Payday Loan Yes

They are lying. There is not such thing and they know it. They are just hoping you will fall for their crap.

Quote:

I found this information on another post about this company:

Here is some information you may need:
Registrant:
Payday Loan Yes
Oranyan House Shirley Street
P.O. Box SS 19935
Nassau, NA
Bahamas

Domain Name: PAYDAY-LOAN-YES.COM
Created on: 11-Apr-02
Expires on: 11-Apr-15
Last Updated on: 13-Dec-06
Administrative Contact:
(Bahamas) Limited, Saint George yes at payday-loan-yes.com
Payday Loan Yes
Oranyan House Shirley Street
P.O. Box SS 19935
Nassau, NA
Bahamas
8005506051 Fax -- 8006057419
Technical Contact:
(Bahamas) Limited, Saint George yes at payday-loan-yes.com
Payday Loan Yes
Oranyan House Shirley Street
P.O. Box SS 19935
Nassau, NA
Bahamas
8005506051 Fax -- 8006057419

So is it my understanding that since they are located in the Bahamas they can't be licensed any where in the US?

Yes they are Illegal based in Bahamas with an U.S. mailing address. This is common with Illegal lenders.

I've never heard of PDLs being licensed by the Federal Government. If that is true, they would have to be subject to Federal regulations, and I don't think they are, so it sounds like a bunch of crap to me. I wouldn't trust anything you get over email, either, get a settlement agreement of some kind in writing.

I sent them an email demanding they mark my account paid in full and requested a refund in the amount of $950.00 for what I overpaid. They responded back with an amil stating I didn't provide them with the correct information. I just got a voicemail from them telling me they were going to charge me with check fraud over state lines because I closed my account. Can they do that?

No they cannot. They are blowing smoke and trying to scare you into paying.

So should I just ignore the phone calls?

Federal law "takes over" your state laws. I don't even understand what the hell that means . . .

Makes no sense to me either. Anyone with common sense would know that is BS :lol:

This place claims to be a legal department, and the people there are paralegals, in short they are just another one of the famous NY(Buffalo/ Cheektowaga area) bottom feeding collection groups, there address lists as 2448 union rd, Cheektowaga NY, funny quite a few other places have this same address as well, ???the Offices of Goldstein & Rath??? also has the same address listed. They called claiming I owe a debt to a pay day loan company(PayDay Loan Yes), one that is located in the Bahamas, I asked for debt validation, via the mail, they refuse, saying they already sent it, when I asked when, they just change the subject and get rude. I wonder how a legitimate collector can even try to refuse debt validation in the mail, they have to provide proof that they are legal to collect for the debt, and that the debt is mine, I honestly have no recollection of the company in question. I even asked if they where a collection agency and the say no, they are paralegals working in a legal department. I have dealt with legitimate collection agencies in the past and getting validation in the mail is my right, and never had any problems before. Something seems very fishy about this. Frank Winters was a person I spoke with, nice at first, but when i mentioned the pay day loan company in question is located outside the U.S., he says yeah, they are all over. Then i asked how can a place collect on an unlicensed transaction, by a company not even located in the U.S. He just got rude after that and said one way or another this will get handled, i said ok, mail be validation, then i said good bye. The pay day company in question is Payday Loan Yes.

sorry, the name of the place calling is Northeast Financial Solutions in Cheektowaga NY

Funny how you gladly took a PDL and entered into a legal binding contract. And you Bad language removed, that's a no no, Shazzers. You were the one that closed out your account. Did you not read the contract that they email to you? Obviously you didn't. Your to blame not them.

Ignore the guest, probably a pdl employee. :)

Shazzers, in regards to the post above, what should be the next step, since they will not send me anything in regards to Pay Day Loan Yes? I do not even remeber taking a loan out from them. I have read on the web about this NorthEast Financial Solutions being another one of those bottom feeding collectors out of NY, using scares and threats. They said it would get handled in court.

Well, beings the loans were illegal to begin with about all they can do is threaten you. They can't hardly walk into a court room and try to collect on an illegal debt, BUT, they will threaten to do so (All BS). Tell them they are trying to collect on an illegal debt, send them your state laws, link below. For a detailed answer - CLICK HERE to find out how to deal with illegal lenders.
Link below for payday loan laws. Pretty clear cut.
http://www.paydayloaninfo.org/state_detail.cfm?id=NY

Yeah, that is pretty much what i figured a lot of BS and scare tactics. When i told them they where trying to collect on an illegal debt, they got very very rude and simply said, it will get handled one way or another.

Don't be surprised if they threaten you with a summons, but that's BS also.

I figured that they would probaly do that as well, i feel better now, it's funny how a legit collector is easier to deal with than a bottom feeding debt buyer. If they report it on my credit report, do i have a legal recourse?

Hi there,
The Federal government does NOT license payday lenders.
I got a similar email from them today.
I trashed it.
they are bottom feeding lowlife pond scum.
but I am being kind.