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 Posted: Sat May 03, 2008 9:46 pm
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Hello, I am from Ohio and I have obviously gotten into the internet pdl tornado! I have closed my checking and reopened a new! Ameriloan has called me everyday, this past week, at work! The superintendent says this is illegal and if I don't take care of it then he will! The thing is I have tried to take care of things but they won't stop calling!! I talked to a lady on Friday and I told her that they cannot keep calling my work!! She says they will continue to call until they get their money!! I told her it was illegal for her to keep calling and she said not paying back a loan is illegal!!
I couldn't get anywhere with her at all!! She was about half rude and very persistent!!
I have already paid 360.00 in fees on a 300.00 loan!! She says I need to pay 465.00 or they will take further action!! I asked if I could make a payment of 25.00 and she said that her co. will not except anything less than 50.00! She also said I need to pay by either credit card, debit card, or money gram. I asked if I could send a payment and she wouldn't give their address!! Help!! This is not my only internet pdl. I don't want to lose my job over this situation!! ANY ADVICE WOULD BE SO APPRECIATED!!
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Snickers
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Posted: Sun May 04, 2008 5:12 am
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Hello Snickers and welcome to the forum! I am from Ohio also, and I can tell you that you have over paid Ameriloan by $15.00, so you do NOT owe them another red cent! I am going to post the laws for Ohio, but we need more information in order to help you with your other loans. Meanwhile, I'll give you a few suggestions how to handle this company. First I will post the pdl laws for Ohio.
| Code: | Ohio State Information
Legal Status: Legal (Applies to check cashers only)
Citation:
Ohio Rev. Code Ann. ยงยง 1315.35 et seq.
Loan Terms:
Maximum Loan Amount: $800
Loan Term: Max: 6 months
Maximum Finance Rate and Fees: $10/$100 + 5% per month
Finance Charge for 14-day $100 loan: $15
APR for 14-day $100 loan: 390%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot refinance)
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: Bank charges (if disclosed); $20 collection charge; Court Costs; damages
Criminal Action: Not Specified
Where to Complain, Get Information:
Regulator: Ohio Division of Financial Institutions
Address: 77 South High Street, 21st Floor Columbus OH 43215
Phone: (614) 728-8400
Fax:
Regulatory Contact: Robert M. Grieser,, Deputy Superintendent for Consumer Finance
Regulator Website
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Shazzers
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Posts: 2655
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Posted: Sun May 04, 2008 5:29 am
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If you would like help with your other pdl loans, please list the following information so we can help you.
-Names of each pdl company.
-Whether they are store front or Internet (although I am assuming they are all Internet since they're making withdrawals)?
-How much you borrowed.
-How much you paid so far.
-Names of pdl companies
-Internet or store fronts
As far as stopping Ameriloan from calling your place of employment. Send them a cease and desist letter, send it via email and via certified return receipt mail. Also send them a letter revoking any rights to wage assignment, give copies of these letters to your employer so they will be aware, tell them you have paid this loan in full but this company is insisting you owe them more! Here are examples of the letters I suggested you write, below.
| Code: | The date
Your name and address
The name and address of the creditor
Your account number with the creditor
Dear Sir or Madam,
I hereby revoke your right to use any wage assignment I may or may not have signed with you. You no longer have my permission to use this wage assignment.
Sincerely,
Your signature |
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Online Complaints Ohio Attorney General
Online complaints: Federal Trade Commission.
Ohio Payday Loan Laws
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Last edited by Shazzers on Sun May 04, 2008 7:29 am |
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Shazzers
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Posted: Sun May 04, 2008 5:47 am
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File all the complaints you can AND call Intercept EFT (1-800-378-3328) tell that you have revoked your authorization for ACH/EFT debits and they are continuing to do so. Make sure you let Ameriloan know that you have done so. Also, the originator of their loans is Bremer Bank (1-800-908-2265). Make sure you let Ameriloan know that as well.
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llw1995
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Posted: Sun May 04, 2008 6:11 am
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I have a question. I am from Ohio to and I thought that we had to only pay the principle of the loans. That was what I was told on my thread. How come she would owe them more then the principle?
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guest mjm
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Posted: Sun May 04, 2008 6:26 am
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Hi!! I have requested an address from Ameriloan and she would not give one!! Also she said that they go by their state laws and not Ohio's!! I did not give any money this week-end and I fear they will call again tomorrow!! I don't even want to go to work!!
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Snickers
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Shazzers
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Posted: Sun May 04, 2008 6:56 am
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Snickers:
| Code: | | Hi!! I have requested an address from Ameriloan and she would not give one!! Also she said that they go by their state laws and not Ohio's!! I did not give any money this week-end and I fear they will call again tomorrow!! I don't even want to go to work!! |
They all say that snickers! Your state law prevails, she is incorrect! You owe Ameriloan nothing! Please do what llw suggested, call Intercept EFT (1-800-378-3328) tell them that you have revoked your authorization for ACH/EFT debits and they are continuing to do so. Also call Bremer Bank (1-800-908-2265, tell them you have revoked your authorization. Send an email to Ameriloan and tell them that you have contacted Intercept EFT and Bremer Bank.
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Online Complaints Ohio Attorney General
Online complaints: Federal Trade Commission.
Ohio Payday Loan Laws
Ohio Consumer Protection Law
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Shazzers
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Posted: Sun May 04, 2008 7:03 am
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Ameriloan is an original creditor and does not have to follow the FDCPA....
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volleyballmom
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Posted: Sun May 04, 2008 7:04 am
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Here r some of my other pdl's!!
American Consumer Credit-300-paid/settled-656
MTE-300-paid-500-they say I still owe-275
Arrowhead-300-paid/settled-655
GECC-400-paid-600
Khaki Funding-100-paid/settled-310
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Snickers
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Posted: Sun May 04, 2008 7:13 am
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The thing is, I already switched checking accounts! They are not still taking out of my account!! They are attempting to collect what they feel I still owe. VOLLEYBALLMOM- they wouldn't have to follow the FDCPA? They have to be a 3rd party collector??
Is there no law or rule against original creditors harrassing people? What about credit cards?
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Snickers
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Shazzers
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Posted: Sun May 04, 2008 7:17 am
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Does Quickest-Cash-Advance go by another name?
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Snickers
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Posted: Sun May 04, 2008 7:20 am
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What do I do about the phone calls? They can't possibly be able to harrass people like that? My job is in jeopardy!!
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Snickers
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Posted: Sun May 04, 2008 7:25 am
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| Code: | volleyballmom:
Code:
Ameriloan is an original creditor and does not have to follow the FDCPA....
Correct, however, Ameriloan is a payday loan company, and has to follow the pdl laws, and the laws of Ohio says they can only charge $15.00 per $100.00, so she can't possibly owe them another $465.00, can she? |
I am not saying she owes them any more $$...she absolutely does not. However, the letter you posted for her to send to Ameriloan is for a 3rd party collector, not an original creditor.
Rules around original creditors are very liberal...you can check your Ohio- state collection laws (if there are any, not every state has their own), and see if there is anything about rules for original creditors.
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volleyballmom
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