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Posted: Tue May 09, 2006 4:18 pm Subject: I had a thought

I was sitting here thinking about the pdls breaking the laws and such. Has anybody thought about them breaking the law of the states deferred presentment in the form of issuing more than one loan to a customer? I will use Rio for instance, they gave loans, but they are affliated with United Cash Loans, 500 Fast cash and so on. So wouldn't this be an idea to add to the letters we are sending to the lenders in reagrds to the violations they are committing?

Posted: Tue May 09, 2006 4:20 pm Subject:

That would be a good idea to compound the proof that they are scamming people.

Posted: Tue May 09, 2006 4:22 pm Subject:

Tammy,

I see great minds think alike! Yesterday I wrote something in the thread about the Rio aliases along those same lines (or maybe it was in chat, can't remember). VA law specifically states that no company can make loans, even under different company names, that allow a person to be indebted to the company for more than $500. I've borrowed from UCL and OneClick twice, with total indebtedness of $600 and $700. I know I am not the only one, and some have borrowed from three or more different Rio aliases.

This should be very interesting if we can get ALL of the names and info.

Posted: Tue May 09, 2006 4:25 pm Subject:

This could be the beginning to a showdown against the pdls.

Posted: Tue May 09, 2006 4:26 pm Subject:

Right on! We're going to make these clowns sing!

Posted: Tue May 09, 2006 4:28 pm Subject:

They are singing to the note of we are caught, what do we do now. I hear the chimes of cha ching in the name of the people they screwed over.

Posted: Tue May 09, 2006 4:29 pm Subject:

I agree I have loans with Rios, cash advance ( I think sister to Rio) AIP and Worldwide Cash are sister companies and I think 500 Fast Cash and US fast cash are the one and same because whenever I got a renewal notice from 500 Fast Cash I get the same one but different amount from US Fast Cash!

Posted: Tue May 09, 2006 5:21 pm Subject:

That's not a bad idea at all. I never realized when I was doing the loans that these were affiliates of each other. It was when I started doing research that I learned about how these affiliates scam each other. I will have to check my state laws further to see if there is any such clause. I know that you cannot have more than one loan at a time with one company but I'm not sure about affiliates.

Posted: Tue May 09, 2006 8:24 pm Subject:

I found out today when I was talking with T&C that Dollar Financial has quite a few PDL affiliates. I knew about MoneyMart,LoanMart, and another one I can't remember right now. T&C told me that Moneytree is actually and affiliate of theirs also. Imagine my surprise. I'm going to try to do some more research and see what else I can find.

Posted: Tue May 09, 2006 8:44 pm Subject:

Does anyone have the RIO fax#?

Guest · Posted: Wed May 10, 2006 10:52 am Subject: Affiliates

Affiliates does not mean that the money is coming from the same place/account. "Affiliates" is used so that the companies can share information with eachother about you and can remarket different types of products to you. I think that it would be very hard to prove in a court of law that affiliates means the same company.

Many of these companies that I see mentioned throughout the boards are lead brokers; each one owns many different websites to market to different types of people and when they get your information, they sell it to an actual LENDER.

I wish you the best of luck with your fight however, and it will be interesting to see how it all turns out.

Posted: Wed May 10, 2006 11:10 am Subject:

Guest,
thank you. I've been trying to find out as much info as I could, to possibly determine whether it is an affiliate relationship or the same company. It just appears to be suspicious- all of them claiming to be in one state, then another, using the same domain-by-proxy company to hide the identity of the registrant. Plus Tammy had received a fax that was coming from one company (One Click or United) but had header info for xtracash1000.

Could they be using a central company to pay claims? If so, who is actually funding the loans? If it is the same company using different shells to broker loans, it is still in violation of laws of some states.

Posted: Wed May 10, 2006 1:31 pm Subject:

Besides, the corporate office must mention the additional DBA names of their business in the written contract. This is business information and it should be disclosed in front of the consumers.

The state laws do not allow to loan more than the permissible amount from one company. Even if the company works under different names, they are under one corporate entity