Dont know what's next? Need help!!
Date: Fri, 12/26/2008 - 05:29
Submitted by uaintgonnabelievethis
on
Fri, 12/26/2008 - 05:29
Total Replies: 8
Please list your state, who you borrowed from, whether they are
Please list your state, who you borrowed from, whether they are internet or store front, amount borrowed and amount paid and someone will be along to assist you.
I live in Ohio, (sorry) I have a total of 6 loans (my error) wit
I live in Ohio, (sorry) I have a total of 6 loans (my error) with:
(These amounts are before fees)
CashTransferCenter-online Borrowed $700 Pd $0.00
Eastsidelenders - online Borrowed $450 Pd $202.50
Big Limited/Big ACH - online Borrowed $200 Pd$325 (still trying to debit account)
PayDayServices - online Borrowed $750 Pd $656.25
PayDayonline - online Borrowed $300 Pd 215
and Always Payday - storefront $500 Pd $0.00
All of your Internet loans are illegal. You will only owe them t
All of your Internet loans are illegal. You will only owe them the principal amount you borrowed, period.
I'm sorry to tell you this, but there is only one sure way to stop the withdrawals, and that is to close your account. If that isn't an option, then tell the bank to put a hard debit block on your account. Before you close your account, read this information at the link below. http://www.debtconsolidationcare.com/paydayloan/close-account.html
Please do not let any of these pdl's know you are going to close your account, until AFTER you have done it
If I were you, I wouldn't worry about the illegal pdl's right no
If I were you, I wouldn't worry about the illegal pdl's right now and deal with the store front lender first. Before you default, go to the store and ask for the EPP (Extended payment plan), an explanation of the EPP is below taken from the CFSA (Community Financial Services Association of America) site.
Quote:
Extended Payment Plan *. Each member will provide customers who are unable to repay a payday advance according to their original contract the option of repaying the advance over a longer period of time. Such an extended payment plan will be offered in compliance with any requirement in state law to provide an extended payment plan or, in the absence of such a requirement in state law, in compliance with the Best Practice ???????Guidelines for Extended Payment Plans.??????? A member will adequately disclose the availability of the Extended Payment Plan to its customers in compliance with any requirement in state law for such a disclosure or, in the absence of such a requirement in state law, in compliance with the Best Practice ???????Guidelines for Extended Payment Plans.??????? (Amended 7/21/08) |
I will post some info on how to deal with the illegal lenders sh
I will post some info on how to deal with the illegal lenders shortly.
Cash transfer Center is illegal and based in Canada and Malta.
Cash Transfer Centers
Email: customercare(at)cashtransfercenters.com
Fax: 866-809-4069
Level 8 Suite 3
Plaza Commercial Center
Bisazza Street
Sliema SLM15, Malta
phone: 1-866-958-3278
fax: 1-866-809-4069
Eastside Lenders- Unlicensed in Ohio.
9218 Metcalf Ave #112
Overland Park, KS 66210
Telephone: (866) 569-6636
Fax: (180) 058-1429 ext. 6
eastsidelenders.com
Quote:
B I G Payday |
1005 Terminal Way STE 102
Reno, NV 89502-2179
Telephone: (877) 282-5450
Fax: (877) 762-7350
big-int.com
I am searching for the other two: PayDayServices, and PayDayonline. :)
Payday Services - Unlicensed in Ohio 300 West 200 South Ste 350
Payday Services - Unlicensed in Ohio
300 West 200 South Ste 350-B
Salt Lake City, UT 84101
Telephone: (800) 420-8023
Fax: (800) 420-8024
Payday Online - Unlicensed in Ohio
1201 N. Orange St.
Wilmington, DE 19801
(800) 928-3161
I hope the information below will help you. :) You are only obl
I hope the information below will help you. :)
You are only obligated to pay back the principal amount you borrowed from an unlicensed/illegal Internet Payday Lender.
[quote]
What should you do?
Close your account asap, if you are unable to close your account, go into your bank and ask to speak with the Branch Manager, tell him/her you need a hard debit block placed on your account immediately! Explain that you are revoking ACH authorizations from unlicensed/illegal companies, and have learned these companies are notorious for ignoring revocation, therefore it is important to BLOCK any withdrawal attempts on your account to protect your interest. This is your privilege, do not accept no for an answer. The following link will provide you important information regarding closing accounts. CLICK HERE
What next?
AFTER your account is secure send each pdl (the unlicensed and illegal) an email similar to THIS (please scroll down to locate letter template). Tailor this letter to your needs, and try to write it with the same basic concept in your own words. You will need to research and locate email addresses/physical addresses if you don't already have them, I suggest that you type the name of the pdl (example: "oneclickcash address") in the search box in the upper right hand corner of this forum. You may also search for addresses HERE at the Better Business Bureau.
File complaints: Most of the time, you can file a complaint online with the following, I encourage you to follow through with doing so, you will need to search the Internet for your state Attorney General's website, however, here are links to file complaints for the FTC, Online complaints: Federal Trade Commission., and the BETTER BUSINESS BUREAU.
Keep in mind that you may not receive a response for days, or even weeks, or, you may receive harassing and threatening phone calls. I have found the best way to deal with this is not to respond or reply, simply hang up.
Side note: If you have paid an illegal/unlicensed payday lender above and beyond the principal amount you borrowed, it might be a good idea to demand a refund and a paid in full letter/receipt. You may or may not get one or both. It still doesn't hurt to include that tidbit in your letter. :)[/quote]