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 Posted: Wed Mar 21, 2007 12:07 pm Subject: payday-loan-yes.com |
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Payday loan yes just called me and said if I don't start paying they are going to garnish my wages. What is my next step? I have already turned them over to my attorney general, sent them numerous letters. I took out a $400 loan with them and have paid $825 back. I think I am well overpaid.
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YELIK1
Joined: 06 Dec 2006
Posts: 35
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| Posted: Wed Mar 21, 2007 12:08 pm Subject: |
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You need to send a revocation of your voluntary wage assignment to them as well as your hr dept at work
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Leah
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| Posted: Wed Mar 21, 2007 12:10 pm Subject: |
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Do you have a template for this type of letter?
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YELIK1
Joined: 06 Dec 2006
Posts: 35
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| Posted: Wed Mar 21, 2007 1:29 pm Subject: |
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See the third post by Roxette in this link.
http://www.debtconsolidationcare.com/forums/wageassign-legal.html
What state are you in? Check the roll overs allowed in your state. If the company has renewed more than the allowed number, you have a proof of their illegal business activity and adding excessive charges. This should be reported to your state AG.
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Howard
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| Posted: Wed Mar 21, 2007 6:03 pm Subject: |
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I can tell you that payday-loanyes is affiliated with Global Payday and Cashnet500. Their contact info is:
Payday-Loan Yes
P.O. Box 571992
Murray, UT 84157
(888)227-4638
(801)264-6692
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BROWNSUGAR!!
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brownsugar
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cajunbulldog
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| Posted: Thu Mar 22, 2007 5:32 am Subject: |
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I have already sent them in to my attorney general. I am from Illinois.
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| Posted: Wed Mar 28, 2007 3:41 pm Subject: my loan with payday-loan-yes |
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I recieved a $350 loan from them and have to pay back $455. They put the loan into my savings instead of my checking, so I corrected the mistake. Payment was to be made on March 22, they tried to take it out of my savings and that costed me overdraft fees. I contacted them and told them the money was in my checking and gave them that information again. They will not take it out. Today they said I owe $590 now and have 3 payments to pay it off but are saying the only way they will accept payment is through a credit card. Is this right? What should I do?
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cntrycwby28
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| Posted: Wed Mar 28, 2007 3:48 pm Subject: |
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They can't make you pay with a credit card. If they want their money they will take it how you will pay it. I would ask them for an address and send them a money order. Do not give them your credit card number.
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Sassnlucy
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| Posted: Tue Apr 03, 2007 9:07 am Subject: |
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They called me today and said they will keep me in collections because I have to abide the contract that I signed. They do not have to go by Illinois law. After the phone call, I received the folling email. What should I do? I really do not think I should pay them another dime.
| Quote: | File #804**** (Please reference your file# on all
correspondence). Personal info removed - Mike
We are now Pay Day Loan Yes, formerly CashNet500.
Thank you for hanging up on me today and the time you took to
resolve your
delinquent loan account.
I have read and understand your email which does not forgive
your debt.
However, I am in the position to offer you a loan payoff on your
account.
As of today, your total CashNet account balance is $475, loan
payoff is for
$200 due on 4-6.
This is a loan payoff, meaning once you confirm this payoff by
providing
your card information, your account will then be removed from
the
collections process, your balance will be frozen and no further
charges will
be assessed on the loan balance as long as you follow through
with the
agreed arrangement.
Confirmation Instructions:
* Payment method is Visa or MasterCard Debit/Credit ($5.00
processing
fee).
* You need to call or email me, Karen Lamb at 800-654-7444, ext.
846
* To take advantage of this offer it is very important that you
confirm this loan payoff today.
* To do this all you need to do is call or email me today with
your
card#, expiration date and three (3) digit code.
Regards,
Karen Lamb
Advanced Collections Department
1-800-654-7444
x846 |
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YELIK1
Joined: 06 Dec 2006
Posts: 35
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| Posted: Tue Apr 03, 2007 9:28 am Subject: |
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Yes they do have to abide by your state laws...Or else they should not be lending in your state...YOu have way overpaid this loan...I would contact them again and tell them again that they are doing business illegally in your state and that you demand they mark your account paid in full, file a complaint with your AG(although I think that you have) but go ahead and file again only send them a copy of their response and also print out a copy and fax it to this Karen Lamb...
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Leah
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| Posted: Tue Apr 03, 2007 12:45 pm Subject: |
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They said they don't have to abide by Michigan law, but Federal Law. I spoke to a Mr. Atkins and a Mr. Davis, who told me he just wanted the $300 he borrowed me back however I was willing to pay it. I had a first loan with them that I overpaid by about $113 -- so this second loan, is legit in the sense that I took it out -- and if all I had to pay off was $300 (which is what I borrowed and I closed my bank account before they could take out any fees) then I guess that would be OK.
What do you all think?
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Sarah R.
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| Posted: Tue Apr 03, 2007 12:49 pm Subject: |
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They are one of the hardest companies to deal with. Tim is an a**hole and even fought with a guy from my state's banking dept when he called them on my behalf.
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goudah2424
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| Posted: Tue Apr 03, 2007 12:59 pm Subject: |
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So, do you think I should just pay him the $300 and not even fight for the $113 I overpaid -- I mean, what's the worse that can happen??
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Sarah R.
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| Posted: Tue Apr 03, 2007 1:11 pm Subject: |
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Sarah R. You already paid $413 and they are wanting $300 more?
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YELIK1
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| Posted: Tue Apr 03, 2007 1:56 pm Subject: |
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No, I overpaid on the last loan I took out with them -- And they wanted 390 for the second loan I took out with them, but he said he would settle for $300 to pay off the second loan (I had two loans with them -- paid off the first, and took out a second).
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Sarah R.
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