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Posted: Sun Oct 19, 2008 2:51 pm Subject: Payday Loan HELL - help!

Hello! First of all, THANK YOU to everybody listing advice and information here...I was so happy to find this site! Like alot of you, I am stuck in the payday loan trap and have been for years. I live in Ohio. Here are the lenders I curently owe (all online companies):
(1) LoanPointUsa.com (Geneva Roth)
Borrowed $400 on 7/14/08. They continue to rollover the loan and I have paid them 6 payments of $120.00 each for a total of $720.00
(2) Arrowhead Investment (1-866-355-7308)
I borrowed $250.00 on 7/17/08 and have made 5 payments of $75.00 each for a total of $450.00
(3) CashTransferCenters.com (Northway)
I borrowed $500.00 on 9/23/08. When they tried to take the full amount due of $599.90 out of my bank account, it was returned for NSF. They then charged me $58.00 in additional fees and have been hounding me ever since. I sent them a payment of $200.00 via MoneyGram on 10/10, and am supposed to send the remaining $457.90 tomorrow.
(4) Cashback (Where do I begin??) I originally borrowed from them a YEAR ago, and have had a total of 7 separate loans for a total of $4100.00. I have rolled them over multiple times, and paid them back $5825.00 so far. My last loan was on 8/29/08 for $600.00
(5) CashnetUSA.com
Same situation as with Cashback. They require payment in full with each loan - no rollovers. I have borrowed and paid them back 10 times, and currently have a loan out for $700.00. I have borrowed a total of $4800.00 and paid back $5503.00 so far.
I have read all the information about closing my back account and/or blocking ACH withdrawls, revoking payroll authorization from my employer, and seen the sample letters to write to the PDL companies. Considering the above information, do you think I owe any of them anything, or should I just refuse to pay any more?

Posted: Sun Oct 19, 2008 3:42 pm Subject: reply

i am not fron ohio,but from reading shazzers posts on these places i can tell you this.

your top three are all illegal.especially cashtransfercenters.they are located overseas.you only owe them the principal.so you only send 300.00 more to cover this then they can go scratch.
loanpoint and arrowhead arealso illegal so it looks like you have overpaid them.the bottom two CASHNETUSA and CASHBACK are legal.you should work something out with them.you only owe cashtransfercenters 300.00 not 457.90 do not let them tell you different.

Needtogetout · Posted: Sun Oct 19, 2008 4:18 pm Subject: Oops!

First of all, I didn't expect my full name to be listed under "author"...anybody know how to change that and get it off of there?!

It sounds like I might be screwed with Cashnet. But since rollovers are illegal in Ohio, do I have a case with Cashback?

Posted: Mon Oct 20, 2008 4:49 pm Subject:

Don't forget that if you do send money to any PDL send a money order and keep the receipt. Never wire transfer or send personal check(they will debit your account dry if you send pc)

Posted: Mon Oct 20, 2008 5:58 pm Subject:

The best way to pay these PDL's if they will not take a money order is with a prepaid visa card. They can only get what you put on the card nothing more.

Posted: Mon Oct 20, 2008 6:10 pm Subject:

It looks to me like CashnetUSA has a license for short term loans in Ohio, therefore you will need to contact them and try to work out some type of payment arrangements with them.

Is Cashback a store front lender or Internet? I can't locate a license for them, and the rollovers are a good indication they are licensed to lend to Ohio residents. CLICK HERE for the licensee data base for Ohio.

Cash transfer Center is illegal and based in Canada and Malta.
Cash Transfer Centers
Email: customercare(at)cashtransfercenters.com
Fax: 866-809-4069
Level 8 Suite 3
Plaza Commercial Center
Bisazza Street
Sliema SLM15, Malta
phone: 1-866-958-3278
fax: 1-866-809-4069

Loan Point USA illegal/unlicensed
1-800-351-8820 Ext: 304
1-800-351-8830 Fax