help payday loan mess

By the way I am in Virginia

What companies are you dealing with? Can you list the names, and the amounts borrowed/paid back in fees?

BIG Borrowed $200 So far paid $40 a week since November 17,2007
Pay Day Max Borrowed $500 Paid $50 on loan a week for 4 weeks plus $38 in fees a week so total $352
Think Cash Borrowed $750 Have pd total of $1105.56 and still owe $464

I received another phone call at work just now!!! :x This lady I could barely understand and I told her I didn't understand what she was saying to me, but I tried to explain to her that I am finished paying and that I have paid over $600 for a $200 loan and I requested that they not call the work number listed ever again.

I just got off the phone with a Rose Smith from BIG. I could not understand what she was trying to tell me and I exspessed that to her and she just kept talking. So I'm not sure if I need to do. I tried to make her understand that on a $200 loan they have taken over $600 out of my checking account and I am finished with them. I am just tired of being harrassed and I also requested four times in the conversation that BIG never call my work number again. I also asked for paperwork showing what they cliamed I owed and what I had paid and she then finally hung up.

do not talk to BIG,they in the uk and can do nothing but call repeatedly.just hang up if they call.they will eventually stop.

Actually, they will continue to debit that bank account! FOREVER! I say don't speak to them either, as it's a waste of your time. However, you need to get that account CLOSED/BLOCKED that these pdls have your information on. BIG will debit you until you are well into the thousands. Believe me. They will not stop. Now, I do know that Think Cash is an installment loan and you will need to contact them and make other payment arrangments to get them paid off. PayDayMax, I'm unsure of. We can check on them for you. I'm going to post something regarding closing your bank account. Please read this and post any questions. We can help you. I will also post your Virginia state pdl law for you. Remember, Think Cash is not a pdl. They do not follow this law. Also remember, BIG is as illegal as you can possibly get.

forgot about the bank, cannr is right you need to get your account straight first.sorry bout that.

You will find the Payday loan laws for Virginia here (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

One thing I didn't see mentioned in the bank information given above. Do NOT let the PDL's know beforehand that you'll be closing your account, otherwise they'll try to debit as much money as they're able before you close it.

paul, I'm cracking up! It's easy to forget about the bank, but when you have had an UGLY experience with the bank, it's always the first thing on your mind! :lol: I hope you're doing well, my friend!

Absolutely, Pachacutec!

Never, never let the pdls know you are even thinking of closing/blocking your bank account. If they catch wind of this, they will try to hit that account for every dollar they can!

Okay- I am following all the advise I have been given. I actually contacted the BBB about BIG and gave them all the information reguarding the amount I borrowed the amount I have paid so far. Will they help? I have also contacted Think Cash to try to pay off the remaining amount in two payments. Does anyone know anything about Pay Day Max.

as far as BIG goes,no they are in the UK.do not talk to them if you can help it.talking to them only encourages them,they can do nothing but call.they will eventually give up,if getting called at work will be an issue talk to your boss,because they will ask to speak to him.i do not know about the other two,somebody should be along to further assist.

Regarding BIG, I'm glad you filed with the BBB. However, I can not stress the importance of filing with the FTC against them (www.ftc.gov). You can file a complaint on line. Please, please do this. And, also you need to file a complaint with your state attorney general regarding them. I can not stress the importance of the FTC though. Please file with them. The BBB will probably not be a big help, as BIG will most likely not respond to them. Hell, they won't respond to the state attorney general. However, the FTC is VERY interested. Let me check on Pay Day Max for you. Hang on.

Payday Max or Credit Protection Depot
Phone: (866) 645-1661
Address: no address
North Brunswick, NJ 08902

Credit Protection Depot
4601 W. Sahara Ave
Las Vegas, NV 89102

As of 10/26/2007, the Bureau has been UNABLE to confirm this company has a valid local business license for the locale in which they operate. IF A CONSUMER DOES BUSINESS WITH AN UNLICENSED FIRM, THEY DO SO AT THEIR OWN RISK.

They are not licensed to lend in Virginia.

PayDayMax is as illusive as the day is long. I had filed with the NJ BBB on them and it came back with insufficient info. I immediately fired off an addendum to my first complaint which was not so "kind" as the first. Haven't heard anything from them yet. After I got my one and only phone call from CPD, I faxed a copy of my C and D letter to Mr. Reed and I haven't heard anything from them again either but it's only been 3 weeks. They were refusing my emails as well, but the last two I sent, which was on Wednesday and Thursday, have not come back to me. God I hate these people.

Thanks for your experience, llw! Lord, these pdls. Killing me! Apparently Pay Day Max is on "the list" of "gee, we're hiding" pdls! :evil:

cannr. . .they are just so strange and unpredictable. One day they refuse my emails, the next day they accept them. I wish they would hit a "gee, your account is paid in full" day. I would be on that so fast they wouldn't know what hit them. Not for anything, seems like the only one who has anything going for them is ameriloan. A complaint to the BBB and that was over and done with in a heartbeat. But then again, I am sure someone on here has had a hell of a time with them, which just confirms my theory that it depends on the day and the mood they are in.

You are exactly right, llw. ameriloan is usually a **** to deal with. However, you must have gotten them on a "good" day (maybe they hit their quota of collections!).

[color=Red]****Adult term removed - Jason[/color]

So far I have paid $436.00 in fees and on the priniple to Pay Day Max, my loan was for $400. If they are not licensed am I required to pay them any more? They have me still owing approx. $300

If they are not licensed in your state and operating illegally, you are only required to pay back the amount that you have borrowed.

I am having a hard time with the bank...they told me I can't close my account until it is at a $0 balance and the way the pdl companies are debiting that will be never. Pay Day Max is debiting $25 for return charge, $36 interest and $50 about everyother day. I am sending a cease and desist letter to them to stop debiting my account and to stop calling work and home. Is that all I need to send them?

Dont send them anything telling them to stop debiting your account. They will go in and take everything. Ask about putting a hard debit block on your account.Do not give the pdls cause to think you are trying to close or block your account.

becky, kash is soooo right. Is the reason the bank is giving you a hard time closing the account because it's in the negative? If that is the case, have them put the hard debit block on that kash posted above. They can put a hard debit block on it to prevent any debits from hitting any longer - which will also prevent the bank from adding their NSF fees to the account. Can you go to the bank, speak to the manager, and have them put a hard debit block on the account? Tell them you are aware that you do have a negative balance and you will get it back to the positive; however, in the meantime you need a hard debit block put on. Is this possible for you to do?

I am going to try to get to the bank tomorrow, I talked to the bank yesterday and they told me to come in and they would freeze my account. So at least that will be taken care of. I have also filed my complaints with the BBB and the FTC about the PDL companies.

becky, great job in filing your complaints! :D Let the bank freeze the account. At least this way, you won't get those stupid NSF fees from these idiot pdls! You will need to open a new account so that you will have a "working" bank account. Our suggestion is to go to a different bank and open one. It's just usually safer to go to a completely different bank. Call us paranoid regarding pdls!