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dcamp

Date: Mon, 05/17/2010 - 17:33

Submitted by anonymous
on Mon, 05/17/2010 - 17:33

Posts: 202330 Credits: [Donate]

Total Replies: 10


I live in MN, I have 5 pdl's - 2 I found are legal in my state, I did not find the other three - CMG, Cashdirect, and Mycashnow. Anybody know for sure if they are illegal? I have paid $720 on a $300 loan to CMG Group LLC, will I be able to send the C & D letter to them and be done?

I am on my 3rd loan with Mycashnow, or they also come up on my account as PaydayMax, loan for $810.00, I have paid $394 in financing and principal.

Cashdirect loan is $410, I have paid $212 on this loan.

I bank with TCF, Anybody know how they will help? I have so many bills that come out automatically, closing my account will be a big pain, but I don't think I have any choice, they are robbing me every Friday.

If anybody can give me advice and information to confirm if these PDL's are illegal so I can close my account ASAP.

Thanks Dcamp


Quote:

Originally Posted by Shazzers
If they aren't following your payday loan laws, the chances of them being licensed is slim to none, I know for certain that mycashnow and payday max aren't licensed, I am leaning towards not licensed on the 3rd one. CLICK HERE to find out how to deal with unlicensed lenders.
t y


You have been very helpful, I have been reading thru all the threads for the whole weekend. I did see one that you & James wrote about calling Processors, do you think I should go to my bank first, or call Processors. I really don't want to close my account, if that is what I have to do I will, was hoping it wouldn't go that far.

Thanks

Dcamp


lrhall41

Submitted by dcampbell409 on Mon, 05/17/2010 - 18:51

( Posts: 14 | Credits: )


Quote:

Originally Posted by dcampbell409
t y


You have been very helpful, I have been reading thru all the threads for the whole weekend. I did see one that you & James wrote about calling Processors, do you think I should go to my bank first, or call Processors. I really don't want to close my account, if that is what I have to do I will, was hoping it wouldn't go that far.

Thanks

Dcamp

Quite honestly, I would go to another financial institution and open a new account, then I would close your current account. Unlicensed lenders have so many different sister companies they share information with that leaving that account open would compromise your privacy and provide sister companies with too many future opportunties to steal your money.


lrhall41

Submitted by Shazzers on Tue, 05/18/2010 - 05:03

( Posts: 17344 | Credits: )


I spoke with my bank, I cannot close my account till Monday, Cashdirect will be taken out on Friday, which I owe on the principal anyways, the bank said we will close that account and then it cannot be reopened by them. I will send the letters out on Monday, anybody have an example of a letter I can use for these 3? I will pay the principal left, and send them c & d letter along with the MN law, and maybe can get some money back from CMG, they over charged me $320.00.

Am I missing anything else I should do?

Thanks for the help.

Dcamp


lrhall41

Submitted by dcampbell409 on Tue, 05/18/2010 - 10:14

( Posts: 14 | Credits: )


Was wondering if anybody had email addresses for my PDL

Mycashnow/Paydaymax
CMG Group LLC
Cashdirectexpress

Thanks again for all the help everyone.


lrhall41

Submitted by dcampbell409 on Wed, 05/19/2010 - 15:18

( Posts: 14 | Credits: )


My account was closed, I see they all are trying to take out money today. I sent them emails on Tuesday, I show none of the emails we're returned, should I also mail a copy of the letter? I tried finding fax numbers, didn't have any luck. Who knows if the addresses I have are right.


lrhall41

Submitted by on Fri, 05/28/2010 - 05:48

( Posts: | Credits: )