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Posted: Sun Jan 20, 2008 12:00 pm Subject: help dealing with GFS??
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I'm so glad I found this website Thursday just wish I had found it sooner. I've been dealing with payday loans since Aug 2005 and was able to pay all of them on time til the First of this month when I closed my checking account. I had 5 pay day loans and already have 2 PIF's since Thursday. 3 to go.
Payday Select-PIF as of 1/18/07
Payday Ok-PIF as of 1/18/07
Payday One-300-pd 48.75.
Discount Advances-240-pd 0.00
GFS-275-pd 0
I was just wandering how to deal with GFS since it seems so many of you have had dealings with them, I was just wandering what is the best approach. I have a payment arrangement set up to pay them $355 this Friday which I was bullied into via phone harassment at work. But I don't feel like I owe them that much as I have had 3 loans with them in the past I have highly overpaid but with no prove as they are phone agreements nothing in writing. I thought I could call and speak with a supervisor and offer to pay $305 and consider my account pif. I know this company is illegal and there is really nothing they can legal do to me but if I don't pay them they will cont. to harass me at work which I don't need. Any suggestions would be greatly appreciated? And a Big Thanks in advance. This forum has already done so much to help just since Thursday.
I live in Tn.
| Quote: | Legal Status: Legal
Citation:
Tenn. Code Ann. §45-17-101 et seq. and Tenn. Comp. R. & Regs. § 0180-28-.01
Loan Terms:
Maximum Loan Amount: $500
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: the lesser of 15% of the check or $30
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: 3 (2 per licensee)
Rollovers Permitted: None (cannot renew or otherwise consolidate)
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: One $30 NSF Fee; Court Costs
Criminal Action: Prohibited
Where to Complain, Get Information:
Regulator: Tennessee Department of Financial Institutions
Address: 511 Union Street, Suite 400 Nashville TN 37219
Phone: (615) 741-2236
Fax: (615) 532-1018
Regulatory Contact: Bart Daughdrill,
Regulator Website
http://www.tennessee.gov/tdfi/ |
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tiffy19_2006
Joined: 18 Jan 2008
Posts: 10
Debtcc Points: 314
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LoneGunman
Joined: 14 Jan 2008
Posts: 226
Debtcc Points: 1631
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Posted: Mon Jan 21, 2008 2:18 pm Subject: r
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Great post, lonegunman! You gotta love these sneaky low life you-know-what's!
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cannr
Moderator

Joined: 07 Jun 2007
Posts: 9372
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Posted: Mon Jan 21, 2008 2:40 pm Subject:
Latest Blog Post : http://frogpatch.yesdebtfree.org |
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If you feel that you have paid GFS what you owe them just refuse to pay them and let them scream and threaten all they want. They are operating an illegal operation and have no legal recourse to collect from you. Eventually they just go away. Then they come back and go away again. They may pop up in a couple months. I just said "I don't owe you anything" and hung up. Do not encourage them by engaging in any conversation.
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frogpatch
Moderator

Joined: 09 Apr 2007
Posts: 3767
Debtcc Points: 31152
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Posted: Mon Jan 21, 2008 3:41 pm Subject:
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Excellent point Frog. I think if everyone said that and hung up these idiots would eventually get the message.
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Guest

Debtcc Points: 100
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Posted: Mon Jan 21, 2008 8:31 pm Subject:
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Thanks, cannr, Oh theres just sooooo many words than can replace "sneaky you know whats".
Love the hotdog.
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LoneGunman
Joined: 14 Jan 2008
Posts: 226
Debtcc Points: 1631
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Posted: Mon Jan 21, 2008 9:52 pm Subject:
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Just want to thank everyone for the advice. I sent gfs I fax today.
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tiffy19_2006
Joined: 18 Jan 2008
Posts: 10
Debtcc Points: 314
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Posted: Wed Apr 16, 2008 7:44 pm Subject:
Latest Blog Post : http://needhelpwithbills1966.yesdebtfree.org |
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Thanks for the information.........I am going to pass this on to my Mom who is having problems with GFS. Also. may I add one other thing, you may want to contact your state attorney general office to see if they can help you with this company. If not, see if they have an international section with the US department of Justice.
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wssu91
Joined: 31 Mar 2008
Posts: 510
Debtcc Points: 2473
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Posted: Wed Nov 26, 2008 7:40 am Subject:
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does anyone know the number website to GFS?
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tamiesha
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Debtcc Points: 100
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