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I recently spoke to them about making a payment on my PDL and they want me to pay $ 510 for a $ 300 loan. I told them that the CA laws only can allow loans for $ 255 max and the guy on the phone laughed and said that because they are internet they do not go buy CA laws and even though they are based out of Oklahoma. have you guys heard of internet PDL companies claiming to be above the laws of the states you are in? Question

Posted: Mon Aug 18, 2008 3:05 pm Subject: reply

you bet i have.all MNE,MTE d/b/a's claim that stupid BS it's because there address is a p.o. box on an indian resrvation.that way they think any laws don't apply.they are not licensed at all either,but they don't let that stop them from there illegal ways.just keep at them.file AG COMPLAINTS if you already haven't.also FTC and BBB complaints.plus try not to engage them over the phone a complete waste of time and energy.

Posted: Mon Aug 18, 2008 3:09 pm Subject:

I already filed with the AG office regarding them but I am afriad they are going to debit my account for this amount now. Should i tell my bank to make sure this trans do not go through or tell United that I will not be paying the $510 amount? thanks for your input.

Posted: Mon Aug 18, 2008 3:23 pm Subject: reply

you must safeguard your bank account.either close it and open a new one or put it on a hard block.that means nothing goes out.make sure it can't be re-opened by pending debits.

Posted: Mon Aug 18, 2008 3:27 pm Subject:

well I am waiting to hear back from the AG office and intersting enough they looked up Unitedcashloans and said that they are licensed in CA and they have to obey the CA laws. Now that is interesting since everyone here is saying that they are not licensed for CA. Now this is I I think, if somehow they are than they need to go by our rules and if they are not after further review should I mail them a money order for the amount that I borrowed of $ 300 only? Thanks.

Posted: Mon Aug 18, 2008 4:07 pm Subject:

CLOSE YOUR ACCOUNT TODAY! Crying or Very sad

THAT WAY THEY CAN NOT ACCESS YOUR MONEY.
PS: I am sorry for shouting but these companies are getting on my nerves with their B___S_____!

Posted: Mon Aug 18, 2008 5:22 pm Subject:

Forget the AG. Contact the Department of Corporations. They're already suing United Cash Loans and have obtained a court order forbidding it to make loans in California. If UCL is still making loans there, the Department would probably be VERY interested.

Posted: Mon Aug 18, 2008 5:26 pm Subject:

I cant believe that MTE hasn't been shut down yet. Didn't the state of OK's department of banking send them a cease and desist a long freaking time ago?

Posted: Mon Aug 18, 2008 5:31 pm Subject:

I have one through ameriloan and I was looking over the contract via email and it said something interesting: Governing Law: By obtaining this loan and or renewal of this loan thereafter, both parties agree that this Note and your account shall be governed by all applicable federal laws and all laws of the jurisdiction in which the Lender is located, regardless of which state you may reside, and you consent to the exclusive exercise of regulatory and adjudicatory authority by the jurisdiction in which the Lender is located over all matters related to this Note and your account, forsaking any other jurisdiction which either party may claim by virtue of residency. Does this mean that they don't have to abide by CA laws then? I also saw that Ameriloan as well as Unitedcashloans have the cease and desist on the Ca Corp website. I guess they are in teh same boat.

Posted: Mon Aug 18, 2008 5:32 pm Subject:

The State of Oklahoma issued a C&D to Rio Resources, not MTE. Rio is a partner of the Miami Tribe. Since the Oklahoma address is on a reservation, Oklahoma has no jurisdiction to shut them down. (Although they are probably watching the cases in California and Colorado CLOSELY to if anything changes.)

Of course, even if the Oklahoma authorities could physically enter the reservation they wouldn't find anything. MTE simply lends the Miami tribe's name (and they argue, their sovereign immunity) to two lenders in Colorado and Kansas, who then use a bunch of different names to process the loans from their call centers there.

Posted: Mon Aug 18, 2008 5:36 pm Subject:

I have already left a message with a Dean Hawkinson or something in with the Dept of Corporations to contact me hopefully so i can ask him for advice. Thanks.

Posted: Mon Aug 18, 2008 5:41 pm Subject:

ameriloan, One Click Cash, 500 Fast Cash, US Fast Cash and United Cash Loans are the companies covered by the court order. (That's the key - any regulator can issue a C&D but they still have to go to court and enforce it. California did.) All of these operate out of Kansas - and aren't operated by any tribe.

Posted: Mon Aug 18, 2008 5:42 pm Subject:

jrodriguez, has someone previously posted the CA laws for you? I'm not positive, but doesn't CA require PDLs to be licensed in that state in order to lend to residents of that state? If so, then it doesn't matter what the contract says. They would still need to be licensed in CA to lend in CA.

You really do need to close your bank account and revoke ACH authorizations:

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

Also, you need to revoke any voluntary wage assignments, and give a copy to your employer also.

Posted: Mon Aug 18, 2008 5:43 pm Subject:

I do not mean to sound dumb, but what do you mean covered by the court order. Is it against them?

Posted: Mon Aug 18, 2008 5:47 pm Subject:

yeah, Unitedcashloans is trying to take out the $510 amount but I am having my bank block that transaction when they try so I can find out from the Ca Corp Dept on what to do with UnitedCashloans and ameriloan. I am trying to figure out what to do with my PDL's that I have with :

Unitedcashloans
Ameriloan
Sandpoint
FTR processing
VIP payments
EZ payday cash
discount advances

Thanks.

Posted: Mon Aug 18, 2008 5:49 pm Subject:

Yeah , I am pretty sure confident that they have to be licensed in Ca to transact these PDL's so if that is the cas then what is worded on there supposed contract would be viod.

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