Help

We need more information before we can address this:
Your state.
Amount borrowed.
Amount paid back.
Name of PDL.
Internet or Store Front?
Thanks!!

i see you provided two of the four.please list the following.

the name of the iternet pdl
what state are you in?

it depends on your state,this could well be illegal therefore not only do you not owe.they owe you a refund. please answer those two questions.we can more than help here.

He already said that the loan was 400.00. He paid back 740.00 and the name of the pdl was GRC. He also mentions that he took the loan om line which means it was an internet loan

Well, I'm dumber than a rock today, can't help it! :lol:

That doesn't tell us what state he is in. We need to know so that we can look up the state laws for that state.

I live in Ohio. The place is called GRC Funding

GRC, is that Geneva Roth? If so, they are NOT licensed to lend to Ohio residents. In fact, the amount of interest you were charged pretty much says whoever they are, they are NOT legal. Payday lenders can only charge 15.00 per $100.00, so, in actuality, this company owes YOU anything above and beyond $400.00!!

Oh nevermind, GR Funding is over charging you in interest fees!!

How do i go about getting this settled they keep taking $120 out of my bank account every two weeks. What should i do?

sry yes its Geneva Roth

I hope the information below will help you. :) Close you account asap!! That is the only way to stop them!
You are only obligated to pay back the principal amount you borrowed from an unlicensed/illegal Internet Payday Lender.
[quote]
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]

I took a online loan of $400.00. They are taking $150.00 every two weeks, i have paid a total $600 on a $400 loan and i guess is only interest. I need help, what can i do? I live in California.



Thanks
Maria

Based on the amount of the loan alone, I can tell you it's illegal. It's a $400 loan and the max for California is $300. What company is it and we can check to see if it's licensed or not.