Indiana - online PDL Troubles

Well, it has been almost 2 months and I have not heard a peep out of any of the ones I still owe. Hmmm, wonder if the letters from the Department of Finance worked. It sure is nice to have my whole paycheck again!!

BikerGirl...I too had to deal with ARM out of Florida..it was for a loan with CashAdvance.net. I sent them a letter also copies of the new Indiana laws on small loans. Also a note on banks in Indiana at the bottom of the notice (on the DFI websites) it clearly states: ALL FINANCIAL INSTITUTES OPERATING IN THE STATE OF INDIANA WILL BE ADVISED THAT ELECTRONIC PAYMENT AND OR /PAPER/CHECK TRANSACTIONS CONNECTED WITH THESE ILLEGAL LOANS SHOULD BE REJECTED IF AN ENTITY IS UNLICENSED. CONSUMERS WILL BE ADVISED ON THE PROCEDURE TO STOP ELECTRONIC DEBITS TO THEIR ACCOUNTS USING RETURN CODES. If my bank gave me any trouble I think I would contact DFI about this statement find out my rights about using return codes.

Well... Heard from Interim Cash this morning from phone number 442084922780. I borrowed $250 and have paid back $115 and they still want $450. I told him NO NO. Told him that I tried to work with them back in September and they didn't want to work with me so I reported them to the Department of Finance and was advised that since I took this loan out after July 1, 2007 that since they were not licensed I do not owe them a dime and I got a letter from the DFI stating this. Then he proceeded to tell me that I was being charged for this call, how could that be possible if he was calling me? So I hung up on him.

LOL being charged with the call......That's a first for me I have never heard that one...good for you for standing up to him!

Oh, I'm cracking up! They'll probably put the "fee" for the overseas call on this poor person's "balance owed". OMG!

I wish I could figure out how to charge the phone call to the person I am calling...without calling collect...I would have no phone bill then.

Being charged for the call...Bikergirl he probably didn't know what else to say after you told him what you told him. Last ditch effort...hopefully.

Has to be.....

Is it true that if the ipdl is unlicensed it can not show up on your credit report?

It can show up, but you can dispute it.

Well, now I have National Credit Adjusters calling me for Paycheck Today. I owe them $159 and Paycheck Today would not settle for that. National Credit Ajusters says I owe $450. Told them that I wasn't paying that and hung up on them. Very rude also.

I've dealt with National Credit Adjusters....(LISA RAY) She tried the same thing on you. I asked for validation on the debt and they refused. I filed complaints and they never responded. I sent another letter of validation to them and I have still heard not a word from them.

Im in a mess myself and probaly gonna do bankruptcy. it seems its my only way of this mess.My lawyer said he can stop all of them and give me some peace of mind.