Need PDL Help in CA..... PLEASE!!!

Almost all of those are illegal/unlicensed.

Some I will need to do more checking into.

You can do this by yourself and should because they are illegal you have already paid some of these off.

For illegal lenders you only owe the amount borrowed.

Let me do some checking on the companies I am not sure of.

You can do this on your own and as nohiogal stated most of your loans are illegal. I know she will be back with her findings. When I first started the process I had 15 loans so please do not feel stupid we have all been there and we are not here to judge anyone just help as many people as we can realize they are not alone and there is help.

You do not need to hire a company. Hang in there.

ACC / The Cash Spot - unlicensed
Borrowed 300, paid 535, they say I still owe 187.50

Clearwater Bay Marketing / Namakan Capital - unlicensed
Borrowed 300, paid back 810, they say I still owe 390

Eastside Lenders - unlicensed
Borrowed 300, paid 735, they say I still owe 195

National Cash Lenders - unlicensed
Borrowed 300, paid 655, they say I still owe 105

PayDay Max - unlicensed
Borrowed 1000, paid 452, they say I still owe 1186

Cash Transfer Centers -unlicensed
Borrowed 1200, paid 0, owe 1524

Cash Central -Legal
CashNet USA - Legal
Ace Cash Express Legal
Borrowed 255, owe 300

United Cash Loans - unlicensed
Borrowed 300, paid 90, they say I owe 390

3B Payday - unlicensed
Borrowed 300, paid 180, still owe 390

Payday Loan Yes - unlicensed
Borrowed 350, paid 210, still owe 455

You will need to close you account.

You can go here and start reading up on the steps to take when dealing with illegal lenders.

We can help guide you along the way.

It is really better if you do this yourself as illegal lenders do not usually work with consolidation companies. If they do they want the whole amount that they are not legally due.

ACC / The Cash Spot, Clearwater Bay Marketing / Namakan Capital, Eastside Lenders, National Cash Lenders, United Cash Loans, 3B Payday, Payday Loan Yes.

All those companies owe you major refunds geez. Please, please close your bank account ASAP.

You will need to contact the LEGAL lenders to try and set up a repayment plan. If you borrowed $255 from all of them, then you can hopefully set up an EPP to break up the payments. So you are looking at about $75 for each loan every payday.

Definately secure your account first so you can gain control of your funds.

Ok.... I just have a few questions.

I have been reading about how to deal with the illegal / unlicensed lenders. I am terrified that they will contact my family or place of employment. Once I send the letters telling them to only email me or correspond by mail, will they comply with that request?

If I do set up payment plans with the legal lenders, I won't have enough money to paydown the other (unlicensed) lenders the rest of the principal I owe for about a month and a half. Will they wait that long?

On the ones that I have overpaid..... is it hard to get them to close my account as paid?

They will not comply. They are illegal and will try all kinds of threats and scare tactics.

The ones you have overpaid may give you a PIF and then they will stop calling. Others are harder to deal with.

If you are worried at work I would explain that you are a victim of fraud, not a lie, and that you are working with your bank and getting your account closed but these companies are harrassing you for a debt you do not owe.

I would always deal with the legal lenders first. The illegals ones can just wait.

Agreed, the Legal lenders needs to be tended to first before you default.

Your Illegal lenders are all overpaid. So you are done with them. Do not worry about paying anymore fees. They are not licensed in your state and most are ILLEGAL period. Meaning they do not even hold a valid license to lend.

However when you stop paying the Illegal lenders they become aggressive in their collection tactics. Read THIS for dealing with Illegal lenders.

Also you can read HERE on learning some of their tactics used in collecting.

Great advice you guys!!!!!!

Yes, thanks for all of your advice.

I guess I'll be writing a bunch of letters tonight so I can email / send them out tomorrow.

To anyone who has pulled themselves out of this trap.... how long did it take? Did the lenders put the info on your credit report?

I never had anything reported *knock on wood* :wink:

I was out in 3 months. Most of mine were way overpaid like yours. You are in pretty good shape, just stay positive and hang in there :P

When you have overpaid they seem to give you a PIF easier. The ones that you still owe some balance on are the ones that seem to hound you as they are missing out on al those illegal fees and rollovers.

At least it seems that way.

One of my loans says "Namakan Capital" on my bank statement when the recurring fee of 90.00 comes out every two weeks. i seem to remember that originally the person who called me referred to their company as Clearwater Bay Marketing. Has anyone else dealt with this company? Are they the same?

Another question..

Will the legal lenders (Cash Central / CashNet USA / Ace Cash Express) work out a reasonable payment plan given that my payment defaulted yesterday?

Most legal lenders will be they can be snotty about it. Since they can't get their money through the ACH they are more willing to work with you. Most want new bank information but do not give that to them. The best way to make payments is with a prepaid Visa.

Clearwater is unlicensed as well.

Of your legal lenders, Ace is the most aggressive IMO. I would try to work with them first.

Ace can get nasty, so I suggest getting a proposal together before contacting them. That way they cannot try and bully you into paying them someting you cannot aford.

Cash Transfer Centers, along with all of the Sonic Companies, have been banned by California from doing loans to residents. So this means that not only is this loan illegal, they committed an infraction even lending to you!
They are going to harass you and try and invoke their wage assignment letter, that I am sure you signed to get the loan. This was the one that gave them permission to go into your check should you default. You need to immediately revoke that letter with your HR or Payroll person. That should be the first thing you do at work tomorrow. They are famous for that letter, so I would do that first thing.
If they threaten you in anyway, immediately file a complaint with the California Dept of Corporations--who will be interested to know that Cash Transfer Centers is loaning to California residents, I am sure. Keep us posted, OK?

Ok....

So far I have been bombarded by calls from Cash Central but I am not answering them. I sent them and email requesting a payment arrangement. No response yet.

I got an email from 3B about the missed payment. I sent them an email similar to the suggested letter found in the sticky about dealing with illegal internet PDL's. I told them I would repay the principal amount owed by MO if they give me the address. No response yet.

I also sent similar emails to ACC / The Cash Spot, Eastside Lenders and National Cash Lenders... but since I have way overpaid them I requested my account be marked PIF and that I be sent a refund of the overpayment. No response yet.

I emailed Payday Max and CTC, telling them a lot of the same but since I still owe them some principle I offered to make payment arrangements through the mail or by Visa (prepaid). Also no response yet.

I got an email from ACE Cash Express saying that my loan is in default and is being sent to a collections agency called CSO. Has anyone dealt with them?

Any other suggestions?

I am in the process of going through this myself. I sent letters via fax & email to all of the PDL that I had (7) and I follow up everyday. I know they have recieved my letters because I can no longer log on to my accts via internet. So I will keep you updated and let you know how it is going with me ( I too, live in Ca). Now, I do have 2 legal loans (Cash Central & Pay Day One), both were very friendly and allowed me small extentions to payoff my balances. Cash Central canceled my ACH and I am paying them via Money Gram and Pay Day One 'extended' my due date and IF I don't pay then will do ACH withdrawl. I DO plan on paying these first since they are legal and were so very cooperative. Now, as for the illegal ones, this remains to be seen. I have over paid 3 of the 5 illegal and 2 of them I have not over paid. I am willing to pay the $86 on one and $110 on the other to equal the amount owed but thats it. I will pay my initial amount but not their rollover fees. Good luck and keep us up to date. Maybe between my experience and yours we can help each other!
PS- I have a question for you- one of my PDL is with Payday Max. Does anyone have an actual email address for them. All I had was a fax number.

I did not find an email but I found the address

Name: PayDayMax
Phone: (403) 770-8760
Fax: (403) 770-8760
Address: Box 13, 918-16 Avenue NW
Calgary, AB T3M 0K3
Website: http://www.paydaymax.com

I sent my email to Payday Max at..

[email]CustomerService@paydaymax.com[/email]

I think it went through because it has not yet been returned to me. I got it off an email that they had previously sent to me. If it comes back I will let you know.

Just an update:
I got an email regarding Eastside Lenders..... they said that they can not refund me the amount that I have overpaid but that they are willing to settle the account for $100. According to them, the balance that I owe now is $250, but if I pay the 100 they will mark my account PIF. I emailed them back and said that, since their loans are illegal in the State of CA, I no longer wish to engage in illegal transactios with them and if they can not refund me any money then at least they could mark my account as paid in full. My original loan amount was for $300, now, after paying them $735, they say I still owe $250? Has anyone else dealt with this company?

I would still push them for a complete refund and a PIF. if they refuse then tell tehm you are going to get the AG involved.

Another question:

Everyone here receommends that I not only send the lender my wage assignment revocation letter, but also to send a copy to my payroll department. Well, I work for a LARGE employer (fed gov) and trying to find the right place to send that is a nightmare. Has anyone had experience with this?

For a wage assignment revokation to be enforced it needs to be delivered to both parties. the lender and your employer/hr/payroll

so if you need to call up HR and ask them where you would send something like that.

Find out what address is actually on your check stub and send it to that. That is where your HR is--My husband was paid out of Denver, and he also worked for the Federal Gvt.

I have filed reports with the BBB online for a lot of the illegal lenders, although I don't know if that helps. I also started filing complaints with the State of CA Department of Corporations for the illegal lenders. This is very time consuming.... but I admit I feel a lot better about this than I did a week ago knowing that I wouldn't be able to afford this weeks payments. I appreciate all the help you all have provided me with. I wish I would have done this sooner. I hope this works.

You have taken such a huge first step! And the Dept of Corporations will help, especially with CTC, as they are clearly ignoring the cease and desist from the State.

Update.....

I just got an email from National Cash Lenders. They have marked my account PIF. YES!!!!! One down, ten to go!

I would highly suggest to ANYONE out there that if they are in this trap they should start fighting this... you can do it!

YAY! Good for you. Stick with it!

Don't let them get a dime more then what they deserve.

CONGRATS!!!! :D

Another update....

Payday-Loan-yes called my boss at work. They left a message stating that they are from "First National" and that they are calling about me. I had already sent them the email telling them not to contact me or anyone else by phone. I just filed complaints with the BBB and FTC about them. I will next file a complaint with the CA Dept of Corporations. I have been reading the HORROR stories about people dealing with PDL Yes and First National Services......... has ANYONE had any success? Any help is appreciated!

If your boss is cool about the call then good, but if not you can always say there was fraud on your account, which is true, and there is now an illegal company seeking to take your funds and that you are working with your bank to clear up the matter.

I have never worked with that company, hopefully another member has that can give advice.

Another Update:

I received another email from Eastside Lenders, just a standard "you missed your payment" email. I filed a complaint with the BBB and from what I read, they actually respond to these complaints, so maybe that will work. I emailed them back and AGAIN explained how I had already overpaid them.... etc.

I was getting calls from Credit Protection Depot (PayDayMax). I called them and explained to them that, since I had originally taken a loan for 1000 and already paid back 452 I would only pay them them 548 I owe since they are unlicensed. The woman on the other end just kept telling me that "this is a payday loan, ma'm, and you need to pay this off on your next payday." She did say that they would accept a payment of $1000 to settle this, but I would never be able to use their services again (oh, darn). I had been on the phone for so long, that I agreed to the arrangement. She said she was going to email me the info for MoneyGram so that I could make the payment.. but it never arrived in my inbox. Then.. I got to thinking that it was not a good deal, in fact.... that would still be an overpayment of 452 for a loan that was ILLEGAL in the first place. So, I figure that I will send them the total of 548 that I owe them, and go from there.

I made very agreeable payment arrangements with Cash Central, they are good to work with.

I still haven't heard anything from United Cash Loans, 3B Payday Loans, ACC / The Cash Spot, Namakan Capital, or CashNet USA.

Do not pay CPD a dime over the principal borrowed. All you owe them is $548, they ar ILLEGAL and hold no license to lend in the U.S.

Stay positive and good job so far :P

I tried to log into CTC and was denied access. I guess they must have gotten my emails and faxes.

That is typical. Please read HERE on a thread about being blocked from CTC.

Another Update:
I have made favorable payment arrangements with the 3 legal lenders (Cash Central, Ace, and CashNet USA).?? I have to pay them off over the next two months.?? I am ok with that.. at least they will be gone buy May.
I have gotten one call from United Cash Loans.?? They also sent me an email stating that since I have been such a good customer I am eligible for another loan (??????)?? I don't get this because I havent paid off what I owe.?? I didn't call them back.?? I will continue to send them the letter stating that I will just pay the remaining principle that I owe.
The Cash Spot sent me another email stating that they are unable to deduct the "payment" from my checking account, but as a courtesy they will re-deduct the payment in two days (oh gee, thanks).?? I re-sent them the email stating that I have already overpaid them and I would like a refund.?? No response.
Other than that, I haven't heard much in the way of phone calls.?? Is this the calm before the storm??? It's been a week since I defaulted.

Sounds about normal. At least you have arrangements with the legal lenders and they are the important ones.
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Don't sweat the illegals. They can say nothing for months and then come out of the wood work like roaches.
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Since you account is secure you have nothing to worry about and can breath and relax.
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Congrats on your progress!

I got the letter from CTC today....... telling me that the contract was done under the laws of Malta, not the State of CA where I live....... and that they will take payments towards the 1200 that I borrowed as long as the payments are made by 6/29/09. Should I take it?

Also.... got the "Tim Atkins" email from Pay Day Loan Yes.

No.
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How much was the loan for and how much have you paid back?
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They always claim that Malta statement which is false. You??are bound by the laws of the US and the state of CA.
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We like to call them the Malta Mafia...lol
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They act tough but there is not a dang thing they can do. They are lucky people pay back at least the principle.

Malta Mafia..LOL
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You only owe what you borrowed to those CTC clowns. If you paid any fees deduct that from what you borrowed. Tell the you are a U.S. citizen and in no way are bound to international arbitration.

Oops... I didn't sign in on this one or the last... but it's me. I technically did not pay them anything on the loan that I originally took out so TECHNICALLY I do owe them the entire 1200. I guess I should pay it... but I just feel so ripped off because after going through my bank statements I see that I have paid them almost $4000 in fees over the last six months. Since the loans were paid off each payday along with their outrageous fees.... it looks as thought i have not paid anything against the last 1200 loan that I received from them. Man... I really feel terrible about this but I will be glad when it is all over.

You can try to count the??fees as payment.
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So you paid the entire loan amount every pay and re-loaned?
??

Definately send them a letter stating by your state laws the $4000 in fees were Illegal and you are considering your loan PIF. Also I would demand a major refund. That is alot of money, and in no way should you feel bad. They would have never stop you from paying those rollover fees. It could have got up to $10,000 then what.

Thanks for the advice on CTC.... I won't give up so easily with them.

I got PIF #2..... ACC / The Cash Spot responded to my BBB complaint stating that they will mark my account PIF AND give me a refund of the $357 I have overpaid them! YES!!!!!!!!!!!!!!

YAY! That is is great news.

I just checked my acount and I already got the refund. This weekend will be better than expected.

CONGRATS!!