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 Posted: Wed May 03, 2006 4:41 pm Subject: talking with payday lenders. |
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It is true that some payday lenders will work with you if you are having some pRE: Customer Issue: Past due account payment arrangements [482278:244570]
Curtis
Your loan is currently 40 days past due with a balance of $245.71.
I am willing to settle with you for $150.00 by 05/26/06. Please let me know if you will accept this offer.
You may send money orders to:
PayDay Select
P.O. Box 852
Ruidoso, NM 88345
We also accept Western Union Quick Collect (they charge a fee of $12.95), request the blue form and:
Pay to: PaydayOne
Code city: PaydayOne
State: TX
Acct: SS# or Phone#
You can make payment with a credit card by calling toll free 1-866-701-5370
Thank You,
PayDay Select Account Service Team
accounts(at)paydayselect.com
problems. Check this out.
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pierson32
Joined: 27 Apr 2006
Posts: 21
Debtcc Points: 615
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| Posted: Wed May 03, 2006 4:51 pm Subject: |
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hey..That's the exact same e-mail I got from paydayok..
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finsfan13
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Joined: 17 Feb 2006
Posts: 7021
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| Posted: Wed May 03, 2006 4:52 pm Subject: did you owe the same amount? |
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how much did you owe them?
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pierson32
Joined: 27 Apr 2006
Posts: 21
Debtcc Points: 615
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| Posted: Wed May 03, 2006 4:53 pm Subject: oops |
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they are the same company as payday select.
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pierson32
Joined: 27 Apr 2006
Posts: 21
Debtcc Points: 615
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| Posted: Wed May 03, 2006 4:54 pm Subject: |
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Besides sending one default email mentioning the total due amount, why don't the PDL companies send the break down figure along with it. Most of the time will save on both the fronts. 
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john
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| Posted: Wed May 03, 2006 4:59 pm Subject: |
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I am actually gonna get a refund from them...
_________________
"It's a treat, being a long-distance runner...."
Allan Sillitoe, The Loneliness Of A Long-Distance Runner
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finsfan13
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Joined: 17 Feb 2006
Posts: 7021
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| Posted: Wed May 03, 2006 5:01 pm Subject: Cool, |
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Hows that?
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pierson32
Joined: 27 Apr 2006
Posts: 21
Debtcc Points: 615
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| Posted: Wed May 03, 2006 5:20 pm Subject: |
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well, I overpaid, their not legal here in Michigan. Sent them a letter.
_________________
"It's a treat, being a long-distance runner...."
Allan Sillitoe, The Loneliness Of A Long-Distance Runner
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finsfan13
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Posts: 7021
Debtcc Points: 59875
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| Posted: Wed May 03, 2006 5:22 pm Subject: |
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Listen, I'll pm you tomorrow the info..you might be able to get one from paydayselect.
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"It's a treat, being a long-distance runner...."
Allan Sillitoe, The Loneliness Of A Long-Distance Runner
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finsfan13
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Joined: 17 Feb 2006
Posts: 7021
Debtcc Points: 59875
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| Posted: Wed May 03, 2006 5:32 pm Subject: what i really need is one for magnum cash advance. |
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this is what magnum sent me.Your loan
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Dear Mr. Hayden:
I have attempted to contact you at work, but the party with whom I spoke stated that you could not be taken from the production floor to receive a telephone call. When attempting to leave a message on your home telephone, I received an erratic busy signal (270- 803-****). Regarding your loan with Magnum Cash Advance, please allow me the opportunity to respond to your questions.
MCA is a Licensed Delaware Lender. As was specifically stated in your loan agreement, the loan was provided in accordance with the Laws that govern licensed lenders in the State of Delaware. The choice of venue was stated in your loan agreement as the State of Delaware. In addition to stating this information in the contract, access to these terms, along with the link to Delaware lending Law, is clearly located at the bottom of our web-page (Disclosure and State of Delaware Lending Laws).
Our only physical location is in the State of Delaware. The loan was approved and funded from the State of Delaware. We have no branch offices or representatives in any other state. We do not advertise in any local media outlets. Our status and activity as a licensed lender is in accordance with the stated public policy of the State of Delaware. We are not governed by the laws of any other state.
I hope this information resolves any questions which you may have in this matter. if I can be of further assistance, please contact me at my private direct number at 302-351-7402.
Very truly yours,
Thomas A. Kane, President
Magnum Cash Advance
1403 Foulk Road, Suite 203
Wilmington, DE 19803
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Personal info removed for your safety - Mike
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pierson32
Joined: 27 Apr 2006
Posts: 21
Debtcc Points: 615
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| Posted: Wed May 03, 2006 6:22 pm Subject: |
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OH MY!! Thank you for posting that letter. I just found that a company we had a loan with, that only lent to military, is the SAME company as Magnum. Very interesting. If the link is the same one as on their other site, it just goes to title 5 of DE code, the section pertaining to how and what records they must keep. And they can keep asserting that they are not subject to VA law, but as Military Financial they DO advertise in VA. I recognized the address, and I also have received a letter signed by Mr. Kane lol.
Also, they are licensed as a small loan lender, with a limit of $500 per loan. Under Magnum they will loan up to $1200, and under Military Financial they will loan up to 40% of a service member's net pay.
I need to make some calls tomorrow....
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set4sail
Joined: 03 Jun 2005
Posts: 414
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| Posted: Wed May 03, 2006 6:33 pm Subject: |
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pierson32
has Magnum violated any of this in their collection practices?
http://www.cfsa.net/genfo/egeninf(dot)html
On their site, they have listed that they belong to a voluntary association of pdl companies, and each member is supposed to follow the list of guidelines. If they aren't, report them.
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set4sail
Joined: 03 Jun 2005
Posts: 414
Debtcc Points: 7636
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| Posted: Wed May 03, 2006 7:06 pm Subject: i don't understand what you are saying, |
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they are only licensed in the state of delaware, and to my knowledge that is the only state but they advertise over the internet and pretty-much approve everyone.
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pierson32
Joined: 27 Apr 2006
Posts: 21
Debtcc Points: 615
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| Posted: Thu Jan 04, 2007 6:25 am Subject: |
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i am going to start on them now
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ssgnewtonj
Joined: 31 Dec 2006
Posts: 72
Debtcc Points: 1904
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| Posted: Wed May 23, 2007 8:28 pm Subject: information on laws pertaining to payday loans in Michigan |
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I took out a payday loan on 2/16/07 for $300. I was to repay $390. I defaulted and was unable to pay. Today, I agreed to pay the loan, with making payment arrangements. VC Funding located in Leawood, Ks now says I owe $763.90. They would not accept any arrangements. Stated I pay the $350 today by 4p.m. And if not they would file criminal charges against me for interstate bank deposit and applying for a payday with the intent to not pay. I called the State of Michigan, after locating information on-line pertaining to Michigan law. VC Funding is not license in Michigan and the database has no information pertaining to me with any loan with them. Can they file criminal charges against me and can I still send a payments until the loan is paid to them.
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DL
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Debtcc Points: 100
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| Posted: Wed May 23, 2007 8:45 pm Subject: |
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No they cannot file criminal charges against you! They can send you to a collection agency or they can take you to civil court but that is about it. It is illegal for them to threaten you with that!
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Leah
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