Can anyone tell me if these people are legal in Indiana??

Hello. I am looking for some help and advice about dealing with 5 pdl that I have from internet sites. They are: 5-Nevis Marketing, ameriloan, 500fastcash, Emerald Marketing and Geneva Roth.
I have closed my account at 5/3 bank today to prevent any further fees being taken out from these companies. I am hoping they do not reopen my account when these companies try to debit the account again.

Also, does anyone have any advice about how to deal with these companies myself? I have contacted Langhorn Law and they are eager to help, but I think their fees are a little excessive. All five of these pdl are for $300.00 apiece and they are wanting to charge me approx $600.00 to take care of a $1500.00 debt. Any type of response is greatly appreciated.

Mwma, Welcome, there are many people here who will be happy to help. I noticed you said these are all internet. If you would please post the company name, how much you borrowed and the total of how much you have paid them (for example - Cash net - borrowed 300, paid 260) This will help us be able to tell you what your next steps should be. Someone should be along soon to post your state laws and we will all be able to help you from there. Roxy

The rules and regulations issuers of payday loans must abide by in the state of Indiana here (just select your state),

http://www.debtconsolidationcare.com...pdls-laws.html

You can check licenses by checking to see if they are on this list:

Okay I have my totals.

5 Nevis Marketing: $180.00
Ameriloan: $180.00
500FastCash: $180.00
Geneva Roth: $360.00
Emerald Marketing: $360.00

These are interest only payments on loans that were for $300.00 each. None of these are liscensed in Indiana. I have closed the bank account on Tuesday so that no more fees will come out. Where do I go from here? I have been ready on here about a no contact letter, could anyone direct me on this? Also I am worried they will contact my references. Has this happened to anyone?

Mwma, Most everyone has advised me they usually do not contact your references as long as they have a way to contact you. I correspond only by e-mail so I have documentation for my AG and BBB and FTC cases. My computer is going to down for 30 minute maintenace and I will send you a letter and explain the next step when It comes back up.
Roxy

roo, you need to contact 5/3 bank. I've had my dealings with them. I closed my account; however, pending pdl debits "forced" it back open. Ugly, ugly situation. You need to contact them and have them assure you that this will NOT happen. If possible, get it in writing from them. 5/3 will force accounts back open. Been there/done that. Also, none of your internet pdl's are licensed in the state of Indiana. Actually your internet pld's are not licensed at all. This means they are operating unlicensed/illegal. What this means for you is that you only are obligated to pay the principle amount of the loan back only. I see you posted your loan amounts; however, it's not clear. Post how much you borrowed (principle only) and the amount you have paid back so far (total). This way we can see how much you have overpaid/paid/still owe. As for your question regarding the internet pdl's calling your references, none have ever contacted my references. Yes, they will call you at your place of employment, home phone, cell phone, whatever number you gave them. But they haven't called any of my references. Please post your loan amounts and we can help you further! Also, please take my advice regarding 5/3. You need for them to assure you that this account will not be forced back open. That'll be a whole other problem if that happens.

Yes, please take everyone's advice here...I'm in Indiana as well and everyone has helped me out a great deal.........you probably have paid back most of them if not all back...

cannr: If I only need to pay the principal down then I have overpaid on two of them.

I have 5 loans all of them are $300.00 apiece.
So so far I have paid
Geneva Roth: $360.00 (overpaid $60.00)
Emerald Marketing $360 (overpaid $60.00)
5 Nevis Marketing $180 (still owe $120)
ameriloan $180 (still owe $120.00)
500fastcash $180 (still owe $120.00)

I hope that helps clarify this more.
I am going to call 5/3 right away!

I would consider Geneva Roth-PIF
and Emerald Marketing-PIF

Thanks Tweety! I am so so thankfull that I have found this site! And it is so reasuring that I am not alone in this struggle and not the only one to make this terrible mistake.

Do I need to contact Geneva Roth and Emerald Marketing to let them know I am considered PIF? I am going to contact 5/3 bank right away because these are the two lenders that are to try to debit my closed account on Friday.

Get your bank account straightened out NOW. Do this ASAP. Get it straightened out before saying anything to your pdl's! Do not say a word to them until your money is safe. If you clue them in to the fact that you want a PIF or that you're closing your account, they will be all over that account taking every dime they possibly can. Get 5/3 straightened out NOW. Then we can send your letters out getting pif's and also letting the others know you're paying principle only. First, get on the road to 5/3 and get this straight!!! You're money will be safe & we can then proceed from there. Do not say a word to your pdl's yet.

Just an update guys! I am going into town today to check with 5/3 to make sure that they will NOT force open the account that I have closed due to pdl EFT's. I will let you know what I find out. I am also going to try to get the answer in writing. Talk to you all tonight!

Ok, I have jumped through all the hoops to get something in writing that my account I had at 5/3 bank cannot be forced open due to these pdl companies. I am an eager student. What do I do now guys?? I am sure they will start calling the house soon!

Okay, roo. 5/3 gave you something in writing. Great job! 5/3 isn't too swift on the whole closing your account thing. They like to force it back open. You're good to go now. Your pdl's will not hit your account. You will have your paycheck back. Two of your pdls are overpaid. You need to request a refund. The others you only owe the principle on (deduct what you have paid). You have already figured out your amounts. Good job. Now, the letters need to be sent and the complaints need to be filed. First, the letters you send will basically be "the same". You just need to re-word them to fit the specific pdl and what you are demanding (a refund or to only pay the principle). But you need to send the letters so you'll have documentation of everything. Once they can't get their debits, they will try calling the hell out of you. Once they get the letters, they're really going to try to call the hell out of you. If at all possible, try not to take the calls. Do all communicating via email or USPS only. You need documentation of everything. Phone calls can not be documented and show proof of their threats, lies, etc. Okay? So are you ready??

After the bank account was taken care of I sent letters to all my ipdls satating that I revoked their right to debit my account, revoking any and all wage assignments, asking they contact me by email only and not call me at aork or contact my references. I included the Indiana laws and stated I over paid please mark me PIF and refund the difference (which they hardly ever do) or state the balance you legally owe and ask for an address to send the balance (or whatver payments arrangements you wnat to make). Then file complaints with the BBB, The Indiana AG and the FTC. The AG office here in Indiana will mediate on your behalf by sending them a letter...I have gotten 3 out of 5 PIF's that way so far. Any questions, please post and we will be here.

Cannr...I guess you type faster than I!