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pay day loans in mississippi

Date: Mon, 08/25/2008 - 13:21

Submitted by scolburn
on Mon, 08/25/2008 - 13:21

Posts: 5 Credits: [Donate]

Total Replies: 21


I have probably three pay day loans and I can't pay them right now. What can I do?????


Mississippi requires Internet based pdl's to be licensed by your state to be legally lending to Mississippi residents.

Quote:

Mississippi State Information

Legal Status: Legal (Applies to check cashers only)

Citation:
Miss. Code Ann. ???? 75-67-501 et seq.

Loan Terms:
Maximum Loan Amount: $400
Loan Term: Max: 30 days
Maximum Finance Rate and Fees: 18% of check
Finance Charge for 14-day $100 loan: $22
apr for 14-day $100 loan: 572%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: None (cannot renew or otherwise extend)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: NSF fee; Court-awarded fees (if disclosed)
Criminal Action: Prohibited (When check returned due to NSF)

Where to Complain, Get Information:
Regulator: Mississippi Department of Banking and Consumer Finance
Address: 901 Woolfolk Building, Suite A 501 N. West Street Jackson MS 39201
Phone: (601) 359-1031
Fax: (601) 359-3557
Regulatory Contact: Ronny Harrison,, Chief Examiner, Consumer Finance


lrhall41

Submitted by Shazzers on Mon, 08/25/2008 - 16:26

( Posts: 17344 | Credits: )


I'm not sure about 3B Financial, perhaps someone else can shed some light on it.

Zip19's aka ZIpcash mailing address: Unlicensed/illegal
Northway Broker Limited,
Level 8 Suite 3, Plaza Commercial Center, Bisazza Street,
Sliema, SLM15, Malta
Phone: 1-877-947-1947 (Toll Free)
Fax: 1-866-202-6498
Email Address: customercare (@) zip19.com

Total Lending Center Inc
1909 Surrey Ct
Columbia, MO 65203
573-446-9200

Total Lending Center, Inc. (I don't think they are licensed in MS.)
10975 Benson Dr Ste 350
Overland Park, KS 66210
913-491-5300
866-412-2369 phone
866-379-7667 fax


lrhall41

Submitted by Shazzers on Mon, 08/25/2008 - 16:33

( Posts: 17344 | Credits: )


I hope the information below will help you. :)
[quote]You are only obligated to pay back the principal amount you borrowed from an unlicensed/illegal Internet Payday Lender.

What should you do?
Close your account asap, if you are unable to close your account, go into your bank and ask to speak with the Branch Manager, tell him/her you need a hard debit block placed on your account immediately! Explain that you are revoking ACH authorizations from unlicensed/illegal companies, and have learned these companies are notorious for ignoring revocation, therefore it is important to BLOCK any withdrawal attempts on your account to protect your interest. This is your privilege, do not accept no for an answer. The following link will provide you important information regarding closing accounts. CLICK HERE

What next?
AFTER your account is secure send each pdl (the unlicensed and illegal) an email similar to THIS (please scroll down to locate letter template). Tailor this letter to your needs, and try to write it with the same basic concept in your own words. You will need to research and locate email addresses/physical addresses if you don't already have them, I suggest that you type the name of the pdl (example: "oneclickcash address") in the search box in the upper right hand corner of this forum. You may also search for addresses HERE at the Better Business Bureau.

File complaints: Most of the time, you can file a complaint online with the following, I encourage you to follow through with doing so, you will need to search the Internet for your state Attorney General's website, however, here are links to file complaints for the FTC, Online complaints: Federal Trade Commission., and the BETTER BUSINESS BUREAU.

Keep in mind that you may not receive a response for days, or even weeks, or, you may receive harassing and threatening phone calls. I have found the best way to deal with this is not to respond or reply, simply hang up.

Side note: If you have paid an illegal/unlicensed payday lender above and beyond the principal amount you borrowed, it might be a good idea to demand a refund and a paid in full letter/receipt. You may or may not get one or both. It still doesn't hurt to include that tidbit in your letter. :)[/quote]


lrhall41

Submitted by Shazzers on Mon, 08/25/2008 - 16:34

( Posts: 17344 | Credits: )


I have a payday loan with total lending and arrowhead investments, these are both internet pay day loans and I put stop pmt on them after already paying in total for the both close to 2500$. they just keep refinancing and I live in MN and see by our law, these loans are not able to be rolled over and they have rolled my loan over a million times. My question is, I got a call from PDM (Pheonix debt management) that stated they were garnishing my wages if I didn't make arrangements with posted date pmts to pay them right away. How will I know if my loan had a wage assignment or what it entailed of?


lrhall41

Submitted by on Tue, 08/26/2008 - 09:54

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I have 3 payday loans in ms, one for 300, one for 200, and one for 100. I am in default on all 3, can i go to jail for this. I am 2 weeks behind on the 1 and 2 hundred loans, and a couple of months on the 300.


lrhall41

Submitted by on Sat, 01/03/2009 - 12:01

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I have made a huge mistake and I have 3 payday loans out. Two of the payday loans, I have to pay in full, then redo the loans, write new checks and get back the difference. The other one I just bring in the fee and rewrite a new check. I am already having a hard time because of this situation I got myself into. I will be getting back money from my student loan and can pay them off in full Feb 10th but they say no. I live in Mississippi. I just don't want any jail time from this. I have never been late on a payment and I have paid back beyond what I borrowed over and over.


lrhall41

Submitted by on Tue, 12/22/2009 - 13:38

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I have seven payday loans on the internet. I have not been able to pay due to time off work. I have closed my account for ACH transactions. Some of the PDLS are sending falsified check numbers trying to get large amounts of money out of my checking account but no money is there. The bank is charging me for non sufficient funds. Can you tell me are these PDLS llegal. I have paid them at least ten times or more of what I owe them. Here they are: 500fastcash, OneClick, TenDollar Payday Loan, Eastside Lenders, ThinkCash(Delaware Bank & Trust), Cash In 30 Minutes, and Star Cash Processing.
Please Help! Thank you. I live in Mississippi.:(


lrhall41

Submitted by Ann Thomas on Wed, 12/30/2009 - 20:35

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Quote:

Originally Posted by Ann Thomas
I have seven payday loans on the internet. I have not been able to pay due to time off work. I have closed my account for ACH transactions. Some of the PDLS are sending falsified check numbers trying to get large amounts of money out of my checking account but no money is there. The bank is charging me for non sufficient funds. Can you tell me are these PDLS llegal. I have paid them at least ten times or more of what I owe them. Here they are: 500fastcash, OneClick, TenDollar Payday Loan, Eastside Lenders, ThinkCash(Delaware Bank & Trust), Cash In 30 Minutes, and Star Cash Processing.
Please Help! Thank you. I live in Mississippi.:(


Hi Ann and welcome! It would be a great help if you would start your own topic and provide the following information:
-Names of each pdl company.
-Whether they are store front or Internet.
-How much you borrowed.
-How much you paid so far.
-The state in which you reside.


lrhall41

Submitted by Shazzers on Thu, 12/31/2009 - 07:37

( Posts: 17344 | Credits: )


I have been receiving calls from Affidaivit Consolidation Service(coolection agency or something) about me defaulting on a payday loan--saying I borrowed $300 but I have to pay back $508 to settle out of court. They are Indian accent guys and the number shows up on my phone as 011000000000 but then they leave me a message with another number. I think they are from the Florida area but I haven't been able to find anything out on them other than all the comments that they are scammers.


I'm kinda lost, upset and nervous about this threat of going to court and all. Can someone help me ease my mind with this. I looked at my bank statements and it doens't show anything deposited from the company they are representing (Advanced Cash USA)--that's who they say I have the loan with.

So, can someone give me some advice on what to do?


Thanks


lrhall41

Submitted by on Fri, 01/15/2010 - 13:26

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I have been receiving calls from a collection agency called Affidavit Consolidation Service, they are calling for Advanced Cash USA. They say I took out an online payday for $300 but if I want to not be served or go to court I can pay $508.

I looked at my bank statements and there is nothing showing from this company. the number that shows up on my phone is 011000000000 but they leave me another number to call...it shows up as a Tampa, Florida number. They have Indian accent with American names.....

I'm very nervous, worried, and scared about this but like I said there isn't anything showing up on my bank statements.

Can you help me with this issue? The only thing I can find about ACS is negative comments on-line. No address or phone number other than what they give you.

Can I be served papers, got tp jail?

Please, I need some advice.


lrhall41

Submitted by on Fri, 01/15/2010 - 13:45

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Quote:

Originally Posted by Anonymous
I have been receiving calls from a collection agency called Affidavit Consolidation Service, they are calling for Advanced Cash USA. They say I took out an online payday for $300 but if I want to not be served or go to court I can pay $508.
I looked at my bank statements and there is nothing showing from this company. the number that shows up on my phone is 011000000000 but they leave me another number to call...it shows up as a Tampa, Florida number. They have Indian accent with American names.....
I'm very nervous, worried, and scared about this but like I said there isn't anything showing up on my bank statements.
Can you help me with this issue? The only thing I can find about ACS is negative comments on-line. No address or phone number other than what they give you.
Can I be served papers, got tp jail?
Please, I need some advice.


The answer is no, you can't go to jail for owing a debt! Will they serve you papers, the chances are slim to none. Next time they call, tell them they need to follow the FDCPA collection laws and send you a letter of collection thru the mail, otherwise you have nothing more to say and have no idea what they are talking about. If they continue to call, don't answer it or hang up, don't even give them the time of day, the more you talk and argue with them, the more they will call you.


lrhall41

Submitted by Shazzers on Fri, 01/15/2010 - 14:20

( Posts: 17344 | Credits: )


I have been receiving calls from Affidavit Consolidation Service, they are representing Advance Cash USa. They're saying I took a loan out for $300 but if I want to keep it from to court I could pay $508. the so called loan was taken done in June 2009--my bank statements do no show that a deposit from Advance Cash USa. They are Indiand speaking accents with American names. I've done research on ACS on the web and there's nothing but bad comments......mostly saying they are scammers. They are saying I will be served papers and have to go to court if I don't pay it.

Can someone tell me if this ACS is for real? The number shows up as 0110000000000 and then they leave me a voicemail with another numeber 813-319-2653.

Loast , scared and confused. I'm from Mississippi......they said I took it on-line, but I did take some out on-line just not with this company.

Thanks


lrhall41

Submitted by on Sat, 01/16/2010 - 09:41

( Posts: | Credits: )


Quote:

Originally Posted by Anonymous
I have been receiving calls from Affidavit Consolidation Service, they are representing Advance Cash USa. They're saying I took a loan out for $300 but if I want to keep it from to court I could pay $508. the so called loan was taken done in June 2009--my bank statements do no show that a deposit from Advance Cash USa. They are Indiand speaking accents with American names. I've done research on ACS on the web and there's nothing but bad comments......mostly saying they are scammers. They are saying I will be served papers and have to go to court if I don't pay it.
Can someone tell me if this ACS is for real? The number shows up as 0110000000000 and then they leave me a voicemail with another numeber 813-319-2653.
Loast , scared and confused. I'm from Mississippi......they said I took it on-line, but I did take some out on-line just not with this company.
Thanks


It doesn't even sound real to me, but if they are they will follow the FDCPA. Before they can serve you papers to go to court they will need to send you a dunning letter (letter of collection) in the mail, this should have been done within five days of their first initial contact with you, according to the federal laws. I would not negotiate or believe anything by anyone via a telephone conversation, I request everything in writing, it's your right.


lrhall41

Submitted by Shazzers on Sat, 01/16/2010 - 10:59

( Posts: 17344 | Credits: )