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 Posted: Tue Nov 13, 2007 12:34 pm Subject: Help in Arizona
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So I got caught up in the PDL since my ex husband left last year and did not help pay for any of the debt and I had no choice to get them at the time. I have some I am still paying on and want to know if there is anything I can do because I just cant make it anymore. These two I have been paying on for a year
DMS Marketing $45 every week
2 Power Funding $60 every other week
Here are the others
Cash-advance.us (www.cash-advance.us) $195 balance
Cash Direct Express $366 Balance
One Click Cash $455 balance
National Payday $150 balance I believe
Payday Loan Yes $65 balance
cashnetusa.com $570.60 balance
Thanks!
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aferry77
Joined: 13 Nov 2007
Posts: 12
Debtcc Points: 379
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Posted: Tue Nov 13, 2007 12:41 pm Subject:
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Aferry, Are all of these internet and would you please list how much you borrowed and the total of how mych you have paid each company. I am gong to post your state laws so you and everyone else can look at them while posting.
_________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
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RoxyNY
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Joined: 03 Aug 2007
Posts: 4093
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Posted: Tue Nov 13, 2007 12:47 pm Subject:
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State LAw
| Quote: | Arizona State Information
Legal Status: Legal
Citation:
Ariz. Rev. Stat. Ann. ยง 6-1251 et seq.
Loan Terms:
Maximum Loan Amount: $500
Loan Term: Min: 5 days
Maximum Finance Rate and Fees: 15% of check
Finance Charge for 14-day $100 loan: $17.65
apr for 14-day $100 loan: 459%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: Three (extensions)
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: $25 NSF fee + actual charges assessed by the financial institution
Criminal Action: Prohibited
Where to Complain, Get Information:
Regulator: Arizona Department of Financial Institutions
Address: Financial Enterprises Division, 2910 N. 44th Street, Suite 310 Phoenix AZ 85018
Phone: (800) 544-0708
Fax: (602) 381-1225
Regulatory Contact: Robert Charlton,, Assistant Superintendent of Banks
http://www.debtconsolidationcare.com/paydayloan/about38263.html
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_________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
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RoxyNY
Moderator
Joined: 03 Aug 2007
Posts: 4093
Debtcc Points: 11406
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Posted: Tue Nov 13, 2007 1:14 pm Subject:
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Aferry, Have you done anything about your bank account. If not, you need to close your bank account and open a new one to keep the pdls from debiting anymore. Also be sure your account can not be forced open by the pdl's debiting your account. If you can not close your account you need to have the bank place a debit block on your account so no money can be debited out. But before you close your account you need to read the following on closing your account. This was posted by Goudah a Moderator and is very informative.
| Quote: | 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!
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Please post the information asked for above so we can help you. I know you pm's me asking about the laws and I promise we will cover it. I have to go for a little while but will check back. In the meantime if you have any questions,please post.
_________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
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RoxyNY
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Joined: 03 Aug 2007
Posts: 4093
Debtcc Points: 11406
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Posted: Tue Nov 13, 2007 1:34 pm Subject:
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DMS Marketing Loan was for $300 I have paid $2340
2 Power Funding Loan was for $200 I have paid $1620
Here are the others
Cash-advance.us (www.cash-advance.us)Loan was for 500 I have paid $950
Cash Direct Express loan was for $700 I have paid $2,094
One Click Cash Loan was for $350 I have paid $315
National Payday loan was for $300 I have paid $825
Payday Loan Yes loan was for $300 I have paid $1000
cashnetusa.com loan was for $500 I have paid 141.20
I also had United Cash Loans which I paid off two weeks ago. The loan was for $300 I paid $975. I have not done anything with my bank account because I did not want to be taken to court over closing my account or them going to my job etc.
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aferry77
Joined: 13 Nov 2007
Posts: 12
Debtcc Points: 379
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Posted: Tue Nov 13, 2007 3:22 pm Subject:
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It gets worse....this is over the course of a little over a year. I just made myself sick doing the numbers.
Cash-Advance.us I borrowed $100 PB $3069
Pay Loan Day Yes Borrowed $600 PB $2315
United Cash Loans Borrowed $300 PB $975
USA Pay Day Loan Borrowed $600 PB $1950
CA USA Borrowed $300 PB $1200
Starlightfs Borrowed $300 PB $1254
Upfront Pay Day Borrowed $300 PB $1065
Cashnet USA Borrowed $2000 PB $2437.52
One Click Cash Borrowed $650 PB $1020
Apple Pay Day Borrowed $300 PB $757.20
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aferry77
Joined: 13 Nov 2007
Posts: 12
Debtcc Points: 379
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Posted: Tue Nov 13, 2007 3:39 pm Subject:
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Wow, someone should be in to help you with this shortly. Be sure to check back about this thread.
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njl32
Joined: 24 Oct 2007
Posts: 99
Debtcc Points: 2448
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Posted: Tue Nov 13, 2007 9:20 pm Subject: r
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aferry, holy crap!  I had to light a cigarette on this one! It makes us all sick once we "do the numbers". Amazing, isn't it? They will take you for all they possibly can. I wish to God you had found us sooner. As you will see from the state pdl law that roxy posted, criminal action is prohibited. You would not get into trouble for closing your bank account that these plds have access to. Since you have not done so yet, your first step is to get this account closed A.S.A.P. I also see that roxy has posted information regarding closing your account. Read that (if you haven't already) and post ANY questions that you have. You need to either close this account with the assurance it will not be "forced open" due to pending pdl debits. If they can not assure you that it will not be "forced open", then you need to have a hard debit block/hard hold put on this account. If you have direct deposit, stop it now. Open another account at a different bank and have your direct deposit go to the new account. As you have now noticed, these pdls will not stop debiting your account. They will debit it for thousands over a $300 loan. Some of these pdls are not even licensed/legal to lend. Now, one of them - CashNetUSA - will be licensed/legal. However, you can contact them to make alternative payment arrangements other than debiting your bank account. If you can get your bank account closed/blocked NOW, we can help you with dealing with these pdls, okay? Can you please go to the bank and get the account straight to where NOTHING will hit it. Whether it be closed with the promise of not re-opening or blocked with the promise of nothing going through. You need to do this first. This is the main priority right now. To get your money back under your control. We can do this together. Please go to the bank and get it done. Then we can move forward. We need to get these taken care of. We can help you here.
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cannr
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Posted: Tue Nov 13, 2007 10:36 pm Subject:
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I guess I just need some help understanding this first. How can I find out which are licensed and legal? How are people asking for refunds and can I...do they actually get the refund?
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aferry77
Joined: 13 Nov 2007
Posts: 12
Debtcc Points: 379
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Posted: Wed Nov 14, 2007 4:17 am Subject:
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Aferry, It looks like the only one that will be licensed/legal is Cashnet. The others will not be. You can ask for a refund and you may or may not get it. Please get the bank account taken care of asap. and we will go from there.
_________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
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RoxyNY
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Joined: 03 Aug 2007
Posts: 4093
Debtcc Points: 11406
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Posted: Wed Nov 14, 2007 8:11 am Subject:
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I am going to get the bank taken care of today I hope it will be enough time since I have two coming out Friday. What exactly do I ask my bank about it not being forced open? Does anyone have the letters to send to the PDLs?
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aferry77
Joined: 13 Nov 2007
Posts: 12
Debtcc Points: 379
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Posted: Wed Nov 14, 2007 8:14 am Subject:
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Has anyone had problems with Bank of America opening their account again once it was closed?
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aferry77
Joined: 13 Nov 2007
Posts: 12
Debtcc Points: 379
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Posted: Wed Nov 14, 2007 8:19 am Subject:
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I had an account with BoA and no it was not forced back open, I actually spoke to someone in the fraud department and asked them to "freeze" my account due to unauthorized debits being taken from my account, they figured it was my debit card (ha ha) and completely froze my account. I have had ach debits hit and bounce back to the originating company. I do not use this account any longer and have moved to a totally different bank
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deeannstudent
Joined: 04 Jun 2007
Posts: 212
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Posted: Wed Nov 14, 2007 8:31 am Subject:
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I feel your pain, been there!!! I sent everyone of the payday lenders a letter stating they are not to debit my account and also, to only contact me by mail or email. If they are illegal, let them know that you know they are illegal and don't give into them. If you look at the laws of you state, it will be a big help. I contacted Cashnet and they were easy to deal with. I had a payday loan with paydayservices and figured on a $300 loan I paid $1110. At that point I became mad and decided I would not do it anymore. So don't fret, get to work and get out of the situation. People here are really helpful.
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whitenan
Joined: 04 Oct 2007
Posts: 8
Debtcc Points: 251
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Posted: Wed Nov 14, 2007 12:01 pm Subject:
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deeanne, good job, Thank you. Aferry, I will pm you the letter today. You will need to change the state information to reflect your state. If you have questions or need help just post. Be sure to send it by Usps and certified return receipt. You can also fax and/or e-mail. You will send one to each company.
_________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
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RoxyNY
Moderator
Joined: 03 Aug 2007
Posts: 4093
Debtcc Points: 11406
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Posted: Wed Nov 14, 2007 12:04 pm Subject:
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Thanks everyone...I hope to get this taken care of. I dont mind paying what I borrowed but geez. Having a $300 loan and paying back almost $3 grand is a little insane.
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aferry77
Joined: 13 Nov 2007
Posts: 12
Debtcc Points: 379
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