Help with my desperate situation...Please.

Hi, I do not know anything about PA laws, you can look those up on the stickies at the top of this page. Don't worry someone with more experience than I will be along soon to help. I know it is hard to be patient when the situation is so desperate. We have all been there and understand what you are going through. Hang in there, there is a great deal of help here!

Hello Desperate in PA, thank you for starting a new topic, as I said before, I will post your state laws. Keep in mind that the laws only apply to businesses physically located in PA. So if a payday lender is not located in PA, they can lend to PA consumers. They would need to follow the law for the state that they are licensed in.
Quote:
You will find the Payday loan laws for Pennsylvania here (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

Is that The Loan Shop or The Little Loan Shoppe?

If you find it difficult to manage the PDL debt then you should go for debt consolidation and get rid off this menace as soon as possible.

Before closing your bank account you should read "Read before closing your bank account due to pdl".

Be aware PA is one of those states that allow PDLs to lend as long as they hold a valid license in or out of state. :?

Thank you for your input anyaroberts , I stated that in the post above. :)

It is "The Loan Shop". As a follow up, two of these companies (paydaymax and paydayone) are in New Anguilla according to my loan documents. What does that mean for me. As I have stated earlier, I do want to pay these loans but the interest is killing me so I cannot even pay off the principal. I have even thought of bankruptcy. I would think these companies would want their principal amount if I would negotiate that rather than nothing at all from bankruptcy? Please advise. Thank you again every one for your help.
p.s. Does anyone know anything about the other "lenders" that I listed above? Their where abouts, etc.?

shazz should be along with that info desperate,but i will say this,if the pdl is not legal in your state.you take all that interest
and mark it toward your loan.you see,if these places are illegal
they cannot charge interest.therefore all monies paid thus far
go toward the principal cause that is all you owe.that being said
shazz should have the info on which ipdl's are legal and which
are not soon.as far as the NEW ANGUILLA loans go.i would just
mark them as illegal.

PayDayMax is an ILLEGAL PDL ans is based out of Malta. They are not licensed to lend in the US period :evil: Looks like you are close to paying the principal off. I would call and propose settling for only principal amount ONLY :evil:

What does this mean?

There are no storefronts in PA. They are illegal.

Internet lenders can lend legally to PA residents as long as they are licensed in another state. They would need to follow the laws of the state in which they are licensed.

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Cash Net USA and Payday One are legal companies. They are using their Nevada license (Cash Net) and their Deleware license (Payday One) to lend to PA consumers. The Loan Shop may be licensed in Utah, I can't remember off the top of my head.

Payday Max is not licensed in the US.

What does that mean for me with Cash Net USA and Pay Day One? Can I negotiate with them? Does anyone have this type of experience with either of these companies?

I did call my credit union today and they told me to cancel the ACH withdrawals in enough time to these companies. Save all information from conversations, faxes, etc. Then when the company tries to take the money anyway, I need to call the credit union, give a sworn affadavit of what I have done to stop the ACH withdrawals and they will get back the money and block my account. Does this sound feasible to anyone? I have read many blogs that advise about giving a heads up to these companies! However, my credit union which is the largest in PA does not advise to close my account as it is illegal to do so just to stop transactions. I have actually had great interactions/results with my credit union in the past 10 years of having them. Any advice would be appreciated!!! Thank you all so very much!

Desperate in PA I have worked with Paydayone before, it took a lot of persistence to finally get it through their head that I could make payments, but only in the form of a money order to a physical address. After numerous emails back & forth they finally agreed.

Dear Shazzers,
Thank you...what do you think about the advice from my credit union about not closing the account but instead stopping ACH withdrawals. I am hesitant because of what I have been reading about companies changing their names, etc? Could you please advise? Thank you.

I would close the account. Revoking ACH's will not deter them from going in under another dba. They only way to safeguard your money is to close the account and if you open another at the credit union, make sure that they will not force the old one open if any ACH's hit. My bank was very helpful with that aspect and no further ACH's went through. I am not sure if the PDLs just didn't try after they got my C and D letter, or if the bank returned them. At any rate, my PDLs are all gone now so I don't stress over it any longer. I also don't keep any amount of money in the account for too long (like I have all that extra just laying around!) as I pay my bills as soon as the deposit hits the account just for an extra good measure!

Thank you for your input. It is really appreciated. My credit union seemed hesitant to open a new checking account any time soon because they feel what I am doing is unethical because I took the loans out. I discussed with them that I do want to pay them back but without the interest. I am afraid of the legal ones such as Paydayone and Cashnetusa.
Also what is a C and D letter? Do you also mind if I ask how you paid off your pdl's? I could really use some strategy here. Thank you very much!!

I know you don't really want to close that account and I can understand why. Do you think they would place a hard debit block on your account? That would keep your money safe until you can work out a payment plan with these pdl's. A C&D is a cease and desist letter, but be advised that the original creditor does not have to comply with a cease and desist, it applies by law to 3rd party collectors, however, it HAS been effective for me in the past, and I figure it doesn't hurt to try, so I sent one anyhow. I have a copy of one, if you would like, in fact, it covers about everything legally. Except there are portions of the letter you may want to omit with SOME of the pdl's you owe.

I'll go ahead and post a sample C & D letter for you. Tailor it to your needs. :)

Quote:

Shazz is right, once again. I am having a hard time understanding the unethical part of the equation, since the most unethical organizations in the world are the PDLs. As for the C and D letter, I too had no problem once it was sent but then again, I had already closed my account and I am not sure if any of them tried to debit once they received it. As for the pay off, ameriloan was already PIF when I contacted the BBB. They just accepted it and went away. Once I sent a copy of my C and D letter to Mr. William Reed at Credit Protection Depot, I got a phone call telling me that my MyCashNow account was PIF and I could get a PIF by paying the remaining balance on my PayDayMax, which I did. I did send it via Moneygram as I just wanted the PIF and it was worth the extra $6.95 to get it. UsFastCash played hardball until I call Intercept EFT. Within hours I had my PIF from them with $30 still owing on the original deposit amount. Star Advance, my last hold out was easy to talk with but they were not willing to cut me a deal on what I owed. I tracked down there bank, Bank of the West, called their legal department and explained what was going on. In the meantime, I tracked down an email of their administrator, via the return details of a past email, sent her an email and within days I had an email from her apologizing about all the grief they had given me and she gave me a PIF with $293.00 still owing on the original deposit amount. Of course, I was told that I could no longer do business with them. . . . .like I was going to do that in this lifetime anyway. I do think that living in New York State helped me tremendously as these things are as legal as all hell here. I was lucky. I came here with not too much invested in these slugs and I was able to get out relatively quickly and with no financial loss. I always felt that I would and should return what they gave me and that was my intention all along. The "gifts" I was given by two of my PDLs was just an unexpected bonus. I hope this helps and please keep us posted on your progress.

Maybe it is how you are explaining it to your bank. They do not need all the nitty gritty details and honestly, I would not tell them I wanted it closed to 'avoid the interest'.

I told my bank that I initially set up the preauthorized debits with the companies to make payments but have since decided that you need to pay your debts by money order not with your account. You have a RIGHT to do this. Just because you authorized the companies at one time does not mean you can not REVOKE that authorization. Write your letters, send them to the companies, and tell your bank exactly what I just said. Any debits to your account AFTER you present the lenders with C&D revoke letters is an UNAUTHORIZED debit to your account and if you have reasonable reason to believe that the companies will continue to do so you can close the account.

I'll even suggest this, find out how long an account has to be closed with no activity before it can be forced open, my bank says 10-14 days and then it is closed for good. Are the debits done every 2 weeks? If absolutely necessary, give the PDL's the last horrah debiting your account and immediately close your account that day. In the time leading up to this, cancel your direct deposit and do NOT use any debit card you have affiliated with the account. This way nothing is lingering that can stall the account from losing. Why not just cancel your direct deposit or reroute it to an online bank debit account until your account is fixed and safe. I am big on netspend.com It is FDIC insured and allows you to deposit money a vareity of ways including free direct deposit. I used this account when PDL's were eating away at my check and I needed it to stop so I could get some control.
Good luck to you.

I have dealt with Paydayone and currently dealing with cashnetusa. Paydayone I dealt with in the past and they accepted payment arrangements through a credit counseling program I was involved with at the time.
Cashnetusa I'm currently still dealing with. I had a balance of $762 with them and we just recently agreed on $105 a month. But its going through my credit management program. I had to send them two letters revoking authorization to debit my account before they stopped. I was just getting ready to take the block off my account when I noticed Cashnet tried to debit even after the payment arrangements. When I contacted the Customer service people, he was like "we have the right to debit your account when you defaulted and you still owe us money" I told him I revoked it and if they try it again I will be filing a complaint. Fortuantly I work at the bank I bank with, so I am able to watch my account extra close and I can see when they try to put debits through. Cashnet even tried to split it up into smaller amounts and put it through.

Why not just open a new account at your credit union. Don't go in there giving the rundown just open another account. Then put a hard debit block, y status or whatever your bank calls it on your account that has the PDL issues, redirect your direct deposit to the new account and go on about your business. One thing about a hard block is that nothing or noone can do any withdrawl activity. Leave it like that for a few months and then take it off close the account (PDL's would have stopped assulting the account in a decent enough time frame to allow your account the closing time so that it can not be forced open. That is if you simply just want to stay with your credit union.

They can suggest all day long but they can not force you to keep an account open that is being accessed without your permission and they certainly can not force you to keep sending money to the account. Hard debit block it and the PDL's will have to settle with you with money orders.

when you go to your credit union,speak to the manager.the rest
of the credit union need not know what's going on.half the time
they are of little to no help anyway.

I did exactly as the last guest post suggested. Right after, and I mean right after, the PDLs took their debit for the month, I closed my account. I planned ahead and made sure that NO checks were written, and no debits for anything (groceries, gas, etc.) were pending. I called all my automatic payments and informed them that the ACH's had been revoked. I got a paper check from work for two pay periods. I also told my bank that there was unauthorized activity on my account and they closed it, and marked it as fraudulent activity. End of story. I never mentioned the PDLs, the outrageous interest, nothing. Just that there was monkey business going on with my accounts. Like paul said, half the time the people you speak with don't have a clue as to what you are saying and why you are closing your account really doesn't matter. . . the banks/credit unions are just nosey as far as I am concerned. Sometimes, less said, the better.

Sorry desperate. . .that was me llw, forgetting to sign. . .as usual.

Thank you all so much for your input!!! It has been tremendously helpful. For right now, from everything I have read and I have read alot on this forum, I have put a call into Langhorne debt solutions to see what they have to say. I want to see if they can deal with this hassle for me...ugh! I just started a new job yesterday and cannot deal with much more stress right now; I have another job as well, which does not leave too much time on my hands right now. I will keep you all posted!
Again, you have all been tremendous!!!!!!!!!!! Thank you!

A little piece of advice, check with town and country as well before you make a decision. Best to have ALL the facts before you choose.

Dear Loan Applicant,
I am Thomas Hanks Do you need a loan?. In the internet they are alot of scams out there.I decided to answer your question to prevent you being scammed. We give out Legitimate Loan . Contact us at email:globaly_aquinted_org@rocketmail.com or [email]thomashanks63@yahoo.com[/email] we offer loans at interest rate of 0.2% which is simply great.We use a yahoo email account on our request because its makes contacting us easier.

Best Regards,
Mr.Thomas Hanks.
Tel Num:+447045721617.
Emails:globaly_aquinted_org@rocketmail.com,
[email]thomashanks63@yahoo.com[/email]

spam damn spam above

Dear Loan Applicant,
I am Thomas Hanks Do you need a loan?. In the internet they are alot of scams out there.I decided to answer your question to prevent you being scammed. We give out Legitimate Loan . Contact us at email:globaly_aquinted_org@rocketmail.com or [email]thomashanks63@yahoo.com[/email] we offer loans at interest rate of 0.2% which is simply great.We use a yahoo email account on our request because its makes contacting us easier.

Best Regards,
Mr.Thomas Hanks.
Tel Num:+447045721617.
Emails:globaly_aquinted_org@rocketmail.com,
[email]thomashanks63@yahoo.com[/email]

Can someone please give me the website for Town and Country? I can't seem to find them when I google. Thank you!

Hi Desperate in PA.....
You are in the same situation that everyone else on this site is in. I am using a place called Oak View Law Group. Awesome group of people. If you call them, I am sure they will give you some free advice.

Have you thought of doing this yourself? I know that it can be time consuming but the rewards in the end are worth it. I saved a bundle by dealing with the slugs on my own. Good luck with whatever decision you make. I am not sure if Town and Country have a website. Somehow I think you can only reach them via phone.

This was recently published in the Washington Post, also broadcasted on FOX News and CNN, to make consumers aware that 90% of Internet Based PDL companies and financial institutions are not LEGAL whatsoever, despite what they proclaim...


BORROWERS BEWARE:
Unlicensed Internet Lenders

The following companies and websites have offered or are offering loans to U.S residents. We strongly advise you not to obtain a loan from any of these companies. Unlicensed internet lenders frequently charge interest and fees above what is allowed under state law. Also, if you are defrauded by an internet lender, it may be extremely difficult and time consuming, and perhaps impossible, for you to recover your losses. This is particularly true if the company is based outside the United States.

Companies Outside the U.S.
Cashtransfercenter.com (Malta)
Northway Financial Corporation Limited (Malta)
Northway Broker Limited (Malta)
Sonic (Ireland)
MyCashNow.com (Canada)
DMS Marketing, Inc. (Canada)
BIG, Ltd. (UK)
PayDayMax.com (Malta)

Companies that "Proclaim they Posess a Licensed to Lend", However DO NOT:

Cashnetusa.com
Zipcash-SFT
Speedypayday.com
itsmypayday.com
National Opportunities Unlimited, Inc.
Starlight Financial, LLC
Payday-Loan-Yes.com
Westbury Ventures
Loyalty Financial Solutions
DiscountAdvances.com
ImpactCash.com

Where does a internet geneva roth stand with illegal pay day loans in the US. I know so many here have dealt and are dealing with them, and in doing so, mabye they can avoid going there if it is listed here, if so, as being illegal.

Just so you know, they follow all the laws from every state, they don't loan to some states because it doesn't fit their laws. They are not doing anything illegal. Learn some facts first.

I would love to know what company you are referring to?
Lots of interet PDLs loan to consumers when they have no business doing so as they are not licensed in that state.
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It is really a nice and informative site.
Lisa11



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Hi,

Dos anyone have information on this lender? I recently got $945 back from them through my bank on a claim. I borrowed I believe $300 from them. I just recently went over my back statement and realized that they have taken $945 from me!!!

So, now I want to know what I can do. I do not have a problem with paying them back but I dont believe that I should owe them nearly $1000 dollars.

Can anyone tell me if they are legal I am in CA. Thank you for your responses and information.

They are not legal.

I am not clear on what you are saying. You got $945 back but over a course of time before that they took $945?

I have a loan with Zip 19 and the next payday they will take out 900 something. This is just difficult to pay next pay day. They do not offer roll overs, someone told me to close my acct. then try to settle with them. Will they garnish my wages???