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PDL HELP, had to close acct.

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I am way in over my head with these PDL's and I think someone above is telling me now is the time to handle this. I had to close my checking account last week due to the US National Bank Scam. I have asked, re-asked and am told that NO transactions will be allowed thru the account, no matter how it is presented.

I will have to call all of these lenders to get exact dates that I have started paying but some of them go back pretty long. I live in the state that is wishy washy, PA.

MTE (quickest-cash-advance.com) owe $130
Apple-owe approx. $140
GRC-owe $300
Loan Shop North NBA $680
United Cash Loans-$455
Arrowhead-$250
B&L-Owe $200
One Step Cash-$200
PayCheckToday-??
Paydaymax-$604
Cashnetusa-$822
ZipCash-?? According to website, no longer making loans
Little Loan Shop-??
My Loans USA-$650
PayDayOne-$800
PayDayOne-$600

I was paying $1600 just in finance charges every 2 weeks. CashNetUSA is set to try to take funds on 8-11 and one of the PayDayOnes on 8-13, all others on 8-15.

I know I owe the principle on all of these and my thought was to call all and try to set up payment arrangements??!! I can not, upon advice of a lawyer and my bank, give out my account number again. I am willing to pay the principal and am not trying to get out of paying it, just have to stop paying so much every 2 weeks.

Advice would be greatly appreciated at this point. Am I going to go to jail for this? PLEASE help. I bet you've never seen someone with so many loans. I honestly don't even know why I took them. I think it was a game to see how many I could get.

Diane




I think I posted that on your first page. Whether they were licensed, and if I knew where I put that too.

Here are UT Laws:

Quote:
Utah State Information

Legal Status: Legal (Applies to check cashers only)

Citation:
Utah Code Ann. ???? 7-23-101 et seq.

Loan Terms:
Maximum Loan Amount: No Limit
Loan Term: May not exceed 12 weeks
Maximum Finance Rate and Fees: No usury limit
Finance Charge for 14-day $100 loan: No Limit
apr for 14-day $100 loan: No Limit

Debt Limits:
Maximum Number of Outstanding Loans at One Time: No limit
Rollovers Permitted: Not Specified (cannot extend or renew loan more than 12 weeks from original loan date)
Cooling-off Period: None
Repayment Plan:

Collection Limits:
Collection Fees: Not Specified
Criminal Action: Not Specified

Where to Complain, Get Information:
Regulator: Utah Department of Financial Institutions
Address: 324 South State Street, Suite 201 Salt Lake City UT 84111
Phone: (801) 538-8830
Fax: (801) 538-8894



Sub: #21 posted on Mon, 08/11/2008 - 11:50

RoxyNY RoxyNY
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(Posts: 4178 | Credits: )

Deleware:

Quote:
Delaware State Information

Legal Status: Permitted under small loan act or licensing law - Legal

Citation:
Del. Code Ann. Tit. 5 ???? 2227 et seq.

Loan Terms:
Maximum Loan Amount: $500
Loan Term: Max: 60 days
Maximum Finance Rate and Fees: Not Specified
Finance Charge for 14-day $100 loan: No Limit
apr for 14-day $100 loan: No Limit

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified ($1000 aggregate loans outstanding to all licensees)
Rollovers Permitted: Four (rollovers)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees:
Criminal Action:

Where to Complain, Get Information:
Regulator: Delaware Office of the State Bank Commissioner
Address: 555 E. Loockerman Street Suite 210 Dover DE 19901
Phone: (302) 739-4235
Fax: (302) 739-3609
Regulatory Contact: , Administrator, Non-Depository Institutions and Compliance





New Mexico

Quote:
New Mexico State Information

Legal Status: Legal

Citation:
N.M. Stat. Ann. ???? 58-15-32 to 38

Loan Terms:
Maximum Loan Amount: $2,500
Loan Term: 14 to 35 days, can be shorter by written agreement
Maximum Finance Rate and Fees: $15.50 per $100; $.50 verification fee per $100
Finance Charge for 14-day $100 loan: $16
APR for 14-day $100 loan: 417.14%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Total capped at 25% gross monthly income
Rollovers Permitted: None
Cooling-off Period: 10 days
Repayment Plan: Yes, equal installments over 130 day period

Collection Limits:
Collection Fees: $15 NSF fee one time per loan
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: New Mexico Financial Institutions Division
Address: 2550 Cerrillos Road, 3rd Floor P. O. Box 25101 Santa Fe NM 87505
Phone: (505)476-4885
Fax: (505) 476-4670
Regulatory Contact: Henry A. Vigil,, Consumer Industry Manager





Nevada

Quote:
Nevada State Information

Legal Status: Legal

Citation:
Nev. Rev. Stat. 604A.010 et seq.

Loan Terms:
Maximum Loan Amount: 25% of expected gross monthly income
Loan Term: Max: 60 days
Maximum Finance Rate and Fees: Not Specified (After default: interest rate must be equal to or less than the prime rate at the largest bank in the State of Nevada plus 10 %)
Finance Charge for 14-day $100 loan: No Limit
APR for 14-day $100 loan: No Limit

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: Not Specified (Lenders cannot extend payment period beyond 60 days after expiration of initial loan period)
Cooling-off Period:
Repayment Plan: Yes

Collection Limits:
Collection Fees: $25 dishonored check fee (max. two fees for insufficient funds; max. one fee for closed account) Court Costs; Reasonable Attorney's Fees; Service of process costs
Criminal Action: Prohibited (Unless customer acted with criminal intent)

Where to Complain, Get Information:
Regulator: Nevada Financial Institutions Division
Address: 2785 E. Desert Inn Rd., Suite 180 Las Vegas NV 89121
Phone: (702) 486-4120
Fax: (702) 486-4563
Regulatory Contact: , Supervisory Examiner



Sub: #22 posted on Mon, 08/11/2008 - 11:52

RoxyNY RoxyNY
Moderators
(Posts: 4178 | Credits: )

Little Loan Shop is licensed in UTAH. You will need to use the Utah state laws in your letters ....

PAy Day one is licensed in DE, so you will need to use the DE laws in your letter to them.

When you do the letters you need to calculate what you owe based on the state law the company is using.

That should be all of them. I still am not sure about B&L and My Loans USA hopefully someone else will come along with information on them.

Sub: #23 posted on Mon, 08/11/2008 - 11:59

RoxyNY RoxyNY
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(Posts: 4178 | Credits: )

PA needs to hurry up and get a set of laws passed to control IPDLs. You might be able to hang around until FEB 09 like Goudah said and then settle to the new PA laws if they pass them. Techically these would fall under the old laws though since the loans were made prior to the law passing.

Sub: #24 posted on Mon, 08/11/2008 - 13:14

DOLLARSandSINCE DOLLARSandSINCE
Moderators Cum Industry Expert
(Posts: 1078 | Credits: )

It's amazing how empowered I feel and I've only sent 1 letter so far, Cashnet USA. Bring it on.............

Questions:

1. I'm sure they will be calling now as I faxed the first letter overnight. Do I answer the call? I stated the only correspondence should be e-mail or USPS. Do I return the call?

2. One Step Cash & Pay Day Max you have listed as not liscensed. Is this the same thing as illegal? Just wondering so I know which letter to send.

3. How do I calculate what I owe? Ex. with Cashnet USA. I have paid $490. The principal was $700. The extension fees were supposed to be $175 for 4 extensions ($700) but as I am a valued customer (ashamed to say that) I got a discount and only had to pay $122.50 each time ($490). They are liscensed in NV.

Thanks again,

Diane

Sub: #25 posted on Tue, 08/12/2008 - 04:41

dlsbrs dlsbrs

(Posts: 54 | Credits: )

Diane, I never took their calls if I could help it. And when they did call, I sent an email stating they were not supposed to call and attached my letter with it. As for one step and pdm, yes, they are illegal. Lastly, With Nevada, they can charge you anything they want for a 14 day loan -

Quote:
Finance Charge for 14-day $100 loan: No Limit
apr for 14-day $100 loan: No Limit



New Mexico law allows for a repayment plan -
Quote:
Repayment Plan: Yes, equal installments over 130 day period

You may want to add that to your letter.

Sub: #26 posted on Tue, 08/12/2008 - 05:06

RoxyNY RoxyNY
Moderators
(Posts: 4178 | Credits: )

I'm looking for addresses and fax numbers to the following and am having no luck. Can anyone help:

MTE-Quickest-cash-advance.com
Apple Phone # 888-309-3278
GRC
Arrowhead
B & L Marketing Phone #866-656-1136 Fax #866-370-7045
One Step Cash Phone #866-431-2274
Pay Day Max Phone #877-937-3729 Fax #877-729-9682
Zip Cash
Little Loan Shop Phone #877-991-2288
My Loans USA Phone #877-444-0555

I can always call but thought I'd ask here first.

Sub: #27 posted on Tue, 08/12/2008 - 05:11

dlsbrs dlsbrs

(Posts: 54 | Credits: )

Diane, You can usually find information on these companies on the site...or on the BBB web site. If you want to know anything about the companies, such as the addresses, type in the company name and what you want to know, ie. Apple Cash Advance address, in the search box at the top of the page and the search will give you the threads where apple and addresses are mentioned. MOst of the time someone will post the addresses for you but if you do not have time to wait or want to look up stuff for yourself, that is the best way. I like to look up the stuff becuase I am always finding new information.

Sub: #28 posted on Tue, 08/12/2008 - 06:21

RoxyNY RoxyNY
Moderators
(Posts: 4178 | Credits: )

Apple Fast Cash Personal Loans
1010 Concord Ave, Ste 204
Wilmington, DE 19802

Zipcash
29L Atlantic Ave #175
Oceanview, DE 19970
Phone: 866-320-2947
Fax: 866-922-7401

Arrowhead Investments
PO Box 415040
Kansas City, MO 64141

Paychecktoday
515 G SE
Miami, OK 74354-8224
paychecktoday.com
voice 1-866-756-0600
fax 1-800-671-0131 or 1-866-344-9701

United Cash Loans
3531 P St NW
Miami, OK 74355
800-230-9480
OR
PO BOX 111
Miami, OK 74355
Phone 800-230-9480
Fax 800-803-8794
email: compliancedepartment(at)unitedcashloans.com

Sub: #29 posted on Tue, 08/12/2008 - 06:29

RoxyNY RoxyNY
Moderators
(Posts: 4178 | Credits: )

Quickest-Cash-Advance
Phone: (866) 539-7504
Fax: (186) 624-6015 ext. 7
Address: 515 G SE
Miami, OK 74355
Website: quickest-cash-advance.com
Email: compliancedepartment(at)quickestcashadvance.com

Geneva Roth Ventures (GRC)
P.O. Box 148
Shawnee Mission, KS 66201
800-351-8820 ext. 247

One Step Cash
9218 Metcalf Avenue
Suite #112
Overland Park, Kansas 66212
(866) 431-2274

Sub: #30 posted on Tue, 08/12/2008 - 06:35

RoxyNY RoxyNY
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(Posts: 4178 | Credits: )

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