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cornellfmly · #1 06-30-2008, 06:58 PM

live in oh

Shazzers · #2 06-30-2008, 07:19 PM

Hello and welcome to the community!

Please list the following information so we can help you.
-How much you borrowed.
-How much you paid so far.

cornellfmly · #3 06-30-2008, 07:21 PM

225 and paid almost 1000

Shazzers · #4 06-30-2008, 07:21 PM

Here are You will find the Payday loan laws for Ohio (just select your state),
http://www.debtconsolidationcare.com...pdls-laws.html

Shazzers · #5 06-30-2008, 07:23 PM

OMG! That's outrageous! Big is highly illegal. I'm sorry to tell you this, but there is only one sure way to stop the withdrawals, and that is to close your account. If that isn't an option, then tell the bank to put a hard debit block on your account. Before you close your account, read this information at the link below. http://www.debtconsolidationcare.com...e-account.html

Please do not let BIG know you are going to close your account, until AFTER you have done it!

cornellfmly · #6 06-30-2008, 07:23 PM

have more internet loans also and want to start getting free
just got my bank account closed and need to know what to start on next

Shazzers · #7 06-30-2008, 07:26 PM

I'm glad you got your account closed! List the following information so we can help you.
-Names of each pdl company.
-Whether they are store front or Internet.
-How much you borrowed.
-How much you paid so far.

I am going to move this topic to the payday loan section. Below is the link of the location.

http://www.debtconsolidationcare.com...rum/index.html

cornellfmly · #8 06-30-2008, 07:37 PM

big 225 paid over 1000
loanpoint 200 paid 240
loan shop 200 paid 250
loan shop 300 paid 45
cashsupply 425 paid down to 275 plus fees
mycashnow 300 paid 73
cashnet 550 paid 0
all are internet. Just closed my bank acct and waiting for the phone calls to start

Shazzers · #9 06-30-2008, 07:44 PM

Big is unlicensed/illegal so you are all done with them. In fact, they owe you money! I am going to check on the rest of these pdl's, but you REALLY need to file complaints about BIG to your Attorney General CLICK HERE, Federal Trade Commission CLICK HERE and the BBB. You will also need to send these illegal pdl's an email to cease and desist letter. I can give you a good copy here in a minute. I will get back with you on the rest of these pdl's.

cornellfmly · #10 06-30-2008, 07:48 PM

have tried to view the sample letters on the site but no luck in doing so

Shazzers · #11 06-30-2008, 07:49 PM

Is the "Loan Shop" or The Little Loan Shoppe?

cornellfmly · #12 06-30-2008, 07:51 PM

loanshop online i think

Shazzers · #13 06-30-2008, 07:52 PM

Here is a sample letter you may use. Just alter it to suit your needs. In the case of BIG, I would demand a refund, I would also inform them you have filed a complaint with the FTC and your Attorney General's office. They MUST be licensed in the state of Ohio in order to loan to Ohio residents. They will try to tell you that you are governed by their laws because you signed it on a loan contract, but that is phooey!

Quote:

Name
Address
City, State
Account #

Date

Company Name
Address
City, State

To Whom It May Concern:

It has been brought to my attention that your company is not licensed to lend in my state, therefore making the contract I had with you null and void. I will agree to pay the principal amount of the loan, however, I will need a physical address to send payments in the form of money orders. These are my terms, if you are not willing to accept my terms, then you will not receive any payments.

You are hereby notified that I am revoking ANY and ALL ACH transactions made by your company on any of my personal accounts. If you make any attempts to do so, I will be forced to take legal action against your company. I am also revoking any and all wage assignments I may or may not have signed with your company, my employer has been notified about this matter.

As of today ________, the only contact you may make with me is either through email, or USPS. I also demand your company and any affiliates of your company cease and desist all contact with me (except what is stated above), my employer, or any references I have listed on my account.

Your cooperation in this matter is appreciated.

Sincerely,

Your name

Shazzers · #14 06-30-2008, 07:56 PM

It's important that I know the exact name of loanshop, I am searching the license data base for Ohio HERE.

cornellfmly · #15 06-30-2008, 07:59 PM

will this letter legally keep them from trying to garnish my wages or the so called wage assignments i dont mind paying the principle but am tired of paying only fees what about the collectors and being taken to court

Shazzers · #16 06-30-2008, 08:06 PM

It prevents wage assignments, yes, show a copy to your payroll department. Wage assignments are voluntary and can be revoked at any time.

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