My sister's payday loan problem..

do not feel embarassed or like you let anyone down.now let's see what we can do.do you have any of the usual info pertaining to these loans?or at least the name or names of them?you let no one down.she took the loans.now let's help her shall we?

thanks paul, i never even heard of the places she was loaned from. i just could not believe it's hitting so close to home. i did a post with the information, is there anyway to delete this thread, I guess? i did not mean to do a double posting like this..

i just found out fri that an uncle took out a loan from cashnetusa.so it is everywhere.escpecially in this economic climate.one question.were these internet?

yes, they were.. I actually did a post right below this one. I apologize, I did not mean to double post like this! is there anyway these threads can be merged or one deleted please?

hmmm,don't see a double post.will check though.anyway being that these are internet they are illegal and she only owes the principle.have her gather her bank statements and find out how much if anything she owes.

Thanks again, paul.. the other post is named Cash Jar, Titan Namaken Capital. I went into detail there but can post it on here if it's easier and that thread can be deleted.

here is the info from the last post, please delete the other thread, if possible (i'm sorry!)

I have a question.. My sister took out three payday loans.

She borrowed from three places:
Cash Jar - $300
Titan Group (877-891-9021) - $200
Clearview (Namaken Capital 800-708-4342) - $200

She lives in NJ and I know they are not legal.. but she did not pay anything back on these. I never even heard of these companies.. I did a search here and the Clearview/Namaken came up as Sandpoint? (She told me they said it was Clearview but her bank statement showed Namaken?)

I do not know what to tell her.. of course the account must be secured but can you do that if you did not pay them anything back? By the time I closed my bank account, I had overpaid my companies by nearly a thousand dollars! She's worried they will call her job (she applied online at work) and her home (she lives with my parents and our younger brother..) but I guess everyone worries and there is not much to do about that. She said it is too late to stop direct deposit, and she already had her account on a hard block before and is scared they will think she's up to no good. I really do not know what to tell her.. She considered taking another loan to pay the finance fees and i told her NO on that one.. she needs her whole check to pay for late car payments, i really do not know what to tell her. Should she let it pay through at least one cycle?

after some research i found that titan and namaken do not have webpages. i called and ask what their page was (i pretended to be interested in a loan). they both appear to be the same company? Their answers were the same to my questions. I found my cash jar's webpage. I still have no idea what to advise her to do..

forward the sticky.the third one from the top in this particular forum.it will guide her every step of the way.

thanks, paul. does it matter that she did not pay down on it? that was my main concern.. with the ones i had, i had paid down on all of mine many, many times so i was not sure.

also, she wanted me to ask if it was okay if she already had her account blocked before. i said it should not be a problem, as the bank should be able to do this regardless. am i correct in that? my main concern is that she did not pay anything down yet, is that okay or does it not matter? i will help her paying what she morally owes.. i just cannot believe she got into this mess :(

no it doesn't matter.he can work something out on her terms now.they can't do anything as they lent illegaly.just let her know about the stupidity as far as the threats go.

thanks. she, of course, is in a huge panic. she's so paranoid she is scared to even post here! but i remember being a wreck over this stuff last year so i do understand.

eh i have another question. i read through the closing bank account sticky and planned on taking her to the bank after work tonight.
but she mentioned using her debit card to get gas. now i know this does not post right away and she said this is not on her statement yet.. will this affect putting a hard block on her account? she gets paid on thursday and does not have enough money to cover the gas charge - should we just go and ask the bank this so we can deposit the money on time tommorow?

they normally do effect the debit cards too,but if what you say is true then she should fill up before you do the block.

she got the gas on Thursday afternoon - it just has not posted yet and it will put her account in the red (which is normally okay with her bank because she gets paid on THursday anyway). right now the gas station's charge is only $1 pending. Should we try to wait until it completly pends or put the block on asap? i guess i am asking what will happen to pending debit card purchases if a block is put on?

ok, i emailed her this page and she actually went and put the account on limited status (hard block) without me. I'm proud :)
but she said her bank said they would have to lift the block to give her the money. i do not think this is true? i actually got messed up pretty badly with this part of the process. but i am sure they can let you withdraw the money without lifting the account.
i also am concerned about her pending gas station charge, too. her bank said it will keep pending until her account is off limited status and its her choice to let it go through first and wait or to put it on hard block today. i guess she chose to just put it on hard block today..

have her get clarification from the bank manager.i thought that if you wrote an actual from the bank they would allow that,but as far as withdrawing.yes the debit card would not be in play as long as the block is on.she will have to withdraw in person.

ok, thanks - i used to bank at the same place (I just switched to a credit union :) ) and they messed me up pretty badly.. i ended up paying even more to the companies that i overpaid by so much :(
she said someone at the branch said you just need to come in, bring ID and they can give you your money..
thanks again so much paul :)

i guess i have an update, they said her pending items would be reviewed by a branch manager, which of course freaked her out. Now she is worried the branch manager would approve ach withdraws. she said they will hit tommorow, i told her to call the bank tommorow. the block is on though. is there anything else she can do at this point?

i wanted to bump this.. i did not mention this to my sister but i am pretty protective.. is she going to get in trouble because she did not pay them anything yet? i will make sure it's paid (i pretty much raised my siblings and i feel so bad she did not come to me first..)
i know the companies are not legal but can the bank do anything since she did not pay or do they just have to mind their buisness on this one?

being illegal they could take issue,but realistically and i'm only saying this to calm you and her.she doesn't have to pay it back.now that being said i know she will just don't worry about what the loan places will do as she can pay on her terms not there's.whether or not they got anything yet is immaterial.they will get paid.just not the ungodly amount they were hoping for.

thanks.. i really was not sure if they could do anything. i mean i know they are not legal but i was worried since they did not recieve anything they could maybe report her or something.. my situation was so different - i overpaid geneva roth by over a thousand dollars! so i did not feel about about closing my bank account, etc. i know she will pay them, she even put money aside for a first round of payments. but she is terrified they will sue her or send her to jail (i explained about the jail thing but i know people panic..) i guess i was also worried the bank will somehow get involved in all of this? i do not know.
thanks though.

illegal is illegal.not matter if they haven't received squat or you overpaid.they will be paid.they just want it on there terms.oh they can report her to teletrak.then she can't get another pdl.heartbreaking i know.

she got an email back from the bank:
Your balance is $178.11. I am curious what the deposits to your account from Namakian capital for 200.00 on 5/13, Titan Group on 5/13 for $200.00. Would any of these be short term loan providers?? If they are how are they going to get paid as there method is ACH Debit from your account. You cannot be setting up loans and then have the accounts limited so that payments cannot be processed. If this is the case we need to close this account ASAP.
she said she called and told him they were illegeal and he gave her a real hard time.. yelled at her for not closing the account sooner and than promised that when she closes it, any ach could push it open within 72 hours (she should have dealed with this sooner :( i feel awful..) she was crying, i hate banks :(

she was told that ach will push her account back open but they will moniter it and refund the NSF fees. i told her to get this in writing, which she did but she mentioned that while he promised to monitor her account and take off any fees, he also threatened to take off her limited status if this is not done by monday.. i just find it weird. she said he's very upset she is on limited status.. i told her to find a new bank asap.

hey i have a question.. she got one of her companies to go down to $50 a pay starting mid-July. She wanted to go down to at least $25 a pay as she is also working things out with another company. she is willing to do prepaid debit cards (though I never was but it's better than giving banking info..) but asked me if it is pushing it to go down to $25 a pay.
I think it is not a problem since it was not a legal loan but wanted to check here first (she really needs to sign up here herself!!) Is this pushing it? I am not sure if they agreed to do just the principal yet..

i am bumping this up.. she went ahead and emailed them requesting her amount. she forwarded the email they sent her back (posted below) any thoughts/ suggestions? She is so worried, I feel bad.. for some reason I am more worried about her loan than I was for my own!!
My advice would be to just demand payment through mail and only $50 a month. That is really all she can afford as she is paying off other loans.. am I being unreasonable? she is happy using a prepaid debit cards..

I received your email. We do not accept mail in payments. Everything here is done through the internet. You received your loan directly deposited in your bank account not through the mail. We must have the payments through your bank, debit card, credit card, prepaid reloadable debit card or through money gram. We also expect payment every payday. This is a payday loan. I will check with my manager to see if he will approve you making only monthly payments of only $50.00. Your balance is $465.00 and when an account is in collections, we like to have the balance paid in full within 60 days. This will put you paying on the loan 8 1/2 months. I do not see this getting approved with such a low amount. Your origianal by-weekly payment was $90.00. I might be able to get it approved for $100.00 monthly. Let me know if you can do at least $100.00 monthly, which is $80.00 less than what you should be paying. I look forward to working with you.

Oh I forgot to add that even though my sister told me they have a Miami, FL mailing address, their contract states laws of Belize. So they are not even based in this country?!?! no wonder they do not want payments mailed! though she said the collectors are American so they must have some kind of offices here?

i never remembered myself having a loan to some titan grp llc.and ived noticed that they credited a $200 in my account. but now theyved been debiting more than $3000 in my account eversince..i just noticed this transctions recently,so what should i do? and is this company real? their number is 877-891-9021.thank you..