SPOKE TOO SOON

DJ, telecheck and teletrack are two different things...Telecheck is for writing checks and teletrack is a sub prime loan and payday loan reporting agency. Companies like pdls or rent to own furniture places use Teletrack.

Companies like pdls or rent to own furniture places use Teletrack. I would not worry too much about it...unless you are planning on taking out more pdls or renting some furniture. :wink:

I don't care about that then. Is there anything extra I should put in my response letter?

Oh no, no more PDL's for me. I have become so educated through this forum that I would sing out in the street, have a garage sale, borrow from relatives before I revisit this nightmare.

I usually prefaced mine with ...This is written in response to your e-mail dated XXXXX, where you notified my of my overdue status as well as teletrack placement. CTC was sent a letter via crr on XXXX and it was received by you company on xxxxx. At that time you were advised ....(whatever you situation is regarding the law). I have placed a copy of the letter at the bottom of this e-mail for your review. And paste the letter to your e-mail response.

Thanks so much! I owe the full principal on this one, but I can't pay 550 in one lump sum or two for that matter. How should I go about this one. What are other people's experiences with CTC??

I am dealing with them today as we speak and got the same response....I have not paid back the last amount, but have over the last 6 months since I started borrowing from them every pay period...

Since I have paid all of their fees they have requested over the principle and considered illegal; then it looks like I would not owe them another dime...

but not sure...so I am waiting on other responses to see myself..sorry if i am not much help..but wanted to let you know where i stood with them too.

We are in the same boat for sure. They emailed me, but someone keeps calling and hanging up. I am fortunate to have two phone lines at work so they will never be able to reach me by telephone. Please keep me posted on your progress with them and I will do the same.

How many times have you reloaned with them? Is this your first?

Please keep me posted as I you...

Thanks

I have reloaned for over a year twice a month consistently. However I thought that you have to pay back whatever you reloaned which was 550. I know I have paid them well over $2000 in fees.

well dj, I have paid over the last year a total of $3348 in fees alone...at which is well over the amount I still owe them. Since their loans are an illegal debt; then they weren't allowed to charge the fees. But we paid them anyway...so you would think that the fees paid so far would cover any current loan we have outstanding with them..

I just sent them an email reply stating that even though I have paid them that amount in fees on an illegal debt, I would be willing to see what type of an arrangement they would give me. It would be on my terms and would be a monthly payment. and i would want a mailing address as well to send a money order. We will see how this goes...not sure if anyone else out there has other suggestions or has dealt with them in this same manner would like to respond...

both of you,the loans are illegal.send dv and c&d letters.then file ag complaints.don't pay them anymore.they got a boatload of money on illegaly lending to you.

That is where I was confused. I thought we were responsible for the principal for the last reloan. I
probably have close to that in interest as well because I was reborrowing $600 twice a month. OK, what are my options with this, what am I legally on the hook for???

I have sent them by fax and email both a letter with all the necessary info to revoke wage assignment and C&D....i actually ask for a refund....but then get confused with this one even knowing that they are illegal that I do still have that one reloan that the principle is still outstanding. Like i said above, I have paid a lot of monies in fees to these clowns...

exactly,since they are illegal any money paid no matter what goes toward the principal.you owe them nothing.if anything you should seek to have some money refunded to you.

Now I really have questions. What are c &d letters and you mentioned something else. Can you pm them to me? Also I paid six months under another account that was shut down so I can access proof from January 07 to July 07. I think I know how to calculate how much I should have been paying each reloan and the difference would be what should go on the principal? I don't know, so confused!!!

j, if you sent the letter Volley posted for you, the cease and desist are in that letter. Just keep resending the pdl letter Volley posted. CTC is not license...just pay them back what you borrowed.

Let me just jump in here as a CTC victim myself. They will NOT let you use any "prior loan" overpayments and apply them to your current loan. They will not. They consider those loans done and over with and don't give a crap that they raped you on illegal fees. They will say that you still owe on your current loan. You can try to work with them on just paying the principle amount of the loan. They will not cooperate. You can ask them for refunds. They will not issue you a refund. They will fight you tooth and nail. They will send a wage assignment to your employer trying to get them to pay your loan (an outrageous amount). Just as long as you have sent them "the letter", it covers everything. I actually did a separate revoke wage assignment letter just for them because they are so difficult. Make sure you give your HR/payroll department the revoke wage assignment letter because they will send one to your employer (they are jerks). They refused to work with me. I left it in the hands of my state AG. They never responded to any government agencies. Not one of them after many, many attempts. After getting a fax from my employer stating "we do not honor wage assignments", they disappeared.

There are quite a few CTC posts popping up lately...thanks for posting the information.

It's my PLEASURE to post how these morons operate! :wink:

thanks cannr for your suggestions. much appreciated. I will say that they have blocked my access to their website. Go figure. will keep all posted to my situation as it happens with them.