Thank goodness I found this site!!!!
Date: Mon, 01/26/2009 - 14:29
As we all have fell on hard times at one time or another; I too chose to the PDL and thought that 1 won't hurt and then 1 led to 3 and several more!! I had no clue that these companies were or could be operating illegally!! I am in TN and here is a list of my PDLs:
Cash Direct Express powered by GECC Bal 113.85
PayDayOne Bal 1089.00 Rolled Over
Upfront Payday Bal 585.00
US Fast Cash Bal 390.00
Huskhawk Group Bal 390.00 Paid 90 in fees
SDS Bal 390.00 Paid 90.00 in fees
CMG Bal 390.00 Paid 90.00 in fees
I of course have processed these all thru the internet. I have been reading the threads about closing accounts, etc. I have two accounts that I have had for quite some time. However if in TN it is legal to close and reopen; I am willing to do this to stop the madness.
I also had a problem with a FREE TRIAL and have had no success in cancellation of this free trial so I had already thought about closing my account. The bank placed a stop payment on the charge and the company used another "name" to get around the charge!!!!
Please comment with suggestions and how to proceed from here!! Thanks so much for your time and efforts! I know that I have learned my lesson!!!
Angela S
I would put your account on a hard debit block or close them. B
I would put your account on a hard debit block or close them. Before doing anything make sure your money is safe. Someone will be along to post your state laws soon.
You can CLICK HERE to look up your laws. Some of yours aren't le
You can CLICK HERE to look up your laws. Some of yours aren't legal lenders in your state, another thing I would like to point out is TN allows an Internet based payday loan company to lend legally as long as it is licensed in any US State. They would need to follow the laws of the state they are licensed out of, not the state the consumer is in.
Cash Direct (GECC) - I believe they unlicensed/illegal. This i
Cash Direct (GECC) - I believe they unlicensed/illegal.
This is for Cash Direct Express/GECC:
Tracy L. Callaway
(302) 737-0926 ext. 302
(302) 737-3873 - fax
tcallaway(at)geccloan.com
CashDirectExpress
Phone: 866-432-2562
Fax: 866-432-2736
Email: Info(at)CashDirectExpress.com
US Fast Cash- I think they are a part of MTE which would also make them illegal as well.
USFastCash
3531 P Street NW , PO Box 111
Miami, OK 74355
Attention: Collection Department
Upfront Cash is unlicensed/illegal
Upfront Cash
223 West Bulldog Blvd.
Provo, Ut.
I hope the information below will help you. :) You are only obl
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]
Sorry about that, I had to run for a bit, most of the others are
Sorry about that, I had to run for a bit, most of the others are legal but you will need to find out where they are licensed, let me do some double checking.
Payday One is legal, I'm not possitive but I don't think Hushhaw
Payday One is legal, I'm not possitive but I don't think Hushhawk is legal, you can type the name of the company into the search box which is located in the upper right hand corner of this forum, that will bring up some information, then you will need to read through some of them and see what you can find out about them.
I'm not sure about the other two- SDS and CMG, what does that stand for?
You will need to make some type of payment arrangements with the
You will need to make some type of payment arrangements with the legal lenders, perhaps someone else will know something about the other two and have some advice for you, about them. If you are closing out your account there is no way ANY lender (legal or not) can debit your account, and that's a good thing. Just ask Payday one if you can send payments (by money order) through the USPS. I wouldn't give out my new account number to ANY of the lenders, pay them all by USPS, with money orders.
By the way, take care of your legal lenders first, and only pay
By the way, take care of your legal lenders first, and only pay back the principal amount you borrowed to the illegal lenders, that is all you are obligated to pay them. Don't pay any interest or fees to the illegal lenders, only what you borrowed, period.
bank accounts
Hey guys,
Went today and closed both accounts and feel a big relief from that! The banks were very accommodating. Now to get the letters sent to the PDLs. Should I call them or just fax the letter to them with the ones that I have fax numbers to? Thanks again for the help!
Angela
Payday max - Also known as Credit Protection Depot Illegal Pay
Payday max - Also known as Credit Protection Depot
Illegal
Paydaymax
support (@) CreditProtectionDepot.com
You can do either. Fax, mail, email them. I faxed and emailed
You can do either. Fax, mail, email them. I faxed and emailed mine.
How should I go about telling these PDLs that they are illegal i
How should I go about telling these PDLs that they are illegal in my state? (TN)
I'm also glad I found this site
I have such a heavy burden, with sleepless nights lifted off my shoulders! Thanks to everyone who helped with answers. I wish we as a group could do something about these illegal lenders.
Quote:How should I go about telling these PDLs that they are ill
Quote:
How should I go about telling these PDLs that they are illegal in my state? (TN) |
You need to send them a letter stating they are illegal and that you are only willing to pay the principle of the loan.
Here is a sample letter. You need to tailor it to your own needs, personal information and loan information.
[quote]Date:
Name Of PDL
Your Name
City, State
Account #
After doing research regarding Internet payday loan laws in the State of _______, 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 _____ in general:
Your State Information
[Paste State Law here]
I hereby revoke any and all ACH authorizations with your company from debiting any of my personal accounts, per Federal law, Regulation E Section 205.10 Preauthorized transfers. I have closed my account with the XXXXXX to protect my interest in this matter, per instructions from The _____ Department of Finance. I also revoke any and all wage assignments I may or may not have signed with your company, 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 have notified my employer about this matter so any attempts to do so on your part will be rejected.
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 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.
Due to the fact that Internet payday loans must be licensed in the state of ____ to be a legal and binding contract, your company should NOT issue loans to ____ residents at all. I am requesting that you send me your license number which enables you to offer loans to ____ residents.
The legal amount that could have been charged to my loan is the principal amount, even IF your Internet pay day loan were legal anywhere in the U.S.. I am willing to pay the principle amount of the loan only, however, this is only if you provide me with a physical address where I can send payments.
I must also inform you that I will be filing complaints with the Better Business Bureau, the Federal Trade Commission, and the ____ Attorney General's Office.
I expect a response from your company no later than 5 days from the above date regarding this matter. This response may only come via US Postal mail or email. No telephone contact is permitted.
Sincerely,
Your Name
CC:
Better Business Bureau
Ohio Attorney General
Federal Trade Commission[/quote]
You can fax, email or send certified USPS or all three. I only emailed mine.
For PayDay One you can send them just the ACH and wage assignement revocation part of the letter.
Quote:
I hereby revoke any and all ACH authorizations with your company from debiting any of my personal accounts, per Federal law, Regulation E Section 205.10 Preauthorized transfers. I have closed my account with the XXXXXX to protect my interest in this matter, per instructions from The _____ Department of Finance. I also revoke any and all wage assignments I may or may not have signed with your company, 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 have notified my employer about this matter so any attempts to do so on your part will be rejected. |
You can email it to them. They are really easy to work with and their customer service people are the nicest you will ever deal with. They do accept payment arraingments.
