Help with IPDL 1000Cashovernight

California law states that lending is legal. However pdl co is guided by the pdl lending laws applicable in CA.

They aren't licensed to lend in CA. If you have already paid the $500.00 on a $300.00 loan they OWE you $200.00. You have overpaid them. I am going to give you a link on how to deal with illegal lenders, please read it through and follow the steps, all your questions will be answered in that thread on how to deal with this company.
CLICK HERE to find out how to deal with illegal lenders.

I am going to send out an email to 1000cashovernight and just wanted to see if you think I have covered the bases. they called my Boss today and they gave me the phone number of the person that wanted to speak with me. Luckily, she didn't know who they were. Here is the letter:

I would like to take this time to notify you that I am revoking any and all wage assignments signed by me and I am revoking ACH authorizations to any of my personal accounts per the Electronics Funds Transfer Act.

907. Preauthorized transfers

(a) A preauthorized electronic fund transfer from a consumer's account may be authorized by the consumer only in writing, and a copy of such authorization shall be provided to the consumer when made. A consumer may stop payment of a preauthorized electronic fund transfer by notifying the financial institution orally or in writing at any time up to three business days preceding the scheduled date of such transfer. The financial institution may require written confirmation to be provided to it within fourteen days of an oral notification if, when the oral notification is made, the consumer is advised of such requirement and the address to which such confirmation should be sent.
(b) In the case of preauthorized transfers from a consumer's account to the same person which may vary in amount, the financial institution or designated payee shall, prior to each transfer, provide reasonable advance notice to the consumer, in accordance with regulations of the Board, of the amount to be transferred and the scheduled date of the transfer.

[Codified to 15 U.S.C. 1693e]

I ask you to cease communication with me through anything other than the USPS or email.
You may not contact my Employer, family, friends or any other references listed on my loan.
I have paid the original amount owed of 300.00 and paid interest of 200.00 when according to my States lending law,
The maximum fees that can be collected is 15% which I have paid.
I request that this loan be marked as paid in full and a letter sent to the address on file stating such.
I also request that the overpayment of 150.00 be refunded to me asap.
Sincerely,

I received this email from my HR department today even though I sent out the email to 1000 cashovernight and hadn't heard anything from them for almost a month. Here is HR's request.

We received the attached request to pay back a loan. I need to notify you so that you are aware that we have been requested to pay the amount indicated in the attached document.

Unless you instruct otherwise, we will process this on the next payroll.
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I just want to be clear before I tell our HR department that I do not wish to have this assestment go through and then I am taken to court that what they are asking for, 450.00 to pay off the loan, not including the 500.00 that I already paid them is illegal in California and I am within my states law that they do not allow rollovers.
What from your experience dealing with Payday lenders will be their next step? If I could get a quick answer, I would appreciate it as the HR department would like an answer today.

this pdl is not legal in CA,and therefore won't get a legal garnishment.tell your HR not to allow the wage assignment.in fact draft a WAGE ASSIGNMENT REVOCATION letter,and give it to them.do not worry about this illegal ipdl doing anything but stupidly threatening.

I sent an email to my Hr department and they stated that unless I get something from 1000 CashOvernight, they will need to comply with the assignment. From looking over the original contract that they sent my employer, the company is L&M Financial Ltd and Internationa Payments services are their EFT agent. I know 1000 CashOvernight is not going to send me anything, so is there anyway to stop them? I know it's not alot of money but it's the principle now that I'm informed.
Thanks

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why did they send an email asking for your okay before processing this?i would still give your HR person the letter,and inform your boss of this.what your HR person is doing is wrong.

I sent my Hr department and 1000 cashovernight a email stating what Shazzers said and so far they haven't taken any money from my payroll, Thank you Shazzer and paulmergel for the assistance. Hopefully this is the last time I have to go through this as I have definitely learned my lesson with payday lenders.

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Just an update on this issue. I sent my HR person the letter and an email to 1000CashOvernight and haven't heard anything back from them as of yet. I'm holding my breath that they give up on collecting as they know if was illegal.

hi all,
Well it looks like 1000cashovernight is back.
I received this email from them on Friday:

URGENT WE HAVE NOT RECEIVED YOUR PAYMENT /// FINAL NOTICE‏
From: Nicole Martin Sent:Fri 1/08/10 2:17 PMTo: Nicole Martin
.ExternalClass .ecxEmailQuote{margin-left:1pt;padding-left:4pt;border-left:#800000 2px solid;}[FONT=Times New Roman][SIZE=3]Dear Customer,

We were not able to collect payment on your pay day loan you took out with our company ?International Payment Services / 1000Cashovernight.com? as a result your account is seriously delinquent.

Please call us immediately to make arrangements for payment. We are in the process of turning this file over to our attorney?s to obtain a judgment against you to garnish any future wages, levy your bank accounts and intercept any income tax returns you may receive in the future. Failure to reach out to me will result in this item being reported to the credit bureaus, legal action including a court ordered garnishment of wages.

Please speak with Kadie in our legal department 877.933.1633
Please keep in mind that you can mail payments (certified checks or money orders) at anytime to the address listed below.
Your reference number is your social security number.
International Payment Services9710 Traville Gateway Dr #374
Rockville MD 20850
You may also send payments via MoneyGram (Express Pay)
Receive Code ? 6408
Pay To ? International Payment Services
City - Kensington
State ? MD
Account ? social security # minus dashes
Nicole Martin
AR Manager
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I have already emailed my States Attorney General and the FTC.
My question is, how should I answer them or should I just wait to see what happenes?
You help is always appreciated.


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did you forward that to your AG if not i would.also as long as they can't get anymore $$$ i would just ignore them.

Cool, thank you for responding. I have placed a block on them by notifying my bank. I will forward the email to them. I never thought of that when I responded to the questionaire on the website.

IPS mailed my former employer a bogus wage assignment that got shredded after I gave my HR person a copy of my wage assignment revocation documentation. I filed a complaints with the FTC, BBB and the NY and Maryland AGs, the latter of whom referred my complaint to my state's (NY) Office of Consumer Fraud. I'm still waiting to hear from them.

You may want to consider filing a complaint at www.ic3.gov as well.

It must be something in the air. Lo' and behold, I got the same email. Whatever.