cashnminutes threatening phone call

Any further advice on this would be appreciated?

Patrick do not be worried by these people. They are using scare tactics in trying to scare you into paying. You cannot be arrested for not paying a debt, it is a civil matter. There are laws for pressing charges if you pass a bad check, but that is it. Did you produce a physical check or was this an ACH transaction?

I took back 5 ACH Debits. Are these crooks? Can they bring uniform officers and so forth? Do they represent CashNMinutes? I would like to pay back CashNminutes at least the principle in some sort of payment plan? What do I say to Travis Watson?

I could give you a good description of what you should say to a one Mr. Travis Watson, but I am quite certain that I would be banned from this board for the remainder of my sorry life! Is this an internet deal? Did you ever send them a C and D letter? Any individual has the right to revoke a ACH authorization, legal or not. They are strictly on a volunteer basis. How much did you borrow and how much did you pay back? Perhaps the answers to these questions would allow some additional help on what to do next.

So you had the transactions reversed at your bank?

Please provide the info LLW asked so we can get an idea of what we are working with.

I had 3 loans with cashnminutes for most of the year. I had one for $150, $200, and finally $300. Needing extra money for other debts, I placed an affadavit with my bank declaring these 5 NSF transactions were unauthorized. After I filed it, I had the 5 Reverse ACH charges back in my account, then I got the phone call from Travis Watson about a week later - about 2 hours ago. He is giving me until 8:00pm EST to make some sort of restitution.

Do not pay him anything. So you have current 3 current loans totaling $650 in principal? :? Have you paid anything on each?

They allowed you to take 3 loans out at once with same PDL company?

No, the loans were consecutive. I only have the $300 loan. So, is this guy a SCAM artist or someone representing CashnMinutes? I guess I will blow him off when we calls back threatening the next step of supposed legal action.

Ok I found some interesting info on this PDL. Please read this thread below.

http://www.debtconsolidationcare.com/collection-agencies/theft-arbitration.html

I read thru that thread before I initially posted. Pretty much confirmed everything right not to pay them anything?

So you basically paid off the loan and re upped right away? So now you are only owing $300? So you had paid $675 in "fees" and then they were taken back by the bank so in essence you have paid nothing on the last $300? BUT they want $1400 on a $300 loan? I am trying to follow the scenario here so correct me if I am assuming wrong. Is this loan illegal in your state? If it is, your $675 was way more than you owed to begin with. Morally, you should pay back the $300, even if it is illegal. Keep us posted.

I paid off the first 2 loans. I think I had the $300 loan since March, so I paid them back way more than $300 on top of the $675. I live in Virginia, cashnminutes is not a storefront, then charging way more than Virginia allows, so I assume they are illegal. It is now past 8:00pm, and I have not paid them any money.

So you paid the first loan off and then re upped. Then you paid the second loan off and th re upped and now you have the third loan for $300 to which you made 5 extension fees and then you had the bank reverse them. Is this correct. If I am understanding this correctly, I don't think you can apply what you paid for the first two loans, albeit, more than what you borrowed, to the last loan that you reversed the payments on. You cuold try but I am willing to bet it won't fly. They are all separate entities and you are now just working on the last $300 loan. Is this correct? If so, I think you will still owe the $300 but certainly not $1499! I don't know the laws of Virginia but someone will post them for you and advise as to the legality of these loans in relation to those laws. So, I see 8:00 has come and gone and you are still with us. You haven't been "downloaded" or arrested so this is a positive. Keep us posted.

Yes, I was paying extension fees on the third loan starting in March. I took back the fees from May onwards. Being threatened with arrest or being downloaded is just a scare tactic - this is a civil matter not a criminal matter. I am just looking for some advice as to what to say to Mr. Watson when he calls me regarding what happened to the promised payment of $500. What should I do or say?

Yes, I know that it is all a scare tactic. So it appears that you have made some payments on the $300 but took back the $675 you paid since May. So what EXACTLY have you paid on the $300? If it is more than $300, and it is an illegal loan, then I would tell him that the debt has been paid in full. If you still owe anything to clear the $300 then I would "offer" to pay that dollar amount only. You tell him what you told us. . . .you have already paid back the loan. . .end of story. It seems pretty cut and dry. You may have to do some battle with him but we've all had to duke it out with the PDLs. Good luck.

Travis Watson and LTA have taken their next series of steps. I received a message that I am going to be served a summons at home. Somehow, they called my boss and said I was going to be served here at work for the course of the next 10 days. Can they legally do that? What should be my next step?

I received another phone message that he is giving me until 12:30pm EST to make some sort of restitution or the summons will be to me at my work office. I have left a message to speak with my PPL attorney about this.

At this point, I don't have a clue as to what to tell you. I am still not sure where you have paid that debt in full or not. That to me would be the determining factor on what to do next. If it's paid, it's a moot point and I would get right on it to proof that it is. If it's not, then I would try to make some arrangements now. The other possibility is they are talking out of their rears and won't follow through. Good luck.

The history of my loans with CashnMinutes is the following. I took the first loan of $150 on 1/31, paid off the first loan on 2/14, requested a 2nd loan of $200 on 2/20 - requested that the 2nd loan of $200 be increased to $300 - so I have a 2nd loan of $300 - paid one extension on the $300, then signed an affadavit with my bank saying they were unauthorized, but in fact they were at the time. Went ahead - paid $50 towards the balance. They want me to pay $500 dollars by 3pm EST tomorrow. They now say that the case is more serious and I do not have a leg to stand on - now dealing with bank fraud relating to the number of unauthorized ACH debits taken back and possible perjury with my bank of which they seem to have a copy of my affadavit. They are now threatening bank fraud and perjury charges from fed level and the sister statutes of Virginia and Texas. I do not want them to come to my place of employment and ruin my life.

Okay, lets try this one more time. First loan was paid off. Second loan was taken out for $200 and then you added another $100 to make the total you are currently owing $300. You paid one extension fee on the current loan. Was that for $132 or a different dollar amount. You also paid $50 on the loan towards the principal. So if the fee was $132 and another $50 that makes $182 on a $300 loan. If they are illegal in your state then you would owe an additional $118. But, you stated that your bank reversed 5 $132 debits and gave you back $675. How can you get back $675 on a $300 loan if you only paid tops, $182 on it? You do have the right to revoke ACH authorization but the previous loan has nothing to do with the current one. I guess what they are saying is that you took back money which was theirs to begin with? As for the seriousness of this situation, I don't know to what degree that is but it seems that this is becoming something way bigger than I can advise on, and perhaps others might feel that way as well. I would suggest you speak with someone who has some "legal" authority where you live to try and help you sort this out. I hope you can find someone either on this board or outside of this board to help you with this dilemma. Good luck.

The 2nd loan was extended to $300 on 4/23. So, I was paying extension fees of $80 4 times between 2/20 and 4/20 on the $200 loan, and then $132 for the first extension fee on the final $300. So, I paid $452 plus $50 today to get them off my back till tomorrow for a total $502. I reversed 5 $132 ACH debits for $675 that were extension fees from mid-May to Mid-July - because I felt was paying them enough and I needed the $ back for other expenses, but said in the affadavit the ACH debits were unauthorized. Who do you recommend in legal authority I should speak with?

When you got the extension on April 23, how much would you be expected to pay in two weeks, if that was the time period you agreed to? If you didn't pay in full how much would the extension fee have been at that same piont in time. I trying really hard to follow this but it is getting very convoluted. The extension fee was $80 per charge, which seems a lot on a $200 loan. Then it jumped to $132 for $100 more. Are you sure that the $200 loan wasn't paid in full and then the $300 was an entirely different loan? If that was the case, then you have reversed all the payments you made on that $300 loan and basically still have a $300 balance. I would try to clarify this to be sure that you haven't made any mistakes in the accounting. It seems that you guys are not on the same page with this.

Patrick. . .that post above was mine. . . forgetting to sign in.

It seems like Patrick reversed charges/payments on a closed out loan. This can be dangerous :? Please clarify so we can beeter undertstand what was done here.

Thank you anayroberts. That is what I have been trying to say all along. I think the "third" loan was an entirely new loan, not just an add on. I'm with you on this one. I think he took back money which was applied to a previous loan. And you are correct, that could be very dangerous. Hopefully we will hear back from Patrick.

Yes LLW, it just sounds a little confusing. So hopefully he will return with more info so we can help him clarify what needs to be done.

If he did reverse charges on a paid off loan, then he might need legal advise :(

I'm not real sure about payday loans at all but reading this I agree with what the last few posters has said from what I'm reading of his story it appears he reversed payments on a loan that had been already paid and marked as closed. Which would not be good at all. Because he said he had reversed 5 payments I would think that would extend back to the $200.00 loan whcih from reading the posts appears to be a different loan then the $300.00 one. Hopefully he will come back and let us know how everything is going.


Johnita

Yikes,
The first thing I would do, is go back through my records and write down a time line. Start with taking out the first loan. Put down every date and dollar amount when money was taken out of your account toward the loan. Do that for any loands you took with this company. Then write down all the reversals you did too.

I'm not trying to be mean, but your posts are very confusing. Take a deep breath and try again, be as specific as possible, and maybe try a different format for your post: i.e:
Original loan $200
4/1 paid $80 extension fee
4/14 paid $80 extension fee..
4/28 paid $150 ($80 extension fee + $70 toward principle)

That might help some. But I"m not sure.
Good luck!
Jen

So whatever happened here? Original poster?

I'm sure we will hear eventually. Or maybe not.

:?

I wouldnt worry about it one bit. I believe you have overpaid them!

I just recieved the same type of threatning call. I live in Florida and the man threatened he was going to have all my references ordered to appear in court in Texas. He stated they were going to have my husband arrested. I told him no one defauted on purpose. We had to close the account due to theft. I told him to stop yelling at me do to I had a brain anuerysom a few months ago and I have brain damage and you need to talk slow. He kept yelling so I hung up. Can he do all this to us over $150.?

hello animalcrazy,first no they can't do any of what they did.second,i would look into your state laws in regards to recording calls.as i have stated none of what the maroon said
can or will happen.

I have taken a loan from cashnmintues and i know who travis is and travis is just a collector.He claims to be an officer of the court or something,but he is not.he is just a process server who is trying to collect the funds.Just let them try to take you to court.It is against the law to use scare tactics to trying to make or force to pay the loan.I cannot remember the civil code on this,but they cannot threat you like this.The reason i know is that i took out a loan from cashnmintues and they did the same thing.The called my reference and one of my reference that i put on my application was a federal agent who they called and try to get information and my friend the federal agent argued with them and told them to back off and other issues,but my point is they cannot take threatening issues against you.If they do report travis to the attorney general of your state.He is not a cop,nor a lawyer,travis is just a collector who is trying in inimate a law enforcement,but he is not.If he does report him.If they say they went to court and you have to pay the high fees.Tell them you want to see the paper work and judgement to verify it before paying the high bill.Everyone should complain to the attorney general in trying to close down cashnmintues website.The justices department is a good start for the complaint.Good luck everyone who took out a loan from cashnmintues.i will never do this again from them.