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Need payday loan in KY, all internet paydays

Date: Wed, 07/07/2010 - 03:47

Submitted by Shawn Mallory
on Wed, 07/07/2010 - 03:47

Posts: 9 Credits: [Donate]

Total Replies: 22


Hi,

I am currently thinking of going with Destination Debt or Langhorne Debt Solutions to solve my payday loan problem. I currently have $3300 in payday loans, and close to $900+ fees coming out twice a month, this is killing me.

I'm hoping someone here can help me with some direction on this?

My current loans are as follows:

PayDayMax[SIZE=2] $ 500.00 [/SIZE]IdealGetit[SIZE=2] $ 500.00 [/SIZE]Star Cash Processing[SIZE=2] $ 300.00 [/SIZE]Integrity Advance[SIZE=2] $ 300.00 [/SIZE]Cash Advance Network[SIZE=2] $ 300.00 [/SIZE]SignMyLoan.net[SIZE=2] $ 350.00 [/SIZE]LoanPointUSA[SIZE=2] $ 300.00 [/SIZE]USFastcash[SIZE=2] $ 300.00 [/SIZE]UpFront Cash[SIZE=2] $ 200.00 [/SIZE]Instant Loans Now.com[SIZE=2] $ 200.00 [/SIZE]

Thank you,
Shawn


Internet payday lenders are NOT legal in your state, see the link below:
http://www.paydayloaninfo.org/stateinfo/KY.asp
NONE of these lenders are legal lenders, NONE!
What you REALLY need to do is CLOSE YOUR ACCOUNT and make payment arrangements with them via the mail, all you would have owed them to begin with is the amount you originally borrowed! Nothing more! CLICK HERE to find out how to deal with illegal lenders.


lrhall41

Submitted by Shazzers on Wed, 07/07/2010 - 03:53

( Posts: 17344 | Credits: )


This is what I would do, go to another bank, open a new account, then close the current one. Then I would read the thread I gave you above on how to proceed, it is a step by step guide on how to deal with illegal lenders, there's no sense in paying someone else to do, what you can do free, and probably much more effectively due to the fact that NONE of these are licensed/legal lenders.


lrhall41

Submitted by Shazzers on Wed, 07/07/2010 - 03:56

( Posts: 17344 | Credits: )


Shazzers,

Thanks so much for your quick response. I think I'm going to take your advice and take this on myself given the information you have provided. I'll keep you posted with progress, and also may ask a few follow-up questions along the way if you don't mind as things progress.

Thanks!
Shawn


lrhall41

Submitted by Shawn Mallory on Wed, 07/07/2010 - 04:38

( Posts: 9 | Credits: )


Thought I would post the following email that I sent to the Kentucky Department of Financial Institutions for everyone's reference:Sent: Wednesday, July 07, 2010 7:45 AMTo: PPC KFI (CMS)Subject: Internet Payday Loan Question - Kentucky ResidentTo Whom it May Concern:I am a resident of Kentucky and unfortunately have taken out several internet payday loans. I recently read on a consumer debt site that internet payday loans are illegal to issue to Kentucky residents, and that I should only be liable for the principal of the loan since they were not legal to issue the loan to begin with.I am hoping to confirm this information with your office. I was provided the following link as a reference that internet payday loans are in fact, not legal in the State of Kentucky.http://www.paydayloaninfo.org/stateinfo/KY.aspYour response would be greatly appreciated so that I may move forward with dealing with these companies on her behalf.Thank you!And their response:I am responding to your question below. Kentucky law requires a company to have a license to act as a payday lender in Kentucky. As a result, if the internet company you are dealing with is not licensed by Kentucky, the payday loan is void pursuant to KRS 286.9-035(1) which states Any deferred deposit transaction agreement made with a person who is not licensed under this subtitle shall be void, and the person shall not collect any principal, fee, interest, charges, or recompense whatsoever. Thank YouSo, I am proceeding with closing my account. I'm going to use the email/letter template that is in the other thread that you posted to use, customizing it to fit my state's guidelines, reference this part of Kentucky's lending practices, and see where we go from there.Thanks for all the help!


lrhall41

Submitted by Shawn Mallory on Wed, 07/07/2010 - 10:39

( Posts: 9 | Credits: )


Thanks. Must have got someone else's attention as well. Getting a phone call from ACS, National Afficavit Processing Department, 347-844-6831, Eddie Rugrus, calling at work. Anyone have a physical location for this company so that I may send them the appropriate documentation. Or is there a different approach to dealing with this company?


lrhall41

Submitted by Shawn Mallory on Mon, 07/12/2010 - 12:47

( Posts: 9 | Credits: )


Quote:

Originally Posted by Shawn Mallory
Thanks. Must have got someone else's attention as well. Getting a phone call from ACS, National Afficavit Processing Department, 347-844-6831, Eddie Rugrus, calling at work. Anyone have a physical location for this company so that I may send them the appropriate documentation. Or is there a different approach to dealing with this company?


they are a complete scam.i suspect they are connected with the MTE loans.usfastcash being one.eddie is mutated garbage.first file a police report for the calls.then file AG,and FTC complaints as well.then hang up on his sorry self as there is conjecture where this place is actually located.some say they are not located in this country,and alot of illegal lenders sell info to these people.most of all he can't do a thing except call.hang up in his face everytime without a word.that is what he deserves.


lrhall41

Submitted by paulmergel on Mon, 07/12/2010 - 13:03

( Posts: 15514 | Credits: )


So USFastCash responds back to the BBB complaint with the following:To Whom It May Concern:We recognize this complaint as a response to information circulating the Internet. This information is full of mis-leading and inaccurate statements. Unless this customer has a specific complaint regarding the handling of their account, we do not believe a response is warranted. Thank you for your consideration in this matter.My response:The consumer indicated he/she DID NOT accept the response from the business.)I do not accept this response as the company has not addressed the fact that they are illegally lending. If they are in fact able to lend in Kentucky, then I suggest they send forward their license detailing that.After this I moved forward with filing a FTC complaint against them, filing a complaint with Kentucky Attorney General, and I also am reading through the FBI's Internet Crime Complaint site, where I believe I have legitimate compalint to file on them there as well. http://www.ic3.gov/default.aspx They referred account to ACS, I'm assuming, and I also filed a FTC complaint against ACS, and wrote to USFastCash again warning them if it continues I will file complaint with the phone company, record any audio interaction between both them and ACS, and I will file a police report.


lrhall41

Submitted by Shawn Mallory on Tue, 07/13/2010 - 12:24

( Posts: 9 | Credits: )


Quote:

Originally Posted by Shawn Mallory
Upfrontcash and InstantLoans now just sent e-mails stating my account was paid in full. In addition, UpfrontCash refunded all of the money I paid over the principal amount of the loan!! Amazing, thanks so much for all your help!

Woooohoooooo, let's all do the happy dance!


lrhall41

Submitted by Shazzers on Wed, 07/14/2010 - 12:35

( Posts: 17344 | Credits: )


Quote:

Originally Posted by Shawn Mallory
Thought I would post the following email that I sent to the Kentucky Department of Financial Institutions for everyone's reference:Sent: Wednesday, July 07, 2010 7:45 AMTo: PPC KFI (CMS)Subject: Internet Payday Loan Question - Kentucky ResidentTo Whom it May Concern:I am a resident of Kentucky and unfortunately have taken out several internet payday loans. I recently read on a consumer debt site that internet payday loans are illegal to issue to Kentucky residents, and that I should only be liable for the principal of the loan since they were not legal to issue the loan to begin with.I am hoping to confirm this information with your office. I was provided the following link as a reference that internet payday loans are in fact, not legal in the State of Kentucky.http://www.paydayloaninfo.org/stateinfo/KY.aspYour response would be greatly appreciated so that I may move forward with dealing with these companies on her behalf.Thank you!And their response:I am responding to your question below. Kentucky law requires a company to have a license to act as a payday lender in Kentucky. As a result, if the internet company you are dealing with is not licensed by Kentucky, the payday loan is void pursuant to KRS 286.9-035(1) which states Any deferred deposit transaction agreement made with a person who is not licensed under this subtitle shall be void, and the person shall not collect any principal, fee, interest, charges, or recompense whatsoever. Thank YouSo, I am proceeding with closing my account. I'm going to use the email/letter template that is in the other thread that you posted to use, customizing it to fit my state's guidelines, reference this part of Kentucky's lending practices, and see where we go from there.Thanks for all the help!



what is the letter that you sent? i am an ky resident i have several internet pdls. i sent the one stating they are illegal and 2 responded with accounts considered paid in full and closed but the others continue to call my job, i have refaxed and emailed the letter with the part stating that i demand they contact me by email or us postal mail but they still call.


lrhall41

Submitted by on Thu, 07/15/2010 - 06:59

( Posts: | Credits: )


Quote:

Originally Posted by Anonymous
what is the letter that you sent? i am an ky resident i have several internet pdls. i sent the one stating they are illegal and 2 responded with accounts considered paid in full and closed but the others continue to call my job, i have refaxed and emailed the letter with the part stating that i demand they contact me by email or us postal mail but they still call.



i want to include that response from the ky department of financial institutions in a new letter i send to the pdls.


lrhall41

Submitted by on Thu, 07/15/2010 - 07:02

( Posts: | Credits: )


Quote:

Originally Posted by miraclemom
Shawn~Any updates?


Shawn: I live in Ohio and one of my internet pdl is Integrity. They are not legal to do business in Ohio either. My original loan to them was $380 and I have paid back $612. I asked them to send me an account history. Their account history did not match my bank statements. They showed that I have only paid back $410. I wrote them back and not only demanded a refund but a paid in full letter. To date, I have gotten nothing. I have not heard anything from them since July 8. Let me know how it went for you with Integrity.


lrhall41

Submitted by Lizzie1014 on Fri, 07/23/2010 - 10:33

( Posts: 382 | Credits: )


Quote:

Originally Posted by mpatt
I also live in KY & am close (hopefully) to getting totally out of this trap. Don't know if anyone mentioned it - but Ky recently passed a new law that states that ANY internet PDL obtained BEFORE 2010 is null & void & you owe NOTHING - including the principal!!!



I wish they would pass that law in Ohio


lrhall41

Submitted by Lizzie1014 on Fri, 07/30/2010 - 07:00

( Posts: 382 | Credits: )