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 Posted: Mon Jul 31, 2006 11:59 am Subject: Mycashnow/Update and Phone call/ what would you do |
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I just got a call from Mycashnow about my loan that was orignally $610 and now is $1000 I was informed that they will work with T & C but they want more money a month on the balance, I asked the Sheri about the charges put on it and she informed me that since they were internet based that they didnt have to follow any jurisdiction of any state, Of course that means not mine and that she would have a supervisor call me back if I wanted to discuss the legal aspects of what they were charging me, I have already paid 180 on this in finance or interest however they want to call it But yet they want another $400 on top of that, Im stressing over here They are the ones that I got the certified back on as they werent at the address and when I asked her about it on the phone today she informed me that they have been moving alot Imagine that!
I need the Address for the Las Vegas address
She told me If I could send the $60 dollars today moneygram the fees would stop what would you guys do go ahead and pay that?
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txtreasure
Joined: 20 Jun 2006
Posts: 156
Location: Tx Debtcc Points: 39602
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anthony
Joined: 22 Jun 2006
Posts: 462
Debtcc Points: 8670
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| Posted: Mon Jul 31, 2006 12:11 pm Subject: |
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I believe that MyCashNow, like any other internet loan company is required to follow the state laws while charging interests on the loan accounts. They are trying to misguide you by not disclosing the legal charges. You must check the state laws and send the link to them. They will have to get back to you with proper facts.
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BuildingWealth
Debt Samaritan
Joined: 30 Jun 2006
Posts: 499
Debtcc Points: 4962
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| Posted: Mon Jul 31, 2006 12:18 pm Subject: |
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I did send them a certified letter to ther Corporate office address and it came back to me in the mail The lady I spoke with said that they were moving alot so I dont know But to almost doublt the amount is absurd
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txtreasure
Joined: 20 Jun 2006
Posts: 156
Location: Tx Debtcc Points: 39602
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| Posted: Mon Jul 31, 2006 12:21 pm Subject: |
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Have you taken some legal aid in this direction? Most of the states offer free legal advice to overcome these problems.
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BuildingWealth
Debt Samaritan
Joined: 30 Jun 2006
Posts: 499
Debtcc Points: 4962
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| Posted: Mon Jul 31, 2006 12:26 pm Subject: |
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No I will see what they do and if they actually have a supervisor call me back about this matter
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txtreasure
Joined: 20 Jun 2006
Posts: 156
Location: Tx Debtcc Points: 39602
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| Posted: Mon Jul 31, 2006 2:30 pm Subject: |
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txtreasure,
I will pm you some information. In the meantime, look through the older posts where VLD replied regarding this company. 
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CowampChicken
Joined: 20 Dec 2005
Posts: 3675
Debtcc Points: 36194
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