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Is United Cash Loans not licensed to lend?

Date: Thu, 04/13/2006 - 13:55

Submitted by Not so Lucky
on Thu, 04/13/2006 - 13:55

Posts: 3041 Credits: [Donate]

Total Replies: 113


I just got off the phone with T&C and they received a fax stating that we still owe them $220.00 and they want payments to start now. I told Faye that I had the letter from United Cash loans stating that they marked our account paid in full. She is faxing them a document requesting full account information and she was really interested to find out they are not licensed to lend. Faye stated that makes a big difference. I will not pay United Cash Loans another dime! :evil:


I took out 2 loans one with AMeriloan and one with United Cash Loan. Immediately after the loan, I noticed unauthorized debits to my checking account. I went to the bank and they placed my account on limited status. I reopened an account in a different bank and shortly after the first payment, I noticed several more unauthorized debits. Again, placed this account on limited status on the advice of my bank. I notified both companies that the account was compromised and asked for alternative payment options. No one responded. I sent several emails. The only email I received was on payment due date that I needed to notify them. If they could send me that email why not send me an address. United now says my loan is up to 750 from 450 even though they were told not to debit the accounts. What do I do. They want to set up payment plans with a prepaid VISA. I can't afford 750. God know what AMeriloan wants to charge me.


lrhall41

Submitted by on Thu, 08/13/2009 - 07:20

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how much was borrowed from each and how much was debited by each before the account was compromised.since both are MTE and illegal you only owe the principle.a prepaid visa sounds good,but you do not owe either place more than you originally borrowed.


lrhall41

Submitted by paulmergel on Thu, 08/13/2009 - 07:24

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Quote:

Originally Posted by Anonymous
Can you tell me what i should include in my letter to them. I live in NC and it is terrible how they harrass people and i di pay them in full also.


just the particulars.your state pdl laws.how much you borrowed,and the fact that what they debited thus far paid the loan off.also state you are filing AG,and FTC complaints,but don't state that unless you follow through with it.


lrhall41

Submitted by paulmergel on Mon, 05/03/2010 - 08:02

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Hi

Just to let you know that payday loans are not legal in all the states of the US.So if the payday loans are being lend to customers in those states a law suit can be filed against them,so one need not worry much about that.If there is any sort of creditor harassment in regards to the payday loans one is free to sue against the licensor of the company.


lrhall41

Submitted by Rebecca Miller on Mon, 05/03/2010 - 09:58

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Quote:

Originally Posted by Rebecca Miller
Hi

Just to let you know that payday loans are not legal in all the states of the US.So if the payday loans are being lend to customers in those states a law suit can be filed against them,so one need not worry much about that.If there is any sort of creditor harassment in regards to the payday loans one is free to sue against the licensor of the company.

If a payday lender isn't legal or licensed, how do you propose someone sue them, most of the payday lenders who aren't licensed aren't even located in the states.


lrhall41

Submitted by Shazzers on Tue, 06/08/2010 - 18:22

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Quote:

Originally Posted by Shazzers
If a payday lender isn't legal or licensed, how do you propose someone sue them, most of the payday lenders who aren't licensed aren't even located in the states.


I am in PA - am I in one of the states they are not licensed to do business in?


lrhall41

Submitted by on Mon, 08/16/2010 - 11:43

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I would like to know why my account is in the compliance dept/ I called earlier today to inquire about paying my loan off and I have been given the run around every since. I would like to know what is going on and is this company a legitimate company operating in Illinois?


lrhall41

Submitted by on Wed, 11/21/2012 - 15:38

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