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 Posted: Wed May 14, 2008 11:44 am Subject: I need payday loan help
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I have a payday loan with PRL, but I wanted to make arrangements to pay off they send an email from North something in a foreign country, I live in Indiana, the state laws says they can't sue me and they aren't licensed in Indiana and neither is E care who calls me, Help!!!
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sjfoley
Joined: 08 May 2008
Posts: 13
Debtcc Points: 169
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Shazzers
Moderator
Joined: 05 Dec 2007
Posts: 4292
Debtcc Points: 27312
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Shazzers
Moderator
Joined: 05 Dec 2007
Posts: 4292
Debtcc Points: 27312
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Posted: Wed May 14, 2008 12:03 pm Subject:
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I think its PRL Direct, but now they say its North something in a foreign country & Ecare is calling me
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sjfoley
Joined: 08 May 2008
Posts: 13
Debtcc Points: 169
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Posted: Wed May 14, 2008 12:07 pm Subject:
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I'm posting the laws in your state:
| Quote: | Indiana State Information
Legal Status: Legal
Citation:
Ind. Code Ann. ยง 24-4.5-7-101 et seq.
Loan Terms:
Maximum Loan Amount: $550 (not to exceed 20% of borrower's monthly gross income)
Loan Term: Min: 14 days
Maximum Finance Rate and Fees: 15%: $0-$250; 13%: $251-$400; 10%: $401-$500
Finance Charge for 14-day $100 loan: $15
APR for 14-day $100 loan: 390%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: One per lender; Two total
Rollovers Permitted: None (cannot renew, repay, refinance or consolidate)
Cooling-off Period: 7 days after 6 consecutive loans
Repayment Plan: After 3 consecutive loans, lender must offer an extended payment plan of at least four equal installments at no additional cost
Collection Limits:
Collection Fees: One $20 NSF fee; additional charges may apply when check or authorization to debit was used to defraud another
Criminal Action: Prohibited
Where to Complain, Get Information:
Regulator: Indiana Department of Financial Institutions
Address: 30 South n Street, Suite 300 Indianapolis IN 46204
Phone: (800) 382-4880
Fax:
Regulatory Contact: Mark Tarpey,, Supervisor, Consumer Credit
Regulator Website
http://www.in.gov/dfi/ |
_________________
Online Complaints Ohio Attorney General
Online complaints: Federal Trade Commission.
Ohio Payday Loan Laws
Ohio Consumer Protection Law
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Shazzers
Moderator
Joined: 05 Dec 2007
Posts: 4292
Debtcc Points: 27312
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Posted: Wed May 14, 2008 12:15 pm Subject:
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Thanks for the information,has anyone ever settled with any of these companies?
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sjfoley
Joined: 08 May 2008
Posts: 13
Debtcc Points: 169
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Posted: Wed May 14, 2008 12:16 pm Subject:
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I obtained this information from the link below about this company you are dealing with: I'm not possitive how accurate it is, however, I've read several threads about them and it appears they are illegal.
http://www.debtconsolidationcare.com/forums/about3377-31.html
Posted by 'Big Tip':
| Quote: | The company uses the names: Sonic Payday, PRL Direct, Cash Transfer Centers, and PayDay Avenue...They all fall under the NDG Group of Companies and the call centers are called ECare Contact Centers.
Please note: There threats are meaningless. If they tell you they are going to Wage Assign you all you have to do is write/fax them a letter stating you REVOKE the wage assignment. Then call your bank and you can discuss with them how to remove the companies ability to ACH Debit your account. NOTE: This company has not nor will not ever sue...They barely effect your credit if at all.
The company is run by a men named Paul Ash in Winnipeg and Peter Ash in Surrey. The President is a lady named Kim DeThomas in Winnipeg. The reason the lenders name keeps changing is so that they can fly under the radar of the Attorney Generals office by not showing high volumes of loans. Note: Their name changes and they won't take on new clients under the name but will maintain the old ones.
If you have had a problem with your loan please note:
1. If you revoke the wage assignment they can not send it to your employer.
2. If you advise them that they are to contact you by mail only (simply state:Cease and Desist calling me) they can not call you.
3. Also tell your employer/payroll person that they will be calling because they will call and verify your employment, this may include an EMail to your employer stating you have an outstanding balance. Don't sweat it, tell your employer it will be handled then revoke there wage assignment by sending a fax to them, your employer will not hear from them again.
4. Sit back and wait for a couple months and a legitimate collection agency may call and then simply make payment arrangements to split the loan into easier payments.
NOTE: You will not be sued so don't worry |
_________________
Online Complaints Ohio Attorney General
Online complaints: Federal Trade Commission.
Ohio Payday Loan Laws
Ohio Consumer Protection Law
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Shazzers
Moderator
Joined: 05 Dec 2007
Posts: 4292
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Posted: Wed May 14, 2008 12:38 pm Subject:
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Thanks, that helps me feel a lot better.
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sjfoley
Joined: 08 May 2008
Posts: 13
Debtcc Points: 169
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Posted: Wed May 14, 2008 1:26 pm Subject: use payday loans
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Only if you can't avoid,serious debt prob.
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enhe42954
Joined: 14 May 2008
Posts: 2
Debtcc Points: 18
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Posted: Thu May 15, 2008 12:34 pm Subject: Payroll Dept.
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I just talked to my payroll dept. they do not recognize wage assignments. they only recognize garnishments done through the court system
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Guest
Debtcc Points: 100
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Posted: Thu May 15, 2008 12:50 pm Subject:
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That is great news. Some payroll departments are really in the know. Yours is, others have no clue what a wage assignment even is.
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kashzan
Debt Samaritan
Joined: 11 Jul 2007
Posts: 5463
Debtcc Points: 38905
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I just noticed that my internet is running very SLOW, so if I don't reply right away, that is the reason why. Do hang in there, someone will be around to help you as soon as possible.
