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 Posted: Fri Dec 07, 2007 10:21 am Subject: need help problems with web pay day
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Hello my names Mohammed, I took out a loan of $300 and was paying web pay day back. They first called me last Tuesday and told me that if I don't pay them $160 I would have to go to court. I told them my current financial problems. I have no job right now, and my bank account was charged off for a long time of negative balance. I told them I want to pay them back asap, but I need to find a job first. They told me not possible, and that they need to post-date a check by Friday, or I go to court. They gave me threats of how I would have to pay thousands of dollars in legal cost and that their own legal fee's would have to be paid by me. I told them I need time to get a job and then they just hung up on me. Two days ago they called me and told me that I bounced a check over state lines for $160. They said I authorized a payment of $160 from my bank account. I told them again I have no accounts open, and they told me I need to get a attorney to represent myself. Today they called me I didn't pick up.
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zmanforever2132
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Posted: Fri Dec 07, 2007 10:36 am Subject:
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Hello, how much have you paid them so far? What's the name of the company and where are you located?
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Shazzers
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Posted: Fri Dec 07, 2007 10:38 am Subject:
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I have paid them over $300, its the interest and balance problem. The company is webpayday. They harass me from this number 1-866-504-7548. I live in New York.
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Posted: Fri Dec 07, 2007 10:39 am Subject:
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The company is Web Pay Day
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volleyballmom
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Posted: Fri Dec 07, 2007 10:42 am Subject:
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Sorry about that post^^, anyway, I realized it was WebPayDAy after I posted, sorry! What state are you in?
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Shazzers
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Posted: Fri Dec 07, 2007 10:43 am Subject:
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i live in New York please help me I am so nervous, and i can never sleep at night.
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zmanforever
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Posted: Fri Dec 07, 2007 10:43 am Subject:
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New York
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volleyballmom
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Posted: Fri Dec 07, 2007 10:44 am Subject:
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I believe 1-866-504-7548 is a collection company, here's a link showing that same number:
phoenixdm.com/
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Shazzers
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Posted: Fri Dec 07, 2007 10:49 am Subject:
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New York State Information
| Quote: | Legal Status: Prohibited
Citation:
Licensed lender law applies but interest rate is that agreed to by contract. N.Y. Banking Law § 340 et seq. A check casher licensee cannot make loans nor cash or advance any moneys on a post dated check unless it is a payroll check. N.Y. Banking Law § 373. Criminal law sets the usury cap at 25%. N.Y. Penal Code § 190.40.
Small Loan Rate Cap
25% per year
Where to Complain, Get Information:
Regulator: New York State Banking Department
Address: One State Street New York NY 10004
Phone: 1-877-BANK-NYS
Fax:
Regulatory Contact: Regina A. Stone Deputy Superintendent
Regulator’s Website
http://www.banking.state.ny.us/
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volleyballmom
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Posted: Fri Dec 07, 2007 10:49 am Subject:
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they have said they are calling me on behalf of web pay day and my balance with them. I have no job and they won't settle for small payments every month. By small I mean around $30 dollars a month, I am a college student. They are mean people all they want is the full $160. They told me to call people I know and ask for money, are they allowed to say such things?
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zmanforever
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Posted: Fri Dec 07, 2007 10:50 am Subject:
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Pay day loans are prohibited in NY...use the link Shazzers posted above, write them a letter telling you:
Not to call anymore
Tell them to validate the debt
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volleyballmom
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Shazzers
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Posted: Fri Dec 07, 2007 10:54 am Subject:
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can i email them, or only written letters. also i have asked them over the phone to mail me a letter stating the debt. My father said he will pay as soon as we get a validation letter.
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zmanforever
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Posted: Fri Dec 07, 2007 10:55 am Subject:
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i will mail them this letter asap
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zmanforever
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Posted: Fri Dec 07, 2007 10:55 am Subject:
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I would send one certified return receipt requested, AND email.
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Shazzers
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Posted: Fri Dec 07, 2007 10:59 am Subject:
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I am also from NY.If you have already paid the principle back, then that is all you nee to pay them. Please file complaints with the bbb and the Ag . Please do nit stress over this and certainly do not pay them another dime. You have already filled your obligation according to NY law.
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kashzan
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