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shelly72 · Posted: Sun Nov 04, 2007 6:16 am Subject: need help in florida for payday loans

I have like 6 payday loans for me and my husband. my father in law got really sick and we did everything we could just to save him.Now our problem became a nightmare. We started borrowing from these paydayloan. Theyre debiting money directly from our account. All of them are online except for Advance America which we always in good standing, they actually extended our lona for another 2 weeks without any charges when they found out our situation. I live here in FL..I have a 2 yr old son and now its becoming hard for me to put him in daycare because of the fees everyweek and hard for us to move on, I called my bank and they said I can put a stop payment for those payday loan so they wont be able to withdraw money from our account. With these, I told my husband I can just stop whats under my name and I dont care if they call me at work, I'll just infrom my employer plus my phone is drect to my desk. I just ran out of solution and I dont wanna borrow anymore. Whats gonna happen if i do this?
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Posted: Sun Nov 04, 2007 6:26 am Subject:

Shelly can you please list the names of the internet paydayloans, the amount borrowed and what you have paid. This will help to find out if they are legal/illegal and if you have already overpaid any of them.
Do you and your husband share an account, and if so are some of the internet ones in his name?
I am rather new at this myself, but I know there are a lot of illegal internet payday loan places out there.
Hang in there Shelly, you came to the right place the people here are awesome and can help you to end the endless cycle Smile

They have helped me sooo much.
Im cheering for you Smile

shelly72 · Posted: Sun Nov 04, 2007 7:18 am Subject: need help in FL

my bank account is under me and my husband..I have paydayloan-yes.com which originaly 300 but now its down to 200 since I paid 100 plus finance charge, OSL for 200.00, AIP for 200 which I paid 3 times the finance charge for 89. that means they already got finance charge more than the principal. I got cash spot for my husband in the amount of 300, instant cash 911 for me for 400.00,ex pay for 300 for my husband...I paid fiance chagres already like 2 to 3 times with such little amount...I talked to my husband and I said I'll sacrifice. I will put a stop payment under my name so they dont get anything from our bank anymore and we can buy all our basic needs. I cant afford them to call my husband at work since hes a supervisor but me, they will call directly my desk plus they cant harm on on the phone...I just ran out of options

Posted: Sun Nov 04, 2007 10:00 am Subject: reply

B/shelly: I have posted information for you on your other thread. There is more information there. i2, there is another thread going with shelly and her information. Just a heads up. Wink

Posted: Sun Nov 04, 2007 11:48 am Subject:

Thanks cannr...i have been gone over the weekend so didnt know Smile

Guest · Posted: Sun Nov 04, 2007 1:35 pm Subject:

hi..its shelly72...I just spoke to my bank and they told me that payday loans is really a horrible thing. The problem is since we have an agreement, even if we close the account, they'll be able to re-open it because of the agreement. If you open a new bank account, it will take a little time but if they found out, they can start debiting money too...I have so sit down with my husband..check everything we can sell that we dont need...pay off one at a time..3 of them will have to go next week since my father inlaw will give us money just to pay off some of them...then 3 more to go..ranging from 200 to 300...They just have to go..my bank told me that if we paid off each loan, give them a call so they can totally block them..any other account who try debitting from our account, they have to speak with us first....its tough but our bank was good since we have our account with them for 4 years now..no problem,,,I dont know..Im still confused..

Posted: Sun Nov 04, 2007 4:18 pm Subject: reply

shelly, is your bank aware that these are unlicensed/illegal companies? I understand what they are saying regarding "you have an agreement"; however, you were not aware that these were unlicensed/illegal companies. They are not even licensed to lend legally. And I do understand you wanting to pay them. However, you only need to pay them back the amount that they deposited into your account. No more. That's it. One of them has already debited you for more than that. The others will continue to debit for hundreds more if you allow it. So is your bank saying that they will block ALL debits? If your bank will block ALL debits, you can pay these illegal loans back yourself, by money order, and for the amount of the loan deposited only. I'm sorry, but I'm not disagreeing with your bank. My point is that they do not understand that these are illegal companies who are debiting your account illegal "fees" according to your state. Yes, your account can be "forced" open; however, that's why we say in that case to put a hard debit block on it. Nothing will go through. Then open a new account so that you will have a working bank account for yourself. I just really hate to see these companies continue to debit your account forever. And, I hate to say it, but they will. And it will be for well over the amount of the loan. I don't know if you spoke with a customer service rep over the phone or how you did it. But what works is going to the bank and speaking to the manager. We've all had to do this. We have to stress "illegal" companies, "illegal" fees, "unauthorized" debits. This way they will block your account. Unfortunately, they may try to debit your account under different names. That's why just trying to block these particular names is hard.

shelly72 · Posted: Sun Nov 04, 2007 4:53 pm Subject:

tomorrow I will personally go to my bank and speak to a manager because I only spoke to a customer service rep. I wonder how I can avoid the others from calling my husband at work...as of now, I know i will have an overdraft fee tomorrow because I paid my car..those paydayloans made sure they got theirs first..and they did thats why it affected my payment for the ones we really need...that is why I decided to just close it and have a new start ..I dont think I'll go to jail for owing 200 each am i?...help pls

shelly72 · Posted: Sun Nov 04, 2007 4:56 pm Subject:

by the way..my husband borrowed from checkngo 2 months ago and hes almost done paying off his loan..he borrowed 1375 and hes only 3 payments away out of the 8 installment..always on time..because we kept on paying them, i feel like theyre trying to hook us to borrow again because they kept on emaileing us and texting us saying were eligible for bigger amount...they got no heart..we're short all the time..I feel so sorry for my 2 yr old son..because of this payday loan, we cant take him out anymore..we cant do anything like we used too..I feel so stupid..if we survived all these, it will ne a NEVER AGAIN thing...its a nightmare!

Posted: Sun Nov 04, 2007 5:11 pm Subject: reply

Okay, shelly, please stop beating yourself up! We've all done it! It'll be okay. Now, you have an installment loan with Check n Go, correct? So you're paying them through debits of your bank account also? Now Check n Go IS licensed/legal. They are not considered a pdl. So what you'll have to do regarding them, is after you get your account all straightened out at the bank, contact Check n Go. You've always made your payments and you're almost done. After the bank deal is done, call Check n Go. Tell them you bank account was closed. They will need to know this so they're aware their debits won't go through. You don't want them to think you're trying to not pay them. I do know of others who have Check n Go installment loans. They will want you to pay via bank debit; however, I do know that others have gotten an alternative payment (money order, money gram, etc) to pay them. You will have to pay these guys though since they are licensed/legal. And, no, you're not going to go to jail for illegal internet loans. If that were the case, I would not be here sitting at my computer helping you out. I'd be sitting there with millions of others. You see from this site how many people are trapped in this. And we are all still here.

Posted: Sun Nov 04, 2007 5:16 pm Subject:

Hang in there Shelly Smile

First of all you can send them a note letting them know they are not allowed to call you at work or your husbands work and for that matter not to call you at home, but all communication is to be done via usps. I think you can tell them the same thing via phone, but you definately need to let them know not to call any more and not to call anywhere period!!!
As far as the bank goes yes it is best to speak to a branch manager and explain the situation to them as far as these being illegal companies withdrawing monies from your account and you are denying them the right to take anymore money from you.
If that manager will not work with you move up to another one or go to another branch until you have resolved the issue and have something in writing as far as them not being able to reopen the account.
Chin up

shelly72 · Posted: Sun Nov 04, 2007 6:14 pm Subject:

thanks guys..I will post the outcome of my conversation with the manager tomorrow..thanks for all your advise

Posted: Sun Nov 04, 2007 6:24 pm Subject: reply

shelly, no problem. We will be here. See what you can do regarding the bank and we will take it from there!

shelly72 · Posted: Sun Nov 04, 2007 8:11 pm Subject:

out of curiosity, i wanna know which one of our payday loan is legal..below are the ones we're dealing with so atleast I know whos gotta go first..

checkngo
payday-loan-yes
instant cash911
ez pay
AIP
OSL
The cashspot

are these company all legal..I know you told me AIP is not..theyre the ones who took 89 every week from me for 3 weeks..for 200 principal..what about the others..can anybody help me check

Shelly72 · Posted: Tue Nov 06, 2007 9:42 pm Subject:

I already talked to the branch manager of my bank. Our agreement was to put a hard block on our account. That means theres no other transaction allowed other than deposit..as if we freeze our own account. If we need money, we have to go to the branch and withdraw it ourselves so they can identify that were the account holder. Meanwhile, My husband will fully pay one payday loan he has. The rest of our loans, I drafted a letter and will send to those loan shark companies..Its a registered mail. I will call them up tomorrow to inform them that hey Its causing a financial hardship in my family and this is only what I can do..Take it or leave it thing..I will also tell them that I spoke to my father inlaws attorney to help us draft a settlement agreement which I actually did because my mind is already drained...In the letter, I stated that I want a repayment plan therwise I have to declare bankcruptcy..ofcourse its not actually true . I wont file such a thing for a 200 each loan...and yeah Im scared but i guess thats life..sometimes you learn things the hard way....we have a storefront loan. my husband paid hs ..mine, I wrote them a letter that I need a repayment plan because I dont have anything to provide my family anymore..I have the guts to say it because I read the agreement that I signed ..that I cant be criminally prosecuted under the the check I issued unless proven that I dont have any intention of paying and that an extension of 60 days grace period is supposed to be given to me under our state law to settle the amount without adding any charges...tough but I think I'll be able to get out of this...I will keep u guys posted..if Im able to get out of this nightmare then I'll be willing to share it to everybody..Its a horrible nightmare.

Posted: Tue Nov 06, 2007 10:19 pm Subject:

<-----is shelly72
it took me awhile before I can log on again to ths site. I got confused about my password..keep me posted for update

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