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Posted: Tue Aug 28, 2007 11:32 pm Subject: Ashland Funding.. Misrepresented?

I m not sure if this has been covered by another thread, Ive done my best to search for one and so far, short of seeing the company "Ashland Funding" mentioned, nothing. I took out a $200 loan in late June. Immediately interest in the amount of $60 began being deducted from my account every other week. I tried to find contact info for this company and I have found nothing... it appears the name is too obscure for a web search. So far they have withdrawn $240 in interest over the last couple months. I decided to place a stop payment on the loan through my bank, but before I could I received an email stating my account was turned over to a collection agency.. one by the name of Churchill Resolution, who sent me a statement saying they assumed control and I need to call to discuss payment options. I feel that because I was not informed of any contact info for the lender, i should not be responsible for a combined $440 on a $200 loan. I have received nothing in the way of a contract, not a written statement, phone call, nothing from these people. THEN when they've received my balance in interest now its convenient for them to contact me. Im not up with all the laws and the only things I know about scams and whatnot Ive learned through this site. Is this legal what they're doing? My loan was an online loan... and from what I can tell its illegal unless its a CSO. Another question unanswered. If anyone knows anything about this company or how I can go about resolving this issue please let me know.
Thanks much

P.S. Im in Florida.. if that helps.

Posted: Wed Aug 29, 2007 4:21 am Subject: reply

nk9, boy, you make me work! Very Happy

Ashland Funding is apparently a d/b/a of a "parent" company. I at least got a telephone number of 1-866-722-2770. Now, when I put this telephone number in the BBB site, three "pdl companies" come up. So, Ashland Funding must be a d/b/a of one of them. The three listed are Platinum B, SJM Marketing, and EZ PayDay. Did you have a loan with any of those names? And, here is contact information for Churchill Resolution.

Churchill Resolution
40 E Main St #320
Newark, DE 19711
1-866-265-8091

Hope this helps a little bit anyway! Very Happy

Guest · Posted: Wed Aug 29, 2007 6:21 am Subject: ashland funding

Is this ashland enterprizes limited they have a faxof 866-430-5431 ashland enterprizes limited ltd
and a phone of 866-430-5430 and if you call I think they answer the phone crestland funding or something like that hope this helps

Posted: Wed Aug 29, 2007 9:07 am Subject:

Thanks Cann, ive read some of your other posts and found them helpful. Problem is, all i see on my bank statement is Ashland Funding. And I just need an approach when I call these people.. theyve taken 240 out so im tempted to just send them 20 dollars and let em go pound salt. Just for being deceitful about this whole thing. I dont know if what they are doing is legal and therefore I cant make an approach. Do we know if this is something i can dispute or am i forced to sit here and take it because of some CSO loophole crap?
Thanks again.

Posted: Wed Aug 29, 2007 9:14 am Subject: reply

Why am I thinking there is no way on God's green earth that these people are licensed as a pdl or a CSO? What have you got to lose? You've already blocked them from your account. You've paid over the principle amount. Send them a letter telling them to "pound salt"! LOL! Why do you want to send them another $20? You've already overpaid the principle amount. Send them a letter telling them to "pound salt" and include no money with it.

Posted: Wed Aug 29, 2007 9:15 am Subject:

Also on this statement i have from Churchill Resolutions, they oh so conveniently placed the wrong number down.. 1866 365 8091 when i guess its supposed to be 265. Given everything ive seen and heard so far, its hard to pass this off as coincidence.

Posted: Wed Aug 29, 2007 9:17 am Subject:

alright i suppose that'll work. i was thinking 20 dollars because theyve been charging me 60 in interest and im only at 240. BUT i looked at the laws for florida and if im not reading incorrectly.. it says that the limit is 15 per 100?.. isnt this like twice the legal amount of interest?

Posted: Wed Aug 29, 2007 9:19 am Subject: reply

nk9, let me also point out how so very HARD they are to even locate, let alone get in actual touch with. These are really good BIG RED FLAG's regarding what kind of companies you'r dealing with. I hate to sound like a downer, but I'm leaning towards your "pound salt". Can you tell I really like that? Very Happy

Posted: Wed Aug 29, 2007 1:42 pm Subject:

I wouldn't send them a dime. Forget them...is my thoughts.

ladybug

Posted: Wed Aug 29, 2007 6:32 pm Subject:

Does anyone have any info on Churchill Resolution? I also got a letter from them last week and today I received a phone call from them. They were pretty rude but said they will settle for $390 (which is the amount I owe on a 300 dollar pdl with the $90 fee that they charge). They insisted I do check by phone and said they would break it into two payments. I would like to get this taken care of but wonder if this company is legitimate?

Posted: Wed Aug 29, 2007 6:54 pm Subject:

I do not know if the company is legitimate but regardless I would not give them my checking information. Insist on money order or maybe even a moneygram.

Posted: Thu Aug 30, 2007 4:41 am Subject: reply

meek, DO NOT GIVE THEM A CHECK BY PHONE! DO NOT GIVE THEM ANY BANK ACCOUNT INFORMATION BY PHONE! NO, NO, NO! Do not give ANYONE your bank account information! You will be right back where you started from! I do not trust this company after reading what has been posted about them. I'm putting their information on here for you to see (it's on this thread). Tell them you will send them MONEY ORDERS to their address for payment. Do not, not, not give them anything related to your bank account!

Churchill Resolution
40 E Main St #320
Newark, DE 19711
1-866-265-8091

Posted: Thu Aug 30, 2007 6:09 pm Subject:

You're definitely right about the bank account info but I was thinking since my bank has been so good, my old account (the one the pdls have)is still open but they're blocking EVERYTHING in or out. IF something comes through they call me and I have to personally approve it and if I do approve it they pay it with the money in my new acct. So far I have had no problems. I was thinking it wouldn't hurt to give them that info so I can get this taken care of. The phone call I got was really strange, though. The first lady that called me was very nice, I refused to give my acct info and requested moneygram. She said this would be fine and asked me to hold while she confirmed the payment arrangement with her supervisor. The "supervisor" then got on the phone and said they don't do moneygram, that the first lady I talked to was new and she apologized that she gave me incorrect information. The "supervisor" was kind of rude, stated that I gave my acct info to get the pdl, I shouldn't have a problem giving it now, blah blah blah. Luckily they aren't trying to get an astronomical amount of money out of me ($390 for a $300 pdl) and I did receive a letter from them prior to getting a phone call. Thought it might be safe to go ahead and do it since my old account is restricted and I wouldn't have to give my new info. What do you think?

Posted: Thu Aug 30, 2007 6:21 pm Subject: reply

Personally, I think not. My whole point towards these pdl's is that if they want "their" money, they can give you an address to mail a money order to. If they refuse to give you a physical address, that's a HUGE red flag that they are operating illegally. Any legit business will give you their physical address. The ones trying to "hide" by not giving a physical address and only accepting account debits/money gram/western union, are illegal. They don't want anyone to know where they are located. And, just for your information, it is illegal for them to tell you that they can only accept payments via ACH debit. It is posted on this site. So the crap they are feeding you is crap. They can not tell you the only way to make payment is by bank debit. No, no, no. You don't know how many pdl's finally gave me a physical address when I refused ANY sort of payment except by sending a money order. If they want their money, they can give me an address to send it to. If they can't do that, they obviously don't want "their" money bad enough. However, this is all my personal opinion. If you really feel the need to pay these idiot people, do not give any bank account information to them. None. Not old. Not new. Get a pre-paid visa card. Give them that pre-paid visa card number. They can not track it. What they're trying to do is illegal. They can not force you to pay by bank account. I personally would hold out for a physical address. I also refuse to use money gram/western union, as that's an added cost to you, plus the fact that you don't even know where you're money is going! But, like I stated, if you really want to pay them some money, get a pre-paid visa/mastercard. Give them that card number for payments.

Posted: Thu Aug 30, 2007 6:25 pm Subject:

Actually I do have a mailing address for them since I did receive a letter in the mail. You're right, I'll just send money orders.
By the way, I thought this was funny. I received an email advertisement from some random pdl company and when I went to unsubscribe, the url was xxxxx(at)crdtbully.com. How true is that!

Posted: Thu Aug 30, 2007 6:46 pm Subject: reply

meek, I'm glad you have a physical address! Sometimes it's like pulling teeth to get an address out of these people! My thought is that if they want their money, they'll take it by mail! Good Lord! Send in your money orders to the address. Keep track of every payment made. I'm so paranoid that I made copies of the money order, the documentation included with it, and the envelope with the address on it! Can't say I didn't cover my butt! I suggest you do the same when sending in payments. Just my advice! Very Happy

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