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mg38 · Posted: Fri Mar 28, 2008 2:57 pm Subject: What can I do?

I got into online payday loans I borrowed 190.00 from Payday Max, and now owe them 492.32 I could not keep up with them so I shut down account at the bank and opened a new account somewhere else. I have been wanting to pay them but have not had the funds to do so. Anyway they called and said that if I did not give them a post dated check that they would turn it over to the county sherrifs office and that a bench warrant would be issued for my arrest. I have heard that this is bull. I told her that this was considered a loan and that they couldnt do that, and she said that this was an online loan and that they could do it because it was an online loan. Is this true. I told her that I couldnt give her a post dated check and asked her for the money gram info (she gave it to me) but she said that I had to pay half. Can I pay what I can afford. I would send 50.00 but i cant afford 246.16. Can some one help me, can I got to jail?

Posted: Fri Mar 28, 2008 3:10 pm Subject:

MG38, You cannot go to jail over an internet payday loan. I know this just from reading this forum. Its a scare tactic to get you to pay them. More than likely they are illegal anyways. If you would like help just post what state you live in, the comapny(s) you borrowed from how much you took it out for and how much you have already paid even if it was interest only. Someone will be along to help you shortly

Posted: Fri Mar 28, 2008 3:14 pm Subject:

I live in Kansas
It was payday Max I owe 492.32, and I only borrowed 190.00. I have not pay anything. I had to pay off a few more I got some other places paid.

Posted: Fri Mar 28, 2008 3:16 pm Subject:

So you havent even paid interest? Why do you owe 492.32?

Posted: Fri Mar 28, 2008 3:20 pm Subject:

No I have not paid anything yet. I have been paying on other ones and havent got to them yet. I owe that casue they kept rolling it over.

Posted: Fri Mar 28, 2008 3:21 pm Subject:

They kept rolling it over even though they knkew that the account had been closed

Posted: Fri Mar 28, 2008 3:25 pm Subject:

Oh ok I understand now. However from what I have learned here you are only MORALLY responsible for paying back the original amount of the loan. Especially if they are illegal to lend in your state. I guess you can be thankful that you havent paid them an ungodly amount already in interest only. Like myself Ive paid a few places 900+ on just a 200 loan. Good thing you closed your account before that happend.

Posted: Fri Mar 28, 2008 5:21 pm Subject:

Payday Max or Credit Protection Depot
Phone: (866) 645-1661
Address: no address
North Brunswick, NJ 08902

Credit Protection Depot
4601 W. Sahara Ave
Las Vegas, NV 89102
Principal : Aaron Shoaf, President
Phone Number: (702) 000-4601

Posted: Fri Mar 28, 2008 5:24 pm Subject:

mg, I'm not even showing these guys as licensed. First of all, they are feeding you B.S. I'm just being honest. Do not write them any kind of check. Do not give them any kind of bank information at all. You do NOT owe 492.32. You borrowed 190.00, correct? How much did you pay them back? Anything?

Guest · Posted: Fri Mar 28, 2008 9:48 pm Subject:

No I havent been able to, I have had more of these and paid off like three already (storefront) and i am just trying to pay them off as best as i can. i have been planning to but have not gotten to them.
They called my work the other day and I work for a school. I will be very POed if i loose my job over them calling all the time. They have not started that yet, but they probably will.

Posted: Fri Mar 28, 2008 10:09 pm Subject:

Thnaks for your help. This lady that called me called my work the other day and I work in a school. I cant afford to loose my job not only casue i dont want to but I have been working there for 5 years and I work with kids that I have been qworking with for years and I love my job. I dont want them calling there any more. i have not paid anything. Casue I have had more loans that i have paid, but i can only do one at a time. I have already paid off three store front loans
The lady to me that I had to pay half. Cant I just pay like 50 bucks money gram can they make me pay half? They want hlaf by next sat and half next month. I wont have the money sat.

Posted: Fri Mar 28, 2008 10:15 pm Subject:

Oh Thanks agian. i was going to file chapter 13 but thats a royal pain in the butt.

Posted: Sat Mar 29, 2008 5:02 am Subject:

I just checked your state licensee database just to be safe. These guys aren't licensed. You can pay them what you can when you can. No, they can't force you to pay them over 400.00. You owe them 190.00. That's all. You can send them a letter stating they are not licensed, revoke their debit authorization, post your state law, contact you only via email or USPS, etc. They probably will not pay attention to it; however, they will at least know that you are only paying 190.00 and not a penny more. You only owe 190.00, okay? Do not let these people scare you. You can take your time to pay it also. No one is going to come and get you. Nothing bad is going to happen to you. This is what the unlicensed/illegal companies do. They know they they can not LEGALLY collect this money, so they try to scare people in paying it. If you have any questions, please post!

Guest · Posted: Sat Mar 29, 2008 2:40 pm Subject:

Thanks. When I called this lady back yesterday there was no poerator or anything it just goes right to her phone and she answers which I thought was odd, and if you call after hours it goes right to her, and says you have reached the desk of valerie martin.
Thanks so much
How to you check those licens things??
Thanks agian

Posted: Sat Mar 29, 2008 2:41 pm Subject:

oops that was me above i forgot to sign in.

Posted: Sat Mar 29, 2008 4:30 pm Subject:

ms, here is where you can go that lists out who is licensed to lend in your state. You can just go through the list.

http://www.osbckansas.org/DOCML/DOCMLBrokerLenderSearch/approved3-28-0 8.pdf

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