Internet's first get-out-of-debt community - 134,000 members

April · Posted: Wed Aug 16, 2006 4:43 pm Subject:

Christy,

I say let them do their worst - which is nothing! Notice that unlike most debt collectors, they don't threaten you with legal action. That would require them to come out of the closet, so to speak, show their faces and allow themselves to be subjected to the law. Which they won't do because these are illegal loans in every state in this country.

Zygon · Posted: Wed Aug 16, 2006 10:07 pm Subject: I do want to help

Zup...
look every one i do want to help u, but not just u guys, everyone that this scam company taking advantge of, hell i think i have spoke to some of u already on the phone...but i dont know if i should beacuse it may cost the job of 500 good hard ppl here and i dont know how many up in India...most the ppl i call asking the for money are mother and father like my'n. pliz try to understand i really want to help but i dont to caz more harm then good...

Posted: Thu Aug 17, 2006 6:58 am Subject:

Zygon-

It's rare to see someone in your business that shows a sense of compassion for both sides, so we do appreciate that. And I'd also like to thank you for being pleasant to the forum members in your posts. I understand your concern for job loss; but at the same time, I can;t tell you how many people here have forked over money that should have gone to food, a car payment or mortgage payment, their children, school payments... the list goes on. We would be very grateful if you decide to help us out a bit- everyone here gets on this website everyday either to get help or to hope they can help someone else stay out of the situation they've been in.

Guest · Posted: Thu Aug 17, 2006 7:34 am Subject:

question, i took a loan from them for 200 dollars and since i havent been able to pay for it they keep charging me 59 dollars every week is there anyway that you can just pay them by small amounts because there are making money out of me. they have taking like 300 dollars and they are still telling me that i have to pay 259 still. that is crazy. does anyone knows what i should do

Posted: Thu Aug 17, 2006 7:56 am Subject:

Unfortunately, not everyone at Route 66 is as pleasant as Zygon, who posted above. Send a letter or an email to Route 66 either asking for a validation of the remaining debt, or state that you've paid the loan amount plus a finance charge back in full and that they no longer have your authorization to debit your account. Take a copy to your bank, and ask if they'll block the debits from Route 66. If not, is it possible for you to close out your checking account and open a new one? I know it's a pain, but if your bank can't block their debits, sometimes it's the only way to keep from having more money taken from you. Send the letter certified mail with return receipt, (you can email and fax a copy as well- why not cover all your bases?) and then show your bank a copy. Sign up with the forums here- it's free, and you can learn so much about protecting yourself in these kinds of situations.

Guest · Posted: Fri Aug 18, 2006 9:29 am Subject: Route 66 Funding

They are a bunch of crooks. I am on hold with them right now. I paid so far over 300.00 and I borrowed $200.00. I called and made an arrangement with the company to send in a money order. They drafted not one but TWO 79.00 fees from my account this pay period.

CaraLD · Posted: Sat Aug 19, 2006 12:27 am Subject: Crooks, they are

I looked at my electronic bank account yesterday, only to note that they had debited my $59 payment THREE times, which was not something I ever agreed to, either over the phone or in writing. I am furious, as I already have my bank threatening to close my account due to being overdrawn. I need money to live on, and these people will not refund the extra two debits.

Absolutely at my wit's end.

CaraLD · Posted: Sat Aug 19, 2006 1:01 am Subject:

And if they only charge the $59 processing fee for every TWO weeks, then why the hell was I debited THREE times in one pay period??

CaraLD · Posted: Sat Aug 19, 2006 1:12 am Subject:

If anyone has any ideas on how to find a lawyer to take this, pro bono, in Wisconsin, please let me know. I'm fighting this one tooth and nail.

Posted: Sat Aug 19, 2006 2:21 pm Subject:

CaraLD, complain the unauthorized debit by Route 66 Funding to your state attorney general's office. They will take necessary actions in resolving this problem because Route 66 Funding already has many consumer complaints in different states. More complaints from people will initiate them to take their actions faster.

CaraLD · Posted: Mon Aug 21, 2006 8:34 am Subject:

Thanks Christina, I just took that advice, and now all I need to do is wait to hear back from them. I fail to see how it ISN'T illegal to continually debit the payment from our accounts, and NOT apply it to the loan principal. Even if we did supposedly agree to it.

CaraLD · Posted: Mon Aug 21, 2006 10:25 am Subject:

Alright, Inside Guy. If this isn't a scam of some sort, then tell me...

Why is it that I have been reading up all morning on a phone number from Hawaii (808-212-0041, for those who are curious) that I have gotten THREE calls from so far today. Interesting that all the reading I've done online about this is that it's a scam and you shouldn't fall for it.

Each person on the other websites that I've been reading has gotten a call from this very same phone number, each time having the person on the other end identify themselves as a different person.

And explain to me WHY, when I finally answered the third call and actually had someone SAY something back to me when I answered, this phone number came from Route 66 Funding, asking me for still MORE money?

Don't you DARE say this isn't a scam. Because it is. As soon as I am able to pay off the remaining part of my balance, I will do so. Until then, STOP BUGGING ME!

inside man · Posted: Wed Aug 23, 2006 5:47 pm Subject:

well, I simply don't understand how people take out loans and then they decide they are not going to pay anymore. People you must remember it is a pay-day loan meaning we loan u an x amount and you promise to pay it back on you following payday with the fee for the loan. If you do that then you will not have a problem, your loan will be paid in full and the account closed.However if you can not pay the loan back on your payday you can simply pay just the fee you incured for the use of the loan until your payday, however if you decide to keep the loan until a next payday you will again incur a fee for the use of the loan during each subsequent payday until you pay back the original loan amount. This is so simple I don't understand why people still wonder why they owe 200 dollars(the original loan amount) even after they have paid several hundred dollars. It is because on every payday you decided to pay just the fee to extend your loan instead of the fee plus the original loan amount.
Let me put it to you like this. Payday loans are like renting a lawn mower for 20 bucks a day. The longer you keep the lawn mower the more rent you pay. If you keep it for 10 days you will have rented a 150 dollar mower for 200 dollars, and you still have to give the mower back. You can't tell the owner your going to keep the mower because you have paid more than it is worth. This same principle applys to payday loans. The longer you keep the original loan amount the higher the cost and you still have to pay the original value of the loan back. I hope this explains it better, It is not a scam, It is a service for anyone who needs cash fast.

christy0076 · Posted: Thu Aug 24, 2006 5:57 am Subject:

I am amazed. I just got an email from them saying they will accept money orders. Now why is it 2 months ago I explained my account had been closed and I had to send a money order and "JACKIE" got so hostile and rude with me and said under no circumstance do they accept money orders. How strange that all of a sudden they magically do.

beverly · Posted: Thu Aug 24, 2006 12:56 pm Subject: They wont quit calling

My hubby told them 5 times already he did not want the loan and to quit calling. Now they keep saying they never talked to him and call every 5 minutes. Its getting ridcolous.

Charese · Posted: Fri Aug 25, 2006 7:10 pm Subject: Same Here

I was called and refused the loan and before I said I'm not interested they hung up + they called 3x in one day 3 different people.

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