Needing help in Iowa
Date: Mon, 07/27/2009 - 20:29
United Cash Loans
500 Fast Cash
National Payday
ameriloan
werenot sure on the amounts as we have had tsoime for months and have apain on htem regualraly
United Cash Loans, 500 fast cash, and Ameriloan are all illegal
United Cash Loans, 500 fast cash, and Ameriloan are all illegal and do not have a license. So you only owe the principal amount borrowed with no interest fees!
Go to this link to help you deal with illegal lenders.
http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html
Not sure if National Payday is legal or not?
In my opinion....the best thing for you is to close your account and secure your funds. You are dealing with illegal lenders. Set up an extended payment plan to pay them the principal amount borrowed only (no interest, no fees).
------------------------------------------------------------US FAST CASH, UNITED CASH LOANS, AND AMERILOAN are all the same PDL Company according to BBB.
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I am going to go to the bank in the morning and close my account
I am going to go to the bank in the morning and close my account. the National Payday debited two payments today and overdrafted my account cauasing house payment and car payment to bounce i talked to teh bank and they had him sign a paper to reject the payment and give us that money back. THey suggested i close the account and open a new one. I wasn't sure of all this stuff when i talked to them and had chose not to close it today but will be doing it tomorrow.
more curiousity
I have reviewed my bank statements and found out when pay day loans started and what i have paid on them thus far.
500 fast cash borrowed 500.00 have since paid 715.00
United Cash borrowed 300.00 have since paid 500.00
National payday we till owe them as we have only made 2 62.50 payments as our bank kicked out the two payments today of 237 each. so we owe them 275
You have overpaid 500 fast cash and United by a bunch. Have you
You have overpaid 500 fast cash and United by a bunch. Have you secured your bank account?
I am closing it today and hten going to send letters do you have
I am closing it today and hten going to send letters do you have a link ot sample letters? or suggestions on what to put into the letters? This has relieved so much stress knowing there is a way to stop this and not have to loose everything i have. do i need to call the iowa attorney general? i thought i read somewhere that i sh ould but i don't remmeber what for. All this has got my mind in a jumble
Yes, you should file complaints with your state AG, and FTC.
Yes, you should file complaints with your state AG, and FTC.
Here is a sample proposal letter. Just taylor it to fit your situation.
Quote:
Date: Name Of PDL Your Name City, State Account # After doing research regarding Internet payday loan laws in the State of _______, I have found that your Internet payday loans are actually illegal. I have also found the following laws to be true applying to payday loans in the State of _____ in general: Your State Information I hereby revoke any and all ACH authorizations with your company from debiting any of my personal accounts, per Federal law, Regulation E Section 205.10 Preauthorized transfers. I have closed my account with the XXXXXX to protect my interest in this matter, per instructions from The _____ Department of Finance. I also revoke any and all wage assignments I may or may not have signed with your company, I no longer authorize you, your company, or your affiliates to attach any part of my wages or contact my employer for your collection purposes. I have notified my employer about this matter so any attempts to do so on your part will be rejected. I demand that any contact be made through US Postal mail or email only. I will need everything in writing to keep accurate records of all communication as per instruction from my Attorney General's Office. I prohibit you or your affiliates to contact me via telephone at my place of employment or my home telephone number. I also prohibit you from calling my references listed on my loan. Due to the fact that Internet payday loans must be licensed in the state of ____ to be a legal and binding contract, your company should NOT issue loans to ____ residents at all. I am requesting that you send me your license number which enables you to offer loans to ____ residents. The legal amount that could have been charged to my loan is the principal amount, even IF your Internet pay day loan were legal anywhere in the U.S.. I am willing to pay the principle amount of the loan only, however, this is only if you provide me with a physical address where I can send payments. I must also inform you that I will be filing complaints with the Better Business Bureau, the Federal Trade Commission, and the ____ Attorney General's Office. I expect a response from your company no later than 5 days from the above date regarding this matter. This response may only come via US Postal mail or email. No telephone contact is permitted. Sincerely, Your Name CC: Better Business Bureau YOUR Attorney General Federal Trade Commission |
thanks i called my bank and let them know these things were ille
thanks i called my bank and let them know these things were illegal and that i was waiting on the iowa AG and the Iowa banking division people to call me as the guy wasn't in the office. THey got my two payments back and are freezing my account they are going to close it this afternoon and open a new one and then they will manually put through the checks we approve. i am soo relieved and they are being really nice. They do not know what a hard block is or an ach block but did assure me that once it is closed they will not let anything not okay by us thru. I asked to get this in writing she said no problem sooo hoping this will be taken care of
where do i find the account numbers for these payday loans i hav
where do i find the account numbers for these payday loans i have?
Let's start with the internet loans, all of the are illegal in I
Let's start with the internet loans, all of the are illegal in Iowa. There is no online PDL that is legal to lend in Iowa.
The AG and IDOB will get in touch with you very soon. I have worked with both departments and they are very good.
Good Luck
bnks_ngl - for phone numbers, you can do a search here, the BBB,
bnks_ngl - for phone numbers, you can do a search here, the BBB, or even your bank statement would sometimes list it.
Quote:where do i find the account numbers for these payday loans
Quote:
where do i find the account numbers for these payday loans i have? |
If you have the original contract the account numbers should be listed there. If you want to call each compnay personnaly they should be able to provide it to you. Your bank statement may only have the transaction ID#