Pay day loan debt

We can help you here. Please list for us your lenders, how much borrowed from each, how much repaid to each, internet or store front, and the state you live in.Once we get this info , we can begin to help you.

OK Here is where I stand.
GRC Funding(300) $90 fees pd already $360 in fees internet just pd my first $50 toward spin down, antother $50 plus fees due this friday.
Loanshop (300)$45 fees pd already $540 in fees-internet
Big (200)$40 fees pd already $840 in fees-internet
Paycheck (200)TOday $60 fees-internet
GFSIL (200)$60 fees-internet
Geneva Roth (300)$90 fees pd $1260 in fees
Advance American (550)$62 in fees-in store hard telling I go from 1 store to the next when time for cool off period.
I live in Indiana

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

GRC have you already paid 410.00 against a 300.00 loAN? Please clarify.
Big will not be licensed anywhere . It is highly illegal. You are only obligated to pay the principle borrowed. Looks like you have way overpaid them. We need to check if any of your other loans are licensed to lend in your state. For your store front if they are members of the cfsa you can get an extended payment plan. It allows you to pay off in 4 installments with no added intrest. You need to go into the store prior to defaulting and ask for this. We need to see if your other loans are licensed in your state.

Loan shop, Geneva roth , and Paycheck today, I could not find them as being licensed in your state. As of July 2007 internet loans in Indiana must be licensed in that state. You have way over paid Geneva and Loanshop.

so what happens at this point if I have overpaid them. How can I stop this without closing out my checking account.

guest,i wish i could say you can stop it without closing or putting a hard block on your account.that is not the case,you will have to put a hard block on or close your account.pdl's will debit indefinitley,if you allow it.even if you revoke authorization,they will still attempt to debit.

GRC Funding i have pd 4x at $90 plus $50 towards principal. What can I do at this point.

As Paul said , At this point you need to close your account asap. Nothing can be done until your account is safe. I know its a pain. Most of us went thru this, but it is the only way.

I am considering Town and Country to make payment arrangements with all of the loans, has anyone used them and will this stop the debits from my accounts. I don't want to have to close, my husband is not aware of this and it is a joint checking account.

i feel for you,but a lot of pdl's will just keep debiting.you have to bite the bullet and tell your husband.it is a major pain,but closing your account is the only way to get them to work with t&c.

What payment arrangements? Some of your loans are already overpaid and due refunds. If these loans are not licensed why do you want to pay more and more.
That said, if you put Town and country in the search box above you can see people's experiences with them.
You will be paying these loans forever if you do not close the account.

ok, how do I get the refunds... I just want them out of the way and done. What steps do I take, other than closing the account.

Without closing your account or putting a hard debit block on it , there is nothing you can do. You have overpaid BIG 640.00, and they will continue to take your money forever, as will the others.

if you insist on not closing your account you need to put a hard block.other than that the pdl's will debit you out of existence.trust me on this,you can't keep your account as is and expect the pdl's not to debit.stop payments won't work.

Ok, I get the part about closing the account or a debit hard block. My questions is Can I notify these companies of the Indiana Law and am I allowed a refund. I guess, I will go to what ever means possible.

Yiu can not notify any of these companies until your account is safe. they will go in and take everything. Also stopping payments will not work. They will go in under other names or other amounts. There is no stopping them.

You will need to go in person to your store front to make arrangements with them. If they are members of the cfsa they will grant you the eppif you go in before the loan defaults. This will allow you to pay in 4 installments with no added interest.

Just wanted to say a quick thank you. EZPAYDAY emailed me a paid in full on Wednesday. I faxed copies of my letters on monday to 6 of 7 of my loans and they replied on Wednesday. Loanshop who usually sends me a extension form on Tuesday's by email never sent me one this week, so I am hoping that is a good thing. I filed complaints with the Better Business on all of them,hope this contiunes to go good. One last question anyone ever deal with Checkngo online that puts your loan through first bank of delaware and is this one legal in Indiana forgot about that one last week.. Thanks for your help guys. My life may actually turn around.

mc, great news and congratulations to you! :D

Hey quick question. I am only having trouble with GFS, they state they are sending me over to their legal dept because I refuse to resolve my loan. I owe they $200 and agree to pay them just not thru my bank, asked for a mailing address but they refuse to give it to me. Asked them to send over a debt valadation letter and then I will pay. But they refuse that also.. Told them to sue me but they refuse that to. Know they want to send a wage assignment to my employer, They can't do that can they. I'm thinking that has to go thru the court system correct.

all gfs or gfsil,whatever they are calling themselves.all they can do is call and threaten and harras.have co-workres tell them you no longer work there.try not to answer the phone at home if you know it's them.if you talk to them at all they will keep calling.they have no legal grounds whatsoever.

They can send a wage assignment. A garnishment goes thru the court.
Wage assignments are strictly voluntary and can be revoked. You need to send the pdl a letter revoking any and all wage assignments that you may have signed for them or any of their affiliates. send a copy to you pay roll person as well.

A man has called a dozen times, and refuses to let me speak without talking over me. I laugh and say what I need to say and tell him to have a good day and hang up, a lady called me today actually let me talk, told her i am willing to pay what I owe by the State of Indiana, and when she sends me a debt valadation letter and address to send money to I will be more than happy to pay them, she hung up on me.

I did not sign anything with them, this was all done over the phone, I have sent them there letters. Does anyone have a Fax number for them

Are wage assignments legal in Indiana.

mc, just to cover your butt, send them a letter revoking any wage assignment you may have signed. Just send it to them. Keep a copy and give a copy to your HR/Payroll department for you file just in case they try to send one through. As stated above, wage assignments are totally voluntary. However, this company is completely illegal anyway, so the wage assignment is a piece of crap regardless. The problem lies with employers who do not know they are totally voluntary and can be revoked at any time and they do not have to be honored. Please send them the letter revoking any wage assignments you may have signed and give a copy to your employer. You may need to "educate" your employer that this is an illegal company and that it is not to be honored.

Just received an email from William Mashburn they offered me a settlement for a refund of $300 and my accounts are to be closed immediately. They emailed me a release form to be signed and sent back, so I signed it and also emailed them asking for a PIF letter sent to me. Hopefully they come thru with my refund also. Just again want to thank you guys for all your information it has been very helpful. If I get my paid in full letter this will be number 2 out of 6. So i'm getting there.

Sorry they email was from the Loan Shop

mc...did you close your checking account while you filed with the BBB? I have overpaid on 3 PDLs and have to close my checking account and ask for refunds? What process did you use?

I followed the advice of everyone here, but I did not close my checking account. I put a hard ACH block on it. It really makes it hard, becuase that means no checks electriconical either, which where I live all utiltities, & most stores process that way. But I went thru my bank account and wrote done all loans with who and amounts borrowed to what was taken out of my account. I then faxed each company a letter that i got from here, put my state information in it and filed complaints with AG's office, Indiana Dept of Financial Inst. and the better business where each is located. The first one that sent me pif letter I still owed them $20. The loan shop just sent me email me telling me the have approved a refund and my account will be closed. I asked for pif letter but I have saved every thing they have sent me. They said I should have my refund Tuesday we will see.

ok...i appreciate it. How long do you have to keep the hard block on your account? can you still write paper checks? and does direct deposit still work? sorry about all the questions, I just dont want to give them anymore money if I dont have to. thaks

No problem glad I can help, since everyone has helped me. Yes, I can still write paper checks as long as they do not go thru electronically, like Wal-Mart, where you sign that paper and they give you-your check back. This check with an ACH block on your account will be sent back by bank... I just put the hard block on about 1 month ago. Yes direct deposit sill works, go and check with your bank on the ACH though, I explained to them my problem and wanted to make sure I was not going to have any issues with this. I also asked about the pdl sending thru paper checks I check my account everyday, so if I find one I must call asap and they will send it back. I may have to take copy of letter to them showing where I have revoked this from that company,but it will be worth it. The only company I am truly having any trouble with is GFS or GFSIL. The others I am waiting on my first call from. I just received an email from Geneva Roth Corp or GRC Funding so I resent my letter to them I over paid them by over $700. I just received my pif letter from the loan shop in the last 10 mins.

ok..sounds like a plan to me. I have three out that I have overpaid...I just dont want to give them any more than I have to

Hey got my refund from Loan Shop.... Now need a little help. I have an installment loan with Check N Go First Bank of Delaware. I know it is legal I believe and I have yet to make first payment. They got hit in my ach hard debit. Need to set up payment arrangements with them but they say either money gram or debit/credit card. won't take my moneyorders. Anyone have any advice on this. I have read some of the other post, but need some more help on this. Thanks for all you have done so far.... you guys have been a big help.

You can get a prepaid debit card for the amount of your payment. That way nine of your info gets out.

I got a call from paycheck today yesterday telling me they were going to turn me in for check fraud. Told the lady when she can validate the debt. I will pay. I owe them the full balance of $200 plus interest per state of indiana, she got mad and hung up. Today I get an email from them stating that my payment was returned and that they had tried calling me and emailing me with no success.. I emailed them back telling them that was not true I had just spoke with them yesterday and I re-emailed them my letter to them and told them I would be making money order payments if they wanted their money that is how they were going to get it. emailed me back that they only accept cc, debit card, money gram or checking account, told them they would only get money order from me and again resent my letter. They then emailed me again saying they were going to turn me over to a 3rd party collection, i emailed her back stating go ahead and to remember if they report an illegal loan on my credit i would have to contact my attorney to file suit. and that I have already contacted teh bbb, ag, indiana dept of financial inst. and my next step was the ftc. she then emailed me back with do what you want just remember when we loaned you the money we did not write you a check. I responed with that i understood that but you are not licensed in IN Or OK just remember that and her next response was to stop emailing her unless i was making payment arrangements. Sorry had to laugh at that one. I really want to thank you guys, I am alot happier that my paychecks are actually mine. I'm not as worried as before. You guys are turly the greatest.

mcc, great attitude! You're doing the right thing. If they want their $200, they can take payment another way. Hell if you give them your bank account/credit card info! I personally hold out for a physical address to mail payment to. However, this illegal idiot pdl will most likely never give you a "real" address to mail payment to. That's why they want the payments made the way they stated (credit card/checking/etc). They're not going to give you a "real" mailing address. Hold off until they can cough one up. Illegal, illegal, illegal. You keep sticking to your guns! :wink:

I really laugh about this. I feel bad, because I did borrow the money, but then I read all the post from everyone and keep thinking how many people they are stealing from and I know from experience how broke I was until I found you guys. I actually have taken control of my money again, besides getting caught up on other house hold bills. The girls I work with are helpful too, when GFSIL calls they just pass them around to each other until they hang up. When they call my extension, I tell them to sue me if they can't give me an address to send payment to, but remind them they can't sue me when they can't even validate the debt. My life is actually a little easier now.

It is a great feeling to be able to pay your bills and have control over your money.

right on kash,it is a great feeling knowing that your money is your money.also with the help of you and others we are finding out about these places,and not fretting as much.

Anyone ever deal with Checkngo / first bank of delaware. since they are going under a bank, can they make me use my checking account. so i call and speak the bank or with checkngo. I am about to default on this one, because i had to put hard block on my account. just wondering if anyone has dealt with them.

mc, it is my understanding you can revoke debit authorization - period. So, they can take alternative payment method from you. I know there are many members here who have the same First Bank of Delaware installment loan who have closed their bank accounts. You'll just have to contact them and make another form of payment. If at all possible, see if you can do money orders. This is soooo much cheaper. Or you can use a pre-paid debit card if they push you. Money Gram and Western Union cost way to much. Call and tell them you're not paying with debits any longer. Ask for an address to send money orders to. If they give you grief or say they need a "credit card", get a pre-paid card and only put the exact amount on that card and give them that as your credit card information.

Thanks for the info. I have finally heard from Geneva Roth. They are willing to mark my account pif, but don't want to refund me the $700 i have over paid. I said I expect a refund, I just told Joel that since they are licensed in Utah they have to follow Utah guidelines and this should of been paid off in 12 weeks from date I took out. And they are not supposed to lend to people in Indiana. He said since I looked them up, they can lend to me, I said no sorry. I have had other payday loan companies say they can't becuase they are not lic in indiana so they can't help me. Told him i had already complained to BBB of Utah, Indiana Dept of FI and State Attorney General Office my next step was FTC. He said he has spoken with his companies attornies about this and they don't feel they owe me a refund, and they know the laws. Told him they need to review Utah's becuase he acted like he didn't know about the 12 weeks. wanted to know where I got info, told him State of Utah. changed his tune real quick.

mcc, great job!!! :D Be tough! I applaude your actions here!

I just spoke with Rebecca West from Geneva Roth and am supposed to have my refund of $240.00 on Monday. Not the $741 i feel they owe me, but She is marking my overpaid account in full and a least I am getting some money back. Only 3 left to deal with GFS, BIG and paycheck today. (but paycheck today hasn't called or emailed me since I made the person emailing me mad.)

Can anyone tell me is GFS and BIG the same company

Yup. They sure are. Don't you LOVE them???? :evil:

Thanks... I overpaid BIG and have not pd GFS the first time. I guess BIG can send my refund over to GFS and consider paid in full..... I can't thank this web site enough for the help I have gotten. My life is my own again along with my money. You guys are great.

mc, that's what we're here for! To help! If you need anything, just let us know! :wink: