HELP w/ PAYDAY loans PLS

First thing is close your account and open a new one and give the info to nobody. Then you can expect a lot of threats. Who are the PDL companies that you have the loans with. We pretty much know them all and what to expect from them. Also how much have you borrowed from each and how much have you paid including rollovers. Go to paydayloaninfo.org and you can find the laws of your state there. Or wait and someone will post it here. You might not be as deep in the hole as you think. Please do not let these people intimidate you. Make sure from the get go that they all get a certified letter from you telling them that they are not to call you at home or at work and that all wage assignment agreements are hereby revoked. Get ready to fight the good fight. You will win many if not all of them. You have come to the right place. There are many people here including myself who have gotten caught up in the PDL trap. It looks scary and hopeless at first but it is not. We are all here to help

Hi Spercy,

Welcome to the forums :-) Frogpatch has given you some good advice. Are these internet loans or store front lenders? If you supply us with more information, then we will be able to help you more.

Please file a complaint with your state's Attorney General and Dept. of Financial Institutions. It looks like pdls are illegal in your state and these companies must be licensed and follow your state's small loan act, ($17 per $100 is what is allowed)

HI,
Thank you for responding...
I have a $500 loan w/ CASHSUPPLY
I have a $300 loan w/ National opportunities unlimited
$400 with Tremont (paid off on first due date)
$300 with payday-loan-yes.com
$300 with CMG group LLC
$300 Midland marketing
$300 Arrowhead

I also do a loan with CASHCALL from and add I seen on TV. It is for $2700. DOes anyone know anything about them?

I have all there phone numbers. I think...

I did my first payday loan on 4/19/07

On 5/11 Northway debit took 2 payments of $254 each out of my account
On 5/10 CMG GROUP LLC took $90 out of my checking
On 5/10 CASHNET took $120 out of my checking account

There have been numerous ACH return fees since I did the first Payday loan...over 20. So my account is now overdrawn and I don't know which way to go.

I have so far put stop payments on some of them. My back won't close my acount until it is "out of the negative".

On CT Payday consumer info it says:

LEGAL STATUS: Prohibited

CITATION:
usury act applies or small loan act applies. Conn. Gen. Stat.$36a-563

SMALL LOAN RATE CAP:
30.03% apr or $17 per $100 up to $600, $11 per $100 p to $1800; add on interest.

I don't understand what any of there laws mean. PLEASE translate someone if you would. I appreciate it.

Someone pls help me with this.....I am drowning and worried to death...

Go to your bank and have them put your account on deposit only status. Open another account with a different bank and give the info to NOBODY! Do not even try to bring your account positive with these people trying to filter money from it unless it is on deposit only.
I can tell you I have experience with two of the companies you mentioned. Northway and Cashnet but I can't match them to the ones you have listed above. Northway operates under one name TI know which is Cash Transfer Centers. They WILL send a wage assignment to your employer. You must send them a letter revoking it. Your employer is not required to honor it either. Get in touch with your payroll people and show them the revocation letter.
CashNetUSA is a licensed company in every state that they deal with but there is another Cash Net out there also. My guess is you are dealing with the other one because the state you live in prohibits those loans.
Send out as many letters certified as you can revoking all ACH withdrawals from these companies. Not emails. They probably won't stop but it will give you some recourse with you bank to get some of your overdraft charges reversed. If neccessary you may consider filing a comlpaint with the Office of the Controller of Currency against your bank if you feel that the overdrafts were not your fault. I am sure there are other people here that can tell you about the other loans that you have. Do not worry. There is light at the end of the PDL tunnel.

PDL's are illegal in your state which means that these lenders never should have lent to you in the first place...you should contact your attorney general and file complaints against each company. As for cashcall....they have found a way to get under any laws and there is not much you can do about them. Unfortunately on that loan you got, you will pay back almost 10 grand for a 2700 loan

The cashnet the original poster is referring to is cashnet500 . . . . As frogpatch said they are not the same as cashnetusa. They also use the name payday loan yes, which does match up to a loan you have. Do a search for cashnet500 on this forum, and you will see what you can expect from them. I've personally dealt with them, and they are a headache plus . . . . . They are up there on my list of worst payday loan companies, right behind route 66, which is number 1!

I started a loan application, but never completed the process or electronically signed anything, yet a loan of $200 posted to my account from CMG Group and I have no idea how to contact them. I did a search on the net but found nothing. Does anyone have a phone number for this company?

I received a payday loan and after I paid it off, I still continue to get $90 taken out of my bank account every two weeks. I have not found any contact information for this company. Any help on how to get my money back???

Could anyone out there give this number to me. :evil:

I just wrote a message. it was asking a number to a company that i lost there phone number.
If you can help please email me CMG GROUP LLC number.

To the person that is drowning and worried!
Please take it easy, and don't let it weigh you down how about trying prayer. If no one is answering you lift your self and check to see if your really on this system correctly.
Please don't let our needs sink us because of the penalty for using Payday loans. I think they helped me to get thru my time of need, but now there beginning to take it toll.

Bussy it sure never hurts to pray. I did a lot of praying and learning thru my payday loan nightmare. There is a light at the end of the long tunnel. KYSIDE38

Buddy,

CMG Group LLC/OSL Marketing
Customer Service 1-866-516-9300
Fax 1-566-516-9700

1018 Summer Oak Ln
#103
Las Vega, NV 89134

as soon as you put a stop to cmg the creditors will email you and then you will have until the next payment due before they ull the full amount borrowed plus intrest...

I will never again use a payday loan. I have a few to pay off and then get this CMg mess figured out and I am never doing it again! I am cured!! This is a horrible way to live and I should have never done it. Of course, cmg should never had put money in my account without my permission!!

I had a loan with CMG/FSM Group and they marked it PAID IN FULL after I revoked their ACH at the bank and notify them of this and asked for a refund of the overpayment, I also filed a complain
with the AG's office. All I can fine on my Loan Note is their FAX # since that is the only way you can get a hold of them. The number is 1-866-516-9700 The name on the email on which they notified me of "Paid In FUll"is Carmen Hernandez. Hope this help.

I too had many payday loans. I thought I was going to lose my mind. I closed my checking account and opened a new one-did not give info to anybody. Then I called up the payday loan people(don't ignore them) and spoke with reasonable people who helped me to work out a payment plan. Some of them even lowerd the amount of the loan-believe it or not. I am now almost totally paid off in only a few months. I am so glad. Sometimes I am tempted but I know I cannot do this to my family again. Good luck !

Holy thread revival, glad it worked out for you though.

Question; If a payday loan company is doing business in North Carolina which it is illegally doing so am I reqired to pay them back. North Carolina also prohibits loans over36% apr as per AG office.

i had many pdl's, i closed my accounts after threats from these people. i amde payment arrangements but it still seems like it's never ending cmg and cardinal management is threatening me about court fees and wge garnishmnets, can they do that? i'm planning on filing bankruptcy, not because of the pdls i'm also going to include the pdl, any suggestions?

Ok everyone that wants to know CMG is in a regular neighborhood I googled the address and here it is 1018 summer oak ln #103 Las Vegas NV 89134 they have ripped me off for 1560 dollars sp here is there number but I have a feeling that this will change so 866 516 9300 and the fax is 566 516 9700
Pam

Has anyone ever heard of Little Loan Shop, they debited my account for $97.50 and i have no clue who they are and this lender never provided me with a loan. So I am confused as to why the debit from my acct, who are they and why there is no phone number attached to this transaction. There also is no website for this company. Can anyone help????

Marie...use the search box at the top. YOu'll find plenty hear about the Little Loan Shop

As far as I know they are illegal. What state are you in?

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stop payments do not work.the pdl's are internet and illegal.they will change amounts,co names,and even put through a paper check.spercy either has to close that account and open a new one,or put the account on DEPOSIT ONLY.cmg will find a way around the stop payment.go see the bank manager for both options.

I also live in CT and have:

a $500 loan with Loan Shop on Line that I have been paying 150 every two weeks in interest alone for about six months.

a $450 loan with a company called PDL Ventures.

If these loans are illegal in CT, what is my best option in getting out of them?

payday-loan-yes is actually a fairly easy negotiation. I got them to settle on $150 to pay my account off on a $475 loan I didnt make many payments on.

Has anyone had any experience with Loan Shop On Line and PDL Ventures?
I live in Conn. and according to the postings on this thread, PDL's are illegal in my state, is that correct? If so, is it suggested that I close the account and contact the AG 's office? Sorry if this is redudent, just looking for a little help.

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Thanks Shazzers

I have filed a complaint with the Connecticut Department of Banking, who else should I contact and should I talk to my bank or just close the account? I have 2 checking accounts with the same bank.

I just spoke with the Connecticut Department of Banking at (860) 240-8299, just as you said, they told me that payday loans are illegal in Conn. and that I should change my banking account. They are going to send a letter to Paydayloansonline informing them that they are acting illegally in the state. The person ssaid that I might have to put up with some greif but that there was nothing the PDL could do.

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thanks for all of your help, this has been killing me. I wish I knew about this site sooner. Thanks Shazzers!

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1-866-516-9300 number for cmg 866-516-3100.

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I don't believe it either. I owe them $140 in principle and they won't take it to settle the account. They want 3 payments of $170. I told them, no thanks.

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