Need advice on TN PDL quicksand

CLOSE YOUR ACCOUNT FIRST!

Some of your lenders aren't licensed anywhere in the U.S., I need some time to figure out who is and who isn't but I need to know if all of these are Internet lenders. Also, TN does allow Internet lenders as long as they are licensed somewhere in the U.S., you need to find out what state your lenders are licensed in and follow the laws of that state. But, like I said, some aren't licensed anywhere, I need to sort that out as soon as you let me know if these are all Internet pdl's.

Thank you Shaazers. They are all indeed internet lenders!

[FONT=Times New Roman][SIZE=3]Flobridge is only licensed in Utah.
http://168.177.228.15/reglistf.htm

[/SIZE][/FONT][FONT=Times New Roman][SIZE=3]Discount Advances aka Credit Protection Depot - [/SIZE][/FONT][FONT=Times New Roman][SIZE=3]Not licensed anywhere!
[/SIZE][/FONT][FONT=Times New Roman][SIZE=3]1.800.446.8482. Their fax number is 1.866.729.3376

[/SIZE][/FONT][FONT=Times New Roman][SIZE=3]Everest cash advance[/SIZE][/FONT] - Not licensed anywhere, in fact they are located in the Bahamas.

[FONT=Times New Roman][SIZE=3]Loanshoponline[/SIZE][/FONT] - Not licensed anywhere

Ok, so if they are not licensed, then what's that exactly mean?

Loanpointusa - Not licensed anywhere!


Paradise Cash Advance- I am not sure about them but I am leaning toward not licensed anywhere, you may need to do some research on them.
International Equites Group, LLC
(866)-321-6114 x 136
Fax: (866)-287-9563

[FONT=Times New Roman][SIZE=3]AceCashservices[/SIZE][/FONT] - Not licensed anywehre

Paychecktoday - Not licensed anywhere.

You will need to do some research on the rest of your lenders, just type in the name of the lender into the search box located in the upper right hand corner of this forum, also take a look at their contract to see if they state they are licensed in any particular state and check it out here:
http://www.paydayloaninfo.org/stateinfo.asp

I am thinking that all but one of yours are all illegal, but please double check on it.

Quote:

If you follow the steps provided in the link I gave you above on how to deal with illegal lenders it will guide you through the process of how to overcome this vicious cycle.

I have to go for awhile but if you have any further questions feel free to post, there will be someone here to reply.

Thanks for your help, Shazzers. I will get the ball rolling on this asap. I'm glad to know that there are options on how to deal with these loansharks.

Ok, I have stopped my direct deposit into this account effective next week, and I will be going by the bank to close this account and get a new one.

Is it safe to get another account with the same bank, cause I love the bank I use (Fort Sill)?

You need to close the account, Direct deposit will only stop money going IN your account. Not going out. I would explain to your bank what is going on and ask them if you can close your current and open a new one. ALWAYS talk with your bank in these cases

Quote:

see the manager and explain the situation.they should be able to open a new account not linked to the old one.also talk to the manager about if these places attempt to debit that the account will remain closed.that is key,but you can open a new account at the same bank.the manager should be able to help with that.

Quote:

And further more, there is a cap on the interest which can be charged to Military Personnel by ANY and ALL payday lenders.

Quote:

Ok, I have hit a snag. Last week I got hit with a $99.95 charge from Platinum Services that I never authorized, and the bank is investigating it so I can get my money back. Downside is that I cannot close my account until that is over with.

Good news is that I don't have any PDL's coming due until next week. I'm really hoping the bank takes care of this in a hurry, though. I will keep you posted.

Thank you again for all your help.

Some of the internet lenders also have this wonderful little "snag" of they seem to have signed you up for something (and will tell you that you signed for it when you did the acceptance). Chances are you won't be able to get the money back on that one unless the bank reverses the charges for you. I am still waiting on my supposed "check" to come to me from one of those scams as well --- and that was in 2007. :)

Hang in there and know you are NOT alone in this and this too shall pass. It's amazing how much most of us "didn't" know until we knew!

I just checked my account, and they (the bank) has already put my money back in from that Platinum Services crap. I also just got off the phone with the bank and I will be able to close this account today :)

I have a question, and it's only half-serious: What would actually happen if I didn't pay any of these places one red cent? Will someone from The Soprano family come to my house and whack me?

Shazzers, I have done all the research I can (with my limited knowledge of where to look), and can't find anything on the remaining lenders (the ones you knew nothing about). Any luck on your end?

Ok, disregard my last post, as I found the answers I was looking for.

Changed my bank account today (closed, then opened a new one with the same bank).

My next question is when do I send the C&D letters? Before I get turned over to collections or after?

Send them as soon as your bank account is closed, asap!

Will do! Thank you for all your help!

So what can I expect next from these "companies"?

Quote:

I was married for 10 years, nothing scares me.

If they get too rude on me, I'll go all Tom Cruise in "Tropic Thunder" on them.

Quote:

Ok, I'm back with an update:

The only companies that have even attempted to contact me after having their ACH debit requests returned from my bank are Loan Shop Online, FloBridge (the only legal one on my list), and Credit Protection Depot. I have mailed the C&D letters, and I'm just waiting for responses, if any.

Somehow, I'm not real worried about these companies, since they have no leg to stand on legally.