need help calculating overpayments

No problem! You would just subtract the actual loan principal from what you actually paid. So....
Payday Loan Yes: owed 350, paid 525. Overpaid $175
Payday Yes: owed $400 paid $420. Overpaid $20
Impact Cash: owed $300 paid $450 Overpaid $150
Upfront Money: owed $200 paid $450 Overpaid $250
Ashland Enterprises: owed $200 paid $300 Overpaid $100
JVC Funding: owed $200 paid $360 Overpaid $160

Sounds like you are owed some cash!!

How aggressively do you think I should persue getting a refund? These companies are just ramping up into full freak out mode since I cut them off!

If you truly want a refund and your pdl's are illegal, then I would file complaints with your State Attorney General Office, the BBB, and with the FTC. I would constantly hound the pdl's with letters stating that they owe you a refund. I am sure others here will be around to give more advice as well.

Good Luck...

You may get refunds from some of them - but it's possible you won't get one from all of them. Look at it this way - at the very least, you've regained control of your money, and stopped these companies from dipping into your bank account every payday.

Even if you don't get refunds from them, at least you don't have to scramble to pay them anymore.

Have you made sure that they are indeed operating illegally in your state? That's an important step in this process.

Well, I live in NJ, and I thought all payday loans were illegal here. At least, that's what I have been telling their collectors. I've been saying that since pdl's are not legal in NJ, I am not responsible for their excessive fees. I have to say that they just become speechless when I say this! I hope I am right!

Ok, so these people are going to be a problem. They sent me this e-mail...

Please note that we provide upfront cash rebates and not loans. We provide between $100-$300 upfront cash. The contract that you are in is a 20 payment contract, and can be canceled at any time. currently you owe $389.90 to get your contract paid in full. Please do give us a call at 1-888-677-3874 so we can verify your information. We are here Monday-Friday 8:00am-5:00pm EST.

I decided the send them this response...it's kind of aggressive...do you think I've gone too far??? Here it is...

rebate - A deduction taken from a set payment or charge. As a rebate is given after payment of the full amount has been made, it differs from a discount which is deducted in advance of the payment



payday loan - A payday loan is a loan which is to be repaid next payday. It is a short term loan meant for urgent financial requirements.



The distinction is very clear. It is also very clear that in NJ there are strict guidelines as to the amount of interest that can be charged. I will be contacting the State Attorney General about this issue. If you recall, Rent A Center also thought they could get around the limits of the usury laws. Also, if you recall, they recently settled a class action lawsuit for millions.


Rent-A-Center Inc.
Asbury Park, NJ: (May-01-07) A lawsuit seeking class action status was filed by Hilda Perez and others against Rent-A-Center Inc., claiming that they had paid improper interest to the rental store chain. Perez sued after Rent-A-Center sought to repossess items she got from the company and then fell behind on payments. Her suit alleged that she was being charged approximately 80 percent interest for some furniture, a television, a washing machine and other appliances. The goods had a combined cash price of $9,301, but with interest, she ended up paying $18,613 to own the items. In a settlement reached, Rent-A-Center Inc. agreed to pay $85.8 million to the customers, who sued the company. The settlement would enable about 100,000 New Jersey customers to get an average of $800 each. The settlement also decreed that the rent-to-own industry must observe the same 30 percent interest rate cap that other retailers charge. The Texas-based company said it would also pay $23.5 million in administrative costs and fees to the customers' lawyers

Quote:

Rebate loans are an old scam . . . . . They are the kind of loans that AG's have most aggresivly pursued because they are so ridiculous.

Wow, they are slimeballs, alright! Which PDL sent you this email? And great response to them, btw.

It was upfront money. I have so far had no reply to this e-mail. We'll see what happens. I do have to say though, that I've been fairly aggressive with these people, cause they've made me so mad with their lies and smugly bullying behavior. One guy told me that I could be charged with a federal offense! I told him that he, in fact, was the one who was violating laws, and that I was fully prepared to protect myself legally. He was just speechless! It was fabulous!!! I haven't heard back from him yet, either. This approach just may bite me in the butt, but it's just so satisfying compared to being a victim!

Ok, so payday yes is trying to say that they don't have to follow state laws because they're licensed in the state of Delaware. I sent them this reply...

Not true. Consider the following...



Legal Status of Payday Lending by State

Payday loans are small loans subject to state regulation. Many states also have criminal usury laws to protect consumers. Currently eleven states and two territories have small loan laws or usury caps that effectively prohibit payday lending at triple-digit interest rates. (New Jersey is one of those states)



also...



A federal court recently sided with the Kansas banking commissioner's office in a case against Internet payday lenders, ruling the state has the right to impose consumer protection laws on Internet financing companies.



The Pennsylvania Department of Banking said that it will seek restitution on behalf of Pennsylvania customers of Advance America, the nation's largest payday lender, for fees charged in excess of state law.



you should also consider...
New Jersey Supreme Court Strikes Down Consumer Class Action Ban as ???????Unconscionable and Unenforceable????????

TLPJ Wins Nationally-Significant Ruling Against Payday Lender Preserving Consumer Class Actions

What do you think?