| Message |
Author |
 Posted: Thu May 03, 2007 1:11 pm Subject: I am having problems with is JD MARKETING |
|
|
I, like so many others on this site have gotten in way over my head in payday loans, but luckily I am fixing to pay the majority of them off. The one right now I am having problems with is JD MARKETING. The original loan was $300, and soo far I have paid them $690 with a payoff balance of $390. I have heard from others on this site about contacting the attorney general, but I don't know what to say to them and I also don't know what Texas laws are concerning this. ANY help will be greatly appreciated. Thank you.
|
|
vinsonhd
Joined: 03 May 2007
Posts: 1
Debtcc Points: 70
|
|
|
| Posted: Thu May 03, 2007 1:57 pm Subject: |
|
|
Here is the link on Texas payday loan law.
http://www.debtconsolidationcare.com/forums/about9378.html
You have already paid more than the allowed interest of your state. You should now claim for a refund from the company with the help of your attorney general. Just write the actual story to your AG and request them to verify your account with JD Marketing.
|
|
mute805
Joined: 17 Oct 2006
Posts: 198
Debtcc Points: 3278
|
|
|
| Posted: Thu May 03, 2007 2:11 pm Subject: |
|
|
When you contact the AG just do as Mute806 said - Tell your story. Tell them that this company is not licensed (as I assume they aren't) and that they are charging you an illegal amount of interest. And that they've rolled over the loan more then the allowed amount of times. Just be honest about the situation. You have the laws on your side, and have done nothing wrong.
|
|
goudah2424
Moderator
Joined: 31 Oct 2006
Posts: 8007
Debtcc Points: 111615
|
|
|
| Posted: Thu May 03, 2007 2:19 pm Subject: |
|
|
How do I find out if they are licensed in Texas, also how do I know which of the phone numbers for the Attorney General to call? They are multiple one's.
_________________
Register today to cash in debtcc points.
|
|
Guest
Debtcc Points: 100
|
|
|
| Posted: Thu May 03, 2007 2:33 pm Subject: |
|
|
Here is a link to the online complaint form for the state of Texas
https://www.oag.state.tx.us/forms/cpd/cpd_getcounty.php
I would call this number to ask about companies being licensed: 800-621-0508
That is the consumer protection hotline. Hopefully they will be able to answer your questions. Let us know if you need more help!!
|
|
Sassnlucy
Moderator
Joined: 12 Mar 2007
Posts: 2620
Debtcc Points: 28250
|
|
|
| Posted: Thu May 03, 2007 4:06 pm Subject: |
|
|
I found the information below regarding Texas law at paydayloanlaws.com. Hopefully, it will be helpful to you.
| Quote: | Texas payday loan laws were first enacted in June of 2000. As with other states, Texas payday loan laws state that a lender must obtain a license before they operate. Under Texas state law, a company that engages in the business of payday loans is defined as any person(s) making cash advances in exchange for a consumer�s personal check, or in exchange fore the consumer�s authorization to debit the consumer�s deposit account. The licensing laws for payday loan lenders in Texas are the same as stated under the Texas Finance Code Ann. 342.
Texas payday loan laws have different requirements on fees than other states. Under Texas law a lender is allowed to charge no more than $1 per $5 that�s borrowed for loans under $30. For loans over $30 but no more than $100, a service fee of one-tenth the amount can be applied. And for cash advances over $100, a fee of no more than $10 can be charged.
Texas payday loan laws also permit handling charges in addition to service or interest fees. Under Texas law, a $3.50 handling charge can be added each month to the total amount as long as the amount of the loan doesn�t exceed $35. If the cash advance is over $35 but no more than $70, monthly handling charge of $4 can be applied. For loans over that amount, a $4 fee can be added each month for every $100 that�s borrowed.
Payday loan lenders in Texas must post a notice with a fee schedule along with a written agreement. The agreement must contain the name of the lender, the transaction date, the amount of the check, an itemization of fees, the earliest date the check must be deposited, and a total amount expressed in U.S. dollars and as an annual percentage rate. The agreement form should have the name, address, and phone number of the Consumer Credit Commissioner. Texas payday loan laws also require that the agreement form provide a notice that sates payday loans are intended for short-term cash needs.
Texas payday loan laws prohibit lenders from dividing one loan into two loans for the sole purpose of collecting higher interest fees. The maximum term limit for payday loans in Texas is 31 days. The minimal term limit for payday loans is 7 days.
Under Texas law, a lender cannot pursue criminal charges to collect on a debt. Also, a payday loan lender is limited as to how many times a loan can be renewed. Currently under Texas law, lenders are allowed to renew a payday loan one time each month. |
|
|
tali1956
Joined: 25 Mar 2007
Posts: 132
Debtcc Points: 2979
|
|
|
| Posted: Tue May 08, 2007 10:31 am Subject: |
|
|
After playing phone tag with the Attorney General's office, I finally talked to someone yesterday. He said to fax in my paperwork to him and they would take a look at it. I asked him how long it normally takes and he said it could take a couple of years!!! Any other ideas & has anyone on here have any experience with Texas Attorney General or getting your PDL's marked as paid in full.
_________________
Register today to cash in debtcc points.
|
|
Guest
Debtcc Points: 100
|
|
|
| Posted: Thu May 10, 2007 4:40 am Subject: jd marketing |
|
|
I also have a loan from jd marketing an would like to pay it off. I do not have a contact number for them. Can you help me?
_________________
Register today to cash in debtcc points.
|
|
guest 2
Guest
Debtcc Points: 100
|
|
|
|
onelamb
Joined: 25 Jul 2006
Posts: 436
Debtcc Points: 2736
|
|
|
| Posted: Thu Aug 23, 2007 9:58 am Subject: rude customer rep |
|
|
I received a ACH debit on my account from them that i didn't authorize! the rep was soooo rude. i told her i didn't have the funds to repay the loan at the time because i was in a financial bind...she literally called my job 3times to speak to my supervisor. i asked to speak to her supervisor and she (Ms. Mann) said that she was the supervisor and was not allowed to talk to anyone over her. i asked could i speak to another supervisor and she stated oh sure i can put someone on the line who's much nastier than i am. i was furious, i called her a bitch! i told her she was harassing me by calling my place of employment numerous times back to back
_________________
Register today to encash debtcc points.
|
|
ms.d
Guest
Debtcc Points: 100
|
|
|
| Posted: Tue Sep 11, 2007 10:17 am Subject: JD Marketing |
|
|
Thanks for the info! I am glad that I went to this web site. I could not get intouch with this company. I called this another company because, JD used this company and, I thought that the other company was the lender. So, when I call them to tell them that I was going to just pay the finance charge they said to me you do not have a loan with us. So, looked on my bank account and, see JD as the lender I have not clue how this happen. Anyway, I went to my bank and did a stop payment so, that they can not have access to my account. I will pay them by money order only. I talk to the ach depart. and they will make sure they do not get that $260.00. YOU FOOL ME ONCE AND THAT IS IT FOR ME. I will pay this but, not with my bank account. If i did not go to this web site I would have not know about this. Thanks again!
_________________
Register today to encash debtcc points.
|
|
donna53
Guest
Debtcc Points: 100
|
|
|
