Somebody please help me with how to get out of pdl hell!!

Okay! We can help you! :D I'm posting your state law for us all to see. Then I'm going to go back and check your pdl's. I believe you have some illegal ones. You've come to the right place! Hang on! :D

You will find the Payday loan laws forMontana here (just select your state),

http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

Thank you, I've been so stressed lately I don't know which way is up any more.

You've come to the right place, I have 7 PDL's....this site has been a life saver! Cannr is awesome and really knows her stuff, she'll be back with some great advice!

Paychecktoday.com--borrowed $200, paid $525- that one looks paid to me...

US Fast Cash--borrowed $350, paid $575- looks paid to me..

have to eat-

If they look paid, how do I get them to stop taking money from me?

If you have direct deposit, have your employer stop it immediately. My employer was able to stop mine the same day I asked. This way you will get a check and have control over your money. You should also close your bank account, but read this post prior to doing so.

http://www.debtconsolidationcare.com/paydayloan/close-account.html

Once you get control of your money, it will be much easier and less stressful to deal with this companies. It's been a total weight off my shoulders since I opened a new account, and receive an actual paycheck. Now I can decide who gets paid and when. You will get through this, everyone on this site has been just wonderful.

Hang on. You've got some illegal companies here. Hang on. Let's not get ahead of ourselves here.

I'm figuring your numbers out now and who is/is not licensed. You've got a load of illegal ones. Criminal action is prohibited in your state (this is a good thing). You are going to need to close your bank account. There is a "sticky" at the top of this site page regarding closing your bank account. Read that. It's very important you do it correctly. If you have any questions regarding the bank account, post it. No question is a dumb question. I am working on your amounts and who is not licensed/legal. Hang on. Read the bank info. while I'm doing this. The majority of your pdl's are not going to be licensed/legal.

Ok, I canceled my direct deposit earlier this week. I was going to close my account today, but jumped on here first and decided it was probably not the best idea yet. So Cannr, I'm gonna wait for you for the next step.

Some info I found about Montana law - Starting Oct 1, 2007, they changed their licensing requirements to include internet based lenders. That may mean that loans given before that by internet based companies did not need to be licensed by Montana. I'm looking into it.

Also, and this is good!


http://data.opi.mt.gov/bills/mca/31/1/31-1-723.htm

lb, you need to do this immediatley. You have a loan with Cash Transfer Centers. Highly illegal. You need to type up a letter revoking any wage assignment you may have signed with them. You need to do this NOW. I mean NOW. All you have to do is type it up saying "I (state your name) revoke any wage assignment I may have signed with your company, your partners, or any of your affiliates." Make sure you put Cash Transfers name/address/phone/fax on it. Make sure you TYPE (not sign) your name. Do this NOW. They are notorious for doing wage assignments. Which means they will try to send something to your employer to take money out of your paycheck. Wage assignments are totally voluntary by your employer; however, most employers do not know this and take money out of your paycheck and give it to the illegal company. Type this letter NOW. Email it the Cash Transfer/fax it to them/send a copy in the mail to them. NOW. Keep a copy for yourself and give a copy to your payroll person. It is very important that you do this to protect yourself from them trying to get money from your employer.

Cash Net USA is the only company I found a license for . . . .

goudah, what do you mean "October 2007"? Does this mean anything now? Also, lb's internets are not licensed/legal companies anyway - except one I have a question on - CashNetUSA. All the others are not. Period. But CashNetUSA - licensed or not??? I hate CaShNetUSA.

Montana has some specific laws about wage assignments:



http://data.opi.mt.gov/bills/mca/32/5/32-5-310.htm

So should something happen and one of these companies tries to put something through, please show this to your employer. The law state that it is up to the employer if they want to honor it or not.

I never dealt with cashnet but I hear they are one of the worst ones to deal with....take their advice........

They are licensed under the name Cash America Net of Montana, license number 252.

I know that Nationwide is licensed in New Mexico. So if Montana allows companies to be licensed in other states, they would be legal. I'm trying to get some clarification on that now. The new law doesn't go into effect until Oct 1, 2007, so it wouldn't apply to this situation.

lb, close your bank account. Read the "sticky" information at the top. Post ANY questions regarding closing your account. When are your pdl's due to hit again? CashNetUSA is the only licensed pdl. The others are all unlicensed/illegal. I've got your totals.

PayCheckToday - borrowed 200/paid 525/OVERPAID 325
Loan Shoppe - borrowed 200/paid 360/OVERPAID 160
USFastCash - borrowed 350/paid 575/OVERPAID 225
500FastCash - borrowed 300/paid 270/ OWE 30BIG - borrowed 200/paid 225/OVERPAID 25
Nationwide - borrowed 200/paid 60/OWE 140
Impact - borrowed 200/paid 60/OWE 140
Cash Transfer - borrowed 300/paid 0/OWE 300
FastWire - borrowed 300/paid 0/OWE 300

CashNetUSA - borrowed 200 - paid 0 - let me look into this one further.........

great work Cannr!

ok, i have some questions about closing my acct. I do have some outstanding checks. Some of which will not hit my bank until friday, which is also when my pdl's hit. What do I do?

Looks like goudah is on it. :D

I put a block on mine- they charged me a fee but it was worth it......the pdl's hit and they were rejected.....

Cannr--i typed up the letter to Cash Transfer Centers. Do I do all three to send it to them or do I need to do just one of them.

I want to go to my bank today before they close. Since I have outstanding checks and nothing to revoke ach deposits, what do I do so i don't get nailed friday?

I would tell them that you are working with the Dept of Banking to stop these illegal companies from taking anymore money. Stress illegal. Tell them you have revoked authrozation for them to debit the account. Type up some letters, date them last week, and take them with you to the bank as proof. Tell them that you have some checks coming through, but you need to block these illegal companies from taking any more money. Tell them stop payments won't work as each company has several dba's and will just debit under another name. They may be able to do an ach block.

Gotta love quick responses from state officials! :D

I need for you to do the revoke of wage assignment for BIG also! Just noticed that one, too! Geesh! Do the same thing you did for BIG that you did for Cash Transfers!

I'm leaving work & going home. I'll be back on. But do this letter to BIG also, now! :D

Hang on and I'll be back!

does anyone know if it is ok to just fax my wage assisnment revokes?

Ok, so I didn't make it to my bank today, but I am going first thing in the morning. Wish me luck. I will check this before I go if anyone was any last minute suggestion or answers to any of my questions. Because I work tomorrow I won't be on until late after that.

lb, just to cover your butt fax/email/mail the wage assignment revoke letter. I did it all. Everything I did, I faxed/emailed/mailed. I would definately put a copy in the mail for them. Keep a copy for yourself. Give a copy to your payroll person. Do you have any other questions?

I can fax and email both of them, but I do not have an address for BIG to mail it. Is there any way to find it?

So incredibly illegal. They are overseas; however, they have a US "drop box" for mail. Here it is:

If you are looking for them their phone number is 888-281-5321 or 775-324-7676. Their address is 1005 Terminal Way, Suite 110, Reno, Nevada 89502.

So my bank account is closed. Now what?

LB, now you have control over your finances. Did you do the wage/revoke letters as Cannr advised? It is important to get these completed. You can also file complaints with the BBB on their site. Ans your state regulating agency. If you have any questions about this stuff, just ask. Roxy

lb, did you only do the letter revoking wage assignment? Or did you do a letter revoking debit authorization and stating your pdl law?

I did the wage assignment letters. No sure how to do the other letter

lb, do you know how to do pm to members?

I thought I did...but I guess not

Underneath a person's post is a little button with two people on it that says "pm". Click on that button. It will take you directly to that person and you can send them a private message. You also need to know how to retrieve your messages. On the side of your screen you will see that you have 0 messages or 1 message or whatever. Click on that and it'll bring you to a page where you will have a message waiting for you. Click on the message. You will receive it and you can reply to it. Want to try it out?

how do I get it out of my outbox...i press submit and it just goes there and won't send

I got yours. See if you can retrieve mine.

Thanks cannr. I already have a question though. When quoting my state laws, can I use the blub that was earlier in this post, or do I use the one on my states website that is like 4 pages long?

I'm going to pm the law for you to put in the letter. Use what I am pm'ing you. :D

THANK YOU SO MUCH!!!!

lb, anytime, my friend! :wink: We're here to help!

Today is the day that my pdl's are going to be returned. I'm excited and scared at the same time. Something else I found interesting. BIG called me 3 times within 15 minutes this morning, because the have recieved my fax for the revoke on the wage assignment.

lb, BIG will call you 20 times a day every day. They are relentless. Try not to take thier calls. And, watch out. I, too, revoked my wage assignment. Got hit with one yesterday anyway! God love them all.

I am an idiot. I forgot one of my pdl's. It is Cash Borrower.com and I borrowed 300 and have not paid anything. they were the last one I did on 9/4, so that is why I forgot them.

lb, just include them in your letters. What's one more? LOL! :D