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#1
11-20-2007, 01:16 PM
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Oneclick cash
They keep presenting an electronic check (they did it twice, on 10/31, and 11/15) to my negative account. I'm have a payment plan with my bank to clear the balance by the end of this month. Luckily my bank is not charging me any NSF fees when they return the checks. So I sent oneclick, the BBB a letter and cc'ed the Nebraska Banking Department, as well as their Attorney General.
The letter: You continue to present a check for $495 to my account. A loan was taken out on June 7, 2007 of $300. I had four (4) rollovers of $90 totaling $360. Please tell me where in Nebraska law or any law thereof that state rollovers and loan term limits beyond a maximum of 31 days are permitted. I know I signed a contract stating that 4 rollovers of $90, and beyond that a $50 fee reducing the finance charge. I just want to know under what State or Federal authority do you have to charge these rates? Since I payed $360 so far in fees alone, I would like to come up with a settlement that's within State regulation and by law on deferred deposit loans. In other words, I will only pay back what is required by law. I really don't care if collectors from oneclick cash read this post. It is what it is. 
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#2
11-20-2007, 01:17 PM
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Go Speedy!!!!
Tell em how it is 
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#3
11-20-2007, 01:20 PM
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SpeedyNy, I am assuming that you live in NY. These loans are illegal in the state of New York. It is good that your bank is working with you. However unless you close your existing account and open another, preferably at a new bank, this company will continue to debit your account, They will never stop.Especially since you sent them the letter, they will try to hit your account with a vengence. That is why we always reccommend taking care of your account before you send any letters to these people.
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#4
11-20-2007, 01:51 PM
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I can not close this account unless it is clear of the negative balance, bank policy. My direct deposits are cancelled to this account, so they can debit all they want,it's a dead account on life support by the negative balance :lol:
I covered most bases as far as my paycheck goes. I contacted my banking authority in NY, They said by going online to get a loan from a payday lender, I am subject to the laws of the lenders State. I will look for that e-mail and post it.
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#6
11-20-2007, 02:24 PM
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Here is a response I got from New York State Banking:
We advise that Payday Loan Companies are illegal if they have a physical presence in New York. The Payday Loan Companies you are probably dealing with operate in States where there is a very high Usury Ceiling or none at all. We suggest you contact a lawyer to try to extricate you from your predictament. If you do not have a lawyer we suggest the NYS Lawyer Referral Service at xxxxx NYSBD Now what do this mean? That NY have no say in pdl's operating outside it's jurisdiction.
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#7
11-20-2007, 02:40 PM
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One Click Cash is located in Niobrara, NE. They aren't even legal to lend in the state of NE because they aren't licnesed. The Nebraska Department of Bank & Finance issed a formal Cease & Desist Order to One Click Cash on August 29th. If they aren't legal in NE..they certainly are not legal in NY. Just thought I'd share the information.
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#10
11-20-2007, 05:26 PM
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thank you so much, they called me tonite and left a message to call them within 24 hours. i guess i will die again.
__________________
when rich people hit rock bottom, they fall hard; people like me, we just roll over.
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#13
12-29-2007, 11:05 PM
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One click beat me. First of all I was just looking and put in my info to see if I could be appored I did not accept but I was unable to scroll back and get my info back . They gave me a loan for 300.00 It was supposed to be 390.00 pay back but the debited my account 90.00 theb 480.00 then 6 mo later another 90.00 I ask the manager to Fax me the so called contract that says I pay over 572.00 to me and they have yet to do it My account got vcharged over 100.00
returned check fees which was terrible being that I am out of work. I too am going to report them to the BBB the loan was paid and they keep taking money check frausd cant do antrhing becauce they say I signed a agreement which i havent seen yet I am PISSED I guess I have to close my account so they can't keep coming up with these EXTRA CHARGES.
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#14
12-30-2007, 10:32 AM
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if there not licenced in there state and not even in ny dont even pay them back wiether ist stealing or not if a company wants to shaft all kinds of people out of there money and there illegal u not paying back your 300 will do to things help u cause u got the money u needed, and it wont hurt there million dollor company over alittle 300 yes i know u all say pay back what u borrow but get real if they operate wrong then u dont owe sh_t
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#15
12-30-2007, 11:13 AM
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Guest - everyone is entitled to their opinion. We'll just have to agree to disagree on this point. Personally, I'm of the opinion that two wrongs don't make a right. If you pay back what you owe - legally, meaning what your state law says you owe - then you don't have anything to feel badly about later.
__________________
A journey of a thousand miles begins with a single step...and becoming debt free is a journey!
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#16
12-30-2007, 04:27 PM
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The payback thing is a sticky subject, I think. It seems that the AG's that do issue cease and desist letters do not think that they should be paid back because every time a suit happens the company lending illegally gets stuck not being able to collect all the loans that they gave out illegally. I personally go back and forth within myself on this issue.
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