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Cardskh · Posted: Tue Jul 01, 2008 12:41 pm Subject: Need Advice please!!!

OMG... I have gone into this PDL spiral and if I don't get out of it soon I will end up losing my house and car. I originally took out one then paid it back, then two and paid it back, but then I hit a rough patch back in the fall and now here it is July and I have 11!!!! Help!! I have been reading through the post here and I see there is hope. It took me over an hour to sit down and gather the information requested so here it is....if any of you have any information on any of these lenders and the best course of action please help!!!

I live in Indianapolis

All of these are Internet Based by the way...

United Cash 200/ pd $180
Upfront Payday 300/ pd 360
Ameriloan 300/pd 500
Arrowhead Investments 300/pd 270
MyPaydayLoan.com 450/ pd 874.88
247 Advances 200/ pd 375
Payday 2 Go 200/ pd 375
GRC Funding 300/ pd 450
B & L marketing 300/ pd 450
Upfront Payday 325/ pd 300
Impact Cash 300/ pd 300

Posted: Tue Jul 01, 2008 1:00 pm Subject:

Someone will be along shortly to post your laws for your state. Hang in there we are here to help you out of this cycle. To tide you over until someone can get back to you, you are going to have to close your checking account and you need to read the thread on closing your checking account due to pdl's prior to doing so.

Others will be along to advise you further.

Posted: Tue Jul 01, 2008 3:10 pm Subject:

Indiana requires a lender to be licensed in Indiana in order to lend legally. They must follow Indiana laws.

I'd venture the guess that none of your loans are from licensed companies.

Posted: Tue Jul 01, 2008 3:14 pm Subject:

Are all of these pdl's up to date..meaning have you borrowed any more on them? Just wondering as it looks like to me that you have paid them all of the money borrowed and then some.

Posted: Tue Jul 01, 2008 3:16 pm Subject:

Goudah you are correct! I have searched these companies, and have not found any licenses on these IPDLs. They could be doing business under different names like Ameriloan is a d/b/a of MTE which is still highly ILLEGAL Evil or Very Mad

Cardskh, do not let these PDLs get another dime of your money. Most are way overpaid and owe you a serious refund. I would immediately put a hard block on all incoming debits on your bank account or close it completely if you can. Please read the following thread on closing bank accounts before you do so.

http://www.debtconsolidationcare.com/paydayloan/close-account.html

Posted: Tue Jul 01, 2008 3:24 pm Subject:

Here are your state laws:

cardskh · Posted: Tue Jul 01, 2008 3:57 pm Subject:

Yes I have paid the full amounts and then some on these pdls. I am hoping my bank will be helpful and not charge me any fees when the debits try to come through.

Cardskh · Posted: Tue Jul 01, 2008 5:57 pm Subject: Lasting Effects...

Okay I have one more question for you guys. Has anyone been free of these evil PDLS for a long time? Say over a year? The reason I am asking is because I have this fear that they will be lurking to try to garnish wages or something somewhere down the road. And thank you all again for the information and support. I feel better knowing I am not alone in falling into this trap!

Posted: Tue Jul 01, 2008 6:12 pm Subject:

Listen, PDLs cannot garnish your wages. Some ILLEGAL PDLs try to make you sign a Voluntary "Wage Assignment" at the beggining of your contract. Let me stress it is VOLUNTARY and can be revoked at anytime. Please type wage assignmnets in search box uptop for more info. There are many ppl here on this forum who have been PDL free for 1yr plus more. Government debts and IRS, things of that nature will proceed with garnishmnets. If you have an installment loan which is not a PDL, it is of a different nature, then they can sue you and place judgment against you to collect their debt. But these are only LEGAL LOAN companies. The internet PDLs you have listed are all ILLEGAL and cannot garnish your wages. I will tell you they will try and scare you into paying by verbal abuse over the phone and through emails that's it. They may even threaten you with the infamous "Download" scare. But it is all bogus! As long as you have paid what you borrowed and get your paid in full letter marked with them you will be fine. If they try to come back in the future with this nonsense they are SOL Wink

Posted: Tue Jul 01, 2008 6:25 pm Subject:

Agreed. I copied every email I got from the PDLs that was connected to my PIFs and kept the receipts for any funds I sent to them. I have neatly packaged it away for future reference, should I need them. Please don't spend your precious time worrying about the what ifs of these guys. I have found that most of the stuff I could worry about never happens and if it does I deal with it as it comes my way. Life is way too short to give ANY more of your time to someone who doesn't deserve it. Good Luck. . .and try not to worry.

Posted: Wed Jul 02, 2008 8:06 am Subject:

Actually, they could garnish your wages . . . . There are some pdl's out there that do try to sue people, and if the person doesn't respond they get a default judgement and can garnish. If the person does respond, the case is normally thrown out. Tremont is a great example of this.

Never say never with pdls . . . . . . There is almost always an exception.

Posted: Wed Jul 02, 2008 8:47 am Subject:

have they called your work?

Posted: Wed Jul 02, 2008 9:23 am Subject:

So they TRY and sue, and TRY and garnish by a court order?? If a PDL tried to garnish my wages and took it that far that is ludacrous! Do what is right and pay them what you owe them legally. Do not waste time by avoiding any debt. Pay what you owe and that is it!

Cardskh · Posted: Wed Jul 02, 2008 12:21 pm Subject:

No they have not tried to call my work. I have not missed a payment...YET.... but I'm sure here soon I will be hearing from them. Someone mentioned a C and D letter, what is that? Sorry to have so many questions. I just want to make sure I have my bases covered. I am planning on going into my bank on Monday to speak to them.

Posted: Wed Jul 02, 2008 12:27 pm Subject:

No problem, we are all here to help Very Happy

That is a cease & desist letter to your PDLs informing them not to contact you at work, home, or contact any references. You can find many examples here on this forum.

Here is an example:

http://www.debtconsolidationcare.com/template-cdletter.html

Cardskh · Posted: Thu Jul 03, 2008 7:20 am Subject:

Okay, so I have read that some people have sent their letters by certified mail as well as via email. I can not find email addresses or addresses for the following:

247Advances.com
GRC Funding
B & L Marketing
Arrowhead

If anyone has any information on these it would be greatly appreciated.

Also, basically if any of these have charged me more than the allowable fee in the State of Indiana I do not owe them squat, right? I plan on sending the state law that Jen posted for me. My next payday is next Friday so I'm hoping to get this all settled with my bank on Monday to block the next round.

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