I hope someone here can help me. I live in NJ and work in PA. My wife had breast cancer and things got tight. I wound up with seven (!) PDLs. After I got the last one, from East Side Lenders, a draft was presented to my bank for about $40, which I hadn't authorized. I called the number on the draft and was told it was for a net **** site (I do not frequent those!). Got the bank involved (NJ) and they put a hold on my account and opened a new one.
What should I do about these loans? I'm afraid to give them my new account number because of the fraud I just had. I would love to pay back the principal, probably have in some of them by now, and be done with them but I wonder what I should do next. I am worried about garnishment. My bank says it will not charge me if they try any withdrawls, but what will they do next? To add to the worry, because of the fraud I have a new account, and because of that I won't have direct deposit next payday, the 15th.
I hope someone here can tell me what to do next! Besides the new ESL loan, I have loans from
USFastCash
Web Payday
Upfront Payday
Cash Direct (GECC)
NetCashUSA
OneClickCash
Yes, I am an idiot. My wife's cancer, coupled with the current economy, have made me lose focus and repeatedly make bad decisions. The recent fraud has left me facing a dilemma - tell all the PDLenders of my new account and continue this horrible spiral, or - what?
Thanks for any help. I was researching this topic on the web and found this site. As I've had to abandon paying my credit cards I suspect I'll need to join soon.
Troubled in New Jersey
PS - My wife is now free of cancer. But not stress...
[color=Red]****Adult term removed - Jason[/color]
Posts: 1211
Credits: 7988.1 Send message to alias1958
Welcome! That's good news about your wife!
You have come to the right place. There are many people here who have also been through the PDL spiral and will be able to give you good advice.
In order to better help you, please also post whether each lender is internet or store front, the amount borrowed from each, and the amount paid so far to each.
Posts: 88
Credits: 1242.6 Send message to jt
Thank GOD your wife is ok!
Aren't PDL's prohibited in NJ?
Posts: 1381
Credits: 14901.55 Send message to llw1995
Yes, PDLs are prohibited in New Jersey. I am in NY and they are prohibited here as well. If you can list the items that alias requested, we can help you better. Things may not be as bleak as it appears on the surface. I can tell you that UsFastCash and One Click Cash are part of MNE and illegal as all hell. . .everywhere. Your bank account is closed. That is a good thing. Please do not, under any circumstances, give this new account info to the PDLs. You will need to draft a C and D letter (you can find the template on this site) and get it out to the PDLs which will revoke just about everything you agreed to in the first place. You need to file complaints with the NJ AG, the BBB and the FTC. You can join this site at any time. There are many different aspects so feel free to become part of this community. I am glad to hear that your wife has beat this thing. That, I am sure, is your main concern. Take care of your personal stuff first, as your money is now safe from the PDLs. Get those dollar amounts listed and we can tell you exactly where you stand with this situation. Not to worry, help is on the way.
Thank you!! I will have to go online to check all their statements as I never just wrote them down (See: idiot). All are web based. I will do this by the end of the day.
The C & D letter - once I find the template, how do I get it to the PDLs? Mail or e-mail? I hope I can find addresses.
My former account is not closed, but on a fraud hold. I suspect one of these PDLs got extra greedy by signing me up for a **** site. I called the bank and will not be charged by themfor repeated attempts to withdraw.
I have every intention of repaying all principals and even reasonable interest.
[color=Red]****Adult term removed - Jason[/color]
Posts: 17135
Credits: 158162.9 Send message to Shazzers
To my knowledge, USFastcash is not licensed to lend anywhere in the US, unless that has recently changed.
USFastCash
3531 P Street NW , PO Box 111
Miami, OK 74355
Attention: Collection Department
US Fast Cash Compliance Department
Fax: 1-800-470-6614
Email: compliancedepartment(at)usfastcash.com
Web Payday is not licensed to lend anywhere in the U.S.
WebPayDay
320 West 200 South, Suite 350-B
Salt Lake City, UT 84101
Phone: 1-800-814-5451
Fax: 1-800-814-4960
Upfront Cash is unlicensed/illegal
Upfront Cash
223 West Bulldog Blvd.
Provo, Ut.
Cash Direct (GECC) - I believe they are also unlicensed/illegal.
This is for Cash Direct Express/GECC:
Tracy L. Callaway
(302) 737-0926 ext. 302
(302) 737-3873 - fax
tcallaway(at)geccloan.com
Net Cash USA - I believe they are licensed in NM.
Net Cash USA
314 N Riverside Dr
Espanola, NM 87532
Primary Phone: (866) 348-6200 ???? Other
Primary Fax: (866) 922-7401 ???? Other
Primary Contact: Anthony White,Operations Manager
Website: netcashusa.com
OneClickCash - illegal/unlicensed
CustomerService(at)oneclickcash.com
compliancedepartment(at)oneclickcash.com
FinalCollections(at)oneclickcash.com
1-800-825-0441
CLICK HERE To join my Social group, The Payday-Loan-Free Advocates!
Online Complaints Ohio Attorney General
Online complaints: Federal Trade Commission.
Ohio Payday Loan Laws
CLICK HERE to find a Creditor
Posts: 17135
Credits: 158162.9 Send message to Shazzers
In N.J. payday lenders are not legal, either because of restrictive laws, or because the state does not license companies not located in that state, but requires a state issued license to lend.
Quote:
Legal Status: Prohibited
Citation:
Consumer loan act applies but rates as agreed to by contract. N.J. Stat. Ann. tit. 17,???? 1 et seq. However, criminal law sets the usury cap at 30%. N.J. Stat. Ann. ???? 2C: 21-19. A check cashing licensee cannot cash or advance money on a postdated check. N.J. Stat. Ann. ???? 17:15A-47.
Small Loan Rate Cap
30% per year
Where to Complain, Get Information:
Regulator: New Jersey Department of Banking and Insurance
Address: 20 West State St. Trenton NJ 08625
Phone: (609) 292-5360
Fax: (609) 292-5461
Regulatory Contact: Ludi Hughes Assistant Commissioner
CLICK HERE To join my Social group, The Payday-Loan-Free Advocates!
Online Complaints Ohio Attorney General
Online complaints: Federal Trade Commission.
Ohio Payday Loan Laws
CLICK HERE to find a Creditor
Posts: 17135
Credits: 158162.9 Send message to Shazzers
I would send them emails and you can elect to also send a letter to each of them USPS certified return receipt. Try to write a letter in your own words stating the following information:
-You are revoking wage assignments
-You are revoking ACH authorizations to any of your personal accounts. (you may want to include a copy of the EFT laws below)
[quote]Electronic Funds Transfer Act
907. Preauthorized transfers
(a) A preauthorized electronic fund transfer from a consumer's account may be authorized by the consumer only in writing, and a copy of such authorization shall be provided to the consumer when made. A consumer may stop payment of a preauthorized electronic fund transfer by notifying the financial institution orally or in writing at any time up to three business days preceding the scheduled date of such transfer. The financial institution may require written confirmation to be provided to it within fourteen days of an oral notification if, when the oral notification is made, the consumer is advised of such requirement and the address to which such confirmation should be sent.
(b) In the case of preauthorized transfers from a consumer's account to the same person which may vary in amount, the financial institution or designated payee shall, prior to each transfer, provide reasonable advance notice to the consumer, in accordance with regulations of the Board, of the amount to be transferred and the scheduled date of the transfer.
[Codified to 15 U.S.C. 1693e][/quote]
-You are aware they are illegal and unlicensed to lend to consumers.
-Demand they cease communication with you other than USPS or via email.
-Demand they not contact your employer, family, friends, or any of the references listed on your loans. (Be aware that the Federal law regarding cease communications only applies to a third party collector, however it never hurts to add this anyhow.)
-Inform them you will pay back the principal amount of the loan ONLY, via USPS with money orders only.
If anyone else can think of anything to add to this, please do!
CLICK HERE To join my Social group, The Payday-Loan-Free Advocates!
Online Complaints Ohio Attorney General
Online complaints: Federal Trade Commission.
Ohio Payday Loan Laws
CLICK HERE to find a Creditor
Posts: 1381
Credits: 14901.55 Send message to llw1995
Shazz is right. I sent all of my C and D letters via email and never sent a hard copy to anyone. Perhaps I just lucked out but the emails seemed to work for me. Emailing gets them in record time and the hard copy would just be additional proof of their being sent. Looks like Shazz has given you some good email addresses to get you started. Keep us posted.
I just spent an hour online finding all my loans. To my horror, I have 8 PDLs!!! My bank statement (online) does not go back far enough to find out how much I've paid, and the lenders websites do not display this info. Perhaps I can go to the bank later and see how far back their records go.
Here is what I have so far...
July 30 - East Side Lenders Borrowed 300 owe 390 not yet paid.
Date? -NetCashUSA Borrowed 250 owe? paid over 300
May 1 -USFastCash Borrowed 500 owe 390 paid over 500
March 31-WebPayday Borrowed 500 owe? paid over 500
March 31 Upfront Payday Borrowed 500 owe130 paid over 500
June 16 Cash DirectGECC Borrwed 300 owe 244 will check bank
June 13 OneClickCash Borrowed 300 owe 390 paid 360
July 30 American Consumer Credit Borrowed 300 owe 390 no pay
In a word, ouch! We have really been hurting and I can't believe how stupid I've been. I have been looking all over for the C&D template, so I hope someone will post a link. The other info just added will be very useful.
I cannot begin to thank you all enough. I have really lost my focus, and the recent fraud was a major wake up call. As soon as I find the template I'll start sending it out.
Posts: 1211
Credits: 7988.1 Send message to alias1958
Since PDLs are illegal in NJ, it looks like you have overpaid on most of these, but I'll let someone more familiar with them give you more specific advice.
I just wanted to mention, since I didn't see it in the other posts, that when you revoke wage assignments, be sure that you give a copy to your employer, in case any of them try to do it anyway.
Good luck!
Pages
Add new comment