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loan caused me to go into overdrafts

Date: Wed, 11/15/2006 - 18:13

Submitted by shanellg
on Wed, 11/15/2006 - 18:13

Posts: 13 Credits: [Donate]

Total Replies: 20


hello,
i was wondering if this was the payday loan plce i received a loan from? if so will someone please respond to me asap. im in a bad situation and having a financial hardship with my bills. the situation accured when a company took monies from my account and was not suppose to. this caused me to go into overdrafts, and the bank ended up closing my acoount because they told me that i would never catch up and all my paychecks were being waisted because the bank was taking my funds to cover for what the company had done to me. i reported them to the better business buearu and i have a few payday loans that want to take me to court. i didn't close my account on my doing, the bank felt that it would be in my best intrest. i need help.
[color=red]Personal information removed for your safety-Mike[/color]
please help if you can,
shanell


hello again,
i ws wondering if there was anything i could do? im not the type of person to not pay there bills, but i found out that payday loans are illegal in my state. does that help me, if they try to give me a record.


lrhall41

Submitted by shanellg on Wed, 11/15/2006 - 18:38

( Posts: 13 | Credits: )


What state are you in? If they are illegal in your state I am safe to assume that these are interenet and not storefront pdls. Since they are illegal you are only obligated to payback the principal balance only, and if you have already paid that back with the illegal roll overs and interest charges then you should demand they mark you paid in full. You need to file a complaint with your AGs office as well.


lrhall41

Submitted by WHEREAMI? on Wed, 11/15/2006 - 18:41

( Posts: 5263 | Credits: )


im in elizabeth city nc. i don't know how much i've paid because everything was coming out of my account. i don't know what to do because they are saying that they might take me to court and that i will have a record. they say that they are going to issue an affadavid on me.
thanks,
shanell


lrhall41

Submitted by shanellg on Wed, 11/15/2006 - 18:53

( Posts: 13 | Credits: )


vc funding, arrowhead funding, ameriloan, emarel funding, payday sevices and i think there is one more, but only three of those companies has a peson call me at work tonight saying that one loan was 490,700, and 540. the lady said that interest has accured, and thats why it's so much and that i had to pay 490 by friday, or i would get into trouble and had a record. the lady also told me to get the money from family. she said the us national bank were the one that issued me the money and they are the ones that is fileing the complaint. she said that the payday loan people won't talk to me, but tonight i called them and left a message. im really worried that they are goign to get me,
shanell


lrhall41

Submitted by shanellg on Wed, 11/15/2006 - 19:11

( Posts: 13 | Credits: )


If you have paid back the principal that is all you are required to pay. I spoke with the NC AG and he instructed me to do that. Since they are illegal in NC, you are not required to pay back interest or fees. They will threaten you, but I know, b/c I have been through this and have filed several complaints with the AG's office on them. Once you calculate how much you have paid, send them a settlement letter that you can get from http://pollyandsay.yesdebtfree.org
and email, mail, and fax it if you can. It will allow you to change the name of the company and fill in the NC laws on payday loans. Let me know if you need any of the info for NC laws and I will post it here.


lrhall41

Submitted by natdust20 on Wed, 11/15/2006 - 19:17

( Posts: 1345 | Credits: )


ok, also how can i get in contact wit the NC AGs office


lrhall41

Submitted by shanellg on Wed, 11/15/2006 - 19:26

( Posts: 13 | Credits: )


You can actually go here http://www.ncdoj.com/
That will take you directly to the site, then you will click on consumer protection, and go to complaint form. You will have to print it off and fill it out, then mail it. Before I sent mine, I calculated how much I paid so I would have the exact info. Good luck and let me know if you need anything else..


lrhall41

Submitted by natdust20 on Wed, 11/15/2006 - 19:28

( Posts: 1345 | Credits: )


i would really appreciate it if you could post the laws for me in nc.


lrhall41

Submitted by shanellg on Wed, 11/15/2006 - 19:35

( Posts: 13 | Credits: )


Sure here they are, these are the ones that included in my settlement letters...

Quote:

North Carolina Gen. Stat. 53-281 laws: Legal Status: PROHIBITED (N.C. Gen. Stat. ???? 53-281 authorizing payday loans allowed to sunset in 2001)

Citation:
The consumer finance act applies. N.C. Gen. Stat. ???? 53-173

Small Loan Rate Cap
36% per year


lrhall41

Submitted by natdust20 on Wed, 11/15/2006 - 19:39

( Posts: 1345 | Credits: )


I hope that this helps you. I am sure that if you get your settlement letters going to the companies, they will start to leave you alone or even mark your acct paid in full. Now some of them might get hard to deal with, but DO NOT back down. Make them think that you know the NC laws like the back of your hand..


lrhall41

Submitted by natdust20 on Wed, 11/15/2006 - 19:41

( Posts: 1345 | Credits: )


yes the lady called from bass and assoiciates. she called me again this morning. what should i do. she said that it doesn't matter what info. was given to me or who i spoke with and it doesn't matter what the laws are in my state, i have to pay everything because i got the loan off the internet. please help.


lrhall41

Submitted by on Thu, 11/16/2006 - 07:07

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Those ppl are crazy just look on here @ all of the posts about them. They are currently under investigation. I paid those creeps $820 for a $300 loan. Did she tell you that she was going to download affadavits into the system and you were going to be charged with internet and check fraud. They are full of hot air..


lrhall41

Submitted by natdust20 on Thu, 11/16/2006 - 08:41

( Posts: 1345 | Credits: )