Payday loan help

Sharlene, angell and purple posted great stuff for you! angell is right. If the debits hit and were blocked, they're not going to try to hit again so soon. They don't know yet that the debits were blocked. You can act quickly and take out your money (great job on getting an account at a new bank!) and have the block put back on (make sure it is put back on!). Just act quickly. Now, my only "thing" is that they made you write a check for cash. They have to wait for that to "clear". When I had my hard debit block, I would go in, tell them there is a block on my account; however, I needed to withdraw funds. All they had me do was fill out a withdrawl form and sign it. They gave me the money and the block was put back on. No checks were involved. That's my concern here. Why did they make you write a check, that needs to post to your account, then clear your account, etc. That takes time. And within that small time window, debits can go through. That is confusing me. I swear, I didn't write checks for cash. It was more like a little "form" to withdraw my funds and I signed it and they signed it. Then I said "Is the block on?" and they said "yes". I did this several times, as I was getting refunds from some of my pdls. So each time I saw a deposit made, I went to the bank, did my "thing", walked out with the money, and the block was put back on. I'm kind of confused as to why they made you write a check knowing the risk of having that block off (even for a short time period).

i need help with payday loans i have learnt my lesson i will never again when i get them paid how do i get a payment sent to them by mail ant out of checking account

barbie, We will be more than happy to help but we need a little more information. Please tell us what state you live in, whether they are storefront or internet, how much you borrowed from each and the total of how much you have paid back to each. Also, if you could, when you post the information I asked for, could you please start your own thread. If will be easier for you to find your information and for us to find you as well. It will also help for you to keep all your information in the same place.

Quick question.... does anyone know if Magnum Cash Advance is affiliated with any other pay day lenders?

Recieved an error message when I tried to post my pdl list yesterday - so hopefully this will work. I look at now and can't believe I let things spiral so out of control! :oops: :cry: :evil:

Cash Transfer Centers 450.00 0.00
Fast Cash Loans 300.00 0.00
my cash now 550.00 868.20
Discount Advance 340.00 0.00
Apple Day 350.00 806.32
E Payday 300.00 910.00
Cash Today 4You 350.00 720.00
United 350.00 715.00
Pay Day Online 350.00 1365.00
Pay Day Online 200.00 660.00
CashNet USA 500.00 313.75
World Wide Cash 200.00 1157.00
PayCheck Today 300.00 360.00
Oakmont Funding 300.00 450.00
CashAdvance Network(MTE) 300.00 180.00
Little Loanshop 300.00 450.00
Impact Cash 350.00 210.00
Zip Cash 500.00 450.00
Money and More 255.00 0.00
PayDay One 650.00 341.88
ameriloan 400.00 0.00
First Bank Of Delaware 1000.00 545.67
Grace Period 500.00 70.00

The Grace Period loan is legitimate, church sponsored agency in my area that tries to help people with low interest loan.

Not sure how to catagorize the 1st Bank of Delaware - I initally applied online @ Check n Go and was bounced to 1st Bank of Delaware. It feels like a pdl, but I think it would be considered an installment loan (26 biweekly payments of 60.63)

The block is back on my bank acount - but not before running up over 800.00 in NSF charges. I've opened 2 new accounts at another bank and have stopped my direct deposit.

The calls have started - must be getting 8-10 on my cell and office line.

What do I do next??

Sharlene, is the bank going to work with you on the NSF. I can not believe they made you do that. I makes no sense to me. You are correct about First BAnk of Deleware, it is an installment loan so you are oginog to have to work out a payment plan with them. The others..it looks like most of them are close to paid or overpaid. I notice you have Cash Transfer Center. You need to do a letter to them and to your payroll revoking any wage assignment you may have signed. Let me go back through your threads and see if we posted the letters for you yet. If not I will post them and an explanation for you.

Sharlene, so your bank account that these pdls have the information on is to the point to where they can no longer debit, correct? We need to make sure the bank account is "safe" from the pdls and we're going to get some letters sent out to these pdls and file some complaints. Okay? roxy is checking out the letters to see what we need to post for you. In the meantime, Cash Transfer Centers - do you work? CTC will send a wage assignment to you employer. We need to get your butt covered on that quick before they send one. As roxy said, First Bank of Delaware is an installment loan. Totally different from a pdl. And your chuch loan, okay, we won't count that one since it's a legit loan. The others, let me run through them. There are a ton of illegal names popping up.

Cannr, so far we had found Zip and Little Loan Shoppe were licensed.......

Sharlene,

Here is a sample wage assignment letter that one of our members posted...you can use this as a guide

http://www.debtconsolidationcare.com/paydayloan/online-lenders.html

and here is a letter to use with the pdls which you can use as a guide as well, you will need to change the information and laws to meet your needs

http://www.debtconsolidationcare.com/paydayloan/need-checklist-1.html

All you need to write to revoke a wage assignment is "I hereby revoke any and all wage assignments I may have signed with Company X."

That's all you have to write. you can keep that one short and simple.

Cash Net USA is lending to PA consuemrs under it's Nevada license - I'm sure that's probably been mentioned, but I didn't want to read the first 5 pages of the thread to check.

Payday One is using it's Deleware license.

1st Bank of DE is an installement loan. It's totally legal and different laws apply to it.

Cash Transfer Centers - not licensed/illegal
my cash now - not licensed/illegal
Cash Today For You - not licensed/illegal
World Wide Cash - not licensed/illegal
PayCheckToday - not licensed/illegal
Cash Advance Network - not licensed/illegal
ameriloan - not licensed/illegal
United Cash Loans - not licensed/illegal
PayDayOnLine - not licensed/illegal

CashNetUSA - licensed/legal
Zip Cash - licensed/legal
PayDayOne - licensed/legal
First Bank of Delaware - licensed/legal
Grace Period - church loan/legit
Little Loan Shoppe - licensed/legal
Impact Cash - licensed/legal
Apple Fast Cash - licensed/legal

Do we need to check the licensing on the following?

Fast Cash Loans
Discount Advance
E PayDay (thinking this is an illegal one)
Oakmont Funding
Money & More

Sharlene, can you verify for us, please, if you have TWO loans with Pay Day On Line? Am I reading this correctly?

E payday is a sub of Cash Net 500 . . . .

So, is CashNet500 legal??

Yes, 2 loans with payday online.

Just checked and it is United Cash Loans

Cannr...LIttle Loan Shoppe is licensed in UTah..you posted that at the beginning of her thread... and I remember you posting for someone else that Impact Cash is licensed in UT as well....

Cashnet 500 is also.....Payday Loan Yes, Global Payday, USA Cash Express

Okay. I'm editing my posts to keep all the information together. I'm going to show Little Loan Shoppe licensed and Impact Cash licensed. Also CashNet500 is not licensed. Just read that on another thread, so I'll update that also. Just trying to keep everything to where we can read it easily! And, since it's been verified that it is United Cash Loans, they will be put on the unlicensed list....

Okay. So, do we need to check on licensing for the ones posted above? I'm thinking E PayDay is tied in with CTC (?) or someone illegal (?). Help me remember! Also, Sharlene, the one pdl that gave you two loans - they are BOTH current loans? They gave you one and then gave you another while you were still paying on one? It is the same company/address, correct?

Cannr here is a reminder of research you did for Sharlene on payday on line

Damn! I'm ahead of myself! LOL! Wait! Let my head catch up with my a$$! :lol: Okay. So I'll add them to the illegal list. You know what's weird is that they gave Sharlene TWO loans. One before the other was even paid off. Odd. However, when one is illegal, why would they do things that make sense??? Okay, just so that I'm caught up with MYSELF, are the ones left the only ones we need to check on? I'm editing AGAIN right now!

Here's the only information I have on Payday Online:
1201 N Orange St
Wilmington, DE 19801
800-928-3161
My loan document also states "disclosures under Federal Reserve Regulation Z"

Well, they are not licensed there. Apparently I checked before (I'm kinda slow here :lol: ) and didn't find them. Figured I'd check again just to be sure. Not finding them licensed.

I found an address for Apple in DE and I checked the licenses and it was not licensed in the state where the address is....

Could not find anything on this site for Oakmont. Will google.

Can't find a darn thing on Oakmont Funding on BBB or through Google. How about you, roxy?

Apple is actually Apple Fast Cash, and they are licensed out of DE as Aple Cash Express dba Apple Title Loans, dba Apple Fast Cash . . . . License #2002016

Address:
1010 Concord Avenue Suite 204
Wilmington DE 19802

OH! THANK YOU GOUDAH!! AWESOME! Do happen to know about the others in question??? Thank you so much!!!

No . . . . But sharlene, if you have any addresses or phone numbers it would help in looking for them . . .

I've tried to track down some additional information.

Fast Cash Loans - my documents came from fastcash-advance.com; however, my email notification came from PAYDAY-LOAN-YES.COM I don????????t have an address but the phone # 800-550-6051

Discount Advances - Didn't get much more here except it as an "IGottIt.com company" no address but phone # 800-446-8482

E PayDay - e-payday-loan.com, PO Box 571992, Murray, UT 84157. 866.364.9684

Oakmont Funding - Loan & ACH payments are identified as Oakmont Funding; however, an extension form is emailed every 2 weeks from Loan Point Funding 1-800-351-8820. Those emails all include this statement: ???????This entire agreement is constructed under and in accordance with the laws of Utah.???????

Global Payday Loan, LLC
Payday-Loan-Yes
PO Box 572037
Murray, UT 84157

Payday-Loan-Yes
328 Margarette Gdn
Des Moines, IA 50307

I checked and did not find them licensed. Someone correct me if I am wrong.

Cashnet 500 Financial
e-payday loan
PO Box 572037
Murray, UT 84157

I checked and did not find them as licensed. Someone correct me if I am wrong.

Discount Advances
1129 Vassar Dr NE
Albuquerque, NM 87106

I checked and did not find them licensed. Someone correct me if I am wrong.

Oakmont Funding
XPRESSCASH
Loan Point USA
2207 Concord Pike # 505
Wilmington, DE 19803

XPRESSCASH
(800) 351-8820 2207 Concord Pike # 505
Wilmington, DE 19803

I'm finding an Xpress Cash Solution, Inc. licensed in Utah. This may be them.

I checked Delaware and did not find them licensed there.

However, your emails state "Utah", so it may well be the one I found licensed in Utah.

I'm trying to review all the posts to prioritze my next steps. Looks like my biggest threat would be Cash Transfer Centers trying to evoke the wage assignment with my company. I have the sample letter that I'm working on now - does it go to HR or Payroll? Who actually has to sign off on it? Also, do I need to include letter to CTC? If so, how do I deal with the pay back issue. I don't want to make one payment, and would prefer setting up a payment plan.

Another question about CTC. Since this loan is paid back in full each time, how do I handle the following paragraph?
I have currently paid XXXX DOLLARS on my XXXX DOLLARS loan. The legal amount that could have been charged to my loan is the principal amount of XXX DOLLARS even if your internet pay day loan was legal in YOUR STATES NAME. I have paid XXXX DOLLARS on this loan by your debits of my bank account and only owe XXXX DOLLARS to have this paid in full. I am willing to pay the amount of XXX DOLLARS to pay the principle amount of the loan only, as advised by my Department of Financial Institutions and my state Attorney General's office.

Can I roll in past loans and overpayments due to inflated finance charges?

Sharlene, First, with the wage assignment, I would give it to both HR and payroll. I am not sure who it will go to but would cover all my bases.

As for the letter, you can change it to meet your needs, if that paragraph does not work with your situation, change it to what it needs to say. The letter is a guide to help you know what to say. I know Cannr had CTC and will be around later. I am sure she will have advice as well.

One more question about CTC. Even though each loan doesn't have a rollover option, I've had several loans with them over the last 6 months that I have paid in full. Can I consider all of them when I send out my letter - in essence, can I get any 'credit' for past amounts that were paid beyond the principal?

Sharlene, hate to be the bearer of bad news, but nope. They will NOT take any past loans into consideration. Actually, what they will do is claim that you were aware of the terms and conditions and fees and you didn't have a problem then, so why do you have a problem now. That's been my experience with them and others experience with them. That's how they operate. So, just concentrate on the loan you have with them now. They will not take any past loans into consideration. They actually try to hold them against you.

Quick question - I've just sent HR my wage assignment letter by interoffice mail. Should I wait till Monday to fax, email, and send the certified letter to Cash Transfer Centers - or is it safe to go ahead and contact them today?

Sharlene, since you've covered your butt with your wage assignment revoke letter and gave a copy to your HR/Payroll, you're fine waiting until Monday. Hell, just as long as you are covered at work so that they won't honor their stupid wage assignment, you can take your time. Monday would be just fine to fax/email/mail CTC. You did the important part - the wage revoke.

Does anyone have a fax or email address for
MyCash Now?
I have 2 pdl's (Cash Advance Network & Paycheck Today) that are identified as part of MTE Financil Services but not licensed. Who should I be trying to contact to send letters/faxes/emails etc?

support (@) mycashnow.com

I think I'm making progress - I'm ready to send out my letters (faxes & email when avaliable) to any pdl that is currently not licensed. However, that still leaves me with 7 pdl's operating legally in PA:
>2 licensed DE
(pd 806.00 on 350 loan; 340 on 650 loan)

>1 licensed NM
(pd 450 on a 500 loan)

>1 licensed NV
(pd 317 on 500 loan)

>3 licensed UT
(pd 210 on 350 loan; 450 on a 300 loan;
& another 450 on a 300 loan)

How do I go about negotiating a settelment - or do I have to pay back the loans on their terms?

Sharlene, your first thing is to prevent them from debiting your account. If they can no longer debit that bank account, you're cool. Now that they have no other way to get their money, you can make alternative payment arrangments - whether it be by money order, pre-paid debit card, money gram, or western union. I personally lean towards them giving an address to send money orders to since it's a hell of a lot cheaper. You can TRY for a settlement; however, since they are licensed in those states, they're supposed to follow the pdl law of the state in which they are licensed. Which means the pdl state laws of Delaware, New Mexico, Nevada, and Utah. Which does suck. However, you can always, always try to get a settlement. Tell them how much you've paid already, try to get them to settle for a decent amount to pay it in full. Hell, it's worth a shot and you may actually get a good response.

Does anyone have a sample letter that has worked with pdl's that are operating leagally? Or should I just call them directly?

I can post a letter for you. Please be sure tha your account is closed before you send anything. You will need to doctor up the letter to fit your needs.

Thanks Kashzan, I've taken care of my bank & now I'm in the process of contacting the varrious pdl's. I actually have the letter you posted and have adapted it for any of the companies that wouldn't be considered legal to fund loans to PA residents. I was hoping there was something just a bit less confrontational for those companies that are licensed.