Urgent Need Payday Loan Help

UPDATE: All loans listed are Online.

Great Plains - Illegal
Advance America - Legal
Cashnet USA - Legal

Whitney- Great Plains is a tribal lender. Search this forum for letter and evoke eft from them and if you've paid your principal tell them you want a paid in full letter. If it's not paid tell them you'll finish paying principal only in money orders. I just finished up with them and just received my paid in full letter from them.

Hey Whitney,

Please go through this link - https://www.debtconsolidationcare.com/paydayloan-settlement.html
I hope you'll find the perfect answer that you're looking for :)

Thanks everyone!
I spoke to a credit counselor from a company called Debt Management Credit Counseling Corp, and he suggested that I close my account. They offer to work with the lenders and sum up your total balances of all your loans and divide it into 12 monthly payments at 0% APR. It sounds too good to be true in my opinion. I currently have paid Great Plains $1592.14 of a $3000 loan, and my account says my balance is $2815.13. I have paid Uncle Warbucks $1275 of a $1300 loan, and my balance is still $1430.

Uncle Warbucks- illegal
Great Plains - Illegal

Speedy Cash -legal
Cashnet USA - Legal
Advance America - Legal

Don't close bank account all of a sudden. See, you have to pay the principal amount along with the interest rate to the legal lenders. Just pay the principal amount to the illegal lenders. You said you had considered credit counseling session, but didn't mention the suggestion you got from the session.

However, you can talk to the lenders who are legal for an extended time. Or, you can request for a reduced amount mentioning your financial hardship.

Hi ! I am trying to find the letter to evoke eft from Great Plains. Do you remember the subject line of the post?

Thanks!

-sanderspatricia29

I spoke to a credit counselor from a company called Debt Management Credit Counseling Corp, and he suggested that I close my account. They offer to work with the lenders and sum up your total balances of all your loans and divide it into 12 monthly payments at 0% APR. It sounds too good to be true in my opinion. I currently have paid Great Plains $1592.14 of a $3000 loan, and my account says my balance is $2815.13. I have paid Uncle Warbucks $1275 of a $1300 loan, and my balance is still $1430.

Also you advise not to close my bank account. Can I trust that the illegal lenders will not debit my account even if i revoke authorization from them?

I'm also debating this. I spoke with a settlement company yesterday and they said I should close account. I'm scared that will make the payday loan companies angrier.

Yeah I agree. I just don't see any way around the illegal lenders continuing to try to debit my checking account. I already have another account where I could send my direct deposit for my paychecks. I'm wondering if I should just close my current BOA checking account, and notify the legal lenders about my other account and workout payment arrangements. Can anyone please advise? I'm trying to act on these things as soon as possible, so I can start taking back control of my finances.

UPDATE: Reply from Uncle Warbucks


Dear Whitney Burrell,

We do hear your concerns and would like to let you know that Uncle Warbucks is an international based company. Please be advised that we do not provide pay day loans; we provide installment loans which offers small amounts of cash with a structured payment plan.

The terms of the loan were presented to you when your loan was approved and funded and you electronically signed the loan document agreeing with these terms. As stated in your loan agreement, by accepting our service, you confirm that your agreement is bound by Common Law. The codes, statutes and laws of Common Law govern the entire transaction. The Common Law governing consumer loan agreements may be the same or may differ from the laws of the state where you reside. ​

The Uncle Warbucks loan agreement and website contains all disclosures required by federal & international law. The loan agreement is legal and enforceable. A copy of your loan agreement will be sent in a separate email.

Please note that we are always willing to work with our customer to help you meet your repayment requirements and we have options available to help you through a financial difficulty. Would you like to discuss payment arrangements that will enable you to fulfill your financial obligation to Uncle Warbucks?

Sincerely,
Uncle Warbucks Customer Service
(855) 885-4027
customerservice@unclewarbucks.com


I'm not sure what i should do at this point. I have closed my account, and I have sent the ACH revocation letter also stating that I have overpaid them from a past loan. Can someone tell me how to proceed?

Thanks!

UPDATE: Reply from Uncle Warbucks


Dear Whitney Burrell,

We do hear your concerns and would like to let you know that Uncle Warbucks is an international based company. Please be advised that we do not provide pay day loans; we provide installment loans which offers small amounts of cash with a structured payment plan.

The terms of the loan were presented to you when your loan was approved and funded and you electronically signed the loan document agreeing with these terms. As stated in your loan agreement, by accepting our service, you confirm that your agreement is bound by Common Law. The codes, statutes and laws of Common Law govern the entire transaction. The Common Law governing consumer loan agreements may be the same or may differ from the laws of the state where you reside. ​

The Uncle Warbucks loan agreement and website contains all disclosures required by federal & international law. The loan agreement is legal and enforceable. A copy of your loan agreement will be sent in a separate email.

Please note that we are always willing to work with our customer to help you meet your repayment requirements and we have options available to help you through a financial difficulty. Would you like to discuss payment arrangements that will enable you to fulfill your financial obligation to Uncle Warbucks?

Sincerely,
Uncle Warbucks Customer Service
(855) 885-4027
customerservice@unclewarbucks.com


I'm not sure what i should do at this point. I have closed my account, and I have sent the ACH revocation letter also stating that I have overpaid them from a past loan. Can someone tell me how to proceed?

Thanks!

Threaten to file a complaint with the SAG.

Whitney- See, they are not supposed to tell you that close the account. I think there is a miss understanding. If you are considering debt settlement, then you should stop making further payments. Also, you have to stop incurring further debts from the same lenders.

As per my opinion, ask all the illegal lenders to send you the "paid in full letter" since you have already paid the principal amount. If they deny and continue withdrawing money, revoke ACH authorization.

For the legal lender, you are liable to pay the money along with the interest.

If you are unable to make payment, then you can consider settlement. I hope this will help.


Idiot- I hope you will also get your answer regarding closing the bank account. :)

-sanderspatricia29

I also didn't believe that a debt counseling company should give me that advice, so I have decided not to do business with them. Plus the agent keeps calling me non-stop and trying to get me to act quickly. I have decided to handle matters myself. I have closed the account because too many illegal lenders have access to it, and they have not been willing to accept my request to revoke ACH authorization.

UPDATE: I have sent the ACH revoke authorization letter to Speedy Cash. They are a legal lender, but were unable to provide a payment extension or payment arrangement over the phone. I was told over the phone that the collections department would only be able to work out payment arrangements. I will give an update once this matter has been resolved.

Thanks everyone for all of your helpful advice!

UPDATE: Uncle Warbucks does not want to accept prior over-payment for loan. Please see response below. Should i just pay the amount even though I paid at least $1119.00 of the principal?


Dear Whitney Burrell,

We acknowledge receipt of you email and we are sorry to hear that your are dissatisfied with the terms of the loan. As stated in your Loan Agreement, by accepting our service, you confirm that your Agreement is bound by Common Law. The codes, statutes and laws of Common Law govern the entire transaction. The Common Law governing consumer loan agreements may be the same or may differ from the laws of the state where you reside.

Customer satisfaction is very important to us and as such we are willing to work with you in order to close the loan.The original amount of the loan you received was $1300.00. To date you have made payments totaling $895.00; of that $200 was towards the loan principal. We are willing to settle your loan for the remaining principal balance due of $205.00. By accepting this settlement offer, you are reducing your ability to obtain any new loans through Uncle Warbucks. The terms of this arrangement are confidential and made in good faith between yourself and Uncle Warbucks. We have taken these actions because of our continuing commitment to servicing our customers and not because of a legal obligation to do so.

Please confirm. ​

I am confused. How much did you pay? $895 or Or $1119?

Whitney, did you pay the principal amount?

-SC and sanderspatricia29

I actually paid $860 on this current loan (borrowed $1300 on 5/3/17), and I paid a total of $2359 on a loan (borrowed $800 on 11/04/16). I wanted to apply the overpayment of the first loan towards this amount. So the current loan, I owe $440. The old loan, I overpaid $1559. Subtract that from the current amount owed, and they owe me a refund of $1119.

I apologize if the numbers were not accurate from the original post. When I stopped payment at my bank, this prevented a payment of $330 that was already pending to come out of my account. This increased my total amount balance owed. This amount also doesn't include foreign transaction fees debited from my account, which I do not have access to the amount since I closed my account.

Update from Uncle Warbucks:

Dear Whitney Burrell,

We acknowledge receipt of your email correspondences and we are always here to assist you with your financial needs. Please be advised that if we do not receive a minimum payment of $205.00 to settle your account, we may not be able to keep your account in office. Please note as well that your account is on hold and we will not be debiting anything from your account without your authorization.

Kindly disregard the automatic payment reminders that you are currently receiving. We look forward to hearing from you.

Sincerely,
Uncle Warbucks Customer Service
(855) 885-4027
customerservice[at]unclewarbucks.com

Not really sure how to proceed. I interpret this as my final chance till they send the account to collections. I've filed complaints with the Tennessee Department of Financial Institutions. I have paid $1119 above the principal.

Read it, you will get your answer: https://forums.debtcc.com/paydayloan/illegal-pdl-dealings.html

If you have paid $1119 above the principal, then there is no reason to pay $205 anymore.

They are an illegal payday loan lender. They can't do anything. Relax!