PDL-Michigan HELP!!

Check the legal status of these lenders in your state. They need to be licensed to operate in the state. PDLs are legal in your state but there is a ceiling on how much can be charged from the debtor.

Regarding MW Marketing, if they are withdrawing money illegally, change your banking information and stop further payments.

Here are the Payday loan laws for Michigan (just select your state), It looks like you are done with your loans and that infact you have way overpaid them. Your first step here is to either close your account and open another one , or get a hard debit block put on the account. I know that you are leery because you work for the bank , but it is the only way. We have lots of members here who work for banks, and they had no problems. Simply , if they ask, tell them you suspect some fraud on your account and just need to close it and reopen a new one.After your account is "safe' we can send you a letter to send to the pdls.

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

Hevnly, I posted to your other thread as well, MW Marketing is part of E dollars direct and Freedom Financial Group...

Also Members, we need to work on options for Hevnly's bank account...here is what she posted on her previous thread regarding that..

Ok I found the loan from edollars direct they loaned me 200 in august 07 then in december they changed their name when they debited. Thank you. Also Im going to call my employee checking dept and see if closing my account do to these is possible...they are due to come out again tomorrow so I will try to close the account monday. Any advise? Also does anyone know if there is a time frame after you close the account that they will allow ach's to come out of the old account or does it depend on the bank?

If your account is closed they should not "force it open" for the ach debits. That is the purpose of closing the account. Not to allow these ach debits through. Check and be sure your account will not be opened due to the debits.

Ok so once I close my account then my next step is to send letters to these companies correct?

Yes, correct. You do need to have your account closed first...if you send letters before they can not get to your money, many times they will debit for waht you owe. Were you able to work it to where your account will not be forced open?

Is this the "main" thread we are working on here? There are many posts by hevnly chick. Is this the one we are going to stick to?

Yes sorry Cannr for posting more than one. I started as a guest then signed up cause I knew id be around for a while you guys are so helpful. This is the thread Im sticking to.

I just went to my bank and opened a new account, they couldnt close my old one today because I had transactions pending :( So Im gonna get hit by these companies again tomorrow. But its not that bad because before yesterday I thought there was nothing I could do so I already planned on it. So saturday/monday my old account will be closed.

Good...I am happy you were able to close the account...It will not be forced open will it? Ok now for letter writing. I will post a letter for you.

No it cannot be forced open. Thank God! So as soon as everything clears hoping saturday I can close the account. Whooo Hoooo!!

Yeah...that is great! Here is a letter to use with the pdls which you can use as a guide. You will need to change the information and laws to meet your needs

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

If you have questions or need help, we will be here.

Thank you for the letter. How do I get their address?

Update MW_Marketing...$200 Loan taken 8/27/07 so far paid $900.


Also I need to know if these comapnies are legal in my state. Im starting to put together the letters now :D

Actually cannr, this is another individual in Michigan who also needs help with PDLs....not the main thread. My thread has been HIJACKED!!!! LOL! Sorry, I couldn't resist. It's been a LOOOOONG week.

Would anyone happen to have the fax numbers for Instant Loans Now, Little Loan Shoppe, Quick911 Cash (I doubt you have this one), World Wide Cash Now, and Payday Island. I'd like to fax and mail the letters to the PDL companies. Can you verify the fax number for US Fast Cash for me. I have 800-240-4048. Thank you so much for all your help. You have been great!

KM- Your thread is titled PDL Help Michigan...

http://www.debtconsolidationcare.com/paydayloan/licensed-pdl.html

Sorry for the confusion :oops:

Well so far everything looks good with my account and as of tomorrow morning it will be closed!! I feel a ton of relief already just knowing that next payday my whole check will be mine. However I would feel alot better if I knew if these companies are legal in Michigan. Can anyone shed some light on this for me? Also I have a few other loans that are almost paid off so after my account is closed im going to call them and tell them that I no longer have an account and ask them for their mailing address so I can send a money order. Is that smart?

bump for help

hevnly, did they hit your account again? I'm asking because you posted this the other day:

Interim is not licensed in Michigan.
GFS is absolutely not licensed anywhere.

What is GRC?? Does that stand for something? Do they have a "full name" or do you have more information on them?

MW Marketing/E dollars direct/Freedom Financial Group not showing as licensed in Michigan.

GRC is Geneva Roth Cap they are either loan point usa or edollarsdirect.

Yes I got hit again today...but I feel much better that they are not legal in my state.

GRC is Loan Point USA are they licensed? Also I took another ipdl out about 2 weeks ago from a company called ameriloan I took it for 150 and I have so far paid 45. So after my account is closed Im going to try and contact them about making final payment through the mail with a money order.

Geneva Roth is licensed; however, I didn't see it licensed in Michigan. Someone correct me if I am wrong. ameriloan is going to be hard to deal with. Well, I say that. Some people have had luck with them and others have had hell with them. They are not licensed.

So, you did get hit by all these pdls again? What is the status of your bank account? Are you closing it now?

going to the bank to close it now, everything finally cleared and yes I got hit again yesterday by all of them

Accountclosed and also had a password and red flag put on new account so if they try calling my bank they need to give my password. So I think Im set there.

Great job! :D I just hate that they got to hit your account one more time. :x

Yea your telling me lol Im out like $400 again!!! oh well its over now. So should I wait and see what these companies do before I send these letters? Cause if they are illegal anyways why should I even bother? They dont have my phone number or my address or my email address...all of those have been changed since I took out the loans. advise?

Advise?

So I just got this from MTE I was able to pay them off fully before closing my account. I just received this email from them LOL

Hi AMANDA! This is Greg, a representative of MTE Financial Services. I
tried to call, but there was no answer at any of the telephone numbers
in your file, so I thought I may have better luck sending an email.
I was just looking through my records, and saw that your loan through
the website TenDollarPaydayLoan.com has been paid in full. As our
"Thank You" to you for your excellent history with us, I wanted to offer
you a much better deal than you had with your last loan.
For your next loan with us, I'm going to lower your finance fee to
$25.00 per $100.00 borrowed FOR THE DURATION OF YOUR LOAN, regardless of
how many times you renew it. If you're interested, all you need to do is
click on the link below (or cut and paste it into your browswer) and
log in to your account with your PIN, and update your
application.
TenDollarPaydayLoan.com/logon.asp
I'll keep an eye out for your application, and make sure it's processed
as soon as it comes over!
If you have any questions at all, don't hesitate to email me back. I'm
here from 9:00 am to 6:00 pm EST, Monday-Friday.
Have a great day!
Greg
TenDollarPaydayLoan.com

Anyone have an email address for GFS? I cannot find any info on them and they are the only company I havent sent a letter to. I sent all the others via email.

UPDATES

Interim-I have currently paid 980.00 on my 250.00 loan--Sent Letter via email today-requesting account be marked PIF and a refund to me of 730

Little Loan Shoppe-I have currently paid 300.00 on my 200.00 loan--Sent letter via email today-requesting to be marked PIF and a refund of $100

Loan Point USA-I have currently paid 900.00 on my 200.00 loan--Sent letter via email today-requesting account be marked PIF and requested a refund of 700

Ameriloan-I have currently paid 45.00 on my 150.00 loan--Sent letter via email today-requesting an address to send money order for 150 to be PIF.

Paychecktoday--I owe them $130 sent an email just telling them I didnt have a bank account and needed to pay them off another way. Darin at paychecktoday was extremely nice and understanding told me to buy a prepaid credit card and put only the $130 on it and call him with the account number after he takes the payment from that card I can close it and destroy.

GFS--I have a letter waiting for them but I have none of their contact info.

Ok guys I really need some help....As listed above I have sent out the letters...as of now I havent heard anything from any of them and Im assuming I wont until they try to get their money next friday LOL. No my question is do I start anything with my AG or BBB now or do I wait for the PDLs to do something first??