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Help us get control of payday loans!

Date: Sat, 08/11/2007 - 08:42

Submitted by krichards418
on Sat, 08/11/2007 - 08:42

Posts: 37 Credits: [Donate]

Total Replies: 65


It all started a few months ago when we fell behind on some bills. We took out the first payday loan and when it was time to repay we had to extend the loan which caused the need for a second and so on. We are currently $3000 in debt to payday lenders. The majority are internet and two store front. We don't know what to do...with the fee's, our entire paychecks are gone! We are worse off now then we have ever been. Can someone give us advice on how to try and work with these people? We live in Ohio and I'm not sure what the laws are. Some of these loans we have probably paid twice the amount of the orignal loan, but it is all in extension fees. Thanks


So, is this yet another case of the employer not being educated regarding the fact that wage assignments are voluntary?


lrhall41

Submitted by cannr on Wed, 09/19/2007 - 13:23

( Posts: 9317 | Credits: )


kri, according to what the law says, you can try to put up a fight with your employer. As stated, this is yet another case of the employer not being educated and honoring the wage assignment. Unreal.

lmk, let us know what happens tomorrow.


lrhall41

Submitted by cannr on Wed, 09/19/2007 - 18:59

( Posts: 9317 | Credits: )


I thought I had all of this taken care of and I suddenly received a call from "Quick Cash Direct" stating I still owe them money. I have tried numerous times to get a physical address for this company with no success. I sent an email revoking ACH authorization and wage assignment which they responded as they received. Two monthes ago they tried to debit my closed account. This company did send me a breakdown of all my payments and they owe me a little over $400. At this point I would be happy if they would just stop harassing me and show the account pif. Any help would be appreciated.


lrhall41

Submitted by krichards418 on Wed, 12/26/2007 - 08:35

( Posts: 37 | Credits: )


I just received a collection letter from Valentine & Kebartas in the amount of $3.12. I called the number on the letter and was transferred to a man who could not speak english very well. He said the debt was for Cash Transfer and to send a "money order in the mail to the address". I had asked to speak with someone else because of the language issue and he told me "his supervisor said he had been on the phone with me for five minutes and he had to hang up". I had attempted to speak with someone 4 times with no luck. Should I just send them the $3.12 and be done with it? Is this company legite since he told me to send a money order not a check?


lrhall41

Submitted by krichards418 on Fri, 02/29/2008 - 10:30

( Posts: 37 | Credits: )


Oh my God! $3.12? And it's from Cash Transfer Centers? Kash, good point - send them a debt validation letter for the $3.12! They can't validate it anyway since this is an illegal debt. Cash Transfer Centers is illegal. Amazing! I'm actually surprised they didn't go so far as to send a friggin wage assignment for $3.12! :evil:


lrhall41

Submitted by cannr on Fri, 02/29/2008 - 11:12

( Posts: 9317 | Credits: )