SSM Group/OSL Should I pay them at all?
Date: Sun, 01/04/2009 - 03:57
Hi, all,
I am new to this site and happy at all the infor mation have I found on SSM/SJM/OSL/SUMMIT GROUP/PLATINUM B, FTR Processing,
i found these companies are all linked and claim to be in the West Indies.
In december I checked my account that I had nt used for some months, only to find that i owed $190 in overdraft charges.
I gound out that it had come from SSM Group. The bank gave me their number to call them.
I called them and they told me i had taken a payday loan with them, stating that they had sent me emails (which I was not aware of) and called my house number and left messages. I never talked to anyone of their representatives or confirmed the PDL.
I remember applying for a pay day loan in OCT, but i was rejectied because i was not working at the time. I was never approved of a payday loan to my knowlegde.
I call OSL/SSM Group, the first number doesn't work but the second one does. They tell me i have to pay because i agreed to the loan through clicking the accept buttom on some payday loan form. I dont know what they are talking about.
Furthermore... the operator i talked to, told me when he sent the emails confirming my pay day loans, so i went to my email box and found the emailfar into the begining of October. I never opened them or saw them. but I got 4 emails for 2 different payday loans companies, but i know they are the same or connected because the sender address is the same. The last email has a written attachment stating that i wont be given a payday loan unless i speak with one of their representatives to confirm my information.
I never got a call from these people or read any of their emails.
I told one of their representatives this, and he said he will need the information, I sent it to him. He sent me a copy of the document, stating they do not need my reply to my email or a phone call to confirm the PDL and it would be deposited into my account. He sent me that copy of "what they sent me in OCT" I checked my email files and that particular letter was never sent to me at all.
I checked my account and saw in OCT $100 was deposited in my account.
They have racked up $240 in overdraft charges on my account and their interest rate is twice what is is for the state of WASHINGTON. they are charging me $30 every 2 weeks, on that $100 they deposited in my account without my consent.
Also I checked OSL and SSM and all their branches and found that they are not registered or do they have a payday loan license in WASHINGTON STATE.
I talk to a lawyer and he said i should close my account and talk to them to drop the loan but I should still file a complaint to DFI and the FTC.
He said that i may not be obligated to even payback the principal amount that they deposited in my account.
They have not gotten one penny from me.
I am angry and frustrated that those leeches would try to suck me dry. I don't want to pay them anything, even the principal. I even want to demand that they pay the overdraft charges to my account.
What can I do? And do I have to pay them back, they are asking for $250 now.
I am new to this site and happy at all the infor mation have I found on SSM/SJM/OSL/SUMMIT GROUP/PLATINUM B, FTR Processing,
i found these companies are all linked and claim to be in the West Indies.
In december I checked my account that I had nt used for some months, only to find that i owed $190 in overdraft charges.
I gound out that it had come from SSM Group. The bank gave me their number to call them.
I called them and they told me i had taken a payday loan with them, stating that they had sent me emails (which I was not aware of) and called my house number and left messages. I never talked to anyone of their representatives or confirmed the PDL.
I remember applying for a pay day loan in OCT, but i was rejectied because i was not working at the time. I was never approved of a payday loan to my knowlegde.
I call OSL/SSM Group, the first number doesn't work but the second one does. They tell me i have to pay because i agreed to the loan through clicking the accept buttom on some payday loan form. I dont know what they are talking about.
Furthermore... the operator i talked to, told me when he sent the emails confirming my pay day loans, so i went to my email box and found the emailfar into the begining of October. I never opened them or saw them. but I got 4 emails for 2 different payday loans companies, but i know they are the same or connected because the sender address is the same. The last email has a written attachment stating that i wont be given a payday loan unless i speak with one of their representatives to confirm my information.
I never got a call from these people or read any of their emails.
I told one of their representatives this, and he said he will need the information, I sent it to him. He sent me a copy of the document, stating they do not need my reply to my email or a phone call to confirm the PDL and it would be deposited into my account. He sent me that copy of "what they sent me in OCT" I checked my email files and that particular letter was never sent to me at all.
I checked my account and saw in OCT $100 was deposited in my account.
They have racked up $240 in overdraft charges on my account and their interest rate is twice what is is for the state of WASHINGTON. they are charging me $30 every 2 weeks, on that $100 they deposited in my account without my consent.
Also I checked OSL and SSM and all their branches and found that they are not registered or do they have a payday loan license in WASHINGTON STATE.
I talk to a lawyer and he said i should close my account and talk to them to drop the loan but I should still file a complaint to DFI and the FTC.
He said that i may not be obligated to even payback the principal amount that they deposited in my account.
They have not gotten one penny from me.
I am angry and frustrated that those leeches would try to suck me dry. I don't want to pay them anything, even the principal. I even want to demand that they pay the overdraft charges to my account.
What can I do? And do I have to pay them back, they are asking for $250 now.
Hi Kylie, Because these companies are out of the West Indies,
Hi Kylie,
Because these companies are out of the West Indies, they are illegal, they shouldn't have lent to you at all. I would do as your attorney suggested, close the account and report them to the BBB, FYC & Attorney General.
Normally I would state that you should pay back what was borrowed, but in this case, you didn't ask for the money and they have already cost you more in OD fee's than the loan was for. Be prepared for phone calls & emails, once they realize that they can't get into your account anymore, they will start. There is a letter you can send them, I will post it in a second along with an address for them...
Here is an address for them and the letter I was talking about.
Here is an address for them and the letter I was talking about. You would need to tailor it for your needs:
Quote:
Here is some info for SSM: SSM GROUP LLC Customer Service Phone: 1-866-463-2130 Customer Service Fax: 1-866-264-9532 Roxy found another number: This is what I found researching the site....SSM and SJM are the same so here is an address I found SJM/Platinum B Services PO Box 558 Shawnee Mission, KS 66201 1-866-722-2770 Fax 1-866-599-5161 To Whom It May Concern: After doing research on internet payday loan laws in the state of Connecticut, I have found that your internet payday loans are actually illegal. I have also found the following laws to be true applying to payday loans in the state of Connecticut in general: Legal Status: Prohibited Citation: Usury act applies or small loan act applies. Conn. Gen. Stat.?? 36a-563 Small Loan Rate Cap 30.03% apr or $17 per $100 up to $600; $11 per $100 up to $1,800; add-on interest. I have contacted the Connecticut Office of Financial Institutions and the Connecticut State Attorney General's Office regarding your internet payday loans and was informed they are indeed illegal in Connecticut and was advised to pay what is due according to principle amount only of the loan. To date, I have paid $525.00 DOLLARS on my $250.00 DOLLAR loan. The legal amount that could have been charged to my loan is the principal amount of $250.00 DOLLARS even if your internet pay day loan was legal in Connecticut. I have paid $525.00 DOLLARS on this loan by your debits of my bank account. Please mark this account as PAID IN FULL. I demand that any contact be made through US Postal mail or email only. I will need everything in writing to keep accurate records of all communication as per instruction from my state Attorney General's Office. I prohibit you or your affiliates to contact me via telephone at my place of employment or my home telephone number. I also prohibit you from calling my references listed on my loan. Once I inform you of this, you must stop the telephone contact immediately or you will be once again breaking the laws of the state of Connecticut. You are also hereby notified that I am revoking any voluntary wage assignment I may or may not have signed. I no longer authorize you, your company, or your affiliates to attach any part of my wages or contact my employer for your collection purposes. I am revoking your right to debit my checking account any longer. You, your company, or your affiliates are not authorized to debit my checking account at all. Please be aware that I have informed my financial institution of this situation and they will also be receiving a copy of this correspondence. Any further attempts at debiting my account will be rejected by my financial institution. I must also inform you that I have filed complaints with the Better Business Bureau, the Federal Trade Commission, and my state Attorney General's Office. I expect a response from your company no later than 5/2/2008, regarding this matter. This response may only come via US Postal mail or email. No telephone contact is permitted. Thank you, |