Wisconsin - I did research, but need help (PDL Trouble)

Unfortunatly, the majority of your loans are legal licensed companies. That means the debts are collectible, and you will have to figure out arrangements to pay them off.

500 Fast Cash and Cash Transfer Centers are the only unlicensed loans you have. Those 2 you should request marked paid in full.

Also, you will have to default - It's the only way to stop the cycle.

The storefronts are CFSA members, so ask them about an Extended Payment Plan. You have to do this a few days before your loan due date, so make sure you go in a few days early. This will allow you to pay off the loans in 4 equal installments.

Thanks for the feedback, Goudah--since my storefront loans are due on Friday, I'm assuming that I'll have to pay the rollovers and ask them about the extended payment plans after that? How could they tell me that they don't accept installments if they have Extended Payment Plans? I don't see anything about that in the paperwork that I signed.

It's a CFSA thing - I know at least Check into Cash and Check and Go are CFSA members . . . . This means that they should allow for an extended payment plan. But you have to specifically ask for it.

Ok...thank you very much. I'm just so ashamed and afraid to ASK for something from them, since I'm the one that got myself into this mess. :(

I will go ahead and pay the rollovers this week, then next week go to them to request the payment plans from Check into Cash and Check n Go--the other one I'll just have to try to keep paying down as much as I can.

The online payday loans will be much tougher to deal with, especially since I'm so afraid to do anything about closing my account--I've heard horror stories about doing that and owing $100's in fees both from the PDL's and the bank itself!

Check and see if the other storefront is a member of the CFSA - They may be, I just don't know off the top of my head.

Read the sticky about closing your bank account - If you make sure certain precautions are in place, you will not be out a bunch of money.

I contacted Cashtransfercenters customer relations department because I wanted to make payment arrangements instead of them taking the entire $840 taken out tomorrow--they take out in two transactions and the operator advised that as long as I had enough funds to cover one of the debits, I could pay the other half by Western Union at my next payday.

I think this would be better for me so I had some extra money to pay off my regular bills--has anyone had experience with Western Union? Is this a safe way to send money to a PDL company?

Saxy, How much have you paid Cash Transfer Ceters so far?

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Hi Roxy--the trouble is with those two, I have re-loaned with them, so as of two weeks ago it's on their site as a new loan.

I think I'm just going to have to pay them in full, even though I will actually default on the CTC one by only having half the amount in my bank tomorrow.

I did contact Cashcentral.com and requested an EPP, as they are listed under the CFSA and they worked out 4 payments for me to get that paid off.

I'm going to my storefronts today to try to get the EPP as well.

Well that stinks about those two. Please check your account first thing to be sure they only took out what they were supposed to. Looks like you have your bases covered. Please let us know if you have any issues you need help with. Good luck with the store fronts.

Thanmks Roxy...I can't believe I didn't take this action sooner. I've been so stressed out about this that it's affecting my personal life.

Hopefully I can get through all this without having to close my bank account. But, I am going to open another checking account at another bank and make arrangements to have my paychecks deposited there. That way I hope to feel like I have more control over my money.

This site is wonderful.

SAxy, We are here to help and I am happy you were able to find us. This situation does stress you out and the enormous relief you feel when you get a plan, get it into action and make those payments is so awsome. Hang in there you are doing great. We are here if you need anything.

Ok, I'm scared now--Cashtransfercenters took out their two withdrawals today, but I also had two other debits due to autopay for utilities and such that came AFTER the CTC withdrawals, which already set my account into the red. Does this mean that I'm going to have NSF for my two utility payments too? I submitted them for payment yesterday, but for some reason they came out today. I'm really worried about this. :( I've never bounced a payment before, much less 4 in the same day! :(

I'm not sure if I should call my utility companies to explain or just wait to see what my bank does?

saxy, from what I understand in banking; if the utility is paid by ach draft, it will not be returned. the bank just puts your account in the red and charge you for it; so you would receive 4 nsf's for the utilities and both ctc transactions. I am so sorry you are dealing with this.

I have worked with CTC too and asked them the same thing to only draw out one amount and they don't; they send them both for debit...The only thing I did once before I closed my account out was put a stop payment on the amounts so when they were returned, then it allowed me to set up a payment plan...

With that said though; the only best way for them to stop debiting your account is to close it completely.

Good luck...I know I wasn't much help....but i know until you protect your monies, they will keep debiting. You can do this...keep asking your questions & the help will be here for you.

Thanks purplegirl--I just got a paid in full e-mail from Cashtransfercenters, so I guess I should expect 4 NSF's to come through my bank account. I don't know if I can close my account because of the Extended Payment Plan I made through Cashcentral.com yesterday--they will be taking the 4 payments out from that account.

I did open a brand new account at a different bank yesterday, so perhaps I just need to keep both open until everything clears.

I also got the EPP with Check into Cash, so that's going to be a great help. Check n Go and Check Advance would not let me do it because I was due yesterday--so I had to roll those over. I'll have to wait until 2 more weeks to get the EPP through them. Then my storefronts will all be set up on payment plans. That will be a good thing! :)

I'm reading a lot of the stories on the board here, and that's helping relieve a bit of stress; although I'm seriously worried about getting in over my head with my overdrafts.

Ok, I now have a question about Paydayone. I was assuming that they are licensed in Wisconsin--I did a search on the DFI website,http://www.wdfi.org/apps/CorpSearch/Search.aspx? but their license comes up as "Withdrawal"

06/21/2005 Registered 06/22/2005
02/19/2007 Withdrawal 02/26/2007

Anyone know if this means that their license is no longer good in Wisconsin? If so, then I might be able to just pay them the pricipal on the loan and be done with it.

Wishing you the best of luck saxy, I know this is a difficult situation but this is a great site for help.

Thanks jacks--I'm just so nervous regarding my bank account right now--I'm in the hole over $400, and I have bills coming out of the account next week--I'm just worried that my bank is just going to pay them and keep charging me $35 for each NSF. This is really hard to deal with now that I look at the big picture. :( I just feel like I need to take out another loan just to get in the positive, to tide everyone over. It's a big mess.

Saxy,
That is what my bank did, it is really best if you have a positive balance to close the account because you will never get ahead. I felt that I wanted to do the right thing and pay the payday loans but after doing that several times I realized that my necessity bills were falling behind. Take care of what's important first. I really hope you don't have to take out another loan.

guest post was mine.

Moving this to the top so you can get your question answered....


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Thanks Jacks and Roxy, for your help--I'm going to talk to my bank today after work and see what my options are. Hopefully they will be nice--I just don't want to get arrested or something for my NSF's. :(

Oh no!!! I just looked at my online bank activity, and I now have 5 returned payments on my account, which were from payments processed on Friday with my negative balance--I had enough to cover those but because CashtransferCenters took out BOTH of their withdrawals, I was overdrawn. Looks like all 5 of them will be returned and it shows a fee of $45 each, and now I'm REALLY set back on my account. :( I don't know what to do! At this point, I'm so scared that I'm going to get into big trouble! I can't go to the bank until I'm done with work, and that's not for 3 hours! What do I do now?

You posted "I just got a paid in full e-mail from Cashtransfercenters"

They should not have taken these payments or were these payments included in the pif? Dispute this with your bank. Use the paid in full letter as proof they should not have taken the money. CAll the bank if you need to to ease your mind.

The PIF was for the two transactions they took out of my account(for $840 total)--they sent me the e-mail after the two withdrawals cleared my account--I think my overdraft protection(I'm linked to a savings account--that had $20 in it) kicked in for paying CTC. Unfortunately, those went through before my regular bills, and now I'm in deep water.

I'm not in a position that I could call my bank and speak privately, so I'm just going to have to wait 2 more hours and go there. I'm so worried as to how to explain this to my bank.

I am going to send you a pm which is a private message. Give me a few minutes and then look at the top right side of the page under the yellow/orange Hall of Fame box. There should be a line that has
you have 1 new message. Click on that and then click on the message.

Update: Went to the bank and sat down with my rep, who was able to close my checking account while it was still in the black(thanks for 4 returned transactions). He opened a new one, stating that it wouldn't be linked to the old one, therefore, the PDL's will not be able to take from it. I'm hoping that's true! It's only got $20 in it anyways!

I also have a brand new checking account opened at a totally different bank--just as a backup.

I cancelled my direct deposit so my check next week will be a paper check--finally I'll have control as to where to divy up that money!

I'm still scared about getting threatening phone calls from the PDL's. I've always had a problem with confrontation. :(

Saxy, Do not worry about the phone calls. You can do this, and if all else fails, don't take them.

do not worry,we are here for you.first off,if i'm not mistaken 500fastcash is MTE.they will call and they will threaten some ridiculous things.just stay strong and know we will help you every step of the way.

Oh yeah! Good point Paul. One thing they may do is call and claim to be an investigator and that if you do not pay up immediately someone is going to come to your work, home whatever and arrest you. Or they will hint at that...just remember, YOU CAN NOT BE ARRESTED FOR NOT PAYING YOUR PDL. Do not let them upset you. I told them to come get me..in fact I would make it easy for them and turn myself in right now, just tell me which police station to go to. Needless to say, I got hung up on. :lol:

I'm sure 500fastcash is going to be awfully mad at me, because since they are unlicensed in Wisconsin, I demanded that my loan be considered paid in full, due to the exorbitant interest I paid to them since December 2007! I faxed and e-mailed them letters Friday, yesterday, and today. Am I being too harsh?

Not at all. You have to be to win this war! They will try to scare you no matter what, so you can never be too harsh with them.

i noticed you made it a point about being in wisconsin.that is there first of many stupid assumptions,they will try to pass off that your state laws don't apply and don't matter.they do,in fact they are supposed to go by your state laws.don't let them tell you diffrent.

I'm pretty bummed that Wisconsin is kinda lax in their PDL laws, and at first I thought I was at the mercy of my PDL's--but in doing so much reading here on the boards, I see that there are a few cheeseheads that have had success with their PDL trouble. I'm going to come here every time I get upset and read the success stories!

Ok...it has started! I got this from PayDayOne--do I call them, or send a reply to them asking for payment arrangements?:

Dear :

Your PayDay One loan is now Past Due because your payment of $93.75 was returned for Non Sufficient funds or an invalid bank account number. There are two easy ways to clear this up and remain a "Preferred Customer:"

- Visit http://www.paydayone.com, click on "My Account" to select your payment option
- Or call us at 888-PAYDAY1

We will work with you to bring your account current, but a $0.00 return item fee has been added to your account. Furthermore, late, missed, defaulted payments may be reflected in your Teletrack report.

We sincerely would like to keep this from happening. So please contact us today.

The PayDay One Team
[email]accounts@paydayone.com[/email]
888-PAYDAY1
866-580-1228 FAX
8:00 AM - 9:00 PM CST, Monday - Thursday 8:00 AM - 7:00 PM CST, Friday
8:00 AM - 12:00 PM (noon) CST, Saturday
PayDay One
P.O. Box 101842
Fort Worth, TX 76185

Another One! 500FastCash responded to my ACH revocation e-mail as well as my request for a PIF. This is all they sent me:

"Please call 1-888-919-6669 to reach our customer service line. We are open Monday through Thursday 8 AM to 4:30 PM and Friday 8 A M to 3:30 PM Central Standard time."

I don't know if I should call them, or just keep sending the letters? Will someone eventually address my request personally, or do I have to call to ask to speak to a manager?

Payday One offered an EPP, but they want me to submit the first payment before I even get paid next--I've been playing e-mail tag with someone trying to get them to revise my payment date for the first one.

If I can get this EPP through them, I'll feel much better about my situation.

Wow..and EPP. Keep playing tag..it can't hurt you. I will keep my fingers crossed. Let us know what happens.

Ok, I finalized an EPP with PayDayOne, and my first payment isn't due until June 6. That makes me feel a little better knowing that the cycle of interest will stop with that one.

I faxed and e-mailed another letter to 500fastcash with the request to mark my account paid, and added that they actually owe ME a refund, due to the interest that I had paid--I advised that they could apply that towards the principal of my loan, and send me a refund for the rest. I'm sure I'm not going to get that, but I have to try. :) I would be thrilled just to get a PIF so I don't have to monkey around with them anymore.

The refunds would be nice...but I was always happy to get the PIF and never hear from them again :D And yes, you do have to atleast try...stranger things have happened. :lol:

hmm...I thought I had CashCentral settled through an EPP as of last week. I faxed them the agreement to pay in 4 installments through my checking account(this is a totally different account and this is the only PDL that had this account number). The first payment was to be taken out on May 12. As of now, they still hadn't deducted my payment. Do you think I need to contact them to inquire on it? I have their agreement right here and I'm just wondering why they didn't take out the payment--they were the nicest to work with so far.

I resent letters again today and have not heard back from 500fastcash or CashtransferCenters. I set a date for them to get back to me, which is tomorrow--or I will file a complaint. Sure would hate to have to do that. :)

Oh gee darn, you will have to file on those poor pdl companies, you are just unreasonable. :lol: :lol:

Seriously, File File File....You are doing awsome!

Well, still no word and the deadline I set in the letters was today. Is there anyone else besides the BBB, FTC, and my Attorney General that I need to send complaints? And do you ever hear back from them regarding your complaints?

I'm going to send one more round of e-mails, then file the complaints this afternoon if I don't hear back.

Update: I still have no response to my letters faxed/e-mailed to CashtransferCenters and 500FastCash, so I filed complaints with the BBB and Wisconsin Department of Financial Institutions. I got a case number right away from the BBB on 500fastcash, but since I had to file CTC on the "other country" section(Malta), I didn't get a case number on that one. Has anyone dealt with the BBB for CashtransferCenters?

Since I have overpaid on both of these loans, I requested a PIF and a refund. What are my chances of getting both??

I have filed on CTC and got really no where; but also, I haven't heard from them in 2 months. When I first defaulted I received a couple of calls and a letter from them. But that's it...I am hopeing they are gone for good...

Hi Purplegirl--I'm just wondering if this is the "calm before the storm", as neither one of those loans are due until this Friday--perhaps they are waiting to try to deduct from my account(which is already closed).

I got a response from the Wisconsin Dept. of Financial Institutions regarding my complaint with Cashtransfercenters. Hopefully, they will be able to help me sort all this out.

Get this--I tried to log into CTC website, and it said I don't have permission to access--why would they block my access like that? I was able to get in there Friday....perhaps they DID read my letters, notifying them that I filed a complaint. That's a good thing, right?

I got a confirmation from BBB on Cashtransfercenters, so at least I know that it was filed--not sure if I used the right form, as I filed it for Malta--do they have a location in the US that I should have filed under?

Update:

My checking account was closed and I have opened a new bank account, plus a backup at a totally different bank, so I can make plans to set up direct deposit once I'm FINISHED with this whole mess! Until then, I'm going to control my paper check, which will be the first time in at least 2 years! That feels good.

I have EPP on all three of my store fronts, so my cycle of rolling over will end! :)

CashtransferCenters has not contacted me once regarding the letters I e-mailed and faxed to them. I have filed complaints with BBB and FTC, so I'm just going to wait on that one for now. They did block my access to their site, so I know they received my correspondance!

500FashCash made a settlement offer which I counteroffered, as they still want me to pay on TOP of everything I have already given them in illegal interest. I should owe nothing on this, in fact they owe me a refund! They have also been reported to FTC and BBB. So I'm waiting on their response.

CashCentral gave me an EPP, so I make my first payment next week. I'm happy with that. They were very nice about the whole thing.

PaydayOne gave me an EPP, and I make my first payment on that next week as well. They were actually very nice to work with too.

Now all I need to do is budget my money so I can actually pay on the agreements I made, PLUS handle my "regular" bills--it's going to be rough for the next month or two, but I think I can actually see the light at the end of the tunnel! :)