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asm514 · Posted: Mon Jul 14, 2008 2:23 pm Subject: Who has had SUCCESS with these pdls?

Hi again,

I've been trying to search the forum for success stories with loan point usa (geneva roth) and arrowhead investment / vc funding. Most threads end before anyone tells their success stories. Can anyone give me REAL hope that these companies WILL go away?? Of my seven pdls, these are the three I most worry about...

Posted: Mon Jul 14, 2008 3:36 pm Subject:

Hello ASM514,

I came here in May with 11 PDLs and now I am PDL FREE Very Happy

It took me a lil over a month to clear them all up. The people here on this forum helped me out a great deal. I only received calls from 2 PDLs only for a week after I stopped everything and sent my proposals out. Also I have gotten 3 refunds totaling $900 and 9 of my accounts marked "Paid in Full". The other 2 PDLs were offshore and never contacted me again Smile

It was quite easy if you ask me, and it cost me nothing. Just make sure you research the legitamacy of each company and know your state laws. Mostly all of my PDLs were ILLEGAL so that helped me a great deal. They did not have a legal leg to stand on when I was educated in my rights Wink

You can do it on your own as long as you are firm and direct with these loan sharks! Just remember to pay what you are moraly obligated to pay, nothing more! Many others here have done it, and so can you! Best of Luck Razz

Posted: Mon Jul 14, 2008 3:53 pm Subject:

There is always hope. Very Happy

Just make sure you close your bank account and move it to another bank. Also let you bank know that you want to make your account for deposits only that way you can get you paycheck and they can not get anything out of your account. Also write letters to the payday lenders revoking their rights to debit your account as of today. Also contact your Attorney General office in your home state as well as the attorney general of the payday lender. Depending on the state you live in payday lending may be illegal. The address for Arrowhead Investment Inc. is
: 8700 Stateline Rd Suite 305; Leawood KS 66206

Good Luck

Posted: Tue Jul 15, 2008 10:05 am Subject:

when I started defaulting back at the end of April, I had 10 illegal loans & 1 legit loan through thinkcash...right now the only loan I am paying on is through thinkcash. I did have one through Geneva-Roth, we went back and forth a few times through the BBB, but because I had been with the so long & was such a "good" customer and had paid the loan several times over, they finally marked my account paid in full. I was hoping for a refund, but I am glad they are gone... Very Happy

Posted: Tue Jul 15, 2008 10:29 am Subject:

Oh, they will go away eventually. Like anyaroberts, I came here in February with 5 PDLs. By the beginning of May they were all cleared and paying back only what they deposited into my account and in two instances, less than what they deposited. It does take time, and perserverance but it can be done. Chin up. Follow the good advice you get on this board and all will be well.

Posted: Tue Jul 15, 2008 10:35 am Subject:

I signed up here on June 3rd of this year. I had 3 pdls. They claimed I owed about $1200. I just got my last Paid In Full today! I ended up with a refund from one company. As the others have said, it takes time, determination, perserverence, and work, but it pays off in the end. For me.. it was 38 days (counting weekends), but In the end I came out ahead. Once you figure out the laws, and you start sending them information that shows you know what you're talking about, they get the picture. Some were willing to settle immediately as soon as I listed my state's laws, and one was combative, trying to get me to pay more than I owed. But I'm PDL free as of today. Party at my house tonight!!! lol

Keep your head up, take your time and gather all the information you need. Follow the advice on this board, these people are knowledgeable, kind, and friendly.

I agree, close your account, and then start from there.
We're here for you! Very Happy

Jen

Posted: Tue Jul 15, 2008 10:37 am Subject:

Jen, you really did a great job in such a short period of time. Congrats.

Posted: Tue Jul 15, 2008 12:44 pm Subject:

Thanks Jen, I can't say it enough, I couldn't have done it without the help of the people here. There is so much knowledge on this forum, you just have to search a little bit for it. Very Happy

Jen

Posted: Tue Jul 15, 2008 1:37 pm Subject:

I had 7 PDL's when I found this website. I have only had 2 to call me. One of those was Geneva Roth/Loan Point USA. They called right after I faxed my letters out and I did not answer. 2 days later I had a collection agency calling me at work. I told them that I had filed a C&D letter with Geneva Roth and that they owed me money for over charging me, which I had also let them know in my faxed letter. They had me fax the letter to them and I have not heard anything from either one since. I have also gotten 1 paid in full. This is my 3rd week since I defaulted. I am still sending in Complaints to anyone I can. MTE is my nightmare right now though. UGH!! But I am a lot happier now than I was 3 weeks ago. It just takes a little work and patience.

Posted: Tue Jul 15, 2008 5:08 pm Subject:

Amen

Posted: Tue Jul 15, 2008 6:44 pm Subject:

You can always go to the Winning Success Stories on this board and read how people have come out on top of the PDL world. It is encouraging to see that it can be done. Check it out.

Posted: Tue Jul 15, 2008 7:08 pm Subject:

I had 10 PDL's when I came to this forum and it took A LONG time for me, but I am FINALLY PDL free. And if I can do it, let me tell you, anyone can. I am ashamed to think of the time and money I put into these illegal loans.

asm514 · Posted: Tue Jul 15, 2008 7:31 pm Subject:

Hi everybody,

I REALLY appreciate the postings. I am about to begin all of this on my own, and am not nearly as intimidated as I was before. The reason I was asking about these creditors specifically is because I keep reading how they "never go away" - especially geneva roth which seems to debit new accounts (sometimes years after the pdl was taken care of) all of the time. I am also now a bit scared of "Smith, Haynes, and Watson" . I haven't seen ANY success stories concerning their fraudulent collections. In fact, it seems they completely disregard C&d and debt verification requests. I believe two of my other loans - upfront payday and upfront cash - also sell their defaulted loans to this collection agency. And, obviously, they collect for Geneva Roth (heck, they ARE geneva roth). Lots of posts concern these companies and their dealings, but it seems the threads stop before people acknowledge that they went away.

mjwalton, did geneva roth try to "extradite you to malta" or become abusive with your employer? Was the collection agency Smith, Haynes, and Watson?

My PRIMARY concern is that I have NOT overpayed these companies. I am defaulting prior to paying the total principal of the loan.

When I default, I will have paid "refinancing fees" in the amount of:

180 on a 300 loan from ameriloan
180 on a 300 loan from 500 fast cash
240 on a 400 loan from loan point usa (geneva roth)
120 on a 400 loan from upfront payday
120 on a 400 loan from upfront cash
90 on a 300 loan from vc funding
90 on a 300 loan from arrowhead investment

Because they are ALL illegal in Ohio, my c&d letter demands that they substantiate these "fees" as payments toward the principal. That means I will still owe:

120 to amerlioan
120 to 500 fast cash
160 to loan point usa (geneva roth)
280 to upfront payday
280 to upfront cash
210 to vc funding
210 to arrowhead.

I'd almost feel better if I HAD overpaid them (bizarre, I know!!) because then they'd have no money left to collect from me (legally). But, because I still have a moral obligation to pay them all remaining principal, it seems they won't be going away ANY time soon, and the proceedings may become even NASTIER BECAUSE I still owe them money.

I am drafting my letters now, and preparing my complaints with the Ohio AG, the lenders' respective state AGs, the Ohio DFI, the FTC, and the BBB. But I am VERY afraid that these agencies will not aggressively pursue these complaints and be of any help.

Further, after I close my existing checking accounts - I have two, and I have taken loans on both!! *gasp* - how can I guarantee my new accounts will nto be debited? I keep reading stories that Smith, Haynes, and Watson will try.

ANYONE who has experience with SHW: When they try to debit your account, do they use THAT name? Or have they tried to debit using a dba?? I can place a permanent block against one name on a new account, but am still sooooo worried...

One last thing:

I have an account with Town & Country from a PREVIOUS mistake with storefront pdls. Anyone know if I can NOW add the internet pdls to an existing account? And would it be worthwhile? I figure:

a) it won't cost me anything extra than I am already paying T&C,
b) they can do the leg work paying the outstanding principal on these loans,
c) they WILL call these creditors on my behalf if requested to do so.

Oh, ONE MORE ONE LAST THING!!! Can someone explain how you can go about "recording phone conversations"? What equipment do you need to buy? How do you use the equipment? And how much does it cost?

Thanks!!

Your words ARE very encouraging!!! I intend to post my C&d letter when I am done to get hopefully get some feedback prior to emailing, faxing, mailing them out.

Posted: Tue Jul 15, 2008 7:46 pm Subject:

asm. . .right now being extricated to Malta ain't sounding too bad for me. . . . I really need a vacation! Only kidding. I wouldn't be too concerned about that happening! I too had not overpaid on ANY of my PDLs. I am thankful for that as I didn't have to fight for a refund and I wasn't out any money over and above what I needed to pay back. I know that Ameriloan and 500 are both affiliated with MNE. They use Intercept EFT for their processing and they use Bremer Bank as the originator of the loans. I see that you are closing your bank account? Or has it been closed? If it is closed, you could safely send your C and D letters now. If not, do not send them until your money is safe. Make sure your bank will not force open your closed account if any debits hit. I would also call the processor to try and keep them at bay. Also, a word to the PDL about the processors involvement may just give them something to think about. Just take this one step at a time and all will be good. First and foremost though, is to get your funds safe. Once that is done you have plenty of time to do your research, get your letters drafted and sent out and be on your way to becoming PDL free. . . .and yes, you can do this yourself. We are all proof of that fact. Good luck and keep us posted. AND, don't hesitate to holler if you need anything else.

Ldoll · Posted: Wed Jul 16, 2008 6:03 am Subject:

In April I had 11 PDL's and now I am just down to 1 where I still owe some of the principle. It can definitely be done on your own. Unfortunately, I know I had way overpaid some, but I was so happy to get a PIF letter and for them to go away. I have also gotten some calls from the foreign guy that says I'm going to be downloaded and arrested, but I told him where to stick it and I haven't heard back since. There is nothing better than the feeling of getting your first full paycheck!

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