Payday loans

First, I would like to recommend avoiding payday loans! I can't find any reputable info on FSM, and most likely, they're scamming cads like the rest of the payday loans out there. If your friends goes through with the loan smoothly, without fraudulant activity, without harassment, without over-the-top fees, then you can consider applying for one.
Just be careful!

You should do a proper research before taking a proper payday loan. You should only think of taking a payday loan if you believe that you can manage to pay it within the payday.

If you fail to pay it within the due date, the rate of interest will be unaffordable and it will keep soaring higher. Your hard earned money will only be going towards the payments of the fees and other additional charges.

I got a loan through FSM - had some financial setbacks and they are the ones that have turned me over to Ellis Crosby. I received a call today which was threatening to me form Ellis Crosby. I would be very careful if I was you.

Ckhenry - Read this forum with full concentration and the different threads created in the name of Ellis Crosby.

The information posted in this forum will be very helpful to you and you will get better informed while dealing with Ellis Crosby.

this is in regards to his wonderful way of harrassing and intimidating if i was anyone looking at this company for a loan.personallly i think he was the most unprofessional person i have ever met and the yelling and screaming made me think i was dealing with a child. if this gets to someone who cares in this company i think you should send him to a class on how to be a PROFESSIONAL.
Thank you
Matthew A. C

does anyone have a number for FSM Group and Premier Processing?

premier processing 816-283-6200 or 877-878-4700

Fsm Group
11 East Gregory Boulevard
Kansas City, MO (Missouri) 64114-1117
Phone: (816) 822-8677

Okay check this out. I got a phone call from United Cash Loans offering a settlement. I called T&C and Jessica said that I don't have to accept the settlement, that I can keep paying through them. United Cash Loans has accepted the proposal and payment amount.

What kind of settlement did they offer you?

Twenty dollars off the loan amount. Jessica stated to keep paying through them.

I've settled with two of my creditors but everything has also gone through writing or the consumer protection office.

If he would have offered half which would have been $195.00 then it would have been worth settling. Maybe I'm looking at this wrong, but I feel if a creditor wants to settle shouldn't they offer more than twenty dollars?

I would think so brat. One of mine offered me in half in two monthly payments. I am able send them money orders to avoid the fees of western union. They are mailing me a letter before I pay anything though stating they won't try to collect anything further in the future, etc. One I only paid $100 toward I owed them several hundred more. This is one that went through the AG's office because of harassment charges.

Sonic has agreed to work with my debt consolidation company and to drop the NSF charges at this point.

Isn't it amazing how Sonic will cooperate once the attorney general office gets involved!

It amazes me and they've only replied to one AG's office. They have two more to deal with plus the FTC and BBB. I'm not done with Sonic yet.

I will be surprised if they respond to the BBB. Now the FTC will be a different story. I would think as many complaints they have gotten against Sonic that they would initiate the investigation and get them shutdown.

I doubt they will respond either but at least the complaint is on file. I have more info to send to my AG's office against Sonic tomorrow along with another payday loan company. I think it surprises these lenders that we learn our rights and actually stand up for ourselves. Just think of all the people who fell victim to their games. I am so lucky since I found this forum. I don't know where I would be today without it.

If it wasn't for this site I would be at the bottom of the ocean trying to swim my way backup.

I currently took out a payday loan through Premier Processing, and had to put a stop payment on it because I closed my bank account. I contacted them to pay it off, but they sent me to an outside collection agency. The original loan amount was for $390. which included a $90 finance charge, but the collection agency wants over $800 to pay it off. Is this legal?

Kristy,

The creditors can hire some collection agency to collect the debt in case of not receiving payments from you. Since they are hired, you can still work with the original creditor and pay off the account.

When the collection agency contacts you for this debt, they must give the complete details of your account held with the original creditor. In this statement, they must show the complete balance specifying the interest charges added to the principal amount. Along with it, they must send copies of your contract signed with the original creditor and also give you the details of the SOL period. The statement should make you clear of the total balance owed before you make a payment agreement. If any item is found incorrect, you must dispute so that it is sent for verification to your original creditor. Make payment arrangements only after you are served with proper details about the account.

You can also get in touch with the original creditor and explain your problems faced with the collection agency. Hopefully, the whole matter will get resolved without any problems and the account is paid off with ease.

I have stopped payment on this company. I want to offer them a settlement but have no contact information. I've actually been trying to contact them for 3 weeks.

Interim Cash is the same company as International Cash Today. They have come up with the new name because lots of people are getting familiar with their illegal business tactics. I have also given a detailed reply in the thread you created for this post.

It amazes me how quickly these loan sharks changes names once people catch on and start filing complaints againt them. I think Sonic is the same way. Once they bring in a CA, it's a whole different matter, I'm finding out. I'm going to call T & C tomorrow to find out when this one lender accepted the proposal plan. I know first payment has been made. The original lender has told me that. I'm just wondering if they turned it over to collections after they received the first payment. Argh!!

Is there a place that will help you consolidate your payday loans?? I have read of people on here doing it and I cant seem to find a contact person. Please help!

MLV join the forum and i can pm you the contact information for a company that consolidates payday loans

Well...I just got an email from SONIC PAYDAY to tranfer $700 into my account today -which when paid in full is $881. NO THANK YOU SONIC PAYDAY!

Does anyone have good contact information for Sonic, ie address?

Well SOnic Payday is out of IRELAND and They probably are not licensed to do business here in the US or in some of the states. None of the payday loans are licensed in my state (Virginia) but they still loaned me the money - loansharks.
Sonic Payday Land
Phone: 1-866-867-6642
Fax:1-866-766-4242
E-Mail: customercare @ sonicpayday.ie

Sonic payday Ltd.
18/19 College Green
Dublin, Ireland

Sonic Payday
PO Box 1216
Oaks PA 19456

This is where I sent all my correspondence to them via certified mail and they received it with no problem. I think it just might be a mail drop though but it does work.

I also used the same address as Mishele and that's where my payments through T&C go.

Guest,

From what I've found, Sonic is not licensed in my state, Pennsylvania, or Delaware where their collections department supposedly is. I believe their headquarters was in BC at one point but they are under investigation there. I hope this company does get shut down for its' predatory and illegal practices. :twisted:

Listen to Mishele, she's the queen of closing down payday loan companies. She's done a ton of research that has helped a lot of us out here. If they aren't licensed in your state go after them, I know she's gotten a couple of her loans settled/paid off because of her research and persistence.

Thanks Sue for the vote of encouragment. I'm writing a letter now to the FDIC Regional Office in New York about the First Bank of Delaware and it's predatory payday loan practices. They supply finds to several payday lenders including Universal Cash Advance. I would urge you all to write. I can give you a link for a sample letter that I am using. We have until the end of March to send our correspondence in. :)

Mishele, send me the link either on email or PM. I would be more than happy to send the letter.

And as of today, I received my check for my debt cc points. I was just going to spend it on me but I've changed my mind. This will count as 1/2 of my payment to another lender and this will be considered paid in full as well. I will now be down to four. !

Will do Sue, excuse my typos LOL! I would also encourage those who live in Ohio, California, Michigan, and Arizona to also ask for the link. It seems our states are getting hit the worst. :evil:

Way to go Mishele, I wish I had as many debt cc points as you and as few payday loans as you've gotten yourself down to. Good Job!

Mishele can you let me knwo the link to the letter...I fel the same way...like I want to become the crusader against evil payday laon companies. Look how nice (and Smart!) everyone is inthe forums....none of us seem itnerested in dodging our debts.....there has to be another solution for short term loans - people get into binds for all kinds of reasons.....but to have your whole life destroyed? God, it's literally criminal

Good job Mishele!

~Mary :)

Rkai,

It's the link that you sent to me about the First Bank of Delaware. Do you need it again?

Do you mind PMing me the link also?

oh....duh....sorry!

fka,

I pm'd you the info.

May I please have the phone number to T and C. I have requested this several times.

Thank you,

Unless you do not sign up here, members cannot send you the info through PM. Please register, it is free. :D

I would be glad to send a letter, so please PM me the link. I live in Michigan. Thanks!

Heather,

I just pm'd you the link. We have until the end of the month to send the letter in. I sent mine out today. :)

Due to an extended stay from my son, I am in a mess with payday loans. I am wondering who does consolidation of payday loans? I saw the conversations regarding these? I have one company - cashtransfercenters - who illegally tried to garnish my wages through my payroll department. I have contacted CCS but am afraid that they will try to garnish me anyway. Any suggestions? My email is

email address removed as per forum rules - Mike

Pamela Gainer:

You should contact T&C Corporation at 205-***-****. They can help you and yes they do consolidate payday loans. I absolutely loved the service they were able to provide. I give them my full endorsement.\

Phone number removed as per forum rules - Mike