Need Help Getting out of PDL Hell
Date: Mon, 03/05/2012 - 15:09
Ameriloan USA
Loan Date 1/7/2012 Original Amount $400
Renewal Fee $120 Paid to Date $360 Payoff Amount $520
Triple Services
Loan Date 1/17/2012 Original Amount $300
Renewal Fee $90 Paid to Date $270 Payoff Amount $390
Cash In a Wink (I had to get this to pay my bills after I PIF another loan)
Loan Date 3/2/2012 Original Amount $400
Renewal Fee $120 Paid to Date $0 Payoff Amount $520
NOU (ItsMyPayDay) (belongs to hubby, his last paycheck will be 3/9)
Loan Date 1/4/2012 Original Amount $500
Renewal Fee $125 Paid to Date $457.50 Payoff Amount $625
Amscot (Storefront)
Loan Date 11/10/2011 Original Amount $500
I have arranged to pay back this loan on 3/15/2012, then they explained I would need to take out a new one the next day and elect a payment plan/credit counseling option where I could make monthly payments until it was paid off. I wish ALL PDLs could do this...actually, I wish there had never been medical emergencies, layoffs from work and all kinds of other unforseen circumstances and poor decisions that caused this to happen!
We had a great plan to pay these all off by April 1st, and then life happened.
As far as I know Ameriloan USA and Cash in a Wink are illegal le
As far as I know Ameriloan USA and Cash in a Wink are illegal lenders. To make sure about the legality of the other pdl companies, you may contact with Florida Office of Financial Regulation. You are required to pay only the principal mount to the illegal lenders. No fees and interest are required. But for the legal lenders, you will have to bear both the principal and interest. In such a case you may get help from a debt relief company.
I see that the Cash In a Wink account has charged you with a $12
I see that the Cash In a Wink account has charged you with a $120 renewal/rollover fee. If so, they have broken state law since rollover are illegal in Florida. Verify with the Florida Office of Financial Regulation to find out if they are licensed to operate in your state and in case they are not, you don't need to pay them back anything other than the principal amount of the loan.
In fact, except for one lender all of them have charged some sort of renewal/rollover fee. This practice is illegal as per Florida state law. File a complaint against them with the FTC.
some info
all of those online lenders are illegal so here is what you really owe them.
AMERILOAN 40.00
TRIPLE 30.00
NOU 42.50
CASH IN A WINK if nothing was debited then you owe the full 400.00
sounds like you communicate with the storefront already so you need to go to the sticky in OHIOGAL''S signature on dealing with illegal lenders.follow every step.the first being to close your current account and open a new one.that will give you control over your money and you can work it out with the storefront and pay the illegals on your terms and when you can.
Thanks so much everyone! I have drafted a form letter that I ada
Thanks so much everyone! I have drafted a form letter that I adapted from this site and so far, so good. NOU should have debited on Friday and made no attempts since we sent the letter to revoke authorization. We are not keeping any money in the account and have informed our credit union about the revoked ACH authorizations, so they are monitoring it. We can't close the account because a bank loan currently comes out of it, but we are trying to see if we can get that fixed and even if we can't, we've got two months left to pay it off. I really appreciate everyone on this board and their willingness to help out.