Question about refunds?

I have used numerous pdl over the past 3 years, should I request refunds from the paid off accounts?

what are your thoughts?

How will you prove to the lending company that you are eligible for a refund? You must have proof to show that the company has charged you excessively as per the state laws. Get all the statements of your loan company and compare it with the permissible rates in your state. After a thorough review, if you realize that you have been excessively charged, consult an attorney. Statistics on getting refunds from the payday loan companies is handful. You can give a try and see where you stand.

I would personally. However,that does not seem to be a popular opinion in this forum.

It seems most people are satisfied having them marked "Paid in Full!" To each his own I guess!

I think you are allowed to go back Two years in requesting one.

these are the companys I have had loans with:

Fsm Processing
paycheck today
quickpaday.com
paydaymax
cash today
paragon funding
its my payday(national opportunities)
no faxing payday loan
nationwide cash.com

current loans and status
1000-easy-payday-loan.com--- working on paying off
cashnetusa--- follows state law will be paid off on 7/1
payday ok -- debit relieved with refund pending
payday select --debit relieved with refund pending
apple -- has letter for me
sonic cash - - is review letter and account
usapayday--- payment plan
zip cash --payment plan


has anyone had luck getting refunds from the above companys?

Let's say that five bucks flew out of your hand in the wind, and is sailing away. Should you drop what you're doing, cancel all forward motion, and run back and get it? Maybe there's a twenty someone else lost up ahead. My suggestion is, don't look back, it's going to cost you too much in lost opportunities alone - it's too much work. If you've got money to burn and can hire a team of lawyers to go chase it for you, by all means chase away. But if you're working for a living, you're better off trying to maximize the time you've got, rather than to waste it on things that are already gone into the past.

VLD, you make a good point here. I have received two refunds from pdl lenders due to overpayments but I was in the process of settling the loan with them anyhow. I'm sure others owe me refunds but I have bigger fish to fry at this point. Today, I received a letter in the mail from a pdl lender in Delaware that I have been fighting for the last few months for various reasons. They have marked my account paid in full and nothing will show on my credit reports. I have calculated that they do owe me money per my state laws but I have decided to stop fighting this one. It was a huge relief to get that letter since I am going after one internet lender in particular and I want to spend my time on that. It is really your decision but you will need to have your records in order.

I have looked at Polly's blog and it seems a little confusing to me. I am looking for something short. sweet and to the point. I have already paid back the money I owe, mostly in fess. I am sure I am owed a refund, but that is not my concern. I want them to stop contacting me, especially since they are not licensed in the state of Virginia anyway, which made it a legal transaction (Thank God I cam across this website!). Does someone know where I can get a sample letter or two that I can send out tomorrow?

Thanx

The situation varies from one person to another. Write your letter using simple words that explains the best to your lenders. You don't need to use any words that have to signify something. Your explanation should be clearly understood by the lenders and they should be able to work as per your arrangements. (Imagine, how a salesman sells his product and after hearing him, we think about purchasing it) You will have to use that sort of communication in writing.

You will need to quote something with your state laws on it, that is always useful. Maybe include some pages of payday loans in Virginia. Simply write something that suits your needs such as per state laws, I've paid this amount, please consider my loan paid in full. Also, all communication must be done in writing and no calls at my place of employment will be tolerated or allowed. You may also want to include your figures in there on how much you've paid.

these are loans that are paid in full. I want to hit these paid loan company for all the overcharges in the past.

Am I reading correctly that you can request of refund of the high interest you've paid to PDL companies?
How would one go about requesting a refund? I've spent plenty on interest. I live in Oregon which has very lax payday loan laws.

guest...requesting and receiving are very different animals here! Remember who you're dealing with here...please review Virginia Legal Defense's post above and reconsider...you might be opening a new can of worms that you don't want!

I am also one who was in the pdl cycle and am now out of it. We are still paying on a few but most of the many are gone. I did not receive any refunds but did have some accounts marked paid in full and others we paid off. I was happy to have them marked paid in full, I did ask for a refund on one but they denied it. Do whatever you think is best but do review the above posts!

I personally never got any refunds. I am only working on one right now, National Cash Advance.

Here's the deal: When I sent the letter requesting they mark me paid in full, and filed a compliant with the BBB on them, they sent me a letter stating that they NEVER had an account for me. Since I have proof that they debited from my account, I am requesting a refund of all of it since they claimed to "never have an account for me."

Other than that, I've decided to NOT ask for refunds for all the other past PDL's. I really don't want to deal with them at all anymore.