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 Posted: Mon Jan 22, 2007 6:59 pm |
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I am desperate to find out about payday loans in Tenn I am up to my eye balls in debt with them. I am a widow with a handicapped son, we live on 1200.00 a month and like everyone else my loans kept snowballing I would get one more to pay the interest and so on now I am paying over 1200.00 a month in interest. I have closed my account and wrote to all the companies asking for a pay off schedule and they all tell me they are going to sue me most of all tendollar pay day, payday select and payday one. please if anyone knows Tenn law help please???
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pspeteslady
Joined: 22 Jan 2007
Posts: 4
Debtcc Points: 204
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| Posted: Mon Jan 22, 2007 7:01 pm |
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offer very small settlement, and pay off one at a time
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hsrmediation
Joined: 21 Jan 2007
Posts: 15
Debtcc Points: 269
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| Posted: Mon Jan 22, 2007 7:02 pm |
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How long have you been paying on these pdls? It may be that you have already paid back the principal and legal interest rate that your state allows in the illegal roll over fees. As for Tendollarpayday, the are affiliated with MTE, and Oklahoma has ordered them to shut down and cease and desist on collecting on all loans. You also need to file a complaint with your state's Attorney General as well as the Attorney Generals' Offices in the states where the pdls are located, you will find the are not licensed. You are going to get out of this mess. And do not fall for their false threats. (ie: arrest, bank fraud, internet fraud, etc....those are all illegal threats)
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WHEREAMI
Joined: 26 Aug 2006
Posts: 5315
Debtcc Points: 71264
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| Posted: Mon Jan 22, 2007 7:05 pm |
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If you have paid the legal interest and princpal back in these roll over fees, you can demand they mark your accounts paid in full. These people are sharks!
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WHEREAMI
Joined: 26 Aug 2006
Posts: 5315
Debtcc Points: 71264
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| Posted: Mon Jan 22, 2007 7:07 pm |
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Here is the link to look at your state's pdl laws, it will also give you the contact info. on who to file the complaints with, and like I said, also file complaints with the state's in which the pdls are located. You can use Pollyandsays template letter on her blog to settle with the companies.
http://www.paydayloaninfo.org/state_detail.cfm?id=TN
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WHEREAMI
Joined: 26 Aug 2006
Posts: 5315
Debtcc Points: 71264
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| Posted: Mon Jan 22, 2007 7:14 pm |
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Also, according to Oklahoma, you are not responsible for paying the principal or the fees back to tendollar payday, as they are affiliated with Rio Resources. So don't even worry about this company at all.
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dbaker6
Moderator
Joined: 25 Aug 2006
Posts: 1608
Debtcc Points: 13841
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| Posted: Mon Jan 22, 2007 7:15 pm |
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I have paid more than my borrowed amount on all of them 2 that were for 500.00 each I have paid well over 1000.00 in interest and have not even touched the prinicipal. I also borrowed 200.00 from 6 more and they all have been paid over 300.00 and 2 of them over 400.00 I am drowning, due to my account being debited I am being forced to move I could not pay my rent and I am now going to a gov. apt. I am just sick over this. Thank you for all your great help and God Bless you all.
Paula and sons Matt and Cole
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pspeteslady
Joined: 22 Jan 2007
Posts: 4
Debtcc Points: 204
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| Posted: Mon Jan 22, 2007 7:16 pm |
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I went to that link (great help) but I am now worried it says I can only have 2 or 3 loans at once will I get in trouble i have a total of 8 left open?
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pspeteslady
Joined: 22 Jan 2007
Posts: 4
Debtcc Points: 204
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| Posted: Mon Jan 22, 2007 7:18 pm |
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You ARE NOT IN TROUBLE! Trust me. YOU ARE NOT IN TROUBLE! They are the ones operating without a license. If you are having your check direct deposited you need to stop that now, and if at all possible open a new account at a new bank before it is too late.
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WHEREAMI
Joined: 26 Aug 2006
Posts: 5315
Debtcc Points: 71264
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| Posted: Mon Jan 22, 2007 7:25 pm |
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I am kinda nervous about it but social security said I have to have direct dep so when no one would allow me a bank account my current acct was in the negative by over 500.00 my bank said they would work with me and give me a new account and I am going to give them 25.00 a month on the old acct. Thank you for the support I have never felt so alone or so stupid in my life. I knew this was going to happen but I did not know how to stop it. finally it stopped because my dept is just too high.
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pspeteslady
Joined: 22 Jan 2007
Posts: 4
Debtcc Points: 204
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| Posted: Mon Jan 22, 2007 7:40 pm |
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bank of america seems to be lenient to get an account....good luck
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hsrmediation
Joined: 21 Jan 2007
Posts: 15
Debtcc Points: 269
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| Posted: Mon Jan 22, 2007 7:55 pm |
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Just make sure these pdls can not access your new account.
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WHEREAMI
Joined: 26 Aug 2006
Posts: 5315
Debtcc Points: 71264
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| Posted: Mon Jan 22, 2007 9:12 pm |
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I received a call today from someone from a collection company called Pinion. They are representing United Cash Loan They told me that they where going to make all of my checks I write not go thru. So unless I pay them the 145.00 today I will have my paychecks garnished. I offered to pay by 2/8 but she said no. I refused to give her my debt card number or my checking account number. Whatelse can I do.
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sfj76
Joined: 12 Oct 2006
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| Posted: Mon Jan 22, 2007 10:57 pm |
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Paula, Welcome to the forums. Social Security can mail you a check. I would tell them I had been a victim of these companies. You need to complain to Attorney Generals office Consumer Division as soon as possible. Tell them your on Social Security and what these companies are doing they will help. Best Wishes to you. KYSIDE38
_________________
RYDERS OF THE NIGHT
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KYSIDE38
Joined: 19 Jun 2006
Posts: 2500
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| Posted: Tue Jan 23, 2007 6:54 am |
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can someone tell me if rollovers are permitted in texas?
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jennwales
Joined: 22 Jan 2007
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dbaker6
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