Cash Transfer Center

nope they are not,how much have you paid to them total?

Nope, nada, no-way, no-how, nil, zip, uh-uh, for-ged-a-boud-it!!! :)

Hi Jennifer,
You need to take a direct approach with CTC. First send them letters revoking their infamous "Wage Assignment" ASAP! Then send letters stating your proposal to pay principal ONLY, also send C&D letters as well. Make sure to send all letters certified with return receipt. You can also fax and email them these same letters.

Do not communicate with them telephonically, they can be quite nasty after they figure out your gameplan :? So try and keep communication documented if you can. They are ILLEGAL and based out of Malta, so you have the upperhand with them. They are not licensed anywhere in the US.

I dealt with them only through email and USPS. They settled with me for principal after they had no means of collecting otherwise(wage assignment). Stay strong and firm with and make your intentions clear. Best of Luck :P

P.S.
Please ensure that your bank account is closed or you have a hard debit block on your account. They will try to debit it any means necessary. :roll:

Seriously, tho...CTC is no legal. I believe they are located in Malta and are not licensed anywhere here in the US...therefore, they are not licensed to lend and will have no recourse in trying to collect from you.

They are ruthless in their calls (to friends & family too) and will sell your loan to (I forget the name) a collection company. Just DV it and if they are not able to validate the debt, then they can't collect. If they report it to any CRA's, dispute it and it will come off.

wow thanks everyone!!

I borrowed $750 but now they want $1050 which is the finance fees. Its due on July 21 and I am not going to have it. :(

where can I get the wage assignment letter? is that the same as a garnishment??!!! :(

Jen, you want to revoke any wage assignment. You can use the search button above or just tell them you revoke any and all wage assignments and debtits from your account.

I would also give a copy to your payroll department.

Wage assignments are voluntary and can be revoke at any time. Don't let them tell you otherwise.

An assignment is voluntary. A garnishment is court ordered (so they must sue you first to get a garnishment).

Thank you all. I will get the letters out asap. Any ideas on how to word them. I am a dunce when it comes to this sort of thing.

Jen. . . once you get all your paperwork in order, that would be your C and D letter which covers EVERYTHING you ever wanted to say to them, you can either fax, email or snail mail all that info to the following contact.

Northway Financial Corporation Ltd.
Steve Reay
Floor 8 Suite 3, Plaza Commercial Centre, Biazza Street
Sliema (MT)
SLM15
+356-21322461
[email]js@blizzardi.com[/email]

Keep us posted.

Shazzers posted a good letter that seems to cover everything in another post:

http://www.debtconsolidationcare.com/paydayloan/ach-revocation-letter.html

And there's no need to feel embarrassed. You are among friends here, and most (or all?) of us have problems with debt. That's why we're here!

If you decide to close your bank account, be sure to read this information:

http://www.debtconsolidationcare.com/paydayloan/close-account.html

Good luck!

You all are incredible!

thanks for all the support. tonight my project is to draft the letters and send it out tomorrow.

Jen. . I pm'd you. If you get a chance check you inbox.

Wow you guys are all over this one :) Great job!!

Jen if you have anymore questions, don't hesitate to ask.

Again, many thanks for making me feel less alone and a whole lot better about my situation. It is good to know that there is help.

Hey Jen. . no problem. This will be over before you know it. Having support from this board is key.

I've filed a complaint with the Financial Consumer Agency of Canada against Cash Transfer Center.
I've included the internet link and maybe the more complaints they get, the more they'll look into this company.

www.fcac-acfc.gc.ca

I really appreciate this thanks a lot.
This site is full of useful info

Yes, it is!!

I filed a complaint with the BBB in Canada and they outright lied to them. Even forged documents by switching dates. They told the BBB they would no longer contact me - of which I have in writing and sure enough I got a call from a collection agency last Monday. Instead of listening to their BS - I told them I had a letter from them telling the BBB that they have ceased all communication and contact with me and for them (collection agency) to loose my number or else I would go after them. I went as far as telling them they are not legal in the State of California or the USA to lend so again loose my number unless they plan on refundig my money. The guy finally said "ok we won't call you anymore" - good don't because the next person that calls me is going to hear the same thing...

The follow excerpt is from the US BBB Site. Having had some experience with this company, I implore each and everyone of you to stop dealing with these people and then acting surprised to find out what snakes they are. My heart goes out to everyone on this site, because I have been where you are, it does get better, but stop putting yourselves in this pain-it just isn't worth it. In any case, here is the excerpt...please think twice before getting involved with these folks:

Customer Experience -Based on BBB files, this company has an unsatisfactory record with the Bureau due to unanswered complaint(s).

The BBB of Metropolitan Washington, DC and Eastern PA can no longer process complaints on this firm because it is no longer located in our service area. The Bureau's mail to this company has been returned as undeliverable. This firm is headquartered in Malta. To file a complaint on this company, please contact the FBI Internet Crime Complaint Center (IC3)