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09-24-2007, 08:27 PM

I received a call from 500 fast cash she told me i borrowed 200 and have paid 300 in fees she told me that they will take me to court for writing a bad check because automated debits is like writing bad checks because i had insufficient funds in the account when they tried to draft my account.

also ez loans called me today and want me to settle with them. they want me to pay just what i borrowed, which was 300.00 but i have paid 300.00 exact in fees. what do i do next?

volleyballmom · 09-24-2007, 08:34 PM

Hi Ashley...we can help.

What state are you in?

cannr · 09-24-2007, 10:26 PM

ashlee, as volley stated, we can help you here. You are dealing with unlicensed/illegal companies. If you could, please post the state you reside in so we can take a look at your state laws. Also, I believe you stated the amounts borrowed and what you have paid back to date. Are these the only two pdl's that you have?

JEN5276 · 09-25-2007, 06:30 AM

And believe me that they cannot take you to court for a bad check. A bad check is just that, a check that bounces. There are no checks involved in these illegal PDL companies. Besides that, the are lending money against the law, so why would they set foot in a courtroom. The judge would dismiss the case immediately (IMO).

kashzan · 09-25-2007, 06:34 AM

Ashley, calm down. It is not crime to have a bad check. If it were we would all be in prison. These companies will say anything they can to scare you into paying. They are illegal to begin with , so using illegal collection tactics is something they will do. It is illegal ant way you slice it

eleroo · 09-25-2007, 07:13 AM

Hi Ashley. I have dealt with 500fastcash and they can't do anything to you. Most likely they are not licensed in your state, but I think that they are the ones who try to claim immunity because they are on an Indian Reservation. They really CANNOT do a thing to you. But, just to be on the safe side, please post you state as was requested by Volley. As far as EZ loans are concerned, if you have paid them the $300 in fees then I would just be done with them.

09-25-2007, 03:42 PM

thank you all now i know there is hope....

i live in virginia

i have one with cash supply but i paid them off
i have one checkngo installment loan for 1500.00

Have anyone ever heard of ARM they called me today i have paid that company about 600.00 and i only borrowed 250. I closed my bank account and they were unable to draft my account anymore. They called me today and said since i refuse to pay the money back then i need to refer to my contract about whats getting ready to happen to me. I told them that i would make the payment but they wanted me to do it by bank account or credit card and i refused but they told me if i did money gram i would have to send in the full amount i owe and that is 197.00 according to them.

Also my bank is taking me to court on thursday because i closed my account and the payday loan people kept trying to draft and it gave me 600 worth of NSF fees. I have a civil suit coming up. What will happen there. they told me i would have to pay the money by thursday that i dont have.

eleroo · 09-25-2007, 05:54 PM

Hi. Here are the laws for the state of VA(just select your state),

http://www.debtconsolidationcare.com...pdls-laws.html

eleroo · 09-25-2007, 06:00 PM

I am sorry to hear about your court date on Thursday. I am no where near an expert in that area, but hopefully someone will come along soon that will be able to help. As for your checkngo installment loan, unfortunately, they are backed by a very legal bank. They can charge whatever interest they want. :-( I have a friend who is dealing with them right now. She defaulted on her loan about a month or so ago. They haven't been monsters or anything, but they refuse to take partial payments. They said they are going to refer her to a collection agency. That actually might be a good thing because a CA might be willing to make arrangements.

cannr · 09-25-2007, 06:45 PM

ashley, first of all 500FastCash is MTE Financial. They are not licensed in any state in the United States. Here is contact information regarding them:
500 Fast Cash
515 G S.E.
Miami, OK 74354
Telephone: (888) 339-6669
Email: compliancedepartment(at)500fastcash.com
Secondly, you borrowed $200 and have paid back $300. You have overpaid them. You have overpaid by $100. You only owed the principle amount, which is the amount that you borrowed. Whoever is calling you is full of it. MTE Financial is ruthless. Do not worry at all about being charged with a "bad check". There was no check involved and this is an unlicensed/illegal company. You need to file complaints with the BBB, the FTC, and your state AG against them. You do not owe them another penny. Do not communicate with them via telephone. Do it all in writing. Either email or USPS. And through the government agencies. Do not take their calls. You are done with them.

cannr · 09-25-2007, 06:51 PM

What EZ Loan are you dealing with? There are many listed with different addresses. Do you have any address for them? Or a telephone number? Do you know if they are located within the United States? One of the addresses listed is overseas. I need to know which EZ Loan you are dealing with. Whichever, I am sure they're not licensed, but I always check to be sure before saying that for a fact. I need more information from you regarding them so I can check. However, if the case is that they are unlicensed/illegal, you have paid them in full. You borrowed the principle amount of $300 and you have paid back $300. Are they only contacting you via telephone? Please give me more information regarding this particular pdl and I can help you more.

cannr · 09-25-2007, 06:56 PM

Your Check 'n Go installment loan, as stated previously, is going to be licensed/legal. Since they can no longer debit your bank account, you will need to contact them regarding payments. Explain that your bank closed your account and you need another form of payment. I do believe they will accept moneygram; however, you can try for money orders. This way no one gets any information from you. But you do need to contact them and make payment arrangements and you need to make those payments.

cannr · 09-25-2007, 06:58 PM

I believe ARM is a collection agency. You stated that you only owed $250; however, you have paid over that amount. You did not specify what ARM was collecting for. Are they collecting on a pay day loan? If so, what is the pdl they are collecting for? We need this information as well to be able to help you further.

cannr · 09-25-2007, 07:02 PM

Regarding your bank, you closed the account but the pdl debits forced it back open causing NSF fees? Is this what happened? Did you close it and then the pdl's hit and the bank paid those debits and added fees? We need to know this also. And, why are they taking you to court? I understand to collect the debt they claim you owe them, but is it because you have been in the negative for a long time and never attempted to pay the bank? Please give a little more information regarding the bank issue also so that we can help you with that.

With this additional information ashley, we can help you further. Okay? :wink:

09-26-2007, 02:27 PM

Wow i didnt know that ucl 500 fast cash and mte were the same and i have a lone with all 3 of them. I owe ucl 175 so they say but i have paid them over 300 also.

Arm is collecting on cashadvance.net and they told me that i cant deal with the company because they have a agreement not to speak to me. What ever that may mean.

Its ez loans by net they sent me a statement and told me that i have paid 300.00 in fees and still owe 300.00 in principle. There phone number is 1-800-557-3912 i dont have a email address.

What do i need to do about these companies because they are harrassing me and trying to get money from me when i have over paid them all. Today 500 fast cash called and said i was wasting there time and they wanted all there money or they were going to do what they have to do, i told them to go ahead even though i was a little intimidated by them.

On the bank issue they reopened my account to the pdl but they never paid them anything that was just the nsf. I have paid them some of the money but they told me that i would have to have the rest paid by my court date which is tomorrow and i just dont have it. They wouldn't accept any arrangements. I am not going to go though.

What do i do now i am really losing sleep behind these people. What am i going to do?

Could you all please help me i want to get some of these paid in full please

09-27-2007, 09:26 AM

Ez loans called me today and asked if i wanted to accept there settlement. What do i tell them, they just keep calling me. I borrowed 300 and have paid them 300. What do i do next??

The email address they are emailing me from is
Info(at)ezloansbynet.net