More PDL trouble in Texas

Date: Fri, 05/22/2009 - 18:05

Submitted by amsimsquinty
on Fri, 05/22/2009 - 18:05

Posts: 3 Credits: [Donate]

Total Replies: 4

Between me and my husband, we have 10 loans. :oops: Now he's been laid off from work and everything has crumbled. His PDL w/ACE hit our bank account and put us in the negative, so we went to our bank and sought help. They closed the account for us so no more PDL's would come out of that account, and we contacted all of our lenders to tell them we want to pay them but can't right now. I've been doing a lot of research here and found some great information, but I am perplexed by something. None of the PDL's show up in the Texas database as CSO's, but I see in other posts that people have found them in the database. I am wondering if I am doing something wrong. Our PDL's are as follows:

First Cash Advance: storefront, both of us owe somewhere around $800. I found them in the PDL database as no longer being licensed, but they are not in the CSO database.

Cash America: storefront, both of us owe $1600. I also found them in the PDL database as no longer being licensed but not in the CSO database.

EZ Money: storefront, both of us owe $1700. I couldn't find them in either database.

No Wait Cash Advance: storefront, we both owe $600. I couldn't find them in either database.

Check into Cash: hubby has a $500 loan storefront, I have one for $300 w/their internet division, loanbyphone.com. I could not find them in either database, though on the loanbyphone website, they have a link to their CSO license in Texas that, if I am reading it correctly, expired 10.31.08. Here is the link:

loanbyphone.com/cash-advance/licenses/lic_TX.pdf

Would someone please double check me? Before I start writing letters, I want to make sure I have the right info!

Thank you for any assistance! I have already learned so much just by doing research here, and I don't feel as panicky as I was! :)

As far as I know, none of these payday lenders are licensed in T

As far as I know, none of these payday lenders are licensed in Texas and so they are illegal. Since they are illegal you are only required to pay back the principle amount borrowed and not the interest and other chargers.

lrhall41

Submitted by SC on Sat, 05/23/2009 - 03:38

( Posts: 3937 | Credits: )

Thank you, SC! :-) Brief update: since my original post, Chec

Thank you, SC! :-)

Brief update: since my original post, Check into Cash/loanbyphone has posted an updated CSO registration on their website. I still do not find them when I search the CSO database though. I also received a letter from EZ Money that states they are a CSO, but again, I do not find them in the CSO database! How is this possible?

lrhall41

Submitted by amsimsquinty on Mon, 05/25/2009 - 13:35

( Posts: 3 | Credits: )

Okay, I am hoping that more people will see this. I sent off C&

Okay, I am hoping that more people will see this. I sent off C&D/revocation of wage assignment letters to all the PDL places via certified mail. Cash America responded with a threat to send the accounts to a collection agency, but the total due also decreased by $100 from the last letter they sent. One of the reps from the storefront First Cash Advance actually called me on my work phone and my cell, which I specifically instructed them NOT to do, and just instructed me to call her. I have yet to get anything in writing from them. I do know that in the state of Texas, OC's are treated like CA's in terms of C&D letters, etc., so I know they weren't supposed to call me. Should I file a report on First Cash w/the AG, etc.? I still haven't fully figured out whether they are CSO's or not!

Please help! Thanks in advance, this site has been really great for information! :D

lrhall41

Submitted by amsimsquinty on Tue, 06/09/2009 - 17:06

( Posts: 3 | Credits: )

Pay Day Loan Help

I live in Houston, TX and I'm stuck in payday loan hell. After my husband lost his job things were really tight and I applied for a storefront payday loan from First Cash Advance the prinicpal loan amount was $900. Since Oct 2012 I've paid over $1407 dollars in fees. The currect payoff amount is $1,101.20. This friday I'm suppose to go in and make another payment for $201. I would like to see how I can handle this loan if I close my account. About two months ago I called the collections department and unforunately since my loan hadn't defaulted they wouldn't discuss any type of payment arrangements. I was instructed to either pay my finance fee or pay my loan off no arrangements will be made. I don't understand how I can call and ask for some type of arrangement cause the $400 I'm giving them has put he in a hard financial place we're struggling to maintain our normal household bills. So I had to get another payday loan to keep my lights from being disconnected. I have another payday loan from Cashstore with a balance of $540 the principal loan amount was $475 and I've made payments that totaled $362.62. Any advice any one can give would be greatly appreciate I'm drowning trying to keep up with the loan payments. Help please my time is running out

Thanks guys ...

Struggling in Texas..

lrhall41

Submitted by nlwalker on Thu, 01/10/2013 - 20:07

( Posts: 3 | Credits: )