17, 2008 2:29 pm Subject: default paydayloan |
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I too am in default with my ACE payday loan. They called and said I had a penidng warrant.
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pinkraven
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| Posted: Thu Apr 17, 2008 3:20 pm Subject: default loans |
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I leave in tennessee, will I go to jail with a storefront loan. I got the loan in 6/1/07. They say I have a pending warrant.
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mkc71
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| Posted: Thu Apr 17, 2008 7:53 pm Subject: |
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mkc, I'm posting TN state pdl law for you. Please note that it says Criminal Action: Prohibited. You will not go to jail. The most they can do is take you to CIVIL court, not criminal court. You took the loan out almost a year ago? Have you paid anything on it at all? Have you been in contact with them at all during this period of time since you took the loan out?
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cannr
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| Posted: Thu Apr 17, 2008 7:54 pm Subject: |
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| Code: | Tennessee State Information
Legal Status: Legal
Citation:
Tenn. Code Ann. ยง45-17-101 et seq.
Loan Terms:
Maximum Loan Amount: $500
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: the lesser of 15% of the check or $30
Finance Charge for 14-day $100 loan: $17.65
APR for 14-day $100 loan: 459%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: 3 (2 per licensee)
Rollovers Permitted: None (cannot renew or otherwise consolidate)
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: One $30 NSF Fee; Court Costs
Criminal Action: Prohibited
Where to Complain, Get Information:
Regulator: Tennessee Department of Financial Institutions
Address: 511 Union Street, Suite 400 Nashville TN 37219
Phone: (615) 741-2236
Fax: (615) 532-1018
Regulatory Contact: Bart Daughdrill, |
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cannr
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| Posted: Thu May 01, 2008 10:36 am Subject: What is T&C |
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I am lookin at your post for the first time and i was wondering what T&C is ? i have a payday loan i have not paid and they are really bugging me. any advice??
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Paulimom
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| Posted: Thu May 01, 2008 10:39 am Subject: |
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T& C is Town and Country a consolidation company.
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kashzan
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| Posted: Fri May 16, 2008 1:33 pm Subject: Payday Loans |
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Help...I have seven payday loans and have defaulted on four. The only reason three of them are still going is because they rolled over. I placed stop pays on three of them, but the Bank told me a stop pay is only good once. Will the lenders continue to try and debit my account every two weeks in hopes of recouping their money? I want to request to be on payment plans so I can get them squared away, but will they allow me? I can't really close out my bank account because my girlfriends name is on my account also. She has her own checking account, but I don't want her to know that I screwed up. Please help. JT
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JT2008
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