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 Posted: Wed Mar 19, 2008 5:12 pm Subject: Please Help Me
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Hey Everyone, I am new here and have been reading through some of these threads and figured if anyone can help me its you guys. I made a huge mistake a while ago with payday loans and now I am trying to get them taken care of. Problem is I changed my email address and can no longer access my old email to get the company info. So I dont know who I am paying, only thing I know is what shows up on my bank statements. I have 4 outstanding and have been paying them for almost a year interest only. Heres what they show up as
1. Geneva Roth Cap
2. MW_Marketing DIRECT PAY
3. GFS
4. GRC FUNDING PAYMENT
Anyone know who they are and how I can contact them? Also I read that there is a letter template on here to send to these companies to stop them from taking this money because I have already paid way more to them in interest. PLEASE HELP ME! Thank you!
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Hevnly
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Posted: Wed Mar 19, 2008 5:18 pm Subject:
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Hevnly, We can help you with this. Could you please tell us what state you are in. I see you posted the companies you have used and you poated that you ahve been paying for almost a year. Do you remember or can you go through your statements and tell us how much you borrowed from each and the total of how much you have paid back to each. We can locate the addresses and guide you. Have you done anything with your bank accout?
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RoxyNY
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Posted: Wed Mar 19, 2008 5:29 pm Subject:
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I reside in Michigan. I have not done anything with my bank account because I work for the bank and I have to keep an account here and if I do that they will still take the money from the new one. I will go through my bank statements and figure out how much I originally took the loan out for and how much I have paid so far. Which I know is way more than the original loan. Like $1000 more, I know this is serious.
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Hevnly
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Posted: Wed Mar 19, 2008 5:31 pm Subject:
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Only problem is when they deposited the funds it was under a different name. So as soon as I get those together I will post them too and maybe you can help me figure out who is who.
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Hevnly
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Posted: Wed Mar 19, 2008 5:32 pm Subject:
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Heavenly, Do you mean the pdls will still take money from the new account?
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RoxyNY
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Posted: Wed Mar 19, 2008 5:37 pm Subject:
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Yes and even if they dont my bank said that if I close my current one when those debits come in they will reopen the account
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Hevnly
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Posted: Wed Mar 19, 2008 5:39 pm Subject:
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Here are the Michigan PDL laws...In short, the pdl must be licensed in MI to lend in MI
| Quote: | Michigan State Information
Legal Status: Legal
Citation:
Mich. Comp. Laws 487.2121 et seq.
Loan Terms:
Maximum Loan Amount: $600
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: 15% of first $100, 14% of second $100, 13% of third $100, 12% of fourth $100, 11% of fifth $100, 11% of sixth $100 + any database verification fee
Finance Charge for 14-day $100 loan: $15
apr for 14-day $100 loan: 390%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: One with licensee or more than one with any other licensee
Rollovers Permitted: None (cannot renew; lender may extend only if it does not charge a fee)
Cooling-off Period:
Repayment Plan: Yes
Collection Limits:
Collection Fees: One $25 returned check charge
Criminal Action: Prohibited
Where to Complain, Get Information:
Regulator: Michigan Office of Financial and Insurance Services
Address: P.O. Box 30220 Lansing MI 48909
Phone: (877) 999-6442
Fax: (517) 335-4978
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In life it doesn't matter
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RoxyNY
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Posted: Wed Mar 19, 2008 5:41 pm Subject:
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Hevnly, Yes we can help you figure out who deposited money in your account and who debited. So, basically, your bank will not close the account and will allow the pdls to force open the account even if you do...There is no way to stop these companies unless they do not have access to your money...
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RoxyNY
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Posted: Wed Mar 19, 2008 6:25 pm Subject:
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So with the MI law that you posted am I still able to pursue these? And say I took the loan out for 200 and I have paid say 1500 in interest so far would I be entitlted to any refund?
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Hevnly
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Posted: Wed Mar 19, 2008 6:52 pm Subject:
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Ok so far I just need to know who MW_Marketing DIRECT PAY is so I can locate who made the deposit to me?
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hevnly_chick
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Posted: Wed Mar 19, 2008 6:59 pm Subject:
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Heres my stats for GFS...Loan taken 9/12/07 for $200 so far I have paid $740 in interest and this friday will make $780! And will continue until I fix it.
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hevnly_chick
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Posted: Wed Mar 19, 2008 7:03 pm Subject:
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Since I cannot edit my first post because I was a guest these are the 4 companies taking money from my account
1. Interim
2. GRC Geneva Roth Cap
3. GFS
4. MW_Marketing
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hevnly_chick
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Posted: Wed Mar 19, 2008 7:13 pm Subject:
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Stats for Interim...Loan taken around May 18 2007 for $250.00 so far have paid $980.00.
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hevnly_chick
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Posted: Wed Mar 19, 2008 7:16 pm Subject:
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Stats for GRC...Loan taken 10/2/07 for $200 so far have paid $720.
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hevnly_chick
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Posted: Wed Mar 19, 2008 7:24 pm Subject:
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OMG Im going through my bank statements and I have no idea where the MW_marketing came from. They started taking money out on 10/19/07 and before that date there is no loan into my account and the previous payday they did not debit anything and all the ones that did debit are accounted for on 10/19/07. Someone please help. I have paid these people $720 and I have no idea who they are or why they are debiting me.
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hevnly_chick
Joined: 19 Mar 2008
Posts: 205
Debtcc Points: 2339
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hevnly_chick
Joined: 19 Mar 2008
Posts: 205
Debtcc Points: 2339
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