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geneva roth ventures loan sharks--help@!

Date: Fri, 04/24/2009 - 14:52

Submitted by anonymous
on Fri, 04/24/2009 - 14:52

Posts: 202330 Credits: [Donate]

Total Replies: 13


I have entered a complaint against this company with the attorney general of Indiana and also with the Better Business Bureau. I also have stopped payment on any more debits from this company. What else do I need to do? Please let me know! It's nearly cost me what little sanity I have left!
COMPLAINT ACTIVITY REPORT Case # 99238097 BBB Serving Greater Kansas City

Consumer Info: Pierce, Robin Business Info: Geneva Roth Cap Loans
8950 N CR 500 West 6950 W. 56th St
Middletown, IN 47356 Mission, KS 66202
765 354-6688 765 354-6688 913 825-1200


Location Involved: (Same as above)

Consumer's Original Complaint :
Subject: geneva roth



On or before October 23, 2008, I applied for a payday loan on the internet.On October 24, I received an email, (which I can produce), stating that I had been approved for a $500 loan with a fee of $150; with the first due date of November 7. Also, on that day, I was contacted by Charles McNeely, stating the same points. I was NEVER told that it would be $150 would be taken out of my account bi-weekly to "extend" the loan, nor was I told the interest rate. I thought that the entire loan would cost $650, and after that amount was taken out of my checking account the loan would be paid off. I would NEVER have agreed to paying $300 each month in order to receive a $500 loan! I have tried many times to contact them, but each time I am put on hold for a LONG time!
Since November 7, my checking account has been debited $150 every two weeks. So, as of now, April 14, I have paid nearly $1800 for a $500 loan!
I have no idea what to do now. They will just continue to take money out of my account when they should have been paid off long ago!
I am going to close my bank account.
I only hope that you can help me with this loan shark company.



Consumer's Desired Resolution:
I have paid over $1800 in fees for a $500 loan. I feel that this should definitely have paid the loan many times over! Especially when the terms that I agreed to weren't the same as what the "contract" says. I was quoted $150 for the whole loan of $500.This is like a bait and switch scheme. I would like to have the overage from $650; which would be $1150, refunded to me. This has nearly ruined my checking account with nsf fees, and I am going to have to close my account.

BBB Processing

04/22/2009 web BBB Complaint Received by BBB
04/22/2009 web BBB Complaint Validated by BBB Operator
04/22/2009 Otto EMAIL Send acknowledgement to Consumer - OTTO
04/22/2009 Otto EMAIL Inform Business of the Complaint
04/24/2009 BBB MORE INFO RECEIVED FROM THE CONSUMER : I forgot to add...I think that by not disclosing all the terms (interest, payoff and extension charges) that Geneva Roth violates Indiana's payday loan laws. Could you also check into this?
________________


robindodie I am unsure as to what you want to know. Seems you filed a complaint with BBB against this company and are know awaiting for a response.

Geneva Roth is Illegal so the BBB will not be of much help on enforcing your state laws. Have you filed complaints with your state AG and the FTC. Hopefully they will respond to the BBB complaint and offer you a "paid in full" settlment. If not then I suggest you continue with the complaint untill it is resolved. Also if you have overpaid them then I would not get worked up about it. You have taken the proper steps in securing your account and notifying the proper source for complaints.

Hang in there and just wait it out. :wink:


lrhall41

Submitted by Cool_Abyss on Sun, 05/03/2009 - 09:12

( Posts: 2936 | Credits: )


GRC is also loanpoint

Send a cease and desist letter to Attn: Customer Service Manager, Geneva Roth Companies 1338 South Foothill Drive - Suite 325 Salt Lake City Utah 84108

In your letter state they are to cease from withdrawing anymore money and they are to refund you (you are entitled to a refund for everything but the principal) by the close of business ______ give them 3 days.

You will get contacted and they will give you a refund - they will try to talk you down but go back with a little more - you should at least get 1/2


lrhall41

Submitted by on Tue, 05/05/2009 - 05:56

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I got a refund from GRC and Signmyloan

I am trying to get the correct information from Paydayloanyes a/k/a First National if anyone has that information please post


lrhall41

Submitted by on Tue, 05/05/2009 - 06:49

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send a letter to the address I posted -put in your letter a demand for refund within 3 days. if you do not hear from anyone - send another letter stating " having not heard from you, I plan to move forward with filing complaints as previously indicated". that will get someone to contact you. I was able to get my refund within a few days etc. keep us posted and I continue to help you with what I did. Before I got that address I looked them up on the secretary of state's website and sent the first letter to the president of the company (his name was listed) so my letter was forwarded to that address.


lrhall41

Submitted by on Tue, 05/05/2009 - 07:25

( Posts: | Credits: )


These are the addresses I have for Payday Loan Yes

Global Payday Loan, LLC
PO Box 572037
Murray, UT 84157-2037
Telephone: (888) 227-4638 ext. 528
Payday-Loan-Yes.com

Payday-Loan-Yes
1609 N. Latrobe Ave.
Chicago, IL 60639
Telephone: (800) 550-6051
payday-loan-yes.com

Payday Loan Yes
Oranyan House Shirley Street
P.O. Box SS 19935
Nassau, NA
Bahamas
8005506051 Fax ??? 8006057419


lrhall41

Submitted by nohiogal on Tue, 05/05/2009 - 07:26

( Posts: 2582 | Credits: )