A letter from nhcash..what should I say?

what state are you in again?sounds like BS to me.
they won cases in MA where pdl's are prohibited right.

Maryland is my state

My first thought was why is she even bringing up winning a case in MA?? 1. I don't live in MA and 2. I just wanted to makea payment arrangement that did not include my bank- not just skip out on her. I think she is paranoid or something. But I am definitely going to look into my rights.

Is nhcash a pdl or small loan processor? I ask because I took out a pdl and am getting ready to send my C&D letter. I got an e-mail from them today saying I owed them $499 on a $250 loan. I have already paid back the $250. What should I do?? I live in NY and I know that pdls are prohibited here.

OK, just a thought but it sounds to me like that is an excuse to just steal money. You didn't have a issue when they gave you money, you took it and spent it, you never sent it back because they were prohibited in your state.
Also, you are doing business with a company out of another state, it would be no different if you walked into their store. You do business with companies not licensed in your state everyday, but you still do business with them...

If she is willing to make payment arrangements, shouldn't she be giving you the amount to send instead of asking you how much you want to send?

That's odd.

How much have you paid to them thus far?

That is true, if she is willing to make payment arrangements, she should be giving you the amount to send instead of asking you how much you want to send. They know they are bogus. NHcash is one of the payday loans I am fighting as well.

The laws of the poster's state is the one that she/he has to go by. It is always been recommended that the person pay the orginial amount borrowed.

i doubt they won any cases over s a state that prohibits loans. either way, that email is strange. i hate when payday loan companies tell me they don't like my tone. she should be happy you're paying money gram - i paid by money orders when i settled with these companies.
you're going to be okay - i would have been nervous, too, though if I got something saying they were going to debit my account! i would keep a careful eye on everything to make sure they are doing everything right and legal on their end.

I just wanted to let everyone here know that i live in Mass and was taken to small claims by NHcash.com and they won. Per the Judge it clearly stated in their agreement that taking the loan from them is the same as going to the store front in NH, therefore I am doing business in NH, not Mass.
I also had a returned payment and the Judge was quick to advise me that it was a criminal act to have a returned check/ACH so if they wanted they could bring criminal charges. They didn't and we arranged a payment plan. Just thought I'd let everyone know since the only argument people seem to have is that now that they can't pay the loans back, it's cuz their illegal in the home state.

It is not a criminal act for a check or ACH to bounce.

Since you stated that lie I think your whole post is a lie.

It sounds to me as though your judge was not knowledgable of the law as it pertains to PDL's and licensing in the state or you may have some law that permits this finding. I would contact your local Legal Aid for them to review this finding. If you have no luck there, contact your local Bar Association for additional direction. You may also want to advise the DFI of your case as this will affect thier ability to regulate.

*** If you are in MA, please be very careful as this can open the door wide for unlicensed lenders as there is now a precident set.

i agree with nohiogal on this one..

I thought if it was a physical check knowing its not going through is a criminial act. As for e-checks or ACH, that is not a criminial act.

Also, consumers are protected by their states and laws, so I don't know if I buy that person's court story. Are you sure it wasn't arbitration court or whatever it is. Cause then, YES, I do see you losing that.

I'm with nohiogal on this one.. if you indeed showed the judge copies of correspondences from DFI stating that the loans are indeed illegal, then the judge apparently does not know the law and I would be reporting him to your Bar association

Sounds to me like the typical employee or owner of the company trying to scare people by making up lies.

I believe guests post above is false.

If it is true I hope that company was licensed to lend.

Exactly!

Looking for my "Report Troll" button. I am going to review public records in MA for recent cases and see what I can find.