Licensed or unlicensed pdl

I will let Goudah or Cannr get this one. They are very knowledgable with this detailed stuff.

It depends on the state. What state are you in? And which company are you referring to?

Afternoon - I live in Illinois. Companies names are PaydayAvenue.com & company doing business as ImpactCash USA.

I am going to post the laws for your state:
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

Thank you! They are definitely charging (or trying to) more then the limits outlined by IL state law. I will certainly use this info to my advantage. Thank you!

No problem! :)

Hopefully someone will come along with more info on your particular PDL companies. I haven't dealt with them personally, but I can make a pretty safe bet that if they are internet lenders, then they aren't licensed/legal. How much have you paid them to date?

Long story short; not too long after the inception of the loans; I received a letter from Certegy Check Services advising that an employee of theirs had sold tons of personal info; checking acct #'s; debit card #'s, date of birth, address. Basically all the info needed to financially ruin me! Someone applied for a mortgage !! Im a single mom living check to check. I was & still am petrified that someone did this! Subsequently I had to close out my checking account. These companies were never able to get any $ from me. Ive been putting off calling them back. I feel more confident now. Loan to PaydayAvenue.com was for $200
and then Impact USA was $ 300. Oh yes! One more Avantis Financial for $ 250.

Jen, thank you for that quick response, and I will add you to my "knowledgable list". :wink:

Jen. that was my comment above. Forgot to log in....again.

Jen - per conversation with PaydayAvenue; they state that they have a wage assignment I had electronically signed when I initially took a loan 4/07. I re-loaned in August & signed a new loan agreement, there is nothing in that agreement about a wage assignemnt. It actually reads that security for this agreement is the ACH thru my account. I've asked for a copy of this supposed assignment & their rep is referring me to an office in MALTA !!!!

Thanks Anthony! :D

Hvn, you have to revoke any and all wage assignments ASAP!!! They are completely voluntary!! Don't let these jerks get away with that!

ETA-if they are overseas, then they are totally illegal. I am dealing with one of those myself, Staradvance. Located in Costa Rica. Unreal.

Jen - I did revoke the one with the company that referred me to Malta. Bare in mind, they cant seem to produce a copy of it !! I have a fax confirmation; I also checked their website & the revoke notice is showing in my folder (they scan any & every thing you send them).

HVn, you need to do as jen says and revoke any and all wage assignments even if you do not think you signed one and take them to your payroll person asap. Do this for all three loans.

Am I understanding this correctly, you have not paid anything as of yet?

I have impact cash, they are a pain, they call and e-mail but nothing too mean or nasty..yet.

Hi Roxy - yes, I have not paid on these yet. One is indeed Impact Cash. I will work on revoking the rest of the assignment this weekend.

hvn, are these the only pdl's that you have? Have you checked to be sure they are not licensed? I'm thinking none are, but I'm coming in on this at the tail end obviously. You haven't paid anything on these loans yet? When are they scheduled to debit your account? If all this has been covered in another thread, someone please tell me because there is missing information here. :shock:

Cannr - Catching you up... No she has not paid on any of them. There are only the three and she had closed her account for other reasons before they could hit. No we have not gotten to the licensing thing...I pm'd you about that.

Impact Cash LLC
1551 REenaissance Towne Drive #560
Bountiful, UT 84010
Telephone: (435) 214-4148

Not showing as licensed in Illinois.

Avantis Financial, LLC
2329 N Career Ave # 209
Sioux Falls, SD 57107-1312
Telephone: (605) 275-8700
avantisfinancial.com

Not showing as licensed in Illinois.

Pay Day Avenue
paydayavenue.com

Listed under "overseas scams" after doing a search. Can't find squat for an address.

Not showing as licensed in Illinois (guess not if they're overseas! LOL!)

My, they're quite secretive. Got the stupid phone number 1-866-6-PAYDAY.

AH HAH! They are our friend Northway!

Northway Financial Corporation Ltd.
of Level 8 Suite Plaza Commercial Centre
Bisazza Street Sliema SLM 15 Malta

You continually amaze me!!

I am OBSESSED! Someone help me! :lol:

You love it and us and you know it!!! :lol:

Has anyone had dealings with this company? A rep called me @ work; she wouldnt give me a # to call her bacak (I was in the middle of helping a client - GO FIGURE - IM AT WORK). I hung up on her. I faxed them a letter requesting my balance in writing; revoking a wage assignment and also not to call me anymore. Not 30 minutes letter someone from a different extension at the company calls me and says 'sorry wrong number' and hangs up. Have they ever heard of CALLER ID !!!
I live in Illinois; they are in So Dakota, basic question: which state law(s) applies?

(This is hvn_sent - I am having trouble receiving my password that was to be emailed to me)

I have traced the companies to their origins. One is in Canada & one in Malta. As neither are located in Illinois - how far can they take the collection process? I have no issue paying back what I borrowed - but their EXTRA fees are I-N-S-A-N-E !!!!!

Has anyone had dealings with Avantis Financial ? A rep called me @ work; she wouldnt give me a # to call her back (I was in the middle of helping a client - GO FIGURE - IM AT WORK). After politely asking 2 more times; I hung up on her. I faxed them a letter requesting my balance in writing; revoking a wage assignment and also not to call me anymore. Not 30 minutes letter someone from a different extension at the company calls me and says 'sorry wrong number' and hangs up. Have they ever heard of CALLER ID !!!
I live in Illinois; they are in So Dakota, basic question: which state law(s) applies?

You are awesome - please bare with me. Im repeating questions & Im frazzled. To weed thru my multiple (sorry) enteries; 1) how far can the overseas companies take collections? Do they have to abide by IL law? 2) The companies in So Dakota & Utah - do they abide by their own laws or IL ?
Thanks for arming me with this info - If and when I interact with them; with your responses & knowledge; they are not as rude. Mind you rude & pushing; but not as much. Being a single mom is the hardest job Ive ever had !!!! Where's the winning lottery ticket when you need it ?!!!!

Ive finally had my password reset - I apologize. Can anyone assist with my last posting(s)?

Hvn, I have tried to answer you several times but am having trouble. Hopefully it will work this time. I am thinking becuase Cannr stated that the companies were not licensed in IL, they have to follow IL laws. I f I am wrong someone will correct me. As for the overseas companies..They will do everything they can to scare you into paying. They will harrass you until you are insane. Do not believe a thing they say. In fact, if you can avoid talking to them altogether, do so. Try to do as much as you can in writing.

Hi and welcome! And yes everyone here is indeed awesome!!
PaydayAve is connected to Northway which is connected to: SONIC!!!!!! Can we say SATAN??????? Sonic, which is the parent of the Voluntary Wage Assignment, imho...
Revoke, revoke, REVOKE this bogus document IMMEDIATELY!!!! Write a letter to Payroll now, walk it down to their office or fax it, because trust me, they're going to try and use it.
Voluntary wage assignments have to be signed in person and I know you didn't fly to Malta to do it, right? Also, are you in California? If you are, the Sonic companies have been banned from doing business in this state.

ks, heaven is in Illinois. heaven, the people that are giving you the hardest time are the people that are overseas. Be very cautious. Revoke everything in writing to them. They are so illegal, it's disgusting. You need to only pay the principle amount of the loan only. None of their fees. They can kiss off when they tell you otherwise. As far as them collecting? Well, they will certainly try. But most likely will use an illegal collection agency. Even if not, they're still trying to collect on an illegal debt. So, I hope that makes you feel a little better anyway. The only way to get these people to stop harrassing you via telephone is to stop taking their calls. They are soooo horrible. They will call 20 times a day and argue your head off.

Again, thanks for the info. Im a very laid back person; raising a 5 yr old solo I have learned a great deal of patience. However, these reps can send me orbital in a nano second !!! I have every intention of paying back the principal. Granted not all at once. Please correct me - I am going a limb here and thinking that I can make payments to them or does it have to be one lump sum. Also, there's no way in HECK that they're getting my new acct info. Would you suggest money orders? In their conversations they want Moneygram - @ $ 9.95 a pop. The answer is NO on that. Any advice?

They have addresses--several of them in the US. Tell them you'll send money orders to them and that's final.

KS - will do. Believe me; I will tell all peeps I know about this site. Everyone here certainly knows their stuff !!!

heaven, good job! As ks stated, they have addresses. I refused to send moneygram. Flat out no. And I've told them if that's the only form of payment they will accept, then they are not going to get any payment. You would not believe how quickly some of them coughed up a physical address for me.

There were those brief moments when the collector would announce some off the wall action to be taken; or that they'd contact my employer; that you'd almost believe them because they say things with such conviction! It is amazing how they are speechless when you respond and speak of the legality (did I just make up a word?!) at hand. I wish any and every one who has dealt with PDL's knew of this site. They do prey on needy; broke people. Any word on regulating this overseas companies that hide behind company names here in the states? The gov't should regulate the state side ones, too. Heck - Im preaching to the choir! [/font]

You're preaching to the choir; however, you brought up a good point. Now I can get up on my soap box and plead for everyone to file complaints against these illegal companies! Some people do everything, but stop at filing the complaints. FILE THE COMPLAINTS. These government agencies need to know this information. File, file, file! Okay. Done now. :wink:

I feel like a moron. Here you go friends; around Cmas I entered (of my own free will) internet PDL hell. About the same time, my employer had a laptop stolen; I closed my checking acct & reopened another. Initial PDL loans and what I have discovered to be; subsequent ACH payments were taken. I honestly missed this. With the information on this forum - I've overpaid !! At one point I did receive 'collection' emails & calls from the PDL's. To date nothing! I panicked & contracted with a debt company/attry. I paid them too (idiot!) and they are supposed to be trying to negotiate settlements for me!! Friends, I wonder why the debt company would not pursue the illegal avenue; or violations of my state laws with the PDL's. Now (with info from this forum) I dont want them to pursue any 'settlements'. Here's my game plan; Im thinking of calling the debt company & saying thanks but no thanks; cancel my contract (Ive paid them in full) and pursue the overpayment avenue on my own. Imput ???????

Hvn - I just posted info for SD in the "payday loan laws made simple" sticky for you . . ..

It's really up to you - Refunds can be VERY difficult to get. But it can be worth the effort.

Has the debt company already paid the pdl's? If they have, I'd say let it be. If they haven't, then it's well worth the effort to fight them yourself.

Goudah - I believe I contracted with the debt co in the Spring. They have received an offer on one PDL. It's one I believe Im overpaid. For the offer to be completed; they want the last $100. Now Im thinking no way - you awe ME money!