Ameriloan

Raffi, it is better to do all the communications with the company in writing. Doing this, you will always have proof of your side of the story. As you are already making the payments, the company should not pressurize you to pay more. Explain everything in writing so that the company puts a check on their communication with you. Send your letters through certified mail with return receipt requested and keep copies documented in a file.

In case if you don't have their address, this is the one:

ameriloan
2533 N Carson St, Ste 4976
Carson City, NV 89706
1-800-362-9090

Ok, what state do you live in? Knowing this will help me in determining your rights in this matter. First of all, ameriloan is located in Oklahoma, and they are NOT licensed to be a deferred deposit provider in Oklahoma. Below is a letter that I sent to this company, and I settled with them. I have also settled with PayDayOK, and Rio Resources with similar letters...

To Whom It May Concern:

As of today February 10, 2006 I do not authorize you to withdraw any funds from checking account number ##########.

Your company is guilty of breaking The State of Michigan criminal usury laws.

CRIMINAL USURY (EXCERPT)
Act 259 of 1968


438.41 Criminal usury; definition; penalty.
Sec. 1.
A person is guilty of criminal usury when, not being authorized or permitted by law to do so, he knowingly charges, takes or receives any money or other property as interest on the loan or forbearance of any money or other property, at a rate exceeding 25% at simple interest per annum or the equivalent rate for a longer or shorter period. Any person guilty of criminal usury may be imprisoned for a term not to exceed 5 years or fined not more than $10,000.00, or both.

History: 1968, Act 259, Eff. Nov. 15, 1968

CRIMINAL USURY (EXCERPT)
Act 259 of 1968


438.42 Usurious loan records; possession, penalty.
Sec. 2.
A person is guilty of possession of usurious loan records when, with knowledge of the contents thereof, he possesses any writing, paper, instrument or article used to record criminally usurious transactions prohibited by this act. Any person guilty of possession of usurious loan records may be imprisoned for a term not to exceed 1 year or fined not more than $1,000.00, or both.

History: 1968, Act 259, Eff. Nov. 15, 1968



Your claim that the contract that I signed is only governed by Nevada law is unsubstantiated. There is specific case law that refutes your claim. Your company solicited, accepted and transacted business with a citizen of the State of Michigan, thus you are subject to the laws of this state including the usury laws.

???Dot Com repeatedly and consciously chose to process Pennsylvania residents' applications and to assign them passwords. Dot Com knew that the result of these contracts would be the transmission of electronic messages into Pennsylvania. The transmission of these files was entirely within its control. Dot Com cannot maintain that these contracts are "fortuitous" or "coincidental" within the meaning of World-Wide Volkswagen. When a defendant makes a conscious choice to conduct business with the residents of a forum state, "it has clear notice that it is subject to suit there." World-Wide Volkswagen, 444 U.S. at 297, 100 S.Ct. at 567. Dot Com was under no obligation to sell its services to Pennsylvania residents. It freely chose to do so, presumably in order to profit from those transactions. If a corporation determines that the risk of being subject to personal jurisdiction in a particular forum is too great, it can choose to sever its connection to the state. Id. If Dot Com had not wanted to be amenable to jurisdiction in Pennsylvania, the solution would have been simple--it could have chosen not to sell its services to Pennsylvania residents.??? (W.D.Pa. 1997)

I am in the state of Florida. I am worried on why he called back asking for our Hr department

ida 560.401 et seq.

$500 exclusive of the fees

No deferred presentment provider or its affiliate shall charge fees in excess of 10 percent of the currency or payment instrument provided. However, a verification fee may be charged.

http://www.ncsl.org/programs/banking/paydaylend-intro.htm

Write those mofo's a letter. They are breaking your state laws as well as the state that they are located in. You do not have to pay them a dime more!!!

Go polly :-) ameriloan is not licensed to do business in Nevada either. This is the address I got off the BBB website. I sent them a letter somewhat similiar to yours and they have settled with me.

Mishele and Polly- I am in awe of you guys! I have taken the "easy way" out and just been sending my money to T&C for my 8 PD Loans, as opposed to dealing with any of the loan places- You guys need to teach me how I can fight back! I am in Texas.

Crystal

I am still making regular payments through my debt consolidation company as well. The ones that I am fighting back against are the ones who have harassed me in some fashion. I started the program with twenty one payday lenders and now have it down to four. Two I have paid off because they were so nice to deal with. A few I have had legal grounds to sue so they considered my debt paid in full. I have print outs of all the payday loans in each state and I am filing complaints against two in Delaware who told me they were licensed there and actually aren't. I don't like being lied to, it's not going to get me to pay my debt any faster. A couple others I am fighting have added on excessive fees to my accounts, several hundred dollars each at this point. You can check with state's division of department of financial institutions to see if they regulate payday lenders in your state. They should also list the laws on the their website. You can just google the information online. My state has very specific laws which has been a big benefit in my case. I've included copies of said laws with my correspondence with some of these lenders and they still think it's a joke. They are going to regret that mistake when I'm done with them.

You can also check with your state's consumer protection office or the banking commissioner's office if your state has such a thing.

cmmcdonald

Check out this link.

http://www.ncsl.org/programs/banking/paydaylend-intro.htm

Thanks Polly- I guess Texas doesn't have any specific laws. I am all about paying my debt, but some of these loans I had for 6 months- so I have already paid so much in interest. Then on my last statement from Town and Country, I noticed my balance with GECC had gone up, not down. It just seems like the debt is not going down and I am struggling to make the payment to T&C- no extra money is how I got into the Payday trap to begin with.

I do appreciate all the help and infomation I have received from people like You, Mishele, and Sue. Before I found this site, I thought there was no hope!

Crystal

cm.

check and see if texas has usury laws. look on their legislative web site. if they do, you can use that along with the WDPA ruling from my letter to fight them! Don't give up!

Can anybody help me with what I should say in a letter.

Spell out Florida's law for them, and inform them that they are breaking these laws. Inform them that according to the WDPA ruling, which is above that their claim of governing law being nevada or oklahoma is unfounded. Then inform them that you are completely aware that they are not licensed to provide these services in accordance with Oklahoma, nor Nevada law. Tell them that you want your account marked paid in full, and if it is not that you will report them to the division of finacial institutions, and the attorney generals in each state.

pollyandsay forgive me how do I go about putting this in a letter please.

raffi,

if you register i can put a draft together and pm it to you. I can probably get it together over the week-end. unfortunately guests can not pm.

I thought I registered.

Phyllis, are you raffi?

yes I am Raffi

ok phyllis, give me a couple of days and i will hook you up:)

Thanks I changed back to Raffi, I appreciate it alot.

you are going to confuse me lol!!!!