Two Internet Payday Loan Lender

Claused = closed BTW

What state do you live in?

Payday Loan Yes = $350
Outback Bucks = $200

No payments have been made either.

Iowa

In Iowa Internet payday lenders are not legal, either because of restrictive laws, or because the state does not license companies not located in that state, but requires a state issued license to lend.

Quote:

Payday Loan Yes Not licensed!
Oranyan House Shirley Street
P.O. Box SS 19935
Nassau, NA
Bahamas
8005506051 Fax -- 8006057419

Paydayloan-yes
P.O. Box 571992
Murray, UT 84157
(888)227-4638

Outback Bucks
6045 Shetland St
Silver Springs, NV 89429

Collections Dept is 866-630-2655
Customer Service at 866-659-0490. Fax 866-659-0498

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]

Alright Payday Loan Yes had agreed to take the original $350 principal back, but now my question is they won't take a money order and only western union. Is this known to be a safe method or not?

I work in one state (MN) where I originated the internet loan and I live in another (WI). The laws are unclear in WI - basically the company has to be licensed to collect the outrageous percentages - but they don't really talk about Internet borrowing, only regular payday loans. GFS and IC are both out of the country - they are a pain to deal with and have very deceptive practices for calling people (the same person will call with many different names....). Quickest cash advance uses a collection company in Kansas - so they are a little better to work with, but still - none of them will accept partial payments to settle the accounts (I've been trying to do so for a couple of months)! I didn't file them on my bankruptcy last spring because I wanted to pay them off - knowing that I was the one that took out the loans over time - and other circumstances have led to not being able to pay them off until my taxes come back next year (2009).
Which law applies to the loan - WI or MN?
ALso - the one guy that called kept asking about my personal references. Since the original loan was taken out, one of my references has had a stroke - how can I get them to not bother her? They also have threatened to garnish my wages, but the payroll department where I work will not allow it. I've tried explaining this to them and they continually harrass me at work.
What do I do?

Cheetahwind try a prepaid visa or mastercard that should work. Western Union is way to expensive.

I have a payment due on 12-26-08
Please just take out the $60.00

oldandintrouble, WI laws pertain to payday loans. As for Quickest cash advance, they are not licensed in Wi, therefore the collection agency is collecting on an illegal debt. However you will have to pay back the principal only. Don't let them talk you into paying anymore than that.

Internet lenders HAVE to be licensed in the state of WI.. period regardless of where they are.

If you have any question don't hesitate to contact WI DFI. They are great to deal with and will answer any of your questions. I have them dealing with Check'n'go.

Donna Smith, we are not a payday lender, rather a get out of debt community. Please contact your payday lender directly.

Cheetahwind,

Just pay them the principle back. There is nothing that they can do and unfortunately since internet loans are illegal in Iowa, the state can do nothing to help (This comes straight from a conversation with the Iowa State Auditor on Tuesday). Pay nothing more than the prionciple and as long as you live in Iowa, DO NOT borrow on-line again. If you should get into the position of needing cash, go to a legal storefront. They will be licensed by the state and you will pay approximately half what you were charged in the internet!!

oldandintrouble,

If your loan was at a storefront, you abide by the laws of the location of the store. If it was internet, most of the time it is the laws of your residence.

I just applied and did not receive any calls or anything, the money did not come and i tried to call with never any answer from anyone. I checked my accout today and the 300 was in there, but i do not want it how can i cancel, or how do you pay back?

Hi mezzime,

I would contact your bank and have them reverse the deposit.

is outbackbuck real my money never came through the bank yet i gave them all my information i ws really sceptical but i needed money fast

oh yeah all of a sudden you will have money and have no clue from where

can they call your job? i owe 251 so i just sent them check (via my bank) for 50 dollars?

i would also like the information on outback bucks where can i obtain it from?? I live in baltimore, maryland and i have also borrowed from them.

Payday loans are illegal in MD.

Please see the sticky at the top of this forum for information on dealing will illegal loans.

I have a payday loan with outback bucks did not even realize it until I saw they have taken out money from my account 3 times for $90 and one for $50 the original loan was for $300. are they a licensed company. can I stop paying them without them coming after me since I have paid back the original amount.

So if you lived in Iowa and you get an internet payday loan. Am I responsible to pay for it? eventhough they are not legal in my state? and what should I have to do not to take anymore money out on my bank account

my husband and I have some internet payday loans and we have been paying only the interest. I live in Iowa and some of the companies are:

mycash now- $560 for me

my cash now- $770 husband

pepper cash- $700

integrity advance (iadvance.com)-$500 me-have rolled over for almost 2 months and paid the finance fee every pay checks

integrity advance ( iadvance,com)-$500 husband-have rolled over for two months and paid finance fee every pay check

Community credit services-$500 + 125 finance fee

I would like to handle this without paying a company to handle for me...Please help!!! What are my options?:confused: