drowning, need help
Date: Wed, 05/27/2009 - 07:33
Submitted by littledreaddoll
on
Wed, 05/27/2009 - 07:33
Total Replies: 14
All of the companies are internet based, but I believe the FBDLoans one is through an actual bank, I am not sure, if I am wrong please let me know.
What is the process for dealing with these companies? I made a mistake and I need my funds back, as I am close to being laid off of my job and need to save all I can now.
Mississippi Resident
No storefronts
Nationwide cash
Owed $250/ paid: $250
One Click Cash
Owed: $300/ paid: 450
500fastcash
Owed: $300/ paid: 450
PaydayMax
Owed: $250/ paid: 280
Iadvantage:
Owed: $300/ paid: 0
Ezcash
Owed: $300/ paid: 90
Fbdloans
Owed: 500/ paid 249
I just spoke with the branch manager of my bank. He said I could
I just spoke with the branch manager of my bank. He said I could come in and have a new account opened and that would block them from making the transaction.
Now, what do I need to do before then? I have one company will attempt debit on Friday and if they do that my account will be in the negative and I can not switch accounts if I owe on the old one.
What do I say to the companies before hand to let them know that they are illegal? What about those I still owe funds to? Please help ASAP
You have taken the first step to freedom. Next step is to check
You have taken the first step to freedom. Next step is to check the laws of your state to see what you legally should pay on these. I will post them if someone else hasn't!
Mississippi Payday Loan Laws State Legal Status Lending of pay
Mississippi Payday Loan Laws
State Legal Status
Lending of payday loan is considered legal (applicable for check cashers only) in the State of Mississippi.
Loan Specifications
Maximun Amount of Loan - $400
Term of Loan - Maximum 30 days
Maximum Rate of Finance and Fees- 18% of check
Finance Charge on $100 loan for a 14 day period - $22
APR for $100 loan for a 14 day period - 572%
Debt Limits
Maximum Number of outstanding loans permitted at a time - Not Specified
Permissible number of Rollovers - None (cannot be repaid or otherwise extended)
Limits of Collection
Collection Fees Amount - NSF fee; Court fees (if disclosed)
Criminal Action - Prohibited (when check is retuned due to NSF)
File your Complaint and get Information
Regulator - Mississippi Department of Banking and Consumer Finance
Address - 901 Woolfolk Building, Suite A 501 N. West Street Jackson MS 39201
Phone - (601) 359-1031
Fax - (601) 359-3557
Regulatory Contact - Ronny Harrison, Chief Examiner, Consumer Finance Division
I did a search and it seems like the only ones that are legal is
I did a search and it seems like the only ones that are legal is the fbdloan from first bank of delaware. i am unsure of paydaymax, but i would assume anyone working with moneygram (i went to walmart to pick up check) must be legal somehow. i really need some help guys! what do i send to these people today to show them they are not getting another dime out of me that i do not owe!
I posted your state laws. The loans are capped at 22.00 per hund
I posted your state laws. The loans are capped at 22.00 per hundred!
PayDay Max is definetly not legal. They are not even located in
PayDay Max is definetly not legal. They are not even located in this country. Some here have said they are out of Canada but thier website says they are out of Grenada.
I would not send the letters revoking ACH to these companies until after you have secured your account. Look under the stickies under how to deal with illegal pdls (or something like that) I think its the 13th post down in that thread is a sample letter you just have to adjust fro your state and situation.
if i file a complaint with the state, when they contact these co
if i file a complaint with the state, when they contact these companies, wouldn't i be opening myself up for civil action? that i do not want. would the complaints list my name and become public record?
I'm sure a seasoned / veteran member will answer but why would y
I'm sure a seasoned / veteran member will answer but why would you think that would open you up to civil action? If they are illegal and you are complaining they are loaning illegally? they already have your info anyway (illegal PDL's) - social, address, phone number, references anyway!!!!
i'm concerned about my name being placed on public record for ma
i'm concerned about my name being placed on public record for making a complaint throught the state, should the state decide to pursue these companies. i don't even want refunds, i just want the accounts closed if i am done paying the or arrangements to be made for the owed amount. i just want to know if that is done. i also need to know about these letters and the next steps to take.
i sent letters to 4 of the companies. i had to fax one to payday
i sent letters to 4 of the companies. i had to fax one to paydaymax, as they have no email address.
oneclickcash and 500fastcash removed access to my account this morning online. i haven't heard from either of them or the other companies yet. i suppose they do not realize that they haven't received funds from a closed account yet.
i have to type up a different letter for iadvance and ezpaydaycash, as i legally owe them $300 each. is there a template letter for a valid loan? how should i request arrangements for them to be paid off?