Confused

Hello Sara, I am sorry to hear about this, I know how frustrating and hard it can be to have so many pdl's, but you've come to the right place. There are people here who are more than willing to help you sort this all out, but first we will need a little more information. If you could, please list how much you have actually paid each pdl, I am assuming all that you listed are Internet? I see where you have listed the amounts taken out, but is that the total amount you have paid the three of these companies? Meanwhile I will post the laws for your state as soon as I locate it. Just hang in there, help is on the way, I'm sure. :wink:

California State Information

Legal Status: Legal

Citation:
Cal. Fin. Code ???????? 23000 to 23106

Loan Terms:
Maximum Loan Amount: $300
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: 15% of check
Finance Charge for 14-day $100 loan: $17.65
apr for 14-day $100 loan: 459%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: One
Rollovers Permitted: None (cannot charge fee for extension)
Cooling-off Period: None
Repayment Plan: Voluntary (no fees may be charged in conjunction with payment plan)

Collection Limits:
Collection Fees: $15 NSF fee
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: California Department of Corporations
Address: Financial Services Division, 1515 K Street, Suite 200 Sacramento CA 95814
Phone: (866) 275-2677
Fax:
Regulatory Contact: ,
Regulator Website

Licensee Database

Thank you so much for your help. Yes, I have listed how much I have paid each company seperately at the bottom of this post, and you correct; these were all done through the internet.




Ameriloan:loan was for $200.00. have paid $210.00. they usually deduct about $60 every 10th of month for extention unless I contact them in writing 3 days before to pay off the amout of $260.00 in full.

Paydayloanyes: Loan was for $350.00. I have paid $630.00 so far and they deduct $105.00 for extention when they want.(was suposed to be on moms payday wich is 10 and 25th of mo.)and according to them I must pay the amount of $480.00 in full to be over them.

United cash loans: loan was for $300.00. I have paid them $270.00.

I had contacted Bank of America on two seperate occasions asking how I could stop these transactions from occuring but they said they couldnt. I am guessing that the reason for this was because they really enjoyed charging the overdraft fees, but I was reading some other posts that said they could have. Is that only in states other then Ca?

The first thing you need to do is close your account and be sure that it will not be forced back open. I can tell you that United cash loans is part of the MTE family and very illegal.It looks like you have way overpaid Paydayloans yes. I will post something for you to read before you close your account. It is the only way to get these companies to stop debiting your account

Thank you so much for your help. My mom went into the bank on the 10th and closed her acct after realizing that she only had $100.00 left of her $800.00 paycheck. I can only pray that they dont reopen it, I think they should have already paid themselves.

Anyways,...You say these companies are doing business illegaly? if so, is there something that can be done to stop this from happing to others?. What should I do next?