AIP in Delaware, BIG in UK (?), CashCall

Hi - I've seen some discussion of AIP on here. I've been doing business with them for quite some time. I've probably paid them dozens of $89 "processing fees" over the years. I filed a complaint tonight with the BBB as was suggested to someone else. I really need to stop my direct deposit and get a physical payroll check so I can regain control of my paycheck. After my payday loans and other high interest loans come out, I have virtually nothing left. Bankruptcy is not an option because I filed a CH 7 two years ago. I know - and I'm in debt already again? Long, complicated story and I'm not proud of it. My biggest concern with AIP is the horror stories of them constantly calling people at work and supervisor's etc and possibly losing my job. I work in customer service and I can't have that kind of disruption at the workplace or I could get in real trouble. I also have dones business with BIG in London, but they sound like they are from India. They also do business like AIP, over the phone, with recording, but no written contracts or faxes. I also have a 2500 loan with cash call that is KILLING me, and I still have 30 more months remaining out of 42! Can someone help with AIP in particular, as well as BIG. I've heard cashcall won't work with anyone and thy are REALLY NASTY when I've asked for extensions. Any help would be much appreciated.

Brian - Really Stressed Out in Lake Oswego, Oregon.

i can give you some 'advice' on Cash Call. I had to deal with them, too. They are very difficult to work with. Nasty, evil, etc. They make you think THEY are doing YOU a favor, everytime you talk to them. They will tell you they will show up at your door, if you skip a payment, etc. I FINALLY just couldn't afford the payments anymore......they wouldn't help me in any way, when I fell behind. That was almost 2 years ago now. My account was 'sold' to a CA, who I'm having better luck, with this debt now. Cash Call, as you know, is such a high % rate.THAT'S where they 'get you'. They will tell you everything 'under the sun', to get a payment from you. I CAN tell you, there are Lawsuits, AQAINST Cash Call, in the state of California. cash Call ALSO says they won't allow you to put "their loan" into a Debt Program. If you would like to discuss Cash Call more, with me, you can PM me. I do apologize I can't give you any 'real' advice, on your other debts, 'GOLD'.

Hey! Good news for you!!!

AIP and BIG are ILLEGAL in Oregon! Oregon recently passed some new laws making ironclad that even loans taken out over the phone or internet must be licensed and must follow Oregon law.

I also had a Cash Call loan, and defaulted on it a couple years ago. I ended up getting sued by them . . . .

Hey, I live in Tualatin!

Another thing - About your work. Tell them all now that you just found out your ID was stolen and someone took out some loans in your name. That way when these companies do start to call it won't look bad on you.

Also, if you know someone that answers the phone, tell them to tell people calling that you don't work there anymore, if that's possible.

Here You will find the Payday loan laws for Oregon (just select your state),
http://www.debtconsolidationcare.com...pdls-laws.html

Emails to and from OR Banking Dept:

Hello,

Can you give me a summary of the new payday loan laws that went in to effect on July 1, 2007? And can you clarify if internet based companies must now be licensed by Oregon to lend to Oregon consumers?

Thanks

Response:

The following is a summary of changes made to consumer finance, payday, and title lending by
the 2006 Special Session and the 2007 Legislature. This letter provides information on some of
the most frequently asked questions on the new consumer finance lending laws that take effect
July 1, 2007.

* Limits interest rates on payday or title loans to 36% per annum.
* In addition to the interest, allows a payday or title lender to charge a one-time 10% loan
origination fee on a new loan ($10 per $100) up to a maximum of $30 (regardless of the
amount of the loan).
* Sets a minimum term of 31 days for both payday and title loans.
* Limits payday and title loans to two rollovers/renewals.
* Prohibits a lender from making a new payday or title loan to a consumer within 7 days on
either side of the date on which a payday or title loan expires.
* Allows a lender to charge only one fee for NSF and dishonored checks, regardless of the
number of checks written by the customer; the fee is limited to $20.
* Allows payday or title lenders to pass through to the borrower any NSF or dishonored
check fees an unaffiliated financial institution charges the lender.
* Includes “sale-leaseback” arrangements in the definition of title loans, thus prohibiting
such arrangements unless the lender-buyer is properly licensed.
* Prohibits lenders from charging any fees other than those that are specifically allowed in
the payday and title lending laws.
* Starting July 1, 2007, you are limited to charging a maximum 10% loan origination fee
(based on amount loaned and subject to a maximum of $30) and a maximum 36% per
annum interest rate on all new loans. You must calculate interest on a 365-day year.
(Lenders have the option of using a 366-day calculation for leap years.)
* On July 1, 2007, interest rates and fee limits become effective. You can collect the fee
(finance charge) that you stated in the agreement that the borrower signed before July 1,
2007. However, you must use the minimum 31-day term and the maximum 36% interest
on any renewal of a payday or title loan on or after July 1. You must also comply with the
$20 maximum NSF fee limit on any returned checks you deposit on or after July 1.

What do I do if I decide to change my business model to make short-term loans only
through the Internet, mail or telephone?

You must provide information to our office describing changes in your business model. If
you are making loans to Oregon residents, licensing and complying with the new laws are
still required.

What does it mean?

They can only charge you 10% origination fee, and 36% interest. The origination fee can only be charged at the start of the loan.

The loan can be rolled over twice.

There is a 7 day waiting period between loans.

Loan terms must be at least 31 days.

Internet lenders must be licensed by OR to lend legally.

Where to Complain, Get Information:
Regulator: Oregon Department of Consumer & Business Services
Address: Division of Finance & Corporate Securities, 350 Winter St. NE, Rm. 410 Salem OR 97301
Phone: (503) 378-4140
Fax: (503) 947-7862
Regulatory Contact: Charles Donald,, Supervising Examiner, Non-depository Programs

Call them also. Charles Donald actually retired a year or so ago, but the new guy Mike is really good. He can help you deal with the 2 payday loans . . .

Do you have any other payday loans, or just those 2?

And have you read this thread about closing your bank account?

http://www.debtconsolidationcare.com...e-account.html

cash call is not a payday loan

Yes, that is true. They are an installment loan, backed by the First Bank of Deleware. Federal law allows FDIC insured banks to import their home state's interest rates and licensing status . . . . Making them legal.

I actually resolved my AIP "problem" just through the BBB. Have you filed a complaint with them? I even got a refund from the illegal bozos.

goudah, what happened when they sued you?

I defaulted, on the loan, almost 2 years ago, now. It was close to a year before my account, with Cash Call, was 'sold' to a CA. Cash Call DID threaten to sue me...however, never did.

cannr - I filed a complaint with the BBB on AIP a couple days a go. How the heck did you get a refund from them? I still have a "loan" out with them. I've decided NOT to close my checking account (the one I took to "loan" out under with them, but I'm still not sure what to do this Friday, April 4th, as to whether I should put enough funds in there (I had my direct deposit stopped so I now get a physical check)to pay them off and be done with them. Also, if they get the complaint before Friday, are they going to start retaliating/calling me at work just based on that? I just can't have them calling my work - PERIOD - WAY to disruptive as I've had other issues at work regarding my finances. Too risky for me.

AIP didn't call me once. They know they are illegal and usually (I said USUALLY) don't rock the boat a whole lot. When I filed my complaint, it was because they were illegal AND I have overpaid the prinicple amount of the loan (like WAY over). So, in my complaint, I stated all that, blah, blah. And AIP responded with marking my account paid in full and also issuing me a refund of xxx dollars that I had overpaid and even apologized. LOL! Now, if you still owe them money, how much do you owe them? Have you paid them the principle amount of the loan? If you have paid the principle amount of the loan, you are done. If you have overpaid the principle amount, they owe you a refund. If you haven't paid the principle amount, only pay them the exact dollar amount to have that amount paid in full.
How much did you borrow and how much have you paid them so far to date?
Also, what did you say in your complaint to the BBB?

I've taken out several loans with them over the years. Paid the fee a few times, then paid off the loan, re-loaned with them off and on, etc. On the current $200 loan, I've "extended" it multiple times, and it's well over $200, i.e., I've extended at least 3 times, probably more like 6. I probably didn't use as precise terminology as you did, but I asked for a refund of all the $89 fees I've incurred over the years - I guessed about 30 since they were illegal. I said that I just want to be done with them, and that the balance be taken care of as "paid in full", but if I had to ask for a refund to accomplish that, then that's what I'm doing. I'm still scared they're going to call me. I get paid on the 4th. Do you think they will know about the BBB complaint by then if the ACH bounces? Should I put money in there to cover it if I don't want to risk them calling me at work? Also, do you know anything about BIG? How should I deal with them since they are likely overseas and I have no address for them and they're "call center" in London says "they're not allowed to give it out". I've "done business" with them for a very long time. I think they used to be under a different name, which I can't remember, but it always works the same way. You borrow so much money - say $350, the first fee is $80, and then it goes down $5 each time until it hits $40. $40 is as low as it goes. I'm now at $45 on the current loan. Once you pay it up, they bump up your borrwoing amount $25, but the fee goes back up to $80, then goes down $5 each time, etc. I know they're illegal, but what do I do? Goldhelmet/Brian in Lake Oswego, Oregon. P.S. I also have some internet PD loans - Eastside Lenders, Total Lending, United Cash Loans Impact Cash, Payday One ( I think they're legit because they charge exactly what Oregon State law charges now, as well as installment loans with Think Cash and CashCall.

Brian, if you feel "safer" letting them take out one more debit, then put the money in your account just to prevent them from calling your employer. Although, I swear, they never called me. AIP will usually have like 14 days to respond to the BBB (that's usually how many days the BBB gives them). I was more specific in mine telling them exactly what I paid over and above the 200 loan. It was a couple hundred more! So I demanded a refund. Now, I don't know about the past loans. Most pdls consider them "done" and can't go back and claim refunds on them. They concentrate mainly on the current loan. So, you can demand a refund of any amount over and above your 200 loan. BIG operates the same way; however, BIG is a pain in the a$$ to deal with because they ignore EVERYONE. They will ignore you (unless they're calling your phone 100 times a day), they will ignore the BBB, they will ignore your state AG. They just totally blow them off completely. However, they will harrass the living hell out of you. I couldn't get crap out of them. I overpaid (of course) and filed complaints. They ignored them all. And they continually called me until one time I couldn't stand it any longer and actually answered one of their calls. OMG. I think my head was going to explode. I argued with these idiots for about 20 minutes and decided I had wasted 20 minutes of my life on them and hung up. We went back and forth regarding the fact that I "still owed them 200; however, they would settle for 100 sent via Money Gram". Ummm... I had WAY overpaid that loan. There was no way in hell I was sending another dime to the illegal idiots. So they continued to harrass me by phone. I changed my phone number. Sorry about their luck. My state AG had no luck with them whatsoever. Didn't surprise me one bit. You can actually stop paying them - period. But, a warning, they will call you until your head falls off. So, you also have:
Eastside Lenders
Total Lending
United Cash Loans
Impact Cash
PaydayOne
Think Cash
Cash Call

I've had Eastside Lenders (they are another one hell bent on driving you insane) and Total Lending.

You're right about PayDayOne, I do believe they are licensed. I think.

Think Cash and Cash Call are installment loans, so they're totally different than pdls. In a nutshell, you're going to have to pay them the outrageous amount of money they want from you.

Can you list for me how much you borrowed from the pdls and how much you have paid so far? I can check to see if they're licensed for you.

cannr - Tegarding BIG, does anyone have an actual address for this company? The call center is in London, but they won't give out an address for the company - major red flag. Sounds like I'm going to need to pay them in full when I'm able to, never use them again, and then quickly change my checking account #'s. Sound like a good plan? They won't take partial pays/pay downs, only the fee or total payment. They really are scum. I can't pay them in full in the near future, so I'll have to keep paying the $40 fee every two weeks until I'm able to pay them off.

Total Lending, Impact Cash, and United Cash Loans are 1st time loans. I've paid Total Lending and UCL one $90 fee each. I can't continue this, so I think I'm going to tell them to pay off the whole thing and let them bounce, then try and work out payment plans with them. Same thing with Impact Cash.

How do I get a password so I can log in as the same user each time? I've requested a password for my email address several times and it never came to me.