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Posted: Sat Jun 23, 2007 8:12 pm Subject: What do I really OWE or OVERPAID??

Small loan cap in NY is 25% - here is what I've paid against what I borrowed. (My payments are shown with a negative because of how I built my spreadsheet)
Can someone help me figure out my balances?
Payments Loan
United Cash Loans -985 500
One Click Cash -300 500
SPD Finance -1440 400
Credit Protection-My cash now -251.37 300
Credit Protection-Discount advances -315 400
Platinum Finance -2375 1000
Paycheck Today -1155 500
ameriloan -180 600
500FastCash -1050 450
MTE Financial -805 400
GECC cash direct express -821 400
Moneyline -3690 300
Cash Today -770 225
Pdayservc -650 600
800-899-CASH -907.73 598.28

Posted: Sat Jun 23, 2007 11:00 pm Subject: what do I really owe or overpaid

I not quite sure but I tried my best to help u out here what u legally should pay...
1.United Cash loan u have overpaid $350.00 if I figured correctly
2.One Click 335.00 owed
3.SPD Finance 900.00 overpaid
4.Platinum Finance 1145.00 overpaid
5.CREDIT PROTECTION 123.63 OWED
6.CREDIT PROTECT DISCOUNT 185.00 OWED
7.AMERLOAN 470.00 OWED
8.PAYCHECK TODAY 520.00 OVERPAID
500 FASTCASH OVERPAID 497.50
10.MTE OVERPAID 305.00
11.GECC OVERPAID 321.00
12.MONEYLINE OVERPAID 3315.00
13.CASH TODAY OVERPAID 482.50
14.PDAY SERVICE EVEN
15.800-899-CASH 159.45 OVERPAID
I hope that helps some if I figure wrong someone will come along and let u know.Also if there still taking from ur bank account u better close it asap cause u've done well overpaid these place for the most part and also I would be contacting my AG and all others to take legal actions against them...I received a letter from my AG today stating if I prvide the address they will handle my cases.

Posted: Sun Jun 24, 2007 3:54 am Subject:

Are some of these internet payday loans? If so, although some here will put me over the fire for this advice, but if some of these are not licensed to operate or collect in your state, I would tell them to Fuk off, because they have broken the law, and attempted to victimize you monetarily. Immoral? Yes. Legal? yes. You decide.

Posted: Sun Jun 24, 2007 6:41 am Subject:

Thanks for the help on the calculations. Yes- all of them are internet loans. I have mixed emotions on all this but it is my intent to pay what NY state would say is legal for small loans (25%) I honestly did not know these type loans were illegal in NY. I used them and knowingly signed contracts but I was desperate and as time went I became entrapped where I had to keep rolling over to keep up. My account is closed, my first default will be this Thursday. I plan on phoning, faxing and mailing (where I can) all letters to the PDL's and also filing with the AG, Secret Service and so on before Thursday comes. I am also going to provide my loan history back through 2005. I had paid off numerous loans with some of these companies and while I don't expect refunds from the closed loans I want to provide the AG with all of the history to help my cased and provide evidence to help the future. Moneyline has closed mine paid in full already. When I saw how much I had paid them I called and they agreed without a question. They don't know I'm coming back for a refund but one thing at a time.

Posted: Sun Jun 24, 2007 6:51 am Subject:

I agree with you Anthony.

Posted: Sun Jun 24, 2007 7:03 pm Subject: Overpaid

My heart is breaking. They have taken soooo much money from you. And, I too, agree with Anthony. They can go straight to hell. You've paid them soooo much over the required amount. I know you feel responsible for repayment and that you signed the agreements, but, honey, look at your spreadsheet! You've paid these people the equivalent of a friggin car! Please don't let them take any more money from you. Please file complaints with EVERY agency you can dream up. You've basically been raped.

Posted: Sun Jun 24, 2007 7:56 pm Subject:

When I sat with the bank rep on Friday as I was closing my account she printed out all my statements back thru 2005. She actually got tears in her eyes which of course got me crying - she basically said the same thing you have. I've thought a lot about it over the weekend the ones that were companies I have used for years are going to be approached with applying my over payments from previous loans to settle the current ones. I'll keep you posted.

Posted: Sun Jun 24, 2007 8:21 pm Subject: loan

MPEREZ< I can tell you dont give them another dime. You have paid thru your teeth at the least. The NY AG is hot against these kind of loans. I would bet 99.9999 percent chance they are going to tell you not to pay anymore. They are PROHIBITED there. They should have never loaned you the money the contract is null and void plain and simple. KYSIDE38

Posted: Sun Jun 24, 2007 8:49 pm Subject:

I agree with Anthony 150% Smile

!!!!!

Posted: Sun Jun 24, 2007 8:53 pm Subject: loan

Ladybug I agree 151 percent LOL Very Happy

Posted: Mon Jun 25, 2007 2:23 pm Subject:

I am going to wait it out - the ones where I owe are offset with ones that are the same company but under another name where they owe me. Plus I have been in this trap for years - If the AG is able to access my previous loans I'm sure they will settle if not refund me something. I hope anyway. I'm really getting nervous but I'm taking a deep breath and jumping in - I want my life back even if it has to get ugly for a while.

Posted: Mon Jun 25, 2007 2:24 pm Subject:

The law outweighs a non-binding contract. If the state has laws against these crooked companies, than any contract under New York laws, pertaining to internet loans, is non-binding. Keep your money, and tell them to take it up with the New York State Attorney General's Office. They will vanish, trust me.

Posted: Tue Jun 26, 2007 9:54 am Subject: Illegal

Is what you are all saying here is that since internet pdl's are illegal in New York, then actually your contract isn't worth wiping your butt with? Please clarify for me and for mperez, I'm sure. It sounds as though you're saying that since internet pdl's are illegal in New York, they are obviously not licensed in New York, that the electronically signed internet contracts are un-enforceable? Just basically that you're actually not legally bound to pay them? Just morally? Since the internet pdl should not have been funding loans in New York state in the first place?

Posted: Tue Jun 26, 2007 11:11 am Subject: loan

Cannr, Thats exactly what he is saying and I agree 100 percent with him. KYSIDE38

Posted: Tue Jun 26, 2007 11:45 am Subject: Illegal

Thank you, kyside! To the rescue once again! I really hate to sound like I'm "thick", but I just wanted to make sure I'm understanding this. Since it is so logical, you'd think a person wouldn't get confused. However, a state does not allow internet pdl's, a pdl gives you funds via internet contract, you "default", over pay, don't pay, whatever, then the pdl comes after you with shooting guns spouting off "laws" of their state and scaring the living crap out of you. And also calling and harrassing and sending 100 emails. When, in fact, they are breaking every law in the book by lending in unlicensed states, using threats to make people pay, and also continuing to debit bank accounts into the $1,000's of dollars. Okay. The more clear this becomes, the madder I get. I'm about ready to file more complaints. This time on the couple that I hadn't filed anything as of yet because I was confused as to how to handle them. They are spouting THEIR state laws. I have told them internet loans are illegal in my state. They still stand saying their laws are enforceable and the contract is legal. What the??? No, apparently it is not. Is this a scare tactic? They are saying the contract is upheld in Delaware and the transactions take place in Delaware, so it's legal. Ummm....I'm not in Delaware. Is this worth filing a complaint? I haven't done so yet, but now I''m kind of getting ticked off!

Posted: Tue Jun 26, 2007 4:35 pm Subject: loan

My advice would be to file every complaint you can file on all of them. Dont leave a single one out because they are all scum. KYSIDE38

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