Pdl debt help
Date: Mon, 07/27/2009 - 05:28
StarCash: 250$ (I don't remember applying for this)
UnitedCashLoans: 300$
CardinalMGT: 150$
CMG Group LLC: 150$
I've been debited 45$ to cardinal and cmg three times already. Last Wednesday they tried to debit but got NSF instead because I didn't have the money to pay them so last night I check my account and had $68 in it this morning it's -$84. I got charged 45 twice and 30$ twice. These payments haven't cleared yet so I don't know who they went to yet. I'm from Pennsylvania. The one for $300 is the only one that I'm sure is legit but I don't know what type of loan it is or anything. I'd cancel this accoun and open a new one but Ive had trouble in the past and probly are on the chexsystem as blacklisted any wouldn't be able to open a new one. I just want to get these paid off and done with it bi I'm totaly broke and don't know what to do.
I'm the same guy as above just registered. The cashnetusa one as
I'm the same guy as above just registered. The cashnetusa one as stated is paid. The weird thing is that they have on my account page that I applied for and got two loans that are paid in full and i only paid them one loan in full $187.50 + one $45 refinance charge.
Spasticpat - there is a few threads about star cash, we have th
Spasticpat - there is a few threads about star cash, we have their number listed, their address, and info on how to deal with them.. did you pay them anything back yet? you probably did not apply for their loan, they are known to deposit money into accounts :(
I don't remember applying for theirs. I left all this money in t
I don't remember applying for theirs. I left all this money in the account only paying my bills that are absolutely necessary because I knew they'd auto debit but they sucked it dry within less than a week.
pennken you seriously need to secure your bank account first! Ne
pennken you seriously need to secure your bank account first! Next you need to review any contracts or old bank statements to see if you ever had the money deposited from these companies. It has to be recent being, a PDL will deposit the loan in the bank then 2 weeks later take the first payment. It usually is the rollover/finance charge unless you specify differently.
If you never applied then you need to call them and ask for a copy of your contract from each of them. Please, please secure your account ASAP!
i agree, they will keep taking your money until you are secure.
i agree, they will keep taking your money until you are secure.
i am pretty sure that none of your loans are legal (someone please correct me if i am wrong but i think loans are now prohibited in PA?)
there is a sticky here about dealing with illegal loans but please let us know if you have any more questions :)
spasticpat-if you look over in the banking section of this forum
spasticpat-if you look over in the banking section of this forum they can help you find a bank in your area that does'nt use chexsystems. The only way to get these pdls to stop debiting your account is to close it.
Here you go: [quote] Pennsylvania State Information Legal
Here you go:
[quote]
Pennsylvania State Information
Legal Status: Prohibited
Citation:
Check cashers are specifically prohibited from making payday loans under Check Cashing Licensing Act of 1998, ?? 505(a). Otherwise, consumer discount company act applies. 7 Pa. Cons. Stat. Ann. ?? 6201 et seq.
Small Loan Rate Cap
$9.50 per $100 per year discount or 24% per year
Where to Complain, Get Information:
Regulator: Pennsylvania Department of Banking
Address: Market Square Plaza, 17 N. Second Street Harrisburg PA 17101
Phone: (717) 214-8343
Fax: (717) 787-8773
Regulatory Contact: Jim Keiser Administrator of Non-Depository Institutions
[/quote]
It's easy to fall back into the trap of payday loans. There is
It's easy to fall back into the trap of payday loans. There is a 36% cap on payday loans to military members so most payday loans won't even loan to them. We need something likethat for everyone.
militaryloansyes.blogspot.com/
Yeah so my bank cancelled three of the payments that the pdl's c
Yeah so my bank cancelled three of the payments that the pdl's charged me but the bank itself charged $33 for each one totaling $99. So either way it cost me even more. My paycheck is deposited in tomorrow and I'm cancelling and withdrawing whatevers left immediately. Than I'm going to find another bank and start over.
Sorry, I was posting from my iPod before because I've been havin
Sorry, I was posting from my iPod before because I've been having computer problems among other things. I got an email today with my loan "document" as they call it fro Cardinal Management LLC. I owe them either 270.00 to pay off the loan totally or 120.00 to refinance. Funny thing is that the loan itself that I never applied for is only for 150.00 so refinancing would be paying back the entire loan pretty much because I was already debited $120 before from these people. I canceled the account that this loan was linked to and I've opened another account at another bank thanks to the list I found in the bank section.
pdl's
oh yeah same as above. funny only applied for one but 3 others began debiting my account. after losing around 2,000.00 in 2 months, I exploded canceled my bank account, then the calls started, study up on the federal laws and sock it back to them. let them know before you start the conversation that your conversation is being recorded, let them know that you want a cop0y of the original contract and that your account haS beenn closed, also ask for a physical address ie mailing address, everyone of these will tellyou it's a p.o. box, tell them you need these things per your attorney's request and that you need to send a letter registered mail, this s cares them right back, stand firm, let them know that you were advised by your attorney that it is against the law to harrass family members work or friends get a physical address and let them know that if they cannot provide the original contract and a physical address you will be hearing frojmj my attorney, stand firm, study up on the federal and debtors laws,
they expect you to be afraid, it is in fact against federal law to use empty threats ie law suit court charges filed, no contract no dice, let them know you aren't dumb. the finance charges are also against the law, you only have to pay the actual loan amount. they don't bother you when they are taking money from your acco9unt non stop but boy oh boy they sure know how to nag you non stop and threaten pout scream etc. I refused to pay for any loan i didn't apply for like I said, no contract no DICE!!!! stand firm, there are literallly thousands of us, and there is not one place period that I've researched and believe me i've done alot of it that has been taken to court over a pay day loan, the finance charges alone covers their rear ends they've made more than enough money off of all of us. do not be afraid of these people.
You know whats great......
reading all this info on these sites reminds me of G.I Joe I used to watch as a kid at the end of every show where they would say, Knowing is half the battle...
that is true with pay day loans....
we all need extra money, and yea some of us probably shouldnt of taken the loans in the first place, but when we make a good honest effort to pay it off and get burned, well, that is where a website like this comes in handy.
Yeah well I when I went to my bank they told me they can't cance
Yeah well I when I went to my bank they told me they can't cancel my account when it's in the negative. So I said yeah that's fine, I'll just bring it back to zero (it was in the negative from these people). And they also can't block debits from my account. Tomorrow I know I'll have 6 (yes 4 of them sent me loans without my application...) more debits from 45-90 and my account will again be negative 3 or 4 hundred. my bank will cancel the payment, and charge me a return fee of 33$ for each. I won't be able to pay that back until next week's paycheck and the same thing will happen. So I really don't know what to do. The lady at the bank said take out a line of credit to pay off my account and all and as long as for 3 days after I cancel the account (when it's at 0) there aren't any charges, then it will be canceled successfully. I'm planning on doing this. 3 of these people actually debited my account on Monday and it was sent back and my entire paycheck from last week was put in to fix the return fees. I'm not able to save any money because of this and after tomorrow I won't have enough to pay it all back, I hope I can get a line of credit to fix it, but if not I don't know what I'll do. I have no one I can actually borrow the money from, my parents are struggling with debts of their owns and my girlfriend is paying for college and can't afford it. I'm a college graduate at a minimum wage job and I wish I could have just went back and never applied for these things at all. I feel like it's my own fault (which it is) and I'm really nervous and don't know what to do.
If you are'nt able to get a line of credit check with the bank a
If you are'nt able to get a line of credit check with the bank and see if they can freeze your account or do a hard debit block. That way at least there won't be anymore nsf fees and you can bring it out of the red and get it closed. You may have to go in person to get this done and not on the phone.
Regarding the loans that you didn't apply for, you should contac
Regarding the loans that you didn't apply for, you should contact bank's Fraud Dept. - don't deal with the local branch manager. That's what I had to finally do after getting the run around. It took talking to 3 people to be able to freeze my account and stop the pdls. I had to freeze the account against debits so I could get my auto-deposited paycheck. Once I received that, they closed the account and transferred my funds to another account. Of course, I wasn't in the negative, but I'm sure the Fraud Dept. can help you out.
Spasticat, you said 3 loaned you money with an application. Why
Spasticat, you said 3 loaned you money with an application. Why didn't you just return the money you did not ask for.
stop direct deposit
stop direct deposit if you can
prepaid debit cards in the mean time.......
if you cant get that line of credit..