Help Me Please!!!!!!!!!
Date: Thu, 11/15/2007 - 20:21
Stacey, what state are you in? And which company is it?
Stacey, what state are you in? And which company is it?
Illinois
I am in Illinois.
On my bank statements it shows SSM Group LLC but when I call the phone number on the statement, and get a recording, it say's OSL Marketing.
I asked my bank if they could give me any information and they couldn't help me out.
I got a loan from OSL..I just stopped paying them..actually your
I got a loan from OSL..I just stopped paying them..actually youre better, you paid them for how may weeks..I just paid them once and said goodbye..put a hard block o your account to avoid NSF fees..talk to your branch manager so you can open a new account..these people wont stop debiting...file a complain to the better business bureau..check the number of your state attorney..they'll eventually stop..unlike you, I actually return their call..if they scream, I say nasty things to them..its take it or leave it...yesterday, some guy from payday loan called me and asked me why my account s frozen..I said because they froze it..LOL..u have one loan..you'll get out of it
Stacey, I found all of this info in a couple of posts on this f
Stacey, I found all of this info in a couple of posts on this fourm and compiled it for you..
Illinois has definite long-arm statutes, meaning that a company from another state, who is doing business within the state, must follow Illinois law. The PDLs cannot use the argument that "the loan is under Nevada law (ow wherever they're from)".
The Illinois Payday Loan Reform Act (which sets forth the terms in the above post) was enacted in December 2005. Any payday loan you entered into after 12/1/05 must follow those laws.
Simply put, if the loan is not "legal" then they have no recourse against you if you do not pay it.
Here is the phone number for
OSL Marketing
866-516-9300 ext 103
866-263-1841
OLS is the service center for CMG Group, LLC.
Their address is
P.O Box 636 Charlestown, Nevis
West Indies
So basically, I don't have to pay these people any more money?
So basically, I don't have to pay these people any more money? I mean I think I've paid enough. How do I go about getting them to stop debiting my account?
The real address is 11 East Gregory, Suite 200, Kansas City, MO
The real address is 11 East Gregory, Suite 200, Kansas City, MO 64114.
I'm so lost. I've never dealt with pdl's before and I didn't re
I'm so lost. I've never dealt with pdl's before and I didn't realize just how big of a mess this is. I am going to call them Monday morning and find out what I can do because I feel that $675 for $250 is more than enough. I would really hate to close my account and all. That's going to be a big hassel considering I have my direct deposit and everything going in there.
r
stacey, I hate to tell you this, but you're probably going to end up closing your bank account. I know it's a pain; however, as you have found, these pdls will NOT stop debiting. You have overpaid by $425.00. You should be refunded. However, as long as the pdl has access to your bank account, they are going to debit until they feel as though you're "done". And, you have been "done" for quite awhile now. Just contacting the pdl and/or sending them a letter telling them to stop will not be enough. If you have any questions regarding this, please post. :wink:
Stacey, I read your message on my home page. Hang in there we a
Stacey, I read your message on my home page. Hang in there we all make mistakes and we are all here for the same reason. If you need anything at all, please post.
I will call on Monday to the pdl place. If I have to close my a
I will call on Monday to the pdl place. If I have to close my account, I will but I hate to do that. I can't believe that these places get away with doing these types of things. Like I said before, I understand paying back more than what you borrowed but come one. I've paid back 100 plus in interest. Should I contact the BBB? I would like to help with the fight agaisnt these types of places.
r
stacy, of course you can file a complaint with the BBB! Actually, it's encouraged! You can file with the BBB and also file a complaint with your state AG. If you need help doing this, just let us know.
Ok.......so I called and they said that the $75 every 2 weeks in
Ok.......so I called and they said that the $75 every 2 weeks in sonly a finance charge and I was to call in to have the enitre amount taken out. They said that I have to pay another $325 to have them stop the debt. She did send me my agreement. Here is what is states.
Quote:
LOAN NOTE AND DISCLOSURE Borrower????????s Name: ________________________________________________ Date: ______________________________ Parties: In this Loan Note and Disclosure (???????Note???????) you are the person named as Borrower above. We are the lender. The Account: You have deposit account at your personal bank (???????Bank???????). You must provide us with a blank check from your checking account at the bank that is marked ???????void???????. You authorize us to effect a credit entry to deposit the proceeds of the Loan (the Amount Financed indicated below) to your Account at the Bank. DISCLOSURE OF CREDIT TERMS: The information in the following disclosure box is part of this Note. ANNUAL PERCENTAGE RATE FINANCE CHARGE Amount Financed Total of Payments The cost of your credit as a yearly rate. (e) The dollar amount the credit will cost you. The amount of credit provided to you on your behalf. The amount you will have paid after you have made the scheduled payment. % $ $ $ Your Payment Schedule will be: 1 payment of ___________________________ due on ____________________________, if you decline* the option of refinancing your loan. If refinancing is accepted you will pay the finance charge of ___________________________ only, on ____________________________. You will accrue new finance charges with every refinance of your loan. On your fifth refinance and every refinance thereafter, you have the option of paying down the loan. This means your account will be debited the finance charge plus $50.00 pay down. This is an option. This does not mean your loan will automatically pay down. *To decline the option of refinancing you must sign the Account Summary page and fax it back to our office at least three business days before your loan is due. Security: The loan is unsecured. Prepayment: If you prepay your loan in advance, you will not receive a refund of any Finance Charge. (e) The Annual Percentage Rate is estimated based on the anticipated date the proceeds will be deposited to or paid on your account, which is _______________________. See below and your other contract documents for any additional information about prepayment, nonpayment and default. Itemization Of Amount Financed of _________________________________ Given to you directly: $________________ ; Paid on your account: $ 0 Promise To Pay: You promise to pay to us or to our order, in 1 payment, on the date indicated in the Payment Schedule, the Total of Payments. On or after the day your loan comes due you authorize us to effect this payment by one or more ACH debit entries to your Account at the Bank. You may revoke this authorization at any time up to 3 business days prior to the due date. However, if you timely revoke this authorization, you authorize us to prepare and submit a check drawn on your Account to repay your loan when it comes due. If your Account is with us, you authorize us to deduct the payment from your Account on the day the loan comes due. If there are insufficient funds on deposit in your Account to effect the ACH debit entry or to pay the check or otherwise cover the loan payment on the due date, you promise to pay us all sums you owe by mailing a check or Money Order payable to: ____________________________________ Return Item Fee: If sufficient funds are not available in the Account on the due date to cover the ACH debit entry or check, you agree to pay us a Return Item Fee of $30. Prepayment: The Finance Charge consists solely of a loan fee that is earned in full at the time the loan is funded. Although you may pay all or part of your loan in advance without penalty, you will not receive a refund or credit of any part or all of the Finance Charge. |
Is this legal? I really need to know what to do here.
I am trying to see if this company is licensed through IL and I
I am trying to see if this company is licensed through IL and I cant. Can someone please help me with this. I don't know if I go under SSM Group LLC or OSL Marketing.
SSM Group..........Please Help!!!!!!!
Is this company even legal? I read that they are not licensed and are not legal. When I tried to call it says, OSL Marketing.
I do not htink it is. I was trying to look it up on the state w
I do not htink it is. I was trying to look it up on the state web site butthe licensee database would not come up.
I tried looking to but it wouldn't come up either. I'm did read
I tried looking to but it wouldn't come up either. I'm did read in the post SSM Group by im_screwed that the company is not legal. I am calling my bank right now.
Ok, I called my bank and they have put a stop payment on that pa
Ok, I called my bank and they have put a stop payment on that particular debt. They also told me that it would be in the best interest to close the account and reopen a new one. They are also going to go after this company about all the extra money paid into them and my overdraft fees. I also called the loan company and they are stating that they can get ahold of the lender and try to get the account 0 out but she couldn't promise anything. She did state that she would give me a call back and let me know what the lender said. She stated that I agreed to Nevis law and was very snippy with me. I am so angry right now I can't see straight.
Stacey, the bank is right...open an new account. And I am reall
Stacey, the bank is right...open an new account. And I am really happy to see they are working with you. That is the only way to stop them. As for the laws, you go by the laws in YOUR state...no matter what they throw at you.
I plan on opening a new account for sure. That company made my
I plan on opening a new account for sure. That company made my account go into the negative and now I have to bring this one up first. I'm so screwed. I appreciate all your help on here. I didn't know what to do or where to turn. I did get some good advise from a lot of people. Thank you to you all. I will keep you all updated as to what happens. I'm suppose to get a call back to find out if they are going to zero my account at SSM Group. I sure hope they do. If they do, I wont have to close my account. I will be sooooooo happy.
Stacey, We all remember the feeling when we posted our first pos
Stacey, We all remember the feeling when we posted our first post and that is one of the reasons I stick around. I am happy we were able to help you. Please do stick around and let us know how things are going. I really did not want to close my account but in the end had no choice. You will do what you have to. Just be sure that if you close your account it can not be forced back open. It looks like the bank is working to help you but you never know what can happen.
Please listen to everyone here. They are required to abbide by t
Please listen to everyone here. They are required to abbide by the laws of Illinois regardless of what they tell you. You have way over paid them and you do not have to pay them another cent. File complaints with the regulatory agency in Illinois and the attorney general in both states. Also the BBB and the FTC. Send SSM a certified letter demanding a refund. Do not be afraid of these thugs. They do not have a legal leg to stand on. If the sell you to a collection agency the CA will never be able to properely validat the debt under Illinois law. You have nothing to worry about except dinner on Thursday!
Just an update...........this Christina lady was suppose to call
Just an update...........this Christina lady was suppose to call me back today and let me know if the "lender" was going to zero out my account and would you know...........she didn't. I called and left a message for her to call me back. I have a feeling that these people are going to put up a fight. Well, little do they know............I fight back! Thank you again to all of you. I will keep you updated on what's going on.
It is not suprising that they did not call back. Keep fighting.
It is not suprising that they did not call back. Keep fighting. You have come so far and can do this. And do keep us posted.
I'm not going to give up. I will be calling again tomorrow. I
I'm not going to give up. I will be calling again tomorrow. I mean if they are collecting money, they call everyday until it's paid. Well, it's my turn. I'll call everyday until this is resolved. I don't know if I said this earlier but I also e-mailed the BBB. Does anyone know if they will contact me? Is there anyone else I should be contacting?
The BBB will most likely contact you throuh your e-mail address
The BBB will most likely contact you throuh your e-mail address you provided, I did have one that sent me a letter. IT ususally takes a couple of weeks. You should get a notice once the case is assigned and then you will not hear from them until they have contacted the company and heard their side. Then they send you a notice with the companys repsonse and give you a chance for rebuttal. Sometimes the company does not respond and they let you know that and will close the case. I like the whole turning the tables idea... I used that with a CA and it was really fun after awhile. :lol:
These people are illegally operating and have no recourse to leg
These people are illegally operating and have no recourse to legally collect anything. Do not worry about them
I'm not worried about them to be honest. When I talked to my ba
I'm not worried about them to be honest. When I talked to my bank, and they told me they would step up to the plate and go after them, my worries was over. They looked at my account history and never had my account been overdrawn until Monday! They are going after them for overpayment and overdraft fees. I only had one other time someone took money out of my account (a cellphone company) without my permission. I fought with that company for a month. I got my bank involved and my money was back in 48 hours. SSM Group has been told that not to debt my account due to overpayment. My bank has but a block on that company but like someone said earlier, they can get around the blocks. I am working on making my account to the good and then stopping my direct deposit. It will go in this week but next week, it wont. I'm still waiting on SSM to call me back to. I tried to call back last night and again this morning. No answer. Go figure.
Stacy, you are one of the luck ones to have your bank work with
Stacy, you are one of the luck ones to have your bank work with you so well. I have a feeling you may be waiting a looooonnnngggg time for that call. :lol: I am sure they would take the call quickly if you were offering to pay what they want.
Oh.........anytime these companies want their money, they have n
Oh.........anytime these companies want their money, they have no problem calling you 5-6 times a day. When the roles are reversed, they don't want to answere thier phone. How nice is that. I will for sure contact the AG and FTC as well Cann. I will do whatever I can to help put a stop to these people.