NC PAYDAY LOANS HELP

Hey termite....Welcome. I have not been on this board too long myself so I would defer to someone who has more experience with this. You have a letter revoking your ACH debits and to cease phone calls so that is good. Closing your account to prohibit them from debiting it is a good idea but you would need to make sure that it is possible. Again, someone on here can help you with that. You have already listed the PDLs and how much they deposited into your account. You also state how much they are debiting but you need to let us know how much you have already paid on those two loans and where you are located. That will make a difference. Hang in there. Someone will be along soon to guide you through what you need to do next.

Hi we have paid 45 on one and 75 on the other we are in NC I donot want them debiting from my account and wind up taking everything we have I donot mind paying what is owed but no more than that and the lady said they would take it everyweek nothing going toward principle and also they didnot send this information through email untill after they ghad done a deposit and one not untill they debited my account that one was Loanshop/loancove

North Carolina has outlawed payday loans entirely. Shame on them for lending there. You don't owe them a dime. If you want to pay the principle, that's up to you. The contract is not valid and can not be enforced.

Become familiar with CFSA .net, the PDL industry association industry group. There is a link to them on my site, click "www" below. It's legitimate. No worries on this one.

Thanks James. I am in New York and they are prohibited here as well. I point that out to my two remaining PDLs whenever I can. I have always been willing to repay what they deposited into my account but nothing more.

So i donot have to pay them anything? My husband was in dire need and thats how they got him how are they able to this and since I sent the letter of revoke and no call will they still try to debit my account

termite, yes, they will. As long as they have your bank account information, they will debit the living hell out of you. You will need to close your current bank account that the pdls have the information on. I will post something regarding closing your bank account. If you have any questions about it, just post. We can help. Also, I would not say "you don't have to pay". Here, we advise people to pay back the principle amount of the loan. No illegal fees, rollovers, interest, etc. Just the amount that they deposited into your account. As, they did deposit the money and you did use the money. So, we do advise to pay back what you borrowed. I'll post the information regarding the closing of account. Please post any questions. :D

Before you close your bank account due to payday loans eating away at your paycheck, please read this.

Some banks have a policy regarding ach transactions that allows them to force open closed accounts if any ach transactions go through within a certain time frame after the account is closed. This can leave you owing a legal bank $1,000's and reported to chexsystems, instead of owing barely legal (or not at all legal) payday loan companies. Not a good thing. Ask your bank what their policy is on ach transactions on closed accounts before you close the account. It's best to go in person and talk to a branch manager.

If your bank does have this policy, tell them your situation. Don't be embarrassed. Take letters with you showing that you have revoked authorization for each of your payday loan companies to debit your account. Tell the bank to put your account on deposit only, an ach block, or a hard hold before they close the account. Your bank can do one of those, don't take no for an answer. This will prevent any payday loan ach's from reopening the bank account.

It'a always best to close your bank account. Leaving it open gives ways for the payday loan companies to continue to take money out. These companies have many different dba's, so blocking them won't work. They will also produce paper checks and run them through your account. Closing the account is the best way to prevent these companies from taking money out of your account.

Some state laws do allow for prosecution if you close your bank account, but that is usually in cases of fraud. But it's always best to check with your state's attorney general or department of financial institution before you close your account. You want to make sure you are not causing more heacaches!


Last edited by goudah2424 on 17 Jul 2007 15:25

Thanks for the information.........I am working on my problem with the payday lenders as we post. Good luck to everyone.

I donot want to close my account but if that is what I have to do then I will I do feel like they are owed what they loaned but no more and why are they allowed to loan in nc if it is illegal that is wrong how do I contact the people I need to

termite, I'm sorry to say that you will have to close your account. I'm just being honest here. They will debit it forever as long as it's open/active. It's almost impossible to just 'block' these guys from debiting and keep the account. They will change names, amounts, dates, etc. They will get your money somehow. And, as for loaning to you, they just don't care. They do this all the time on internet loans. They will claim all kinds of things (they're not governed by your state law, blah, blah, blah). It's not true. Internet lenders are terrible. They get back WAY more than what you borrowed if you let them have access to your account. That's why so, so many people are here, termite. We didn't know. Hell, they're illegal in my state. Did I know that? No. I do now. They prey on people. That's why it's just best to close your account so they can no longer have access to it - period. As far as contacting them, are these the only two pdls that you have? Sandpoint Capital and Loan Shop? Is that the correct names? And, is it "The Loan Shop" or "Little Loan Shop"? I can try to find some contact information for you.

termite, do me a favor. See if you have any loan documents to read the names off of. I tried searching for Sandpoint Capitol on the BBB and got nothing. They may use another name. Also, The Loan Shop and Little Loan Shoppe are different, so I'll need to know which one. Whatever information you have, post it. Phone number, address, name, something. I'll try to get something for you on them.

The one is Sandpoint Capitol,LLC this is there email from the document I got trying to charge 749%annully and the other is Lone cove Ventures At the top and The Loan Shop at the bottom and there email is customerservice(at)ltsmanagement.com they have not sent me anything else and I have sent them nothing except a letter stating they could not debit from my account did not send there contract back to them

sorry there email SandPoint Capital LLC is [email]customerservice@clearwaterbaymarketing.com[/email]

Consent Order of Revocation
Sandpoint Capital, L.L.C.
(CRD# 123528)
1320 Tower Rd.
Schaumburg, IL 60173

I'm doing a Google search and found that so far on Sandpoint Capital, LLC (if it's the correct one).

A search on this site came up with this for Sandpoint:

Sandpoint Capitol Fax 817-335-1100
Sandpoint Capitol Phone 800-708-4342

This was also posted regarding them:

Their web page gives NO contact information. Hmmm.... hiding maybe????

OK whAT DO I NEED TO DO

Ah, here's information on The Loan Shop. They use different names, as you will see. Shady, shady, shady.

2207 Concord Pike #505 Wilmington, DE 19803
Principal: John Kimball, Operations Director
Phone Number: 800-859-6439
Fax Number: 866-323-6555
Email Address: jkimball(at)ltsmanagement.com
Web Site Address: (www.loanshoponline.com)
(www.dmsmktg.com)
(www.loanpointusa.com)

Ok i received email from Sandpoint Capital LLC they are locatted in thee Sandpoint Capital

P.O. Box 636

Edith Solomon Building

Charleston, Nevis, West Indies


They have agreed to my terms which is only to pay by money order and also no contact no debit so if they stick to what they emailed that will get took care of The Loan Shop/ Loancove Loan Cove ventures has emailed back for Mr Ray To Call Them I sent Them a nother of the no phone contact no debit and nc laws that there would only be contact through email or US mail so I guess The only other thing I can Do Is wait :roll:

Oknsandpoint sent letter with address and AGRWEEMENT OF MONEYORDER PAYMENT tHE LOANSHOP SENT EMAIL WANTING ME TO CALL i SENT THEM THE SAME NO CONTACT NO DEBIT EXCEPT THROUGH EMAIL OR US POSTAL HAVEN'T HEARD Back from them yet

termite, no wonder I couldn't turn anything up on Sandpoint. Charleston, Nevis, West Indies? How friggin illegal can you possibly get? Good Lord! Hang tough with The Loan Shop. Do NOT call them. Nope. They can handle everything via email. They'll eventually catch on and start responding through email. Just wait it out.

Yes I will they will not get by with anything and can you imagine west indies for sandpoint but I will stick to my request and they will get only what they are owed nothing more and no phone contact

Great! You're doing just fine, termite! :wink:

Hi james, I'm in north carolina and recieved a call form a PDL company (well a third party collection agency) who said that they would have me prosecuted for writing a bad check if I didn't pay them, what do you suggest

Termite, I'm in NC too. I feel your pain. I did not know pdl were prohibited in NC...
Edollardirect sent me an email stating NC laws do not apply to them since they are in Nevis, West Indies, Bahama. Gee, are they all in Nevis?

Contact the NC attorney general office and the BBB. This will help enforce the laws in NC. I live in NC too.

WSSU...did you file your complaint with the AG & BBB online or did you send each a letter? thanks...

The NC attorney general office mailed my an application for me to fill out. Some states have their complaint forms on line while others do not. The BBB form is on line for NC and other states as well.

if i live in the state of north carolina and default on a payday loan can they prosecute me in their state and have me transported there?

but can they prosecute me

to the last two posters.you cannot and will not be arrested or prosecuted for defaulting on a pdl no matter what state your in.pdl's are illegal in NC that would make it even more unlikely.debts are civil matters not criminal ones.any PDL or CA that threatens that is breaking the law themselves.

Confimation #81192978226 Would like to know what to do next

Maria Pillado, not sure what your requesting.

It looks like she sent a moneygram or western union payment to somebody and thought she was e-mailing them. Probably put the name of the company in a search engine and linked her by mistake.

i changed my bank account now they are calling saying they have my new information and will ach my account can they do that legally in nc

I live in NC. I took out a payday loan w/ e-paydayloan.com due to extreme financial difficulty I had to default. I got a very threatening call yesterday from the "Law Offices of J Evans" the caller identified themselves as a paralegal assist. and stated that their representative is going to be in my county today filing a suit against me for the amount of $680 for a $300 payday loan. I had to close my bank account due to them attempting to draft 12 times in one day after I notified them that I was unable to pay on time which resulted in enormous amounts of bank fees. Can they file a civil suit...is this a real threat or is this just them blowing air because she is definitely trying to force me to give her my banking information to draft $113 monthly from my account for 6 months to pay this off.

contact your AG.they will tell you what i'm about to tell you.whoever is calling can't do a thing as pdl's are prohibited in NC.they broke so many FDCPA provisions it's not funny.do yourself a favor and do not talk to this person again.file AG complaints asap.do not talk to this person again.they can't do a thing and broke the law left and right with there threats.

i took out a payday loan over the internet i have been paying them back , but my husband got laid off, what will they do one is pay day max

has anyone heard of impact solutuion, it is a tribe payday lender on line

I, too, live in NC and had to take out 6 PDLs, with no idea that they were illegal in NC. Here are the companies:

Loan Shop
SDS Loan processing
Hushawk
Payment direct
ABC loans
EZ payday cash
VC lending

if anyone has anything to help me I would be really greatful!

hello jpf.if you furnish some more info like

how much was borrowed from each
how much in fees debited by each total

we can help you further here.

I had 7 PDL in NC and had to close my account for economic reasons. Each one has threatened me with jail, suit, and one coming to my house and work. I told each one htey were illegal in NC and all I got was "we are an internet company that is not true" and oh how true it is. I now tell them when they call that when they threatened me that debt was paid in full as far as I was concerned. Ameriloan is the only one that continues to call andhave said for a year they are going to send it out for collection. I tell them to send it on and wil see them in court. These places should know they cannot do business in NC and should tell you they cannot and should not offer the product to you but we are dealing with crooks so.

here are the totals owed as of today:

Loan Shop--390
SDS Loan processing--287
Hushawk--510
Payment direct--378
ABC loans--510
EZ payday cash--520
VC lending--390

couple more questions:

how do I go about sending them letters, what do I say in the letters and also what do I say if I get phone calls?

I already got a new checking account, so what do I do about closing the old one (it is in the negative right now -300)

How much have you already paid

Quote:

I have like 8 payday loans places in NC. I have closed my account since so that they will stop taking money bc my whole check would be gone with all the fees. I now have all these places calling me saying they are going to take me to court, jail, take all my money, report me to the IRS, and all kinds of things. THey now call my job and ask people that answer the phone information about me. I am sick of this. Now they call me cell phone like 5 times an hour, its crazy!! What do I need to do?? Please help, I have had all I can take!

Quote:

Quote:

Anyone dealt with CashJar? Their interest rate is extreemly high.

Stuck

Anyone dealt with CashJar?