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helpinCA · Posted: Mon Aug 27, 2007 1:33 pm Subject: CA-PDL Help Please

Hi everyone...So I am in a boatload of issues here with PDL's and I cannot stop the madness. I am even thinking of having to get a second job to pay for these things due to the "refinance" fees..

What is (if any) the recourse of the internet pdl is not licensed in CA?
The following are the pdl's, all internet:

Eastside Lenders, Cash Transfer Centers, payday loan yes, one step cash,cashcetnral.com.

Any help would be much appreciated!

PS-I did register but didnt want my name showing up...

Posted: Mon Aug 27, 2007 1:41 pm Subject:

Go to the top of the page, under the search box to edit profile- and you can remove your real name, and have a screen name.. Here is a link for the PDL laws for California at http://www.paydayloaninfo.org/state_detail.cfm?id=CA I'll do some checking on the companies and get back with you..KAren

helpinCA · Posted: Mon Aug 27, 2007 2:32 pm Subject:

Thanks Karen...wow,took a look at the link you posted and yikes...how are these pdl getting away with loaning me over $300 and charging me the kinds of fees?

Posted: Mon Aug 27, 2007 3:08 pm Subject:

I don't know how they get around it...but it is HIGHWAY ROBBERY!!!!!!!!! I mean once you pay back the principle that you have borrowed that is good enough. But they really rack you on their roll-over fees, and interest fees and such.

ladybug

helpinCA · Posted: Mon Aug 27, 2007 3:55 pm Subject: aggh...

It wont let me change my username... Sad

Also, too late to close my account until after 8/31 otherwise my direct deposit will be re-routed to a paper check which takes 7 days.

I have a sole account (under my married name) and I am a co-holder on an account with my husband (maiden name)...both at the same bank. I am going to close my sole account and just use the account with my husband.

This was the most bonehead thing I have ever done...I cant believe I let myself get this deep with these pdl's. Embarassed

Posted: Mon Aug 27, 2007 4:24 pm Subject:

help...please read this before closing your account:

http://www.debtconsolidationcare.com/paydayloan/close-account.html

Posted: Mon Aug 27, 2007 7:05 pm Subject: reply

help, jumping in for just a second! First of all, I'm posting your CA law so everyone can see. This way we're all on the "same page". NONE of your pdl's are licensed/legal. They all have charged you too much on rollover/extension fees since your state prohibits them. Whatever you borrowed (principle amount only) is what you owe. No fees/no rollovers. But, one a very important note, you need to send Cash Transfer Centers (very illegal) a letter stating that you revoke any wage assignment you may have signed with them. You need to do this ASAP. They will attempt to send a letter of wage assignment to your employer. A wage assignment is voluntary on the part of your employer. However, most employers do not know this and will give your money to these people out of your paycheck. You need to type a letter revoking this ASAP, send it to Cash Transfer Centers, give a copy to your payroll person, and keep a copy of it yourself. Do this ASAP. These are all unlicensed pdl's. And, as morningstarr posted, read about closing your account. Be cautious. Make sure any pending pdl debits will not force it back open. On a positive note, criminal action is prohibited in your state. Here's your laws for all to see. Very Happy

Jumping off now!

helpinCA · Posted: Tue Aug 28, 2007 9:13 am Subject: Thank you!!

Thanks for all of the help...you all are great! For the first time last night, I slept and woke up this AM knowing that I had a direction to get out of this mess. Very Happy

I know there is work to be done and I am going to stick this out until the end. Knowing I have the law on my side and you all for support helps a lot..

So, where to start.

Does anyone have a letter I can send to CTC to revoke the wage assignment?
Does anyone have a letter I can send to the pdl's to stop the drafts? I can certainly draft one citing the CA law, but if there is a successful copy out there that I can use, please share.

I am going to read the topic about closing your account too. As mentioned, I cannot take any action on my account until after 8/31 and its too late to stop the 8/31 drafts.
I will absolutely pay back the principal of these loans, but if they were not supposed to loan me more than $300, then what?

Deb

Posted: Tue Aug 28, 2007 9:24 am Subject: reply

help, the letter to CTC is too easy. You need to do this NOW. All you have to do it type up a letter stating:

NAME OF PDL
ANY INFORMATION/ADDRESS/PHONE/FAX/EMAIL/WEBSITE

I hereby revoke any wage assignment I may have signed with your company, your partners, or any of your affiliates.

TYPE YOUR NAME
(Put you ss# so they can "find your file")

Plain and simple. Nothing fancy. Keep a copy, send them a copy, give a copy to your payroll. Short and sweet. Just to cover your butt if they try to pull it on you.

As for a letter, I have one, however, if you were to register, I could pm a copy to you. You are still considered a "guest", which is fine. You do not have to register if you don't want to. If you want, you can go to the "do it yourself" link at the top of this site page. Read through the letters, pick and choose from each one, and draft up your own letter. It's up to you. Just be sure you cover all the bases. Revoke their debit authorization. Revoke any wage assignments you may have signed. Inform them not to contact you via telephone, only via email or USPS only. State your state pld law. Include what you have borrowed and what you have paid. Ask for a refund if you overpaid. Ask for a PIF if you've paid the principle amount. Tell them you'll pay them xxx dollars to pay the principle amount in full. Since these are all illegal pdl's, just pay the principle amount borrowed. Do not pay the illegal fees they are charging you. Any questions, just post. Very Happy

Posted: Tue Aug 28, 2007 9:32 am Subject:

Hi cannr-I am registered but cannot figure out how to change my user name. I went to change profile, but would let me change that field.

I am drafting the letter to CTC and sending today via certified mail.

If I can get the other letter, that would be great.

You all are great!

Posted: Tue Aug 28, 2007 9:52 am Subject:

Glad you registered!! PM Mike and he can help you with the user name change.

Be sure and deal with Cash Transfer center as soon as you can! And always keep copies of any correspondence, calls anything for your records- this has come in handy for me later, when I can pull it up and they don't think I have anything!1 Keep us posted on your progress and good Luck..KAren Very Happy

Posted: Tue Aug 28, 2007 10:00 am Subject:

Thank you bossy...just sent him a PM.

you will be seeing me update very frequently...probably with more questions Embarassed

Posted: Tue Aug 28, 2007 10:06 am Subject:

That is perfectly ok!! I probably drove everyone nuts when I came on, but they never complained, just helped! We are her to help you, and while we are no experts, we will help gude you to teh places to get your answers- so ask away!!..KAren Very Happy

Posted: Tue Aug 28, 2007 10:12 am Subject: reply

I see you have "pm" now under your posts. I'm going to send you a "pm". Check your messages to see if you get it. Respond to me. Once we know what we're doing, I can "pm" you a letter to send to your pdl's! Very Happy

Posted: Tue Aug 28, 2007 10:35 am Subject:

Mike helped me with my new username!!

Posted: Tue Aug 28, 2007 10:38 am Subject: reply

volley, that's because Mike is actually an ANGEL in disguise! We've got the pm thing going on now, my friend! Very Happy

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