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Ameriloan/Usfast cash not responding. now what?

Date: Tue, 12/23/2008 - 13:48

Submitted by rahmyers
on Tue, 12/23/2008 - 13:48

Posts: 31 Credits: [Donate]

Total Replies: 8


they are ignoreing me i sent them revoking debit auth by: email, certified email, fax, certified mail, there contact us thing on both there home pages and my account. neither responded over 10 days!
I have of course already closed my account and informed my bank. signed papers for stop pays and another one revoking auth?
I think they are puropsely ignoring my emails so they can debit my account on the 31st. What can I do now?


as long as your account is closed.you do nothing.they will attempt to debit the closed account.then they will contact you.how much did you borrow and how much was debited by each of these illegal pdls?


lrhall41

Submitted by paulmergel on Tue, 12/23/2008 - 14:04

( Posts: 15514 | Credits: )


I have 2 PDLs online
ameriloan borrowed $350. Paid the rollover fee of $105 four times, then paid $155. and the next month $140 for rollover fees plus pay down by $50. For a total of $715.

Usfast cash borrowed $400. paid rollover fee of $120. four times for a total of $480.

plus I have previously payed down till paid off and reloaned with both these companys

I live in Montana where I'm pretty sure these 2 companys are illegal. Mt does not accept rollovers and loans cannot be for over $300.


lrhall41

Submitted by rahmyers on Tue, 12/23/2008 - 14:12

( Posts: 31 | Credits: )


judging by the rollovers and amounts thereof.you owe these places nothing more.being as these places are illegal you only owe the principle borrowed.all supposed fees go toward the loan.do not let these places tell you otherwise.again you owe them nothing more.


lrhall41

Submitted by paulmergel on Tue, 12/23/2008 - 14:14

( Posts: 15514 | Credits: )


it's my pleasure.anytime i can help someone understand how these illegal places work it makes me happy.


lrhall41

Submitted by paulmergel on Tue, 12/23/2008 - 14:23

( Posts: 15514 | Credits: )


I logged on to both ameriloan and usfastcash, both my accounts said
Next payment due:
amount due:
:?:
Both listed my december 1st pmt as the last one recieved which is good since i closed my bank account and blocked them around december 15th.
Since neither listed an amount due or even contacted me what do you think? Oh also I had a certified email re-opened and deleted on the 31st? Are they just trying to make me sweat it out?
I was tough with them and sent a letter stateing MT code on pdl laws. I also included recent additions to the code stateing my right to sue them for illegal practices, to recover my overpayment and more :
"Private right of action: Any violation this act constitutes an unfair or deceptive trade practice. Consumer can sue for actual and consequential damages, and statutory damages of $1000 per violation plus costs and attorney???s fees. Consumer can also seek injunctive or other equitable relief and bring the case as a class action. Remedies are not intended to be exclusive. Criminal/civil penalties: Any person who knowingly violates the act is guilty of a misdemeanor and is subject to a fine of not more than $1,000 or imprisonment not exceeding 6 months or both."
Finally, please be advised that I am not above taking legal action against your company. Your interest fees, multiple rollovers, and loan amounts exceed the maximum allowed in the state of Montana."

I also included: this quote from this site
"If the internet payday lenders are offering loans to Montana residents or engaging in business in this state, they must be licensed by this state. They may need to be licensed as a deferred deposit lender or consumer lender depending on the products they offer. They need to contact the Banking and Financial Institutions Division for licensure. See banking.mt.gov/

Let me know if you need any further information.

Sincerely,


Kelly O'Sullivan
Legal Counsel
Montana Banking and Financial Institutions Division
Telephone: (406) 841-2935
Fax: (406) 841-2930"

I also let them know they were in no way licenced in Montana and gave them the website address.

Do ya think I scared them?


lrhall41

Submitted by rahmyers on Sat, 01/03/2009 - 15:06

( Posts: 31 | Credits: )


I logged in to both Ameriloan and USFastcash websites and they marked my account on there as paid in full on the 6th and 7th What does that mean? Is that a tactic to get me off their back? I also asked for a refund. Neither has responded any way but to do this.
Also I called my bank and they told me there's been absolutely no activity on my old account.


lrhall41

Submitted by rahmyers on Wed, 01/07/2009 - 12:11

( Posts: 31 | Credits: )