I need help!

I will recommend that you call the loan companies and put a proposal. They might be willing to work on your terms because they want to get their money back. If not, they will send it to collections and then you can ask your debt management company to deal with the collectors.

Look for the loan company's licensing info in this website.

http://www.flofr.com/licensing/Download/mtlist1.zip

I went to that website and none of these payday loan companies are on that list that I could see. Do I need to check the state that the PDL companies are in as well?? Either way, rollovers are not allowed and I HAVE rolled over these loans A LOT!! And I am sure I have paid off half of them just in interest payments. PLEASE HELP!!!

some pdl's don't assign the loans to collections they just use their internal collectors, ask your debt company if they will deal with the internal collectors from the pdl's.

First off you are not a horrible person!! You just got stuck in the pdl trap. I have been there and there is a way out.
Yes roll overs are just like renewals. You could go to your bank and ask for copies of your bank statements, they can go back as far as you need. You may have to pay for copies of them, but it is worth the price to know exactly how much you have paid to them. And while you are there I would close your checking and open a new one. And as soon as you do that you will have money to pay for the things you need.
When you start getting calls or letters from the collections dept. one these, get their info so you can add them to your management program. But first I would send letters to these places as soon as you find out how much you really paid them and try to settle the balances on your own. I am in the process of doing that myself right now. I had 10 internet and 10 storefront loans out at once. A couple of the internet loans my states DFI have right now and they tolf me not to pay until I hear from them. So if you write letters, send them out cert. mail with return reciept requested. Keep a copy for yourself. Some people in here got their loans marked PIF. I would hope the same goes for you on some of these loans.

No, in Florida the pdl's should be licensed in Florida to be legal. I would call your state's banking dept and or attorney general's office and make complaints against these companies.

Also, yes, close your bank account. If you've paid more then you should in "fees" alone, then you should close the account. The pdl's will not work with you if they still can get into your bank account.

When you close your account be sure to ask your bank what their policy is on closed accounts and ach transactions. Some banks will "force" open the account if an ach transaction goes through within like 30 days of the account being closed. If you bank does this ask them to put the account of credit only, or whatever they call it. It makes it so only money can go into the account. For money to be withdrawn you have to be in the bank and ask them to lift the hold. Stop payments won't work as these companies have many different names and will still hit the account using paper checks.

Okay....should I just close my account as soon as possible? And open another one? I just don't know what legal recourse I have. I want to pay the loans back, but I want to pay what I owe, not all these fees. The thing that gets me is that Florida law says that there are no "rollovers" allowed. What does that mean??

My bank told me to close my account completely. They said that even though my account is overdrawn (thanks to these stupid loans) that the worst that will happen is I will get sent to Checkystems. But she said that if I open a new account now at a different bank, then its not a big deal. My account has been overdrawn every payday for the past three months and I've had to borrow money from friends in order to stay afloat. I can't do it anymore. How would I go about reporting these companies to the Attorney General's office?

I would close your account now, do not wait for them to take more fees out of your hard earned money. Then send your proposals to the pdls stating what you have paid, and what is due and when you will be paying and how much you will pay, and stick to your payment arrangement. Demand that you pay with money orders, if they don't want to give you a physical address insist that this is the only way you will be able to pay them and most importantly DO NOT give them or anyone else your new account information.

So I should try to settle them myself first? I would almost rather let my debt management plan settle them for me, but if I have in fact paid some of these off just by renewal fees (since rollovers are not allowed) what do I do? what types of letters do I need to do? I dont understant a lot of the laws (its all a bunch of gobbledy gook to me). COuld someone help me write a letter???

If you are already in a debt consolidation plan, ask them if they are willing to deal with the pdl's some will and some won't, but you will need to know the amount of your loan, renewal fees if applicable and how much you have actually paid to the pdls. I'm not much good with the laws and the letters but there are letters here on the site that you can access and modify to fit your situation, hopefully the moderator can give you the link and advise you that matter.

Definitely close your bank account and open a new one else where. Get control of your paycheck. If you want open a new account at another bank. Be proactive and get these pdl's to play ball on your terms. Get the info on Florida's PDL laws (I did and it's like having a nicely sharpened sword of knowledge). Most of these companies (or all of them) are probally not even licensed here and that's more ammo for you. The more you know about the laws the less they can try and bully you with nonsense. The tune always changes when they know you know what you are talking about.

Hanging in there and God Speed!!!!

-S

Thanks for all of your advice! I am going to open a new account tomorrow. That way I can pay what I need to pay (car, gas, daycare, phone, cable, electric, water) and start paying my friends back! Paying them back is more important to me than these loans! Can someone send me the link to the sample letters?

I am so angry! I just went back to see how much I have actually paid on these loans, just in fees and this is what I've found:

Payday Select- Original Loan amount was 500...I have paid ` 344.42 so far in fees
Paycheck Today- Original loan amount was $300- have paid $270 in fees
Cash Tree- Original amount was $300- have paid $300 in fees and my balance is $395
Eastside Lending_ Original amount was $300 (I think)- I have paid 462.50 in fees
Payday Yes- Original Amount was $300 ( I think) - I have paid $480 in fees
Payday CashLink- Original amount was $300- Have paid $180 so far in fees
One CLick Cash- Original amount was $300- I have paid $180 in fees
United Cash Loans- Original Amount was $150- have paid $165 in fees
VC Funding- $250.00 Have paid $150 in fees

Now what do I do??? I have paid off almost ALL of these loans in full.

Post Removed.Cajunbulldog

Thanks, but I am trying to get rid of payday loans, not get further into debt by taking out more!

I just spoke to the collection department at Payday Select. I am past due on this account and I owe $761.00 on a $500.00 loan. They are willing to settle for $500. I don't have that kind of money. They won't accept a money order; Debit/Credit or Western Union only. They want my answer today. I am at work and crying like a baby!!! Someone please help!!

Can someone tell me if Payday Select is licensed to do business in Florida??

Buble - Just know that these companies can not DO ANYTHING to you. They will threaten and lie and get you all twisted up inside. They are trying to scare and intimidate you into paying more then you legally owe.

Payday Select isn't licensed in Florida. I would tell them you will pay them what you owe, and that from now on you will only communicate through email or letters. That way to can possibly avoid some of these upsetting phone calls.

I would write letters to all the pdl's and tell them the same things -
1. You revoke any and all authorization you gave them to debit in any way any account you may have.
2. You revoke any and all wage assignments you may have signed.
3. You will only communicate through email or letter. All communication MUST be in writing or you will not respond. Also, they are not to call you at your place of work under any circumstance.

You can also add the info about them not being licensed, and not following Florida laws on rollovers here.

I would also contact your states dept of banking and attorney general's office and file complaints against these companies.

Take a deep breath. Just know that there really isn't much they can do to you. That is why they are trying to scare and intimidate you into paying. A legitimate company would have legal recourse to collect on the debt. They don't!

Also I would not pay them by debit card, credit card, check by phone, western union or money gram. The will continue to debit your debit card or credit card as often as they do your bank account. When mine were at their worst I had closed my account and when the called I told them I didn't have a bank account, one of the collectors actually insisted that I give a friend the money I owed and get the friends checking account or credit card info & give it to the pdl so they could get their money. They will try anything to avoid letting the public know where they are actually operating from, probably because they are operating illegally in most/if not all of the 50 states. Just keep insisting if they want their money you will pay them however you will pay by money order only.

I downloaded the COmplaint form for the AG's office and have printed out all of the loan info and I am sending it to them soon.

Hey Bublefan1,
First off... Stay strong. They will bully you. One of mine called me at work today and began the usual borderline harassment talk. They cannot do anything, except maybe report your unpaid debt. Keep a cool head about it all. I almost lost my cool with this person and that won't help either. I'm working with a debt management plan and I had my counselor call them back. Even though they said they own't talk to athird party. BLAH BLAH BLAH...
The main thing about Florida laws on PDLs you should focus on is the rollover, meaning what ever is loaned is paid back on your next payday (including fees, etc...) Also, the interest amounts are extremely important. Most Internet loans charge way to much. I'm sure someone on the forum can help you calculate what you really owe. I'm new to this myself and learning as I go and I don't want to misinform you. In Florida criminal action is prohibited. They might try to sue you, but the reality of court fees and such make that highly unlikely. Due to the fact that most internet payday loans are not licensed in Florida (or anywhere) will help your case. Don't stand down you are on the right track.

-S

Well, I had been hiding this terrible secret from my husband and I finally broke down and told him about my payday loan issues. He is going to pay them off for me. He just wants them gone, so we can move on. I feel like a great big weight has been lifted off my shoulders. I WILL NEVER EVER GET ANOTHER PAYDAY LOAN AS LONG AS I LIVE!!!! I just need to get United Cash Loans and One CLick Cashs numbers. Wanna hear something funny? I searched on here for a number and found one. I called and the lady said "thank you for calling" I asked her if this was United Cash Loans and she said "maybe" How funny is that? Then I asked her what my balance was and she said that I would have to call customer service; that I had reached the collections department. So I asked her what the customer service number was and she didn't know!!!

Also, I settled with Payday Select for $350. I dont want to fight with them. But she wants me to send the money Western Union. I don't feel comfortable doing that. Should I mail a money order? How can I make sure that they get it??? Does anyone have the address?? How about for One Click Cash and United Cash Loans?

I just got all my balances and I owe $2622.59 in PAYDAY LOANS!!! I cannot believe it!!!!

I just read Marauders11's success story with Payday Ok. I have a loan with Payday Select that I want to try to have marked Paid in Full and possible get a refund. This is the situation:

I originally took the loan out on 4/24/06 for $250.00. I paid all of the interest payments as I was supposed to, but I also took every increase that they offered. The total amount that I borrowed was 597.51. I have paid back $1238.65 already. How can I word my letter using the Florida laws to make them understand that I WAYYYY over paid this loan? I don't know how to figure out how much I should have paid. And besides that, ROLLOVERS ARE NOT ALLOWED IN THE STATE OF FLORIDA! How can I word it? This is the only one I really want to fight because it's in default and my balance is $751.00. They offered to settle for 350.00 but I don't think that's acceptable! PLEASE HELP!! I want to send the email today!

Here You Go- make sure that you log-into your account BEFORE sending anything and print out a copy of your loan history- Once you start this process they will de-activate your log-in access.

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Thank you SOOOOO much! I just sent the email to them! Did they ask you to provide any additional information??

Can anyone tell me if paycheck today is licensed in Florida? I don't think it is!

No problem- let me know how it turns out.

They did not ask for any additional information. My position when dealing with these PDL companies was to send them all letters and then let them refute my claims. If they are legit and have followed the laws they will let you know about it and worst case is that you may have to work out a payment arrangement with them. If they are not legit hopefully you will get them to send you a "PIF" notice, or if you hound them enough and substantiate your hounding with factual information at the very least they will cease and desist and at let the matter drop. Best advice I can give is to be firm and diligent- take control and force the action, don't let them tell you how it's going to work- you tell them what you are willing to do and not do and stick to it regardless of what they try to do to dissuade you.

As for Paycheck Today- I don't think they are licensed anywhere? Do a search on the main page and you'll see some reports on how others dealt with them.

that was me, BTW- I forgot to log-in before posting.

Hey Marauder.

How long did it take for these people to respond bacl to you? Should I just continue to send them emails everyday until I get a response???

I received a response from Payday Select saying that they were reviewing my claim and they would respond within five business days. How often should I send letters to my other lenders? I sent each of them an email on friday and gave them 24 hours to respond. The only one I've heard back from is Payday Select.

I would send them as often as you feel like. They would have no qualms about contacting you as often as they wanted. There is nothing wrong with contacting them every day until you get an answer, in my opinion. Payday OK and Payday Select were the most cooperative ones that I worked with.

I still have not heard anything from any of my lenders...just Payday Select which said that they would get back to me within 5 business days. I am not sure how to word my 2nd letter to all of the other lenders that have not responded! HELP!!!!

Still nothing from anyone! I did get a "courtesy call" from Eastside Lenders stating that my payment would be debited on 5/14 from my account...no it won't! I just sent them a letter..again. I just really want to settle most of thses as soon as possible! I technicall only owe most of them like $30-$60 dollars and want to send them what I owe. Should I go ahead and send them what I legally owe, or should I wait to hear back from some of them??? PLEASE HELP!!!

Bublefan, revise the state laws once again to make sure what you actually owe and then draft the settlement letter. If you don't want the debit to take place, tell your bank and get their debit blocked in advance. Show all the payment details to your bank so that they are willing to help.

I have already closed my account at my bank and have done all of my research as far as state law and how much I owe, etc... I am just wondering how long it usually takes to hear back from these places. I am willing to pay my debt, but only what I legally owe, not what the PDL company says I owe. Legally, between all of my loans together, I owe about $200.00, which I can handle. I am just wondering if I should wait to hear back from them, or if I should go ahead and send them what I legally owe them.

I went to my Paycheck Today account and yesterday it said that I had a payment of $390.00 due to be taken out on 5/14. I sent them ANOTHER email, stating the Florida law and that I will only pay them $40.00 which is what I legally owe them. I have not heard a response yet, but when I went to check, it says, "We cannot process your loan request at this time". Does that mean they received my email???

It also says under "Status" --Deny New

[color=Indigo][/color]Still waiting on answers from my other lenders....... I am going to send them a certified letter now, as e-mails are not working very well!!

Certified letters are always best. That way you have proof that they recieved the letter!

I know it sucks to wait, but be patient. Sometimes it takes quite a while for them to respond.

Sometimes it takes a long time before you hear from anyone and sometimes you don't hear from them at all. Be patient and don't be afraid to send more letters, even if it is the same exact letter you sent before. I did that with my pdls, sent the same one a couple of times with a note saying 2nd letter, 3rd letter, etc.

okay..well I closed my account and opened a new one which NO ONE will have access to. So I will just send out certified letters with what I LEGALLY owe them in a moneyorder and that should be okay, right?

I would think so.

Okay, then that's what I'm doing! I am going to send them what I legally owe them and hopefully that will be good enough.