Kashzan - Help! PDL

calm down . I also had a loan with payday2go. ILLEGAL ILLEGAL ILLEGAL. I believe that they are one of the companies that has a wage assignment. It is voluntary, so send then asap a letter , e mail that says you revoke it. Give a copy also to your employer. I told you to not contact any of these people until you closed your account. I hope you did that. If not you need to get to the bank asap.They will bleed you dry, especially since they now know you will defaut. They can not garnish your wages. Tell your employer that this is an illegal company. In order for anyone to garnish your wages they would need a court order. AN ILLEGAL CO. CAN NOT GET A COURT Order.This guy has his info totally wrong.
Anyway, payday2 go will threaten you , but that is all they can do.Please dont forget to file complaints with the BBB and ag of NYS.

Guest...Kash is very wise in words! Please follow Kash's advice.

Thank you again. I am sorry but I was staring to freak out. I posted in 2 other places. Please ignore the others. I closed the bank account this morning.

volley , I hope that guest can find her way back. I have noticed that she has posted this message on 5 threads.

Ok great guest has found us. Guest why dont you register, its free and it will help you find your posts easier.
I am so glad that you closed your account this am. good, now you can pay these people back on your terms. It is a good feeling to have control of your money again. It is very unnerving when the phine calls start, but please try your best to believe that all they can do is threaten, and they will. They will threaten anything from taking your salary to arresting you. None of this can they do. Always remember that your are dealing with illegal companies

Guest, I am glad you got some info for help with your problem. Don't worry about posting in other threads, you will learn how to navigate this forum quickly! I probably posted a bazillion times when I first come on!.I was in a panic and really scared, but I did find help here.

Feel free to ask questions, if you ask questions and it concerns pdls, you can post in the pdl forum,credit cards-collection agencies has a forum too! Don't worry, you will get the hang of it!!

We would love to have you register and become a member so we can get to know you!!..KAren :D

Karen It took me forever to learn how to navagate around these forums. sometimes I still get lost.I do hope our guest comes back and registers

Does Payday2go have a wage assignment?? I had paid off my loan with them months ago, but I don't recall seeing that in the contract, but that could be because they had it so well hidden. Come to think of it, I don't remember seeing a contract at all..

Yes Jen , I believe they do. In fact I think it was the only one of mine that did. In any event i sent out wage assignments to all of mine just in case.

Good to know Kash thanks.

I believe they are one of the ones that did everything over the phone right?

BTW-Congrats on the HOF status! I hope to reach that one day.

Thanks Jen , we would love to have you join our ranks. If memory serves me , yes they did alomost everything over the phone. I was at that time so desperate that I agreed to anything and everything . What ever they said I said ok sure. If I only knew then what i know now.

Tell me about it LOL!

I have to start hanging out in the Pub more often, I tend to come right over here to the PDL forums and never leave! :roll:

The PUb is fun.Some silly stuff and laughs.I also dont hang out there very much, but I do pop in once and awhile

Hello, Kash how do I register? Also, do you a sample initial letter that I can send to the compaines? i want to pay bank the money that I borrowed but not the 867% interest. Thank you.

I actually forgot how to sign in so I had to go check. At the top of the page you will see where it says LOG ON. click on that. When you reach the log on page go to the bottom where you will see a link that says Community Sign Up. Click on that and folow the instructions.Let me know if you have a problem.
What kind of letter do you want?

Thanks, I would like a letter to send to the companies informing them that I will only pay back the amount tha I borrowed. I will include the New York State laws in the letter but need a starting point as to how to begin the letter.

Going to try to register now. Thanks.

Kash, this is guest - I am now registered....Thanks!

Why dont you just wait until they contact you. Thats what I did. Trust me as soon as they find out that they can not withdraw anymore money from you, they will contact you. Deal with it at that point Thats just my opinion

they are calling a payment was due yesterday - but I didn't have the funds in the account...i reviewed my bank records, see below:

United cash loan is calling - I added up all payments and I have paid the $648 on a $500 loan.

One click is calling..I totaled their payments and it equals $600 a $500 loan.

500 Fast cash is calilng...I total their payments and it equals - $555 on a $350 loan.

Paycheck today - I have paid $270 on a $300 loan so far.

Payday2go...I have paid $400 on a $400 loan so far.

Nationwide Cash/NLS...I have paid $228 on a $250 loan so far.

Ambassador Funding....I have paid $480 on a $120 loan so far.

Thanks.

Two of them are threatening to contact my employer for wage garnishes. I think my contract said something about that. I don't want them contacting them. I want to respond to these people to get this resolved. Thanks Kash.

Hi Gina , Glad you could register. Did you send the letters revoking the wage assignments. Rremember they are strictly voluntary and can be revoked at any time.
If you are ashamed to tell you employer the truth, just tell them there was some identity theft on your account. No employer will take money from you to pay an illegal company.
If you dont feel comfortable write your letters.and simply state your intentions. Please tell me you revoked any wage assignments you may have signed.

No I haven't...What do I say in the wage revoke letter. I will do it right now.

I hereby(name) revoke any and all wage assignments that i have signed with your company or your affiliates

you can use the same format to revoke the ach authorizations

I received another call on my job from Payday2go. They said they are not obligated to New York laws, Only international laws and they will now proceed with the next steps in garnishing my paycheck.

Ambassador send me anemail saying: We are license in new Mexico, you took this loan on line which we have to bye by the laws in New Mexico, also you did sign a legal contract when you took out this loan. What you going to send a letter to the attorney general stating you took out a loan and can't pay it back to us.

This stuff is scary....

DOn't let them scare you. Stand your ground. I had one yesterday who told me I needed to contact my state's Ag office so they could explain the law to me. I told Fine I had no problem filing a complaint against them. They are not above state law no matter what they think. It is tough but you will get through it.

Have you sent the wage assignment revocation out yet?> If not get them out ASAP.

Please stop worring. They are illegal. We all have all had to deal with this. They cant do anything at all. ILLEGAL. In order to garnish wages thay need a court order, They are not legal , they can not get a court order.You sent them a letter revoking wage assigmnets.As far as them sending a letter to the AG that is possibly the funniest thing I have heard an illegal company say. It is us the consumer that notifies the Ag, not the illegal company.

Yes, I did...that's when I got the first two responses about them not having to abide to New York laws. I also told them in order to garnish my paycheck they will need to have a court order (is that right?)

That is right. Keep a copy of the wage assignment revocation for your own protection. They are using scare tactics hoping you will pay them out of fear of what might happen. Just ignore them.

Gina/Guest-These PDL's are DESPERATE!!!

Do not take any more of their calls....period. As a matter of fact, in your letter to them you need to tell them to STOP CALLING!

I am curious, you mentioned that you are having talks with them about the laws, etc....I am coming in late here, but is your account closed?

Have you sent the letters out yet?

Again, what Pyb and Kash are telling you is spot on....they will say ANYTHING and EVERYTHING to scare you.

Volley
thank goodness Gina/ Guest has done everything correctly so far.Her account has been closed

OK good to hear...

She needs to get those letters out if she hasnt already and stop taking their calls! :x

Welcome to the Community Gina :D I'm glad you decided to join us!

If you have taken the steps to protect yourself, don't worry about what they say. I have had pdls, collection companies, etc., tell me all sorts of things.

When I learned here they were full of it-I stoppped taking their calls.

When one told me I would be in jail-I said -do you promise :lol: I told them I really needed a rest and a break from my life and it would be wonderful to have someone cook for me,no housework, etc.--they hung up :lol:

Feel free to ask questons, we are here to support and guide you!..KAren

I will have to remember that response Bossy. I like that.

Great answer Karen

I am so glad I found this website. I feel better knowing that there is nothing they can do to me but harass me with threatening phone calls and emails. I have contacted all the companies except 500 fast cash. I can't find an email or fax # for them. I have informed the companies that I have overpaid that they should mark my account as "paid in full" because I paid over and beyond the original loan amount and if they want to get technical - they owe me money. For the other companies that I borrowed from that I still owe money towards the orginal loan amount(which is two) I told them that I am willing to make a payment arrangement with them to finish paying the loan amount only (I have not heard back from these companies). Thanks again to all of you who have been so very helpful. I will keep you posted!

if anyone has contact info for 500 fast cash please provide it.

P.S. I have had so many loans with a few of these companies in the past where I paid them off with at least $500 to $700 in overpayment. I would rollover, paydown and then eventually finish paying the loan only to get a new one a couple of weeks later. they really took me for a ride and have received close to $3000 in fees in the past 2 or 3 years. I will never ever never again fall into this trap!

Ooops....I posted the previous post as guest...I forgot to login. I'm still learning the website.

well It sure looks like you are well on your way to becoming PDL free. Just be sure to never give out your new account number.Never Ever, and never get or apply for any other PDLs.

500FashCash is a d/b/a of MTE Financial :evil: .

I am sure you can contact them at:
515 G SE
Miami, OK 74355
1-866-213-0268
Email: compliancedepartment(at)mtefs.com

Cannr- didn't they change their address from Miami, Oklahoma-or is it another one I am thing of?

No, bossy. They've changed a ton of their d/b/a addresses (gee, really?) but the MAIN address is the one I posted above. The majority of their d/b/a's "moved" (imagine that). However, MTE at the above posted address is still good. :D

Thank you for the info for 500 Fast Cash. I have not heard from anyone other than payday2go & ambassador after sending the letters. I'm sure the others will be calling or emailing soon.

Payday2go was the first that I heard from, and for some reason was the first to Vanish. Then they popped up again and it was actually easy to get a PIF from them. It took a bit of a fight,but they eventually caved.Keep us posted.

Good going gina...looks like you have everything under control...you are definitely on your way out of the mess....glad you joined our site here...

gina, if you run into any problems or have any questions, you know we are here! We'll help you out! :D

Good Morning, I heard back from Nationwide/Ambassador. This is what she said,
"I can offer you a settlement in the amt $870.00 to close out your acct with us.To avoid us from taken legal action against you." The lady who emailed me is Liz Rolland. The loan was for $600 (i thought it was $400 but I reviewed my bank statements and it was for $600) Anyway, I made one rollover payment of $120. I don't want to pay her $870. I want to clear the principal loan amount. I emailed her back and said since I already made a payment for $120, I am willing to close the account by paying $480. I don't know if she will accept that. We shall see.

Good work Gina. Settle for 870.00 on a 600.00 loan. What a joke. Let her threaten you with legal action. That is another joke. An illegal company taking legal action. You know of course that it is just a scare tactic. Let us know her response.

I heard back from Liz Rolland of Nationwide/Ambassador. She said, "I can't accept the settlement of 480.00.I will settle the acct for $870.00".

Is this company legal? I don't want to pay $270 over the orginal loan amount. What do I do now?

Gina, You are in NY correct? PDLs are not leagl in NY. Ambassadoe is not a legally operating company . I am also from NY. You are obligated (if you chose) to only pay back the principle amount borrowed.Please tell Liz, that you will pay back only the amount borrowed. Let her know that you have filed complaints with the BBB and the AG of NY. Stick to your guns Gina. There is nothing thay can do except threaten you.

Yes, I am in NY. I responded and told her that I will only pay back the principal amount borrowed and that I have contact BBB & AG for New York. I will let you know her responses when I hear from her. Thanks.