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Patrick Q · Posted: Thu Jul 17, 2008 7:29 am Subject:

Travis Watson and LTA have taken their next series of steps. I received a message that I am going to be served a summons at home. Somehow, they called my boss and said I was going to be served here at work for the course of the next 10 days. Can they legally do that? What should be my next step?

Patrick Q · Posted: Thu Jul 17, 2008 8:41 am Subject:

I received another phone message that he is giving me until 12:30pm EST to make some sort of restitution or the summons will be to me at my work office. I have left a message to speak with my PPL attorney about this.

Posted: Thu Jul 17, 2008 8:43 am Subject:

At this point, I don't have a clue as to what to tell you. I am still not sure where you have paid that debt in full or not. That to me would be the determining factor on what to do next. If it's paid, it's a moot point and I would get right on it to proof that it is. If it's not, then I would try to make some arrangements now. The other possibility is they are talking out of their rears and won't follow through. Good luck.

Patrick Q · Posted: Thu Jul 17, 2008 11:19 am Subject:

The history of my loans with CashnMinutes is the following. I took the first loan of $150 on 1/31, paid off the first loan on 2/14, requested a 2nd loan of $200 on 2/20 - requested that the 2nd loan of $200 be increased to $300 - so I have a 2nd loan of $300 - paid one extension on the $300, then signed an affadavit with my bank saying they were unauthorized, but in fact they were at the time. Went ahead - paid $50 towards the balance. They want me to pay $500 dollars by 3pm EST tomorrow. They now say that the case is more serious and I do not have a leg to stand on - now dealing with bank fraud relating to the number of unauthorized ACH debits taken back and possible perjury with my bank of which they seem to have a copy of my affadavit. They are now threatening bank fraud and perjury charges from fed level and the sister statutes of Virginia and Texas. I do not want them to come to my place of employment and ruin my life.

Posted: Thu Jul 17, 2008 11:33 am Subject:

Okay, lets try this one more time. First loan was paid off. Second loan was taken out for $200 and then you added another $100 to make the total you are currently owing $300. You paid one extension fee on the current loan. Was that for $132 or a different dollar amount. You also paid $50 on the loan towards the principal. So if the fee was $132 and another $50 that makes $182 on a $300 loan. If they are illegal in your state then you would owe an additional $118. But, you stated that your bank reversed 5 $132 debits and gave you back $675. How can you get back $675 on a $300 loan if you only paid tops, $182 on it? You do have the right to revoke ACH authorization but the previous loan has nothing to do with the current one. I guess what they are saying is that you took back money which was theirs to begin with? As for the seriousness of this situation, I don't know to what degree that is but it seems that this is becoming something way bigger than I can advise on, and perhaps others might feel that way as well. I would suggest you speak with someone who has some "legal" authority where you live to try and help you sort this out. I hope you can find someone either on this board or outside of this board to help you with this dilemma. Good luck.

Patrick Q · Posted: Thu Jul 17, 2008 11:56 am Subject:

The 2nd loan was extended to $300 on 4/23. So, I was paying extension fees of $80 4 times between 2/20 and 4/20 on the $200 loan, and then $132 for the first extension fee on the final $300. So, I paid $452 plus $50 today to get them off my back till tomorrow for a total $502. I reversed 5 $132 ACH debits for $675 that were extension fees from mid-May to Mid-July - because I felt was paying them enough and I needed the $ back for other expenses, but said in the affadavit the ACH debits were unauthorized. Who do you recommend in legal authority I should speak with?

Guest · Posted: Thu Jul 17, 2008 2:54 pm Subject:

When you got the extension on April 23, how much would you be expected to pay in two weeks, if that was the time period you agreed to? If you didn't pay in full how much would the extension fee have been at that same piont in time. I trying really hard to follow this but it is getting very convoluted. The extension fee was $80 per charge, which seems a lot on a $200 loan. Then it jumped to $132 for $100 more. Are you sure that the $200 loan wasn't paid in full and then the $300 was an entirely different loan? If that was the case, then you have reversed all the payments you made on that $300 loan and basically still have a $300 balance. I would try to clarify this to be sure that you haven't made any mistakes in the accounting. It seems that you guys are not on the same page with this.

Posted: Thu Jul 17, 2008 4:34 pm Subject:

Patrick. . .that post above was mine. . . forgetting to sign in.

Posted: Fri Jul 18, 2008 10:44 am Subject:

It seems like Patrick reversed charges/payments on a closed out loan. This can be dangerous Confused

Please clarify so we can beeter undertstand what was done here.

Posted: Fri Jul 18, 2008 10:50 am Subject:

Thank you anayroberts. That is what I have been trying to say all along. I think the "third" loan was an entirely new loan, not just an add on. I'm with you on this one. I think he took back money which was applied to a previous loan. And you are correct, that could be very dangerous. Hopefully we will hear back from Patrick.

Posted: Fri Jul 18, 2008 12:03 pm Subject:

Yes LLW, it just sounds a little confusing. So hopefully he will return with more info so we can help him clarify what needs to be done.

If he did reverse charges on a paid off loan, then he might need legal advise Sad

Posted: Fri Jul 18, 2008 12:14 pm Subject:

I'm not real sure about payday loans at all but reading this I agree with what the last few posters has said from what I'm reading of his story it appears he reversed payments on a loan that had been already paid and marked as closed. Which would not be good at all. Because he said he had reversed 5 payments I would think that would extend back to the $200.00 loan whcih from reading the posts appears to be a different loan then the $300.00 one. Hopefully he will come back and let us know how everything is going.

Johnita

Posted: Fri Jul 18, 2008 1:48 pm Subject:

Yikes,
The first thing I would do, is go back through my records and write down a time line. Start with taking out the first loan. Put down every date and dollar amount when money was taken out of your account toward the loan. Do that for any loands you took with this company. Then write down all the reversals you did too.

I'm not trying to be mean, but your posts are very confusing. Take a deep breath and try again, be as specific as possible, and maybe try a different format for your post: i.e:
Original loan $200
4/1 paid $80 extension fee
4/14 paid $80 extension fee..
4/28 paid $150 ($80 extension fee + $70 toward principle)

That might help some. But I"m not sure.
Good luck!
Jen