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My Story

Date: Thu, 10/26/2006 - 08:44

Submitted by nascarmom
on Thu, 10/26/2006 - 08:44

Posts: 16 Credits: [Donate]

Total Replies: 50


As I type this my hands are shaking and the tears are falling. I have no one to blame but myself for the stupid things I have done, however they are done and there is nothing I can do to change them. I am married to a wonderful man, with three beautiful children. I have hid the problem from my family, including my husband. He would be so hurt to know what I have done. It scares me, I think he might leave me if he found out. Anyway, here we go. I have made the stupid mistake of the pdl's. I have three right now and as you all know, by the time you pay the minimum, there is nothing left of your paycheck to pay anything else (we have seperate accounts). I am falling farther and farther behind on things. I bounced a check to daycare, which they should find out today, so I have that to deal with when I pick her up. I am not asking for pity or sympathy, just advice on how to get out of this mess. I have no one to blame but myself. It breaks my heart knowing what I could/am doing to my family. It also scares the heck out of me. No one knows about any of this but me. I have not told anyone, I am to embarrassed and ashamed. Thanks for listening and if anyone has any advise, I am all ears.


Welcome to the Community :D First of all, don't beat yourself up, you mad some bad choices,that doesn't mean you are a bad person. Since you registered, someone will contact you for free credit counseling. You can discuss your debts with them and they will offer different solutions, such as consolidation. If these are store front lenders, try to go and talk with them. sometimes they will work with you if they know you aren't trying to get out of it. Take a deep breath, and know, that we are here to support and guide you through the process. Good Luck...Karen


lrhall41

Submitted by Bossy4455 on Thu, 10/26/2006 - 08:54

( Posts: 5854 | Credits: )


Here is a link to your state's pdl laws. It will also give link on who to contact in your government. I would file a complaint against each pdl, they are internet based and all but CashNet are more than likely not licensed. I have found that cash net tends to follow the laws of the states, but maybe not every state, I think they only follow the laws in my state because they got into trouble. http://www.paydayloaninfo.org/state_detail.cfm?id=MO


lrhall41

Submitted by WHEREAMI? on Thu, 10/26/2006 - 08:59

( Posts: 5263 | Credits: )


good...... thing they are not licensed in you state.... in the mean time while you make you complaints to the AGS offfice. I will get you letters togethers and send them to you so you can send the companies you laws ect. ect. I have nothing else to do...today at work so i will do this YOU just go this web site and file a complaint.... http://www.paydayloaninfo.org/state_detail.cfm?id=MO
at the bottom left corner and when i get the letters together tiday i will post them for you! Is thisokay for you...


lrhall41

Submitted by TASHA_MOSELEY on Thu, 10/26/2006 - 10:07

( Posts: 408 | Credits: )


Tasha -
It is cashnetusa - glad to hear that they can be nice. The horror stories I have read have me worried. The letters you refer to would be very helpful. In reading other stories, some have suggested closing out your checking account and reopening a new one - is this something I should consider? I really don't want the harassing phone calls if I do, but then again, I don't want them taking more money that I owe.


lrhall41

Submitted by nascarmom on Thu, 10/26/2006 - 10:21

( Posts: 16 | Credits: )


no not yet i suggest.... lets try to work something out with them FIRST as far as cash net usa...

hears a convo with me another person who are currently in default with cashnetusa....

i asked him about his experocen with cashnetusa... he replied

"I just checked my contract with them again. There was no wage assignment. Maybe if you call them and tell them your situation, they'll be more willing to work with you. That's what I did. I still get phone calls like every three days, but I just tell the next person the same thing, and they've been really nice so far. Let me know how it goes. And post me any time. Good luck"


lrhall41

Submitted by TASHA_MOSELEY on Thu, 10/26/2006 - 10:27

( Posts: 408 | Credits: )


SEND THIS TO CASHNETUSA.......



Date}
{Name Pay Day Lender}
{Address}.
{City, State, Zip Code}
Dear Manager,
I regret having to write this promissory note but I have no other options at this time. You have
been more than fair and this is very hard for me to address, but as you can see I have been a
faithful customer for quite sometime.
Due to financial difficulties I am unable to pay and re-borrow my loan at this time. Unfortunately
I don????????t have any support system to ask for help. I am not the kind of person to run out on my
debts and I WILL pay my bill in full, but I have to make arrangements with you at this time,
I do not and looks like will not have enough money in my bank account therefore would
appreciate it if you don????????t try to deposit my check as additional fees will only worsen my
situation. I apologize for the letter contact. but it is embarrassing situation.
Thank you and fill free to contact me at home ( area code-phone number ) . Please do not
contact me at work as this is a personal matter and I am not allowed to receive personal calls at
my work.
Respectfully

( Your name here )
{Address}.
{City, State, Zip Code}


lrhall41

Submitted by TASHA_MOSELEY on Thu, 10/26/2006 - 10:32

( Posts: 408 | Credits: )


I appreciate all your time in helping me. I will get the letter typed up and send it to them. I just want the nightmare to stop. It is comforting, but sad at the same time, that there are so many others that are in the same position I find myself in. Thanks again for your help and time. Have a wonderful day


lrhall41

Submitted by nascarmom on Thu, 10/26/2006 - 10:44

( Posts: 16 | Credits: )


SEND THIS TO WORLD WIDE CASH

TO WHON IT MAY CONCERN
This is (YOUR NAME)

I am in a financial struggle. Before I get staretd I am not trying to get out of what I owe to your comapany. I intialy borrowed 300.00 and paid back 90.00 so far. I just want the fees to be what are legal is my state of MO. look at this link. ( http://www.paydayloaninfo.org/state_detail.cfm?id=MO) I contacted the Legislator of MO to see if your company was licensed in my state it is not licesned in MO. The Legilators office was upset and told me to make a complaint against you. The Attorney Generals office WILL investigate your company if I make this complaint and from my understandinG theres alot of fees involved. I am not threating you. Please fix you fees to be within the laws of MO. PLEASE WORK WITH ME AS I AM TRYING TO WORK THIS MATTER OUT.

Kind Regards
(YOUR NAME)


lrhall41

Submitted by TASHA_MOSELEY on Thu, 10/26/2006 - 10:45

( Posts: 408 | Credits: )


SEND THIS TO GSF AS WELL


Dear Manager or COLLECTIONS,
I regret having to write this promissory note but I have no other options at this time. You have
been more than fair and this is very hard for me to address. Due to financial difficulties I am unable to pay and re-borrow my loan at this time. Unfortunately
I don????????t have any support system to ask for help. I am not the kind of person to run out on my
debts and I WILL pay my bill in full, but I have to make arrangements with you at this time,
I do not and looks like will not have enough money in my bank account therefore would
appreciate it if you don????????t try to deposit my check as additional fees will only worsen my
situation. I apologize for the letter contact. but it is embarrassing situation.
Thank you and feel free to contact me at home 999-999-9999. Please do not
contact me at work as this is a personal matter and I am not allowed to receive personal calls at, I already got a write up from another lender calling like crazy to
my work. I have paid ($) on this acount so far so if a settlement or something is possible plrase let me know.

Respectfully and Kind Regards
(YOU NAME)


lrhall41

Submitted by TASHA_MOSELEY on Thu, 10/26/2006 - 11:18

( Posts: 408 | Credits: )


If it were just me it wouldn't be so bad, but my stupidity is affecting my babies and my husband - even though they don't know it. My 10 year old keeps asking me when he can go and get his halloween costume, I keep making excuses and seeing the disappointment on his face kills me. My kids are my world and I am so ashamed of myself for doing this to them. What was I thinking.............


lrhall41

Submitted by nascarmom on Thu, 10/26/2006 - 11:24

( Posts: 16 | Credits: )


yea i toataly understand......... i dont have kids yet... but i do want them... i dont think i can have kids... well thats another story anyways.....you can put him an outfit together at the dollar store ask him what he wants to be... and you go get it... suprise him... it only should be about 7-8 bucks for a good costume...


lrhall41

Submitted by TASHA_MOSELEY on Thu, 10/26/2006 - 11:43

( Posts: 408 | Credits: )


Is it GFSIL?? If yes, then use extreme caution because they are affiliated with International Cash Today and they are an out of the state loan company operating from UK. They have many federal and state violations to their name. You will get more info in this link.

I will be alert on GFSIL because they have already done many unauthorized debits on many people's accounts. They never give you anything about the loan account because they claim to be a paperless company. This means that they will steal money from your account without providing any documentation. By the time it gets too late, you will realize that you not only paid their principal amount but also towards their illegal charges and they will keep on getting more. So, I will go to the bank and block GFSIL from doing any more debits. That's the only way to stop them. If there is a balance, talk to them and arrange a settlement through money order. That's it!


lrhall41

Submitted by IncredibleHelp on Thu, 10/26/2006 - 11:59

( Posts: 492 | Credits: )


the only reason i say dont block them or close it.... is beacause (Criminal Action: Prohibited (Unless check returned due to closed account or stop-payment by maker) ) thats what her laws says... but then again they are not licensed in MO either... so how would that go... i will ask steeler1 for you she may know.


lrhall41

Submitted by TASHA_MOSELEY on Thu, 10/26/2006 - 12:35

( Posts: 408 | Credits: )


Nascarmom, federal law states that you have the right to revoke debit authorization when it is the requirement to payback a loan. You need to email, fax, and send these people a ACH revokation letter and make other arrangements such a mailing them a money order to repay the loan, if they claim they can not do this, it is a lie these companies that operate from the UK have offices in the states. This is an unlicensed pdl conducting business in your state and you did not sign any post dated check, so there is no check involved. And if they claim to be a paperless company then they will have extreme difficulty taking you to court, because they have no evidence, being paperless they are screwing themselves. There is no physical documentation of this loan. If they threaten you with prosecution they are lying, they would have to extradite you to the UK for a piddly a$$ small loan. I say extradite you to the UK because they are so head strong in saying that they operate under UK laws then they can't have it both ways, they want to charge you UK interest rates but prosecute you in the United States, that won't fly. And the fact that they are not licensed to loan in your state I have a hard time believing they would even consider filing any type of charges against you because they are operating without a licensed. Send the ACH revokation letter and put a block on them.


lrhall41

Submitted by WHEREAMI? on Thu, 10/26/2006 - 12:51

( Posts: 5263 | Credits: )


You just write the revokation letter yourself;

Date

Company Name
Address
Phone

To Whom It May Concern:

As of (DATE) I revoke my authorization allowing (COMPANY NAME), it's affiliates, and subsidiaries from debiting from my account under the name of (YOUR NAME) with (BANK'S NAME), (ACCOUNT NUMBER)

Sincerely,

(YOUR NAME)


Let them know in the letter that federal allow affords you this right. I will try to find it and post it so that you can insert it in the letter.Also go to your bank and put a stop debit on them.


lrhall41

Submitted by WHEREAMI? on Thu, 10/26/2006 - 13:44

( Posts: 5263 | Credits: )


I have been reading alot of posts today and saw somewhere that if you revoke the ach authorization, they can do a check debit???? Can I revoke that option as well. I just want to try and cover all bases, as these sound like some pretty deceptive folks who will do whatever it takes to get money.


lrhall41

Submitted by nascarmom on Thu, 10/26/2006 - 13:54

( Posts: 16 | Credits: )


You need to go to your bank and block these companies from debiting from your account, in most cases you will need to close that account and open a new one. But you have a storefront pdl still out and that could cause you problems since your state allows prosecution of pdls defaulting due to closing of an account or putting a stop to the check.


lrhall41

Submitted by WHEREAMI? on Thu, 10/26/2006 - 13:56

( Posts: 5263 | Credits: )


Nascarmom,

First, welcome to the forum. Second, Karen is right - don't beat yourself up over this. You had a reason for taking out those PDLs - we all did - and it probably seemed like a good reason at the time. When you take one out, you think it's easy enough to pay back, but somehow, it snowballs and gets out of control. If the PDLs are not licensed in your state, you definitely have an advantage over them. When they realize that you know your state's laws and they are not operating legally, they will become much more willing to work out a settlement. It's important to get those letters out as soon as possible. File a report with your Attorney General's office on each one of them - and make sure it states in your letters that you have reported them to your AG's office. Don't let them try telling you that you have to follow the laws of their state - they have to follow the laws of the state that you are living in. I had four PDLs. Two have marked my account paid in full, and one of those even gave me a refund since they weren't licensed for the interest I had paid. I know it seems hopeless right now, but you will get out of this. Just know that you have people here who know exactly what you are going through and would like to help. Good luck to you. We're here for you!


lrhall41

Submitted by dbaker6 on Thu, 10/26/2006 - 18:54

( Posts: 1600 | Credits: )


Thanks for the link to the florida pdl laws. Here's another question............ Hope you don't mind. I have a million adn yes I am registered, I'm just having trouble logging in. My user name is jbrewer. Anyway....the pdl's that I have are located in other states. Can't they prosecute me if their state allows it? I mean I know that if I committ a crime in New York, I can still be arrested if I am in Florida. I don't mean to sound stupid, I'm really stressed and I am trying to cover my bases. I am getting a bonus at work and should have ALL of my pdl's paid by the end of Novemeber. (8 of them)Ijust don't want to be harrassed or arrested in the mean time.

By the way, I have retained Langhorne L aw as well.

Thanks for any advice. You all are amazing. This site should seriously get some award or something. I found this site when I was at my lowest. I come here and read others stories. It helps to knwo I'm not alone. Again, thank you!


lrhall41

Submitted by on Fri, 10/27/2006 - 06:06

( Posts: | Credits: )


I have 4 pdls: cashadvanceUSA,cashadvanceNow,ameriloan,gfsil and unitedcash and in three of them I haven't paid the principle yet, but I'm really strugglin and can't pay the fees right now!!! my water and light bill are behind, I'm really thinking about closing my accn't evern thoug that's not what i really want to do I don't see any other option. Pls. help!!!!!


lrhall41

Submitted by on Fri, 10/27/2006 - 09:30

( Posts: | Credits: )


Nascarmom, Payday lending is legal in your state. So I dont know if there is anything you can do. There is an interest rate of 1980 percent in your state. Go to paydayloaninfo.org and click on your state. I dont want to give you false hope so you need to look for yourself. Also I would contact Attorney Generals office and ask for advice. KYSIDE38


lrhall41

Submitted by KYSIDE38 on Fri, 10/27/2006 - 18:41

( Posts: 2477 | Credits: )


Nascarmom, you are not alone, believe me. I am in the same situation. My husband and I have separate accts., and are supposed to be splitting the bills. Thing is, he makes about $25,000 a year more than I do, and I had a few unexpecteds come up. Took out a few pdls, and here I am. I've bounced the daycare check, just like you....reading your story was like reading my own.

I have followed the invaluable advice of the people on here and am slowly making progress. I closed my bank acct. so the pdls couldn't get access to it, and that has helped a lot. Please don't beat yourself up, I have done enough of that for both of us. Things will look up. I know that my husband would flip out if he knew my situation, and it was just bad choices on my part. Desperation makes us do stupid things sometimes.


lrhall41

Submitted by Tiffany99 on Mon, 10/30/2006 - 08:48

( Posts: 1058 | Credits: )