Payday loan help in CA
Date: Thu, 12/01/2011 - 12:12
I currently have 9 payday loans out, and I am unsure of their legality in CA. On many, I've easily paid back the principal in fees alone.
Yesterday I put a hard debit block on my checking account so they cannot withdraw any more funds from me. Hopefully that will work...
I could use some advice on the best way to approach these people - I saw a form letter on the forums somewhere, so I'm pretty sure I can tailor that to my needs. By having paid back the principal on many in just finance charges, can I demand that they be marked as PIF?
Any advice or suggestions would be greatly appreciated!
Here are the loans I have:
PayDayMax
Loan Amount $1200
Including all the finance charges I've paid, I've easily paid back the principal.
They say I owe ~$900
Discount Advances
Loan Amount $1000
Paid $650 in finance charges only (not against the prinicipal)
They say I owe $1357.50
OneClickCash
Loan Amount $500
Paid $495 in finance charges + $30 NSF return fee
They claim payoff amount is $715
St Armands
Loan amount $300
They've only been deducted extension fees for months, so I have easily paid more than $300 back to them
They say I owe $390
Sonar Holdings
Loan amount $300
They've only been deducted extension fees for months, so I have easily paid more than $300 back to them
They say I owe $390
ExtraFunds
Loan amount $350
No payments made yet
Plain Green Loans
Loan Amount $1600
Paid 991.08 + $90 NSF Return Fees
They say I owe $1261
AdvanceMeToday
Loan amount $700
Have paid over $1100 in just finance/rollover charges, and $150 against the principal
They say I owe $948 in principal and finance charges.
American Web Loan
Loan amount $1000
Paid $285 in finance charges only
Here are the loans I have: PayDayMax....ILLEGAL...CANADIAN Loan
Here are the loans I have:
PayDayMax....ILLEGAL...CANADIAN
Loan Amount $1200
Including all the finance charges I've paid, I've easily paid back the principal.
They say I owe $0
Discount Advances...CANADIAN ...ILLEGAL
Loan Amount $1000
Paid $650 in finance charges only (not against the prinicipal)
You owe them $350
OneClickCash
Loan Amount $500
Paid $495 in finance charges + $30 NSF return fee
They claim payoff amount is $715
St Armands..OFFSHORE...ILLEGAL
Loan amount $300
They've only been deducted extension fees for months, so I have easily paid more than $300 back to them
They say I owe ZERO
Sonar Holdings...CANT FIND
Loan amount $300
They've only been deducted extension fees for months, so I have easily paid more than $300 back to them
They say I owe $390
ExtraFunds....NOT SURE
Loan amount $350
No payments made yet
Plain Green Loans...TRIBAL ....ILLEGAL
Loan Amount $1600
Paid 991.08 + $90 NSF Return Fees
yOU OWE $609
AdvanceMeToday...NOT SURE
Loan amount $700
Have paid over $1100 in just finance/rollover charges, and $150 against the principal
They say I owe $948 in principal and finance charges.
American Web Loan...TRIBALL...ILLEGAL
Loan amount $1000
Paid $285 in finance charges only
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html
Thank you so much SOAPLADY! I'm assuming, for those that you
Thank you so much SOAPLADY!
I'm assuming, for those that you aren't sure of, if they aren't in line with the following laws for California, then they would be considered illegal:
CA Loan Specifications
Maximun Amount of Loan - $300
Term of Loan - Maximum 31 days
Maximum Rate of Finance and Fees- 15% of the check
I plan on tailoring the letter I found here http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html
to finally get this to stop.
Again - thank you so much for your help!
I too have dealt w/ some of the lenders who you are dealing with
I too have dealt w/ some of the lenders who you are dealing with.
Advancemetoday.com has a Desist & Refrain order from the state of California and it was issued on 9/20/11. The Department of Corporations sent me a copy via postal mail the other day.
American Web Loan, I have not heard from them again; however I did recieve notice that my complaint was sent over to the FTC.
Discount Advances I have not heard from at all.
Follow the advise from the experts, it will help. I got a credit back from Loap Shop and Eastside Lenders marked my loan as paid in full. I still have some that I'm dealing w/ but the stress is no longer there.
Good luck =)
