Help for PDLs in Oregon

THE CALLS HAVE STARTED!

I had Geneva Roth call me... They left a message because I was out in the field all week. They didn't say who they are just gave me a reference number and to call them back immediately before they take action. Left me the number. Guess what I got when I googled it... a DCC post about geneva roth. Oh no.

Just got back I haven't even checked my email to see what the lady at Langhorne will say. Will keep everyone updated though....

Cash Net USA is licensed in Oregon, and if they are not following the new laws, you need to file a complaint. I can PM you the name of the guy at the banking dept that handles these. As soon as Cash Net USA knows you have done this they will cave in.

Even though I got the loan before the new laws came into effect? They did 'extend' my final loan repayment after the new law, I think to make their rate or fees or whatever appear to be smaller by spreading it out. They haven't called me yet... They are going to try to take out the money on the 15th.

I did get an email from Langhorne... wanting to know if they were internet or storefront. So I emailed her back with more details. I'll be giving them a call today. Then I'll have to call CashCall and Prosper to make an arrangement. My check on the 13th is already gone, and then two weeks after that, that check will need to go to rent so I'm not late again. It is just strapped way to tight!

I know how you feel . . . .

The new laws would only come into play if the loan was extended after July 1. If you renewed or rolled over the loan after July 1 then they must comply with the new laws. There was another case of an Oregonian here with a loan from Cash Net USA and they weren't following the new laws. He got my contact involved at the OR DFI and immediatly Cash Net USA caved and made him only pay back principle.

Did you pay a rollover fee after July 1? Or did they just offer to extend your payment out as a "courtesy"?

I paid a rollover fee on July 3rd and then suddenly my new due date was August 15th.....

It was my final renewal anyway, the 3rd one I believe, which is 1 more than the new law. Plus this was my second or third loan with them, and I probably overpaid all those times, as usually the case. I'm just not sure I have enough knowledge or more important confidence to convince them that $361 already paid on a $450 loan is good considering my past loans....

If you renewed on July 3 then they would be subject to the new laws. You need to file a complaint.

Technically, you wouldnt' have overpaid since the old laws had no limits on interest.

I'm going to lunch now so I will post more info later.

Pokogeo - Read this thread - It's the one about the other Oregonian dealing with Cash Net USA with the law change.

http://www.debtconsolidationcare.com...ashnetusa.html

Thanks, as always you are very helpful. I'll check out that link. I was reading over on another post in PA that CashNetUSA is trouble and hard to work with. I think I should call in Lanhorne for that.... I can't stand the thought of being called 6 times a day on my cell and at work!

Right, but with Oregon's new laws it specifically says that internet companies must follow OR law. I bet you that once you file the complaint with the guy I mention in the thread above, Charles Donald, that cash net usa will cave immediatly.

The one thing with Cash Net USA is that they strive to follow all state laws. Once you call them on their "mistake" they will be much easier to work with. In PA the law is not clear. OR law is very clear now.

Right, makes sense, so glad to have your knowledge around here! So what I understand from the other thread is that I won't have as much to pay them back because the interest rate is lower? And they'll be willing if I mention that I talked to Mr Donald.

Update: So Cash Call finally calls me right, and I tell them I can't pay. Well the girl finally asks me the right question as to why I can't pay them. I got trapped in a payday loan cycle to pay for medical emergencies. I was crying... Like I do whenever I think about how sick my girlfriend was. She was very understanding and if I got my balance current she would apply for deferment and if that won't work then the moderated schedule with reduced interest rate and thus reduced monthly payments.

The problem is getting her the money through MoneyGram, I can only get it through the bank which is only open from 9-5, and Monday I'm going out to the field working from 7 til whenever, which is often later than 5. And in fact getting it done between 2-3 is better the lady said. So what do I do? If I get my check early I can't go send it early, I certainly can't do it before work, and I feel bad skipping out on the field just to pay this... But I might have to. The other option is to send it western union, which I think I can get to on the weekend, only it costs 2x as much. Plus I think I'd have to call back and get the information, or maybe I can find it online....

Which my internet will be shut off soon. I was supposed to pay that bill today but I can't. I shouldn't be wasting my money on it anyway. B told me not to get it but I wanted it and we wanted to make money doing ebay but instead we fell victim to one too many online scams as well as having access to online payday loans.

But atleast I won't have to worry about Cash Call until B starts working, and I can concentrate on this other stuff. I guess I need to start calling and complaining so that the IPDLs can be stopped.

That's great that cash call is working with you! They can be very difficult to say the least . . .

As far as Cash Net USA goes, call Charles Donald and file a complaint against them too. Since this company is legally licensed in Oregon they can be fined or their lending license yanked. And yes, you won't have to pay them back nearly so much. The other guy that called them on it only had to pay back principle. Can't say for sure they will do the same for you, but the difference between prinicple and payment in full isn't much with the new laws . . . .

But since I can't pay them back right away, will they still be willing to work with me?

I would say that since you have them by the balls right now, you have a good chance of getting them to work with you.

I would call them up today and tell them that per OR new laws they are overcharging you. See what they say. Tell them when you can pay and what you will be paying. Just be firm with them. Since they are a legally licensed company, complaints are a big deal to them. They don't want them. They could lose their license.

Update!

Geneva Roth called me again, while I was on the phone with Lanhorne but I'll get to that in a minute. I just checked my email with the subject "please call me i have tried several time to reach you with no success". Note how they don't even bother with capitilazation, and the letter inside was standard. The email address was not even close to the same name as the person who 'typed' the email, and the domain name is smithhaynes.com, which when you pull that up is only a logo with a clickable mailto... I must check out Smith Haynes and Watson LLC on dcc here....



I do finally get a name and address: Geneva Roth Ventures, P.O.Box 148, Shawnee Mission Ks 66201

Should I email back attaching a letter that I had sent to them? And repeating everything in the attachment including that they are not to call me and they are not licensed. I think I might.... Plus the BBB has one complaint on each - two different 'companies'... ie one is capitalized and one is not and neither say LLC.

So I guess I need to get my ducks in a row. I talked with Lanhorne and once I can get 264 to put into a savings account then its good. But total I'd put about 2,000 into it over the year, and then pay them all off. But the bonus is that they will be done, none of that, "well you didn't pay us" or selling the debt to someone else after it has already been paid, that people seem to be going through. None of that suddenly getting calls again after you had already paid them. None of that currently getting phone calls all the time until I pay them. None of that you now owe us $2000 for a $300 loan. The problem is I don't have 264... And I won't until October, by then I suspect this will be a big mess.

The other option is paying them the remainder of the principal. Which is $740 on the unregistered ones, and with cashnet, hopefully not more than $450 more. But I won't pay them for a while and they'll keep harrassing me apparently even after I pay them.

So I guess I have another question. I know I need to call Mr. Donald, and I'm also supposed to file a complaint somewhere... I need to check into that. I guess I need an itemized list of what I need to do because I can't keep everything in my head straight...

I'll keep you updated.