One Click Cash

I just got off the phone with a lady at one click cash. Needless to say she was VERY rude. I am asking the status of my account. I had a $300 loan back in Feb. I have paid 270 so far. I intend on paying the rest of the money I owe...but do not want it debited from my account any longer. I asked for an email or something in writing stating a payment agreement. She told me that she couldnt' do that because they are a paperless company. I asked how they could send me the first email if they were considered paperless. Also how they can accept faxes if they are paperless?? Is this just a way of them not having a paper trail?
How should I proceed from here. I planned on sending them another fax asking for the payment plan. They are saying that I owe $460 even though I have made $270 in payments.

Mepate- trying not to have a paper trail is exactly what they're trying to do. In your next fax, try sending them one of the sample letters from the forums, letting them know that you are revoking their authorization to debit your account, and that you are willing to work out a payment plan for the remainder of the debt. You can tweak the letters on this site to fit your needs, regarding how much your loan was for and how much you've paid so far and the interest rates of your state. What state are you in?

What does your contract say? Give it a read and then act. It seems that the longer you try to avoid them the more it is going to cost. Sorry but sometimes I think some work to hard to try to avoid paying back and not enough time living up to their end of a contract.

mepate, you need to take precaution toward any hits on your bank account. Even though they are working out a payment plan with you, they can at any time, send through an eft on your bank account if you do not send them a payment. My suggestion, first close your account, you can open a new one with the same bank. Then, you are in a better position to argue the amount they state you owe.

They need to give you a copy of your agreement if you request one. They might be paperless but guaranteed, your agreement is online. No reason they can't email it to you..........

Good point KittieKat... even if you send them a letter telling them they can't debit your account anymore, we've all seen how sneaky these places can be. Even though it's kind of a pain in the butt, closing your account is the best move because then they CAN'T take any more money out, and if the want you to pay them, they'll have to work with you some- otherwise, they can't get anything from you.

Another note, if you pay what they want, you have paid $730.00 on a $300.00 loan. You need to check your state usury laws to see if this is legal. What state do you live in?

I live in Texas. I have already taken care of things at the bank. That is why they emailed me in the first place. They did say they would take payments through western union. I don't have a problem paying what I owe. But I don't see how I could still owe $460 if I have already made $270 worth of payments.

oops last one was me forgot to sign in.

Great, you bank account is in order and that is most important. My suggestion, request they email you your original loan document, which you know they have and a payment history. Tell them you need documentation of the balance due prior to making any further payments. They will have to comply if they want $ from you

I'm in TX also. These are the current rates allowed:

. The interest permitted on cash advances under $2500 is $18 for each $100 loaned per year (Texas Finance Code 342.200). As an alternate interest charge provision, the Texas Office of Consumer Credit Commissioner has instituted a $10 upfront fee, plus $4 per $100 loaned per month on short-term loans (equal to 48% apr) (Texas Finance Code 342.252 (3)). Additionally, all such loans that rollover more than two times must be converted to a declining balance loan with a set repayment schedule.

That $460 they're quoting you is their "interest" fee per pay period for rolling over the loan to the next pay period, and it usually takes several rollovers (according to the pdls) before any of that money goes toward the actual principal of the loan. This is why everyone is saying that your best bet would be to close your checking account against any further activity, and send them a fax telling them you'll pay the remainder of your actual debt, but no more, and if they want any money from you, they'll have to work with you some.

Also, one click cash is not licensed to lend in TX, so that give you some protection against their violation of TX interest charge caps on short term loans.

Thanks for all your help. I am in the process of typing up another letter to them. I hope to get it faxed to them this afternoon.

Is oneclickcash license in PA.

Has anyone else noticed that sometimes the "guests" that post on this site are negative and seem to be in favor of the pdl's?

Those are probably the pdl's posting because we all know they watch this site.

what is a phone number that i can call to talk to someone from one click cash