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 Posted: Tue Jan 02, 2007 4:59 pm |
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Well i contacted them and told them voice this time they were no longer authorized to debit my account. Was put on hold and given to a supervisor and I told him i emailed and faxed the revocation letter to them and they had best not do it. Of course he stammered a minute and said okay but now i will owe them a lot more money because i am defaulting on my debt. I stated that their fees where not in accordance with oklahoma law and the terms of their contract requiring ACH debit were not either as stated in OK State Statute Title 59 and that they were not licensed to conduct business here. Then i got the legal department will contact you. I said okay no problem and I am sure my attorney will contact you as well. Would you like his number now? "click!" They hung up on me. When i called back and got someone and gave my information...."click" Then i tried to access the website to copy it to show the fees and low and behold i was already blocked out. Guess they are scared. Just thought it was funny and wanted to share that with you all and to all the moderators..thanks for all your advice and help..i so love this site!
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ssgnewtonj
Joined: 31 Dec 2006
Posts: 72
Debtcc Points: 1904
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| Posted: Tue Jan 02, 2007 5:01 pm |
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LOL! That's GREAT! I'm loving this - keep sharing your experiences, we're really enjoying this!
_________________
A journey of a thousand miles begins with a single step...and becoming debt free is a journey!
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SUEBEEHONEY70
Moderator
Joined: 12 Oct 2006
Posts: 4386
Debtcc Points: 61043
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| Posted: Tue Jan 02, 2007 5:04 pm |
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My guess is if you have overpaid the loan in roll over fees which exceeds the principal and legal interest rate for your state, they are done with you.
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WHEREAMI
Joined: 26 Aug 2006
Posts: 5317
Debtcc Points: 71258
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| Posted: Tue Jan 02, 2007 5:04 pm |
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well its you all that got me fired up to dig all the laws up and gave me the links to get started..i have a new goal..to put these guys out...i have even seen them nail my soldiers..but soon members of the military will be protected by the 36% cap which will rid us of some of them...but i would like that cap for all of you...i am going to start writing my reps in DC and in the state of oklahoma. because our apr cap right now is 390%.
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ssgnewtonj
Joined: 31 Dec 2006
Posts: 72
Debtcc Points: 1904
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| Posted: Tue Jan 02, 2007 5:05 pm |
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OMG, ya mean that they will do that?? I haven't went back to any of my old PDL sites b/c I don't want to get back into any of that stuff. I feel that if I go back, I will be tempted. I am sure that everyone knows what I mean...
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natdust20
Joined: 19 May 2006
Posts: 1344
Debtcc Points: 14935
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| Posted: Tue Jan 02, 2007 5:05 pm |
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HA!! You got 'em!! These theives are terrified..
I LOVE it when someone kicks a payday loan place in the butt! Nice job with everything you're doing, you're awesome!
_________________
"It's a treat, being a long-distance runner...."
Allan Sillitoe, The Loneliness Of A Long-Distance Runner
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finsfan13
Moderator
Joined: 17 Feb 2006
Posts: 7018
Debtcc Points: 59833
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| Posted: Tue Jan 02, 2007 5:06 pm |
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Actually that law putting the 36% cap on these loans for military members is already in effect.
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WHEREAMI
Joined: 26 Aug 2006
Posts: 5317
Debtcc Points: 71258
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| Posted: Tue Jan 02, 2007 5:09 pm |
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oh really i read nov2007 if thats the case they broke federal law on any rollover then because you do a new contract on it..hmmmm...can ya pop me a link...oh and rollovers are illegal in my state i think..i will have to look again but i am sure they are...
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ssgnewtonj
Joined: 31 Dec 2006
Posts: 72
Debtcc Points: 1904
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| Posted: Tue Jan 02, 2007 5:29 pm |
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That's great news! I don't think you'll be hearing from them again.
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dbaker6
Moderator
Joined: 25 Aug 2006
Posts: 1609
Debtcc Points: 13841
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| Posted: Tue Jan 02, 2007 5:36 pm |
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Actually it's when the Dept. of Defense writes implementation instructions or Oct. 1, 2007. Which ever comes first, I thought the DOD already did this. I'll keep checking to see if they have.
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WHEREAMI
Joined: 26 Aug 2006
Posts: 5317
Debtcc Points: 71258
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| Posted: Tue Jan 02, 2007 5:39 pm |
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yeah i knew the implementation instructions but i cant find them anywhere yet..either way the companys are in violations of my state law. I am going to request a PIF letter from them. See they can be fined 1000 per violation of the law and rollovers arent allow here
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ssgnewtonj
Joined: 31 Dec 2006
Posts: 72
Debtcc Points: 1904
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| Posted: Tue Jan 02, 2007 6:07 pm |
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well i looked around dod.mil but couldnt find anything specific and it could be inside others so i just emailed DOD and will call JAG tomorrow and ask them...will let ya know what i find out
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ssgnewtonj
Joined: 31 Dec 2006
Posts: 72
Debtcc Points: 1904
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| Posted: Wed Jan 03, 2007 4:14 pm |
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well chalk one up for the good guys...here is the email i got from them today!!! As well as the one I sent them. I sent one for my wife to and she got the same PIF letter. I will put it under a new post!
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ssgnewtonj
Joined: 31 Dec 2006
Posts: 72
Debtcc Points: 1904
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| Posted: Wed Jan 03, 2007 4:17 pm |
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this is what i sent them to their customer service people prior to calling them
| Quote: | Customer States:
>
> I revoke all wage assignments and revoke any access to my bank
account until some issues are resolved. You have overcharged me pursuant to
Oklahoma State Statute Title 59, which states can only be charge $15 per
100 loaned up to $300 then $10 per hundred from $400 to $500. Contact
me so this maybe resolved. Also pursuant to Oklahoma State Law you may
not ACH debit my account.
>
> Please Contact me as soon as possible.
>
> John W. Newton
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I sent that a few days ago, now this is what i got back from them
| Quote: | THIS IS NOT AN ATTEMPT TO COLLECT A DEBT.
PayDay Select is sorry you are unsatisfied with its service. We will
consider your loan paid in full.
Payday Select Customer Support
support(at)paydayselect.com
866.554.5762
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Unsatisfied heck! I just busted em and they knew it..lol Well i saved and printed these emails but they have still been reported...Chalk one up for the good guys
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ssgnewtonj
Joined: 31 Dec 2006
Posts: 72
Debtcc Points: 1904
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| Posted: Wed Jan 03, 2007 4:48 pm |
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Wow that's awesome. I wish that I could get CASHTODAY to do this.
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natdust20
Joined: 19 May 2006
Posts: 1344
Debtcc Points: 14935
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| Posted: Wed Jan 03, 2007 4:50 pm |
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you can try something similar to the email that i sent and see what happens. they prey on ignorance, the moderators and everyone here taught me that. when i showed i knew what i was talking about they backed down so fast...lol
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ssgnewtonj
Joined: 31 Dec 2006
Posts: 72
Debtcc Points: 1904
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