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 Posted: Thu May 15, 2008 9:06 am
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I live in MA and I know these online loans are illegal but what do I do next.
I have finally figured out what i have paid, this is insane! How could i be so dumb! I still really need advice. I did close my accounts and they can not be reopened under any circumstance. I sent a letter that was posted on this site to Loan Point & Sandpoint (Clearwater) with no response. Clearwater did respond about Nevis ruling the laws but i told them no MA laws prevail. No answer.
The debits would go through tomorrow but that won't happen, when will they start to call and what do i say. I am very nervous about this. I did call the division of banks and they also told me to close my accounts!!! Thanks for any help/advice you guys can give. In reading some of these posts it has made me very nervous!
With Finance Deposit Amount Paid
Cash Direct 379.50 300.00 318.00
Cash First 390.00 300.00 360.00
Sandpoint 390.00 300.00 1,350.00
Arrowhead 390.00 300.00 180.00
Total Lendin 390.00 300.00 360.00
Loan Shop 390.00 300.00 270.00
Loan Shop 130.00 100.00 150.00
Loan Point 390.00 300.00 1,260.00
500 Fast 455.00 350.00 450.00
One Click 455.00 350.00 210.00
CTC 635.00 500.00 0.00
4,394.50 3,400.00 4,908.00
Ameriloan 455.00 350.00 420.00
Cash Net 455.00 350.00 540.00
M1Y 390.00 300.00 0.00
My Paycheck 520.00 400.00 0.00
1,820.00 1,400.0 960.00
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momw22000
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Debtcc Points: 100
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Posted: Thu May 15, 2008 9:44 am
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Well, we can't promise it won't be hard. these payday monster are awful to deal with. Once the loans have defaulted, they will contact you (though it might be a few days after). Than send out letters and reports to FTC, BBB and AG.
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bea2ls
Joined: 27 Mar 2008
Posts: 320
Debtcc Points: 3188
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Posted: Thu May 15, 2008 9:49 am
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"William Mashburn" wmashburn@ltsmanagement.com
William Mashburn
Phone: 888-265-5074 x3497
Fax: 800-383-3309
momw...here is the guy from loanshop that gave me my PIF letter and refund. i had overpaid on my loan though. but he was nice to deal with. i emailed him and it was done in one day. maybe if you take care of your loanshop loans first...and get a good response, it will motivate you to do the others like it did me. make sure you mention reporting to the BBB and Attorney General...i don't think they like that very much.
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toledoguy030
Joined: 08 May 2008
Posts: 120
Debtcc Points: 997
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Posted: Thu May 15, 2008 9:51 am
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I was really freaked out at first, too - but i think it helps to take care of correctly from the start. you really should be fine.
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bea2ls
Joined: 27 Mar 2008
Posts: 320
Debtcc Points: 3188
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Posted: Thu May 15, 2008 9:56 am
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What goes around comes around! Renmamember a stitch in time saves nine!
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Mr. Cliche
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Posted: Thu May 15, 2008 10:00 am
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Don't really know what you mean Mr. Cliche....
I do want to take care of these the right way.
Thank you toledoguy i will call him.
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momw22000
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Posted: Thu May 15, 2008 10:18 am
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momw, when I first came here, I was a wreck! I seriously was about thisclose to faking my death and moving to Mexico! However, I closed my bank account and got it protected and then sent out letters. I have gotten one to settle for just the principal, one (legal) one to work out a payment plan and one even gave me a refund! The others I am still haggling with but there's hope! You can do it!
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minsmi
Joined: 17 Apr 2008
Posts: 44
Debtcc Points: 492
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Posted: Thu May 15, 2008 10:48 am
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Called both Loan Shop & Loan Point who i overpaid by 870.00 neither of them will do a thing.
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momw22000
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Posted: Thu May 15, 2008 11:44 am
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Don't call, send them a c & d letter if they are illegal PDLs.
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minsmi
Joined: 17 Apr 2008
Posts: 44
Debtcc Points: 492
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Posted: Thu May 15, 2008 1:02 pm
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If they are illegal, include the processor route in your plan. They will be able to give you some help with this as well.
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llw1995
Joined: 02 Feb 2008
Posts: 862
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