The newest Payday Loan scams!

I am sure its in the "fine,fine" print...if even at all! :(


Good post Frog!

I was hit with something like that but for a larger amount...my bank did refund me...but they said read the fine print which is hard since they do not put in bold print or in neon lights....thanks for the reminder!!!

I got scammed twice by these people after Christmas when I was trying to get an IPDL. The first company debited my checking account for $37.00. When I saw the unauthorized charge and knew I didn't make it, I hunted them down and called them to have it credited back and asked how they got my private info in the first place. They told me I had signed on as a subscriber to their program for ID theft. How ironic is that??? Scammers selling ID Theft packages. I hit a dead end with the so called Manager and my bank credited the money. Two weeks later another charge for $149.00 was debited. The company is called Access2 Benefits, or something like that...when I tracked down the contact person, found out he is out of Clearwater FL and said I would have to submit a complaint form and it would take 30 days for my acct. to be credited. The bank stopped payment but I was charged $35.00....shortly afterwards the bank closed my acct....a blessing in disguise.

So yes...these predators will stop at nothing to wreak havoc and ruin innocent unsuspecting people.
If you fill out a PDL application, you will be taking additional risk because if they have your private banking info...you're at their mercy!
Sad but true...

OPPS...sorry, I didn't mean to submit this 3 times, I didn't think it posted! :? :?

'Access to Benefits?'..is this the name of the PDL? I haven't seen that name 'pop-up' anywhere ( on ads on my PC), but, I'll be looking for them. Thanks.

My Access 2 Benefits appears on my bank statement as , MYACCESS, 800-418-0776. They took 149.00 out it was stopped. The other one is "www.idprosup.com", 31.98, and "www.pdssup.com", 6.98, I believe these 2 are the same. Both claim to be ID Theft protection companies and said I authorized them to debit my account when I signed up for their "membership subscription". Hogwash! They are both BOGUS SCAMMERS!!!

I am soooo done with Internet loans, my gosh did I ever learn a hard lesson. I am still paying off a store front after I asked for the epp, but two more payments and I vow to be done 4-ever with pdl's. I've said it before but this time I mean it. I hope! :?
Anyway, this is good information to know. Thanks for posting it.

I am not surprised by the people who have been victims of this on here. It is becoming more and more widespread it seems.

We ALL have learned a lesson. If the people, on this forum, din't want to try and handle their issues, with PDL's, they wouldn't be here. Congrats to everyone, who are trying to solve your issues, on your own!! I know it's not easy. 'Been there-done that."

Amen to that...I immediately felt at home here because I wasn't judged for making monumental mistakes and unwise decisions. I was embraced by people who have been in the same situation and can offer sage advice on how to conquer the demons and find a peace of mind while taking steps to find financial independence.
Sometimes, we can't always learn from our own mistakes but will listen to other people in the same boat and see the light! :wink:
I have...and I'm sleeping much better! :)

guest, thank you for that post! It's so nice to hear you say that you felt comfortable here. That's the goal. We do not judge, as we are all the same here. We are here to help you and anyone else who comes here with a desperate plea for help towards a "normal" life again. Thank you for coming here, and please, always feel welcome. You are among friends here.

Tese people also debited 31.98 from my account when I applied for a loan. Fortunatley I didn't need the loan after all. Well anyhow 3 days later my account was hit for 31.98 and I contacted my bank letting them know this was all fraud I also filed a police report and contacted the FBI Internet Fraud Unit. My bank reversed the charge and haven't heard from the company since.

I just checked the website and it's suspended

just a side note..Los Angeles Times had a huge article in paper today about California cities trying to put PDLs out of business and get them out of their towns..
mentioned how they had caused many military employees credit problems... r.e. re-enlistment etc.. and how military promptly enacted a no interest rate loan program to prevent military personnel from using pdls ever again....
it was a great story ...any one here can access the la times on a google search if interested in report....once again good luck to all!

Great info. I know that there were problems here in New York with loaning to military personnel as well. Maybe the word is "getting out" on these low lifes and there is light at the end of the tunnel.

not sticking up for PDLs--but one of mine made me check if I had any doings with the military--they and others now will not even offer loans to them. its kind of "funny" but one pdl has a quote
"We will not be able to give you a loan if you are a regular or reserve member of the Army, Navy, Marine Corps, Air Force or Coast Guard, serving on active duty under a call or order that does not specify a period of 30 days or fewer (or a dependent of such member). Warning: It is important to fill out this form accurately. Knowingly making a false statement on a credit application is a crime."--why is that they can break the law and attempt to get away with it????

Most, if not all of the PDLer's now have a disclaimer right up front as to your affiliation with any branch of the service. Like I said, AG Spitzer banned a couple during his reign as a result of inappropriate military personnel lending. They were just doing the CYA thing so it wouldn't come back and bite them in the butt at a later date. Evil, Evil, Evil.

I agree llw...
some people say all publicity is good publicity..but stories about pdl's are all bad publicity as far as I am concerned...
they can no longer take advantage of military personnel
because government stepped in after problems they caused...hopefully this bad publicity will continue to leak over into all transactions....

'Guest'.....I've seen PDL's ONLY give you a 'loan', if you're "serving overseas." I wish i remembered the name of it..it's been so long now. Apparently.....if you're serving somewhere BESIDES in the US, the PDL company ASSUMES they can 'get you' that way. When I was overseas, we used the computers, at a MWR tent. As soon as you turned the things on, you saw ALL KINDS of ads, for PDL's. " Are you serving overseas, can't wait until Payday?", etc. Disgusting!!

The storefronts here in Florida are lined up outside the bases!

These PDL places just prey on SOOO many. The miltary is pretty strict about 'their' soldiers getting loan from PDL companies. You can actually get in alot of trouble...but, I know a few soldiers who have 'gotten around' the military system and have gotten PDL's. I don't know how, but, I'm not gonna try to. Knowing my luck, I'll get caught!!LOL

sounds my luck...lol

sd..have you heard about the no-interest rate loan program that was reported in L.A. times?..(just wonder if it is indeed well known and if military personnel are fully aware that they indeed have this option before being taken advantage from the predators..or if it is only P.R. blowing smoke and not available to everyone in military)

People think that payday loans are designed as scams to rob consumers of their earned money. However, one would need to consider the fact that consumers who apply for payday loans have already considered all their options. In the other hand, why does the legislature, getting in between the payday lender and the borrower? What are their agenda?Solicitation deleted per TOS rules, Shazzers

No Fax - ARE YOU KIDDING ME??? This whole board is littered with stories of how the PDL industry has just buried the comman man! I am amazed that you would ask those questions. "Predator" look it up in the dictionary!

They try to get you anyway they can. It use to be $19.95 for roadside service

Solicitation deleted per TOS rules, Shazzers

you know come to think of it that happened to me. every month or so when i got my statement i was noticing this charge of 31.98 being debited from my account. so i called the number and got the run around. in the end i just closed out my checking account. but it really makes me think that here i am stressing out trying to get these monkeys off my back and all the while they're screwing left and right. i remember applying for a pdl and got a messasge confirming that a charge wouold be debited from my account. so i called and told them i did not sign up for that. what i signed up for was if i wanted news alerts (special offers etc.) but there was never any charge listed. (why would i pay for a "special offer allert notice"? then i called and told them to cancelll that. she got a real attitude w/me and then tells me i did not read the terms
are you kidding me??? who would pay for info? anyway after a while i was noticing the charges so they never did cancle and when i called that's when i was given the runaround. and like i said eventuallly i closed my account. now i know what they did was ilegal bcuz they never called to say hey this came back as nsf like a halfway normal company would do if they were legit. i tell you they need to be wiped off of the planet as fas as im concerned.

to pay day loan:please save your pro pdl rhetoric,no one here is interested in any pdl.nice that you put your e-mail on the bottom.that should be deleted.anyway,why don't you skeedaddle.

R U KIDDING ME??? LOOK... EVERYONE HERE ON THIS MESSAGE BOARD AT ONE TIME OR ANOTHER HAD TAKEN OUT THESE LOANS FOR ONE REASON OR ANOTHRE. SOME MAY HAVE WAVED THE OPTIONS SOME MAY NOT HAVE TRULY UNDERSTOOD HOW THEY WOULD BE IMPACTED. I AM ONE OF THOSE PEOPLE. I TOOK OUT A LOAN AND B 4 I KNEW IT. I WAS KNEE DEEP IN DEBT BCUZ OF IT. NOW LET'S BE HONEST MOST OF US EITHER HAVE BAD CREDIT OR NO CREDIT OR MAXED OUT ON CREDIT AND CANNOT GET IT THROUGH A BANK OR C U. NOW IF THESE PAYDAY LOAN PLACES WEREN'T SOOOO DOWN RIGHT SLEAZY AND GREEDY I WOULD BE SO INCLIDED TO AGREE. HOW EVER, WHEN THESE PLACES HIDE BHIND THE BOGUS EMAILS AND OFFSHORE LOCATINS AND SUCH. WELL THAT JUST TELLS ME JUST HOW SNEAKY THEY ARE NOT TO MENTINON THEY HAVE SOMETHING TO HIDE WITH ALL OF THEIR D/B/A'S NAMES. EVEYONE HAS A RIGHT TO OWN AND OPERATE A BUSINESS . BUT WHEN A COMPANY LIKE PDL JUST RIP OFF THE CONSUMER, LIE TO THE CONSUMER, HARRASS THE CONSUMER, AND EVERYTHING ELSE UNDER THE SUN. THEN THEY NEED TO BE SHUT DOWN BASICALLY I NO LONGER TRUST WHAT THEY SAY, EVEN WHEN THEY CLAIM THEY WANT TO WORK WITH ME. WHEN EVERYTHING CAME TO A HEAD THEY DIDN'T WANT TO WORK WITH ME. SO NOW THEY ARE AT MY MERCY AND WILL HAVE TO WAIT FOR ME. TO PAY THEM BACK ON MY TERMS.......
SORRY, THIS HAS LEFT A REALLLLY BAD TASTE IN MY MOUTH (THESE PDL PEOPLE.)

MAKE ME!!

I THOUGHT THIS WAS PDL FORUM.

I am blessed to have found this web site :)

rwilliams,whats up?someone in your ear.i checked and you got nothing on your page.you don't think i was addressing you.i wasn't,i was addressing the poster before you.

sounds like we have a pdl employee on our site! well I agree with Rwilliams we all got into this mess becouse we have bad, or no credit and cant get a loan elsewhere, we are all so desperate to get a little money that we dont read the fin print, every one of my ipdls that have come after me to collect on a debt have said "didnt you read the fine print?" well duh no! the IPDL's feed on this and take full advantage of us desperate people. It is definately sad.

There is so much negative publicity for the payday loan industry, because the apr is said to be so outrageous. Have you compared the APR of a payday loan with the APR of a bounced check, credit card fees or even a utility bill? Look at this:
???? $100 payday advance with $15 fee = 391% APR;
???? $100 bounced check with $48 NSF/merchant fees = 1,251% APR;
???? $100 credit card balance with $26 late fee = 678% APR;
???? $100 utility bill with $50 late/reconnect fees = 1,304% APR
What do you think is the better choice?

Quote:

The big difference is that the other fee's are a 1 time fee. For the payday loan they are every 2 weeks, sometimes more if the company decides to play games, until the loan is either paid in full or the person stops them from accessing the account.

I'd rather have a 1 time $30 bounced check charge than pay an extra $900 for a $300 loan or even an extra $180 for a $100 loan because most companies charge a $30 fee per $100 & that's if they even pay it down after 4 fee's, sometimes they don't & the fee's add up to even more.

It took me 6 years to learn enough to stop the cycle & get myself out so I know that I'll never go that route again :x

Here! Here! Dawn, well said!

Thank you, sometimes I get so frustrated, I'm glad I can vent here :D

Thanks for the information.

This so called good story does not necessarily have a great ending. Perhaps one should look at the other side of the story. The story regarding legitimate lenders who serve a real purpose. More importantly, one should ask military personnel how this cap has affected them. The truth is, almost no company can afford to lend them money. Look at all the sites that indicate that they do not service that segment of the market any longer. I'll bet the individual who wrote that article has never had to choose between paying a bill or going without food.

Hello if you take out a pay loan in florida for 500 dollars, and you pay it back in 30 days its 555 dollars you owe the store front in st pete florida that not bad at all 55 fee for a 500 dollar loan.

Ok, I myself have been a vicitim of "unauthorized charges" from a payday loan company. It sickens me to death the lengths people will go to separate hardworking honest people from their money. It's not just the payday loans you have to watch out for anymore. Now, when you request a loan there are multiple "offers" that pop up during your "application review". They offer different types of subscriptions such as "Identity Theft", credit cards to purchase merchandise from their company only, and the list goes on and on. For each pop up they ask that you either "decline" or "accept" the offer. Now, here's where you can really lose ALL of your money.

I requsted a payday loan last week, I filled out the application and clicked "Decline" to every single offer that came up. Well, guess what? I checked my account this morning and there was an ACH draft posted to my account for $49.95. When I saw it, I knew I didn't write it or authorize it since I only write about 2 checks a month. Also, the check was to a company by the name of "Freedom Subscription" (www.freedomca.com)which I've never heard of. It all looked very legit and I suppose to someone looking at it they would assume I ok'd it. Well, I didn't. I contacted the company and really let them have it. I told them they needed to refund my money as I did not give them permission to stick their dishonest hands in my bank account. The person on the phone was less than sympathetic and said to me that they "would never take money out of an account unless it was authorized" I said "yeah right" and told him to shove it.

I stated that if the company did not refund my money I was filing fraud charges against them. Funny how that made him move a little faster. He then told me that it would take 30 days to get my money back as they had to print me a paper check. I told him it didn't take that long for them to steal my $50.00 and I wanted it back in my account immediately and the bogus "subscription" cancelled. He claims he cancelled the "subscription" but I hardly think he did. Anyway, I got his name, agent ID number and also a confirmation number confirming that I canceled it. I realize that this information could be bogus as well, but I wanted something to show my bank that I didn't authorize the charges if they had questions.

Ultimately, the customer service rep in the fraud unit informed me that they are seeing an increase in 3rd party charges to customer accounts when they've applied for and received a payday loan. I was also told that even if you "decline" each offer, they are still charging customers and will continue to do so unless you freeze and close your current account and open a new one. I told them my story and also said that the company claimed they would return my money but I didn't feel they could be trusted to do that. He told me that they would return the check to the company (unpaid) and put my money back in my account within 24 hours but I would have to get another account because in his experience these companies continue to take your money, in small amounts, under different names.

So, the moral of the story is this, if you need a payday loan stick with reputable companies that have a LOCAL address in your area as well as a telephone number. Companies such as Money Tree, Check into Cash, etc. will work with you if you can't pay them back. My suggestion to anyone thinking of getting an online payday loan is this:

DO NOT GET ANY ON LINE PAYDAY LOANS, EVER!!!!!