Navigation
  #17  
Old 04-07-2009, 12:42 PM
mybabybo mybabybo is offline
 
Join Date: Apr 2009
Posts: 8
Credits: 140
Default

I love you guys already!!
My payments to Magnum Advance are 216.25 every pay period.

My payments to Cashcall are 216.55 every month. I did take your advice and contacted them, they are reviewing my case to see if they will lower the interest rate, therefore lowering my payments.

You guys are a GODSEND!!!
Reply With Quote Quick reply to this message
  #18  
Old 04-07-2009, 12:45 PM
Cool_Abyss's Avatar
Cool_Abyss Cool_Abyss is offline
Moderator
 
Join Date: May 2008
Posts: 2,832
Credits: 14,290
Default

I am glad progress is being made.

Your payments to Magnum is $216 every 2 weeks? WOW that is ridiculous. So you need to add up the amount you have paid them so far. I am sure you have overpaid at that rate. Please review your bank statements them total up all the fees you paid. If it is over the $550 you borrowed, then you are due a refund and your account marked "paid in full"
__________________
"We are what we repeatedly do. Excellence, then, is not an act, but a habit."

-Aristotle-
Reply With Quote Quick reply to this message
  #19  
Old 04-07-2009, 02:06 PM
nohiogal's Avatar
nohiogal nohiogal is offline
Senior Member
 
Join Date: Nov 2008
Posts: 2,633
Credits: 10,240
Default

Right. How many times has Magnum taken the $216 from your checking account?
__________________
To infinity, and beyond
Reply With Quote Quick reply to this message
  #20  
Old 04-07-2009, 06:39 PM
mybabybo mybabybo is offline
 
Join Date: Apr 2009
Posts: 8
Credits: 140
Default

They have only taken it out once, but I have another payment scheduled on the 17th of this month.
Reply With Quote Quick reply to this message
  #21  
Old 04-08-2009, 03:08 AM
nohiogal's Avatar
nohiogal nohiogal is offline
Senior Member
 
Join Date: Nov 2008
Posts: 2,633
Credits: 10,240
Default

In that case you only owe them $334.
__________________
To infinity, and beyond
Reply With Quote Quick reply to this message
  #22  
Old 04-08-2009, 04:35 AM
Cool_Abyss's Avatar
Cool_Abyss Cool_Abyss is offline
Moderator
 
Join Date: May 2008
Posts: 2,832
Credits: 14,290
Default

mybabybo you need to send them this letter below then.

Quote:
Date:

Name Of PDL

Your Name
City, State
Account #


After doing research regarding Internet payday loan laws in the State of _______, I have found that your Internet payday loans are actually illegal. I have also found the following laws to be true applying to payday loans in the State of _____ in general:

Your State Information

I hereby revoke any and all ACH authorizations with your company from debiting any of my personal accounts, per Federal law, Regulation E Section 205.10 Preauthorized transfers. I have closed my account with the XXXXXX to protect my interest in this matter, per instructions from The _____ Department of Finance. I also revoke any and all wage assignments I may or may not have signed with your company, I no longer authorize you, your company, or your affiliates to attach any part of my wages or contact my employer for your collection purposes. I have notified my employer about this matter so any attempts to do so on your part will be rejected.

I demand that any contact be made through US Postal mail or email only. I will need everything in writing to keep accurate records of all communication as per instruction from my Attorney General's Office.
I prohibit you or your affiliates to contact me via telephone at my place of employment or my home
telephone number. I also prohibit you from calling my references listed on my loan.

Due to the fact that Internet payday loans must be licensed in the state of ____ to be a legal and binding contract, your company should NOT issue loans to ____ residents at all. I am requesting that you send me your license number which enables you to offer loans to ____ residents.

The legal amount that could have been charged to my loan is the principal amount, even IF your Internet pay day loan were legal anywhere in the U.S.. I am willing to pay the principle amount of the loan only, however, this is only if you provide me with a physical address where I can send payments.

I must also inform you that I will be filing complaints with the Better Business Bureau, the Federal Trade Commission, and the ____ Attorney General's Office.

I expect a response from your company no later than 5 days from the above date regarding this matter. This response may only come via US Postal mail or email. No telephone contact is permitted.

Sincerely,

Your Name
CC:
Better Business Bureau
Your State Attorney General
Federal Trade Commission


__________________
"We are what we repeatedly do. Excellence, then, is not an act, but a habit."

-Aristotle-
Reply With Quote Quick reply to this message
Reply

Quick Reply
Name:
Message:
Remove Text Formatting
Bold
Italic
Underline

Insert Image
Wrap [QUOTE] tags around selected text
 
Decrease Size
Increase Size
Options

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -8. The time now is 10:45 AM.




About Us | Contact Us | Affiliate | Sitemap | Espanol | RSS Feeds| Terms of Services Navigation