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 Posted: Thu Jul 24, 2008 11:08 am Subject: Payday Loans |
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I currently have 6 payday loans totalling $1900. I have closed the bank acct they debit from and tomorrow will be the first day they wont get their payment. What can I do to get them out of my life? Can they take me to jail for not paying?
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krimefighterqt
Joined: 24 Jul 2008
Posts: 6
Debtcc Points: 81
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| Posted: Thu Jul 24, 2008 11:14 am Subject: reply |
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first welcome,second if you could supply the following.
1)name of each pdl
2)how much borrowed from each
3)how much paid back total
4)what state are you in
do not worry a you cannot and will not be arrested for a pdl
debts are civil matters not criminal ones.again welcome,and if
you could suplly the information requested we can help here.
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paulmergel
Debt Samaritan
Joined: 24 Jun 2007
Posts: 2350
Debtcc Points: 8364
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| Posted: Thu Jul 24, 2008 11:37 am Subject: PDL |
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I am in California
I owe:
One Click cash $650...Paid $450 in finance ONLY
One Step Cash $195..Paid $305
Cash Central $390 ...paid $0
United Cash $390...paid $0
Payday One #294.10...paid $0
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krimefighterqt
Joined: 24 Jul 2008
Posts: 6
Debtcc Points: 81
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Shazzers
Moderator
Joined: 05 Dec 2007
Posts: 3682
Debtcc Points: 24399
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| Posted: Thu Jul 24, 2008 2:00 pm Subject: |
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Cash Central & Payday One are legal companies, and you will ahve to make arrangements to repay those debts.
The other's are not operating legally in CA.
They cannot take you to jail for not paying. Lenders must be licensed by CA to lend in CA, so they are the one's breaking the law. CA's law specifially mentions internet lenders.
In fact, United Cash Loans has already been told by CA to stop lending to it's residents. See the cease & desist order at the link below:
http://www.corp.ca.gov/ENF/pdf/2006/ameriloan.pdf
That will give you some good ammunition to fight them with.
_________________
How I make some extra cash
I earn at least $20 extra every month doing offers. And you don't have to pay a cent.
Vivek? Where are you my love?
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goudah2424
Moderator
Joined: 31 Oct 2006
Posts: 7935
Debtcc Points: 111173
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| Posted: Thu Jul 24, 2008 2:06 pm Subject: |
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Thanks Goudah....I saw that United and One Click have both been told to stop lending, So what is my first step? Writing, calling???
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krimefighterqt
Joined: 24 Jul 2008
Posts: 6
Debtcc Points: 81
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| Posted: Thu Jul 24, 2008 2:18 pm Subject: |
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Everything you want to be in writing, so you have a record of it.
_________________
How I make some extra cash
I earn at least $20 extra every month doing offers. And you don't have to pay a cent.
Vivek? Where are you my love?
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goudah2424
Moderator
Joined: 31 Oct 2006
Posts: 7935
Debtcc Points: 111173
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| Posted: Thu Jul 24, 2008 2:25 pm Subject: reply |
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yes goudah is right,get everything in writing.especially from the
illegal pdl's who will try everything unfair to try to get you to pay what they want,how they want.
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paulmergel
Debt Samaritan
Joined: 24 Jun 2007
Posts: 2350
Debtcc Points: 8364
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| Posted: Thu Jul 24, 2008 2:26 pm Subject: |
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So goudah, if Ameriloan, One Click Cash and United Cash Loans have already been giving the C and D to residents of CA that can't be good for MNE. Maybe there's hope for other states doing the same?
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llw1995
Joined: 02 Feb 2008
Posts: 1406
Debtcc Points: 13581
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| Posted: Thu Jul 24, 2008 3:07 pm Subject: |
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are there any letter templates. I have one but it says to tell them what laws they are violating. Im not sure what to write
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krimefighterqt
Joined: 24 Jul 2008
Posts: 6
Debtcc Points: 81
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| Posted: Fri Jul 25, 2008 6:37 am Subject: |
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Other state's have issued c & d orders against pdl's . . . But it doesn't seem to phase the pdl's, as they just continue business as usual . . .
_________________
How I make some extra cash
I earn at least $20 extra every month doing offers. And you don't have to pay a cent.
Vivek? Where are you my love?
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goudah2424
Moderator
Joined: 31 Oct 2006
Posts: 7935
Debtcc Points: 111173
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| Posted: Fri Jul 25, 2008 10:24 am Subject: |
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Krimefighter, you could just tell them that they are not licensed to do business in California, and that California requires them to be licensed in order to lend to its residents. Therefore, they are operating illegally in that state. Also, you could reference the cease and desist orders on the ones who have had them issued to them.
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alias1958
Joined: 31 May 2008
Posts: 936
Debtcc Points: 5648
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