i was called on my job by a liz hart who informed me tht if i didn't have the money in by tommorrow,they was sending the info to universal fidelity to proceed with collections from my wages through the courts. this uf is located in texas where i am from and they have shady dealings as well. my question is can they do that and if not how to solve the issue because i don't have all of the money and ctc won't take nothing less. :?: :twisted:
CTC must give the actual standing of your loan account first. Most of the charges put by them are disputed and above the state laws. Without this information correctly given, they will not have a legal stand. Just make sure that you cover your base with all documentation. You need to have everything in writing for proving your actions.
Is there anyway you can report this fraudulent activity to your bank? They would do an investigation and most likely put the money back into your account.
Cash Transfer Centers LTD
also dba
Northway Financial Services LTD
and E CARE CONTACT CENTERS LTD
I got the same run around from them.....
Quote:
September 21, 2006
Dear
This correspondence is being sent to you with regard to a loan that your employee, , has obtained from Cash Transfer Centers. This loan is currently outstanding.
We would like to confirm a few pieces of information provided to us by, so that further assistance can be provided to him/her in resolving this matter. In the event that is unwilling to voluntarily resolve this outstanding issue, we will be forced to take further action which may require additional assistance from this payroll department.
To assist in preventing this matter from escalating further, we are requesting confirmation of the following information:
Is SSN listed as?
Is position listed as a?
Is your mailing address , , , , ?
Was last pay day on August 31, 2006?
, given the importance and urgency of this matter, we look forward to receiving your prompt response via e-mail (reply to this email) or to the toll free number referenced below. Please note, however, that any contact between your employee and Cash Transfer Centers with regard to this issue must be conducted via telephone at the number referenced below so that important information regarding resolution of this outstanding issue can be provided directly to. Thank you in advance for your assistance and cooperation in resolving this matter.
Sincerely,
Account Manager
1-866-567-0888
cc:
Cash Transfer Centers Ltd.Loan Number: 29059507Loan Repayment Date: August 31, 2006TOTAL DUE AS OF September 21, 2006:$1,455.00
September 21, 2006
Dear,
This letter has been sent to remind you that your loan is still outstanding with CashTransferCenters.com. We value your business and want to assist you with your future financial needs.
CashTransferCenters.com would also like to bring to your attention that you are still able to loan up to $1500 until your next payday, and the process to receive the funds is simple and fast!
In order for us to issue another loan to you, we will require an immediate payment of your outstanding loan. Please call Naaz Smith at 1 866 838 4216 right now to discuss repayment. If you fail to make this payment, we will need to activate the next step in collections efforts on your account.
We do not feel as though this situation should involve any other parties, however; without your cooperation we will be forced to take alternative action.
Please remember that once the payment is received, you will be able to receive another loan within the hour, and a representative will be happy to assist you to ensure the funds are in your account quickly.
To make the full payment of your loan, please follow one of the payment instructions below.
Western Union Quick Collect (blue form)
Payable - E CARE CONTACT CENTERS LTD
Code City - ECARE
Code State - DE
Loan or Reference Number - Loan Number
Moneygram Express Payment (blue form)
Receive Code - 4476
Payable - E CARE CONTACT CENTERS LTD
Loan or Reference Number - Loan Number
City - Please leave Blank
State - Please leave Blank
To find the Western Union location nearest to you, call 1-800-325-6000 or visit westernunion.com.
To find a MoneyGram location nearest to you, call 1-800-555-3133 or visit moneygram.com.
If you need to further discuss the payment of your loan, please call
1 866 838 4216 immediately.
Thank you for your co-operation,
Naaz Smith
Account Manager
Direct Phone: 1 866 838 4216
Northway Financial Corporation LtdLOAN AGREEMENTCustomer Name: Date: 8-16-2006 (Month/Day/Year)
Customer Address:
Customer Bank: Customer Bank Account #:
SSN: In this Loan Agreement (this "Agreement"), the words "you" and "your" mean the customer who has signed this Agreement and who is identified above. The words "us", "our", "we" and Creditor mean the lender in this transaction, Northway Financial Corporation Limited, conducting business in and incorporated under the laws of the Republic of Malta and duly licensed by the Malta Financial Services Authority. The word "Broker" means the broker in this transaction, Northway Broker Limited doing business as Cash Transfer Centers. Carrying on business in and incorporated under the laws of the Republic of Malta duly licensed by the Malta Financial Services Authority.Promise to Pay: You promise to pay the "Total of Payments" shown in the box below on the due date shown in the "Payment Schedule" in the Disclosure box below, including the:Broker Fee of: $ 275.00 due to the Broker in consideration for the services which the Broker provides to you.Amount Financed of: $1100.00 repayable to us, and Loan Charge of: $ 22.00 due to us.Other Terms: You authorize us or our financial institution to debit your Account through an Automated Clearing House ("ACH") debit at any time on or after the Loan due date for the Total of Payments. If there are insufficient funds in your Account on the day we debit your Account, a $29 fee for insufficient funds will be charged by us and debited from your Account by the Broker. If we must send your Loan to a collection agency, you agree to pay any collection fees and reasonable attorney fees and other costs to collect the Loan.You acknowledge that the Total Amount payable under this loan agreement has been pledged to third parties. Because this Agreement is not made until we have accepted it at our office in the Republic of Malta, the laws of the Republic of Malta shall apply to this Agreement. We provide you the following disclosures solely for the purpose of helping you to understand your transaction with us.
ANNUAL PERCENTAGE RATE The cost of your credit as a yearly rate. 657.00% FINANCE CHARGE The dollar amount the credit will cost you. $297.00
Amount Financed The amount of credit provided to you or on your behalf. $1100.00 Total of Payments The amount you will have paid after you have made all payments as scheduled. $ 1397.00
Payment Schedule: One payment in the amount of $ 1397.00 due on 8-31-2006 (Month/Day/Year) Security Interest: You are giving us a security interest in your ACH debit in the amount of Total of Payments, plus applicable NSF, collection and reasonable attorney fees. Prepayment: Even if you pay the Loan prior to its due date, you must pay the full finance charge. There will be no refund on any part of the finance charge. Cancellation: You have the right to cancel this Agreement by sending us a Cancellation Notice signed by you (located on the Loan Status page of this website) by facsimile to 1-866-809-4069, prior to the earlier of the time we advance the Loan to you or 24 hours after the time we sign this Agreement. If you cancel this Agreement, you will not receive the Loan. See your Loan Agreement for any additional information about nonpayment, default and prepayment refunds.
Itemization of Amount Financed of $ 1100.00: Amount Paid Directly to you $ 1100.00:The disclosures above are part of the terms and conditions of your agreement with Broker and us. The Annual Percentage Rate figure above is a measurement of the cost of your Loan, including the Broker Fee and Loan Charge, expressed as a yearly rate, assuming daily compounding of interest. Days Loaned Annual Percentage Rate Finance Charge Amount Financed Total of Payments
15 657.00% $297.00 $1100.00 $ 1397.00
14 703.93% $297.00 $1100.00 $ 1397.00
13 758.08% $297.00 $1100.00 $ 1397.00
12 821.25% $297.00 $1100.00 $ 1397.00
11 895.91% $297.00 $1100.00 $ 1397.00
10 985.50% $297.00 $1100.00 $ 1397.00
9 1095.00% $297.00 $1100.00 $ 1397.00
8 1231.88% $297.00 $1100.00 $ 1397.00
7 1407.86% $297.00 $1100.00 $ 1397.00
6 1642.50% $297.00 $1100.00 $ 1397.00
5 1971.00% $297.00 $1100.00 $ 1397.00
4 2463.75% $297.00 $1100.00 $ 1397.00
3 3285.00% $297.00 $1100.00 $ 1397.00
TRUTH OF APPLICATION: You certify that the information contained in the Northway Broker Limited Application form (the "Application") that you provided to Broker is true and correct. You understand that we are relying upon the Application and this Agreement. You authorize Broker to verify any information through any source including use of a credit report. Broker has assured us that the amount financed and our fee will be paid. DEFAULT: You will be in default under this Agreement ifa) you stop payment on our debit to your Account; or (b) the debit is not processed by your bank for any reason, or (c) you provide false or misleading information about yourself, your employment or your financial condition (including the account you authorize us to debit) in the Application or elsewhere prior to entering into this Agreement; or (d) any of the following happens to you: death, failure to pay your other debts as they come due, appointment of a committee, receiver or other custodian of any of your property, or the commencement of Bankruptcy proceedings by or against you as a debtor. POSSIBLE MULTIPLE DEBITS TO YOUR ACCOUNT: If funds are not available when we debit your Account on the date agreed upon you authorize us and/or our representatives to perform multiple electronic debits to your Account, up to the Total Loan Amount Plus the $29.00 insufficient funds fee for each such rejected debit. By signing this Agreement, you acknowledge that you understand this procedure and agree to electronic collection of your debt in the manner prescribed above.AGREEMENT TO ARBITRATE DISPUTES: You and we agree that any and all disputes, claims, controversies and differences between you and Broker, or you and us, including without limitation contract and tort disputes, shall be referred by any party to arbitration by the International Center for Dispute Resolution ("ICDR"), The Hague, in accordance with its International Arbitration Rules. In order to obtain a speedy, binding, and cost effective resolution to any dispute(s), you, Broker, and we waive our rights to litigate through a Court and/or to have a Judge (or Judge and Jury) decide any dispute(s) between you and Broker, or you and us. There shall be one (1) independant Arbitrator agreed to by the parties. In the event that the parties cannot agree upon an independant Arbitrator, within 45 days from initial referral of the dispute(s) to the ICDR, the ICDR shall appoint an Arbitrator as provided under its International Arbitration Rules. The place of arbitration shall be at a convenient location within the nearest major metropolitan area to your place of residence, to be determined by the arbitrator. The language of the arbitration shall be English, and the applicable substantive law of the arbitration shall be that of the Republic of Malta. All decisions of the arbitrator shall be legal, binding, and final. Upon your request, we will advance your portion of the filing, administrative, hearing and arbitrator's fee. Throughout the arbitration, each party shall bear his or her own attorneys fees and expenses, such as witness and expert witness fees. The Arbitrator may award you or us any damages available under the law of the Republic of Malta. The Arbitrator shall not require the loser at arbitration to pay the winner's attorney fees. AGREEMENT NOT TO BRING OR PARTICIPATE IN CLASS ACTION: You agree that you will not bring, join or participate in any class action as to any dispute, claim or controversy between you and us, or you and Broker. You also agree to the entry of injunctive relief to stop such a class action or to remove you as a participant in such an action. This Agreement does not constitute a waiver of any of your rights to pursue an individual claim through binding arbitration as provided above. GOVERNING LAW AND JURISDICTION: The Republic of Malta is the place of the making of this Agreement. This Agreement will be made in Malta by you signing and sending this form to us and our acceptance and signing of this form and this Agreement shall be governed by and construed and interpreted in accordance with Maltese law except that the International Arbitration Rules of the ICDR shall apply to the Agreement to Arbitrate Disputes.The Malta courts shall have exclusive jurisdiction to hear challenges to the Agreement to Arbitrate Disputes contained herein, and to all disputes or claims arising under this Agreement that such Court, or the Arbitrator, deem to be incapable of arbitration.SSN: Documentation: I agree that electronic mail, electronic forms, records, photocopies, and/or facsimile copies of the documents I submit are valid and enforceable as the original. I agree that by typing my name as my electronic signature, it is acknowledged and understood that it constitutes an acceptance of all terms and conditions of the agreement and is valid and enforceable. By submitting the online information application by Internet, I am applying for a cash advance and certify that information provide by me is true and correct under penalty of perjury. In order to process this application, I understand verification of the information I have provided is necessary, including, but not limited to, proof of residence, employment and bank account verification. I accept personal responsibility for safeguarding any PIN or CUSTOMER NUMBER or PASSWORD that might be assigned to me. (Be sure you fully understand these procedures before signing and submitting forms as acceptance. If you are unsure, please take time to review or contact a customer service representative to answer any questions you may have.) By signing below, you acknowledge that you have read, understand, and agree to all of the terms and conditions of this Agreement, including the Agreement to Arbitrate Disputes and the Agreement Not to Bring or Participate in Class Action. You further acknowledge that this Agreement contains all of the terms of the Agreement and that no representations or promises other than those contained in this Agreement have been made. You also further Acknowledge that this Agreement was filled in before you signed it, and that you have received a completed copy of it.Northway Financial Corporation Ltd.
I to am dealing with Cash Transfer Center. I sent them letters on Sept. 4th and 17th revoking the wage assignment and revoking my authority for them to stop debting my now closed checking account. They say I owe them $473.00, I told them that they violated Florida state laws and that I only owe them $165.00. I havent heard anything more from them. Is this the calm before the storm?
I really don't think Cash Transfer Center AKA Sonic payday has any legal reasons on the basis of which they will hold against you. There have been so many violations by them. I will say you should pay off the balance that you think is owed and get off their back. Don't give them room for anything against you.
This Sonic payday sure does have alot of dba's. I have a pdl through paydayavenue.com and I believe it is part of Sonic payday too. What a mess I closed the bank account they have access too, but I remember the debits would say Northway or Norway(something like that). I'll just be glad when the whole mess is done and over.
You are right brownsugar. I had a pdl through CTC and they debited my account under Northway, and they didn't debit one debit they did three debits at once, divided the principal in half then the third debit for the interest. I thought that was strange.
I just printed off my contract from Northway and it says, Northway Broker Limited dba Payday Avenue; it also goes on to say that they are conducting business in and incorporated under the laws of the Republic of Malta and duly licensed by the Malta Financial Services Authority. The heck with that crap; they're not licensed in the US!!!
Wow, this whole loan business is actually quite frightening! I just posted a blog somewhere (I'm sorry still trying to familiarize myself with this site)about Cashtransfercenters. Got myself in a mess, but I figure it was my own stupidity - I applied for the loans. But I'm thankful I found this site! I need to repair my account somehow. :-(
My employer got a letter from Cash Transfer Centers, Ltd, PO Box 1216 Oaks, PA for a wage assignment in behalf of Northway Financial Corporation Limited.
Saying I owed them 439.00 of which 29.00 was a NSF charge plus a broker fee and loan charge.
it said they have been in contact with me and letters sent out to me. They have my correct name and SSN. The thing is I never got a loan from them, I've never talked with them or received any mail from them and haven't had any bounced fees at my bank. My employer refused to send them any money after talking with me.
Here in North Carolina payday loans even over the internet if money is transfered to the state are illegal, I have never received money in any way from them. I called the number and told them that all they said was make a police report, but I don't want to give them any more information than they may have about me, they wanted me to send the police report to them. What can I do about this
06-29-2006, 10:41 AM
cashtransfercenter
:?: :twisted:
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