Step-by-step any where???
Date: Mon, 05/17/2010 - 07:31
But because there is so much, I am a little overwhelmed...
In short, I am stuck with 3 loans that are bringing me down to a point that I can't meet my regular bills with out renewing again and again...
I am in Texas and the three loans I have are :
US Fast Cash $500
Magnum Cash Advance $1500
Cash Transfer Center $1065...
I really need to get out of these so I can make my mortgage this month...
Any links and pointers would really help, I am almost to the point where I am willing to pay some to get out from under these guys...
Thanks in advance!
CLOSE YOUR ACCOUNT! None of these lenders are licensed in lend i
CLOSE YOUR ACCOUNT! None of these lenders are licensed in lend in your state and your account will never be safe again. Hang on a minute I will return with more info.
If you have renewed these loans several times the chances of the
If you have renewed these loans several times the chances of them being paid off (and more) are very high. When obtaining a loan from an unlicensed lender (not insinuating you knew they weren't licensed) all you are legally obligated to pay them back is the principal amount you borrowed to begin with, no interest or fees should be paid to these lenders, they aren't entitled and do not deserve it. I am going to give you a link, it is a step by step guide on how to proceed, don't skip any steps, follow it step by step. I know that closing your account is a pain in the butt but it is crucial! Your personal information has now been compromised, therefore, closing it is the only sure way to protect it. I would go an open a new account somewhere else before you close this one, then have your direct deposit (if you have one) redirected, also transfer any auto payments to legit debts asap! CLICK HERE to find out how to deal with unlicensed lenders.
In the meantime, you could go into your bank, speak directly to
In the meantime, you could go into your bank, speak directly to the branch manager (no one else will do), and demand they place a hard debit block on your account until further notice, explain to them that your account information has been compromised with some online unlicensed lenders and at the time you obtained them you had NO idea this would turn into a catastrophe, just a suggestion, you can actually tell them what you want. Don't take no for an answer, tell the branch manager it is CRUCIAL they place a hard debit block on your account until you can resolve this. Also, file complaints asap with the FTC (link in my signature) BBB and your AG. Print those complaints out and take them with you to the bank as proof that your account has been compromised, the more ammunition you take with you to the bank, the better the chances of them acting quickly so you can get this resolved. Just another suggestion. :)
Edited for spelling. lol
Shazzer is Correct
Close your bank account and go somewhere and open another one. When you do they will make all kinds of threats including bank fraud. It's all smoke and mirrors. Then you will get lots of phone calls. Chances are they will finally go away. Don't answer and don't return their calls.
do I need to move to another bank, or wil the same one be suffic
do I need to move to another bank, or wil the same one be sufficient?
Quote:Originally Posted by ShazzersCLOSE YOUR ACCOUNT! None of t
Quote:
Originally Posted by Shazzers CLOSE YOUR ACCOUNT! None of these lenders are licensed in lend in your state and your account will never be safe again. Hang on a minute I will return with more info. |
thanks so much for this info!!!
Where did you find the information about these lenders not being licensed??? I am starting my letters and just coverning all my bases....
You guys are awesome!!!
If they aren't listed at the link below, they aren't licensed, a
If they aren't listed at the link below, they aren't licensed, and none of yours are.
http://168.39.159.59/default.asp
Quote:Originally Posted by ShazzersCLOSE YOUR ACCOUNT! None of t
Quote:
Originally Posted by Shazzers CLOSE YOUR ACCOUNT! None of these lenders are licensed in lend in your state and your account will never be safe again. Hang on a minute I will return with more info. |
How does this information relate to what you are saying. Kind of scary for me to read this:
http://paydayloanlegislation.com/texas.html
I am not trying to question you, just trying to dot my i's and cross my t's..
Thanks again!!!
Quote:Originally Posted by ShazzersIf they aren't listed at the
Quote:
Originally Posted by Shazzers If they aren't listed at the link below, they aren't licensed, and none of yours are. http://168.39.159.59/default.asp |
Shazzers - what is this link to? I can't ever get it to come up? Keeps telling me the page can't be displayed. Have tried it in the other places i've seen it listed also but it never works for me. :(
Quote:Originally Posted by jzepedaFirst of all, thanks for all t
Quote:
Originally Posted by jzepeda First of all, thanks for all the information here, it is awesome and gives me hope... But because there is so much, I am a little overwhelmed... In short, I am stuck with 3 loans that are bringing me down to a point that I can't meet my regular bills with out renewing again and again... I am in Texas and the three loans I have are : US Fast Cash $500 Magnum Cash Advance $1500 Cash Transfer Center $1065... I really need to get out of these so I can make my mortgage this month... Any links and pointers would really help, I am almost to the point where I am willing to pay some to get out from under these guys... Thanks in advance! |
I feel for ya - I have loans with usfastcash & Magnum also - I know my loan with Magnum is only $600 & the payments are so high I feel like I'm paying another car note~
Quote:Originally Posted by Tammy ClemmonsI feel for ya - I have
Quote:
Originally Posted by Tammy Clemmons I feel for ya - I have loans with usfastcash & Magnum also - I know my loan with Magnum is only $600 & the payments are so high I feel like I'm paying another car note~ |
any luck getting our from them?
Quote:Originally Posted by jzepedaHow does this information rela
Quote:
Originally Posted by jzepeda How does this information relate to what you are saying. Kind of scary for me to read this: http://paydayloanlegislation.com/texas.html I am not trying to question you, just trying to dot my i's and cross my t's.. Thanks again!!! |
Read the link below, it pertains to the link you provided.
http://www.debtconsolidationcare.com/getting-loan/payday-industry.html
Quote:Originally Posted by Tammy ClemmonsShazzers - what is this
Quote:
Originally Posted by Tammy Clemmons Shazzers - what is this link to? I can't ever get it to come up? Keeps telling me the page can't be displayed. Have tried it in the other places i've seen it listed also but it never works for me. :( |
It's suppose to be the payday loan licensee data base, if you click the link below it shows you TX payday loan laws, scroll down and it will give you a link for the licensee data base, it must not be working right now.
http://www.paydayloaninfo.org/stateinfo/TX.asp
Quote:Originally Posted by jzepedaHow does this information rela
Quote:
Originally Posted by jzepeda How does this information relate to what you are saying. Kind of scary for me to read this: http://paydayloanlegislation.com/texas.html I am not trying to question you, just trying to dot my i's and cross my t's.. Thanks again!!! |
Not sure what you're asking me, all I was trying to explain is this; due to the fact that US Fast Cash, Magnum Cash Advance and$1500
Cash Transfer Center are NOT licensed to lend in TX, no matter what you do, if you keep that account opened, eventually, these lenders will debit that account again, and probably use another name, so, closing it is the only real way to assure your account info is no longer compromised.
Quote:Originally Posted by ShazzersNot sure what you're asking m
Quote:
Originally Posted by Shazzers Not sure what you're asking me, all I was trying to explain is this; due to the fact that US Fast Cash, Magnum Cash Advance and$1500 Cash Transfer Center are NOT licensed to lend in TX, no matter what you do, if you keep that account opened, eventually, these lenders will debit that account again, and probably use another name, so, closing it is the only real way to assure your account info is no longer compromised. |
Okay, I will definitely close both of my accounts at the bank or is that excessive?
My question was, Can these lenders hide under the disguise of a CSO that is mentioned in the link I posted. I guess my other question in this vein is wondering if it is listed or posted anywhere that I am not obligated to follow their laws but they must follow Texas laws because I am here and it doesn't matter where they are...
Thanks for all you answers, sorry if I am a little scared...
Quote:Originally Posted by Tammy ClemmonsShazzers - what is this
Quote:
Originally Posted by Tammy Clemmons Shazzers - what is this link to? I can't ever get it to come up? Keeps telling me the page can't be displayed. Have tried it in the other places i've seen it listed also but it never works for me. :( |
Thanks Shazzers - must be a mess up on their end - can't get it to work going directly to their site either - hopefully it will be up and working again - that would be great information for us to be able to access.:p
Quote:Originally Posted by jzepedaany luck getting our from them
Quote:
Originally Posted by jzepeda any luck getting our from them? |
I'm in the process now - my advice on the question of whether to stay with the same bank - NO! There's always a chance someone who works in your current bank will see that you just have a new acct & forward your debits to your new acct - (even though they aren't supposed to) They think they are doing you a courtesy when all they've done is opened up your new acct to the thieves! I'm opening up an account in a completely different bank that has absolutely ZERO ties to my old acct. I should be able to close out my acct by Monday after a few more checks are expected to clear tonight & then I'll send my letters to the loan places next tuesday or wednesday which still gives me a week before they are due to take money again.:smile:
Quote:Originally Posted by jzepedaOkay, I will definitely close
Quote:
Originally Posted by jzepeda Okay, I will definitely close both of my accounts at the bank or is that excessive? My question was, Can these lenders hide under the disguise of a CSO that is mentioned in the link I posted. I guess my other question in this vein is wondering if it is listed or posted anywhere that I am not obligated to follow their laws but they must follow Texas laws because I am here and it doesn't matter where they are... Thanks for all you answers, sorry if I am a little scared... |
I wouldn't worry or be scared, even if they do TRY that, if your account is closed not much else they can do about it, most of the lenders you have aren't even located in the U.S.