Internet Payday Loan Problems

Sorry Cannr. that post by guest was actually me. So no that they do not have access to my bank account. Strangely enough they have not left a message yet.

They probably won't. They have a tendancy to call 140 times and just hang up. Soon, out of desperation, they'll leave a message and tell you to call them and leave a toll free number. Lord. Don't even bother. As long as they don't have access to your money, they can pretty much bite you. They are the worst. They will argue your head off for 15 minutes before you realize you're just wasting your breathe! If they get REALLY desperate, they might send you an email. It's kind of funny (after the fact)! But they will haunt you for a very long time.

CTC has not called or tried to contact me in quite awhile. I am sure that my number will come up in the rotation soon. At least I do not have to listen to their messages @ work lately. I am lucky that I have my own direct line and have about 2000 coworkers in my office building. At least they cannot just cold call people through the operator, the odds of getting someone that even knows who I am is very small.....

nj, they're probably getting ready to send their famous wage assignment. No lie. I never heard a word from these guys and then a nice little wage assignment shows up. Wonderful........... Just don't be surprised. :wink:

I have corresponded back and forth with Big a couple times via email. They of course told me that none of payments applied to my principal balance. They actually think that I would be willing to pay another dime back to them. I told them that I considered my accoun PIF yada yada, using those form letters that you gave me. We will see what they come back with. As a whole things have been pretty quiet on the PDL front for me this week. Not any phone calls but I am sure that I can expect them to pick up again soon.

nj, more than likely what they'll do is eventually send you an email (can you tell I've been down this road?) and offer a "settlement" of like $100 that they will want sent via Money Gram. Oh. Okay. After I just OVERPAID my nice illegal loan, you want another $100 to consider it "settled". Ummm.... let's just say that didn't happen. :?

Ya, they can send all the offers that they want......not another dime heading there way. We will see what comes from it. If anything, they owe me money, but I know that will never happen. They of course wanted me to call them but I just said that I prefer email. I am sure that they get mad when people mention that there company is illegal since about 99% of that is due to people gaining knowledge on this site. Hopefully I can get all these companies away from me eventually. I could care less if they call my cell phone a 100 times a day, I just never answer it unless it is someone I know and even then people leave voicemails. Got to love voicemail, no need to ever answer the phone again. Luckily at work they have my direct line and that is it, so I simply do not answer that either. I have always just screened the calls even before this so I have all the info together before I call people back anyhow so no change there either. One day I may change up my cell number to get a fresh start.

nj, don't blame you there. And you're awesome by not taking the phone calls. Oh, they will "resort" to email (even though they don't like it). I enjoyed it. I like to get nice illegal stuff in writing. :wink:

I will get them all on email eventually. I enjoy some of the voicemails letting me know that we have a very serious and critical situation to discuss to avoid legal troubles! hah...... don't think so. I can see how these collections people get a lot of people to overpay on this stuff though, as they act like they are going to send the cops after you etc....

That's the only way they can get people to pay. To scare the crap out of them. They can't LEGALLY do anything to make you pay, so they try to scare you into paying. And, it's sad. It works a lot. So these people end up paying $1,000 on a $200 loan. Amazing.

Ya, too bad. I have a friend that I found out was in the same boat as many of us on this board. He listed all the usual suspects when I asked him who he had gotten his payday loans from. I gave him the web address so hopefully he will get on here and get it taken care of. he was very depressed because he had gotten paid on Friday and they took all but $12.50 out of his bank account the same day, and now of course he will probably end up having to get a new loan just to buy food.

nj, OMG! Your poor friend! Have you been giving him tips on how to get out from under this mess? Good Lord. Tell him to come here and we can help him. OMG. That poor guy. They took all his money. How the hell is he going to live? Please tell him to come here and we can help him!!!

I have passed on that info to him. I think he had a loan that they were just taking the fee out and then the fifth rollover came and they took the whole thing. This same thing happened to me about a month ago. I had gotten my direct deposit and had almost 1500 in my bank account. Then I checked the balance again a few hours later and it had fallen to 200! Ouch, that takes a lot of wind out of your sales. So what did I do? Of course I had to take another advance from CTC and the whole thing happened again in two weeks. I really do appreciate all the help that everyone here gives. It has made me swallow my proud and buckle down to fix this. I think that is my friends main problem, he is embarrased by it. Luckily for him he was at a bar hanging with me and my other friend, who has gone through the same thing as well. Anybody can get sucked into this stuff. I wish that I had the cash to get him through to next payday but that obviously isn't happening

I do move into my new place tomorrow! Not sure what my current landlord(big corp) is going to do about my back rent. They of course also will charge me for the rest of the lease as well. The funny thing is that I almost had enough to pay all my back rent and then they went and tacked on all these late fees and lawyer fees, which nearly doubled the amount that I owed, so now they won't get any of it.

Man. This just sucks! I'm sorry for your friend. At least you can talk about it with him though so he knows he's not alone. Hell, if he came here, he'd REALLY know he wasn't alone! And I do understand about having to take out another friggin illegal pdl because your check got sucked out. Sucks. And I hate to hear about your back rent and all the fees. Good Lord. At least you got another place. I'm just so sorry about everything.

Well, it always works out in the end one way or another. Like I said I do not mind ignoring phone calls so as far as the overpaid illegal loans they keep on calling me if they like. I am a bit nervous about the outcome of my current eviction. In PA there are only two people that can garnish wages, the gov't and unfortunately landlords. I believe that it is capped @10% of take home pay so it would take me about 5 years to pay them back at that rate. I already figured it in, and though I would miss the 10% I could still survive no problem.

I found the below on a website. You have got to love these people and their rationale! For the low price of $30 per $100??????? Lets see that would roughly be 60% per month, or 720%/year. Yes, what a bargain! Where do I signup! I have never seen the application fee before!


"For each $100 borrowed, our charges are a low $30 every 2 weeks or part thereof. There is also a $19.00, one-time only, non-refundable application fee, payable upon submission of this application.

Yep, it's amazing...but sadly we've all been there and desparate enough to do it.

Sad but true. I was very desperate and got so sucked under by them all.

Hell, we all have. :?

B.I.G will not call or reply to my emails anymore. I still write them a friendly note every day asking about my PIF. I am sure that they will have to write back eventually! I know that they hate this site because people actually learn about how illegal all these places are and knowledge is power!

Amen to that!!! It sounds like you are doing better njl..as far as oweing money...we all do. You memtioned B.I.G. has not called...well I have been working on my pdls for 5 months now. I thought all was going well with my arrangements. Last week a CA e-mailed me and wants this loan money immediately.
They now have contacted me 5 days in a row...with threats! They figure if they keep it up I will eventually give in..boy do they have a lot to learn! I know my rights and I am sticking to it! Knowledge is power!!

Yes, stick to your guns. I think that it is pretty cut and dry that if a loan is illegal to begin with then you definitely cannot collect that debt. Keep up the stance against them, that is what I am going to do.

CTC went quiet for two weeks now and I just got an email from them asking for payment.

Just watch CTC, nj. You know them and their wage assignment. Were they "willing to settle for less"??? Just curious. That's what they usually do.

No, they just sent an email asking for the money..... everything is good on the whole wage assignment thing, payroll said that unless it is the gov't they won't touch any employees money, at least employees based in PA.

Great! :D They are horrible. But, please let me know if once they realize they are not getting "their" money, if they send you an email stating they are "willing to settle" for like 60% or something. I find it quite interesting! :wink:

I will, no settlement yet from them. I am still not paying them even that. According to my records I owe them about $280.... and that is all that they are getting. If they refuse that, then they will not get a penny back.

Stay strong! You'll actually look back and laugh eventually. I promise.

Can someone just let me know whether these are licensed in any states if they know?

US Fast Cash
500 Fast Cash

I have been looking for a phone number for Big LTD. Anyone know it?

nj, USFastCash and 500FastCash are both d/b/a's of MTE Financial. They are not licensed/legal in ANY state in the US.

Thanks, my buddy owes them so this is good news as he as already paid back the principal plus some. Thanks Cannr!

Good news then! And, you're welcome! I just hate to say that your friend will probably NEVER see a refund from any overpayment as these guys are totally hard to deal with. So that kind of bites. However, at least your friend knows they are illegal so it's a "done deal" now! :wink:

IS BIG PAYDAY LOANS LEGAL IN THE STATE OF FLORIDA, I ONLY BORROWED 200, NOW THEY SAT I OWE 900.

tamika, the answer to your question is no. BIG is not licensed/legal in the entire United States. They are an illegal overseas company. You have WAY overpaid your loan. You need to prevent them from having access to your account any longer. And you need to do this as soon as possible. If you need help, please post and we can help you.

I like the way you have borrowed moeny and think these companies are th vultures for wanting their money back. If you lent money out to people i am sure you would want it back. Take a second look at yourselves, and get your act together.

Oh really guest? So, what you are saying is: It's OK to loan someone 200 bucks then turn around and ask for 900 bucks? That's a little high doncha think?