Payday loan question
Date: Mon, 09/08/2008 - 06:09
Submitted by tiffanicjackson
on
Mon, 09/08/2008 - 06:09
Total Replies: 11
Thanks (glad I found this site, great information on numerous subjects!)
reply
yes you can,i would also take care of your bank too.make sure these pdl's can't debit.then file AG,FTC and BBB complaints.
Thanks a lot! Just needed to make sure I had my information str
Thanks a lot! Just needed to make sure I had my information straight.
Is there a sample letter somewhere in these forums that i could
Is there a sample letter somewhere in these forums that i could look at for guidance?
Try this one, tailor it to your needs. :) Quote:Date: Name
Try this one, tailor it to your needs. :)
Quote:
Date: Name Of PDL Your Name City, State Account # After doing research regarding Internet payday loan laws in the State of _______, I have found that your Internet payday loans are actually illegal. I have also found the following laws to be true applying to payday loans in the State of _____ in general: Your State Information I hereby revoke any and all ACH authorizations with your company from debiting any of my personal accounts, per Federal law, Regulation E Section 205.10 Preauthorized transfers. I have closed my account with the XXXXXX to protect my interest in this matter, per instructions from The _____ Department of Finance. I also revoke any and all wage assignments I may or may not have signed with your company, I no longer authorize you, your company, or your affiliates to attach any part of my wages or contact my employer for your collection purposes. I have notified my employer about this matter so any attempts to do so on your part will be rejected. I demand that any contact be made through US Postal mail or email only. I will need everything in writing to keep accurate records of all communication as per instruction from my Attorney General's Office. I prohibit you or your affiliates to contact me via telephone at my place of employment or my home telephone number. I also prohibit you from calling my references listed on my loan. Due to the fact that Internet payday loans must be licensed in the state of ____ to be a legal and binding contract, your company should NOT issue loans to ____ residents at all. I am requesting that you send me your license number which enables you to offer loans to ____ residents. The legal amount that could have been charged to my loan is the principal amount, even IF your Internet pay day loan were legal anywhere in the U.S.. I am willing to pay the principle amount of the loan only, however, this is only if you provide me with a physical address where I can send payments. I must also inform you that I will be filing complaints with the Better Business Bureau, the Federal Trade Commission, and the ____ Attorney General's Office. I expect a response from your company no later than 5 days from the above date regarding this matter. This response may only come via US Postal mail or email. No telephone contact is permitted. Sincerely, Your Name CC: Better Business Bureau Ohio Attorney General Federal Trade Commission |
of course
you bet,just scroll down.on the right of your screen almost on the bottom you will see under the community chat a bubble with the heading ALSO SEE.one of the topics is sample letters.
that should give you what you need.
pay day laws in new jersey
I have a loan that i defaulted on, when i notified this companyto let them know that i needed another arrangement, they denied me that chance... Now, someone calls me out of the blue to tell me that i owe double what was borrowed. He never gave me the oppurtunity to make a payment arrangement. and went into a joint checking account that i have and took out money. he fraudelently documented his records to say that i agreed to an amount, and now the company is telling me that there is nothing i can do to stop them from taking money out of my account, even though i told them that they don't have the authorization to do so. does anyone know , or have any advice on what i can do.???
Do you know the name of the company doing this? You can go to yo
Do you know the name of the company doing this? You can go to your bank, speak directly to the Branch Manager and fill out a formal dispute on the amount stolen from your account, then you will need to either close out that account and get a new one, or place a hard debit block on it, only the Branch Manager can assist you with a block. It's very important that you secure your money asap!
Thanks to everyone who answered my previous post. I've sent the
Thanks to everyone who answered my previous post. I've sent the letters and filed reports with the necessary agencies and this is what I have received from one of the IPDL I had a loan with:
September 17, 2008
Tiffani Jackson
Tiffani,
A complaint was received from the BBB regarding a loan you had applied for from Loan Shop Online. I appreciate your patience and cooperation as we are attempting to reach an agreement to close your account.
Ever since you requested this loan, both parties have followed the terms of the contract. This was meant to be a short-term loan but I understand that you may have not been in a position to repay the full balance all at once. I realize that the fees can accumulate and add up to a rather large balance. I apologize for any frustration you have experienced throughout your repayment process. I believe it is in the benefit of both parties to simply close the accounts today and cease any attempts to debit from your account for extension fees in the future.
If this is agreeable to you, please sign and fax the attached release at your earliest convenience. Please retain a copy for your records. The attachment to this email is a release agreement that indicates you have agreed to end your dispute by having your account closed immediately.
Your account will be closed IMMEDIATELY upon receipt of the attached release form and you will no longer be held responsible for any balance in connection with this matter.
There absolutely will not be any collection activity taken against you and this email is meant to confirm that in writing.
This email and the attached release form combined are written records that neither of us will continue to dispute the matter with the other. You will have no future obligation to make any payment regarding this matter.
My contact information is included below so, if you have any questions or concerns about the release or any other matter regarding your account, please feel free to contact my office anytime.
Sincerely,
William Mashburn
LoanShop Online
I checked my account today and they also refunded me the NSF fees they incurred on my bank account and some of the finance fees I paid.
I wanted to throw this out here to see what advice I get on this
I wanted to throw this out here to see what advice I get on this. One of my loans as mentioned before is with Impact Cash. Well I sent them my letter and they basically responded that they can collect on this loan and that I now owe $490, disregarding what I sent them about KY state law. They sent me another email saying they would close my account if I sent them $120. I have already paid them $270 in fees on a $300 dollar loan. What advice can anyone give me on how to respond? I personally think I should only give them the $30 I owe them. Thanks