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guest · Posted: Sat Jun 14, 2008 7:59 am Subject: from Northcarolina AG

This is a quote from letters that were sent to my pdl's from NC AG....
"It appears that your company is offering payday loans to North Carolina consumers. You should be aware that payday loans are not authorized in North Carolina. North Carolina's Consumer Finance Act, North Carolina General Statute 53-164 et.seq., regulates small consumer loans and allows a maximum interest rate of up to 36 % for licensed lenders. Further, North Carolina General Statute 53-166(d)provides that consumer loans made by out-of-state lenders to North Carolina residents can be subject to our usury laws. North Carolina General Statute 24-2.1 states that any solicitation to lend "originating outside of this State, but forwarded to and received in this State by a borrower who is a resident of this State shall be deemed to be an offer or agreement to lend in this state." Further, under that statute any communication to borrow from a North Carolina consumer to an out of state lender shall be deemed to be an acceptance to borrow in this State."

Guest · Posted: Sat Jun 14, 2008 8:02 am Subject:

what does the above mean for me--I AM PDL FREE!!!!!! Two State AGS have VOIDED my 6 PDLS.
They must cease and desist from further collection activity on my accounts!!!!! I may never get my refunds which would of been over $2000...but to me the AGS marked my account PIF or CLOSED!!!!

Posted: Sat Jun 14, 2008 9:15 am Subject:

Congrats on the PIF's! I am assuming from your post that you had already overpaid on them? Hopefully you will find some extra funds in your pocket as a result, but like you said, a PIF and closed account is a great thing to have.

Guest · Posted: Sat Jun 14, 2008 9:30 am Subject:

I overpaid on 4...but 2 the State of Ok AG ordered two companies to pay every cent back to me from the FIRST loan---that would result in a little of over $2000...one loan would only be $20. One loan just folded--I owed them but I faxed them and they never even tried to debit for payment. One I owe $30 but they are now considered VOIDED!!!!

Guest · Posted: Sat Jun 14, 2008 9:33 am Subject:

One PDL owes me just ignores me....which is fine....

Posted: Sat Jun 14, 2008 10:13 am Subject:

Unfortunatley you probably won't see a dime from them, but at this point it is just better that they are pif IMO...good to read that good news:)

Posted: Wed Jun 18, 2008 4:45 pm Subject:

That is great!

Posted: Thu Jun 19, 2008 10:15 am Subject:

It's to bad this can't apply to Cash Call...

Posted: Thu Jun 19, 2008 12:53 pm Subject:

Guest - See, I (bolded) would be persistent in trying to get my $2000 back. I would call the AG office and see what they can do to help you get 'every penny' back!

Good Luck! Wink

(I hate PDL companies...they need to go away!)

Posted: Thu Jun 19, 2008 12:54 pm Subject:

IMO, if they are illegal, and the contract is void, then the PDL company should not be allowed to keep anything extra.

Guest · Posted: Thu Jun 19, 2008 4:37 pm Subject:

i will not see a dime or a penny of the $2000...they are on tribal land!!!!they do what they want and the government can not do ****!My case is closed and my loans are null and void with them. AG does not want to hear from me no more about it!!!

Posted: Fri Jun 20, 2008 7:01 am Subject:

Sorry to hear that, but, as you mentioned, you are done with them. Now you can move on and not have to worry about them any more!

Smile

Guest · Posted: Wed Jun 25, 2008 11:13 am Subject:

Congratulations! Your loan has been: Paid in Full on 06-24-2008

You now have the option to get another loan!* You may even qualify for additional funds! To find out how much, click the GET A LOAN NOW button below.

the above is from ONE CLICK CASH--one that hides on tribal nation---one who told me to go to h***!!! I do not know about a refund--but PIF is a winner right now...$2000 return would make it sweeter!! I also got called a thief from PAYDAY LOAN YES---he even hung up on me (geez I was going to ask him for a date)...he states Federal laws TRUMPS ANY STATE LAW!!!! He was not a happy camper. He said that he has over 2000 loans and he had no clue if a letter from AGs were ever received!!!

Guest · Posted: Wed Jun 25, 2008 12:21 pm Subject:

another one of my pdl's agreed to closing my account----pif----and $60 refunded....we will see...4 PDLS are stubborn and don't care one bit about NC laws!!! they are null and void but I still am trying for a refund!!!

Guest · Posted: Thu Jun 26, 2008 1:55 pm Subject:

Congratulations! Your loan has been: Paid in Full on 06-26-2008

You now have the option to get another loan!* You may even qualify for additional funds! To find out how much, click the GET A LOAN NOW button below.

The above is from Ameriloan---one that hides on tribal nation---one who told me to go to h***!!! I do not know about a refund--but PIF is a winner right now...$1800 return would make it sweeter!! Three out of 6!!!!

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