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Hello all,
I thank God that I came across this site! I currently have 8 PDL's and I just want to get out of this mess for good! Here is the breakdown:

Storefront
1. Ace Cash Express: $600; Paid: $0 (new loan; just paid off previous loan and got another-really needed money)
2. Z Cash: $400; Paid: over $1000!! (they have been debiting my account for $100 every two weeks since February!)

Internet
1.Payday One: $450; Paid: $272
2.One Click Cash: $300; Paid: $90
3.CashNet USA: $500; Paid: $0 (recently paid off a loan with them; forgot to contact them to refinance the loan so they took the whole amount out of my account; got another loan)
4.PaydayMax: $400; Paid: $0 (same story as CashNetUSA)
5. Nationwidecash.com: I think $400; Have paid about $300 (My internet banking is down right now and when I logged into the Nationwidecash account, it just tells me that I have an outstanding loan and to contact them regarding payment arrangements)
6.mycashnow.com: $110; Paid: $0 (not due until 7-3)

I have read through several posts and I have gotten a lot of good information but it's a bit scattered. I just need to know what to do step by step starting from the beginning. Please help me, I want to get out of this...it's becoming hard to pay my other bills because I'm trying to make sure these loans are paid. It's like a never-ending cycle. Thanks in advance for any assistance you can offer!!

Posted: Thu Jun 26, 2008 4:05 am Subject:

Hello and welcome to the community! Smile

Let's see what we can do to help you. I will post your state laws, then we can go over the different pdl's and try to figure out whether they are legal/licensed or illegal/unlicensed. Hang tight while I research some of these. Meanwhile I will post your state laws. Smile

Also, check HERE to see if they are licensed. The thing is, you want to make sure none of these are CSO's (Credit Services Organizations).

Posted: Thu Jun 26, 2008 4:20 am Subject:

You may need to close your account to stop these ipdl's from debiting your account, if that isn't an option, then you'll need to place a hard debit block on that account. Please READ HERE first before you close your account.

If these store front pdl's are members of the CFSA, you have the option of evoking the EPP (Extended payment plan), that allows you to pay off these loans (the store fronts) in 4 equal payments on each payday. You have to request the EPP before the date they are due, at least one day in advance.

Paydayone, is fairly easy to work with and they are licensed, at least they were for me. What you will need to do is email or send a letter certified return receipt through USPS explaining to them you are unable to continue paying them one lump sum, and you need to set up a payment arrangement with them. In this letter, you will want to revoke the following, ACH transaction, wage assignments, and also cease and desist contact with you other than through emails or USPS. That is a quick break down of how you will need to proceed.

Posted: Thu Jun 26, 2008 7:14 am Subject: Thanks for the info

Thanks Shazzers for the info. I checked to see if the companies were licensed in Texas and only one, Ace Cash Express is licensed.

Question: If I place a hard debit block on my account will that prevent all PDL's from debiting my account? Also if I close my account can I reopen a new one at the same time and will the PDL's be able to access this new account?

For the storefront, Z Cash, can I use the same method of sending a letter including the ACH revoktion, cease and desist, and wage assignment or do they work a bit differently from the online PDL's? I have a payment coming up next Tuesday and they have received above and beyond the amount they loaned to me (~$600 over). How can I get a refund on this money?

Posted: Thu Jun 26, 2008 7:21 am Subject:

That is because the other ones are CSO's. Most all companies that lend in Texas are registered CSO's. This means they dont' have to follow the laws posted above.

Ace & Z are actually CSO's.

Payday One & Cash Net USA are CSO's.

They are legal.

Posted: Thu Jun 26, 2008 7:27 am Subject:

Here is the CSO registration for Ace Cash Express:

Name: Ace Credit Services, LLC # 24

Address: 1231 Greenway Drive Ste 600, Irving, TX 75038
1231 Greenway Dr Ste 600
Irving, TX 75038
File Number: 20060006
Status: Renewal
Expires: 3/3/2009
Account Bond: 6322581
Surety Company: SAFECO INS CO OF AM
Additional Locations: 527

Posted: Thu Jun 26, 2008 7:37 am Subject:

Name: Z Cash of Texas, Inc. # 1

Address: 15807 North Bend Ct, Houston, TX 77073
15807 N Bend Ct
Houston, TX 77073
File Number: 20080002
Status: Initial Registration
Expires: 1/14/2009
Account Bond:
Surety Company:
Additional Locations: 8

Posted: Thu Jun 26, 2008 7:38 am Subject:

Name: Payday One Express, LLC # 24

Address: 4150 International Plaza, Ste 400, Ft Worth, TX 76109
4150 Intl Plaza Ste 400
Ft Worth, TX 76109
File Number: 20060058
Status: Renewal
Expires: 6/30/2009
Account Bond: CMS229746
Surety Company: RLI INS CO
Additional Locations: 0

Posted: Thu Jun 26, 2008 7:38 am Subject:

Name: Cash America Net of Texas, LLC # 24

Address: 1600 West 7th Street, Ft Worth, TX 76102
1600 W 7th St
Ft Worth, TX 76102
File Number: 20060083
Status: Renewal
Expires: 10/5/2008
Account Bond: LPM7585617
Surety Company: FIDELITY & DEPOSIT CO OF MD
Additional Locations: 0

Posted: Thu Jun 26, 2008 7:40 am Subject:

The laws posted above would not apply to any of the companies you are dealing with.

The pdl laws for Texas are pretty much never used because ALL storefronts and just about every legally operating internet company all are CSO's.

Posted: Thu Jun 26, 2008 8:13 am Subject:

So..what can I do at this point with these CSO's?? Can I still close my account and try to deal with them on an individual basis? Oh, and thanks goudah2424 for the detailed info!

Posted: Thu Jun 26, 2008 8:20 am Subject:

No problem! And yes, you still need to close your account and deal with the companies. Just know that those 4 are legal, and can take action to collect. This means that you need to take care of them first.

Posted: Thu Jun 26, 2008 8:22 am Subject:

Yay for Goudah, she's our walking knowledge bank on CSO's. Very Happy

Posted: Thu Jun 26, 2008 8:40 am Subject:

I read somewhere about contacting the ACH processors to revoke the ACH authorization for the PDL. Should I do this also? And would that include the CSO's or not?

Have you all found out any additional info on oneclickcash, nationwide, and mycashnow.com?

Posted: Thu Jun 26, 2008 8:58 am Subject:

You would contact the ACH processor for any company that is operating illegally. You wouldn't want to do this with the legal ones, it could make them mad and since they could potentially sue you, you don't want to make them mad like that.

One Click Cash, Nationwide, and my cash now are not CSO's and are not licensed pdl's in Texas.

Posted: Thu Jun 26, 2008 9:04 am Subject:

So, since Click Cash, Nationwide, and my cash now are not licensed in Texas, would they be considered as operating illegally? Sorry for all of the questions..I just want to make sure I understand and do the right thing!

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