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Drowned in pay day loans

Date: Mon, 09/14/2009 - 14:26

Submitted by Morena Elias
on Mon, 09/14/2009 - 14:26

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Total Replies: 7


I live in Los Angeles, California and have 4 pay day loans which have been refinance for several months, one is Impact Cash loan amount was $350.00 with $105 bi-monthly fee; 2nd is 500 Fast Cash loan amount $350.00 with $105 bi-monthly feee; 3rd is Titan Group LLC loan amount $300 with $90 bi-monthly fee; 4th is Cash Supply loan amount $900.00 with $225 bi-monthly charge, are all these loans legal in California? if not what can I do to stop their charges?


I visited my bank and I was able to open a new account but since I have direct deposit and my pay check will be deposited this Friday they were not able to close the account until after my direct deposit goes through. The bank manager advise me to file a claim with the bank so that I can get reimbursed for the amounts the 3 companies not legal here in California have charge me as it is considered fraud, should I do this or just close the account after Friday? I am writing a letter of to all 3 PDL companies to stop making any charges on my account as they are not legal in California.


lrhall41

Submitted by eliasmbe on Tue, 09/15/2009 - 09:12

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I asked my bank to place a ACH hold on my account as directed by the counselling company I went through, but they told me they can only block individual items for a fee. I ended up closing the account. If they did place an ACH hold on my account it would have caused more problems as I had car insurance, cable, and other bills automatically deducted from the account, so if you're in this boat you might just want to close the account so you don't have to keep up with paying regular bills manually.


lrhall41

Submitted by James Spring on Tue, 09/15/2009 - 09:39

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500fastcash - They are also affiliated with MTE Illegal
"customerservice@500fastcash.com"
500 fast Cash
515 GSE
Miami Ok 74354
888 339 6669

Impact Cash LLC
1551 RENAISSANCE TOWNE DR, STE 560
Bountiful, UT 84010
Telephone: (435) 214-4148

I don't have Titan Group but if you perform a search on this site you may be able to locate it. Just type the name of the company into the search box located in the upper right hand corner of this forum.


lrhall41

Submitted by Shazzers on Tue, 09/15/2009 - 10:17

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