Payday Loan Help

Wendy, welcome to the fourm. We would be happy to help. Would you please list the companies you borrowed from, how much you borrowed and the total of how much you have paid to each and we can get started.

Here are the Payday loan laws for Michigan (just select your state). Please supply the info that Roxy requested so we can begin to help you.

http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

Hi

Here is the info you requested. I have a $300 loan with The loan shop and have paid back $360 it will be $450 this friday. Dr. Cash I borrowed $150 and have paid back $45.00. BIG I borrowed $200 and as of this friday I will have paid back $155. One Step Cash I borrowed $300 and as of this fridayI will have paid back $180. I borrowed $200 from pay check today and as of this coming friday I will have paid $120 and the last one is Bank of Delaware I have not paid on this yet but owe $1225.

Please help and let me know what I can do. Thank you.

Wendy, If the pdls are comming out Firday, you need to close your bank account. DO not tell the pdls you are doing this. Please read the following about closing your account..it has good info for when you go talk to the bank.

Quote:

Are the payday loans I have mentioned legal and what should I do other than close my bank account I have direct deposit from my employer going in there on friday.

Wendy, The pdls you listed have to be licensed in MI. You will need to write the companies and revoke any wage assignments and debit authorization. Please take care of the bank asap. I will pm you a letter to use when writing the pdls..it will include everything you need and you can bring copies of it with you to the bank. Do you know what the pm is and how to use it?

If you have direct deposit, you may want to ask the bank to put a hard debit block on your account or make your account deposit only so you can get your pay check but the pdls can not debit. You also need to get your direct deposit changed. The plds have to be licensed in MI to be legal. The Bank of Deleware one will have to either be paid or you will have to make arrangements with that one becuase it is not a pdl, it is an installment loan and can go on your credit. It is going to be completely legal. The others just by looking should not be licensed but I will check and let you know. The bank is the most important thing right now.

Will the pdls call my work and harass me and my boss or fellow co-workers

If I do a hard block or deposit only then the bank of delaware payment will be blocked also. Should i call them and ask if I can Western Union the money or make other payment options.

Unfortunately yes they will call you at work. I just asked the operator to put any calls though directly to me. I also told the people I work with that I had some unautorized activity on my bank account and was working with my bank and in your case the MI office of Financial and Insurance Services to resolve the situation. I let them know there would be calls from companies that would possibly be beligerent and that you were advised to either let them go to voice mail or tell them you are not there. That you are to communicate with them in writing only for documentation purposes for your complaints. No one asked me anything else and all calls were either forwarded to me or sent to voicemail. Then each time someone called I would fire off an e-mail..usually the letter I am going to pm you. They took a little while to start and within about four weeks they tapered off. They hit my cell phone worse than my work phone.

I dont know what pm is or how to use.

Yes, wendy, call Band of DE and make payment arrangements. I had to send a fax revoking debit authorization. You need to do this quickly becuase it has to be received so many days prior to stop the transaction. I was not in time and had to pay them NSF fees.

Ok..at the bottom of my post is a button with pm on it. If you want to message me privately, click on that and fill in the boxes and hit the submit button. To check pm's look where the chat is on the right side of the page..just below that there are six bullets...the first one should say You Have 1 New Message, click on that to check your messages. It is sort of like the sites version of e-mail. I am going to pm you a message let me know if you get it.

Wendy, I pm'd you a test message.

I got the test pm message. Thank you

Good we are on our way....I will pm you the letter to use and will let you know about your pdl licenses. I am pretty sure none of them are licensed but want to double check. If you have any questions, just post.

If they are not licensed do I just pay what I borrowed

Yes...you just pay back what you borrowed.

I didn't get the letter

Sorry about that Wendy, I pm'd you.

Hang on, wendy. roxy ran into a "snag". I'm pm'ing you the letter right now. :wink:

Once again Cannr to the rescue...wings and a halo :D

Wendy, If you have any questions about the letter please let us know.

I still haven't received the letter. Unless I just don't know where to look for it. It doesn't shown I habve any messages.

I closed my bank account and opened a new one at a different bank what is my next step? Also one of the payday loans - the loan shop i borrowed $300 and now have paid $450 should I request a refund and if so how do I go about doing that?

Is anyone out there?????????

wendy, we're here! So your bank account is closed now. Did they assure you that it will not be "forced" open due to pdl debits? wendy, I send you a letter to send to your pdls through pm. You have not received it? You need that letter. You will tailor it to fit your specific pdls. If you have overpaid, then demand a refund. If you have paid the principle amount, then demand a paid in full/closed account letter. If you have not paid the principle amount yet, then only agree to pay the amount still owed towards the principle. I am going to try to send the letter to you through pm again.

wendy, I just sent it to you. Check to see if you have a message, okay? Change the letter to fit each individual pdl. If you have any questions regarding it, just ask! :D

Unfortunately I have not received the letter yet? On the top right hand corner of the screen there should be a spot that says I have messages. I don't see that anymore on my screen. Is there anyway you could email it to me.

Can anyone please provide telephone number for them?

Unfortunately I have not received the letter. There used to be a spot on the left hand top side of the screen where there would say if I had messages or not and it's not there anymore. Is there anyway you could email the letter to me.

Wendy, I think I know what the problem is. The last few times you have posted, you have posted as a "guest". You are registered. So you will need to log in. Go back to the beginning of this thread and you will see that you were once a "guest", then you registered (and are able to get pm's), but then each time you've come back, you're a "guest" again. Log in to the site so that your user name comes up. Then underneath where it says CHAT, you will see your messages. I do believe you should have 2 from me. Try that and see if it works. I think it's because you're not logging in. If this still doesn't work, send me a pm with your email address. I'll send it to your email. But try to log in first and see if you have messages. :D

I received it I did need to log in. Sorry about that. I did have one question regarding the letter when it says please contact me by a certain date what time frame should I give them?

wendy, no problem! :D Give them like 7 - 10 days. It won't really matter because they most likely won't abide by it; however, at least you're giving them a specific time frame. Most people give like 7 days. Whatever works for you!

I borrowed $300 from the loan shop and have paid back $450. Should i send one of those letters to them and should I mention that I only have to oay back the 4300 that I borrowed and that they owe me a refund for the $1500 they took from me.

wendy, yes. In your letter, state that the loan amount was for the principle amount of $300.00. They debited the amount of $450.00. This is an overpayment of $150.00 and DEMAND a refund of $150.00. Of course, they probably won't give you one; however, you might at least get a PIF letter from them. But, I'll cross my fingers that you get a refund also!

Wendy, It certainly can not hurt to ask...One of mine refunded me $7.35 and I took it. I had nine and only got 3 refunds..they are more the eception and not the rule. :?

$7.35??? I love it! SEND ME MY REFUND! :lol:

Hey..money is money. I did not care. It was enough for a cheap bottle of wine. :wink: Which I needed after taking these idiots on.

Does anyone know the info on one step cash, telephone #, fax #, and address.

Is it possible for me to get a copy of this letter as well?
Thanks
Also does anyone know if working with T&C on PDL will appear on my credit?

Does anyone know the info on one step cash, telephone #, fax #, and address.

One Step Cash
150 S. Highway 160 Ste. C8 #526
Pahrump, NV 89048
Phone Number: (866) 431-2274
Web Site Address: personalcashadvance.com

Dawn, not a problem to get a copy of the letter, but if you are paying T&C to work for you, I would let them do all the letter writing on your behalf. If you want to try to work on these yourself...please list your state , which companies you borrowed from, how much you borrowed and the total of how much you have paid back. You may also want to try starting your own thread so it is easier for us to find you and for you to find your responses. If we already have this information, please disragard this.

I sent out my letters last week and so far I got 3 responses Dr.Cash said just pay them what I owe on the principal by the end of the month. BIG left me a voicemail to call them and they keep sending me payment reminders and the Loan Shop said they are sending me to collections and that they do not owe me any refund that they go by the laws in Delaware not Michigan and it doesn't matter that I sent them the letter w/the laws attached. OneStepCash just called me at work even though I sent the letter not to contact me other than email or mail.

I had sent a letter to the loan shop at the end of last week and they were emailing me about my account so I sent another letter and and a man I don't remember his name emailed saying they don' t go by the laws in Michigan but they go by the laws in Delaware and that he doesn't care what I say that my account is going to collections and that I should have read my "contract" closer. Am I right in saying that they need to by what the Michigan laws say? By the way they owe me a $150 refund.

Wendy, You are right. You go by YOUR state law. Do not let them bully you into thinking otherwise. And if they send you collections let us know and we will help you handle it. I have three that were sent to collections and it really was not a big deal.

I will continue to tell that. Thanks. I will let you know if they send me to collections.