Kenwood Services & DJR Services, LLC

You signed the forms and probably did agree to the loan.

What state are you in? Really you need to close your bank account asap!

I am in New York City. The forms I signed were not for either of these companies but one that i've used numerously. I cant close my account because i'm currently paying off 2 pdl's and dont want to have issues with those. I've paid the above referenced wayyyy more than what they deposited into my account. How can I get out of having to continue to pay?

Payday lending is illegal in the state of NY. So, guess what? The ones you're currently paying on are also illegal. You should only repay the principal amount borrowed. No fees, no interest. You need to close your account or, at the very least, have your bank assign a new account number that will not be connected to the old account.

Check out this info.

As payday lending is prohibited in New York, so none of the payday lenders in your state are legal. You can get rid of the debts by paying them only the principal amount. Illegal lenders won???t be able to take any legal action against you. If you have paid them more than the borrowed amount, then ask them for the refund. You can request your bank manager to put a hard debit check on your bank account so that they can???t debit any money from your account in future.

Quote:

Thank you for your responses. Where do i go to look up the NYS Payday Lending laws so that i can send a C & D letters to the lenders. If anyone can provide a template that would be very helpful. These people have gotten me for way over $1500 for $300 loans, and i want them to stop.

Close your account first before sending them anything.

I will go to the bank today but its hard for me to close my account because i recieve child support payments and my pay is directly deposited into that account, along with some other payments that come out of there. Is there anyway I can do it without closing the account or having the account number changed?

Also, can you lead me in the right direction as to where i can find the required information? Thanks in advance.

it is no big deal to have a new account setup and have any direct deposit rerouted to the new account.see the manager only for this as they are the only ones who can do it.btw this is the only way.

Any relationship manager at the bank can help you set up or reroute to a new account. You only need to see the manager if they aren't helping you.

Secondly, yes. You have to close the account. It's the only way to protect yourself. And once you have the new account do not EVER give your info to anyone :)

And finally, you can find template letters and step by step instructions on filing complaints, etc. here. Make sure to demand a refund as well. (And if you get one, don't deposit it into your new account. Take it to a check cashing place to cash it).

So i went to the bank to close my account and re-route my direct deposit but was told that it could NOT be done. So i had to just close my account and now have to contact my payroll and any other vendors that deposit or withdraw from my account so that there will not be an issue with those payments. Now that the account has been closed, what is the next step? Please please help me.

Click the link in my previous post for step by step instruction.

Thank you, I found a template of the letter I should send, just one more question... where do i go to find out what the laws for New York are? Sorry for so many questions.

Try [URL="http://www.paydayloaninfo.org/state-information/40"]here[/URL]. The NY State Banking Dept (contact info in the link provided) can give you solid guidance as well.

Thank you for all your help. Lets hope this works and I can get my money back.

I was just reviewing my bank statements and wow these people got me good.

Kenwood Services - deposited $250 - have paid $1685
DJR Group, LLC - deposited $300 - have paid $2075
PDY Services - deposited $200 - have paid $1817

I'm going to get those letters out today and demand a refund, hopefully it will work. I already advised my employer that they may get calls and to just hang up.

Any other suggestions on what i should do?

My biggest suggestion is to start reviewing your checking account DAILY online.

I will definately do so even though i closed that account and opened a new one. I dont know if they can get my new bank info but from today on i'll be monitoring it daily.

I wanted to give an update on my situation. Today I sent out 3 C&D letters and so far one pdl company closed my account and sent me this email:

Please refer to your copy of the Loan Agreement - the loan was not funded from, nor are we located in, the State of New York. Under the terms of the Agreement you agreed to make payments until the loan balance was satisfied in full, in accordance with that contract. We will continue to make all reasonable attempts to make contact with you to organize and obtain payment of all amounts due and payable to enable the loan agreement to be satisfied, as per the original terms. Thanks, Customer Service
[COLOR=#ff0000][/COLOR]
Mind you the deposit for was $200 and as of today they have collected $1817.00 from me. What should I do next?

I wanted to post an update. Today I sent out 3 C&D letters and so far one company has closed my account. Below is the email they sent me:

Please refer to your copy of the Loan Agreement - the loan was not funded from, nor are we located in, the State of New York. Under the terms of the Agreement you agreed to make payments until the loan balance was satisfied in full, in accordance with that contract. We will continue to make all reasonable attempts to make contact with you to organize and obtain payment of all amounts due and payable to enable the loan agreement to be satisfied, as per the original terms. Thanks, Customer Service

Mind you, the deposit was for $200 and as of today i've paid them $1,817.00. What should I do next? Thank you in advance.

you respond this way.

well since my state laws do apply,and that makes your loan illegal.i am not paying you another dime.in fact i am demanding that the amount over 200.00 that you debited be refunded.howz about that?either way i am filing complaints with the NY AG and the FTC.your contract is non-binding,and besides again you got over 1,800.00 on a 200.00 loan.talk about brass ones to demand anything more from me.i take it my position is clear.

then send it.btw file the complaints asap.they are wrong,stupid,and criminal.

They are offshore with no US presence....you wont get a refund. Move on and chalk it up to a hard lesson learned.

Good morning, just giving an update. Today I recieved this email from one of the pdl companies. Please advise on what i should do next and if i should pursue a refund. Thank you all in advance.

[COLOR=#444444]RE: Your Complaint

Athena Sanchez September 12, 2011
Account # 177047[/COLOR]
[COLOR=#444444]
We have received and reviewed your correspondence regarding your complaint with DJR Group, LLC.[/COLOR]
[COLOR=#444444]
While the information that you have collected may apply to companies that have physical locations in your state, it is our opinion that it does not apply to our internet business model. This is based on sound advice from our legal department.

The money was lent to you in good faith with the understanding that you would abide by the terms detailed in your loan contract. We upheld our end of the agreement by crediting the funds to your account in a timely manner. The Loan Note and Disclosure that you e-signed and thereby agreed to is very detailed and clear so as not to cause any confusion to the borrower, and meets all the Truth-In-Lending and Reg Z requirements as prescribed by Federal statute.

Upon review of your account history, you clearly knew all terms and conditions of your loan. We have all the legal contracts you signed, in which you agreed to terms and conditions of the loan.

In the interest of compromise, your account has been marked as ???Paid in Full??? and there will be no further attempts to collect on this account. There will be no refund on your account and no further loans will be offered to you.

Thank you for your time and consideration in this matter.

Respectfully,

Compliance Department[/COLOR]

I just wanted to keep those who have helped me posted on what's going on with my pdl battles. This is the response i received today from DJR Services.

[COLOR=#444444]RE: Your Complaint

Athena Sanchez September 12, 2011
Account # 177047[/COLOR]
[COLOR=#444444]
We have received and reviewed your correspondence regarding your complaint with DJR Group, LLC.[/COLOR]
[COLOR=#444444]
While the information that you have collected may apply to companies that have physical locations in your state, it is our opinion that it does not apply to our internet business model. This is based on sound advice from our legal department.

The money was lent to you in good faith with the understanding that you would abide by the terms detailed in your loan contract. We upheld our end of the agreement by crediting the funds to your account in a timely manner. The Loan Note and Disclosure that you e-signed and thereby agreed to is very detailed and clear so as not to cause any confusion to the borrower, and meets all the Truth-In-Lending and Reg Z requirements as prescribed by Federal statute.

Upon review of your account history, you clearly knew all terms and conditions of your loan. We have all the legal contracts you signed, in which you agreed to terms and conditions of the loan.

In the interest of compromise, your account has been marked as ???Paid in Full??? and there will be no further attempts to collect on this account. There will be no refund on your account and no further loans will be offered to you.

Thank you for your time and consideration in this matter.

Respectfully,

Compliance Department[/COLOR]

Should i continue to demand a refund. I cannot find what state they are located in so that I can send that AG a letter. Please help. Thank you in advance.

Hi
I was wondering if you received a response or refund from Kenwood. They owe me $400- just curious if anyone else has had success in refunds from them and Star Cash. I'm still waiting on mine...and also waiting for my paid in full letter.

Hi I was just wondering if you can tell me where you sent your C&D letter to DJR Services. I am in the process of trying to get them on the phone and cant seem to do it. I have their fax number but no other information. Thanks for your help and glad to see you are finished with them.

I actually havent received anything back from after i sent them the C&D letter, but they did try to take $90 out of my account this past week. I am searching for an address for them so that i can re-file my complaint with the AG.