| Author |
Message |
|
|
 Posted: Tue Apr 01, 2008 6:10 pm Subject:
|
|
|
I am the exact same way...I avoid talking about anything that makes me uncomfortable,. My husband was out of work, then hurt and could not work. I just borrowed rather than tell him...probably because he already knew...he needed to find a job and then that he needed to return to work asap...then I did not tell him how much I borrowed? Not until I realized I would have no money left for anything? Because of the PDL's?
You can do it if I did.
|
|
egyptcrossarabs
Joined: 18 Jan 2008
Posts: 257
Debtcc Points: 4707
|
|
|
 |
|
Posted: Tue Apr 01, 2008 8:11 pm Subject:
|
|
|
I also kept the PDL's hidden from my husband.
You will be fine at the bank...have courage  Get them on your side and they are your best ally.
You will soon be able to pay your "real" bills and finally gain control of YOUR money!
|
|
volleyballmom
Debt Samaritan
Joined: 27 Aug 2007
Posts: 4178
Debtcc Points: 24895
|
|
|
|
Posted: Tue Apr 01, 2008 8:16 pm Subject: crazy loans
|
|
|
okay. so i closed my account completely. i actually already had an account opened. i just never put any money in it. So i just transferred my money to this account. its NOT linked to the old account. i kept asking if it was, but they said its separate ( i actually already had a ATM card FOR it..but i thought the envelope was a CC or something lol) anyways, i will call again about their ACH policy.. but i know that these illegal loans wont post til the 12th. they kept stating nothing will go thru cuz its closed...
soo okay now what? i send off the letters to all these companies?
_________________
Register today to encash debtcc points.
|
|
cnina0224
Guest
Debtcc Points: 100
|
|
|
|
Posted: Tue Apr 01, 2008 8:18 pm Subject:
|
|
|
hey cnina...I posted onto your other thread. I have a california specific letter that I can post for you tomorrow. Gotta run for the night but will be back tomorrow AM. Have a good night!
|
|
volleyballmom
Debt Samaritan
Joined: 27 Aug 2007
Posts: 4178
Debtcc Points: 24895
|
|
|
|
Posted: Tue Apr 01, 2008 10:25 pm Subject:
|
|
|
volleyballmom, if i could get the california letter also that would be great! Thank you for all of your help and support. I will let you all know how it goes in the morning after going to the bank! Goodnight!
|
|
momof1_1990
Joined: 31 Mar 2008
Posts: 95
Debtcc Points: 2043
|
|
|
|
Posted: Wed Apr 02, 2008 8:21 am Subject:
|
|
|
momof-
Here is a letter to send to the PDL's with the California specifics in it. Send this only after your account has been closed.
In the 4th paragraph where you see <or>, choose the scenario that fits.
| Quote: | Date
Name and address of the PDL
After doing research on internet payday loan laws in the State of California, I have found that your internet payday loans are actually illegal. I have also found the following laws to be true applying to payday loans in the State of California in general:
California State Information
Citation:
Cal. Fin. Code §§ 23000 to 23106
Loan Terms:
Maximum Loan Amount: $300
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: 15% of check
Finance Charge for 14-day $100 loan: $17.65
apr for 14-day $100 loan: 459%
Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot charge fee for extension)
Cooling-off Period: None
Repayment Plan: Voluntary (no fees may be charged in conjunction with payment plan)
Collection Limits:
Collection Fees: $15 NSF fee
Criminal Action: Prohibited
After finding out that your internet payday loans are illegal, your company should actually not issue loans to California residents at all.
I have contacted the California Office of Financial Institutions and the California State Attorney General’s Office regarding your internet payday loans and was informed they are indeed illegal in California and was advised to pay what is due according to principle amount only of the loan.
I have currently paid XXXX DOLLARS on my XXXX DOLLARS loan. The legal amount that could have been charged to my loan is the principal amount of XXX DOLLARS even if your internet pay day loan was legal in California. I have paid XXXX DOLLARS on this loan by your debits of my bank account and only owe XXXX DOLLARS to have this paid in full. I am willing to pay the amount of XXX DOLLARS to pay the principle amount of the loan only, as advised by my Department of Financial Institutions and the California Attorney General's office. <OR> I demand that you mark my account Paid in Full as I have fulfilled in remittance of the principal amount of the loan. <OR> I demand that you mark my account Paid in Full as I have fulfilled in remittance of the principal amount of the loan and send me a refund of $XXXX.
<OPTIONAL>
I demand that any contact be made through US Postal mail or email only. I will need everything in writing to keep accurate records of all communication as per instruction from the California Attorney General's Office.
I prohibit you or your affiliates to contact me via telephone at my place of employment or my home telephone number. I also prohibit you from calling my references listed on my loan. Once I inform you of this, you must stop the telephone contact immediately or you will be once again breaking the laws of the State of California.
You are also hereby notified that I am revoking any voluntary wage assignment I may or may not have signed. I no longer authorize you, your company, or your affiliates to attach any part of my wages or contact my employer for your collection purposes.
I am revoking your right to debit my checking account any longer. You, your company, or your affiliates are not authorized to debit my checking account at all. Please be aware that I have informed my financial institution of this situation and they will also be receiving a copy of this correspondence. Any further attempts at debiting my account will be rejected by my financial institution.
I must also inform you that I have filed complaints with the Better Business Bureau, the Federal Trade Commission, and the California Attorney General's Office.
I expect a response from your company no later than XX DATE, regarding this matter. This response may only come via US Postal mail or email. No telephone contact is permitted.
Please respond by XX DATE, regarding this matter by US Postal mail or by email only.
Your name
CC:
Better Business Bureau
California Attorney General
Federal Trade Commission |
|
|
volleyballmom
Debt Samaritan
Joined: 27 Aug 2007
Posts: 4178
Debtcc Points: 24895
|
|
|
|
Posted: Wed Apr 02, 2008 8:33 am Subject:
|
|
|
Thanks, Volleyball mom! I am off to the bank in about 1/2 hour. Will let you know what happens.
_________________
Register today to encash debtcc points.
|
|
Guest
Debtcc Points: 100
|
|
|
|
Posted: Wed Apr 02, 2008 10:07 am Subject:
|
|
|
So I just got back from the bank and they were so nice!!!! They put a hard debit block on the account and then told me to come back Friday after my paycheck hits and they will close the account and open a new one for me. The lady that helped me had herself gotten into trouble with PDL's. She was very understanding and helpful. She assured me that once we do close the account no charges will come through. WHEW!!! What a relief. Now, I guess I need to get letter's out? I do have a question, there is one PDL that I used that was legal here in California, so should I call them on Friday and make arrangements with them instead of sending a letter? Thank you everyone for all of you help and support. I could not have done this without any of you. I am sure I will have tons more questions coming soon.
|
|
momof1_1990
Joined: 31 Mar 2008
Posts: 95
Debtcc Points: 2043
|
|
|
|
Posted: Wed Apr 02, 2008 11:28 am Subject:
|
|
|
Yet another question. I see that many people have emailed these letters to their PDL's, can I do that as well or do I need to send out physical letters? Also, my question from the above post about the licsensed PDL still stands?
|
|
momof1_1990
Joined: 31 Mar 2008
Posts: 95
Debtcc Points: 2043
|
|
|
|
Posted: Wed Apr 02, 2008 11:43 am Subject:
|
|
|
Mom, you are making great progress. My advice would be to always communicate in writing as much as possible so that there are no misunderstandings and they can not say you have avoided them, especially the one that is legal. If you send them a letter certified return receipt (crr), you have proof of your communication. I sent my letters and emailed and faxed them. I know sending them crr gets expensive...it is your call. The one that is legal, I would be sure whatever you do, get the terms in writing. I know I am paranoid, but I do not trust anything these companies say without seeing it in writing. Someone else may have a different idea,but I have learned, if it is not in writing it does not exsist.
_________________
In life it doesn't matter
how hard you hit, it matters
how hard you get hit
and keep moving forward.
Last edited by RoxyNY on Wed Apr 02, 2008 11:45 am |
|
RoxyNY
Moderator
Joined: 03 Aug 2007
Posts: 4093
Debtcc Points: 11406
|
|
|
|
Posted: Wed Apr 02, 2008 11:43 am Subject:
|
|
|
Hi momof-That is great news about the bank!!!!
Your legal PDL...CashnetUSA right? I sent them the letter and in it, I proposed a payment arrangement.
Personally, and I think many of us have here, emailed and sent the letters via certfied mail. Anything to get it there!
|
|
volleyballmom
Debt Samaritan
Joined: 27 Aug 2007
Posts: 4178
Debtcc Points: 24895
|
|
|
|
Posted: Wed Apr 02, 2008 11:59 am Subject: sending out letters
|
|
|
okay did i do THIS excerpt right?
I have currently paid 775.00 DOLLARS on my 750.00 DOLLARS loan. The legal amount that could have been charged to my loan is the principal amount of 123.53 DOLLARS even if your internet pay day loan was legal in California. I have paid 775.00 DOLLARS on this loan by your debits of my bank account and owe 0 DOLLARS to have this paid in full. I demand that you mark my account Paid in Full as I have fulfilled in remittance of the principal amount of the loan.
i wrote this because 1. max loan is 300 2. the amount charged is off of a 700 dollar loan..
so since its finance fee is off a 700 dollar loan, and max amount is 300.. did i word this right? or should i put the calculation of PDL interest for 300?? help!
_________________
Register today to encash debtcc points.
|
|
cnina0224
Guest
Debtcc Points: 100
|
|
|
|
Posted: Wed Apr 02, 2008 12:04 pm Subject:
|
|
|
Hey cnina....saw your info on your thread 
|
|
volleyballmom
Debt Samaritan
Joined: 27 Aug 2007
Posts: 4178
Debtcc Points: 24895
|
|
|
|
Posted: Wed Apr 02, 2008 12:16 pm Subject: thanks!
|
|
|
yeah im soo trying to get these letters out!! aslo, im ccing the BBB Attorney general and FTC with my letter correct? should i send these letters certified as well? do i have to FILE a complaint against them? or whats the deal?? lol i know tons of q's.
_________________
Register today to encash debtcc points.
|
|
cnina0224
Guest
Debtcc Points: 100
|
|
|
|
Posted: Wed Apr 02, 2008 12:20 pm Subject:
|
|
|
no prob with the questions I am going to post your info onto your thread so we can keep it all organized.
|
|
volleyballmom
Debt Samaritan
Joined: 27 Aug 2007
Posts: 4178
Debtcc Points: 24895
|
|
|
|
Posted: Wed Apr 02, 2008 5:52 pm Subject:
|
|
|
Okay, I am having trouble finding a few addresses. I was wondering if anyone here has them. They are
Amcash or ACC???
356fastcash
Cash Advance Network
AIP/Cashrelease
Worldwide Cash
Any help with these would be aprreciated. Thanks!
|
|
momof1_1990
Joined: 31 Mar 2008
Posts: 95
Debtcc Points: 2043
|
|
|
|
