| Author |
Message |
|
|
 Posted: Sun Mar 16, 2008 8:28 am
|
|
|
I live in Texas and have several PDLs. Most I have already paid more than the original loan amount. The breakdown is below. Has anyone had luck calling the companies and telling them the account is closed and nothing more is owed?
BIG-loan amount 250, paid 320.
Paycheck Today-loan amount 300, paid 360.
Cash Andvance Network-loan amount 150, paid 225.
Apple-loan amount 500, paid 820.
Loan Shop-loan amount 300, paid 270 so far.
CashNetUSA-loan amount 500, paid 375 so far.
|
|
macastee
Joined: 15 Oct 2007
Posts: 20
Debtcc Points: 687
|
|
|
 |
|
Posted: Sun Mar 16, 2008 8:33 am
|
|
|
Mac, are these internet...I know wome of them are but not sure about the others.
_________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
|
|
RoxyNY
Moderator
Joined: 03 Aug 2007
Posts: 3903
Debtcc Points: 11752
|
|
|
|
Posted: Sun Mar 16, 2008 8:37 am
|
|
|
Yes, these are all internet.
|
|
macastee
Joined: 15 Oct 2007
Posts: 20
Debtcc Points: 687
|
|
|
|
Posted: Sun Mar 16, 2008 8:39 am
|
|
|
roxy, I think (of course) BIG will be internet and not licensed. Paycheck Today will be internet and not licensed. Loan Shop will be internet - and I'm not sure if licensed. Texas has the whole CSO "thing". Cash Advance Network (CAN) - why is that ringing a bell with me regarding being related to MTE??? Having nightmares here! Apple? Haven't heard of Apple. Have you? CashNetUSA , of course, will be licensed. Cash Advance Network.... why oh why is that standing out as an MTE. Someone posted something about CAN and then came back and said it was Cash Advance Network and related to MTE, which was a new one on me. If this is indeed true, I need to add it to my 'list'.
|
|
cannr
Moderator
Joined: 07 Jun 2007
Posts: 9335
Debtcc Points: 123837
|
|
|
|
Posted: Sun Mar 16, 2008 8:54 am
|
|
|
I want to close my account and tell them that I owe nothing since I have already paid more than was borrowed. I'm worried they will continue to call me at home and work. Is there any legal obligation on my part for not paying the fees?
|
|
macastee
Joined: 15 Oct 2007
Posts: 20
Debtcc Points: 687
|
|
|
|
Posted: Sun Mar 16, 2008 9:02 am
|
|
|
Cannr, it was one of the newer members we have worked with..who posted about Cash Advance Network..I will check. Never heard of apple and that was the one that was troubling me....I know Cashnet will be licensed as a CSO in texas...Goudah has posted that many times.
_________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
|
|
RoxyNY
Moderator
Joined: 03 Aug 2007
Posts: 3903
Debtcc Points: 11752
|
|
|
|
Posted: Sun Mar 16, 2008 9:05 am
|
|
|
Here is a thread on CAN and there are many more linking it...it is MTE.
http://www.debtconsolidationcare.com/collection-agencies/cashadvance-n etwork.html
And...Apple is in Deleware...
Mac, you need to work out payment plans with the one that are licensed. The ones that are not, if you have paid back what you borrowed, you are done. You do need to close your account...please read this thread about closing your account. There is alot of good iformtioan in it.
http://www.debtconsolidationcare.com/paydayloan/close-account.html
Do not contact any of the pdls until your account is taken care of.
_________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
|
|
RoxyNY
Moderator
Joined: 03 Aug 2007
Posts: 3903
Debtcc Points: 11752
|
|
|
|
Posted: Sun Mar 16, 2008 1:34 pm
|
|
|
Looks like mac only has one licensed one to worry about? CashNetUSA, correct? Apple is in Delaware? Did you see if licensed in Texas? Just curious. I can check if you haven't, roxy. I also updated my MTE d/b/a thread so I'm not retarded again about CAN! mac, like roxy said, do NOT let the pdls know you are closing your bank account. Read the link she posted for you regarding closing it. Make sure it can not be forced back open. If you have any questions regarding closing your account, please post. We can help you. Also, I'm going to do a "run down" on your loans.
|
|
cannr
Moderator
Joined: 07 Jun 2007
Posts: 9335
Debtcc Points: 123837
|
|
|
|
Posted: Sun Mar 16, 2008 1:38 pm
|
|
|
License
Number Master Licensee DBA Operating Name City ST
11278 KF FINANCIAL SERVICES, LLC THE LOAN SHOP MIDLAND TX
11279 KF FINANCIAL SERVICES, LLC THE LOAN SHOP
Does this mean The Loan Shop is licensed in Texas? It's saying KF Financial Services d/b/a The Loan Shop.
(?)
|
|
cannr
Moderator
Joined: 07 Jun 2007
Posts: 9335
Debtcc Points: 123837
|
|
|
|
Posted: Sun Mar 16, 2008 1:39 pm
|
|
|
I don't see anything for "Apple" on the licensee database.
|
|
cannr
Moderator
Joined: 07 Jun 2007
Posts: 9335
Debtcc Points: 123837
|
|
|
|
Posted: Sun Mar 16, 2008 1:41 pm
|
|
|
mac, these numbers are based upon if the pdl is not licensed/illegal to lend to you.
BIG borrowed 250/paid 320/OVERPAID 70
Paycheck Today borrowed 300/paid 360/OVERPAID 60
Cash Advance borrowed 150/paid 225/OVERPAID 75
Apple borrowed 500/paid 820/OVERPAID 320
Loan Shop borrowed 300/paid 270/OWE 30
CashNetUSA - you will have to go by what they say, unfortunately. As they are operating legally as a CSO in Texas.
|
|
cannr
Moderator
Joined: 07 Jun 2007
Posts: 9335
Debtcc Points: 123837
|
|
|
|
Posted: Tue Apr 01, 2008 3:34 pm
|
|
|
Ok, just wanted to give an update and ask a few more questions. I closed my account and I am now getting calls about payments. Most have not been nasty, but the Loan Shop sent me an email stating they will pursue further collection activity. I realize I still owe these folks $30, but they are requesting the original loan amount. Can they send this to collections? I don't want my credit damaged.
I appreciate everyone's hep with this stupid mess.
|
|
macastee
Joined: 15 Oct 2007
Posts: 20
Debtcc Points: 687
|
|
|
|
Posted: Tue Apr 01, 2008 3:42 pm
|
|
|
I am not sure an illegal company reports to the credit bureau and if so you can despute it...Ask for a letter of validation...right, guys?
Read, read read these threads.
|
|
egyptcrossarabs
Joined: 18 Jan 2008
Posts: 254
Debtcc Points: 4669
|
|
|
|
Posted: Tue Apr 01, 2008 3:43 pm
|
|
|
mac, damn! I don't know about The Loan Shop! That's the one that has me lost! However, with them asking for the priciple amount (even though you've paid) makes me wonder.... I'm going to pm another member to see if she can help here. She's good at the whole Texas/CSO thing. Because if these guys are licensed or a CSO, we might have to handle them as a legal one. Hang on and I'll send a pm. 
|
|
cannr
Moderator
Joined: 07 Jun 2007
Posts: 9335
Debtcc Points: 123837
|
|
|
|
Posted: Tue Apr 01, 2008 4:34 pm
|
|
|
If it is the Loan Shop that I used, yes they will send it to a CA. They are not very nice. But after they guy got ugly with me I got him to accept payments from me. And I even got a settlement after I told them a thing or two lol.
|
|
puddlejmpr
Debt Samaritan
Joined: 15 Dec 2006
Posts: 1178
Debtcc Points: 2625
|
|
|
|
