Home

Forum

Debt Consolidation, Debt Management and Debt Settlement

United Cash Loans: Be aware of this company

Message

Author

Posted: Sat Feb 02, 2008 11:59 pm Post subject: Another Question

Hello,

I have 3 payday loans. I live in TN.

Below are the three lenders, amount deposited, and amount paid to this point:
SSM - 300/360
Flash Loans - 400/480
United Cash Loans - 300/380

I looked on http://www.paydayloaninfo.org/state_detail.cfm?id=TN and it appears that none of these are licensed in TN. One, SSM, I did not sign papers for. It appears from what I can tell (which is not much since I do not receive any updated information from the lender) that they are continuing to roll them over.

Below is the information from TN:

Quote:

Legal Status: Legal

Citation:
Tenn. Code Ann. §45-17-101 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

I have looked over this thread and think I should do the following:

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,
http://www.tennessee.gov/tdfi/

Close bank account if possible
If not possible, ask bank to cancel withdrawals
File a complaint on http://www.tennessee.gov/tdfi/crd/complaintprocess.html

Is this correct?

Also, how do I know if I have paid enough? Or, does it matter since I have paid at least the principal on all and they are not licensed in TN?

Thanks for the help!

Joined: 02 Feb 2008
Posts: 3

Debtcc Points: 101

Posted: Thu Feb 07, 2008 4:11 pm Post subject: United Cash Loans

This firm is a real rip-off. I want to pay off my loan in full and I have emailed them the form that they require to let me do so. However, they will not verify that they have received this special "form" and no phone number is listed on the paperwork. I am going to complain to the Attorney General of Ohio about this bogus firm. Meanwhile, they can keep charging me over 300% interest! DO NOT DEAL WITH THIS COMPANY! _________________ Register today to encash debtcc points.

KinOH
Guest

Debtcc Points: 100

Posted: Sat Feb 09, 2008 7:30 am Post subject: UCL pay in full

KinOH, Go To unitedcashloans.com/ and click Contact Us. Ask them to email your user name and password. After receiving, log in and change your payment frequency to pay in full. This worked for me, they took the full amount on Friday. Good news from me! I got my income tax and paid all of my loans from SSM LLC, United Cash Loans, PayDay Select off. Also, I sent a message to Flash Loans with the law and they cleared my loan out immediately -- $520.00! Yeah! Thanks to everyone who posts here -- this has already saved me 520.00 or more. Also, I did not know how to contact this darn SSM LLC until looking here since they do not post anything on online. Only one more left and I can put this behind me, yeah! Rhonda

Joined: 02 Feb 2008
Posts: 3

Debtcc Points: 101

Posted: Wed Feb 20, 2008 2:13 am Post subject: UCL is doing the same to me...

I too have taken out a payday loan with UCL, I never got a confirmation email or a phone call or anything. They just kept taking out of my account. I put a stop payment on them and they somehow were able to write a phony check for 480... my bank is going to go after them for this but in the mean time I am out the money. Does anyone know if they are licensed in the state of NY? Personal e-mail id removed as per forum rules. - Jason

Slisz2006
Guest

Debtcc Points: 100

Posted: Wed Feb 20, 2008 4:12 am Post subject:

I Live in NY also. NY prohibiuts pdls. None are legal here. Putting a stop paymnet never works, that is why we advise closing your account and opening a new one. They will change names, amounts, aor as in your case put thru a paper check. Also ucl is part of MTE and they are not licensed anywhere. You are only morally obligated to repay the principle amount borrowed. Again. none of these loans are legal here in New York.

kashzan
Debt Samaritan

Joined: 11 Jul 2007
Posts: 5461

Debtcc Points: 38903

Posted: Wed Feb 20, 2008 9:25 pm Post subject: Thanks

Thanks for the info... everyone. This site may have just made my case. I was also wondering about filing a class action suit against these jack#####... does anyone know about stuff like this? _________________ Register today to encash debtcc points.

Slisz2006
Guest

Debtcc Points: 100

Posted: Sat Mar 08, 2008 11:23 pm Post subject: i have a loan with united cash loans

I got a 250.00 loan on july 26th of last year with united cash loans,that was 8 months ago,so so far i have paid nearly 800.00 on this loan,they have been taking out more than the renewal fee,what can i do. _________________ Register today to encash debtcc points.

sara112253
Guest

Debtcc Points: 100

Posted: Sat Mar 08, 2008 11:48 pm Post subject: Is anyone interested in starting a class action

Is anyone interested in starting a class action,i got a loan of 250.00 last july,i have paid 800.00 or more on this loan,im on disability and i wanted to pay my loan off last year but was told i would have to wait 3 days before my due date,they sent me the letter 2 days before my due date,so i couldnt pay it off,so is anyone interested in a class action? _________________ Register today to encash debtcc points.

sarah112253
Guest

Debtcc Points: 100

Posted: Thu Mar 20, 2008 10:31 pm Post subject: United Cash Loans

I have been dealing with United Cash Loans as they claim that I owe them money. I asked what day and what account they deposited the money and faxed them my bank statement showing that there were no deposits from them. They told me that because I blacked out stuff that had a date a week later than what they said was the date it was deposited they would not accept it. I asked them what state they were licensed out of and they refused to answer. I call the FTC and Utah State Attorney General about it and they told me it sounded like a scam and not to pay them because they have no record of United Cash Loans being licensed anywhere to do pay day loans. My suggestion to everyone that has any dealings with United Cash Loans is to not pay them any money whether you really owe them or not as they are not a legitimate company and were violating the law when they made the loan. They will harass you but when you tell them to put it on your credit report or sue you they do not because that would mean they would be giving you access to the information they are trying to hide but are required to provide you with.

Kendric
Guest

Debtcc Points: 100

Posted: Wed May 07, 2008 1:12 pm Post subject: United Cash Loans in PA?

How can I find out if they are licensed in the state of PA? I too, have a 200.00 loan & they've debited my acct for 375.00 already. I had closed the account & now they are calling me at work harassing me.

Catizhere
Guest

Debtcc Points: 100

Posted: Wed May 07, 2008 4:03 pm Post subject:

They are not going to be licensed in PA. Here is the link to check though..... http://www.banking.state.pa.us/banking/site/default.asp _________________ In life it doesn't matter how hard you hit, it matters how hard you get hit and keep moving forward.

RoxyNY
Moderator

Joined: 03 Aug 2007
Posts: 4093

Debtcc Points: 11661

Posted: Fri May 09, 2008 8:26 am Post subject: UCL harassing me at work

So what can I legally tell these people when they call me at work? I think that since I took their money, I really should pay it back, but the so-called renewal fees more than cover the original amount of the loan. Is there a "script" or something that I could read them asking them to consider the loan paid in full? Even though I paid more than I borrowed, I would even consider the overpayments as Interest or fees. Sure, I wouldn't mind getting them to refund the overage, but at this point, I just want it to be OVER WITH.

Catizhere
Guest

Debtcc Points: 100

Posted: Wed May 14, 2008 6:44 am Post subject: United Cash Loans

Has anyone ever talked to a Nujin? I have a message to call him.. I was just wandering what will happen if I dont return his call. I live in TN and also wanted to know if they are legal here in TN.

TaraStehle
Guest

Debtcc Points: 100

Posted: Wed May 14, 2008 6:47 am Post subject: reply

i think UCL won't be licensed at all.how much did you borrow and how much have you paid total.

paulmergel
Moderator

Joined: 24 Jun 2007
Posts: 3579

Debtcc Points: 12702

Posted: Wed May 14, 2008 7:24 am Post subject: UCL

I borrowed 300.00 and I believe I have paid 360.00. What can I say to them when they call me. I mean they are even harassing me at work.

TaraStehle
Guest

Debtcc Points: 100

Posted: Wed May 14, 2008 7:34 am Post subject: reply

i take it since they are calling they can't debit any more.good,send a letter stating your state laws,as well as a C&D letter.you paid what you are supposed to.tell them not to call you at work.once they get your letters they legally can't.send the letters certified mail return receipt.