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PDL help in TN

Date: Fri, 12/17/2010 - 05:34

Submitted by anonymous
on Fri, 12/17/2010 - 05:34

Posts: 202330 Credits: [Donate]

Total Replies: 56


Hi. I'm hoping that someone can help me. I've gotten into this terrible mess since my car accident and I am now paying so many PDL fees that I can't keep up with my house or car pmts. I bank with Bank of America and live in TN. I'm terrified that if I stop pmt, these people will call work and speak with my supervisor and get me in trouble at work. They do have my personal work #.

Here's my breakdown. All these are internet loans.
[LIST=1]
  • Loanpoint - original $600 loan fee $180 paid $1,980 balance due $600
  • Integrity Advance - original $500 loan fee $150 paid $1,780 balance due $100
  • Pay Day One - original $800 loan fee $173.08 paid $1,086.17 balance due $800
  • Ameriloan - original $300 loan fee $90 paid $735 balance due $150
  • Nationwide - original $300 loan fee $90 paid $90 balance due $300
  • Paycheck today - original $400 loan fee $120 paid $360 balance due $400
  • US fastcash - original $300 loan fee $90 paid $180 balance due $300
  • Payday loan yes - original $350 loan fee $105 paid $105 balance due $350
  • Huskhawk - original $300 loan fee $90 paid $90 balance due $300
  • National payday - original $300 loan fee $90 paid $0 balance due $300
  • Zip 19 - original $755 loan fee $150 paid $0 balance due $755 (this one isn't a rollover) I've been renewing this one for about a year because I don't have any money left after these fees are coming out.
    Thanks for any help possible


    • I did take the letters into the bank. The representative said that you can't revoke ACH authorizations to them because then everyone could just take out payday loans and cancel their authorization without paying it.

    It looks like they've let the account open again today so more charges will come out. Why can they not get that? I've told countless people over there that I have revoked ACH withdrawals from that account.

    I'm going to call and set up an appointment with a branch manager today and show them the EFT law that you pasted. Maybe it will work, maybe not. I'm going to do as little business with BoA as possible since they are such a pain to work with.


    lrhall41

    Submitted by Klier on Wed, 01/05/2011 - 02:32

    ( Posts: 54 | Credits: )


    I sent out reminder emails to all companies with the previous letter (ach revocation, refund demand, settlement info) to all pdl companies again today. Am I still doing things right?

    Paycheck today sent the same thing as before:
    [COLOR=navy]Yes we are a legal entity. We are a Canadian Tribal entity that is NOT required to be licensed by your state. We have sovereign immunity to state regulations. [/COLOR]
    [COLOR=navy][FONT=Arial][/FONT][/COLOR]
    [COLOR=navy]So, I responded:[/COLOR]
    [COLOR=navy][FONT=Arial][COLOR=#1f497d]As I stated earlier, I am not a resident of any Canadian Tribe, have never prescribed to be a resident of any Canadian Tribe and have no Canadian Tribe presence, as such I am not subject to the Canadian Tribal laws that you detail. While you may be a ???legal??? entity in your Canadian Tribal region, you are not licensed to lend in any U.S. state that makes you an illegal/unlicensed lender in the state of TN. My state law, TN, prevails over any financial transactions that I enter.[/COLOR]
    [COLOR=#1f497d] [/COLOR]
    [COLOR=#1f497d]If you would like me to pay the remaining $40 of my balance, please send me a physical address and a paid in full statement.[/COLOR][/FONT][/COLOR]


    lrhall41

    Submitted by Klier on Thu, 01/06/2011 - 10:41

    ( Posts: 54 | Credits: )


    Good point on BoA. I will do that. I spoke with a friend who used to work with a bank and she said the exact same thing that you have said.

    By the way, since paycheck today is being really ugly, I have filed a complaint with the BBB in Tulsa (they have an F score already), the OK attorney general's office, the FTC, and will file with the TN attorney general.

    I will definately follow up on the BoA thing. My friend said that I should demand them to return the 4 NSF charges that I had to pay to close my account out.

    Thanks Shazzers for your help.


    lrhall41

    Submitted by Klier on Thu, 01/06/2011 - 11:58

    ( Posts: 54 | Credits: )


    Anyone have a US address for this company? I sent the standard letter to them via email 12/28 and again yesterday revoking Ach authorization and requiring contact through email or postal mail only.

    Well, I've been getting these strange calls at work at least once a day for the past week or so. Googled the # and guess who it is? Paydayloan yes.

    I think that qualifies for an FTC complaint but I think that I need a bit of information about the company to file one. I've seen that they're located in the Bahamas. Don't know if the FTC will take complaints agains a foreign co??


    By the way, filed complaints against Paychecktoday with Ok attorney general, BBB, and FTC. Will keep everyone updated on that saga!


    lrhall41

    Submitted by Klier on Fri, 01/07/2011 - 07:28

    ( Posts: 54 | Credits: )