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 Posted: Sat Aug 25, 2007 7:29 pm
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What can anyone tell me about total lending and a company stating they represent them called united investigation department of law but when i look for their name i find nothing. i cross reference the phone number they call from and i get united federal bank. any info would help. they are threatening to arrest me Monday morning
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momuv3grls67
Joined: 25 Aug 2007
Posts: 21
Debtcc Points: 838
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Posted: Sat Aug 25, 2007 7:37 pm
Latest Blog Post : Decision |
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momuv...is this supposed to be a payday loan?? And their collection agency??
Your state lending laws are very vague...I will see if I can find anything...hopefully someone will come along soon with more info to help...
| Quote: | Legal Status:
Legal
Loan Terms:
Maximum Loan Amount: Not Specified
Loan Term: Max: 60 days
Maximum Finance Rate and Fees: Not Specified
Finance Charge for 14-day $100 loan: No Limit
APR for 14-day $100 loan: No Limit
Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: Three (renewals)
Cooling-off Period: 1 day if lender has renewed previous payday loan 3 times
Collection Limits:
Collection Fees: One $25 NSF fee + additional bank charges
Criminal Action: Not Specified |
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Morningstarr430
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Joined: 13 Jun 2007
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Posted: Sat Aug 25, 2007 7:43 pm
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total lending is an internet payday loan and i had an issue with them. the united investigations states they are an attorney's office representing total lending. when i cross reference the phone numbers they gave me i get united federal bank. i should of never done it but needed to not with the intention of being told i'm going to jail. they sound shady but at this point i don't know what to do. the people at united investigations had very very heavy accents yet said there names were names like paul walker and things like that. i just am worried now. i don't think jail will be my thing
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momuv3grls67
Joined: 25 Aug 2007
Posts: 21
Debtcc Points: 838
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Posted: Sat Aug 25, 2007 7:44 pm
Latest Blog Post : Decision |
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In my search for info under the names you supplied I didn't find anything for them listed however I did run accross an interesting article on payday lending in Oregon...dated 07/01/2007:
| Quote: | The End of Payday Lending in Oregon
Yesterday’s date of the first of July marked a momentous date in the state of Oregon, and in the state of payday lending. It was the first day of the hard-won law affecting payday loan and car title loan providers, capping interest rates on these controversial high-interest, short-term loans to just thirty-six percent. The law, which comprises four House and Senate bills that gained approval in the legislature over the last three months and were signed into law by Governor Ted Kulongoski, tolls the death knell of payday loans in Oregon. The interest rate cap has put state payday loan providers out of business, as they cannot continue to extend their payday loans under such a tight provision.
Oregon joins an ever-growing list of states that have effectively killed payday loans, either outright, or as a consequence of unrealistically harsh interest rate provisions. As payday loans are unsecured and historically targeted towards working poor and lower-income households that do not qualify for traditional bank personal loans due to sub-prime credit-worthiness, they constitute a high risk for payday loan creditors, which is reflected in their high interest rates. The thirty-six percent cap has immediately killed payday loan lending, as payday loan providers cannot make any money off the payday loan transactions.
Oregon’s new payday loan law also makes a strong impact on internet payday loan providers, who have historically managed to evade state payday loan regulations. Under Oregon’s twenty-four-hours-old payday loan law, internet payday loan providers will be subject to the same regulations – and cap – as storefront lenders when it comes to dealing with Oregonians. The ‘net component of Oregon’s payday loan legislation is, perhaps, its strongest and most distinctive quality, as internet payday loan lenders have long been among those most criticized for their rates and practices. |
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Morningstarr430
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Posted: Sat Aug 25, 2007 7:47 pm
Latest Blog Post : Decision |
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ok..please believe me ..these are indle threats! No payday lender can have you arrested..can you tell me how much the loan was for and how much they have taken against it?? Also please read the article I just posted...I would file a complaint with your state's attorney's office immediately...or call them Monday morning...
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Morningstarr430
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Posted: Sat Aug 25, 2007 7:48 pm
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I remember that article. My concern at this point is jail. I don't know who the company contacting me is or how serious to take the threat. I'm tempted to miss work Monday to avoid something happening. I considered telling the party calling me to meet at my attorney's office if they would like to take me in as they phrased it. I have never heard of a warning before being arrested but you never know
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momuv3grls67
Joined: 25 Aug 2007
Posts: 21
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Posted: Sat Aug 25, 2007 7:51 pm
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I borrowed $250 and have made one payment of $75. the second payment was submitted prior to the due date causing fee's on my acct. I disputed it with my bank. Not because I didn't want to pay the debt but because they debited my acct early. Thats when all the threats with this other company started
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momuv3grls67
Joined: 25 Aug 2007
Posts: 21
Debtcc Points: 838
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Posted: Sat Aug 25, 2007 7:52 pm
Latest Blog Post : Decision |
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ok..please believe me they can not, will not have you arrested...I just searched our google box at the top of the page for Total Lending...there are sevral threads about them...they are part of a payday group called GFSIL...I had a loan through them myself...they are an off shore based pdl and one of the most illegal...please search for yourself and see what some others have done..believe me they will not come knocking at your door...if you have been paying on this for awhile...you probably have paid the loan principle off...please relax..you will be ok.
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Morningstarr430
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Posted: Sat Aug 25, 2007 7:55 pm
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I've only been paying since July. I did this against my better judgement but we all get in situations from time to time in life. I know these people will be calling first thing Monday and don't know what to do at this point. Considered paying extra to change my number
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momuv3grls67
Joined: 25 Aug 2007
Posts: 21
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Posted: Sat Aug 25, 2007 7:58 pm
Latest Blog Post : Decision |
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Can I please ask...how much did you borrow and how much was taken back...were you paying through your checking account?? Did you close your account...many of us here have done the same thing..most of us had multiple loans taken out..one to pay the next etc. Your not alone and we can help you...do you have an email address for them??
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Morningstarr430
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Posted: Sat Aug 25, 2007 8:02 pm
Latest Blog Post : Decision |
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OK..I see your post about the loan...to pay back the principle you would owe them $175. They will continue to try to debit your checking account so you need to have they block it...some banks will put a hard debit block on your account. Many fo us have had to close the account and open another to stop the debits. There is an info link at the top of this forum with info you will need to read about that. If you must take their call...try to explain and ask to make payment arrangements..I'm going to read some of the other posts on them to see how they respond...
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Morningstarr430
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Posted: Sat Aug 25, 2007 8:10 pm
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ok...I know they can be a pain with all the calls etc..the next time you talk to these poeple tell them the gig is up...tell them you consulted an attorney or the state's attorney's office etc. and that you know you can not be arrested, etc. Tell them you will make payments to pay off the balance of the loan...they will probably request it be sent money gram or western union but you can insist on an address....my only fear is your cecking account...they still have your info and I wouldn't put it past them to keep debiting your account...so you do need to talk with your bank.
If you read here for awhile you will see we have all been through this kind of thing with our ipdls...you can take care of this...and be very grateful you only have one to clear. Your safe...
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Morningstarr430
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Posted: Sat Aug 25, 2007 8:12 pm
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i tried to get detailed information from the man who called threatening to arrest me. i borrowed 250 and he was telling me i owed 1000 but he could help me resolve this. the payments are coming from my bank acct. i work for the bank i bank with. should i close the acct. i'm not trying to fraudulently do anything. i have no issues paying what i owe. when they called they knew all my personal information.
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momuv3grls67
Joined: 25 Aug 2007
Posts: 21
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Posted: Sat Aug 25, 2007 8:19 pm
Latest Blog Post : Decision |
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Since you work for this bank maybe you can explain the situation...the faudulant activity and have them block it...otherwise I would close the account..but you have to check with your bank..sometimes when another debit comes through it forces open the account again and you can be hit with nsf charges then. You can email or fax the ipdl a cease and desist letter...revoking their permission to debit your account, demanding they deal with you by email instead of phone and revoking any wage assignments..
866-412-2369 phone
866-379-7667 fax
I found those numbers in a recent post about them...and I would definitely call your AG office or file a complaint asap...you can also file a complaint with the BBB...sometimes that can help to resolve a situation. Because of the new law in Oregon...I am betting the AG's office would be willing to help.
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Morningstarr430
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Posted: Sat Aug 25, 2007 8:36 pm
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so i just fax a letter stating that i don't want them to debit my account any longer and that further communication needs to go through my email do i mention the bbb or ag
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momuv3grls67
Joined: 25 Aug 2007
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