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 Posted: Fri May 30, 2008 8:57 pm Subject: GFS AND MYPAYDAYLOAN |
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I LIVE IN SOUTH CAROLINA AND HAVE DEFAULTED ON 2 PAY DAY LOANS THIS PAST WEEK. MY LOAN FOR GFS WAS 300.00 HAVE PAID 900.00. MYPAYDAYLOAN.COM WAS 9OO.00 HAVE PAID OVER 1500. I HAVE RECEIVED THE SAME LETTER AS OTHERS ABOUT MPDL BEING OUT OF THE STATES AND HAVE STATED TO THEY THAT THIS LOAN WAS AGAINST THE LAW UNDER THE SOUTH CAROLINA PDL ING LAWS.WHAT DO I DO NOW?
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BPRICE062963
Joined: 30 May 2008
Posts: 3
Debtcc Points: 90
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Shazzers
Moderator
Joined: 05 Dec 2007
Posts: 4646
Debtcc Points: 29039
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| Posted: Sat May 31, 2008 5:26 am Subject: |
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I tried the letters on mypaydayloan.com and the dept of financial regulation office basically said there is nothing they can do...however, the AG office has assigned a senior agent to help me. I overpaid them as well and they continue to hound me for money.
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jt_91972
Joined: 21 Apr 2008
Posts: 110
Debtcc Points: 1238
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| Posted: Sat May 31, 2008 5:34 am Subject: |
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Yes, I wouldn't even bother with the Dept. Of Finances, they don't regulate overseas pdl's. It is important to file complaints with you Attorney General and the Federal Trade Commission though, this raises their awareness of what's going on with these unlicensed pdl's, the more complaints, the better the chances of shutting them down. If it were me dealing with these unlicensed pdl's, I would send them an email revoking their ACH transaction on my personal account (which I would close anyway), then find out who their processors were, and make it known to them that they are processing for an unlicensed/illegal IPDL company. I really think if you guys would go that route, you would get them off your back, not to mention probably eventually shut their little operations down! And I would not give up on the processors, I would be persistent with them until they got tired of hearing from me!
_________________
Online Complaints Ohio Attorney General
Online complaints: Federal Trade Commission.
Ohio Payday Loan Laws
Ohio Consumer Protection Law
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Shazzers
Moderator
Joined: 05 Dec 2007
Posts: 4646
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| Posted: Sat May 31, 2008 5:57 am Subject: |
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Shazzers - any idea who the processor is for mypaydayloan.com?
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jt_91972
Joined: 21 Apr 2008
Posts: 110
Debtcc Points: 1238
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| Posted: Sat May 31, 2008 7:40 am Subject: |
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Have you called Intercept and/or ACHC? You could also ask your bank who processes for them as well. If you give them a date on which they debited your account they should be able to tell you who handled the transaction. Sometimes they process bank to bank and do not use an independent processor. I've dealt with both. I am sorry that I can't help you with a processor. I would like to see some sort of listing of PDLs and what processor they use. It might be helpful for those who are trying to locate one. I only know that Intercept processes for ameriloan and UsFastCash. ACHC processes for MyCashNow and PayDayMax.
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llw1995
Joined: 02 Feb 2008
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