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Posted: Mon Apr 28, 2008 5:45 pm

So I have been going through this forum pages for many hours. I would like to run my situation by you to see if I have it all straight.
I have three PDL's
Loan Sop I got $300.00 and have paid 720
Upfront Cash I got $350 and have paid 945
United Cash Loans I got $300.00 and have paid 450.00

I have checked the Illinois laws and it appears that they are not licenced in IL. Also if I am reading the law right I have gone way over the 45 day limit and the loans have been rolled over which is prohibited in IL. The law says that you can't charge more than 15.50 per $100.00. I have been paying 90-120 per pay period. Am I understanding all of this correctly?

Here is the catch. I electronically signed a contract with Loan Shop that my paycheck deduction would be $60.00. It has been $90. When I called them about it they said that it was no longer valid because when they talked to me they were able to up it so my electronic contract was void.

So far I have written them the cease letters I have found on here. I am also going to file with the BBB, The Illinois Attorney General and the Attorney General in their state.

Should I try to close my account with Bank of America? What are the chances of getting any kind of refund from these companies? How long does it usually take to even get a PIF?

I want this all over soon!

Thanks for any help you can give me!

Posted: Mon Apr 28, 2008 6:22 pm

I'm afraid you are probably going to have to close your account, to stop them from stealing your money. Please read this information about closing accounts at the link below, before you do so.
http://www.debtconsolidationcare.com/paydayloan/close-account.html

You most definitely should file complaints, with you AG, BBB and Department Of Finance. When you file your complaint with the BBB, state that you demand a refund for the amount you have over paid these companies. I really am not sure how helpful the IL BBB is, but in Ohio, they were very helpful to me.

Posted: Mon Apr 28, 2008 6:36 pm

I agree with Shaz....these people will come up with anything to validate what they are doing. They will say or do anything. I would take copies of your letters to your bank and get that account closed and also let them know that you have revoked your authorization to debit you account. I know UCLs are a pain in the butt!!! I have dealt with them and they are sneaky!!!! Watch your account to make sure they don't slip a "paper" check through before you get your account closed.

Posted: Tue Apr 29, 2008 5:52 am

Listen to these good people..They know what they are talking about. File complaints asap.

Posted: Tue Apr 29, 2008 5:56 am

being in illinois myself,i can tell you that none of these places are licensed or registered with our state.do as shazzers advises with your bank account.
these places will debit forever and still say you owe.take care of the bank and we'll go from there.

Posted: Tue Apr 29, 2008 5:26 pm

O.K. So I have written my letters and filled out the Attroney General forms for both my state and theirs. I was going to file with the BBB tomorrow. Before I fax all of this to each company I am going to talk to my bank tomorrow and take all of my information with me. I am just going to tell my employer that I have had some weird transactions on my bank account and for them to just give me a paper check on Monday. Have I covered all of my bases? I am worried about the stimulus check. It will go into my account mid May.

Guest · Posted: Tue Apr 29, 2008 5:38 pm

See the post about ACH Processors. It will solve your worries

Posted: Tue Apr 29, 2008 5:40 pm

shoppin. . . did you get my pm regarding the ACH processors? Please read the posts regarding the same. It will save you a ton of trouble.

Posted: Wed Apr 30, 2008 6:44 am

I do not se a PM

Posted: Wed Apr 30, 2008 6:46 am

Look to the right of the screen and you should see a link to messages. If it says you have a message click on it to open.

Posted: Wed Apr 30, 2008 6:51 am

Guest:

Posted: Wed Apr 30, 2008 6:54 am

The post about ach processors is now a sticky, so it will stay at the top of the page.

Posted: Wed Apr 30, 2008 6:57 am

I do not have a message. I searched ACH processors and came up with a forum. I was confused, however.

Posted: Wed Apr 30, 2008 7:05 am

Here's the post:

http://www.debtconsolidationcare.com/paydayloan/ach-processors.html

You will need to contact your bank and ask them who is processing the ach transactions for each company.

Posted: Wed Apr 30, 2008 8:41 am

O.K. I am in the process of getting the processor information and calling them. Is this going to stop it, at least to buy me some more time? My next payday is Monday and I do not want them to take more out.

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