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Posted: Fri Feb 22, 2008 1:02 pm Subject: I need help.....

I have gotten into trouble with these payday loans. I'm losing sleep, I've sold almost everything I can on Ebay to stay above water but I can see the end coming. I really need some help. I am in the state of Florida.

MTE: Internet Original Loan $300.00 12/3/2007
$125.00 2-22-08
$140.00 2-8-08
$90.00 1-25-08
$90.00 1-11-08
$90.00 12-28-07
$90.00 12-14-2007

Payday Loan Yes: Original Loan $350.00 12/14/2007
$105.00 2-22-08
$105.00 2-8-2008
$105.00 1-25-2008
$105.00 1-11-2008
$105.00 12-28-2007

United Cash Loans Original Loan: $300.00 12/14/2007
$90.00 2-22-2008
$90.00 2-8-2008
$90.00 1-25-2008
$90.00 1-11-2008
$90.00 12-28-2007

Quick Bucks Direct 1-877-773-7723 Origian Loan $300.00 1/18/2008

$77.59 2-22-2008
$77.59 2-8-2008
$77.03 1-25-2008

One Click Cash Original Loan $250.00
$110.00 2-22-2008
$75.00 2-8-2008
$75.00 1-25-2008
$75.00 1-11-2008
$75.00 12-28-2007
$75.00 12-14-2007

One Step Cash Original Loan $300.00
$95.00 2-22-2008
$110.00 2-8-2008
$75.00 1-25-2008
$90.00 12-28-2007
$90.00 12-14-2007
$90.00 11-30-2007
$90.00 11-16-2007

BIG Original $200.00

$40.00 2-22-2008
$40.00 2-8-2008
$40.00 1-25-2008
$40.00 1-11-2008
$40.00 12-28-2007
$40.00 12-14-2007
$40.00 11-30-2007
$40.00 11-16-2007
$45.00 11-2-2007
$50.00 10-19-2007
$55.00 10-5-2007
$60.00 9-21-2007
$65.00 9-7-2007
$70.00 8-24-2007
$80.00 7-27-2007

GFS Original Loan $200.00
$40.00 2-22-2008
$40.00 2-8-2008
$40.00 1-25-2008
$45.00 1-11-2008
$50.00 12-28-2007
$55.00 12-14-2007
$60.00 11-30-2007
$65.00 11-16-2007
$70.00 11-2-2007
$75.00 10-19-2007
$80.00 10-5-2007

I have paid off any previous ones to this.

I am in the state of Florida

Thanks,

Sam

Personal e-mail id removed as per forum rules. - Jason

Posted: Fri Feb 22, 2008 2:45 pm Subject:

someone will be along shortly to advise you on the laws of Florida but just by glancing through your list it looks as though you have paid more than enough back..someone will be along shortly to advise you further good luck

Posted: Fri Feb 22, 2008 3:00 pm Subject:

Thanks, I am eagerly awaiting some good advice. I don't know what to do about my bank account. I finally got my credit to the point where I could get a checking account and now I've gone and done this..... I don't want to make any more mistakes.

Posted: Fri Feb 22, 2008 3:12 pm Subject:

I, for one if it were me, I would close the checking account to put an end to the ach's...please read this thread before doing so so that you are knowledgable on this works: http://www.debtconsolidationcare.com/paydayloan/close-account.html. Are any of these store fronts? If so they are more than likely doing so legally and you will need to make arrangements on paying them back but looking again at your list I think you have paid more than enough...but like I stated before someone will be along shortly that knows alot more than I do. Good luck and keep us posted.

Posted: Fri Feb 22, 2008 4:23 pm Subject:

Thanks, These are all internet related, NO storefront transactions.

Posted: Fri Feb 22, 2008 4:35 pm Subject:

OK...let me list the info first:::

---------------------------------------------------------------------- ----------

Quote:
Florida State Information

Legal Status: Legal

Citation:
Fl. Stat. Ann. § 560.401 et seq.; Rule 69V-560.901-912

Loan Terms:
Maximum Loan Amount: $500
Loan Term: 7-31 days
Maximum Finance Rate and Fees: 10% + verification fee
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
Rollovers Permitted: None (cannot rollover)
Cooling-off Period: 24 hours
Repayment Plan: Yes

Collection Limits:
Collection Fees: All charges imposed on the lender by any financial institution; lender not entitled to treble damages
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Florida Office of Financial Regulation
Address: Division of Securities and Finance, 200 E. Gaines Street Tallahassee FL 32399
Phone: (850) 410-9805
Fax: (850) 410-9748
Regulatory Contact: ,

Emails to and from the DFI:

Hello,

Do internet based payday loan lenders with no physical location in FL need to be licensed by FL to lend legally to FL consumers? I am trying to help a friend with a huge mess. She has several internet payday loans, and they are saying that they only have to be licensed in their state, and that they can follow the laws of their state, not FL's laws. What is correct? Any information would be very much appreciated!

Thanks!

Reply:

She can file a complaint through our website at flofr.com and under 'helpful information' click on file a complaint. Then click on
finance related and you can download the form. Or click on money transmitters and call the 1-800 number. The Office will review her complaint when received. All lenders must be licensed by Florida, regardless of location, however, the current payday loan laws in place do not address internet businesses. The department is currently looking at other laws to apply to them.

She may also wish to contact Legal Aid in her area, to determine what recourse she may have.

If you have further questions, please contact this Office.

Office of Financial Regulation
Pam Henley
Financial Speci alist
(850) 410-9805

What does this mean?

Internet based companies must be licensed by FL.

No Rollovers are allowed.
_________________

Posted: Fri Feb 22, 2008 4:56 pm Subject:

OK....once you have digested the above information and read the notes on closing your bank account,.. You may be able to explain the situation to them and have them switch you to another account and block all debits...but this is unusual. Most of us had to close our accounts.

Looking at your loans they are all paid off and over paid according to your state law except Quick...where you still owe about $68.00.

You can find letters to send to each of them revoking their right to debit your account, stating your law and requesting a paid in full reciept. Any questions just ask!!

Posted: Fri Feb 22, 2008 5:12 pm Subject:

Thanks a lot, you don't (or you actually probably do) realize how much better I feel today than I did yesterday. This is literally killing me.

So if I have this straight, I should:

1. Send letters to the PDL companies revoking telephone contact, wage assignment and debiting my account.

2. Get account closed, or open new account. Making sure that the old account cannot be re-opned when the next batch of ACH hit.

3. Go have a heart to heart with my payroll director, giving her copies of all correspondence andmaking her aware of the laws for the State of Florida and to not assign wages to these PDL compaines.

Am I leaving anything out?

Thanks again, I can almost see a flicker of something at the end of this tunnel.

Posted: Fri Feb 22, 2008 6:19 pm Subject:

cue-Morningstar has posted some great info and glad to hear you are feeling a bit better.

All of us here have been through this or are at different stages in the process.

This site was a big part of me being able to get through it!

Glad you are here! Very Happy

And to answer your questions..Yes to all three.

Posted: Fri Feb 22, 2008 6:29 pm Subject:

The only thing I would add....close your account first....if they know you are planning that ahead of time they will go in and drain it!!!!

Cue...you WILL be fine. Last June I had 10 internet loans and have managed to close them all out with the help of my family here...

Posted: Fri Feb 22, 2008 6:42 pm Subject:

Thanks a bunch. My bank is VERY good. I will be there when they open on Monday. I hope all goes well.

Posted: Fri Feb 22, 2008 6:45 pm Subject:

Come on back and let us know how it goes. I hope you can rest a bit easier and have a great weekend! Very Happy

Posted: Fri Feb 22, 2008 6:47 pm Subject:

I'm just not looking forward to the harrasment from BIG and GFS Sad

Posted: Fri Feb 22, 2008 6:50 pm Subject:

You know...they are the same company and they can be nasty...I was lucky I told them not to call me at work and they didn't. Make sure you file complaints with your states attorney's office...they were great in helping me close about half of mine. Good luck and let us know what you need....

Posted: Fri Feb 22, 2008 6:50 pm Subject:

I hear ya....many of us have dealt with those morons!

Many of us just laugh at them with their ridiculous threats and remedial emails.

Posted: Fri Feb 29, 2008 9:51 am Subject:

Ok, here's an update. I went to the bank this morning. I had to wait until today as I had a car insurance debit I did not want to screw up. I knew that as of this morning everything would be clear and all legal/authorized debits would be finished.

I opened a new account. Transferred what little money was in the old account to the new account. All of my checks have been voided and my debit card as well. It will take 48 hours for my bank (which is actually an investment account) to generate a new checking account number as well as a debit card and checks.

I have been assured by 2 different employees that no ACH can re-open this account, and that nothing presented will incur an NSF fee or "re-open" the account.

All I can do now is hope they are telling me the truth.

I have filed complaints with the Florida Attorney General realting to each individual loan.

I have written C&D letters to each company pertaining to each individual loan. I used the one I found on this site as a template. I will mail these letters today. I did not want to mail these until I was positive that I had all my ducks in a row pertaining to my bank account.

Is there anything else I should do at this point?

Thanks again, this has been a very nerve wracking week anticipating what's going to happen next.

Sam

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