Has anyone had any dealings with Cash Transfers Center?

They are based in Malta. I pay a fee of $270.0 on a $1,000.00 loan and am not sure if this violates any law in Maryland, where I live

PDLs are illegal in your state, here's the link to your pdl laws: http://www.paydayloaninfo.org/state_detail.cfm?id=MD
You are only obligated to payback the principal, how many times have you paid this $250 fee? Just deduct that from the principal and that is whay you owe CTC. And I advise you to file a complaint with your AGs office, this link will give you contact info. Also, you signed a voluntary wage assignment with CTC, you need to revoke that IMMEDIATELY, also let your payroll dept. know of the revokation. You also need to block this company from your account or just open a new account and close this one. I can guarantee you that they will continue to debit your account if you do not do this.

They will tell you they do not have to follow your state's laws. They are misinformed customer service reps., They do have to follow the consumer's state laws, and in your case, they are prohibited and they never should have loaned money to a Maryland consumer.

I have paid the $270.00 loan fee 6 times which is $1620.00. They are due to debit $1270.00 from my checking account on Nov. 16th, and I've decided to close my checking account. I feel I've repaid my loan - and then some!


I'm really concerned about phone calls at work, to my employers, friends, etc.

Thank you for the info - I'll the MD AG and send the revocation letter.

Who knows - maybe I'll even receive a refund of the overpayment.

Have you sent them a settlement letter yet??

Here's the link to Polly's pdl settlement letter, demand they mark your account in full, demand a refund of $620, and inform them that you have filed a formal complaint with your AGs office, also you will need to insert your state's pdl laws. E-mail, fax, and usps the letter. You may have to do this multiple times, and do more than once a day. They'll get the picture. Good decision to close your account, they would keep going in and debiting your account otherwise. Don't worry about their threats, they are meaningless.

Here's the link to the letter: http://pollyandsay.yesdebtfree.org/template-letter/