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 Posted: Sat Jun 21, 2008 9:29 am Subject: need help getting rid of payday loans! |
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hi i found this site and i am so glad i did. i have so many payday loans both storefront and on line and i have no idea where to start. I have closed my account 2 days ago and now i don't really know where to go from here. I live in Kentucky and I have spoken with people from langhorne and they seemed ok..i have read good and bad on this site about them..please help me get out of this mess once and for all. I really appreciate you help..thank you
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pam1159
Joined: 23 Jun 2005
Posts: 3
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| Posted: Sat Jun 21, 2008 9:51 am Subject: |
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Well first off let me welcome you to the site. We have alot of knowledgable and helpful members here that can steer you in the right direction. First of all, please list the amount in just principal what you have borrowed and paid back and the names of the companies so we can see if they are registered in your state. You also need to send a revocation letter revoking any and all wage assignments that maybe in the small print of your contracts.
Someone that is familiar with your state laws will come along and post your pdl laws for you.
If the storefronts are legal they will and most likely sue you if you don't make any payment arrangements with them. See if they are members of the CFSA network, if they are they will let you set up payment arrangements as far as I know.
Good luck to you, you are well on your way of getting rid of the pdl's. 
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ladybug
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alias1958
Joined: 31 May 2008
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| Posted: Sat Jun 21, 2008 11:17 am Subject: |
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Good catch alias  ...read it that will help you understanad the process of closing your account due to pdl's.
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ladybug
Joined: 29 May 2007
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| Posted: Sat Jun 21, 2008 11:42 am Subject: |
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Thanks, Ladybug!
Pam, I don't really have experience with PDLs, but I know that if you hang in there someone with more knowledge will be along soon to give you some additional advice!
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alias1958
Joined: 31 May 2008
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| Posted: Sat Jun 21, 2008 11:52 am Subject: PDL LOAN |
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DOES ANYONE HAVE ANY INFORMATION ABOUT VINCE INTERPRIES OR FTR THEY ARE PAYDAY LOANS. MY BANK ACCOUNT WERE CLOSED BY THE BANK SO THEREFOR THEY COULD NOT GET THEIR MONEY THEY SENT ME TO AN COLLECTION AGENCY RIGHT AWAY. NOW THE COLLECTIONS ARE TELLING ME THAT THEY WILL TAKE ME TO COURT FOR 300.00 AND 500.00 I LIVE IN CALIFORNIA. CAN AND WILL THIS HAPPEN?
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Shazzers
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| Posted: Sat Jun 21, 2008 11:58 am Subject: |
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Based on some of the information here at this site Vince Enterprise/Prestige Marketing is a payday loan company. You did the right thing by closing your account. Here are your payday loan laws for your state:
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California State Information
Legal Status: Legal
Citation:
Cal. Fin. Code ยงยง 23000 to 23106
Loan Terms:
Maximum Loan Amount: $300
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: 15% of check
Finance Charge for 14-day $100 loan: $17.65
APR for 14-day $100 loan: 459%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot charge fee for extension)
Cooling-off Period: None
Repayment Plan: Voluntary (no fees may be charged in conjunction with payment plan)
Collection Limits:
Collection Fees: $15 NSF fee
Criminal Action: Prohibited
Where to Complain, Get Information:
Regulator: California Department of Corporations
Address: Financial Services Division, 1515 K Street, Suite 200 Sacramento CA 95814
Phone: (866) 275-2677
Fax: |
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Shazzers
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Shazzers
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| Posted: Sat Jun 21, 2008 12:05 pm Subject: |
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Are Pam and NO MORE the same person, or do we have two threads mixed together here?
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alias1958
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| Posted: Sat Jun 21, 2008 12:08 pm Subject: |
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THE NAME OF THE COLLECTION AGENCY IS AIS SERVICES PHONE NUMBER IS 1888-920-1300
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| Posted: Sat Jun 21, 2008 12:12 pm Subject: |
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I HAVE PAID 90.00 ON ONE AND 120.00 ON ANOTHER
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Shazzers
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| Posted: Sat Jun 21, 2008 12:13 pm Subject: |
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I'M A DIFFERENT PERSON. SORRY AM I DOING THIS WRONG
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| Posted: Sat Jun 21, 2008 12:20 pm Subject: |
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NO MORE, you really should send out a debt validation letter to AIS, as soon as possible. Keep in mind that all collection efforts must stop once you have sent that validation letter, they MUST validate this debt before they can proceed with collecting. If they do continue any collection efforts, that will make them in violation of the FDCPA. Here is a link for a sample letter you should send to them, you can alter it to your needs. Make sure you send this letter certified, return receipt requested, If you have their email address or fax number, I would send it to them that way also. Here is the link for that validation letter.
http://www.debtconsolidationcare.com/collection-agencies/better-struct ure.html
Here are the FDCPA laws regarding validation, you may want to send them a copy of this with your validation letter as well.
| Quote: | 9. Effect of including proof with first notice.
A debt collector must verify a disputed debt even if he has included proof of the debt with the first communication, because the section is intended to assist the consumer when a debt collector inadvertently contacts the [53 Fed. Reg. 50109] wrong consumer at the start of his collection efforts.
Up 10. Section 809(b) requires that, if the consumer disputes the debt or requests identification of the original creditor in writing, the collector must cease collection efforts until he verifies the debt and mails a response.
Up 11. Section 809(c) states that a consumer's failure to dispute the validity of a debt under this section may not be interpreted by a court as an admission of liability.
1. Pre-notice collection. A debt collector need not cease normal collection activities within the consumer's 30-day period to give notice of a dispute until he receives a notice from the consumer.
An attorney debt collector may take legal action within 30 days of sending the notice, regardless of whether the consumer disputes the debt.
If the consumer disputes the debt, the attorney may still take legal action but must cease collection efforts until verification is obtained and mailed to the consumer.
A debt collector may report a debt to a credit bureau within the 30-day notice period, before he receives a request for validation or a dispute notice from the consumer.
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Online complaints: Federal Trade Commission.
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