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 Posted: Sun Dec 02, 2007 7:22 pm Subject: achloan.com
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I sent a PIF request to achloan.com yesterday via their customer service section on their website and this is what I got back from them:
As clearly stated in the loan contract, which you signed, this loan is not governed by the laws of America nor the laws of the state of Arizona, it is governed by the laws of Ireland with the jurisdiction of Dublin courts. As per the governing lending laws, your interest charge is $37 per $100 per pay period. We will continue to collect on the loan as per the agreement - failure to abide by the agreement will result in your loan being forwarded to collections for further action. If at any time you wish to pay your loan in full, please let us know.
Should I be scared of achloan.com? I understand from what I hear from a lot of you that this is an illegal company and that I only need to pay back the principle to them, is that correct?
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tina82064
Joined: 28 Nov 2007
Posts: 108
Debtcc Points: 2594
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Posted: Sun Dec 02, 2007 7:28 pm Subject: r
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tina, you are not governed by the laws of Ireland. You reside in America. You are governed by US law. Not Ireland. These guys are insane.
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cannr
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Joined: 07 Jun 2007
Posts: 9375
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Posted: Sun Dec 02, 2007 7:35 pm Subject:
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Totally insane. How in the world do they think that they can do anything to anybody in the US is beyond my imagination. This makes me 
ladybug
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ladybug
Joined: 29 May 2007
Posts: 2691
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Posted: Sun Dec 02, 2007 7:40 pm Subject:
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Tina, Do not be scared. Yes, you understand correctly and only need to pay back the principle.
_________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
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RoxyNY
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Joined: 03 Aug 2007
Posts: 4091
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Posted: Sun Dec 02, 2007 7:46 pm Subject:
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Thanks everyone. I'm feeling so much better about this whole PDL mess! It's so nice to know that I'm not alone and that there are others that have gone through it and survived it : ) It's such a burden to carry, so many sleepless nights : (
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tina82064
Joined: 28 Nov 2007
Posts: 108
Debtcc Points: 2594
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Posted: Sun Dec 02, 2007 7:57 pm Subject:
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Tina, every one here knows the feeling and it does feel good to know you are not alone. I am glad we helped you and you are feeling better. We are here any time you need it and you do not have to carry the burden alone. 
_________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
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RoxyNY
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Posts: 4091
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Posted: Sun Dec 02, 2007 8:48 pm Subject: r
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Isn't that the truth! tina, if you have any questions at all or need any help, we are here for you. We will help you the whole way through.
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cannr
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Posted: Mon Dec 03, 2007 7:10 am Subject:
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Oh boy, these guys are my favorite! They never ceast to amaze me, boy o boy!!
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jaydanielle1
Joined: 24 Oct 2007
Posts: 553
Debtcc Points: 5761
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Posted: Mon Dec 03, 2007 10:14 am Subject:
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You know what I just thought? I wonder how many of these companies are doing business under more than one name and are actually one in the same? I wonder if they communicate with each other. For instance, if they know that someone is filing complaints, etc., it they communicate that with each other. I haven't heard a thing from any of them yet, other than the correspondence that I initiated with ACHLOAN.com
Does anyone have any knowledge or experience to share?
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tina82064
Joined: 28 Nov 2007
Posts: 108
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Posted: Mon Dec 03, 2007 11:12 am Subject:
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i can share that they are major a holes and will ring your phone off the hook!
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jaydanielle1
Joined: 24 Oct 2007
Posts: 553
Debtcc Points: 5761
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Posted: Mon Dec 03, 2007 5:22 pm Subject: r
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tina, it would knock your socks off if you knew all the names some of these companies use. Some have up to 20 d/b/a's. They are amazing. It's all the same company; however, they issue loans out under different names. BIG/SONIC/ROUTE 66 is a prime example. They use many, many, many names. MTE Finacial is another one with more names than you could possibly imagine.
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cannr
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Posted: Tue Dec 04, 2007 6:52 am Subject:
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Cannr, are you saying the BIG and Sonic are one in the same company? I have loans out with both of them. I just got an e-mail from BIG saying that my payment was returned and if I would like to discuss it with them, I can call them, blah, blah. I just replied to their e-mail with the letter that you sent me, which I had sent them yesterday (before they sent the e-mail about the returned payment).
BOY am I learning a lot through this experience!!!!!
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tina82064
Joined: 28 Nov 2007
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Posted: Tue Dec 04, 2007 7:34 am Subject:
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we are all tina
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jaydanielle1
Joined: 24 Oct 2007
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Posted: Tue Dec 04, 2007 2:08 pm Subject: r
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tina, do NOT speak via telephone with these guys. Okay? They will harrass the living hell out of you. Only communicate via email or USPS. (Which they hate and will call you 1,000 times.) Keep sending the same letter to them. That was the right thing to do. Now, I know in the letter you sent, it did mention revoking wage assignments. However, I want you to do a separate letter to each one of them revoking wage assignments, okay? Just type what it says on the letter I sent to you regarding revoking wage assignments signed, but do one for each of these guys. You will need to email it/fax it/mail it certified to each one of them. Keep a copy and give a copy to your HR/payroll person at your place of employment. A lot of the illegal overseas pdls will try to send through a "wage assignment" to your employer to get their money. A wage assignment is totally voluntary and can be revoked at any time. However, a lot of employers are uneducated regarding them. You may just want to tell your HR/payroll person to put that letter in your file "in case" these illegal overseas companies try to pull something with you. Explain to your employer that "somehow" (they don't need all the details) these illegal overseas companies have gotten ahold of your personal information and are trying to get money from you. Just cover your butt. Send the letters revoking wage assignments and give a copy to your employer. Educate your employer regarding the fact that wage assignments are totally voluntary, these are illegal, unauthorized, overseas companies. If you have any problems, let us know.
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cannr
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Posted: Tue Dec 04, 2007 2:13 pm Subject:
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I work for the State and it's my understanding that they wouldn't even accept such a wage assignment, is that true?
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tina82064
Joined: 28 Nov 2007
Posts: 108
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Posted: Tue Dec 04, 2007 2:18 pm Subject: r
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tina, I'm not positive. You may be correct on that one. The state might actually laugh at a nice illegal wage assignment. However, me being the absolute paranoid person I am after dealing with all this, I would still do the separate letters revoking wage assignments. I'm all for documentation. The more documentation you have, the better off you are. If you can ask your employer (without looking foolish) if they "honor" wage assignments (gee, from illegal overseas companies) and they say "no", then don't worry about it at all. But I would want to know for absolute sure before I decided NOT to send the letters revoking it. Just call me paranoid! 
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cannr
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