PDL in Michigan - HELP PLEASE!!!!!
Date: Wed, 10/08/2008 - 23:32
US Fast Cash (loan 400) - fee is 30 per 100 (rolled over one time (total paid is 120.)
Payday Max (loan 550) - (rolled over 3 times - total paid $336.49 (131.67, 102.41, 102.41 and this week was supposed to pay 152.41 but closed my account)
BIG (loan 225) - fee is $40 (been paying fee since December of last year and paid a total of 1020.00- by Michigan Law is this considered paid and should i get a refund?) How do i address BIG - i believe they are illegal.
Web Payday (loan 475) fee is $118.75 (was a loan for 725.00, paid 181.25 three times, then paid down loan by additional 250.00, then had a fee of 118.75 (total fees paid 662.50 but total on loan including my 250 payment is 912.50)
ameriloan (loan 200) fee is $60 (first payment would be this week) $0 pd to date
Nationwide (loan 500) fee is $75 (total paid in fees so far is 225.00)
Sonic Payday (loan 200) total due is $251.96 (all is due this week but i'm broke if i pay it and rents due)
Little Loan Shoppe (loan 450) 10 payments of $135.00 (have made 2 payments now totalling 270.00
Any suggestions are welcomed.
It doesn't look like ANY of these are licensed in Mi., if I'm wr
It doesn't look like ANY of these are licensed in Mi., if I'm wrong about that someone please correct me. One way you can be sure is to call the Michigan Office of Financial and Insurance Services at (877) 999-6442 and ask them, that's what I would do to be positive! Payday lenders must be licensed in your state to be operating legally.
Payday max - Also known as Credit Protection Depot
Paydaymax
support (@) CreditProtectionDepot.com
B I G Payday
1005 Terminal Way STE 102
Reno, NV 89502-2179
Telephone: (877) 282-5450
Fax: (877) 762-7350
big-int.com
Web Payday is not licensed to lend anywhere in the U.S.
WebPayDay
320 West 200 South, Suite 350-B
Salt Lake City, UT 84101
Phone: 1-800-814-5451
Fax: 1-800-814-4960
ameriloan
3531 P Street NW Miami, OK 74355
Phone 800-362-9090
'customerService@nationwidecash'
Nationwidecash.com
314 North Riverside Drive
Espanola, NM 87532
Sonic Payday and Northway Financial Corporation, Ltd.
Level 8 Suite Plaza Commercial Centre
Bisazza Street
Sliema SLM 15 MALTA
little loan shoppe???
Nelson, Dee
1801 W Broadway
Suite 201
Spokane, WA 99201
us
+1.5093288600 Fax: +1.5092321108
Loan Shop
E-Care/Sonic Payday/Cash Transfer Centers/Loan Shop/Northway Credit (these are all one company)
13696 104th Avenue
Surrey, BC Canada V3R 1V9
I hope the information below will help you. :) You are only obl
I hope the information below will help you. :)
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]
Thank you for your help. My employer is writing me a check tomo
Thank you for your help. My employer is writing me a check tomorrow just in case and the bank wants me to return tomorrow. They are willing to work with me in case these loans sneak in somehow (even though we closed it out) so at least i have that going for me. I will definitely pass this web site on to friends that i know are in the same rut. You guys are truly a blessing and I really appreciate everything!
