Reside in Arizona, but have mutliple outstanding PDLs

well please provide the following.

1)names of each lender
2)amount borrowed from each
3)amount debited by each thus far

ipdl's still have to have a license to lend and if they don't then you only owe the principle.as far as BSof A goes.google the EFT act(electronic funds transfer)act.you can revoke ACH debits at anytime.print that out and take it to the branch manager.that is a federal law they have to obey it.answer those questions and we can help you here.

DJR Group, LLC Borrowed amt $300, paid to date $1,170
National Payday Borrowed amt $600, paid to date $1,200
My Cash Now Borrowed amt $1,200, paid to date $1,221.99
My Next Paycheck Borrowed amt $600, paid to date $720
AdvanceMeToday Borrowed $600, paid to date $336
MyPaydayLoan Borrowed $1,000, paid to date $500

well then the only two you owe are advancemetoday,andmypaydayloan.those amounts are

advanceme you owe 264.00
mypaydayloan you owe 500.00

go to the sticky titled DEALING WITH ILLEGAL LENDERS.follow it exactly to the letter.it will help you get these illegals out of your life.

So, will this letter basically serve as a settlement to the other PDLs and I can insert a ZERO amount in the spot where it says I would settle the account? Then lay out the previous payments already made?

well you can actually customize it as you are owed refunds of the amount overpaid on those.so it is a template,but you can alter it to your needs.

So given all the loans, you have overpaid by $1,1611.99 and on the two you owe $764! Seems in a perfect world you are OWED $847.99....Stay Strong with BofA and get that account closed. It is the LAW. then sned the letter as advised, and never give up hope!

Okay, BofA was AWESOME!! They shoved back ALL the ACHs and I closed my checking account officially today. I just reopened a new one and move my money back into it.

Now it's on like King Kong in the battle against these SOBs. I am going to start firing out the letters now. Should I also send out a C & D letter? Or does this letter cover that part? I really don't want them contacting my place of business.

Thanks again you guys!!!

I am also in AZ and was in a similar situation about 5 months ago. Here is the letter I used and ended up with PIFs from all but one lender. The last one I have just never heard from again. Good luck and be strong!!I have recently become aware of the fact that as of July 1, 2010, payday loans are illegal in the state of Arizona. (Please see attached letter from Arizona Attorney General Terry Goddard) As such, all loans made to residents in the state of Arizona under $10,000 are subject to the Arizona Consumer Lending laws which require all consumer lenders to obtain a license from the Arizona Department of Financial Institutions. (Please see attached Arizona Consumer Lending laws) Upon searching the ADFI database, I am unable to locate a license for your company. If I am in error regarding your licensing status, please provide me with your license number so that I may verify its status with the ADFI. Since your company is not licensed to lend to residents of the state of Arizona, the loan contracts I entered into are void and unenforceable, regardless of the laws cited in the contract itself.Effective immediately, I hereby revoke any and all ACH authorizations with your company from debiting any and all of my personal accounts, per Federal law, Regulation E Section 205.10 Preauthorized transfers. I also revoke any and all wage assignments I may have signed, including but not limited to; any of your affiliates, dba's, and collection agencies assigned to this account. I have forwarded copies of this revocation to my employer???s payroll department in the event you attempt to act upon the revoked wage assignment. I further request that any future communication regarding my account be conducted by email and that I nor my employer or references not be contacted by phone. My financial records indicate that since xxxxxxI have received x loans from your company totaling xxxx and have paid, to date, xxx Pursuant to Arizona Revised Statues section 6-613, any consumer loan issued by an unlicensed lender is void and the lender has no right to collect, receive or retain any principal, finance charge or fee associated with the loan. As such, I would be entitled, by law, to a refund of the xxx paid in excess of the original loan amount and would have no further obligation to your company. Please be advised I have been in contact with the Office of the Arizona Attorney General regarding this matter, but have not, as of yet, filed a formal complaint. If you are unable or unwilling to comply with my request, I will be forced to file complaints with the Office of the Arizona Attorney General, the BBB and the Federal Trade Commission. Please respond via email within 2 business days.

Sorry about the format of the last post. I couldn't get the letter part to separate from my own comments! I can get you the letter from the AG and the statutes as well if you would like.

Yes, please. I just got in a shouting match with a smartass. She claims that Costa Rica doesn't have to abide by our laws.....yeah right!

Anyway, those attachments would be great!

Thanks so MUCH!

I will PM you my email address.

Also, how would I handle companies that I still have a balance with? When I read your letter it says that loans made after July 1, 2010 are void. So does that mean I would owe nothing or just meet the principal balance?

Also, (sorry to keep posting) can I send a C & D via email or do I need to send certified? I don't mind going certified, but just wanted to know if email would be more immediate.

Thanks!

There are two schools of thought on the repayment issue. If you read AZ law it would appear to indicate that an illegal lender is not legally entitled to even the principal amount, however this site has always advocated that there is a moral obligation to repay at least what you borrowed. In my case, I had only one lender that I had not fully repaid and I offered to pay the remaining balance on the principal amount to close out my loan (It was about $50) They agreed and that was that. So you would have to alter the letter to say something to that effect. As far as how to send the letter I was fortunate enough that fax and email worked with all of my lenders. I know some fols have had to send things through the mail so I guess it just depends on how your lenders respond. I would not use your personal or work fax, though. I found a couple of good online fax programs that you can upload everything right through the internet and generate a fax that way. Just precludes one more avenue of contact. Good luck!

As an aside, even before July 1, 2010 payday lenders had to be registered with the state and had limits on interest and roll-overs so even loans made before then should be check out to see if they are legit or not. I had a couple that predated the law, but were still from illegal lenders as they were not registered and were not follow the limits set forth by AZ law.

Thanks!

What about C & D? Did you get any collection calls at place of business or anything?

Fortunately for me the language I had in my letter worked as I did not receive any phone calls at home or at work and my references were never contacted. Now, I have received the scam phone calls you may have read about from the Department of Law and Investigation claiming they are collecting on behalf of an unpaid payday loan, but those don't erally count. Also, since you are currently dealing with the original creditor and not a collection agency, the rules are a little different.

I got a response from one lender saying that I forfeited my rights b/c their contracted said so..... I keep trying to copy and paste their letter but it wont allow me...?

There! It worked!

Is this even remotely legal?

no,your state law prevails.illegals always try the"we are legal because the contract says so"or the"because it was done via the inernet laws period don't apply"it is complete BS and should be treated as such.stat the course knowing you are right,and they are oh so wrong.

So, what is my next step? Just tell them to bug off? Report them to my AG? What about Federal level?

well if you haven't filed AG AND FTC complaints do so asap.aome AG'S allow you to file online.while you can go to www.ftc.gov and file online there.yes tell them to bugger off because they are illegal and just want someone to argue with ,and harrass.it's a waste of your time to engage them.file the AG complaint and forward or send any further stupid emails from BMG as part of your complaint.

I did not find the AZ AG particularly helpful when I contacted them. They basically gave me the we can't offer you legal advice schpeal - although I never filed a formal complaint so that may have been part of it. You may have to fill out their online complaint form, or the one at the AZDFI website to get a response.

Ok. Well, I just recently received a message from mynextpaycheck.com at work. They ignored my emails and the letters sent. So I sent the following:

This was sent before and never responded to. I then sent a follow up that was not responded to. Today you harassed me at work (which I specifically asked you never to call again) and you are ignoring my request for the refund amount specified and outlined below.

You are running an illegal operation and further harassment on your behalf will be noted and reported to the FTC and my Attorney General. I have already filed a complaint with the AG and I am now ready to take it up to the federal level.

I suggest you respond via email with what your action will be within the next 24 hours or I will consider our transaction VOID and NULL and should I proceed to go after the overpayment I have made I will make the necessary collection calls at that time.

By failing to respond to this email within 24 hours you acknowledge my position and my account will be closed in a positive standing and no negative reporting will be held against my name and ssn#.

Regards,

Good for you, keep up the good work!