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 Posted: Sat Jan 12, 2008 10:29 am Subject: payday loan help in ohio!!!
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OK HERE IT IS I CURRENTLY HAVE 17 ONLINE PDLS. IHAVE TALKED TO LANGHORNE THEY SEEM OK. BUT IT WOULD BE AT LEAST 3 MONTHS BEFORE ANY SETTLEMENTS WOULD BEGIN THERE FEES WOULD BETAKEN OUT OF THE 505.00 THEY WANT ME SET ASIDE EACH MONTH. FEES THE FIRST 3 MON. WOULD BE 484.00 TOTAL AFTER 6 MONTHS 1900.00. AS STATED I HAVE 17 PDLS.GRAND TOTAL 5350.HERE IS A LIST OF WHO THEY ARE AND HOW MUCH HAS BEEN PAID BACK.
1.instantloansnow-500- not due till 1-25-08
2.yourcash-300-pd 288 on it this includes 3financefees plus 50dollar paydown.
3.cashnetusa-400- not due till 1-25-08
4.littleloanshoppe-300- not due till1-25-08
5.loanshoponline-300- 2rollovers total 180.00
6.vinceenterprisesltd-300-pd305 this includes 3rollovers&50on the balance.
7.quickestcashadvance-300- not due till1-25-08
8.epaydayloans-300- 90 rollover
9.paydaycashlink-300- pd 265 includes 2rollovers& 50on the balance.
10.paydayloanyes-350-pd155 includes 105 finanace fee& 50 onbalance
11.b&lmarketing-200- pd.120in rollovers
12.edollarsdirect-300-pd 305 includes 3rollovers& 50paydown
13.djatmarketing-300-pd 180rollovers
14.usfastcash-300- not du till 2-01-08
15.unitedcashloans-300- pd 180 refi. charges
16. cashtransfercenters-300- not due till 1-25-08
17.big-225-pd 1 refi.charge 80
all are current i have questions on how to deal with them. i have closed my account already. so i have 2 weeks till the fun begins. if you can help that would be great.
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mrthumper68
Joined: 09 Dec 2007
Posts: 42
Debtcc Points: 1198
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Posted: Sat Jan 12, 2008 12:43 pm Subject:
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I am sorry and you may have posted this previously but what state are you in? The first thing that you need to do is give them an ach revocation ltr stating that you are revoking any rights they may have in debiting your accounts for money that you owe them.
Someone with more knowledge than I will be along shortly to offer more advice and don't get discouraged all of us have been in your shoes at one time.
ladybug
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ladybug
Joined: 29 May 2007
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Posted: Sat Jan 12, 2008 4:30 pm Subject:
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Ladybug is right, but before you send those letters revoking authorization to debit your account, you may want to close that bank account. If you send the letters first, many of those companies will start debiting your account constantly, like every other day. I dealt with Epaydayloan (still trying with that one). They've debited my account up to 4 times in one day and usfastcash sent through a demand draft check. Read the important stuff in this forum on closing your account before you do that too because the banks can be problematic. Hang in there. Its not easy getting out. You have to stick with it if you want to see the light at the end of the debt tunnel.
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annie340
Joined: 08 Dec 2007
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Posted: Sat Jan 12, 2008 7:47 pm Subject: r
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mrthumper, you have quite a few unlicensed/illegal pdls. I see you are in Ohio and that you have already closed the bank account that the pdls have the information on. Good job. That's the first step. Now, these guys are going to hound you to death via telephone and email once they don't get their payments. You need to check and see which ones are actually licensed/legal to lend to residents in your state. I'm positive BIG, Quickest Cash Advance, USFast Cash, and Cash Transfer Centers will not be licensed/legal to lend. Cash Transfer Centers is notorious for sending wage assignments to your employer. You must send them a letter revoking any wage assignment that you signed with them now. Get this to them before they have the opportunity to send it to your employer.
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guest
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Posted: Wed Jan 23, 2008 2:24 am Subject: payday loan help!!!!
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AS YOU CAN SEEIHAVE A SURPLUS OF ONLINE LOANS . NEEDING MORE INFORMATION ON HOW TO DEAL WITH THESE. ANY INPUT WOULD BE GREAT....
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mrthumper68
Joined: 09 Dec 2007
Posts: 42
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Shazzers
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Posted: Wed Jan 23, 2008 10:11 am Subject:
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here are the laws for your state. Please be sure that your bank will not "force open " your closed account when these debits hit. Many banks do , and it will be a major headache dealing with all the NSF fees. there is a sticky at the top of the pay day forum that should always be read prior to closing your account. Sometimes a hard debit block works better. In any case please check with your bank.
here are the laws for your state
| Quote: | Ohio State Information
Legal Status: Legal (Applies to check cashers only)
Citation:
Ohio Rev. Code Ann. ยงยง 1315.35 et seq.
Loan Terms:
Maximum Loan Amount: $800
Loan Term: Max: 6 months
Maximum Finance Rate and Fees: $10/$100 + 5% per month
Finance Charge for 14-day $100 loan: $15
apr for 14-day $100 loan: 390%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot refinance)
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: Bank charges (if disclosed); $20 collection charge; Court Costs; damages
Criminal Action: Not Specified
Where to Complain, Get Information:
Regulator: Ohio Division of Financial Institutions
Address: 77 South High Street, 21st Floor Columbus OH 43215
Phone: (614) 728-8400
Fax:
Regulatory Contact: Robert M. Grieser,, Deputy Superintendent for Consumer Finance
Regulator Website
http://www.com.state.oh.us/dfi/ |
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kashzan
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Posted: Sat Apr 26, 2008 4:24 pm Subject:
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anybody currently dealing with these lenders.any advice would be great. I have setteled with cashnetusa,big& ctc.the others not yet.
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mrthumper68
Joined: 09 Dec 2007
Posts: 42
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Posted: Sat Apr 26, 2008 5:29 pm Subject:
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I posted this in your other thread about paydayyes:
| Code: | | I can give you a tip how to deal with them. :P I am from Ohio also, I sent them a "not so nice" email and told them and told them I demanded a PIF letter, I gave them 48 hrs to do so. I informed them I was filing a complaint with my AG, Department Of Financing, BBB, and I also told them I was going to write an article about their company's poor business practice and submit it to every news site on the Internet. I received a PIF the next morning, but I still followed through with what I said I was going to do! |
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Online Complaints Ohio Attorney General
Online complaints: Federal Trade Commission.
Ohio Payday Loan Laws
Ohio Consumer Protection Law
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Shazzers
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Shazzers
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Shazzers
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Posted: Tue Aug 05, 2008 10:46 am Subject: my payment
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Hi,
I was wondering if I can pay the $75 payment on 8/14/08 instead of the whole amount. I am confused as to how I pay the rest of the loan back. What is the dollar amount?
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Minerva Ramos
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Shazzers
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Posted: Tue Aug 05, 2008 3:24 pm Subject: Payday loans
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I have six payday loans what is the first step to getting out of this mess I cant pay my regular bills would consumer credit counseling help me out I live in ohio
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Posted: Tue Aug 05, 2008 3:24 pm Subject: Payday loans
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I have six payday loans what is the first step to getting out of this mess I cant pay my regular bills would consumer credit counseling help me out I live in ohio
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