| Message |
Author |
 Posted: Mon Nov 24, 2008 9:20 pm Subject: PDL Help |
|
|
 I have 4 pdl and i need advice. I live in Arkansas and have only lived here since January of 2008. My loans are as follows
Advance America borrowed 300-owe 357
Payday Max borrowed 500-owe-292
DebitDr borrowed 300-owe-390
CLM group borrowed 300-owe 390
I also have check into cash, but i am paying them off in full on Dec 5 2008. I have tried to get a debt consolidation loan to pay these off or even get debt consolidation help, but i am denied both. I am told by debt consolidation companies that the Payday lenders and Cash Call and Quick Click loans will not work with them. I cannot afford any lender to garnish my wages or obtain a judgment against me, if that happened i would lose my house and my car. Can anyone give me any advice??? Thank you
_________________
Register today to encash debtcc points.
|
|
Chrissy1970
Guest
Debtcc Points: 100
|
|
|
| Posted: Tue Nov 25, 2008 10:34 am Subject: |
|
|
Hi Chrissy,
Here are the law's for Arkansas, are these all storefronts?
| Quote: |
Arkansas State Information
Legal Status: Legal (Applies to check cashers only)
Citation:
Ark. Code. Ann. § 23-52-101 et seq.; Ark. Const. art. 19, § 13
Loan Terms:
Maximum Loan Amount: $400
Loan Term: 6-31 days
Maximum Finance Rate and Fees: 10% of check + $10; $5 ID card
Finance Charge for 14-day $100 loan: $22.22
apr for 14-day $100 loan: 579%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: One per location
Rollovers Permitted: None (cannot renew or consolidate)
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: NSF fee; Court Costs; Reasonable Attorney's Fees
Criminal Action: Prohibited (Unless check returned due to closed account or stop-payment by maker)
Where to Complain, Get Information:
Regulator: Arkansas State Board of collection agencies
Address: Division of Check-Cashing Companies, 523 Louisiana Street, Suite 460 Little Rock AR 72201
Phone: (501) 371-1434
Fax: (501) 371-1440
Regulatory Contact: Peggy Matson,, Executive Director
|
_________________
HAPPY NEW YEAR!!!
To a crisis of the spirit, we need an answer of the spirit.
To find that answer, we need only look within ourselves.
When we listen to "the better angels of our nature," we find that they celebrate the simple things, the basic things--such as goodness, decency, love, kindness.
Greatness comes in simple trappings.
-Richard Milhous Nixon,
|
|
dawnlango7
Debt Samaritan
Joined: 05 May 2008
Posts: 943
Debtcc Points: 3406
|
|
|
| Posted: Tue Nov 25, 2008 10:36 am Subject: |
|
|
I looked on the Arkansas website & didn't find any of your companies listed. If they are all internet, then they are illegal. Here is some additional info for you:
| Quote: |
What should you do?
Close your account asap, if you are unable to close your account, go into your bank and ask to speak with the Branch Manager, tell him/her you need a hard debit block placed on your account immediately! Explain that you are revoking ACH authorizations from unlicensed/illegal companies, and have learned these companies are notorious for ignoring revocation, therefore it is important to BLOCK any withdrawal attempts on your account to protect your interest. This is your privilege, do not accept no for an answer. The following link will provide you important information regarding closing accounts. CLICK HERE
What next?
AFTER your account is secure send each pdl (the unlicensed and illegal) an email similar to THIS (please scroll down to locate letter template). Tailor this letter to your needs, and try to write it with the same basic concept in your own words. You will need to research and locate email addresses/physical addresses if you don't already have them, I suggest that you type the name of the pdl (example: "oneclickcash address") in the search box in the upper right hand corner of this forum. You may also search for addresses HERE at the Better Business Bureau.
File complaints: Most of the time, you can file a complaint online with the following, I encourage you to follow through with doing so, you will need to search the Internet for your state Attorney General's website, however, here are links to file complaints for the FTC, Online complaints: Federal Trade Commission., and the BETTER BUSINESS BUREAU.
Keep in mind that you may not receive a response for days, or even weeks, or, you may receive harassing and threatening phone calls. I have found the best way to deal with this is not to respond or reply, simply hang up.
Side note: If you have paid an illegal/unlicensed payday lender above and beyond the principal amount you borrowed, it might be a good idea to demand a refund and a paid in full letter/receipt. You may or may not get one or both. It still doesn't hurt to include that tidbit in your letter.
|
_________________
HAPPY NEW YEAR!!!
To a crisis of the spirit, we need an answer of the spirit.
To find that answer, we need only look within ourselves.
When we listen to "the better angels of our nature," we find that they celebrate the simple things, the basic things--such as goodness, decency, love, kindness.
Greatness comes in simple trappings.
-Richard Milhous Nixon,
|
|
dawnlango7
Debt Samaritan
Joined: 05 May 2008
Posts: 943
Debtcc Points: 3406
|
|
|
| Posted: Tue Nov 25, 2008 11:24 am Subject: |
|
|
No, only Advance America is store front, the rest are internet.
_________________
Register today to cash in debtcc points.
|
|
Chrissy1970
Guest
Debtcc Points: 100
|
|
|
| Posted: Tue Nov 25, 2008 11:25 am Subject: |
|
|
Thank you for your reply.
_________________
Register today to cash in debtcc points.
|
|
chrissy1970
Guest
Debtcc Points: 100
|
|
|
| Posted: Tue Nov 25, 2008 1:38 pm Subject: |
|
|
OK, then you would need to work with Advance America because they can take action to get thier money back. Good luck & let me know if you need any more help 
_________________
HAPPY NEW YEAR!!!
To a crisis of the spirit, we need an answer of the spirit.
To find that answer, we need only look within ourselves.
When we listen to "the better angels of our nature," we find that they celebrate the simple things, the basic things--such as goodness, decency, love, kindness.
Greatness comes in simple trappings.
-Richard Milhous Nixon,
|
|
dawnlango7
Debt Samaritan
Joined: 05 May 2008
Posts: 943
Debtcc Points: 3406
|
|
|
|
|
|
All times are GMT - 7 Hours
|
| Page 1 of 1 |
|
