Spoke to Ameriloan Again....

Wow, you told them! Good going :)

Danka, Have you paid back the principle borrowed?

No I have not paid the priciple back. By AZ law, if they are not licensed...they can not leagally collect priciple and/or finance charges. And I plan not too since the law is on my side here.

Please see the excerpt from AZ Law:

6-1262. Violation; classification; individual liability
A. A person that provides deferred presentment services without a license is guilty of a class 1 misdemeanor.
B. A licensee that violates this chapter or the rules adopted pursuant to this chapter is subject to revocation of the licensee's license and is guilty of a class 1 misdemeanor.
C. An officer or agent of a corporation or association who participates in a violation of this chapter is subject to the penalties prescribed in this section.
D. Except as the result of an accidental or bona fide error, if the licensee charges, contracts for or receives any amount in excess of the fees expressly permitted by this chapter, the deferred presentment is voidable and the licensee has no right to collect or receive any fees in connection with the deferred presentment transaction. Any deferred presentment transaction that is made by a person who is required to be licensed pursuant to this chapter but who is not licensed is void, and the person has no right to collect, receive or retain any principal or other fees in connection with that deferred presentment transaction.

True, but if you do bring on the lawyers it looks better if you do pay them back at least the principal. That way you don't encourage other people to borrow money and not pay any of it back..... Because if people do that when they know a PDL is illegal and can thus get 'free' money, that is when it really become fraud (and not like everyone else where they tell us we are commiting fraud, when we didn't know what we were getting into).

Poko. I do agree with you, It is a moral choice, but we do encourage people to pay back the principle. They did give you the money , and you did use it.

When it comes to paying the fees and interest, that is where we need to stand up and say NO, because it only encourages the companies to continue to operate illegally, if they get money without going through the proper channels...

I have to agree with Poko and Kash. There is a moral obligation to pay back the principal. Many people have come to this site and accused us of telling people to weasel out of there obligations. We do not do that! We encourage people to pay what they owe but not get screwed in the interim.

I did offer the pricipcle, but they kept demanding the full 400 on a 250 dollar loan. Obviously you don't commit fraud by not paying anything. They are the ones who ARE offering the payday loan services where they are niot licensed. Yes it is moral to payback the priciple and if do bring legal action, I will pay the principle at that point. Also, when companies don't take a settlement I offer, I will not work with them period. If this shows up on my credit reports, I can an dwill dispute it since the debt is void under AZ Law. Bottom line is.....If these companies do not want to lose their funds, don't offer these illegal loans and I am trying to make that point to them. It is that simple because state law allows you to just walk away. I understand the moral thing of paying back what you borrowed, but ameriloan is ruthless.

I know we could go on and on about this for days, but I do agree with Kash, Poko and Frog. I know of many illegal PDL's in California but I am not going to go take out a loan and not pay the principal back just because they are operating improperly. I do say NO to the fees though (as Poko mentioned).

A moral choice indeed, but you pocketed, paid bills, etc. with the principal amount.

Good luck

That works I guess, but you know they aren't going to bring legal action against you because a case you could bring against them would be much worse than they can bring you.

Personally, I decided that if they won't accept my offer, I'm going to send them a money order anyway, with a letter stating that if they cash this they consider my account PIF and that will be that. That way if I hear from them ever again, I'll have proof that they cashed it and my account is good...

And I didn't mean to upset anyone, I just don't want some new person come on here thinking they can commit fraud... You are not because you didn't know they were illegal, and you are just going with what the law says you can do now that you are under them.

I think its all good here Poko! :D This is good dialouge and interesting to hear a newer persons perspective on the pdls and paying them back.

I agree with you all. Danka is the reason this country is in the toilet. What a deadbeat. Borrow the money and then not pay anything back. We as consumers need to be socially and morally responsible. It sounds as if the intent when danka took the loan out was to try to get free money. Did you take out because you found this law and never intended to pay it back?

do you realize you are responding to a post 2 1/2 years old?geez. :roll: :roll:

LMAO at Paul you are too funny. Must be a PDL employee.

I was an employee of AMERILOAN and yes they are ripping people off. and they are ripping there employees off too. They are out for number one and how much money that they can get for the simple person that is in the need for help. Its funny how no one reads the contract and that is what they are depending upon. They are bottom feeders. anyone want to contact me in regards to a lawsuit please contact me 913-944-5214

yes Paul is a PDL employee thats why he is always shooting his mouth off about things he is clueless about

narf.org/nill/bulletins/state/unreported/ameriloan.pdf

paul is bottom feeding scum

Guest you are so wrong! Paul is a great person who takes time out of his life to try and help distrat people in PDL hell.

You should keep your comments out of the posts, as the are reserved for people with problems and people trying to help!