I need help with my payday loan - NOT PAYING THEM!
Date: Tue, 03/17/2009 - 09:47
Mycashnow.com
Here are loans I've had in the past with them (All paid off)
JAN 16, 2009 28 440.00 paid back 554.70
DEC 19, 2008 42 440.00 paid back 743.14
OCT 24, 2008 14 440.00 paid back 497.35
OCT 10, 2008 14 440.00 paid back 497.35
SEP 26, 2008 28 450.00 paid back 567.31
AUG 29, 2008 28 410.00 paid back 516.88
AUG 01, 2008 32 440.00 paid back 589.81
JUN 12, 2008 28 450.00 paid back 517.03
JUN 05, 2008 27 450.00 paid back 517.03
MAY 23, 2008 28 450.00 paid back 584.06
APR 25, 2008 14 210.00 paid back 304.69
MAR 14, 2008 22 310.00 paid back 391.64
FEB 15, 2008 21 310.00 paid back 361.95
FEB 01, 2008 9 220.00 paid back 256.87
DEC 21, 2007 32 210.00 paid back 402.59
NOV 09, 2007 70 410.00 paid back 894.64
AUG 03, 2007 134 410.00 paid back 967.89
FEB 02, 2007 64 300.00 paid back 569.99
NOV 24, 2006 88 200.00 paid back 406.15
AUG 18, 2006 108 300.00 paid back 653.78
APR 14, 2006 99 220.00 paid back 431.85
The current loan I borrowed $440
JAN 16, 2009 440.00
Withdrawals from Your Bank Account
Finance Charge FEB 13, 2009 114.70 completed
Extension Fee FEB 27, 2009 81.93 completed
Extension Fee MAR 13, 2009 81.93 completed
Return Check Fee MAR 17, 2009 25.00 pending
Payment on Principal MAR 13, 2009 440.00 completed
Loan Summary
Original Loan Amount: 440.00
Deposited to your Account: 440.00
Deposits Pending: 0.00
Fees and Finance Charges Paid: 278.56
Fees and Finance Charges Pending: 25.00
SUBTOTAL: 743.56
Payments Made (718.56)
BALANCE DUE (pending): 25.00
They were able to debit my account for the $82 interest, (and overdrafted my account) but my bank denied the $440 debit. So mycashnow.com has emailed me saying they want their money. They want $440 plus $25 for the returned fee.
What am I to do now?
Go close my bank account? How can I if it's in the negative? Can I ask them to just give me a new account number?
How do I keep them from calling my work? I'm so scared they will call my job.
What else should I do?
Thanks.
Payday Loans are illegal in the state of NY. [url=http://www.
Payday Loans are illegal in the state of NY.
[url=http://www.paydayloaninfo.org/state_detail.cfm?id=NY]Here are your state laws.
You can go here and start reading up on the steps to take.
The bank my not let you close the account but they can put a hard block on it to stop all ACH debits.
Re: Payday Loan
:0(
I just realized I have paid them $11,227$ on $7510$ loaned.
I feel like an idiot.
When you send the template letter I would demand a refund at lea
When you send the template letter I would demand a refund at least on the current loan.
I know it hurts but you are not an idiot. A LOT of us have been there and paid way over what we legally obligated to do.
That is why were are here not to help others.
Re: Payday Loan
Has anyone ever had any luck with them refunding overpayments? I am not confident I can just send a letter asking for my $3500 back and they'll just say "okay" lol
I have had over $1500 refunded to me by PDL companies and I live
I have had over $1500 refunded to me by PDL companies and I live in VA. A little advice to help is you have your state laws on your side and you have your DFI in your corner. Also remain persistent. File all the neccessary complaints with your AG, BBB, and DFI. This will give you a little more leverage. :wink: Best of Luck!
Re: Payday Loans
What is DFI? Sorry.
Also, can people give me their experiences with Mycashnow.com Specifically?
Here are other threads about MyCashNow. Link and Link You
Here are other threads about MyCashNow.
Link and Link
You can find more if you search for mycashnow in the seach box.
DFI = Department of Financial Institutions
Queen you are not alone like nohiogal stated we have all been th
Queen you are not alone like nohiogal stated we have all been there. I have never added up the dollar amount I have over paid these companies because I dont want to know, I am sure I would make myself sick. Ask for a refund but if you dont get it move forward and dont look back. Just know you will be pdl free and how good that will feel.
Questions...
Everyone talks about sending "The letter" but I'm not finding the letter I should be sending these people...
Can someone please help me what the best letter to send out is?
Thanks. I called the bank and I have to go in in the morning and do the permanent ACH block - it will cost me $15
I told them it was for an illegal payday loan, but they didn't seem to offer any other advice? Thanks.
Questions...
I'm confused about one thing - the NY State law says:
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.
So isn't this saying that because it IS a "Paycheck loan advance" then it IS okay to do in New York State?
"A check casher licensee cannot make loans nor cash or advance any moneys on a post dated check unless it is a payroll check."
It is my payroll check that they are "loaning" me on...
Help?
You can read more here. That link is to the New York state de
You can read more here.
That link is to the New York state department of banking and the information on payday loans.
The loan is on an ACH withdrawl from a bank not your paycheck. You paycheck may be deposited but the PDL does not know or care where the money comes from they are only debiting a bank account. That is a payday loan and is illegal.
My Cash Now
HELPPPP
Sent stuff to My Cash Now Chattanooga TN. And so did Better Business Bureau.
Got returned that the address is bad...
NOW WHAT?
What address do you have? I will search to see if I can find ano
What address do you have? I will search to see if I can find another but I don't want to find the same one you already sent stuff to.
They are not located in the US but they have a collector that th
They are not located in the US but they have a collector that they deal with.
Credit Protection Depot, Inc.,
4601 West Sahara Ave., Suite 1
Las Vegas, Nevada 89102
Larry Frutkin
c/o Nevada and Offshore Business Formation
711 S. Carson St, Suite 4
Carson City, NV 89701
Here is also an email to send the letter to.
support(at)mycashnow.com