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Help! Payday loan Disaster!

Date: Tue, 12/30/2008 - 09:30

Submitted by anonymous
on Tue, 12/30/2008 - 09:30

Posts: 202330 Credits: [Donate]

Total Replies: 9


I mistakenly applied for too many online opayday loans. Things were going well and I was making the payments until fraudulent checks came through my account (supposedly for Platinum Services from Premier Financial - never heard of them and I didn't authorize it). Anyway, two checks came thru w/o my signature, my correct address, and with a check number of 7 digits - I'm still using a 4 digit check number). The amounts were relatively small (49.95 and 39.95), but caused a domino effect with my legitimate bills and NSF bank fees totaling $328, not to mention the fees from the companies, like the lights, rent, cable, etc.

The bank closed the account, so now I am trying to make payment arrangements with the loan companies (CashTransferCenters, Ameriloan, PrimePayday, UnitesCashLoans, OneClickCash, PaycheckToday, and CashStarGroup) Only two of these are for $400, two for $300, two for $200 and one for $150. I'd like to pay them off, but I can't do them all at once.

Has anyone been successful in making payment arrangement with any of these companies? It has been difficult getting an address to send the money orders. All have been contacted twice via email (which I keep to show that I have made the good faith effort to pay my debt). Any information would be helpful. Thanks!


What state are you in? Most of your lenders are illegal and not licensed to lend in the U.S. I can tell you that usually an illegal lender is difficult to negotiate with, however, you are in the drivers seat when it comes to this because all you are obligated to pay them is the principal amount you borrowed from them to begin with. They will and lie and threaten you with all kinds of crap when you notify them you have learned of their illegal status. Keep in mind that illegal/unlicensed lenders have absolutely no power to do anything to you in a court of law.


lrhall41

Submitted by Shazzers on Tue, 12/30/2008 - 09:35

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Dispute the checks that came thru with your bank and ask them to give you copies of the checks that were submitted or if it was via electronic debit/check, then ask them for info on
"who" submitted it. That may lead you closer to the company that did it. Then find out where the area code tracing leads you to (which state) and contact the State or Federal Trade Commission to report fraud on your bank account. It usually won't help much but does prove you tried to locate them.


lrhall41

Submitted by on Tue, 12/30/2008 - 09:47

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This forum has really helped to ease my mind. I was terrified! I have really learned my lesson and once I am finished paying what I owe, PDLs will be a thing of the past for me. I have read and found that most of them are illegal in Florida. I have printed my bank statements and will add up what I have already paid to figure out what I still owe or if I am legally finished paying them the principal. I wish I had seen this forum before I made the first loan. Thanks again for your help!


lrhall41

Submitted by on Tue, 12/30/2008 - 18:15

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Florida requires Internet based pdl's to be licensed by your state, however, Florida is known to have payday loan companies acting as CSO's (Credit Service Organizations). This means they do not need to be licensed, and are generally 100% legal in what they charge.


Florida State Information here
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html


lrhall41

Submitted by Shazzers on Tue, 12/30/2008 - 19:59

( Posts: 17344 | Credits: )


Cash transfer Center is illegal and based in Canada and Malta.
Cash Transfer Centers
Email: customercare(at)cashtransfercenters.com
Fax: 866-809-4069
Level 8 Suite 3
Plaza Commercial Center
Bisazza Street
Sliema SLM15, Malta
phone: 1-866-958-3278
fax: 1-866-809-4069

Ameriloan is not licensed anywhere in the U.S.
3531 P Street NW Miami, OK 74355
Phone 800-362-9090

PrimePayday- Unsure about this one.

United Cash Loans are part of MNE and are not licensed anywhere.
UCL (800) 279-8511
3531 P Street, NW
PO Box 111
Miami, OK 74355

One Click Cash, are unlicensed/illegal to lend in any state in the US.
One Click Cash
52946 Highway 12
Suite 3
Niobrara, NE 68760
Fax 1-800-803-9136
Ph: 1-800-349-9418
compliancedepartment(at)oneclickcash.com

Paychecktoday (Illegal/Unlicensed)
515 G NE
Miami, OK 74354-8224
1-866-756-0600
fax at 1-800-671-0131

CashStarGroup- Unsure about this one.


lrhall41

Submitted by Shazzers on Tue, 12/30/2008 - 20:06

( Posts: 17344 | Credits: )


Thanks for the information. After a review of my bank statements (I printed them out), I see that I overpaid Oneclickcash by $155 and Paychecktoday by $60. I plan to send another letter requesting a refund and PIF letter. Also, I only owe Unitedcashloans $50, and I already have the money order. I have two addresses for them - one is in Carson City, NV and the other is in Miami, OK. Anyone know which one is correct?


lrhall41

Submitted by on Tue, 12/30/2008 - 22:06

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