Internet's first get-out-of-debt community - 134,000 members

Posted: Tue Jan 08, 2008 8:17 pm Subject: Referred to Oak View Law Group

I have payday loans that I am trying to deal with, that are eating up most of my check each payday just to pay the renewal fees. I filled out an application with Oak View Law group to see if they could negotiate a settlement for me. Can anyone advise on if this is legitimate or not, or what is the best way to handle this problem. I don't want my checking account messed up, and I can't pay my regular bills because of trying to keep head above water paying these fees.

Posted: Wed Jan 09, 2008 12:25 am Subject:

please list your the state you live in, name of payday lender(s), amount you borrowed, amount you owe and someone will be along to help you. I dont know if that company is legitimate or not, you can check on the BBB website.

Posted: Wed Jan 09, 2008 10:01 am Subject:

Hi Trinity,

I understand that you are curious to know about our business. Feel free to contact the state attorney's general's office and know about our business. We are listed with the California bar council.
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Regards
BG

Edited by Goudah - Ads are not allowed per the TOS of the site. Please refrain from future ads.

Posted: Wed Jan 09, 2008 10:11 am Subject:

This is something you may be able to handle without the support of a company. You may be able to save money and do this yourself. Please provide the info stargzr requested and we can better help you determine what the best course of action may be.

Posted: Wed Jan 09, 2008 10:30 am Subject:

Thanks Goudah for taking prompt actions. You are doing a nice job as a moderator. I am sorry I didn't say earlier that I have already spoken to Mike (site admin) regarding my post and I do have his permission to post here about our company.

Posted: Wed Jan 09, 2008 10:32 am Subject:

Let me make my post once again and I hope it will stay this time. Smile

Hi Trinity,

I am BG working in the customer care Dept of Oak View Law Group. I am glad to see that you have been referred to our company for the free counseling and get assistance on your debt related problems. I understand that you are curious to know about our legit business. Feel free to contact the state attorney's general's office and know about our legit business. You will not find a single complaint against us and we take pride on this, because for us, our client comes first. We are listed with the California bar council and the attorneys who will be working on your case have experience of over 30 years.

You don't have to be worried about your checking account and automatic debits. You will have all the terms mentioned in the contract copy, with your signature on it, and we will show your transactions in a very transparent way in your secure clients area. We will also keep you updated on the progress made with each creditor in the program. I will like to show you some of our success stories that we had with the creditors recently. First, its time to discuss about your options with your financial coach and work out a suitable plan. Then, I will be glad to talk to you when you call at our back end office.
--
Regards
BG
Customer Care Representative
For Oak View Law Group
800-530-6854 ext 8053

Posted: Wed Jan 09, 2008 11:50 am Subject:

So this new company is also going to deal with payday loan companies? Not just traditional debts?

Posted: Wed Jan 09, 2008 12:16 pm Subject:

Yes, we will help people who are having problems with their online payday loans. At this time, we are not ready to include storefront lenders in the program.

I have found that most of the online pdl companies do not have a legal business in the state they are lending from. They charge illegal fees and interests on the actual balance and then try to make the consumer pay all the fees. In most of the cases, they try to eat up the money of people by charging the renewal fees and posting nothing towards the principal balance. Suppose, if you have taken a loan of $300 and have already paid back $1800, the online lenders will say that the money went towards renewing the loan. The customer has signed the contract. It’s actually a digital signature. Believe me, they will try to get every penny by putting a one time settlement. Laws are in favor of the consumer. Know your rights otherwise you will always end up paying huge amount just in fees only.

Regards
BG
Customer Care Representative
For Oak View Law Group
800-530-6854 ext 8053

Posted: Wed Jan 09, 2008 12:50 pm Subject:

Yeah, we know that. Most of us here have fought them ourselves and help others do the same.

I have another question - Most of the companies out there that help people with payday loans just help them to settle or pay each month. Is your company really going to fight the illegal ones? And if so, what would the consumer gain by hiring your company? They can do this all themselves, it just takes some time and energy. Why should they pay your company to do something they can do themselves for free? Most people that get into payday loan messes have no money. I know that some people just prefer to have a company do it for them so they don't have to deal with it, but can you descibe a bit more about why someone should go with your company instead of just doing it themselves?

If you look around this site some more, you will see that we here have been doing the very thing you company is offering for free . . . . .

Posted: Wed Jan 09, 2008 2:04 pm Subject:

It's good that people are getting informed and know what's the best legal way to deal with companies who twist the laws

Goudah, our company will not make a client pay a single penny extra if s/he has already paid the principal amount and the charges that are legal in a state (provided the company is doing a legit business). In my previous post, I discussed a case where one person kept on paying a huge amount towards the loan and the pdl company kept on posting that amount towards the renewal fees. That's one good way of earning money by the pdl company, and if it's not mentioned in the contract, it's the money earned ILLEGALLY. The attorneys in our law office will get the accounts closed and make the pdl company write a paid/settled in full letter to the client. For getting refunds, we will request the client to file complaints with the attorney’s general office.

People working in our para-legal dept are certified and they have more knowledge on the legal aspects. What I am posting here is based on my experience and reality faced in the customer care cell. I am happy to see members on this board offering a helping hand guide people in the right direction. It’s rarely seen now-a-days.

Regards
BG
Customer Care Representative
For Oak View Law Group
800-530-6854 ext 8053

Posted: Wed Jan 09, 2008 2:11 pm Subject:

How much does the service cost? What is it based on?

For example, let's say someone contracts with Oak View, and they have 7 loans. All are from unlicensed companies, and they have paid all these loans several times over in fees. How much would you charge that person?

So are there actually any lawyers involved? You only mentioned para legals . . . . .

This still is stuff anyone can do on their own for free . . . . What is the benefit of paying your company to do it for you?

Posted: Wed Jan 09, 2008 2:48 pm Subject:

We are not forcing anyone to take our services. Looking at your posts, I know that you stand with confidence and aware of the laws. So, you don't have to consider for any professional help because you know how to fight back. Our services are for those who can't keep calling their pdl companies and need help; we will represent them in front of their creditors. I take hundreds of calls everyday and most of the people I talk to are scared and worried. They don’t have any idea what to do next. Our services are for such people in the crowd.

If our attorney has to work for a client who has borrowed loans from illegal companies and has been paying huge fees, we will first ask the client if they still want to include that account in the program and get our services. Our attorneys will be working on his case and representing him in front of the creditors until that account is closed by the pdl company. There's a monthly fee because our attorneys will be putting their time on his case. We will not push the client to include that account if he is not interested for services on that account. And we have offered discounts to people in huge debts and going through financial hardship. Every person has an individual situation and after reviewing his/her file, our financial coach will do whatever they can. That's why I am not discussing about the fees on the message board. Speak to our financial coach and you will know what's the best thing he can offer.

It's not that we just want to earn money, but we have to cover the cost of running a business. If you are working or you have your own business, you will know what I am trying to convey.

Regards
BG
Customer Care Representative
For Oak View Law Group
800-530-6854 ext 8053

Posted: Wed Jan 09, 2008 3:00 pm Subject:

I'm not interested for myself, I dont' have any payday loans. I'm trying to get more information for the readers of the board, people who may be interested in using the service. Other like companies have been discussed very openly.

Other like businesses will explain their fee structure . . . . Like Langhorn for example. They take a percentage of your amount of settled loans. You settle a loan for $400, Langhorn gets their percentage. T & C does a monthly fee based on the amount of debt.

I understand that it's different for each person, that's why I gave an example. With it being a monthly fee, I'd be worried because these payday loan places can really drag their feet.

Posted: Wed Jan 09, 2008 4:07 pm Subject:

Monthly fee is $50 for representing the client in front of the creditor. This fee will continue until the program finishes.

For all kinds of unsecured debts included in the program with OVLG, the standard price is $100 for the first five creditors. And if someone has more than five, then s/he will get a discount of $50 on every creditor after the first 5.

The fees are clearly mentioned in the fine print and we expect that every client will read it very carefully before signing the document. We always recommend the clients to consult an attorney if they have confusions on any point mentioned in the contract. We have been transparent to our clients and that's why we have nothing to worry. Our business feedbacks are available with the attorney general’s office and California bar council.

Posted: Wed Jan 09, 2008 10:24 pm Subject:

Goudah you make some very good points. It is very sad but many of the people here are already suffering with no money to pay their rent/mortage or by food or diapers for their babies. I like this site because it has many points of view and helps people by empowering them to take actions themselves. I feel that when someone fights the fight they may be less likely to take out payday loans again and they will feel much better about themselves. I thought the purpose of this website was people helping people. I would hate to see it turn into a business venture for various agencies. Just my humble opinion.

Guest · Posted: Wed Jan 09, 2008 10:47 pm Subject: Oakview Law Group

The companies I got in trouble with are: Cash Transfer Centers
UpFrontMoney.com
Ace
AIP

I don't necessarly mind paying a reasonable fee to Oakview if they can help me deal with this. I work a job with very demanding hours so it is difficult for me to put all the hours in on the phone trying to negotiate some kind of reasonable agreement with these people. As far as I can tell everything Oak View has discussed with me seems on the up and up.

Now my next problem is to start dealing with my IRS problems. After that I may actually feel like I have my life back.

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