Payday loan help!! Internet based loans in Tennessee

welcome mj,first i know three of your pdl's
are MTE.quickest cash advance,ameriloan,and
one click cash.here is what you owe each of
these.

quickest cash advance.415.00 refund
ameriloan 290.00 refund
quickest you owe 350.00
these three are not licensed or legal
anywhere,therefore you only owe what you borrowed.
don't know about the other three.someone shoul be along to help with that.

Loan Point USA is also Geneva Roth. That is what it said on the E-mail's they send me anyway. How do I get started stoping them from drafting any more money?

easy,either close your current account and open another,or put a hard debit block on your current account.these pdl's will bleed you further than they already have if they have access to your account.
go speak with the bank manager face to face to get this done.

Paul is correct. Once you have done that you will be in a position to negotiate a settlement. The account will have to default for them to be willing to negotiate. Once that has happened expect their collectors to call and be nasty but stand firm. Explain that you are experiencing a financial hardship and that you do want to repay them but can`t afford their ridiculous interest rates. They may not bend at first but they will eventually .Just don`t cave in to their threats. If you let them know you are scared they will have already won. I know this can be stressful but if you hang tight you will get through this. :D

This may be a silly question but what exactly is a hard debit block. Will it block checks from clearing as well?

Don't feel bad . Most people have no clue what a Hard hold or Hard debit block is inless they have had to use it. :) No it will not block checks from clearing, it will only block the ACHs you specify. Like Paul said ,You will need to speak with the Branch Manager at the bank to get that done .

DOES ANYONE HAVE ANY INFO ON NEED SPEEDY CASH OR NATIONAL PAYDAY?

ALSO DOES ANYONE KNOW ABOUT SSM, LLC? COULDN'T FIND ANYTHING AT BBB AND WHEN I GO TO THE WEBSITE IT IS NO LONGER A VALID WEBSITE.

I checked out Need Speedy Cash at the BBB and as of 11/26/2007 They could not find a license. I also checked the Clark County Nevada records and they have no record as well. So I am figuring they are illegal.

So I talked to the bank and they say they can only put a stop payment on the ACH debits they can not put a block on my account. I can't close the account as I have 2 deposits coming thru. I don't know what else to do. I know a stop payment isn't going to stop them and I don't have the money to cover them. Any advice?

Go back and speak with the branch manager. Take copies of letters with you that revoke authorization for each company to debit.

Tell her a stop payment on the ACH won't work. The pdl's will just debit under another dba, or with another amount, or even just send a paper check through.

They can put a block on the account, or put it on deposit only. They can. How else would they stop an account when someone has their purse stolen? They can. Don't take no for an answer.

i have my letters ready to send but I was waiting to send them until I had my account taken care of. Will it matter that I haven't actually sent the letters yet?

I wouldn't mention that they haven't been sent out yet. Just take a copy of them all with you.

One more thing. This is one of my letters. I think I might have used one of your examples goudah. Does this cover all the bases?



Loan Point USA
Geneva Roth
1338 South Foothill Dr #325 PMB
Salt Lake City, UT 84108


Quote:

I don't have any letters I've written posted . . . :D

Also, fdcpa only applies to third party collectors, so it wouldn't apply to the original creditor. You may want to take that part out of the letter.

Sorry...Idk where I got that but I appreciate ur help more than you know. My husband talked to the HR department and they said that since he already had diret deposit to a savings account they could put all the funds there this week. My other deposit goes in today so I am closing that account tomorrow. Finally!! :D

I am going to ask this one more time just to make sure that I am correct before I start sending out my letters to these PDL devils :evil: One Click Cash, ameriloan, Quickest-Cash-Advance, SSM LLC, National Payday.com and Need Speedy Cash are all non-licensed and illegal. Loan Point USA is licensed in Utah. Is this correct? Please let me know.

I closed my checking account yesterday and faxed and emailed all of my letters today. I am going to mail out my letters registered mail Monday. Can anyone tell me what I need to do next? Thanks!

Well, I can't help because Im at basically the same step as you. I'm expecting it to get ugly once the letters are read. LOL We CAN do this and take back our lives!!!!!

Geneva Roth just called. Really pleasant person. Should I call her back?

She said they received my fax

Should I call the lady from Geneva Roth Back? I sent out my c&d letters and ACH revocation letters and she called me saying that she had received it. I have paid them 990.00 to much because the loan is supposed to be rolled over no more than 12 weeks according to Utah law. I have had this loan since 10/19/2007! I don't know what to do!!

Do not communicate with Geneva Roth over the phone. Only communicate through postal service, fax, or email. Nothing else! Send another letter demanding a refund due to overpayment of principal :evil:

just found out that Need Speedy Cash/DPL Financial Services LLC is licensed in Missouri. So they are legal in Tennessee.

Yeah, DPL Financial is licensed in Missouri, but out of Nevada . . .

well friday was my due date for all of my loans but I had my account closed and so they have all been returned. I faxed out all of my letters Friday as well and the only one that I have had to call is Loan Point. I am so glad that yall are here. I spoke with PDL assistance and Langehorne but I did not have the money to pay them for their services and I am so glad I did this on my own. Now I'm just waiting on the calls to start...

Russell from One Click Cash just left a voice mail saying I had till noon today to call and make payment arrangements or they take care of matters on my behalf. What do I do? Just ignore him? I have sent my C&D by email and they DID receive it.

I just filed complaints with the BBB and Tennessee Department of Financial Institutions against One Click Cash. I hope this works!!!

Also my husband has a loan with First bank of Deleware. I went to their website to see how much he owes and get the customer service # but it wouldn't go to the installment loan page so when I went to check n go (their partner in crime lol) it said that they were not servicing loans in my area. So I clicked on several different states and it said the same thing for those as well . I wonder if they are having some issues!!Ha HA!!

I just got this from MTE regarding the BBB complaint I filled. What do I do now? :?

I have taken several loans out with them but at the time I had no choice. I had to borrow from Peter to pay Paul. I don't know what to do :cry:

that is the old,if you can't dazzle them with brilliance.baffle
them with BS.that is exactly what that is.they owe you a refund.resend your letters or respond with a rebuttal like this.

you are an unlicensed company,internet or not you lent me
money illegaly.therefore i thought based on my history with
your company you could work with me on this but,i am not
paying another dime on a loan by pure defintion is illegal.
i trust my position is clear. then put your name.do not give in
they wouldn't know legal if it hit them in the backside.

This is what I sent back. I was so angry! :x


TO WHOM IT MAY CONCERN:

I REFUSE TO PAY YOU ANY MORE MONEY THAN WHAT I ALREADY HAVE. I MAY NOT BE A
LAWYER AND I MAY HAVE BEEN IGNORANT TO THE FACTS WHEN I TOOK THE "LOAN" YOU
OFFERED BUT I HAVE NOW EDUCATED MYSELF ON THE LAWS OF INTERNET PAYDAY LOANS AND
I DO KNOW THAT YOU ARE IN FACT PROCESSING LOANS TO PEOPLE ILLEGALLY. I HAVE
PROOF THAT YOUR COMPANY HAS BEEN TOLD TO CEASE AND DESIST ALL LOANS UNTIL A
LICENSE HAS BEEN ISSUED TO YOUR COMPANY BY THE STATE OF OKLAHOMA DEPARTMENT OF
CONSUMER CREDIT. ALSO MY STATE LAWS SAY THAT I HAVE TO FOLLOW THE LAWS OF THE
STATE THAT THE PAYDAY LOAN IS "LICENSED" IN. IF YOU ARE NOT LICENSED THEN YOU
ARE CONDUCTING BUSINESS ILLEGALLY. THEREFORE I WILL NOT PAY YOU ANYTHING MORE.
I HAVE ALSO FILLED COMPLAINTS WITH THE OKLAHOMA AG, THE TENNESSEE DEPARTMENT OF
FINANCIAL SERVICES, AND THE FTC.
YOU ARE BASICALLY SAYING THAT NO LAWS APPLY TO YOUR COMPANY BUT I THINK THAT THE
ABOVE LISTED WILL DISAGREE.

SINCERELY,

WOWSER!!!!!!!!YOU GO MY FRIEND. :D 8)

I have only been contacted by 4 of my 7 PDL's. I defaulted June 27th. Should it take this long for them to contact me?

Should I refax my letters or just sit and wait for the PDLs to contact me?

I got my first paid in full via Text message! ameriloan sent me a text telling me my loan was paid in full and that I was approved for more money :shock: I am trying to figure out what they are smokin! :lol:

Congrats on your first PIF!! :D

congrats on the PIF,remeber these people are illegal dullards.they want your current bank info nothing more.print and
save that PIF.again great job on the PIF. :D 8)

Once I had a PIF in hand I printed it out, filed it away and didn't give the PDL another moment of my time! Good job and congrats! Isn't it a great feeling?

It is awsome but what I don't understand is ameriloan and Quickest-Cash-Advance are bot MTE so why are they being so impossible on the Quickest-Cash-Advance loan? By their "calculations" I owed more to Quickest than I did Ameriloan. Also I got an Email from National Payday.com saying that they were in Costa Rica so I have to follow Costa Rican law not the law of my state. Do I need to respond back to them or just wait for my complaints to kick in? I know I ask a lot of questions but I need to make sure that I am doing everything in my power to get this mess taken care of. Thanks for all the help and support!! :)

This is what I received regarding the rebutal I sent for MTE's first response of my complaint:

On July 17, 2008, the business provided the following information:
MTE FINANCIAL SERVICES

FAX: 866-668-0535
Email: [email]compliancedepartment@mtefs.com[/email]
??????????????????

July 17, 2008

Better Business Bureau Serving Eastern Oklahoma
Attn: Dan Wade
1722 S. Carson Ave. Suite 3200
Tulsa, OK 74119

RE: Misty Case #: 38015983

Mr. Wade,

We have reviewed Ms. rebuttal. She also sent her disagreement via email in response to our offer.

It is evident at this point, after doing research of our own, that Ms. Walton never had any intention of repaying her loan with us (in addition to loans with many other companies), and was looking for any way possible to avoid repaying that which she knew she owed, following the coercion of others. Unfortunately, her refusal to pay her loan with our company has resulted in her account being referred to an outside collection agency for recovery of the full amount owed.

We no longer have any control over the account. Any future arrangements for repayment of the delinquent balance will need to be made with that agency. We will consider this matter closed unless we hear from you.

Thank you for your time and consideration in this matter.

Respectfully,

Compliance Department
CC/file

this is what I replied to their comment:

I would have paid all monies owed to this company had they just abided by the law. I feel that this company should be held accountable for their actions. All they have to do is obtain a license and this would not be an issue at all. With all the money they are illegally draining from their customers this should not be a hard thing for them to accomplish. The other "loans" they are referring to is a company in which MTE owns as well and they marked my loan paid in full even though by their records I still owed them money (By my records they owe me a refund). So apparently they must feel in the wrong some way or they would have sent that to collections as well. I do not accept their resolution at all! Get a license and you would not have a problem!!

so what do I need to do? Just wait for the collection agency to call me?

any d/b/a of MNE is gonna lie to government entities.your response is all good.they will call,but they sometimes have a
grunt do the calling claiming it is a collection agency.i would
refile all complaints.you are right,they are wrong.

Ok this is what Geneva Roth replied to my complaint: :x


On July 22, 2008, the business provided the following information:
Contact Name and Title: Compliance Department
Contact Phone: 800-351-8820
Contact Email: "customerservice@loanpointusa.com"
Ms.:

Our records indicate that at the time you accepted a $300.00 loan with loanpointusa.com, the terms of your loan were provided to you in writing. Your understanding of the loan terms are evidenced by your signature on the Cash Advance Agreement.

Our records indicate that on 06/27/2008, your payment was returned unpaid by your financial institution. Your account is currently being handled by a collection agency and you may contact a representative directly at 1-866-489-0979.

Sincerely,

Compliance Department
Geneva Roth Companies


And this is how I responded:

As a licensed company it is your job to follow the payday lending laws stated. You have failed to do so. Apparently you do not relize that you as a lender defrauded me when you listed the terms of the loan, as you knew they were illegal. Because I was ignorant to these laws I agreed to your terms, however, now being more educated on your business I should not have to pay more than the law allows which is 12 weeks of fees from the time the loan was originated. That being said, I do not accept your response and I will be pursuing this matter with other government entities.

They are such JACKASSES!!!

you are doing fine MJ and you are right.they are JACKASSES.

How can they really justify taking $1,530.00 from me on a $300.00 loan then saying I still owe $390.00? That is insane!!

I just got this in my e-mail. What do I do? Should I call him?



Date: Monday, July 28, 2008 1:24 PM
From: Michael Wheeler
To:
Cc: "bkalkhorst@lighthousera.com"
Subject: 8727 M balance due $253.50
Size: 12 KB

M



Your delinquent payday loan is scheduled to be turned over to our Law firm. Unless you call us now, there could be additional fees added to the account. I realize that you may be going through a difficult time but please know I am more than willing to try and help. If you call me soon enough I can stop any pending action against you. Your file# is listed above. Please do not respond to this email unless it????????s to give me a different contact phone or inform me of when you will be calling me to work out arrangments. My contact info is below.

Regards,

Michael Lawrence

Brion??????? please prep this for forwarding



Michael Lawrence

Legal Auditor L.R.A.

Lighthouse Recovery Associates, LLC

6880 S. Yosemite Court, Suite 100

Centennial, CO 80112

866-520-1240 ext. 1658 Toll Free

303.800.1658 Direct

303.512.6100 Fax

[email]mwheeler@lighthousera.com[/email]

good then you can send DV and C&D letters.chances are that it
will be a grunt playing lawyer.i wouldn't waiver for a second.they are grasping at straws,by the way i got the same
stupid email from usfastcash.i ended up settling for what i owed.nothing more.