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Okay I think I have figured this out - sorry for any confusion I have cause. I currently live in Washington State. I like many others on this blog, have managed to get myself in a very difficult position with Payday Loans. I have spent most of the day reviewing many of the postings and responses to try to figure out what to do. My payday loan situation is as follows:

Impact cash - original loan amount was for $300.00 - paid to date 810.00 ameriloan original amount was $425 - paid $1310 to date. One Click Cash 300.00 - paid 180.00 to date in renewal fees. Usa Cash Services and Cashnet USA $500.00 - I am supposed to pay these off each time and then I can renew - the finance charge is $75.00

I am in default on the Cashnet USA loan and the USA Cash Services loan is due the 28th of this month. I am thinking that I need to close my bank account - and contact USA Cash SErvices before it goes into default to make a payment arrangement . . . I am however unsure of what I should do about the others. As you can see I have more then paid the amount owed on the Ameriloan and Impact Cash account - do I need to pay or can I simply send them a letter advising them that I will not pay, cite to the applicable washington statute governing payday loan companies and report them . . .

What about Cashnet USA and OneClickCash?

Posted: Sun Nov 25, 2007 8:22 pm Subject:

TM, I know you have posted on a different fourm. Here is some info about closing your bank....

Before you close your bank account due to payday loans eating away at your paycheck, please read this.

Some banks have a policy regarding ach transactions that allows them to force open closed accounts if any ach transactions go through within a certain time frame after the account is closed. This can leave you owing a legal bank $1,000's and reported to chexsystems, instead of owing barely legal (or not at all legal) payday loan companies. Not a good thing. Ask your bank what their policy is on ach transactions on closed accounts before you close the account. It's best to go in person and talk to a branch manager.

If your bank does have this policy, tell them your situation. Don't be embarrassed. Take letters with you showing that you have revoked authorization for each of your payday loan companies to debit your account. Tell the bank to put your account on deposit only, an ach block, or a hard hold before they close the account. Your bank can do one of those, don't take no for an answer. This will prevent any payday loan ach's from reopening the bank account.

It'a always best to close your bank account. Leaving it open gives ways for the payday loan companies to continue to take money out. These companies have many different dba's, so blocking them won't work. They will also produce paper checks and run them through your account. Closing the account is the best way to prevent these companies from taking money out of your account.

Some state laws do allow for prosecution if you close your bank account, but that is usually in cases of fraud. But it's always best to check with your state's attorney general or department of financial institution before you close your account. You want to make sure you are not causing more heacaches!
(Thanks Goudah)

Posted: Sun Nov 25, 2007 8:23 pm Subject:

TM, Take care of your bank account first and then we will guide yout through the rest...but it is important to make sure your money os safe and the pdls can not get to it.

Posted: Sun Nov 25, 2007 8:25 pm Subject:

please do not call them before you close your account.

Posted: Mon Nov 26, 2007 5:53 am Subject:

Posted: Mon Nov 26, 2007 2:05 pm Subject:

more wa info.. for any of those not licensed in Washington.. tell them to take a hike.. Somewhere on one of my computers I have a letter that works well... Cashnet I believe is licensed in the state, so you may want to try and work out arrangements with them

Posted: Mon Nov 26, 2007 2:22 pm Subject:

Okay - I went to my bank today and they were very helpful. I was able to close my account and open a new one despite the fact that I have a negative balance. They told me that any attempt to take money out of that account will result in a notice being sent back that says account closed.

I am uncertain of what the next step is -- Here is what I have outstanding in internet payday loans:

OneClickCash $300.00 is the original amount - I have paid 190.00 in renewal charges.

ameriloan $425.00 original loan amount - I have paid a total of $1310.00 to date.

Impact Cash $300.00 original loan amount - I have paid $810.00 to date.

All three listed above are not in default but will be on the 9th of December when they try to take money out of my closed account. Wnat is the next step in dealing with these companies? Do you think it is worth tring to get some of my money back?

I then have USA Cash Services - origianl loan amount is $500.00 - I pay this one off each time (or I am supposed to) - the finance charge is $75.00. I have reloaned probably a dozen times. This loan is due on the 28th of November - should I call them and ask for a statutory payment plan?

CashnetUSA - I am in default the total amount due is $575.00 plus a NSF fee. Like USA Cash Services I have reloaned through them about a dozen times. Can I demand a statutory payment plan or what should I do?

Thank you so much for all of your suggestions. It is a great relief to know that I am not the only one in this predicament.

Posted: Mon Nov 26, 2007 2:32 pm Subject: r

Well, ameriloan and One Click Cash aren't going to be licensed anywhere. You still owe towards the principle of One Click (if you so desire, since they are unlicensed/illegal). But, boy, you have so overpaid Ameriloan, it's horrible. Impact Cash you have overpaid horribly. Is USA CASH SERVICES licensed to do business in your state? Only worry about the licensed/legal ones. Are they licensed? CashNetUSA is going to be licensed/legal. You can contact them (since they are licensed/legal) and make alternative payment arrangements. Tell them you do NOT have a bank account and have to send in money orders. They have worked with others. As far as your illegal ones that you have overpaid, do you need a letter to send them? Do not call them. You need documentation on everything. Find out if USA CASH SERVICES is licensed to do business in your state. We know CashNetUSA is. Deal with the legal ones. We can get you a letter to use for the illegal ones and ask for refunds (can't promise anything). And you need to file complaints with the BBB, the FTC, and your state AG regarding the illegal ones.

Posted: Mon Nov 26, 2007 2:48 pm Subject:

Okay - I know that USA Cash Services is licensed in my state under Quick Cash. Should I contact them and ask for a statutory payment plan since that loan is not in default?

As far as the others - any letters that you have that cover revocation of ACH withdrawls, wage assignements and/or requests that all communication be done in writing would be helpful.

I will not give them my new account number - in fact my bank told me I should not do that. I will insist on paying by money order or western union. Does anyone have information on Impact Cash?

Thanks again for all your assistance.

Posted: Mon Nov 26, 2007 2:51 pm Subject: r

Impact Cash LLC
1551 Renaissance Towne Drive #560
Bountiful, UT 84010
Telephone: (435) 214-4148
impactpayments.com

Posted: Mon Nov 26, 2007 2:52 pm Subject: r

Hang on, TM. I've got a letter to send to your illegal pdls. I'm leaving work, but I'll be back on later. Do you know how to 'pm' members? I can send you a letter through 'pm' if you do. If you don't, just post and I'll walk you through it. Wink

Posted: Mon Nov 26, 2007 3:24 pm Subject:

I don't know how to "pm" members . . .

Posted: Mon Nov 26, 2007 3:31 pm Subject:

go to a post by the person you want to PM. Under their post are two buttons. One says profile, and the other says pm. Click on that button. When you write your message, bu sure to put something in the subject line, or else it will not go through.

Posted: Tue Nov 27, 2007 5:36 am Subject: r

tm, I got your pm message. Now, do you know how to pick yours up? Look over to the side of the screen where it says "CHAT" and look beneath that. It'll say "You have 2 messages." I sent you 2. Click on that. It should bring up your messages and you can click on them to read them. Let me know if you got them okay!
kash, thanks for guiding TM through on the pm! I got it just fine!

Guest · Posted: Mon Dec 03, 2007 8:39 pm Subject: I got a response from my BBB complaint

ameriloan responded to my BBB complaint. They responded by stating that my account was paid in full. Of course it did not address the $765.00 overpayment. I did send them a certified letter - I am thinking that I should start email them a few times a week inquiring about my request for a refund. I have yet to hear from the other two companies. I have set up payment arrangements with the remaining two legal companies. So things are looking up a little here in Washington.

Thanks again for all of your help.

Guest · Posted: Mon Dec 03, 2007 8:39 pm Subject: I got a response from my BBB complaint

ameriloan responded to my BBB complaint. They responded by stating that my account was paid in full. Of course it did not address the $765.00 overpayment. I did send them a certified letter - I am thinking that I should start email them a few times a week inquiring about my request for a refund. I have yet to hear from the other two companies. I have set up payment arrangements with the remaining two legal companies. So things are looking up a little here in Washington.

Thanks again for all of your help.

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