Going under in OR

God, I love you, roxy! You give me my motivation!

Any time. I love you too!!!

Dan - I live in Oregon too. Any loan taken out or renewed after July 1, 2007 must follow the new laws.

Call the debt of banking and speak to Mike. He will help you file complaints and deal with the illegal companies.

So I emailed back and forth with a guy from Superior Debt Services and from the information I gave him he said "it really does not seem that i can be of much service to you."
Most of my credit card debt is too low or too recent.
So I really need some help to figure out what to do. The internet payday loans are all going to try and hit my account this Friday.
Do you have a number for me to reach Mike at?
I registered so incase the name is different this is danb the OP.
Thanks

Mike's number is:

Phone: (503) 378-4140

He replaced Charles Donald as the Supervising Examinor for the State of Oregon.

Have you taken care of your bank account yet? That is the most important thing. You must get it closed or blocked asap. Read the thread Roxy mentioned on the first page of your thread.

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

Please do this ASAP! I'm from Oregon and this is absolutly the first step you must to do stop these companies from continuing to bleed you dry.

I am trying to get enough to get zero out my account and then close it. I have a possibility today, if that doesn't work I will put a hold on it.
A couple of other things:
All of the internet PDL's were initiated or renewed after July 1. All of them are 2 week renewals.
The storefornt PDL is from a storefront in WA state.
Please help with any info you can.
I will call Mike as soon as I get a chance.
Thanks

All the internet based loan would HAVE to follow the new laws. THe new laws state that internet based companies MUST be licensed and follow Oregon's laws.

I'm not sure about the storefront in WA . . . . Did you use your Oregon ID and address? When you call Mike, ask him about that one. Washington's laws may apply to that one . . .

And none of the internet based companies you have loans through are following Oregon's laws . . . . They are acting illegally.

OK. Just got off the phone with Mike and he says that none of them are legal in Oregon.
So what is my next step?
He said I need to call them or send them a letter.
How do I go about finding out the information about them and what do I need to say?

He also said that the storefront one would fall under WA law. I am sure that they are licensed. I think I have made enough payments to start a payment plan.
So with the internet ones I have to make arrangements to pay back the principal but not interest and fees?

Have you already paid back what you borrowed in fees? For example, if you borrowed $200, but have been paying $90 every two weeks for several months, then you have absolutly over paid them and should not send them another cent.

I would have to look but I think that all of them has had one payment of fees paid.
I got the money together and closed my account and opened another one. They tell me that there is no way for any charges to go back to the old account.
They also gave me a form to fill out if I felt that the ACH charges were unauthorized or improper. I figured if they were illegal fees then they would be improper. I am attaching the form as a PDF file.
So where do I go from here?

If you still owe on principle the morally right thing to do is pay it back. But on your own terms, not theirs.

You will need to file complaints with the Oregon Banking Dept.

There are a few sample letters floating around here . . . If you need one ask Cannr or Volleyballmoms, or if someone else has one they want to send . . . .

Dan! Welcome fellow Oregonian....

Sorry I'm a little late. My situation was simliar to yours, only I had fewer internet PDLs.

But let me try to catch up with what has gone on here. You've gotten your bank account blocked? I had to put mine on hard hold (nothing out, only in) to get it back to positive before I could close it. Get it closed as soon as you can. But don't forget about your installment loans.

I've got cashcall and prosper as well. Those most likely are coming out of your account. Cashcall especially will harass you to get new banking information. I wasn't able to give them mine because I really didn't have the funds. If you are able to, it might be best to do that (as well as opening a second account that you won't give any information to anyone, and closing that one once your installment loans are done).

Make arrangements with installment loans (and store fronts), let them know your situation, you might get lucky and find someone willing to help make arrangements. They are the important ones to keep happy because they can make your life miserable.

But after that, the illegal ones, pay them back once you are able to. I'm still working on mine. Mike helped me get settled with Geneva Roth (LoanPoint) for the amount I owed left on the principal, and I'm sure he'll do the same for you. They keep trying to get their 210, but they are not going to get it until I'm fed, my car and house are paid for, and my prosper and cash call are paid so I won't get sued...

I've got a sample letter on my blog (especially made for ones that you still owe on), and you can search in the search box here for more, and I'm sure people have sent you some already. Mix and match them, find what works best for you and use it....

Good luck and let us know what you need next!

Okay, now I read fully Dan's post. You need to write and send your letters.... I'll PM mine as well just in case. And do look over how much each of them are for and how much they've taken out of your account already. I like to put that information on my letters when I send them to let them know how much I have left to owe them....

Thanks Pokogeo! An Oregonian's letter is just what he needs! With both of us and Mike working with him he will be set!