Too many loans in SC

Hello Donna and welcome to the community! We need a little more information before we can give you any advice. Please list the following information:
-Your state
-Names of pdl companies
-Internet or Store front
-How much you borrowed
-How much you have paid so far.

I will post your state pdl laws shortly, meanwhile, please work on obtaining the information requested and someone will be able to help you. :)

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

Hi, Sorry it took so long for me to respond - I have a chronic illness that can knock me out of commission for months at a time. Thank you for the info so far.

Here are my Loan status's:
1.Centruion Fund (also known as Geneva Roth Ventures and Loan Point USA) Original Loan $400. They have been taking $120. every two weeks since 4/4/08, 10 payments so far, totaling $1200. I was up to calling today to ask for a statement which they could not provide but did tell me I was due for another $120. tomorrow, that the bi-weekly payments were interest only, and I still owe the principal. I told them their loan was illegal and they overcharged but they said they were in Utah and they did nothing illegal there. I immediately went to my bank & withdrew authorization for tomorrow's and future payments.

2. Debit 500Fast Cash - Original loan taken on 3/11/08 for $300. So far paid $500. with $125. set to come out on 8/25.

3.United Cash Loans $300. borrowed on 3/11/08.I am paid off as per 7/25/08 with a total of $825.00 being paid.

4.NLS CASHADV 10 (also goes by National Loan Service and signmyloan.net) - borrowed $325.00 on 3/11/08. Paid $655.00. Six payments. Suppossedly you are done after 6 payments.

5.USFastCash - borrowed $300.00 on 3/17/08. This is paid off with $960.00 as of 7/30/08.

6. Check N Go - $300. on 5/23/08. A one time payment of $345.00 on 6/27/08.

Whew. I need to take care of all this while I am still feeling pretty well. It was unfortunatly for us overwhelming a few months ago. What are my steps? Any chance of getting my overcharges back? I will stop withdraws from my checking account on the second Loan - Debit 500Fast Cash - that I haven't dealt with yet. Can someone who has more legal knowledge than I look at those SC Laws and interpret what was done illegally? From my layman's view - it looks like a lot:)
I appreciate this forum so much & hope to "give back" someday. Thanks & Blessings,
Donna

Forgot to mention that these are all internet loans. Thank you.

If any of these lenders aren't licensed in your state, then they aren't legally lending in the state of SC. Your state law prevails, and they should know that, therefore, if they attempt to tell you to follow their state laws they are full of crap, don't listen to them. All you are obligated to pay these lenders back is the principal amount and not a dime more. I am going to post a illegal pdl procedure with the hopes it will give you some idea on how to proceed, then we can address the legality of the lenders.

Some of these I'm not sure whether they are licensed or not, but you can call Consumer Finance Division at Phone: (803) 734-2020, Fax: (803) 734-2025 and ask them.

Geneva Roth Ventures Unlicensed in SC
Fax #(913)825-1200 Ext. 225 - Main
(913)825-1208- Fax
Geneva Roth Ventures Inc
1923 Foxridge Dr
Kansas City, KS 66106
Local (913) 825-1200

Loan Point USA
1-800-351-8820 Ext: 304
1-800-351-8830 Fax
'kroddy@loanpointusa.com'

500 FAST CASH number 1-800-804-0965.
Here are others that I've found: Not licensed in SC
1-800-430-2740
1-888-919-6669
1-800-430-2695
'compliancedepartment@500 fast cash.com'

United Cash Loans Not licensed in SC
3531 P Street NW
Miami, OK 74355
Telephone:800-230-9480
gphillips at unitedcashloans.com

"NLS CASHADV also goes by National????????s Cash Advance and Payday Loan Center" or "Cashadvance.net".
Their phone number is 1-877-995-1400

USFastCash
3531 P Street NW , PO Box 111
Miami, OK 74355
Attention: Collection Department

USFastCash
Phone: 1-800-640-1295
Fax: 1-888-549-3324
Email: [email]customerservice@usfastcash.com[/email]
US Fast Cash Compliance Department
Fax: 1-800-470-6614
Email: compliancedepartment(at)usfastcash.com

This is incredible info. I think that Chek N Go were the only ones that actually complied with SC State law. I cannot close my account because I have been so awful with overdrafts that I doubt if I will get another checking account anytime soon and my FICA score is low. So I will go to the bank tomorrow and see the manager. The teller was trying to tell me that she could only block auto withdrawls for a certain amount - if they come in & try to get a diiferent amount - if its even $1. off - it will go through. I did place a stop on the Centruion - it was for the $120. they have been taking bi-weekly but they could come back at me with a different amount. Also you said that if they are illegal in SC, I'd only be responsible for the amount of the principal...but I see that the Maximum Loan Amount: $300. I know I am dreaming to think the'll give me back $800, but in all actuality it should be $900, right?
The other one it looks like I need to deal with ASAP is 500Fast Cash as they as not legal in SC and I borrowed $300. and have paid $500. and another $125. is set to come out on the 25th.
I am asking that you look at my letter - just the first one - I have a fax # for them & will follow up by mail - if it is ok I'll use the same format for the others. Thanks again SO MUCH!!

August 21, 2008

Centruion Fund (also known as Geneva Roth Ventures and Loan Point USA)

Personal info removed by Shazzers for your protection.
Bluffton, SC
Loan ID: XXXXXX


After doing research regarding Internet payday loan laws in the State of South Carolina, I have found that your Internet payday loans are actually illegal. I have also found the following laws to be true applying to payday loans in the State of South Carolina in general:

South Carolina State Information

Legal Status: Legal

Citation:
S.C. Code Ann. 34-39-110 et seq.

Loan Terms:
Maximum Loan Amount: $300
Loan Term: Max: 31 days
Maximum Finance Rate and Fees: 15%
Finance Charge for 14-day $100 loan: $15
apr for 14-day $100 loan: 390%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: None
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: Lesser of: NSF fee of $10 or actual charge
Criminal Action: Prohibited

I hereby revoke any and all ACH authorizations with your company from debiting any of my personal accounts, per Federal law, Regulation E Section 205.10 Preauthorized transfers. I have blocked your ACH withdrawls from my account with my bank to protect my interest in this matter, per instructions from The South Carolina Department of Finance. I also revoke any and all wage assignments I may or may not have signed with your company, I no longer authorize you, your company, or your affiliates to attach any part of my wages or contact my employer for your collection purposes. I have notified my employer about this matter so any attempts to do so on your part will be rejected.

I demand that any contact be made through US Postal mail or email only. I will need everything in writing to keep accurate records of all communication as per instruction from my Attorney General's Office.
I prohibit you or your affiliates to contact me via telephone at my place of employment or my home telephone number. I also prohibit you from calling my references listed on my loan.

Due to the fact that Internet payday loans must be licensed in the state of South Carolina to be a legal and binding contract, your company should NOT issue loans to South Carolina residents at all. I am requesting that you send me your license number which enables you to offer loans to South Carolina residents.

The legal amount that could have been charged to my loan is $300.00, even IF your Internet pay day loan were legal anywhere in the U.S.. I have paid well over the principle amount of the loan and am requesting a refund of the $900.00 you illegally charged me over South Carolina's $300. loan limit.

I must also inform you that I will be filing complaints with the Better Business Bureau, the Federal Trade Commission, and the South Carolina Attorney General's Office.

I expect a response from your company no later than 5 days from the above date regarding this matter. This response may only come via US Postal mail or email. No telephone contact is permitted.

Sincerely,

CC: South Carolina State Board of Financial Institutions
Better Business Bureau
South Carolina Attorney General
Federal Trade Commission

Donna, that letter looks fine but remember, only send it to the illegal ones. Also, even though you have blocked these lenders eventually it won't work, these companies are notorious for changing their names and debiting different amounts at different times. It is your privilege to ask for a hard debit block be placed on your account to protect your interest from these illegal companies, however, you will need to speak to the Branch Manager personally to have this done as usually tellers are not familiar with it. Please make sure you secure your account BEFORE you send these letters out, as these companies will do everything and anything to take your money. As far as getting another account, I highly advise you to do so, you can check in the bank section of this forum to locate a bank which is fairly east to acquire accounts with. Please keep us posted! :)

Hey!
I had to visit my bank twice. First the teller put a stop on Centruion but she told me it could only be for the exact amount of the payment $120. If they put thru $119. or $121., she told me it would go thru. The next day I waited until I could see a manager. She knew what I meant by a "hard block" and did it so that both Centruion and 500 FAST CASH cannot take anymore money. If they put it thru as another name I will have to dispute it. Then I sent the letter I showed y'all above to both companies via email and fax. So now I guess I wait to see what happens? And then I will write to the other companies. I need to find out if the other 4 companies are legal in SC. If they are, what does that mean? They still have the limits above correct?

If they are licensed in SC they will be bound to your laws, I can't seem to find a licensee data base for SC so if I were you I would call Consumer Finance Division at Phone: (803) 734-2020 and ask them, that way you will know for certain. You will probably be hearing from these lenders that you've written to and they will try to tell you that you signed an agreement to abide by the laws where they're licensed, but don't let them try to fool you, just respond to them that your state laws prevail. I'm glad you're getting a handle on these!!

Thanks for your help thus far!!
National????????s Cash Advance and Payday Loan Center also going by NLS CASHADV 12
Thay said they'd be done after 6 payments but they just debited another $212.25 from my account!! This now totals $867.25 on a $300.00 loan.
I am going to tell my bank it was unauthorized but do not know if they will reverse it. Worth trying? Also I will call Consumer Finance & see if they are licensed in SC.

National????????s Cash Advance and Payday Loan Center also going by NLS CASHADV 12 - NO LISCENSE in SC. Just spoke to a nice lady at SC Comsumer Fianance Division.
Sha also told me NO payday loan company without a physical location in SC is licensed in the state - so that would count most of these online places out. Hmmm.

They should reverse that payment for you Donna, it was a totally unauthorized debit and that is all you need to tell them.

Hi y'all - I want to bring you up to date!
My bank reversed the withdrawals from both NLS CASHADV 12 and from CENTRUIAN. They also put a "Hard Block" on my account for these two "companies" so that they can never take money out again, no matter what the amount. I have not heard anything from NLS CASHADV 12...BUT...this month, CENTRUIAN took TWO withdrawals out - one for $120. and one for $520. under the name "CENTURIAN". Tricky little suckers, huh? I immediately called my bank & they reversed it and WILL reverse - or at least notify me - of anything even close to that name. ALSO, this very stern legal sounding young man keeps leaving messages on my voice mail. Today I answered his call by mistake and he began to go on about how I illegally renegged on my contract by blocking the withdrawals from my account, etc. I told him that his company was illegal in the state of SC and that I specifically stated in my letter that there was to be no contact other than in writing and by US mail. Before he could say another word, I hung up. I am on high blood pressure meds and did not want to get in an argument with him - I'm suppossed to remain calm:)
When I get a little time I will actually report this company to all the agencies I can because of what they do.