PayDay Loan/VC Funding
Date: Tue, 11/14/2006 - 10:16
They go by many names, PD6 Ventures/Broadmoor Ventures/Xpress Ca
They go by many names, PD6 Ventures/Broadmoor Ventures/Xpress Cash, and all are part of Westbury Ventures. Here is the contact info. according to the BBB website and a letter I received....
Westbury Ventures d/b/a The Loan Shop/VC Funding
2756 N. Green Valley Pkwy
Henderson, NV 89014
Tel.: 800-853-7221
What state are you in, how much was the loan for, and how much have you paid so far? Depending on what your state's payday loan laws are, you may have already repaid the loan and then some, so it's worth checking out first.
VC Funding is connected with PD6 Ventures. You can call them at
VC Funding is connected with PD6 Ventures. You can call them at 1-800-859-6439 ext 358 and fax to 866-323-6555
Do you have a loan with them? How much have you borrowed and how much has been paid till now? Figure out from your bank statements and go through your state laws. If you have paid more than the legal charges, get in touch with your bank and tell them to block the company from debiting your account. You will get a call from them after being blocked, tell them that you have paid more than your state allows and get the account closed. Get all the communication in writing. Go through these links and know how others are working out a payment plan with them.
http://www.debtconsolidationcare.com/forums/xpresscash-ventures-2.html
http://www.debtconsolidationcare.com/settlement/about13047.html
Payday Loan/VC Funding
I am in the state of Indiana. Originally it was for a $200 loan. Since the date of the loan, I have paid them a total of $490.00 ($60 each paycheck/every other week. I just closed out the account yesterday but I am worried about them sending this to collections.
Jena - I am also in Indiana and had a loan with them. Indiana p
Jena - I am also in Indiana and had a loan with them. Indiana payday loan laws state that the maximum allowable interest/finance charges on a payday loan are $35 ($15 on the first $100 borrowed, $10 for each additional $100), so you were only legally obligated to pay back $225, which you definitely have done.
I would send them a letter informing them that you account has been closed and they will no longer be able to debit it. I would also state that you are requesting that they mark your account as "paid in full" because you have paid $490 on a $200 loan, and according to the payday lending laws of the state you reside in, they have charged you an illegal interest rate/finance charge, and you have also been made aware that they are not licensed in the state of Indiana.
State that if they are not willing to mark your account as "paid in full", you are prepared to file complaints with the Nevada BBB, Indiana Attorney General's Office and the Indiana Dept. of Finance so they can follow up on the matter.
Send the letter to them via certified mail, return receipt requested so you have proof that it was received.
Don't wait or threaten to file complaints with the AG, just do i
Don't wait or threaten to file complaints with the AG, just do it. I'm going to tell you from personal experience this is one company that hates to be notified by the AG's office they are in receipt of a complaint against them. They will mark you paid in full, you have been paying this loan long enough.
Payday Loan/VC Funding
Okay, so I should send the letter stating that this should be marked as "paid in full" as I have already paid more than enough to them.... ??? and they will just accept this???
Tiffany99... I do have the state laws for Indiana and obviously have paid way more to this loan company than stated in the laws.
Have you been in this situation with this company? will they actually just mark it as paid in full and it is that easy????
VC Funding
Is there a sample letter that can be used, and just insert Indiana's laws? Somewhere on this site there are cease letters also, I just can't remember how to find them.
You can copy and paste this link: http://pollyandsay.yesdebtfre
You can copy and paste this link:
All of your info should be there...
Go here You'll also find some letters in the books section
Go here
You'll also find some letters in the books section
http://www.debtconsolidationcare.com/books/
Jena, I was in a similar situation with this company I had a loa
Jena, I was in a similar situation with this company I had a loan with VC Funding and Xpress Cash, once my AG's office notified them of the complaint they settled me as paid in full ASAP. (Which by the way happens to be the name of another internet pdl I had). It can be that easy or you may have to stand your ground for a few days and keep demanding they mark you paid in full. And please do not believe them when they tell you they only have to follow their state's pdl laws and you agreed to it in the contract. That portion is null and void, you do not have the right to over ride your state's laws. Stand your ground, you may not have to fight them for long.
Payday Loan/VC Funding
Thank you Steelers...I really do not want to have to pay $260 more dollars to this company I have already paid $500 to!!
I would like to ask you... did you actually "pay off" the loan before you reported it to the State AG? Or did you just close the account and then report it to AG? How can I figure out if the particular company is licensed in my state?
You can call your state's dept. that regulates banks or you can
You can call your state's dept. that regulates banks or you can contact your AGs office. I actually did everything in one day. I closed my account, I sent the letters every which way imaginable, and I filed my complaints with the AGs office online. It worked out great, the next day the AGs office had my complaints and by that afternoon I had 3 internet pdls mark me paid in full, (I had actually paid way over the legal interest rate and principal by this time, so I was in the right to demand a paid in full status) Plus I can pretty much guarantee you that this company isn't licensed in your state, but double check to make sure. Don't pay them another dime, you've paid entirely too much as it is.
Some pdls will want to argue this with you but stand firm on you
Some pdls will want to argue this with you but stand firm on your demands and refuse to pay another dime, they will eventually back off and mark you paid in full if you have already paid the balance and legal interest rates. Some may be more stubborn than others.
Payday Loan/VC Funding
Oh thank you so much!!! This is just a never-ending head-ache!! But I do have the day off of work tomorrow so I am hoping to take your experience of all in a day's work and make it my own!!
I have this one loan w/ "VC Funding" and then another is with "SJM Marketing or Platinum B Services". Both for the same amount and same dates.
I still cannot locate websites for either of them but I do have the contact information.
Is there an easy way to figure out if they are licensed in Indiana?
Here is the link to your state's pdl laws: http://www.paydayloan
Here is the link to your state's pdl laws: http://www.paydayloaninfo.org/state_detail.cfm?id=IN
It will give you the links on govt. depts. to contact. I checked out the license data base and just as I figured, none of these pdls are lincensed in your state. I didn't find a single on licensed that is mentioned on this bored. Not surprising.
Steelers... what state are you living in? I went to the Indiana
Steelers... what state are you living in? I went to the Indiana state attorney general's office website and there really is not much I can find that would help me in my situation or enable me to make a complaint on these companies... ???
Also... how I can donate points to you??? I'm new to this websit
Also... how I can donate points to you??? I'm new to this website!! :)
I'm in OH, but here is the link which will help you file a compl
I'm in OH, but here is the link which will help you file a complaint with IN AG's office:
http://www.indianaconsumer.com/filecomplaint.asp
You will need to register as a member and you can start to earn points, but I want you to keep your points that you earn. I don't do this for the points, I'll admit it is nice to see them build up and you can cash them. But those are yours and you should keep them. But thank you for the though! :D
The address I have for VC Funding is: 2691 Richter Ave #120 Ir
The address I have for VC Funding is:
2691 Richter Ave #120
Irvine, CA 92606
And Xpress Cash:
PO BOX 26413
Kansas City, MO 64196
But these companies are affiliated with othe companies and have been known to jump from state to state. That is what Ameriloan/Rio Resources has done in the past.
Payday Loan/VC Funding
I am just very worried about this....
On the states website they say very clearly that they are not backing anyone in a legal representation and will only try to get both parties to comprimise on whatever their issue is. I am afraid that the payday companies will not care and still turn me into collections... and then i'll owe twice what I already do!!
You need to file your complaints with the AG. They need them, th
You need to file your complaints with the AG. They need them, the more they get the better. And trust me these companies do NOT like having complaints lodged against them with an AGs office. I had loans with both companies, I way overpaid the prinicpal and legal interest fees and I filed my complaints, my AGs website says the same thing. And they notified each pdl and they settled me as paid in full. I had the same fears you did in the beginning but things worked out.
Payday Loan/VC Funding
well that does make me feel better. I have talked with someone in the Indiana DFI, that is the same almost as the AG's office right? And he said they would contact the payday loan places but he wasn't very reassuring about the process either. He did say to close the account immediatly though... I am just hoping this works!!
You will be fine that is the dept. that would regulate these guy
You will be fine that is the dept. that would regulate these guys, follow his advice and close that account immediately, you are going to be fine.
thank you so much for all your help!!! I wouldn't have made the
thank you so much for all your help!!! I wouldn't have made the right decisions without it!! :)
wow. what great information. Does anyone have information for Mi
wow. what great information. Does anyone have information for Michigan?
vc funding
i have direct contact info for vc funding if anyone needs it e-mail email address removed as per forum rules - Mike
Oh my god!! I am having the ame problem i took a lon aout with
Oh my god!! I am having the ame problem i took a lon aout with vc funding and i can not find the contact number about the funds being taken from my account can some one please email me and help me!!! email address removed per forum rules - Goudah
Yeah I am at a loss...I don't know which address to use or what
Yeah I am at a loss...I don't know which address to use or what number to call I have found about 10 on this site..I know the one on Richter Ave in Cali is bogus for sure!
vc funding at it agin
got a loan from vc funding attempted to pay it back, lost my job shut down the bank account, vc funding has people calling me with threats to leave my job asap because the cops are on the way to come and get me, and i better pay back the amount which is almost three times the original loan amount? what should i do ?
I know this is late..but the real # to VC Funding is 866-281-901
I know this is late..but the real # to VC Funding is 866-281-9011. I just called them. It took me forever to find that! Hopefully it will help someone in the future.
VC Funding INC
I borrowed $300.00 from VC Funding INC on 11/16/2007 which was posted to my account on 11/16/2007. This loan was repaid via Electonic debit (ACH debit) on 11/23/2007 in the amount of $390.00, the exact amount I was to pay back in full.....I did not borrow from any other lender.
VC Funding sent me a letter stating they would pull out another $390.00 on 12/6/2007 and that is the dilemma I am now in trying to stop them from reaping off my hard earn money.
I call all the numbers and spoke with who I needed to but I believe the best thing to do is to close the account and call it a day.
WARN YOUR FRIENDS, FAMILY, CO-WORKERS, INMATES EVERYONE.....DO NOT BORROW MONEY FROM THIS COMPANY YOU WILL BE BLED DRY OF YOUR OWN MONEY.
I got a threatening email for VC Funding and Fleet Funding from
I got a threatening email for VC Funding and Fleet Funding from another company called MyMoneyChest.com, which is the website for Lansbridge Group. Also affiliated with a nasty collections company from Canada. They are ruthless and debited my account without authorization! The numbers for them are 866-661-4556 and 866-923-1115.
I even called them to try to work out arrangements and they are horrible.!
2 more websites for VC or Fleet: www.mymoneychest.com and www.ExpertCr.com .
A lady called my job yesterday and said she was from Atlas Media
A lady called my job yesterday and said she was from Atlas Mediation a law firm representing VC Funding and she started telling me that I had written bad checks to these people back in 2006 and she was in touch with my human resources department and was getting ready to have them garnish my wages for 2000.00. She said that if I paid 545. right away that would settle the account in full. So I did it like a dumby, now I'm scared I just gave them my money and I really need my money. Did I do something crazy?
Yep
You did mess up giving the attorney money. I will bet the same 500+ dollars it wasnt even an attorneys office.
1. Fair credit act forbids collectors to threaten consumers
2. Collectors will not tell you if they are going to garnish wages. they will just do it. To say they are going to and not follow through is a threat.
3. Collectors who are going to garnish are going to do so because they will collect all money owed to them. I have never in my life heard of a Pay Day Loan company garnishing wages. this is a high risk loan and not worth their time. They are making their money in outrageous fees and charging them over and over and over........