Help and Advice with Payday Loans

helpme, I just checked Ohio licensee database for you. None of them are showing up as licenesed in Ohio EXCEPT Pay Day One. They are showing as licensed as Pay Day One of Ohio. The others are not showing up.

Okay, I'm going to post your Ohio state pdl law for you and also something regarding closing your bank account.

Is your bank account still open/active and are they still debiting your account? Have you done anything regarding your bank account yet?

You will find the Payday loan laws for Ohio here (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

Cannr: I left Langhorne another message today. I don't know why they are not getting back to me. It's getting really frustrating. Regarding Check N Go, he and I are playing phone tag. I am going to call and hopefully get in touch with him. I read your post to "helpme" about closing checking accounts due to automatic debits. Does that only apply to certain states? Money is going to be debited out of my account next Friday, totaling $240.00. Should I request close that account and reopen another? If they deduct that amount, it's going to leave me with barly enough to pay my house bills.

dina, what's the deal with the bank so far? Have you just blocked Quick Benjamin and the account is still open/active? If you're going to have debits taken out next Friday (the 7th or the 14th?), you can put a hard debit block on your account or close it. If you close it, just be sure that they will not force it back open. If they can't promise that, then put a hard debit block on it. You're in PA, correct???

I just went back through to read your original posting. You can close your account if you like; however, you do have some "legal" pdls. You would have to contact the "legal" ones and make payment arrangements with them. You can tell them that THE BANK closed your account. Deny having a new bank account and make payment arrangments some other way (money order/prepaid debit card).

Besides Check N Go, can you tell me which ones are legal? I will call them and make arrangements. What happens if I cannot make the payments. Can I just tell them that I don't have it? What will the consequences be? Regarding my bank, I did not close the account yet. You mentioned putting a block on it. How does that work? I did call them last week and explained to them my situation and she told me that the best thing at that time would be to stop payment, which is what I did. I am not even sure Quick Benjamin tried to take money because of their supposed merge with Dr.Cash.

That's what I thought, dina. I remember the issue being Quick Benjamin that we were talking about. Okay, let me tell you about the bank (I'm also going to post something regarding closing your account). The first thing is to go to the bank where you opened your account and ask to speak to the manager. Not a teller. Learned this the hard way! Only speak to the manager. Tell them you need to close your account; however, you must be assured that the account will not be "forced open" due to pending pdls debits. This causes a friggin mess and then you have bank fees to deal with let alone the pdls getting their debits. If they can NOT assure you that it can NOT be forced open, then put a HARD DEBIT BLOCK on the account. Nothing will go through. No ACH debits, no electronic checks, no checks you write, no ATM machine, nothing. So you will want to open a new account so that you will have a "working" bank account. I'm going to post more regarding this that goudah wrote. Then I'm going to go through and read your post regarding your pdls, so hang on!

PayDayOne licensed.
PayDayOK licensed.
Check n Go licensed.
Quick Benjamin - do not believe to be licensed (even as their "new" name.
Geneva Roth licensed.
Arrow Financial - can not find crap on them. What is their telephone number? I can do a search that way.
Little Loan Shoppe Canada LLC licensed.

If you can (I couldn't read the pdf file you posted very well), give me the telephone number for Arrow Investments. I'll search them. However, on all these licensed ones, the most you can do is contact them, tell them YOUR BANK closed your account. Blame it on the bank. Deny having a new bank account. Tell them you just don't have one. You'll need to set up payment arrangements with them. Don't agree to anything that you can't afford. You're going to have to be firm with them. If you agree to amounts with them all and you can't afford it, you're back in the same boat. So, do not agree to anything you can't afford. Offer to only pay via money order or prepaid debit card. No moneygrams, no WesternUnion. That costs money. Just remember that they are licensed/legal, so you'll want to stay on "good terms" with them.

I did not realize how many were legal. My heart sank. I know I borrowed and owe, but I honestly don't know how I am going to do this. I found info on Arrowhead, which is:
Arrowhead Investments, Inc.
32 West 200 South, Suite 350
Salt Lake City, UT 84101
Phone: (866)-355-7308
Fax: (866)-379-7667
I got this information from someone else's post. Also, when I originally listed my pdl's, I left out a few. Here is my new list:

PayDayOne $350 (past due)
PayDayOK $450 but owe $750 (past due)
Check N Go - $1500 was making installment payments of $120 (I think) until November 2008 (past due)
Quick Benjamin - $200 (current-worked out a payment plan of $46)
Geneva - $200 (past due. I don't even know how to get a hold of them)
Advance America $500-I was paying them until they closed their store in PA. They were sued for charging customes too high of a rate. I never received any information from them to pay the account.
CashNetUSA $350 (past due)
Arrowhead Financial - $200 (current)
Little Loan Shoppe - $350 (current)
Cimmaron $200 (I can't find my information on them!)one pmt of $60.00
Payday Loan Yes $350 - one pmt of $60

are the last three legal? I am sick over all of this!!

ARROWHEAD INVESTMENTS INC
32 W 200 S STE 350
SALT LAKE CITY, UT 84101

Found them licensed in Utah.


Little Loan Shoppe I posted above as licensed.

Global Payday Loan, LLC
Phone: (888) 227-4638 ext. 528
Address: PO Box 572037
Murray, UT 84157-2037
Website: (www)Payday-Loan-Yes.com

Found an address for them in Utah. I checked Global Pay Day Loan and Pay Day Loan Yes, but could not find either name as licensed.

Cimmaron (?) do you have anything on them? Something on your bank statement? A phone number? They could be an out of the country place that I see on the BBB; however, not sure without more information.

I have nothing on Cimarron except their name on my bank statement. It looks to be that all but payday loan yes and Quick Benjamin are not licensed. Wow. Well, Langhorne finally called me back. We communicated via email and I am going to call them when I get home today. Also, you asked me a few posts ago which state I live in. I live in PA. I was having trouble logging in before, typed up two posts and lost them because of my logging in problem. I contacted my bank via their website and they told me to list the companies and amounts that I want the stop payment for. They said they will grant my wish. So, hopefully, that will take affect for next Friday. They are going to confirm that with me.

I just looked at my bank statement again and it says "loanshp/cimmeron".

Stop payments will NOT help you at all. Once they can not go in under one name they will use another name, or another amount. You will get bank fees galore. The only way is to close the account or get a hard debit block. DO NOT WASTE YOUR MONEY ON STOP PAYMENTS. They will Not work. Also once they see you have stopped when they go in using another name they will take everything.

So it might be The Loan Shop. I'm finding 3 on the BBB for The Loan Shop. One in NV - couldn't find a license. One for Delaware - couldn't find a license. One for Texas - found a license, but don't think it's them. I do believe it's most likely the Delaware one, which I do not see a license for.

I do remember that you are in PA. Which is why I'm checking all states since PA "allows" internet loans as long as they are licensed SOMEWHERE. Which sucks. Also, PA will make you abide by the state law in which the pld is. Which sucks.

I don't know about just stopping payments on these internet pdls, dina. The pdls can change their name, the date, the amount, anything, and the debit will go through. They are very sneaky. The best thing to do is put a hard debit block on if possible.

That's what Kashzan said too. When I get home this evening, I am going to call my bank and change my numbers, I have too. It will be a pain, but it's better than being robbed. What a mess. So, it looks like Cimmeron is not legit.

Quote:

I think you mentioned a hard debit block freezes everything, right? If so, I am probably better off getting a new account. :lol:

I think a new account is the way to go.

dina, if your bank can PROMISE you that your account will NOT be "forced open" due to pending pld debits, then close it. However, if they can not PROMISE you that the account will NOT be "forced open", then you will need to put a hard debit block on it. If it can be "forced open", the pdl debits will go through and you will get hundreds of dollars worth of NSF bank fees. Ugly, ugly, ugly. You're going to open a new account regardless, correct? So if they can not promise it won't be forced open, put a hard debit block on it. Let it sit there with the block on it for a bit and then close it. You'll need to open a new account so that you will have a "working" bank account. Just be sure whatever you do that your account will not be forced open. That's my main point here. If that happens you'll be in worse shape than you were to begin with.

I will keep you guys posted when I get home this evening where I stand with Langhorne and my bank!! :P I still owe another bank almost $1000 that I have to make arrangements with. They sent me a information on paying it back and with the amount I owe, they want $100 a month. :x I have to sit down and figure all of this out after I talk to Langhorne.

Okay, I just got off the phone with Langhorne. Considering all the pdl's I have, it's going to cost me $400 a month to pay all these guys in 12 months. I cannot afford that payment at all. But he did give me another option to leave out one of the pdl places and that would take my payment down to $260 a month. If I can save $130 out of my pay every two weeks, then I am thinking I can do this. Let me know what you think. I will be back with my bank status. I am feeling a little better knowing that there is a possiblity this eventually will work out. :D

I called my bank and they worked with me. My account will be closed after this last check goes through. It will be closed by Monday at the latest. They were kind enough to waive the fee for my new checks. Regardless, the bank situation worked out. I just have to wait up to five days for my new account. Thank you for beating it into my head to CLOSE my account!! Langhorne stressed that too. 8)

REPLY CANNR:::
I have closed my bank account checking buti still have my savings open they just transferred the negative balance over to my savings they are not taking anything from it...i just have to pay the negative balance. Ok so the others are not licensed in ohio...except pay day one..thats a relief to hear. SO now I can get my letters together to send to all of them so they can stop calling my job and harrasing me. What should be my next step.

dina, which ones are Langhorne going to work with you on? You said that if you leave one off, your payments will be lower. Which one did they say to leave off? Are they going to handle all these pdls for you? Give me the status of the Langhorne deal.

Regarding your bank, YAY! :D You should be fine. Your savings is a negative, correct? So you're just paying the bank back for that, right? No debits will come out of that account, nothing will touch that savings account, correct? I don't want anyone sending any debits through your savings account.

Now, about the letters. I'm wondering where we stand with Langhorne. Which ones are they handling and when are they going to start? Which ones do we have to do ourselves? I need to know this to advise as to what letters and what to say to what pdls.

Sorry to ask so many questions, but we want to get the ball rolling and get this all behind you! And we're on our way!

Langhorne told me to leave out Check N Go. I figured he would no best on what to do. My next pay isn't until next Friday and I will have to take $130 out of that and $130 out of my March 28th pay. So probably not for another month. I really don't have a choice. Do you think I should call T&C to get a plan from them and how much they cost? I think that's their name. If so, do you have their number? Regarding my bank, they transferred all but what I needed to clear outstanding transactions into my savings account. She did not say anything about them using my savings. Is that something I should have asked? The pdl people do not have my savings account number. I don't understand what you mean by my savings being negative??:oops:

Here's where I got the idea from that your negative balance is in your savings account from what you posted above:

Quote:

Town & Country Acceptance Corporation
Phone: (205) 823-4930
Fax: (205) 823-7858
Address: 2081 Columbiana Road
Birmingham, AL 35216

Oh, I'm sorry. That was not me who posted that. I am not sure who it was. It just says "guest". However, my bank did transfer all but what was needed to pay the one outstanding check that has not gone through yet. Once that check clears, probably tomorrow, they will close the account. In the meantime, I requested that my direct deposit be stopped from my full-time job and I changed my direct deposit from my second job to go into my savings.

Oh, Lordy, dina! It gets confusing with "guest" posts on a thread! :lol: I'm sorry! I thought it was you! Your bank account sounds like it's going in the right direction! Yay! So, are you going to try giving T&C a call? Or are you going to stick with Langhorne? Keep me posted on what you decide! :wink:

I could not sign in again. I am having trouble with it accepting my username and password. Anyhow, I am an idiot! I guess this was in my favor, I emailed the Little Loan Shoppe and asked them what my balance was and to send me my paperwork. They came back with me not having a loan with them! :lol: But, it's in my favor, so that's good. I think what made me think that was they had send me an email a while back telling me I was approved for $250. Thank God. I am going to call T&C as well. I have to work my second job tonight and tomorrow, so it probably won't be til Monday. Once I decide who, then what happens?

Well, good news there! :lol: Little Loan Shoppe says you don't have a loan with them! Yay! I do hope that you kept that email just to be on the safe side. You'll want something from them stating you do not have a loan with them. Print it, save it, keep it forever. Now, if you do decide on going with either Langhorne or T&C, then they will do the "dirty work" for you. That's what you're paying them for. Once you start with a company, if any pdls contact you, just refer them on to the company that is handling your pdls. Just tell them to call "such and such company" at "such and such telephone number" as they are handling the matter. They will do the work for you, okay? Let us know how it's going for you!

Okay, this is my luck.....and I will try to explain this the best I can. My checking account is now overdrawn. When I spoke with the rep from my bank and she was on her end doing all the necessary to close it, there was a trasfer set for Friday, March 7th to trasfer $25 from my checking to savings. When I set up the transfer a while back, I accidentially set it for every week versus every two weeks, therefor causing three transactions to bounce because of $5.00. They covered the items, but for each one, they charged me $35. Now I am overdrawn $125! I emailed their customer support with all my information from cancelling my account to the mistake I made and they are not going to reimburse me the fees, therefore, my account will not be closed until I pay that, which I don't have. I sent them another email pleading with them to please waive the fees and I have not heard back from them yet. The pdls that are scheduled for this Friday are more than likely going to be posted. I have no money in there because my direct deposit was cancelled. Any suggestions?

My username and password are not working again!! :x

dina, send an email to jason(at)debtconsolidationcare.com
He can help you with your userid and password.

Now, as for your bank, I'm sorry this has happened to you! Is there ANY way you can physically go to your bank? Or call your bank and speak to the manager? Now that your account is overdrawn, they can not close it. So you will need to put a HARD DEBIT BLOCK on that account now. Now. If the pdls are due to hit Friday, you need this done ASAP. Can you call them (the manager) or go there? This is very important or else the pdl debits will hit and cause you to be VERY, VERY overdrawn.