Who has had SUCCESS with these pdls?

Hello ASM514,

I came here in May with 11 PDLs and now I am PDL FREE :D It took me a lil over a month to clear them all up. The people here on this forum helped me out a great deal. I only received calls from 2 PDLs only for a week after I stopped everything and sent my proposals out. Also I have gotten 3 refunds totaling $900 and 9 of my accounts marked "Paid in Full". The other 2 PDLs were offshore and never contacted me again :) It was quite easy if you ask me, and it cost me nothing. Just make sure you research the legitamacy of each company and know your state laws. Mostly all of my PDLs were ILLEGAL so that helped me a great deal. They did not have a legal leg to stand on when I was educated in my rights :wink: You can do it on your own as long as you are firm and direct with these loan sharks! Just remember to pay what you are moraly obligated to pay, nothing more! Many others here have done it, and so can you! Best of Luck :P

There is always hope. :D Just make sure you close your bank account and move it to another bank. Also let you bank know that you want to make your account for deposits only that way you can get you paycheck and they can not get anything out of your account. Also write letters to the payday lenders revoking their rights to debit your account as of today. Also contact your Attorney General office in your home state as well as the attorney general of the payday lender. Depending on the state you live in payday lending may be illegal. The address for Arrowhead Investment Inc. is
: 8700 Stateline Rd Suite 305; Leawood KS 66206

Good Luck

when I started defaulting back at the end of April, I had 10 illegal loans & 1 legit loan through thinkcash...right now the only loan I am paying on is through thinkcash. I did have one through Geneva-Roth, we went back and forth a few times through the BBB, but because I had been with the so long & was such a "good" customer and had paid the loan several times over, they finally marked my account paid in full. I was hoping for a refund, but I am glad they are gone... :D

Oh, they will go away eventually. Like anyaroberts, I came here in February with 5 PDLs. By the beginning of May they were all cleared and paying back only what they deposited into my account and in two instances, less than what they deposited. It does take time, and perserverance but it can be done. Chin up. Follow the good advice you get on this board and all will be well.

I signed up here on June 3rd of this year. I had 3 pdls. They claimed I owed about $1200. I just got my last Paid In Full today! I ended up with a refund from one company. As the others have said, it takes time, determination, perserverence, and work, but it pays off in the end. For me.. it was 38 days (counting weekends), but In the end I came out ahead. Once you figure out the laws, and you start sending them information that shows you know what you're talking about, they get the picture. Some were willing to settle immediately as soon as I listed my state's laws, and one was combative, trying to get me to pay more than I owed. But I'm PDL free as of today. Party at my house tonight!!! lol

Keep your head up, take your time and gather all the information you need. Follow the advice on this board, these people are knowledgeable, kind, and friendly.

I agree, close your account, and then start from there.
We're here for you! :D
Jen

Jen, you really did a great job in such a short period of time. Congrats.

Thanks Jen, I can't say it enough, I couldn't have done it without the help of the people here. There is so much knowledge on this forum, you just have to search a little bit for it. :D
Jen

I had 7 PDL's when I found this website. I have only had 2 to call me. One of those was Geneva Roth/Loan Point USA. They called right after I faxed my letters out and I did not answer. 2 days later I had a collection agency calling me at work. I told them that I had filed a C&D letter with Geneva Roth and that they owed me money for over charging me, which I had also let them know in my faxed letter. They had me fax the letter to them and I have not heard anything from either one since. I have also gotten 1 paid in full. This is my 3rd week since I defaulted. I am still sending in Complaints to anyone I can. MTE is my nightmare right now though. UGH!! But I am a lot happier now than I was 3 weeks ago. It just takes a little work and patience.

Amen :P

You can always go to the Winning Success Stories on this board and read how people have come out on top of the PDL world. It is encouraging to see that it can be done. Check it out.

I had 10 PDL's when I came to this forum and it took A LONG time for me, but I am FINALLY PDL free. And if I can do it, let me tell you, anyone can. I am ashamed to think of the time and money I put into these illegal loans.

Hi everybody,

I REALLY appreciate the postings. I am about to begin all of this on my own, and am not nearly as intimidated as I was before. The reason I was asking about these creditors specifically is because I keep reading how they "never go away" - especially geneva roth which seems to debit new accounts (sometimes years after the pdl was taken care of) all of the time. I am also now a bit scared of "Smith, Haynes, and Watson" . I haven't seen ANY success stories concerning their fraudulent collections. In fact, it seems they completely disregard C&d and debt verification requests. I believe two of my other loans - upfront payday and upfront cash - also sell their defaulted loans to this collection agency. And, obviously, they collect for Geneva Roth (heck, they ARE geneva roth). Lots of posts concern these companies and their dealings, but it seems the threads stop before people acknowledge that they went away.

mjwalton, did geneva roth try to "extradite you to malta" or become abusive with your employer? Was the collection agency Smith, Haynes, and Watson?

My PRIMARY concern is that I have NOT overpayed these companies. I am defaulting prior to paying the total principal of the loan.

When I default, I will have paid "refinancing fees" in the amount of:

180 on a 300 loan from ameriloan
180 on a 300 loan from 500 fast cash
240 on a 400 loan from loan point usa (geneva roth)
120 on a 400 loan from upfront payday
120 on a 400 loan from upfront cash
90 on a 300 loan from vc funding
90 on a 300 loan from arrowhead investment

Because they are ALL illegal in Ohio, my c&d letter demands that they substantiate these "fees" as payments toward the principal. That means I will still owe:

120 to amerlioan
120 to 500 fast cash
160 to loan point usa (geneva roth)
280 to upfront payday
280 to upfront cash
210 to vc funding
210 to arrowhead.

I'd almost feel better if I HAD overpaid them (bizarre, I know!!) because then they'd have no money left to collect from me (legally). But, because I still have a moral obligation to pay them all remaining principal, it seems they won't be going away ANY time soon, and the proceedings may become even NASTIER BECAUSE I still owe them money.

I am drafting my letters now, and preparing my complaints with the Ohio AG, the lenders' respective state AGs, the Ohio DFI, the FTC, and the BBB. But I am VERY afraid that these agencies will not aggressively pursue these complaints and be of any help.

Further, after I close my existing checking accounts - I have two, and I have taken loans on both!! *gasp* - how can I guarantee my new accounts will nto be debited? I keep reading stories that Smith, Haynes, and Watson will try.

ANYONE who has experience with SHW: When they try to debit your account, do they use THAT name? Or have they tried to debit using a dba?? I can place a permanent block against one name on a new account, but am still sooooo worried...

One last thing:

I have an account with Town & Country from a PREVIOUS mistake with storefront pdls. Anyone know if I can NOW add the internet pdls to an existing account? And would it be worthwhile? I figure:

a) it won't cost me anything extra than I am already paying T&C,
b) they can do the leg work paying the outstanding principal on these loans,
c) they WILL call these creditors on my behalf if requested to do so.

Oh, ONE MORE ONE LAST THING!!! Can someone explain how you can go about "recording phone conversations"? What equipment do you need to buy? How do you use the equipment? And how much does it cost?

Thanks!!

Your words ARE very encouraging!!! I intend to post my C&d letter when I am done to get hopefully get some feedback prior to emailing, faxing, mailing them out.

asm. . .right now being extricated to Malta ain't sounding too bad for me. . . . I really need a vacation! Only kidding. I wouldn't be too concerned about that happening! I too had not overpaid on ANY of my PDLs. I am thankful for that as I didn't have to fight for a refund and I wasn't out any money over and above what I needed to pay back. I know that ameriloan and 500 are both affiliated with MNE. They use Intercept EFT for their processing and they use Bremer Bank as the originator of the loans. I see that you are closing your bank account? Or has it been closed? If it is closed, you could safely send your C and D letters now. If not, do not send them until your money is safe. Make sure your bank will not force open your closed account if any debits hit. I would also call the processor to try and keep them at bay. Also, a word to the PDL about the processors involvement may just give them something to think about. Just take this one step at a time and all will be good. First and foremost though, is to get your funds safe. Once that is done you have plenty of time to do your research, get your letters drafted and sent out and be on your way to becoming PDL free. . . .and yes, you can do this yourself. We are all proof of that fact. Good luck and keep us posted. AND, don't hesitate to holler if you need anything else.

In April I had 11 PDL's and now I am just down to 1 where I still owe some of the principle. It can definitely be done on your own. Unfortunately, I know I had way overpaid some, but I was so happy to get a PIF letter and for them to go away. I have also gotten some calls from the foreign guy that says I'm going to be downloaded and arrested, but I told him where to stick it and I haven't heard back since. There is nothing better than the feeling of getting your first full paycheck!

These guys never cease to amaze me but they do amuse me with there "downloading" thing! How in the name of good God does one get "downloaded"? I've heard of "beam me up Scottie" but downloaded? Easy tellin there is NO command of the English language going on here! Perhaps I should re-enter the PDL world just so I can get a piece of that action too!

I'm still trying to figure out what "downloaded" is. :shock: As far as Malta, I have some friends from France who vacationed there and they said it's beautiful. I seriously doubt they would extradite you or that the authorities here would allow that. I delt with upfront Payday, 500fastcash, and the Loan Shop.
Upfront Payday was the one I owed the most to, and paid the least on, when I wrote them and indicated that I knew that they were illegal in Indiana, they were very quick to send me a $0 balance paid in full. Loan Shop after about 5 emails and letting them know I intended to file a complaint with the attorney general sent me a refund of what I'd overpaid, 500 was a little trickier. I had to send emails to several people, I contacted their processor, and MNE directly, as well as filing a complaint with the BBB and with my state's attorney general. They got nasty and called my family, but I got a PIF from them yesterday. I won't, however, let it go from there. I will continue with my compalints and see if I can't get that elusive refund from them.

You can do it.

I'm still laughing about downloaded. Isn't that when someone gets really drunk (loaded) and falls down??? Or would that be loaded down? Maybe next time one of them says they are going to download someone, the response should be.. "Yeah, well, I'm going to upload you! How do ya like them apples!" (They'll probably be confused over the apples). Sorry, I'm in a good mood :D today and rambling.. lol
Jen

Oh Jen. . .good to "see" you in such a good mood! Doesn't it feel great. I am glad that all has worked out for you. Don't be a stranger and if you should get "downloaded" let me know how it feels and where you ended up!

Hahahah! Thank you, llw, I am happy.. lol. It does feel great! It's nice to know I can start saving some money now.
I was never actually threatened with downloading. I just read about it on the posts, and was curious about it. On a serious note.. has anyone ever asked what exactly they mean when they threaten to download you? Personally, I think they are making up threats. Like I said before next time tell them you're going to upload them.. or better yet. "Go ahead and download me.. I'm going to flush you!"
:D
Jen

arrowhead was one of the companies that settled with me first, after i sent the letter over, the immediately were ready to work with me, but i had also complained to the ag's office as well as the bbb

How do I find out if the company is legal? Also, several of you mention already paying your moral obligation, I assume this is the original amount you owed? I just want to make sure I understand everything before I start calling these people. I have already stopped payments on them. My bank has seen a lot of this and has stopped them by the companies name and I review my account everyday and report any unauthorized withdrawls. I have received e-mails from 4 companies 3 with the same phone number.... any help is appreciated. I too am glad that sites like this exists. :-)

Yes, you are only morally obligated to pay what the company lent you. The only problem I had with stopping the payments was that some of the companies changed their name & withdrew different amounts.
Someone with a little more experience should be able to help you with the legal side, in the meantime you should list the state you live in, the company you borrowed from, how much you borrowed and how much you have paid, that will help them get you the information you need.

i, too, am having an awful time with geneva roth.i had several loans out and this is the only one left! i just posted a similiar thread to this one. has anyone ever been able to work with them??

Thanks for all of the insight. I am letting them have one last hurrah on my accounts on the 21st (Monday) - which I guess is okay, because I've not overpaid, and the "refinancing fee" will be a part of what I demand to be applied toward principal. I have to wait until probably Wed or Thurs next week to freeze, close, stop ACH payments, whatever (not sure what my bank or my credit union - two checking accounts, remember, policeis are). I have other authorized debits that will come out by that time, so I will be okay to close the account. I finished drafting my letters, though I obviously have not mailed them to anyone yet. I also have not yet filed complaints with the aforementioned agencies, though my letter says I "will immediately do so". I also say in the letter that I am contacting their ach processor, but I need to get that from my bank(s).

OH And Get This... I just had an unauthorized debit from "ID Theft Protection" (phone # 866-592-6439). I called and DEMANDED they refund my money. They said I "signed up for their service while taking out a payday loan" which is COMPLETE BS - I never heard of them; so here is my first example of stolen information, I guess. They say the refund will take 72 hours - should I wait for it to be credited to my account before I close it? Don't know how to get my money back otherwise.

Hey, I have a new question for everybody, too - is it allowed to route your direct deposit into an account that does NOT have your name on it? I was thinking of having my wife open the new checking account(s) without me (all of the payday loans are mine, not hers). I was thinking that way they'd never find the account by my social security # (and they obviously don't have hers). But I don't know if it's "legal" to have MY direct deposit routed to HER bank account. Any ideas / experience???

Well, I am not sure about having a direct deposit go into an account with a different name. I would check with my bank an my payroll department and see what they have to say about it. A good idea though. As for the ID Theft thing, be careful. There is fine print on a LOT of things these days and you may have not even known that you signed on for something, as if you need any more aggravation than when signing on with PDLs! I had that happen to me and it was being charged at a whopping $20 a month, on my phone bill. The phone company called these yahoos while I was on the line with them and as soon as they started their BS, she cut in and demanded that, as an employee of the phone company, they had to reverse the charge. They said they would but it would take about 45-60 days. Phone company said BS, and it was reversed immediately. Just keep after them to drop the charges. Sounds like you have a plan of action in place. Good luck and keep us posted.

On another note, but regarding the same, it is so refreshing to see the amount of people who are coming on the board, with so much knowledge already. The are taking their time to read the posts, draft letters, close bank accounts before they post. By the time they do, they already have a plan of action in the works. That, I say, can attest to all the hard work that has been before them. I think the education part of the PDL world is working. I, for one, am thankful for that.

Okay, here is the letter I intend to send to all of the payday loan companies. I've cut and pasted and taken ideas from a lot of different posts on this forum to try and personalize it. I obviously have not sent this yet, because I will not be securing my checking accounts until next week. But I am interested in feedback. Are all of my bases covered in this letter?? Please let me know.

July 24, 2008


Upfront Cash
223 West Bulldog Blvd, Suite 529
Provo, UT 84604


Re: Loan No. ***** for *****, SSN# ***-**-****

To Whom It May Concern:

Effective immediately, I hereby revoke authorization to Upfront Cash, or any representative, parent company, affiliate, or subsidiary of Upfront Cash, to withdraw any funds electronically from my checking account ending in **** at _______________. The account has been closed to all further activity, so any attempts to debit this account will be returned ??????ACCOUNT CLOSED??????. In addition, I prohibit you from debiting any other accounts I may have, either now or in the future. I will immediately contact your processor, ACH Commerce, to notify them of this revocation.

It has been brought to my attention that your company is not licensed to lend in the state of Ohio. Pursuant to ORC ???? 1315.36, no check-cashing business shall engage in the business of making loans under sections 1315.35 to 1315.44 of the Revised Code without first having obtained a license from the superintendent of financial institutions under sections 1315.35 to 1315.44 of the Revised Code. Therefore, Upfront Cash is in violation of Ohio state law.

You are in violation of section 1315.36 of the Ohio Revised Code, and have made a loan that does not comply with division (A) of section 1315.39 of the Ohio Revised Code. For this reason, I will immediately file complaints with the Ohio Attorney General????????s Office, the Oklahoma Attorney General????????s Office, the Federal Trade Commission, and the Better Business Bureau concerning your illegal lending practices.

Upfront Cash's obvious claim that the contract I signed is solely governed by the laws of Utah, the state within which your company is physically located, is unsupported. There is specific case law which negates this claim. Upfront Cash consciously solicited, accepted, and transacted business with a citizen of the State of Ohio and you are therefore subject to the laws of Ohio. Since Upfront Cash is not licensed to lend monies in Ohio, any contract I entered into with your company is unenforceable and automatically void as a matter of law.

In reference to my current loan with your company, I am formally requesting substantiation of all interest payments made by me to your company. According to my records, I received a loan with a principal of $400.00 on June 27, 2008, and have paid total renewal finance charges in the amount of $120.00 on July 21. In view of the information detailed above, I still owe $280.00. I will agree to pay this remaining principal. However, I will send payments in the form of money orders. These are my terms; if you are not willing to accept my terms, then you will not receive any payments.

Upon payment of $280.00, I expect Upfront Cash to immediately mark my account PAID IN FULL. Further, at no time will Upfront Cash, its representative, parent company, subsidiary, or affiliate, place any derogatory mark on my credit report with any credit bureau, or with any check writing database (i.e., Teletrack ).

In the event you decide to affect one, I hereby revoke any wage assignment you may attempt to implement on this account. I am formally revoking any and all assignments of wages that I may have executed in the past in the course of obtaining credit from your company. As you may be aware, wage assignments are illegal in Ohio, pursuant to ORC ???? 1321.32, except in very narrow circumstances which are not present here. Even if such an exception existed, the assignment must be revocable to be binding and I am formally revoking this assignment accordingly.

As my wages are paid in Ohio, your ability to enforce such an agreement is subject to Ohio law regardless of any choice-of-law clause in my loan agreement and regardless of conflicts-of-law principles. My employer is not a party to our transaction and cannot honor such an assignment without violating Ohio law. Any attempt by your company to contact my employer, or any other third party, will be treated as a violation of the Right to Financial Privacy Act (12 USC ???? 3401 et seq.), the Graham-Leach-Bliley Act (15 U.S.C. ???? 6801 et seq.) and other applicable state and federal laws, including those relating to criminal harassment.

Effective immediately, please do not contact me via telephone or facsimile at home, at my place of employment, or at any other phone number on record. The only contact you may make with me is either through email, or the United States Postal Service. I demand that Upfront Cash, as well as any representative, parent company, affiliate, or subsidiary of Upfront Cash, cease and desist all contact with my employer, or any references I have listed on my account. Failure to do so will result in further complaints filed with the aforementioned agencies.

To reiterate, this is a formal revocation of authorization for you to debit my checking account on record, as well as any other accounts I may have, either now or in the future. . If you make any attempts to do so, I will be forced to take legal action against your company.

Please acknowledge receipt of this letter, and acknowledge acceptance of ???????? and willingness to adhere to ???????? the settlement described above in writing within 24 hours of receipt.

I look forward to an amicable resolution of this matter.

Sincerely,

*******

cc: Nancy H. Rogers, State of Ohio Attorney General
cc: Mark Shurtleff, State of Utah Attorney General
cc: Robert M. Grieser, Deputy Superintendent for Consumer Finance
cc: Federal Trade Commission
cc: ACH Commerce

Hi, I have a new question - I thought (and had been told by several people here on the forum) that 500 Fast Cash and ameriloan were the same company. But then I found goudah's thread that says they are not. Ameriloan is MNE and 500 Fast Cash is MTE? Is this correct? They are not affiliated? Because I was also told that Intercept was the processor for both and Bremer Bank was the bank for both. Now I'm not sure if that's true. Can someone clear this up? I am still looking for ach processor information for most of my pdls, and thought i at least had these two figured out...

Wow! Great job asm! That should get their attention!!

Thanks alias1958. Any suggestions? Or do you think it is okay as is?

It looks great to me the way it is, but since I'm not a PDL expert, hopefully some others will be along soon to put in their two cents!

500 Fast Cash and ameriloan carry the same IP address, with the exception of the last two digits. I would go ahead and call Intercept and give the info on both to Cindy. You can also have your bank check where the debits are coming from and that could be a help. I know that I questioned the affiliation a while back and there is also a post regarding MTE and MNE being affiliated. These guys are notorious for keeping some things "sacred" ie. their address, and they are on the same reservation in Oklahoma. In the midst of all the communications they have been receiving of late, who is to say that playing "PDL for a day" is not possible in an effort to "confuse" the situation even further. Hell, I was getting emails from Ameriloan refering to my UsFastCash account. They are so twisted in this THEY can't even keep their account straight. Again, intentional, or not? I would go ahead and make that call. You really have nothing to lose. You have to keep pushing buttons until you get the one that opens the door.

I need info onMNE..There address and afflites, or dba's thanks

I wanted to post a reply and to thank everyone on this site. It has been a wonderfur source of information and support. I live in ny. I started with 11 payday loans I stared with this site 6 weeks ago and after uitilizing the information provided i am not down too 4. I have recieved paid in full notices from loanshop and impact cash, 2 written off notices form paycheck today and cash advance network, made arrangements to pay off the principal only for 3 of the loans ( webpayday, sandpoint capital and tremont financial). I am currently dealing with advanced credit recovery regarding two of the loans CMG, and Midland financial. I have filed complaints with FTC, FCC, NYS Dept of banking and BBB regarding the violations of the fair debt collection practice act that was utilized ACR so i am awaiting response. The only one i have not heard from yet is bestcash advance but i did fax them a letter stating that they were illegal in ny and i have had several loans from them to which i overpaid by 1500. I did state i would be willing to pay the prinicipal for my current loan if they refunded my overpayment on my prior loans so we will see. My point is that it takes a perserverance and patience but you do get results. I will let everyone know what happens with ACR. [/quote][/samebox]