Payday Loans Help

The only way to get control of the situation is to get back control of your money. You must get your payroll to give you a live paper check and either close or freeze that account.
One of the moderators named Goudah2424 is from Oregon and is very wise on the laws there. I will send her a PM and ask her to help you. You have come to the right place. Do not worry there is a way back to a normal life.

I forgot to mention that I have already closed my accounts and now all the threats have started. I have been reading on this site and followed the instructions to notify them to stop calling me at work and so far that has helped with that but Im not sure what to tell them all now. It seems that I have way overpaid on some of these anyway and with all the fees that I have paid in the last couple years.

For now just do nothing. Each one will behave differently. The ones you have overpaid write them a certified letter stating your states laws and tell them that they owe you a refund. Try to get them on the defense. The others you will have to try to negotiate terms of settlement with. Your terms. I am not familiar with the companies you listed but others are. I sent a message to your fellow Oregonian to help you. She should be along shortly if she is still online. It is Friday and you may not hear anything until Monday. For now just try to enjoy the weekend.

Tremont is notorious for doing wage assingments. These are illegal in Oregon. If they send one to your employer and your employer lets it go through, your employer will be liable to the amount paid.

Check N Go and Cash Central are the only 2 legal companies. Concentrate on paying them off. Then you can worry about the illegal companies.

Oregon has some pretty good laws in place. These illegal companies have no loopholes to jump through. They are 100% outright illegal if they are not licensed.

Thanks for jumping in!

Thank you for your help. What exactly do I say to these illegal lenders? Are there specific words that I need to use?

Write them a simplae letter revoking their right to debit your account/revoking their right to any wage assignment and give a copy if that to your HR person. With the illegal ones...if you have over paid...ask for a paid in full notation...if they are legal you need to call and make payment arrangements with them as soon as possible.

Do I have to pay the illegal ones? I have already, on previous loans, paid them so much interest.

Ok this is the letter that I sent to GFS and Tremont and below that is GFS response. What do I say back to them now?? Also what is the date they are saying they have a recorded message?
My Letter:
After doing research on internet payday loan laws in the state of Oregon , I have found that your internet payday loans are actually illegal.

I have contacted the Oregon Office of Financial Institutions and the Oregon State Attorney General????????s Office regarding your internet payday loans and was informed they are indeed illegal in Oregon and was advised to pay what is due according to principle amount only of the loan.

I am willing to pay the principle amount of the loan only, as advised by my Department of Financial Institutions and my state Attorney General's office. My records clearly show that I have already paid well over the principle amount of the loan. I demand a paid in full notation.

I demand that any contact be made through US Postal mail or email only. I will need everything in writing to keep accurate records of all communication as per instruction from my state Attorney General's Office.

I prohibit you or your affiliates to contact me via telephone at my place of employment or my home telephone number. I also prohibit you from calling my references listed on my loan. Once I inform you of this, you must stop the telephone contact immediately or you will be once again breaking the laws of the state of Oregon .

You are also hereby notified that I am revoking any voluntary wage assignment I may or may not have signed. I no longer authorize you, your company, or your affiliates to attach any part of my wages or contact my employer for your collection purposes. Wage assignments are illegal in Oregon .

I am revoking your right to debit my checking account any longer. You, your company, or your affiliates are not authorized to debit my checking account at all. Please be aware that I have informed my financial institution of this situation and they will also be receiving a copy of this correspondence. Any further attempts at debiting my account will be rejected by my financial institution. The checking account has been closed.

I must also inform you that I have filed complaints with the Better Business Bureau, the Federal Trade Commission, and the Oregon Attorney General's Office.

I expect a response from your company no later than 11/28/2007, regarding this matter. This response may only come via US Postal mail or email. No telephone contact is permitted.

Please respond by 11/28/2007, regarding this matter by US Postal mail or by email only.
GFS Response:
Thank you for your Email.

Having reviewed your file, we must decline your request for re-imbursement. We have listened to the recording of the entire call of June 26, 2067 during which you accepted the loan. At no point did you mention any concerns - in fact you made verbal agreements to all the separate terms and conditions as they were read to you.

The agreed terms and conditions were very clear in relation to fee amounts, due dates and the options you would have on those due dates. You could either repay the outstanding balance, or pay a renewal fee to defer the re-payment of the loan balance until the next scheduled pay date. According to the terms of the loan, if a customer does not contact us to pay off the entire loan balance, only the renewal fee is charged. Again, this fact would was been explicitly made known to you at the time of sale, and in emails sent to you prior to your scheduled payment date. This policy operates in our customer's favors, as the customer may need funds in their account to meet other obligations. However, the customer is free to pay the entire balance without penalty at any time.

You also accepted these conditions, during the call, that the loan would be covered solely by the Laws of the United Kingdom. If at any time you were unhappy with, or disagreed with, the terms of the loan, you had the option to cancel the application, yet you did not do so.

If you felt that this loan may possibly breach your local laws, you could have cancelled the application. You chose not to do so and completed the application and accepted the loan. We absolutely refute the claims in your emails.

We have administered the loan account you have with us in accordance with the terms and conditions to which you agreed I would ask that you to pay $100 as full and final settlement of repayment of your debt with GFS. I can further confirm that we will forego our collection attempts on the remaining balance of your account with us.

In order to take advantage of this settlement offer, I would ask that you please respond us at your earliest convenience, but no later than fourteen working days from the date of this email, or this file will be moved back to our collections department. Once the file is returned there, I will not be able to offer the same reduced pay off balance.

GFS, UGH! I defaulted back in July. Occasionally I get an email from "Jenny" urging me to contact them. And I do, and it's 2 days of emailing back and forth and in the end, I am told I still owe them. Considering I've overpaid them $540, I'm not giving them one penny.

I agree, I overpaid them $680 and I dont think I should give them anything else. I just cant figure out how to get them to go away.

Do not talk to them. Do not communicate with them and eventually they will leave you alone. Someone out there tell me, aren't they part of the BIG/Route66 group? I thought that was a very well written letter by the way.

Yeah thats them. They will tell you anything. They will say someone is coming to arrest you and crap like that. Then they go away and come back a month later. Just say you owe them nothing and hang up. If they call back hang up. They gave me a supervisor and I hung up on him too. They have no legal way of collecting from you.

K, i'll forget about them. Thank you for the information.