[quote]December 21, 2007 The 2.6 Million Percent Payday Loan When you think of exorbitant payday loan rates, your imagination probably putters out around one thousand percent APR. While some states like Wisconsin maintain lax or nonexistent cash advance lending restrictions and horror stories of quadruple-digit fast cash loan interest rates pop up from time to time, the fact of the matter is that these atrocities just are not the norm.

I received a letter from Mogan & Pottinger on behalf of CACH LLC this past weekend and in their letter it stated a civil lawsuit has been filed against me. I verified today thought the courts website and it has been filed. It states that a summons was served to me but I did not nor did anyone in my household sign anything. The letter was delivered by regular mail, so does summons mean regular mail too? I called the number this morning and spoke with the rep who is handling my account to get more information.

I just want to wish everyone VERY Happy Holidays and a Happy New Year from the banking forum. :)

Is it possible for a company or a collection agency to change my credit score without a SSN?

Two of the internet payday loans (United Cash and AllStar) that I never reached an agreement with 2 years ago, gave the accounts to FMS, a CA. FMS has reported these two accounts to Experian. Experian refuses to remove them thru my disputes on Experian's website. It keeps saying that the they meet FCRA. I also sent out validation requests to FMS. FMS validated United Cash Loans account by sending me a copy of the electronic loan agreement with the electronic signature. FMS, however, failed to validate AllStar's loan. What should I do from this point on?

I know I spelled that wrong...anyway, I have a dear friend whose son was once at the very top of his profession. In the interest of privacy, I don't want to say his name or what line he was in, because I'm sure some of you would have heard of him. Anyway, the son robbed a bank and is now in prison. No more multi-million dollar deals anymore--and his father is now working as a security guard at the mall where I do one of my jobs. When I asked what he did to get in prison, his father would just say "being stupid!!" and leave it at that.

Is there a way to get a peek at the score without having to pay a fee to the CRA? Or is this just their new money-maker since free report access was legislated?

Well some of you may have already heard that Netbank is gone. For many on chexsystems, Netbank was a life saver in the past and gave us that second chance when they weren't using chexsystems. In the past couple of months, a lot has happened regarding Netbank. Instead of being taken over by Everbank as initially stated, the regulators actually closed Netbank but gave the deposit accounts , the IRA and CDs to ING Direct. Effective Novemeber 23, all Netbank ATM and debit cards would no longer function. Then on December 7, all Netbank accounts will formally transition to ING accounts.

People seem not to understand entirely what shared branching actually means. It is simple. It makes having an account that is not local, the same as if it were local. Generally, would get a membership at a credit union that may be out of state and not local to you. You would then be able to get service on your account(s) at a credit union that you do NOT belong to that is local to you. Even if the shared branches that are local to you are credit unions that use Chexsystems, it doesn't matter. They are simply servicing your account.