Too Many Payday loans
Date: Fri, 11/10/2006 - 15:17
Here is the link to your state's pdl laws: http://www.paydayloa
Here is the link to your state's pdl laws:
http://www.paydayloaninfo.org/state_detail.cfm?id=WY
The internet pdls have to follow the consumer's state laws. They will tell you that the contract signed by you states you have to follow the lender's state laws. They are incorrect. Which companies are you dealing with and for how long?
General rule applies that a loan company has to be licensed in t
General rule applies that a loan company has to be licensed in the borrowers' state and follow their state laws. However, there are a few states like PA, RI in which the lender needs to be licensed in their state only.
For information in Wyoming, call your state regulator
Wyoming Division of Banking
Address: Uniform Consumer Credit Code, 122 West 25th Street Cheyenne, WY 82002
Phone: (307) 777-7797
Fax: (307) 777-3555
http://audit.state.wy.us/banking/
Mycash now 2 months, Aero advance-almost a year and only paid re
Mycash now 2 months, Aero advance-almost a year and only paid refinance fee of $60 every 2 weeks, United, Check city, cashnetusa, Apple, chick2cash and Payday ok, one and select--almost a year. I am excited about this site. I didn't think there was anyway to get out from under these.
Start drafting them settlement letters, here is the link to Poll
Start drafting them settlement letters, here is the link to Polly's pdl settlement letter. I don't know how much you have borrowed or how long you have been paying on them, but I noticed WY doesn't allow roll-overs. If you haven't paid back the principal yet, deduct the amount of roll overs from the principal and add the allowable interest your state allows, and demand they settle the account for that amount. You should e-mail, fax, and usps these letters, and if you have to do it multiple times a day, then do that. Some members here have e-mailed and faxed their letters multiple times a day until they settled. Don't be intimidated by their false threats of arrest and fraud charges. Here's the link to the letter: http://pollyandsay.yesdebtfree.org/template-letter/
Also you need to file a complaint with your AGs office along with the Division of banking. The link I posted above will give you the contact info. for that dept.
I recommend that you contact each of these companies and explain
I recommend that you contact each of these companies and explain your situation and how you want to pay the loan in full.
I would also recommend that you either close your checking account or request that the bank place a stop payment on your account to prohibit these companies from taking any interest and payments from your account. I used a statement of unauthorized debit which is no fee and places stop payments on your account.
She has paid on most of these for nearly a year, I think the loa
She has paid on most of these for nearly a year, I think the loans have been paid in full and then some. Demand they mark you paid in full.
Should I call first or just send emails and letters?
Should I call first or just send emails and letters?
Send, fax, and e-mail them letters. You can call them, they are
Send, fax, and e-mail them letters. You can call them, they are probably going to get nasty with you on the phone.
I heve loans w/PaydayOK and PaydaySelect , PaydaySelect was star
I heve loans w/PaydayOK and PaydaySelect , PaydaySelect was started 11/16/05 for $250 and w/auto refinance and principal increase 8/22/06 is now $400. Not to sound stupid, but How do I handle this loan?
You can demand that they mark it as paid in full but how many of
You can demand that they mark it as paid in full but how many of them will actually do that?
The state I live in won't help me. I don't know what state she is in.
All of my internet pdls I paid way over the principal and legal
All of my internet pdls I paid way over the principal and legal interest rate marked me paid in full. You may have to go back and forth, stand your ground and they will mark you paid in full.
I have had a loan with MYCASHNOW and they have always been easy
I have had a loan with MYCASHNOW and they have always been easy to work with. they do extend but the interst does also go down with each payment. they also put money to the princable after 3 weeks.. still sucks but they have helped me and been very nice about working things out. they charged me extension fees and i am contesting those because i am in CA and that is illegal BUT. they did work and were nice.. and one more thing they NEVER took money on the wrong day and on the web site you can look at all the loans and what you have paid.
I am not saying they too are not crooks but.. they are nice crooks.. :D
Some of the PDL companies will be harsh @ first, but if you cont
Some of the PDL companies will be harsh @ first, but if you continue trying to work payments out, they will accept. I would start out with trying to make $50 pmts each month. Some of mine accepted this..
That is what I recommend. Try to make payment arrangements with
That is what I recommend. Try to make payment arrangements with them. If you can not do that, you may be able to try to method of sending them a letter and requesting that your loan be paid in full.
Have you looked into the laws regarding pdls in Wyoming?
The law states no refinancing. All loans must be paid in full.
The law states no refinancing. All loans must be paid in full.
payloan debt
I have five pay day loans I am trying to pay. Payday avenue says they do not make payment arrangements. What can I do to get out of debt with these payday loan people. I can't afford to keep paying them all this money every pay period.
broke because of paydayloans
I have payloans taking money out of my account every two weeks. What can I do about it and what are the laws against this in mississippi.
loans
hello,
i have some payday loans that is saying they are going to take me to court and this will show up on my record. i had a company taking fumds from my account and they were not supposed to. that but way behind in my bills. i went a few weeks with no pay because i had direct deposit and the bank was taking there money. the bank called the company and i reported them to the better business buearu, and they are still taking there time with giving me my money. during this process, the bank closed my account trying to help me out, and the payday loans were being drafted from my account, now they don't have access to the account because there is no account. i found out that in my state payday loans are illegal and they closed down the payday cash advance places where i am, elizabeth city, nc. is there anything that i can do. they are saying that i owe over 1500 dollars and i didn't borrow no where near that amount. on top of it i don't remember receiving anything from them. then today at work i get a phone call asking me if i had a lawyer. im not trying to get into any kind of trouble. im not the type of person that doesn't want to pay there bills. is there something that i can do?
shanell
You are only obligated to payback the principal ONLY. File your
You are only obligated to payback the principal ONLY. File your complaints with the NC AGs office. That employee is making ILLEGAL threats towards you in an attempt to collect a debt, tell him you are going to file charges against him for extortion, because that is what crime he is committing and it is a felony. Don't let their threats scare you, they are an illegal pdl company conducting business with a NC consumer without a license and in a state where they are illegal. Tell him to take you to court, because when he shows up he will be arrested. Don't pay them another dime. Stand your ground with them and get your complaints in. And don't let them trick you into thinking that because their meaningless piece of paper says they follow their laws that that is the fact, because it isn't. The lender MUST follow the consumer's state laws. Don't pay him another dime.
That is what they want you to believe. That is EXTORTION, making
That is what they want you to believe. That is EXTORTION, making threats or false threats in an attempt to take money from a person. Don't worry, make sure you put in your complaint this threat you were given. Plenty of people here were given the same threat and that is all it is he would have a hard time pressing charges when he is with a company who is unlicensed.
It looks like they don't have a website. Here is the link with c
It looks like they don't have a website. Here is the link with contact info. I would call them tomorrow and learn how to file your complaints:
http://www.governor.state.nc.us/Highlights/COS.asp
How much was the loan for? That would be your principal, if you
How much was the loan for? That would be your principal, if you borrowed $300 then the principal would be $300 and not a penny more since they are illegal. However much you have paid in "refinancing" fees then deduct that from the principal and that is what you owe, if you have paid more than the principal in "refinancing" fees then demand they mark you paid in full and request a refund for the difference in overpayment.
Natdust posted your AG's website, I couldn't find it, but natdus
Natdust posted your AG's website, I couldn't find it, but natdust did here it is in case you missed it:
http://www.ncdoj.com/
I have an account w/Payday One. When I spoke w/them I was told t
I have an account w/Payday One. When I spoke w/them I was told they do not have to abide by Wyoming laws because they are internet. Is there a law I can quote to prove them wrong. I am so tire of all this crap!
Here's the link to your state's pdl laws: http://www.paydayloan
Here's the link to your state's pdl laws:
http://www.paydayloaninfo.org/state_detail.cfm?id=WY
And they will tell you that they are internet and don't have to follow your laws. They are uneducated and full of crap, I have said before they are underpaid/undereducated CRs. Stand your ground and also file complaints with AG against them.
What is considered a "roll over"? Is that the same as a auto ref
What is considered a "roll over"? Is that the same as a auto refinance?
Yes. Companies call it by different names. But it is a roll over
Yes. Companies call it by different names. But it is a roll over, refinance charge, they are just trying to skirt the law by calling it something else. It is what it is, illegal in most states no matter how you phrase it.
loan
hello,
yes the company that says that im going to be persued is bass and associates. these are the people that keep calling me and said that i have to pay everything and that i have to come up with 490 by tomorrow. what can i do. i have the girls name and number that keeps calling. what do i do
You need to contact FL AGs office to file a complaint and give t
You need to contact FL AGs office to file a complaint and give them the lady's name and number. I'm certain it is an alias. But that's ok, she's working for that crooked company. Don't pay them a dime, and if they call you tell them you are in contact with the FL AGs office and filing a complaint with them and your own state's AG office. Don't fall for the illegal threats.
Hey Payday One, PayOK and Payday Select marked me paid in full.
Hey Payday One, PayOK and Payday Select marked me paid in full.