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I want to get out of this vicious cycle of payday loans

Date: Wed, 01/09/2008 - 12:23

Submitted by karmin.king
on Wed, 01/09/2008 - 12:23

Posts: 19 Credits: [Donate]

Total Replies: 29


I want to get out of this vicious cycle of these payday loans. Can anyone help?


I leave in Missouri; I three payday loans: Cash Central, if paid now $250; Us fast cash, if paid now $520; World wide Cash now; if paid now $289. My loans were done by internet. I wish I would have never found out about them.


lrhall41

Submitted by karmin.king on Wed, 01/09/2008 - 12:42

( Posts: 19 | Credits: )


I've paid approx $360 to Us fast Cash, I borrowed $400; and about $1068 to World Wide cash, I borrowed $200; and $50 to Cash Central, I borrowed $200. I hope I have it right this time.


lrhall41

Submitted by karmin.king on Wed, 01/09/2008 - 13:02

( Posts: 19 | Credits: )


Oh my gosh karminking you have way overpaid World Wide.Thank you for answering Kashzans questions now one of the moderators can give you some advice. You might want to read the information about closing your bank account. Sometimes that is the only thing you can do to stop these leeches from robbing your bank account. I am a newbie so please hold on and wait for the "experts" to advice you. We have all been through this and hopefully we can help you get through it too.


lrhall41

Submitted by stargzr on Wed, 01/09/2008 - 21:31

( Posts: 268 | Credits: )


It's kind of hard to close my account right now! I have my payroll checks direct deposited. The loans are due to come out of my account on 1/15. However, I have contact T&C and will be making payments thru them; however, in the mean time I need some advice how to keep my account secure. I called the bank yesterday and they said that they can not block ACH withdrawals from my account. They can reverse them, but that doesn't mean that they will not try to send them back thru again.


lrhall41

Submitted by on Thu, 01/10/2008 - 07:07

( Posts: | Credits: )


You have the right to revoke any ach withdrawls, but that does not mean that the pdl will not continue ti send them thru. They may even try sending a paper check thru. the onky safe thing is to close yiur account.You can change your direct deposit to a new account. You have so overpaid world wide. I hope you are not going to pay them any more. I dont quite understand why you would want to pay T&C for help with 2 loans which are probably not licensed in your state in the first place. As I see it you only owe 40.00 on one loan and about 150 on another loan.


lrhall41

Submitted by kashzan on Thu, 01/10/2008 - 07:12

( Posts: 5401 | Credits: )


karmin-The bottom line is this...

If you dont close the account, they can and will continue to debit EVEN if you have T&C paying them.

Since you owe so little and have way overpaid worldwide, how is T&C going to help you? Perhaps you should keep the $ your were going to give T&C and just finish paying off your PDL's yourself.


lrhall41

Submitted by volleyballmom on Thu, 01/10/2008 - 08:44

( Posts: 4143 | Credits: )


Karminking you are NOT a pest. Keep asking questions thats what the people are here for to help you. I am glad you closed your account, unfortunately they will just take and take and take regardless of what you say or do, its because they are illegal. Someone will be along with an answer to your question soon.


lrhall41

Submitted by stargzr on Thu, 01/10/2008 - 17:11

( Posts: 268 | Credits: )


Ok guys! Tomorrow is D-Day! I will be closing my account after I remove my direct deposit. I had to stop payment on two ach's and was able to contact the other to hold off for two days before trying to send anything thru. It feels good to realize that I will not be dealing with the mess too much longer. I have to many real bills to pay to keep getting robbed by people I have paid over, over and over.


lrhall41

Submitted by karmin.king on Mon, 01/14/2008 - 10:38

( Posts: 19 | Credits: )


Hey guys! I forgot to mention that not only am I closiing the accounts, but I also faxed letters to US Fast Cash and World Wide Cash Now. When I got into work this morning, this is the email that I received from World Wide Cash Now:
Good Morning,

Quote:

I have just received your letter regarding your account. I am surprised that you did not contact us sooner since you get e-mails announcing each debit.
This loan was originated from a company in the UK and on signup you agreed to the laws of the UK. In order for me to get you any refund, I will have to submit your request to our solicitors. Since it goes to the UK, I am requesting the time for them to follow up on this. However, I received a very bad fax copy. Is it possible that you could e-mail me your letter or try faxing it again? My e-mail address is below. In the meantime, I have stopped any further debits and marked your account in full.
I will let you know or you will receive a letter from our advisors in the UK on your case.

Please feel free to contact me at the number below.

Thank you,
Janet Copriviza
janet(at)worldwidecashnow.com
1-800-440-5869 Ext-302
1-800-454-6328 Fax


You could only imagine that I felt like dancing outside of my cube! I am so grateful for this site, it has given me a since of liberty, financially so! The word of God says that we should be good stewards of our finances, I have truly falling in that area!
It had to be God to lead me to this site, because for the life of me, I can not remember how I found out about it.
Now all I have to do is wait and see what US Fast Cash has to say!


lrhall41

Submitted by on Tue, 01/15/2008 - 07:10

( Posts: | Credits: )


Karminking. I think God or some higher power led us all here. It definitely saved me coming here. Ironically I think alot of us get here when we google "payday loans". Whatever it was that got us all here Thank God these people are here for all of us. Congrats on the PIF. I hope you go after them for that refund!


lrhall41

Submitted by stargzr on Tue, 01/15/2008 - 20:33

( Posts: 268 | Credits: )


I am hoping so. I posted on another blog that I called the representative that sent me the email and asked how long would it take before I heard something and she said since it has to go to the UK it could take about 4 weeks. She said to give her a call back in 4 weeks and if nothing has happened by then, she will take it from there. She was a really nice lady and definitely willing to help me! She said they make contact me directly in regards to a refund or they may contact them. She also mentioned that I may not get all of the $779 back, but I may get something.


lrhall41

Submitted by on Wed, 01/16/2008 - 07:57

( Posts: | Credits: )


Hey guys! I couldn't find a recent post in regards to anyone receiving a settlement offer from Us Fast Cash, not I thought I would post it here. I have seen a few letters that people have posted from US Fast Cash that came from their "Compliance Dept". Let me be the first to say that these are form letters, and of course there is no compliance department, what are they complying to? I work in a big brokerage firm that has a compliance department and they are regulators, they may sure that the financial consultants are complying with SEC rules! We all know that they are not complying with any rules that are real! With that said, I finally got my form letter today and it reads:

Quote:

Karmin King:
APP ID-******
We received your recent communication in this department. The terms and condition are available from the website from the time of application, and there is a 48-hour window of in which to cancel the agreement and return the funds without incurring any fee. In addition before each debit an account summary is provided to you; which also summarizes the terms once more and all the options you have for repayment. We can fax a copy of your loan documents for your review. You are a repeat customer, and from recorded calls and other communication we believe you were well aware of the terms and conditions, before requesting our funds be placed in your account for your OWN personal use.

Your current balance is : $640.00 in collections
We can offer you a one time settlement of $160.00(you agreed to pay $520.00 and this give you credit for the 360.00 that actually has cleared your account)*******THIS WOULD PAY THE ACCOUNT IN FULL***

This offer is good and must be paid by or on 02/08/08. ****YOU MUST CONFIRM WITHIN 48 HOURS*****
This reduced balance must be paid by Moneygram, as directed below. THIS OFFER CANNOT BE PAID VIA ACH DEBIT-WE HAVE STOPPED ALL ACH DEBITS TO YOUR ACCOUNT**Please call 1-800-635-6206 if any questions



It's the same old song and dance everyone else has gotten, albeit I was not given the 30 days to pay before it goes back to the compliance department. This is the reply that I got when I told them that I should be given 30 days to pay the $160:

Our computer system will only allow me 30 full days, before reverting back to the full amount due and the account will be sent directly to collections, this has to be paid by 02/21/08. After that date, they system will not allow another change from this dept.

I just don't believe that they can't go beyond whatever date they set if they want their money.

Why am I settling? I want these people out of my hair, so I can move on to more important things. I did borrow $400 and have paid them $360. I should have told them I would pay them $40, but for some stupid reason, I told them I would give them the $120 finance charge also. I know people, don't say it. I don't owe them that, but I wanted to get rid of them. Quickly!!


lrhall41

Submitted by karmin.king on Wed, 01/23/2008 - 14:16

( Posts: 19 | Credits: )