| Message |
Author |
 Posted: Tue Jun 19, 2007 6:38 pm Subject: National opportunities - its my payday.com |
|
|
Received an email stating that my bank returned the last debit and they would be debiting my account again for "my convenience". Apparently, they did not read my letter informing them that the acct had been closed due to fraudulent activity. All ach debits were revoked as well as any wage assignments. Do these people read these letters. Do you suggest I reply to email providing a copy of my revocation letter again? Are these people licensed in New York or anywhere for that matter? I think their address is in Delaware. Thanks
|
|
IPDLIDIOTINNY
Joined: 22 May 2007
Posts: 71
Debtcc Points: 2053
|
|
|
| Posted: Tue Jun 19, 2007 7:41 pm Subject: |
|
|
Here are the PDL laws for New York:
| Quote: | New York State Information
Legal Status: Prohibited
Citation:
Licensed lender law applies but interest rate is that agreed to by contract. N.Y. Banking Law § 340 et seq. A check casher licensee cannot make loans nor cash or advance any moneys on a post dated check unless it is a payroll check. N.Y. Banking Law § 373. Criminal law sets the usury cap at 25%. N.Y. Penal Code § 190.40.
Small Loan Rate Cap
25% per year
Where to Complain, Get Information:
Regulator: New York State Banking Department
Address: One State Street New York NY 10004
Phone: 1-877-BANK-NYS
Fax:
Regulatory Contact: Regina A. Stone Deputy Superintendent
Regulator’s Website
Complaint Form
Complaint Instructions
Online Resources:
Consumer Help and Information – Informational Brochures
http://www.banking.state.ny.us/ |
As you can see, payday loans are prohibited in your state. File a formal complaint with your attorney general. Send a letter to National Opportunities/itsmypayday, telling them they are operating illegally in your state, inserting your state's laws. Also let them know you have filed a complaint with your AG. Since they are not legal in your state, you morally only need to pay them back the principal that was borrowed. Good luck.
|
|
dbaker6
Moderator
Joined: 25 Aug 2006
Posts: 1609
Debtcc Points: 13841
|
|
|
| Posted: Tue Jun 19, 2007 8:28 pm Subject: |
|
|
Make sure the letter you send is return reciept requested...that way you have legal proof they recieved it!!
|
|
Morningstarr430
Debt Samaritan
Joined: 13 Jun 2007
Posts: 2337
Debtcc Points: 39294
|
|
|
| Posted: Mon Jun 25, 2007 9:43 am Subject: |
|
|
Another thing you can do is fax a copy of your state's payday loan regulations. That is what I did after I had no response to my email. Their fax number is (800) 243-7520. The next day a rep from the company called and stated that they would tell the BBB that they would write the remaining balance off and tell the CA to get off my back. I even owed them about $100 but they decided to write it off. Good luck to you!
|
|
joshua1987tree
Joined: 01 Jun 2007
Posts: 487
Debtcc Points: 7999
|
|
|
| Posted: Mon Jun 25, 2007 1:24 pm Subject: pdl |
|
|
They totally ignored me. Faxing/emailing/mailing. Just totally ignored me and kept trying to debit my account. Then I filed complaints. Today I received my ONLY reply from them and it stated that my loan was "written off", my balance is zero, and the issue has been resolved. Okay. Well, it apparently wasn't anything I did! LOL! They ignored me! So FILE YOUR COMPLAINTS WITH EVERY AGENCY! Apparently it lights a fire under thier butts!
|
|
cannr
Moderator
Joined: 07 Jun 2007
Posts: 9374
Debtcc Points: 124815
|
|
|
| Posted: Tue Jun 26, 2007 6:17 am Subject: |
|
|
They did the same with me, well kind of. I did hear from them but they were very threatening to me in the beginning. They were the first harassing phone call I received from an IPDL. I will never forget that. The guy treated me like dirt so I guess you are kind of lucky that you didn't have to experience that kind of phone call. I received e-mails from their collections department after I signed up with T & C. They too wrote off my balance after I filed complaints against them. I handled everything through my AG's office and kept correspondence on everything.
|
|
CowampChicken
Joined: 20 Dec 2005
Posts: 3681
Debtcc Points: 36192
|
|
|
| Posted: Tue Jun 26, 2007 8:12 am Subject: loan |
|
|
Do as Dbaker suggested. Send that complaint in to AG. Payday loans are ILLEGAL there. The AG there has definately took a stande against them. Thats what this country needs more AG like NY. The NY times even done an article bashing payday lenders. KYSIDE38
_________________
RYDERS OF THE NIGHT
|
|
KYSIDE38
Joined: 19 Jun 2006
Posts: 2502
Debtcc Points: 37316
|
|
|
| Posted: Wed Jun 27, 2007 7:54 pm Subject: |
|
|
kyside,
Do you have a link for that article?
|
|
CowampChicken
Joined: 20 Dec 2005
Posts: 3681
Debtcc Points: 36192
|
|
|
