Help!!

New York State Information

Legal Status: Prohibited

Citation:
Licensed lender law applies but interest rate is that agreed to by contract. N.Y. Banking Law ???? 340 et seq. A check casher licensee cannot make loans nor cash or advance any moneys on a post dated check unless it is a payroll check. N.Y. Banking Law ???? 373. Criminal law sets the usury cap at 25%. N.Y. Penal Code ???? 190.40.

Small Loan Rate Cap
25% per year

Where to Complain, Get Information:
Regulator: New York State Banking Department
Address: One State Street New York NY 10004
Phone: 1-877-BANK-NYS
Fax:
Regulatory Contact: Regina A. Stone Deputy
http://www.banking.state.ny.us/

Write a letter of ACH Revocations to each of your lenders, give copies to your bank. Also talk to your branch manager and let them know that you got scammed by internet payday lenders and ask for a block.

Sapphire, internet pdls are prohibited in NY. The are not going to be licensed thus they are operating illegally.

The first thing you need to do is stop them from accessing your money. The best way to do this is to close your account. Please read this before you close your account.

http://www.debtconsolidationcare.com/paydayloan/close-account.html

Also, do not tell the pdl's you are closing your account or they will try to debit what they think you owe. Once you have taken care of your account or if you have trouble, let us know an we can guide you on the next steps.

I have closed my bank account. What are the next steps?

hi sapphire,

Here is some more info for you, all pdl's are prohibited in NY. Here is a breakdown of your pdl's:
EZpayday - owe's you $485
Oneclickcash - owes you $660
Ameriloan - you owe $30
M1Y - you owe $100
read
http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html

Here is a copy of the letter you can send to the PDL's, you need to update it for NY and your info:

Sample letter here
http://www.debtconsolidationcare.com/forums/revocation-letter.html