My situation is sort of bizarre, but let me tell it to you. List the companies you have the loans with and whether it is a store front operation or an internet operation. Four are storefront operations THe other two are internet loans: AMCash collections, and PaydayOK List the original amount of the loan for each account Storefront 1. 800.00 Storefront 2. $800 Storefront 3. $400 Storefront 4. $300 Internet: Payday OK $600 AMCASH COLL $300 List what you have paid so far for each loan.

I'm very hopeful that MCA will start posting here. She has been a Moderator on another site for over 5 years helping people find banks and credit unions and work out their Chexsystems problems. Most everything I know I learned from her. She knows a million times more that I do about Chexsystems and finding banks. She has helped 1,000's of people find a bank, even when they thought that it was impossible to open a new account. She has vast knowledge of the laws surrounding banks and Chexsystems reporting.

It is my understanding that Magnum Cash Advance is licensed in Deleware. I looked at the Deleware pdl laws, how is Magnum lending over the limit that is stated in the laws?

Welcome to the new Banking Forum! This forum is here to help everyone with their banking issues. Been reported to Chexsystems? Need a bank account? Post away! Want to dispute your Chexsystems report? Help is here! Have a problem with your bank? Need advice on where to complain? We can help! Another banking issue? Ask, and we can help you find an answer!

I hate OCC. Just thought this news would perk up others who hate them as well: On August 24, 2007, the Nebraska Department of Banking & Finance filed a Cease and Desist Order against One Click Cash. Charges filed indicate the business is in violation of state law by operating without a Delayed Deposit Service (DDS) license. They also are accused of charging fees higher than allowed by State law and automatically renewing the transaction by allowing the maker to pay less than the total amount of the check and any authorized fees and charges.

I think the fdcpa need to go through some serious overhauling or new legislation needs to be introduced to for additional accountability for CAs and portfolio transfers. I read a story on another website recently where a person paid off a account and it was sold to another CA and since the CA that was paid had purged their records upon sale the new CA doesn't have any record of payments so they assume that nothing was ever paid on it. That is wrong and something needs to be done about it.

I want to tell everyone on here to look for a movie called "Maxed Out" it's a documentary released in 2006 about the credit situation here in America. It's pretty disturbing. Like for starters there is at least one website where junk debt buyers can auction off their portfolios. Or that prime lenders love to offer credit to people who have horrible credit and are least likely to be able to pay it back (that's where they make their most money with rising interest rates due to late payments, late payment fees, over limit fees, etc.) It also has a familiar face in it, NACA lawyer Bud Hibbs.

good morning, what is the best way to deal w/ Portfolio Recovery ? Thanks

pls. i will like you to help reduce my financial burden. Thanks.

Finance4youth is the brainchild of Wil Stanton who is an educator by profession. He is nurturing this blog for more than one year. He has met many college students and recent pass outs to solve their problems with finance. He realized the necessity of financial education for younger generation what they have missed out in their colleges and schools. There from the idea of blogging came to his mind and he started it with a small team to teach them about financial education.