PDL Help - Michigan

You are correct that your pdls have to be licensed in MI. Here are the state laws for you and everyone to look at (just select your state),

http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

What is my first step? I realize from my post that half of my PDLs are paid off or overpaid. The other half I have begun repayment on them but that is mostly fees. This has gotten so serious that I am getting behind on my bills and falling deeper into the trap of new PDLs.

I understand that most people send letters out to the PDLs. Where can I find this letter?

kmueth, You need to be sure to get that bank account taken care of first. I have a pdl letter I will pm you. I did a quick check and so far did not find any were licensed in MI. I will check more in depth this evenint. Please read this about closing your account.

http://www.debtconsolidationcare.com/paydayloan/close-account.html

Your first step is to close your account so that these people can not debit your account any longer. I will post something for you to read prior to closing your account. Open a new account and do not give the info out.

You do not want to contact the pdls until you are sure that your account can not be hit by them. If they know what you are up to they will debit for everything you owe. The pdls that are not paid in full, you will want to work out payment arrangements with. But your account needs to be taken care of first so you money is safe.

km, roxy is looking up your pdls for you to see if they are licensed in your state, okay? I see many that are overpaid and some that are not paid at all. As posted, you will want to close your account (roxy posted the link and kash posted the actual post about it). If you have any questions regarding closing your account, please post. We can answer your questions. However, as roxy posted, do NOT contact your pdls until your bank account is taken care of. Then we can move on to sending them letters. Don't do anything yet until the bank account is taken care of. Roxy is checking the licensing on them. Then we'll know who is/is not legal to lend to you. So, hang tight regarding those pdl letters, okay. First step is the bank account. Please post any questions regarding that. Also, when are your pdls due to hit your account next?

I went to the state web site and looked up your pdls that I was not sure of. I found none to be licensed in Michigan which is good for you. As Cannr said, Keep us posted about your account and answer the questions she posted to you and we will go from there.

I went to the bank and they changed my account to credit only and opened new accounts. However, that will not take effect until tomorrow and the way it was explained to me is that the PDLs transaction are already considered "in process". I should have gone to the bank yesterday because PDL fees are due to hit my old account tomorrow. The person at the bank was very helpful though. I told her I had sent out cease and desist letters already and she said that I could bring copies of the letters in and fill out a fraud complaint and that the bank might put the money back in my account. I believe she told me that this was up to the manager's discretion.

So at this point I do need to put the letters together. Should I back date them to earlier in the week? Just curious.

BTW, I requested my loan documents from a few of the PDL companies today and they did not supply me with my original loan document. For example, Payday2go sent me a loan document that stated I initiated the loan on 02/28/2008 when in fact I believe it was 12/18/2007. The same was true of Little Loan Shoppe.

Okay, km. Here's what you need to do real quick. Since the pdl debits are already pending, the bank is going to let them go through, correct? Just for the banks sake (and to get those debits reversed off your account so you're not overdrawn), type up a quick letter for each pdl. Short and sweet. We can work on the "real" ones later that you will actually mail to the pdls. This is just to give to the bank so that they will reverse the debits. Just type up a generic letter. Put the pdl name and address at the top (so all you have to change for each one is the pdl information). Then type " I hereby revoke debit authorization of any bank account that I may have by your company, your partners, and any affiliates." Type your name. Do one for each pdl. This is just a temporary letter. Back date it if you have to. These will just be for the bank. This way you will have letters to give them so they will take care of these unauthorized debits since they are already pending. Of course, we will "backtrack" and get the letters stating everything in detail for your pdls to receive.

Do you happen to know where I can find addresses and contact numbers for each of them? Even though they are just for the bank, I do want them to look like a letter. I do have loan documents for the majority of them but I'm not quite sure if their address is contained in those documents.

I believe I will also need to send letters to the Payroll/HR departments of both of my employers. I just want to cover all of my bases. Does anyone have a generic letter available?

Here is information for One click Cash

One Click Cash
2533 N Carson St, Ste 5024
Carson City, NV 89706
1-800-230-3266


I found this about payday 2 go on another thread. this was posted by another member. they copied this from their web site. Also, PAyday 2 go is part of Cash Transfer Centers..

One Click Cash
2533 N Carson St, Ste 5024
Carson City, NV 89706
1-800-230-3266

Payday Island actually has an address:
PO box 150629 Ogden Utah 84415-0629

Instant Loans Now
223 West Bulldog Blvd
Provo UT 84604

B& L Marketing
320M S. POWELL AVE.
DUNN, NC 28334
Phone - 866-656-1136
Fax - 866-370-7045

World wide cash now/telmerica
2207 concord pike #449
Wilmington, dleaware 19803

my cash now
207-1425 Marine Drive
West Vancouver, BC Canada, V7T 1B9

Avantis Financial, LLC
2329 N Career Ave # 209
Sioux Falls, SD 57107-1312
Telephone: (605) 275-8700
avantisfinancial.com

IMPACT CASH LLC
1551 RENAISSANCE TOWNE DR, STE 560
Bountiful, UT 84010
Telephone: (435) 214-4148

XPRESSCASH
The Loan Shop
2207 Concord Pike # 505
Wilmington, DE 19803

Little Loan Shoppe
90 W 500 S # 2001
Bountiful, UT 84010

USFastCash
3531 P St NW
Miami, OK 74355

Midland Financial Corp.
Phone: (815) 398-5900
Address: 415 S. Mulford Rd.
Rockford, IL 61108

km, do you have any more information for
US CASH
QUICK 911 CASH

I can't find anything on them; however, if you have maybe an address or phone number, it might help. I think we covered everyone except these two! :D

Here are the addresses that I found for United Cash Loans and Quick 911 Cash:

United Cash Loans
3531 P Street NW
Miami, OK 74355

Quick 911 Cash
Del Prado Holdings, Inc
369 East 900 South
Salt Lake City, UT 84111

I need the formal letter to send out the PDL companies and a generic letter to submit to my HR departments just in case they get nasty.

K, I sent you a sample letter to use for your pdls. You will need to change the state laws and information to reflect your situation. If you have any questions just ask. I sent the letter via private message...check the top right side of the page...it should say You have 1 new message, click on that and then click on the message and you will have the letter.

Did km get the letter?

Sorry I was traveling all day yesterday and I just got a chance to check my email. I may need help on the calculations on how much I was supposed to pay them back. I noticed that you broke it down in the letter quite nicely.

KM Hi I am also going through the same thing here in MI I was wondering what bank you bank with? Im hoping my bank is as easy as yours. If you dont want it public pleas send it to me privately

km, USFastCash has "moved". The fax number you have for them may or may not be accurate. Hang on.

You posted that you have 800-240-4048 for the fax number. I think you can try some others since they have had more than one address. Also try:
(800) 470-6614
Can't promise that one will work, but it's different than the one you have. Hell, send it to both.

Little Loan Shoppe - Fax: (509) 534-5466

I haven't been able to find a fax number for Payday Island anywhere and no one answers the phone when you call. All you get is a silly recording. I did call Instant Loans Now and Little Loan Shoppe and they gave me their fax numbers. I was able to locate the fax number for US Fast Cash in an email they sent me. I don't have them with me right now, but I will post them later when I get a chance.

km, that would be great! That'll help others. Now, I searched like crazy for a fax on Payday Island. I even went to their site. I can't find a darn fax number for the life of me. With luck, maybe someone who has dealt with Payday Island can give us a fax number!

So the PDLs have noticed that they didn't get to raid my bank account, but only one, B&L, contacted me about the faxed letter I sent to them. Payday Island was the only one I wasn't able to fax a letter to. I did send certified letter to each PDL except for my cash now, who is in Canada.

I received this from Avantis Financial:

We just received notice from Charter One that your payment in the amount of $200.00 was returned unpaid due to Insufficient Funds. We understand that things like this can happen and we want to work with you so that you can make good on your payment.



We are now utilizing Shared Check Authorization Network (SCAN), a national check database. This may prevent you from writing checks at hundreds of merchants in the United States. We will be reporting the above mentioned returned payment if it not paid in full on or before 4/9/2008.



Please call me at 1-888-357-9106 to make arrangements for payment. We have posted a $40 NSF to your account; however, we will waive any additional late or collection fees if you contact us and make arrangements immediately. In order for the additional fees to be waived, your subsequent payment must be honored at your bank.



You can also pay via MoneyGram??????s Express Payment. Simply visit any MoneyGram location and send your payment to Tremont Financial with our receiver code of 3229. Please read the attached form for more details.



Please do not let this become a more serious matter, let??????s work together to get this taken care of now!





Sincerely,



Misty Greve

Collection Manager

1-888-357-9106

km, you're account is CLOSED, right?

Quote:

I have heard of scan. Shared check authorization network. Its like telcheck

The account is open but is set to credits only. I posted this email from Avantis specifically because of the information about they included in it about SCAN. Avantis is correct that many merchants use SCAN but how many of don't have an ATM/debit card for our checking account these days? I can't remember the last time I wrote a check for a merchant. However, it is somewhat scary that they are using this as a threat. I do owe them on my loan which I am willing to pay but I'm just not willing to allow them to raid my bank account any longer!

I got this from Payday Island after sending an email copy of letter:

When you searched out our company and applied for the loan and read
through the agreement it clearly stated the laws and state you were
applying with. It is interesting that now in a collection status you
are now saying the service that you signed and agreed to is illegal.
In the future it might be wise to read through and understand exactly
what you are agreeing to.

We appreciate the information. Your account will be closed to any
further use.

Payday Island

Although, it doesn't state that my account has been marked Paid In Full. LOL! This is one of the PDLs I had overpaid. I guess I shouldn't expect a refund huh?
LOL

I still need to send letters to my AG/Office of Financial and Insurance Services who regulate PDLs to file a complaint, BBB, and the Federal Trade Commission. Quick question, when you sent these letters, did you just send copies of the same letters you sent to the PDLs with a cover letter stating the reason for your complaint? If that's the case, all I need to do is type up a quick cover letter for the State of Michigan and file formal complaints electronically for the other two, which is time consuming but well worth it!

km, when I filed my complaints, all I did was type up a "summary" page. I just stated they were unlicensed/illegal, etc. Stated my dollar amounts and dates, etc. I didn't send them copies of the loan documents or anything. Just a "summary" of everything. This way I just typed one up, then just edited it to fit each pdl and printed them out. When you file with the BBB and the FTC, you can just file on line. They just want a brief description. So, it's pretty quick. Just have your facts straight and dollar amounts straight. The state AG, depending on what state you are in and how they do it, sometimes you can just file on line. Other times (as in my case), you download a complaint form and fill it out and mail it in. If they want more documentation, they will contact you and you can send it in.

Yeah, SCAN is like telecheck . . . . A bunch of retail places use it.

It's really crappy that pdl's can report to places like this . . . . But at least nowdays most people use debit cards and not checks so they will never have a problem. And if you are writting checks to take advantage of the float time that is a bad habit anyways and something you shouldn't do . . . .

goudah, I'm glad you stepped in here. When I saw that they actually had that on their contract, my mouth fell open! Thankfully none of my pdls had that crap in their contracts. I have to agree 100% that it's crappy that pdls can do this. It really ticks me off. What if it's an illegal pdl? And it's going to affect your check writing ability? Just goes right through me.

The number that cannr listed 1-800-470-6614, is the same fax number that is listed with the Tulsa BBB. That might be a number you can try.

I got this from Avantis(keep in mind, I didn't over pay them THIS time but I have taken out PDLs from them before):

We did not receive your fax but I will respond to this email.



Avantis Financial is confident that it has not violated Michigan ????????s laws. All loan applications, credit checks and loan approvals are conducted within the state of South Dakota , where Avantis Financial is a registered limited liability company and maintains a Money Lending License through the South Dakota Department of Commerce & Regulation. There are clear and conspicuous disclosures made on both the Avantis Financial website, and also within the Note and Disclosure Agreement signed by you, stating that all transactions are conducted in the state of South Dakota , and that South Dakota law applies to all matters therein. You agreed to these provisions numerous times in order to conduct business with us.



Avantis Financial does not operate a store or business in the state of Michigan , nor is any employee of Avantis physically present in the state of Michigan . All transactions are conducted under the laws of the state of South Dakota as so stated in our contracts. Our contracts are drafted in the state of South Dakota, accepted in the state of South Dakota and are executed in the state of South Dakota. Under the general principals of conflicts of law, our contract and business is deemed to be conducted in the state of South Dakota .



As a show of good faith to resolve this issue, I have brought your account to a zero balance and have closed your account with us as paid. We will now consider this matter closed.



Avantis Payment Services



Should I feel bad? Should contact them and tell them I REALLY, REALLY want to give them more of my hard earned money to help me sleep better at night? NAH!!! They aren't trying to given any BACK to me! Just thought I would share! Funny how they claim that they never received my fax, but I sent it to the same fax number all their other correspondence goes to in order to approve PDLs. Interesting.

Well, they marked you paid in full and basically told you to "kiss off"! LOL! Oh, I'm sure you're heart is breaking here! This part cracks me up:
Quote:

Cannr - the state of Michigan thinks so too! Check this out:

http://www.michigan.gov/dleg/0,1607,7-154--169973--,00.html

That's an article published on the DLEG-OFIS site on the State of Michigan website, regarding Michigan's crackdown on unlicensed deferred presentment providers (what pdl's are called in MI) - and it mentions website pdl's.

Oh, suebee! Good post! And, I say :

GO, MICHIGAN!!!!

:D

I LOVE my state. ;-)

If you live in Michigan and are dealing with internet PDL's, you need to check that article out, and if you know for a fact they are unlicensed in Michigan, go after them. File those complaints!