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 Posted: Wed Nov 07, 2007 6:50 pm Subject: Pay day loan HELLLL in Maryland
Latest Blog Post : http://willbestressfree.yesdebtfree.org |
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Hello , I have 4 store front pay day loans out
check n go - not in default
first cash advance - Not In default
Money today h going into default friday 11/9/07
ACE in default i closed that account they threaten me today Bad check
these store front are in the washington dc area where i work don't live .
i have internet loans
tremont finn pay off 1/2 owe default
arrowhead collections/ default
pay check today
astro lending default
impact
everything will go into default this week how do i handle this can you help
i live in the state of Maryland where do i start i rather pay so one to help me out of this
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cameronmonique
Joined: 07 Nov 2007
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Posted: Wed Nov 07, 2007 7:03 pm Subject:
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Cameron, I saw another post by you..your storefronts are in DC and you are in MD correct?
For your internets..list the company, how much you borrowed from each and the total of how much you have paid to each. I will post the laws in the mean time..if Cannr has not gotten to them first 
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RoxyNY
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Posted: Wed Nov 07, 2007 7:11 pm Subject:
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Here is MD
| Quote: | Maryland State Information
Legal Status: Prohibited
Citation:
Consumer loan act applies. Md. Code Ann. Com. Law II § 12-301 et seq.
Small Loan Rate Cap
2.75% per month; 33% per year.
Where to Complain, Get Information:
Regulator: Maryland Commissioner of Financial Regulation
Address: 500 North Calvert Street Suite 402 Baltimore MD 21202
Phone: (410) 230-6100
Fax: (410) 333-3866
Regulatory Contact: Michael Jackson Director,
http://www.dllr.state.md.us/finance/
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In life it doesn't matter
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RoxyNY
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Posted: Wed Nov 07, 2007 7:13 pm Subject:
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Here is DC
| Quote: | D.C. State Information
Legal Status: Legal (Applies to check cashers only)
Citation:
D.C. Code Ann. § 26-301 et seq.
Loan Terms:
Maximum Loan Amount: $1000
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: 10% of face amount + fee of $5: $0- $250; $10: $251-$500; $15: $501- $750; $20:$751-$1000
Finance Charge for 14-day $100 loan: $16.10
apr for 14-day $100 loan: 419%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: Not Specified
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: Not Specified
Criminal Action: Not Specified
Where to Complain, Get Information:
Regulator: D.C. Department of Insurance, Securities and Banking
Address: 810 First Street, NE, Suite 701 Washington DC 20002
Phone: (202) 727- 8000
Fax: (202) 535-1197
Regulatory Contact: Howard Amer,, Director, Banking Bureau
Regulator Website
http://disb.dc.gov/disr/site/default.asp
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RoxyNY
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Posted: Wed Nov 07, 2007 7:27 pm Subject:
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| Quote: | everything will go into default this week how do i handle this can you help ........ACE in default i closed that account they threaten me today Bad check
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Do these statements mean you have closed your bank account?
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RoxyNY
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Posted: Wed Nov 07, 2007 7:37 pm Subject:
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Response on my home page
| Quote: | Yes Roxy i live in Maryland Tremont Financial - 500.00 / 650.00 paid $325.00 it in default for the difference they have my check days mized up
ARROWHEAd Investments -300.00 /390.00
Impact cash USA 300.00 /390.00
MTE Financial Services Inc DBA Pay checktoday 400.00/520.00
world wide cash now 200.00/289.00
us fast cash / 400/520 |
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RoxyNY
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Posted: Wed Nov 07, 2007 7:38 pm Subject:
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Another response to my home page
| Quote: | | I had acount converison and ace had the old account check all the store front have my old account checks reson i was paying them but i can not any longer Ace is in default the other i have to go in and pay on them this friday |
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In life it doesn't matter
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RoxyNY
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Posted: Wed Nov 07, 2007 7:38 pm Subject:
Latest Blog Post : http://willbestressfree.yesdebtfree.org |
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Roxy where do i start i have been reading the boards and i see that MTE Fin Tremont Fin are there where do i start ? Im really worried about the ACE one
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cameronmonique
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Posted: Wed Nov 07, 2007 7:39 pm Subject: reply
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roxy, looks like cam might be good regarding the internet loans seeing as how pdls are prohibited in Maryland. However, the storefronts are going to be another story, since pdls are allowed in DC. Good question, though. cam, what is the status of yourbank account? Some of your storefronts may be members of the CFSA. However, if you bank account is closed, I can't say as to what kind of action ACE can take since DC pdl law does not state what kind of "criminal action" can be taken.
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cannr
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Posted: Wed Nov 07, 2007 7:47 pm Subject:
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I was just checking that and copying the link for CFSA...CHeck n GO is the only one listed. I was just going to pm you...I was not sure what the protocol for the storefronts is...
Here is the CFSA link
http://www.cfsa.net/about_cfsa.html
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RoxyNY
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Posted: Wed Nov 07, 2007 7:53 pm Subject:
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Roxy / Canr I have a my jobs credit union checking account there really bad i have account conversion do to so othere thing happening in my account in 9/07 currently i have a active checking account with the same bank but the store fron pdl in dc and i live in md have the old checks im current on 2 of them but the ACE one is the one i defaulted on and the tried to cash the check should i call and make payment arrangements or give them the right account . what does that mean im ok with the internet ones because of MD can T&C help me ? if so what is that i saw on the board they have help many
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cameronmonique
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Posted: Wed Nov 07, 2007 7:54 pm Subject: reply
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I'm only showing Check n Go as a member of the CFSA also. The others aren't showing as members. And these storefronts have checks from your "old" account which is no longer active? Is that correct?
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cannr
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Posted: Wed Nov 07, 2007 7:54 pm Subject:
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Cam, Check n Go is a member of the CFSA. Go in person, talk to the manager, and print out the link above. Because they are members of the CFSA they are REQUIRED to allow you to enter into an extended repayment plan (EPP). If they still say no, file a complaint with the CFSA. They could lose their membership. In order to invoke an EPP you must go in no later than the day before the loan is due.
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RoxyNY
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cameronmonique
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Posted: Wed Nov 07, 2007 7:56 pm Subject:
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Sorry Cannr...riding coat tails
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RoxyNY
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Posted: Wed Nov 07, 2007 7:59 pm Subject: reply
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Okay. As long as your account that they have checks in their hand for is not closed, I think we'll be okay. I was getting frightened for a moment because DC law does not state what kind of action they can take. So.... the storefronts in DC have checks from your old account. Okay. So if they turn them in, they would be returned NSF. Now, like roxy stated, you can go to Check n Go and invoke the EPP (extended payment plan) if you go in BEFORE the due date of your loan. You can then sign an amendment to your loan documents which allows you to pay the loan off in 4 equal payments coinciding with your pay dates. However, the others do not seem to be CFSA members. Have you made any payments to them at all on these checks?
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cannr
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