I wonder if this will work?
Date: Tue, 12/05/2006 - 08:14
The first 3 were piad in full with me paying a total of $721.06 on a $400 loan.... $883.80 on a $400 loan ....and 831.79 on a $380 loan.
I'm in Indiana and I think my max interest is 15 dollars per 100.
I now have a loan that I defaulted back in August on and the total amount of the loan was $500. I paid a total of $167.58... which tells me i still owe $407.42.
I wonder though ifI can send them an email with my loan history and how much I overpaid and a copy of my state's laws and if they will mark my account PIF?
Good luck I am in Indiana as well. I haven't delt with this comp
Good luck I am in Indiana as well. I haven't delt with this company..But good luck. I say send the letter contact the AG and hope for the best. The law is on your side.
Hi KSpenneberg welcome to the boards. It can't hurt to try. Ju
Hi KSpenneberg welcome to the boards. It can't hurt to try. Just be very precise and eacat with your letter also send it certified mail. Also if it doesn't work the first time try it again, IPDL companies are wishy washy. Good luck and keep us posted
The pdl place should know that you are aware of your rights and
The pdl place should know that you are aware of your rights and the laws in your state. They are not supposed to charge more than the permissible amount. Send the letters and claim for a refund.
Payday Lending is Legal in Indiana under the following termLegal
Payday Lending is Legal in Indiana under the following termLegal
Quote:
Status: Legal Citation: Ind. Code Ann. ???? 24-4.5-7-101 et seq. Loan Terms: Maximum Loan Amount: $500 (not to exceed 15% of borrower's monthly gross income) Loan Term: Min: 14 days Maximum Finance Rate and Fees: 15%: $0-$250; 13%: $251-$400; 10%: $401-$500 Finance Charge for 14-day $100 loan: $15 apr for 14-day $100 loan: 390% Debt Limits: Maximum Number of Outstanding Loans at One Time: One per lender; Two total Rollovers Permitted: None (cannot renew, repay, refinance or consolidate) Cooling-off Period: 7 days after 6 consecutive loans Repayment Plan: After 6 consecutive loans, lender must impose a 7 day cooling off period or convert to an installment loan payable in more than 4 installments at a rate no greater than 36% APR Collection Limits: Collection Fees: One $20 NSF fee; additional charges may apply when check or authorization to debit was used to defraud another Criminal Action: Prohibition Where to Complain, Get Information: Regulator: Indiana Department of Financial Institutions Address: 30 South Meri dian Street, Suite 300 Indianapolis, IN 46204 Phone: (800) 382-4880 Fax: Regulatory Contact: Mark Tarpey,, Supervisor, Consumer Credit http://www.in.gov/dfi/ |
Polly has a good letter that you can use when dealing with IPDL, just change the information to reflex your state's information
I would definitely say to at least try. Sometimes, when push com
I would definitely say to at least try. Sometimes, when push comes to shove, these places will cave in just to avoid problems. Good Luck!
KSpenneberg, I was just dealing with them also. They turned my
KSpenneberg,
I was just dealing with them also. They turned my account to Credit Protection Depot. I spoke with a supervisor there because pdls are prohibited in my state. I paid 325 on a 300 loan and they said i still owed 600+ more dollars. I spoke with a supervisor named Jason and explained my situation with him and told him i was filing complaints with the AG's office. He turned right around and marked my account paid in few and within a few minutes of our conversation i had the PIF email.
You wouldnt believe this
I went to log into my paydaymax account today and it no longer exists. My passwords dont work...and i tried to reset the password and it still doenst work. Anyone ever had this happen?
Paydaymax locked me out right after i hung up with credit protec
Paydaymax locked me out right after i hung up with credit protection depot on 12-4-06. I tried to log in within minutes of hanging up with them and it said my access has been denied. I even tried again today and it is locked. Its odd though because i logged in the monday morning before calling them.
My account with them does not work either. I think it stop work
My account with them does not work either. I think it stop working when they sent me a final notice. They were about to send my account to a collection agency. You best bet is to speak with a supervisor. I contacted them at least 3 times by phone and 10 times by email. I followed Traci78's advice and was able to get my account marked pif. Make sure you understand your state laws and don't back down.
Payday Max is charging me over 1200 for a 500 loan.
I live in Wisconsin. Can they still do this? Do they have to be licensed to lend in Wisconsin or can they do this with Wisconsin being one of the states not having laws against them.
You have come to the right place for help, most of us have been
You have come to the right place for help, most of us have been there and have some experience dealing with these creeps. I have set up a one stop shop for new people coming on to the forum, you can access your state law and pull template letters all in one spot. Please be sure to read the tips first. You will defineately want to use your own wording and plug in your state information. In the letters I used Pennsylvania's information because that is where I live. You can copy, paste and edit these examples in word then send them however you choose.
To get there just hit my link in my signature section at the bottom of this post.
also, the page is a work in progress, would appreciate any feedback you may have on the poll that is going on for a new blog. thanks
15 payday loans
does any aone have the ifo for T& C i really need to consolidate. I am really depressed over this MESS that I have gotten myself into