FTC charging Cash Today, Ltd and such!!

Thats great! :) That's why everyone should keep up with reporting the companies that are not operating legally. :)

Wahoo, thanks for the update!!

How do you figure we'll get money back? From my understanding the FTC is just going to fine them. Whether he pays or not is another story.

ftc.gov/opa/2008/11/cashtoday.shtm


All I can say is: about FRIGGIN TIME!!!!!!!!!!!

And it looks from reading this release that Route 66 also got the good word...

The FTC is seeking damages and 100% refunds. I am actually a person involved if there should be a trial. I have evidence against them. Most likely, they will be forced to settle....it will be in the millions what they owe. Pretty much; it is an illegal loan...so, ANY payments made...including fees should and will be refunded. The FTC told me this what they are after. And, they usually are good at that. They may not be able to shut them down (local UK officials are working on that), but they can drain them of finances.

Woohoo!!

Okay but my next question is, they have refused to pay NV anyway when the state sued them (or was it someone else?) for 50k what makes the FTC think that they're going to get money out of these guys?

And how will we know if we're going to get money (Provided they do actually pay?)

The FTC is federal....and THE most powerful consumer group in the world. The are FEDERAL. The have won several cases. If Cash Today does not comply or they lose the trial...they will be forced by the courts to pay. The state cannot do anything. When Nevada did this a while ago...they did not have all the info about Cash Today....The FTC has almost everything you can think on the company...even I do. Trust me...we won this. It WILL take a while since there are ALOT of people affected by this.

Hopefully other illegal deceptive companies will get wind of this FTC decision and stop what they are doing. I would love to see them go after these CA's that collect for these scum bag Pdl companies.

I completely agree. The main reason this action is so important is because hopefully, it sets a precedent for the FTC to go after the other offshores out there--and I really hope that Sonic, Northway and Cast Transfer Centers are next. I also had a Cash Today Loan, which I did pay off, and if I get a refund, great--but if this means that other offshores will be shut down, frankly, that's better. Let's end this Cancer before other people get hurt by these PDL's.

I had a loan with them, paid it off, and then they were calling me saying I owed them $3,000 for a loan I never paid off. They are unbelievable. I hate payday loan companies, and will never deal with them again.

Larry good for you that is the smart thing to do. The desire to end the cycle is strong in all of us but sometimes the means makes it so difficult. I have been working on mine for several months now, the process is slow but rewarding when you see the light at the end of the tunnel and the number of loans you have start dwindling down.

The above was me Kstaff I forgot to log in.

You should only use a PDL as a last resort and only once. Live within your means and make sure that if you do take the loan, you can pay it back on your next payday...NO MATTER WHAT!

I have seen too many people go down in flames using PDL's like a credit card.

M. Martissa
President - Options Plus Financial Services, Inc.

I found his number on here. 07973 377 915 For those who've been called multiple times at work (as I have), you should all now call and harass this Aaron Gershfield criminal mastermind and ask him how it feels. Better still, ask him how he'd like to pay for his $200 loan!