Internet Payday Loans in Arkansas

Please list the lenders, amount borrowed and amount paid. Someone will be along shortly to advise.

I have the following payday loans:

Ameriloan Amt Borrowed $400, have paid $1660.00 in fees since 3/20/08 - I have paid off this loan several times and reborrowed
United Cash Loans Amt Borrowed $450, have paid $2700 in fees since 2/29/08 and have paid this loan off several times and reborrowed
VC Funding - $400 have paid $720 in fees
Webpayday - $1000 borrowed have paid $1900 in fees and reborrowed several times
Geneva Roth/Loan Point USA - $600 and have $960 in fees
PDL Loan Center $400 paid $195, PIF $350 on reborrowed on 5/12/09 have paid $195 in fees
Good Time Cash/RBT Loans - $500 borrowed on 4/30/09 have paid $835 and reborrowed
500 Fastcash- $250 have paid $75.00
I have closed my checking account as of yesterday, 5/14/09 and will have ACH's returned today. What do I need to do next?

Hey Melinda.....I'm in the boat with you! I have Ameriloan, VC Funding and PDL Loan Center, too. Please keep me posted on how things go......

Click on the link below to view your payday loan laws.
http://www.paydayloaninfo.org/state_detail.cfm?id=AR
Arkansas 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.

Ameriloan is not licensed anywhere in the U.S.
3531 P Street NW Miami, OK 74355
Phone 800-362-9090


Web Payday is not licensed to lend anywhere in the U.S.
WebPayDay
320 West 200 South, Suite 350-B
Salt Lake City, UT 84101
Phone: 1-800-814-5451
Fax: 1-800-814-4960

VC Funding, I am ususre about, but you can type their name into the search box located in the upper right hand corner of this forum and research them yourself.

Geneva Roth Ventures Fax # (you will need to research them also to see where and if they are licensed anywhere)
(913)825-1200 Ext. 225 - Main
(913)825-1208- Fax
Geneva Roth Ventures Inc
1923 Foxridge Dr
Kansas City, KS 66106
Local (913) 825-1200
GRC (Geneva Roth Corp)
1-800-351-8820 Phone Number

PDL Loan Center - research them

Good Time Cash/RBT Loans- research them also


500fastcash - They are also affiliated with MTE Illegal
"customerservice@500fastcash.com"
500 fast Cash
515 GSE
Miami Ok 74354
888 339 6669

CLICK HERE to find out how to deal with illegal lenders. Keep us posted! :)

I just received the following e-mail from LoanPoint USA:
Hello Melinda,
Thank you for your email to Customer Service for at Loan Point USA. I apologize; I can not discuss legal advice. However; the contract you signed is legitimate. We expect you to adhere to the terms and conditions of this loan. If you need further assistance regarding this matter, please contact Customer Service. The office hours are Monday thru Thursday 8am to 7 pm, Friday; 8am to 6pm Mountain Standard Time





Please register as a new customer using the following link: https://customer.loanpointusa.com/register.aspx

To manage your account:https://customer.loanpointusa.com

Thank you,





Crystal Peckham

Customer Service Representative



Loan Point USA

800-351-8820

800-351-8830 fax

[email]cpeckham@loanpointusa.com[/email]

Hours of operation: Monday-Thursday 6am-5pm MST and Friday 6am-4pm MST

============================================
CONFIDENTIALITY NOTICE: This e-mail and any attachments are confidential and may also be privileged. If you are not the named recipient, please notify the sender immediately and delete the contents of this message without disclosing the contents to anyone, using them for any purpose, or storing or copying the information in any medium.

What do I do now?????

Pfffffttttttt, don't register, and don't believe their garbage, your state law prevails. If they aren't licensed anywhere then they aren't legal, it's as simple as that. I would reply and ask them what state they are licensed in and the license number, until then you won't do anything else.

I just got a phone call from 500fast cash. They want me to pay them $430, when I only borrowed $250 and have already paid $75 twice on this loan. Do I tell them that I legally only owe them $100. They told me they would only accept payments by credit card. What should I do now?

Tell them you need an address to mail payments via money order, to them, no address, no payments. Only pay them the principal amount borrowed and not a penny more. They will tell you anything to get money out of you, whatever you do do NOT give out any more of your personal information, credit card or bank account info.

Quote:

Hi Melinda,
I live in Arkansas and I went through the same problems you are going through. I would call the attorney general office. They were really helpful to me.

I also had a phone call from Shenika at United Cash Loans and she said her compliance department would be calling me

Do I need to do anything else? Resend the cease and desist letters or anything? What is going to happen when the compliance department calls me?? Please advise because I am scared.

I sent an e-mail asking where they were licensed and the license number (my e-mail is at the bottom) This was their reply:

Hello Melinda,



Thank you for your email to Customer Service at Loan Point USA. Due to the nature of your concerns, please contact Customer Service at 1-800-351-8820 option 4 to discuss this issue. The office hours are Monday thru Thursday 8am to 7 pm, Friday; 8am to 6pm, Mountain Standard Time.





Please register as a new customer using the following link: https://customer.loanpointusa.com/register.aspx

To manage your account:https://customer.loanpointusa.com

Thank you,





Crystal Peckham

Customer Service Representative



Loan Point USA

800-351-8820

800-351-8830 fax

[email]cpeckham@loanpointusa.com[/email]

Hours of operation: Monday-Thursday 6am-5pm MST and Friday 6am-4pm MST

============================================
CONFIDENTIALITY NOTICE: This e-mail and any attachments are confidential and may also be privileged. If you are not the named recipient, please notify the sender immediately and delete the contents of this message without disclosing the contents to anyone, using them for any purpose, or storing or copying the information in any medium.




--------------------------------------------------------------------------------

From: MELINDA FUNDERBURG [mailto:melindacarol_melindalong@yahoo.com]
Sent: Tuesday, May 19, 2009 12:12 PM
To: Crystal Peckham
Subject: Licensing



Where are you licensed to do business and what is your license number?

Melinda Funderburg

[email]melindacarol_melindalong@yahoo.com[/email]

I have received e-mails from Ameriloan and 500 fast cash and text messages from Ameriloan, United Cash Loans and 500 fast cash that my account needs immediate attention. Their ach drafts got returned to them on Monday. What do I need to do? I also filed complaints with the AR Attorney General's office for Ameriloan and Webpayday. They called me and told me that if you were online in Arkansas and applied for these loans, these companies were under Arkansas law, even though they might not want to be, and that these companies were doing business illegally. Please advise on my next step. Thanks!

Follow the advice of yout states AG. Just resend your proposal letters to them. Do not call them, use email, fax, or USPS.

Today, Goodtime cash has called me at work. I have sent them the cease and desist e-mail, but apparently they have not read it?? What do I do??

How is it going Melinda?

It is going okay. I have not heard from anyone but Good Time Cash. They keep calling me at work even though I have sent them the cease and desist. They keep telling me I owe them $650, but I have paid them $835. What do I need to do? Should I be worried that I have not heard from any of the others? Do I need to send another e-mail? Please advise. Thanks!

I gave mine 5 business days to respond....I'm thinking I would send again saying no response...maybe shazzers, paul or cool abyss have some advice?

They are still calling me at work and on my cell phone and I have resent the cease and desist e-mails? What do I need to do?

I don't think original creditor has to abide by cease and desist...only collection agencies.

That is true. A C&D only applies to third party collectors. However, if the collector is calling and harrassing you at work, you can send them a C&D.

Okay, if I cannot send the original creditor the cease and desist, what do I do? They are calling me at work wanting to work out a settlement and have me pay each pay period? I have no idea what to do!! Please help!!

I live in Ark. and I have only two CA. I have had them since October. One is "united Cash Loans" I have $250 loan with them. I get paid mo. so, I have been paying them $90 monthy. Since it has been more than "5" paydays since i got the loan I am paying $100 monthly.
I then have webpayday. I had a $500 loan with them. I have paid them a total of over 1,500!!! I pay them $256/monthly. That is more than what I owe them. I feel I have already paid them back. How does this get lifted off my account? Will they still continue to bother me? They are not really bothering me now (that i pay them monthly). I am not trying to be a snob, but t's not like I didn't pay them back I paid them back and more!! I think my work is done with them. anyone have ant sucess? Are they still bothering you? Good luck to evryone. I had every intentions of paying them back and I have....Triple...

can this go on my credit report?

Quote:

I received this e-mail from Ameriloan. What should I do?
Dear MELINDA FUNDERBURG:

Ameriloan Department now holds account #6732189 which is in a final collection status. According to our records, your outstanding balance is $670.00. (If you have recently resolved this account over the phone, please disregard this message.)

Most likely this loan was used to help with unplanned expenses. Keep this quick and convenient option available the next time something unexpected happens. Immediate action is required to avoid impacting your future borrowing options. We value you as a customer and would like to help you take care of this for less than you owe.

To accomplish this, we are providing you:

A private and totally secure website for making an offer on this account for less than you owe.
The convenience of making your payment(s) online.
The pleasure of clearing your account without ever talking to a collector.
Flexibility to schedule a payment today and not pay anything for up to 14 days.

It is quick and easy:

Grab your credit/debit card and click on this link to log on to the website http://recovery.ameriloan.com. (We also accept online checks)
Enter your account number and last 4 digits of your social security number.
Through a few simple steps you can verify your account information, and tell us what and when you can pay to settle this account.
When your offer is accepted, and you make the required payment(s) YOU WILL OWE NOTHING MORE ON THIS ACCOUNT.

Please log on now to http://recovery.ameriloan.com. This special offer is good only for a limited time.

Should you have any questions concerning this account please feel free to contact us TOLL FREE at 1-800-404-9026.

Thanks for being our customer,


Ameriloan Department
[email]Recovery@ameriloan.com[/email]

PLEASE DO NOT RESPOND TO THIS EMAIL.

This is a template letter generated for all defaulted loans. Ignore it ans stick to your proposal. They are just trying to intimidate you into paying, remember they are Illegal :wink:

Quote:

They sent me the SAME THING on the SAME DAY Melinda.......Friday!

I live in AR and I had a loan with Ameriloan. I sent them a letter saying that they were operating illegally, that I had overpaid them and I was going to report them to the AG office. After a week, I logged in to my Ameriloan account and it had paid in full. I never heard from them again.

I live in AR and I had a loan with Ameriloan. I sent them a letter saying that they were operating illegally, that I had overpaid them and I was going to report them to the AG office. After a week, I logged in to my Ameriloan account and it had paid in full. I never heard from them again.

I live in AR and I had a loan with Ameriloan. I sent them a letter saying that they were operating illegally, that I had overpaid them and I was going to report them to the AG office. After a week, I logged in to my Ameriloan account and it had paid in full. I never heard from them again.

When was this.............Hmmmmguess I should send them my AG complaint number.

Melinda, Has VC FUnding or PDL loan center contacted you.....I can't get in touch with anyone at PDL loan center. TPiggott gave me a number to call of part of company servicing my loan and noone answers? ever! I've emailed her back to say who else do I contact and no response....

I just got this from High COuntry.....
Below is the mailing address as well as an alternate number to contact PDL Ventures.

P.O. Box 270
Box Elder, MT 59521

1-866-631-8201

Okay........ugghhh another tidbit on these guys....
per BBB website:
Licensing
On June 3, 2009 the BBB confirmed with the Montana Department of Banking that Rocky Boy Technologies, LLC is located on a Montana Native American Reservation and do not have to be registered with the Montana Secretary of State or licensed through the Montana Department of Banking.