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Posted: Sat Jul 12, 2008 5:08 pm Subject: Need help in Florida

I have three outstanding payday loans:

Cash Net Usa - owe $900 in principal (original loan $1000, paid off $100 principle)

Geneva Roth Ventures - owe $225 (original loan $300, paid off $75 principle)

Interim Cash - owe $250 (original loan $250, paid nothing on principle yet)

All three our internet based loans.

How do I even start to take care of this mess? Just today, I opened another checking account with a different bank, and switched my direct deposit to it. But what should I do with the checking account that these companies have access to? In five days, the next interest payments are due, and there won't be any money in that account.

Any advice will be greatly appreciated!

Posted: Sat Jul 12, 2008 5:39 pm Subject: more info

I guess it would be helpful to post how much I've paid in total (including "finance charges")

Cash Net USA - approx $328.60
Interim Cash - $405.00
Geneva Roth - don't have exact amount, but at least $955.50

Posted: Sat Jul 12, 2008 6:56 pm Subject:

Hello mzellaneous and welcome to the community! Smile

What state do you reside in?

Posted: Sat Jul 12, 2008 7:05 pm Subject:

Florida...thanks!

Posted: Sat Jul 12, 2008 7:05 pm Subject:

I'm sorry, sometimes I'm a dunce lol, you're in FL, I will post your laws shortly. This account that you still have opened, why not close it? Is there a reason why you aren't closing it, if there is, place a hard debit block on it so no more money can be withdrawn from these companies. Then you can contact them and let them know you are going to make payments but you will need a physical address to send them. I would only send them money orders if I were you, and you can expect them to probably harass the heck out of you. Also, they will probably be very reluctant to set up payment plans with you but you're going to need to stand firm and make it clear you will pay them off through money orders only. You will also need to send them a letter (via email will do) revoking all wage assignments, then give a copy to your payroll person. After I post your laws we need to find out if these companies are licensed to lend to FL residents. Smile

Posted: Sat Jul 12, 2008 7:08 pm Subject:

If you CLICK HERE you will find the FL licensee data base, you can search these companies to see if they are licensed to lend.

Posted: Sat Jul 12, 2008 7:10 pm Subject:

Thanks for the response, Shazzers.

No, there's no reason I can't close the first account...just have to wait until Monday when they open to do it. Are most banks willing to do the hard debit block? If not, what are other options?

Posted: Sat Jul 12, 2008 7:11 pm Subject:

Well hmmmm, that doesn't look like the correct data base, my bad. Well, anyway, we can do a search on these companies here at this forum by placing the name of the companies in the search box in the upper right hand corner of this forum, that will pull up numerous topics, these topics will contain information on these companies about how other members dealt with them. Very Happy

Posted: Sat Jul 12, 2008 7:14 pm Subject:

Posted: Sat Jul 12, 2008 7:16 pm Subject:

The only problem with going into that bank is that it is in Colorado and I am here in Florida. Won't be able to go in person. I'll see what I can do over the phone.

Posted: Sat Jul 12, 2008 7:19 pm Subject:

Cash Net USA loaned you over the legal amount according the your laws, they shouldn't have loaned anymore than $500. READ THIS about them.

Posted: Sat Jul 12, 2008 7:20 pm Subject:

Posted: Sat Jul 12, 2008 7:23 pm Subject:

Here's some information on Geneva Roth, at least now you have an address to send payments. Very Happy

Geneva Roth Ventures
P.O. Box 148
Mission, KS 66201
(800)351-8820

Posted: Sat Jul 12, 2008 7:28 pm Subject:

It looks like Interim Cash is a difficult company to deal with and possible not even in the U.S., I did find this address, not sure how accurate it is though. Confused

Interim Cash
19 W 34th St New York
NY 10010

I'm going to post a sample letter that you might want to consider sending to these companies, it covers mostly all the bases. You will probably need to omit some of it, just tailor it to your needs. Very Happy

Posted: Sat Jul 12, 2008 7:32 pm Subject:

I believe that Cash Net is legal, I'm not sure about the other ones though. Hopefully someone who has dealt with these companies will come along shortly with some advice for you on how to deal with them. Make sure you keep checking back to see. Smile

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