Need help with PDL
Date: Mon, 08/20/2012 - 06:19
Hello I need some help on how to proceed.
I took out an online payday loan from My Income Sciences beginning 07/12/2011. Since that time I have borrowed a total of 2700.00 in loans and have paid back 4662.50 in principal fees an interest. They roll over every pay and fees and interest keep accruing. the same loan number has been assigned to my case since I started to do business with them. I have not been in default with this company once.
At this time my outstanding loan amount is 890.00. My next payment due is 277.00 with only 10.00 of that amount going toward principal. I just cant afford to make more payment toward the principal at this time.
I called the company and asked to speak to someone about a payment arrangement. I spoke to a representative named Tony who explained to me that the only thing he could offer was another 300.00 loan to cover the fees that would be taken out of my next ACH. I of course refused after which he offered it to me with no interest. I simply want to pay the amount I owe on the principal and get out of this mess, I am willing to pay them over time but they so far refuse to work with me, despite my payment history. I did find out they are not a member of CFSA and they refuse to give me a mailing address. I was simply told to contact Keith, when I asked for his direct line I was just given the regular customer service number.
I want to proceed correctly but I want to be certain of my rights before I take my next step.
I would appreciate any advice you have for me
I took out an online payday loan from My Income Sciences beginning 07/12/2011. Since that time I have borrowed a total of 2700.00 in loans and have paid back 4662.50 in principal fees an interest. They roll over every pay and fees and interest keep accruing. the same loan number has been assigned to my case since I started to do business with them. I have not been in default with this company once.
At this time my outstanding loan amount is 890.00. My next payment due is 277.00 with only 10.00 of that amount going toward principal. I just cant afford to make more payment toward the principal at this time.
I called the company and asked to speak to someone about a payment arrangement. I spoke to a representative named Tony who explained to me that the only thing he could offer was another 300.00 loan to cover the fees that would be taken out of my next ACH. I of course refused after which he offered it to me with no interest. I simply want to pay the amount I owe on the principal and get out of this mess, I am willing to pay them over time but they so far refuse to work with me, despite my payment history. I did find out they are not a member of CFSA and they refuse to give me a mailing address. I was simply told to contact Keith, when I asked for his direct line I was just given the regular customer service number.
I want to proceed correctly but I want to be certain of my rights before I take my next step.
I would appreciate any advice you have for me
The only information I can find is that they are canadian based.
The only information I can find is that they are canadian based...so follow the link in my signature line for information on how to deal with illegal lenders. Do not pay a penny more and do not listen to any BS they may hand you. Stay off the phone!!
From a google search, determined they are in Vancouver BC 604
From a google search, determined they are in Vancouver BC
604-634-3585 is a reported phone number for them.