Should I be worried?
Date: Wed, 12/02/2009 - 15:25
Ameriloan
Loan Amount=350
Paid Amount=385
Us Fast Cash
Loan Amount=350
Paid Amount=0
I sent them the letters as advised by peeps on this site. I tried to send a money order to Us Fast Cash for the principal and they said they are a green company and they only take credit or debit cards so I havent paid them because I dont want them having access to my banking account. Also I in the letters I sent them I told them not to call me only write me for debt communications. They havent called me at all and only send me emails once every month or so. They havent sent me to an outside collection agency and are not reporting on my credit report. Should I be worried? What should I do?
No... I'd suggest not paying them at all. It's federally illega
No... I'd suggest not paying them at all. It's federally illegal to condition a loan with pre-authorized electronic fund transfers as the only method of payment. It's also federally illegal to write a contract that waives that right. Keep the money.
Which state are you in? I'd suggest you to check the state laws
Which state are you in? I'd suggest you to check the state laws first, click here.
You can also read more about US Fast Cash in the following link.
http://www.debtconsolidationcare.com/paydayloan/louisiana-usfastcash-dealings.html
Hope it helps.
They're a green company and only take credit/debit cards, huh?
They're a green company and only take credit/debit cards, huh? THAT's a new one from the PDL's, I've not heard that before. Did they send the money order back to you? If not, then they are in effect accepting that form of payment. If you DO pay them, get a prepaid credit card.
Quote:Originally Posted by AnonymousThey're a green company and
Quote:
Originally Posted by Anonymous They're a green company and only take credit/debit cards, huh? THAT's a new one from the PDL's, I've not heard that before. Did they send the money order back to you? If not, then they are in effect accepting that form of payment. If you DO pay them, get a prepaid credit card. |
new one on me too.they must be changing their venacular,because people are on to them,and they have to come up with a term that justifies their stance of debit-credit cards.i wouldn't pay them period without an address to send payments.they are are a green compant that exists on blood money...go figure.
We still need to know what state you are in, thanks!
We still need to know what state you are in, thanks!
Quote:Originally Posted by pseu donymNo... I'd suggest not payin
Quote:
Originally Posted by pseu donym No... I'd suggest not paying them at all. It's federally illegal to condition a loan with pre-authorized electronic fund transfers as the only method of payment. It's also federally illegal to write a contract that waives that right. Keep the money. |
I do not agree with this, we always advise to pay back at least what was borrowed (if loans are illegal, some payday loans are legal, which is why we need to know what state you are in :) )
Make sure you file complaints with the Department of Corps and A
Make sure you file complaints with the Department of Corps and AG, and FTC and BBB. I know for a fact that Ameriloan is going back to court May 2010 and the Depart of Corps is pretty confident they will have them banned from doing any business in California. I spoke with them and she said they need all the complaints they can get before going to court. I am also keeping a call log.
You have paid off Ameriloan and then some, pay back what you bor
You have paid off Ameriloan and then some, pay back what you borrowed to the other lender, neither are licensed to lend in your state. First you will need to close out you account, open a new one at a totally different bank and do NOT give that account information to ANY payday lender EVER. Once these criminals have your account information it will never be safe again, while you may think you have them paid off it could be a year down the road they come back to haunt you and decide you still owe them money, then debit your account again, this is why you need to close out the old account. CLICK HERE to find out how to deal with illegal lenders.
Quote:Originally Posted by bea2lsI do not agree with this, we al
Quote:
Originally Posted by bea2ls I do not agree with this, we always advise to pay back at least what was borrowed (if loans are illegal, some payday loans are legal, which is why we need to know what state you are in :) ) |
Yes, the poster should pay back the money owed and it appears that he/she tried to do so via money order. I'd suggested in an earlier post that they use a prepaid credit card. However, if the PDL refuses to accept these forms of payment, what is the person to do? (not trying to start an argument, just asking! :) )
^^ oh no, no arguments at all. in that case i agree with you 100
^^ oh no, no arguments at all. in that case i agree with you 100%. i just did not want anyone to get the wrong idea :)
to be real honest i never even went for the prepaid card route (my thought was why should i pay more money? and some prepaid cards allow companies to over-draw them) and demanded money orders only.
That's my thought as well; it seems to me if this poster sent in
That's my thought as well; it seems to me if this poster sent in the money order, they were showing their willingness to pay off a debt, even if the PDL is illegal in their state. Now if the PDL does not want to accept that method of payment (and I can't see why any HONEST company would refuse a money order - I find it difficult to believe that PDL's are developing social conciences and "going green"!), then quite frankly it's the PDL's loss. (again, personal opinion only)
Quote:Originally Posted by ShazzersWe still need to know what st
Quote:
Originally Posted by Shazzers We still need to know what state you are in, thanks! |
Ameriloan is an SFS d/b/a... they're de facto illegal everywhere
Quote:Originally Posted by AnonymousThat's my thought as well; i
Quote:
Originally Posted by Anonymous That's my thought as well; it seems to me if this poster sent in the money order, they were showing their willingness to pay off a debt, even if the PDL is illegal in their state. Now if the PDL does not want to accept that method of payment (and I can't see why any HONEST company would refuse a money order - I find it difficult to believe that PDL's are developing social conciences and "going green"!), then quite frankly it's the PDL's loss. (again, personal opinion only) |
they prolly just have claimed to "go green" because of those shady e-mails related to climate change. They figure if there is fraud involved, they should be waist-deep in it!
Quote:Originally Posted by AnonymousThat's my thought as well; i
Quote:
Originally Posted by Anonymous That's my thought as well; it seems to me if this poster sent in the money order, they were showing their willingness to pay off a debt, even if the PDL is illegal in their state. Now if the PDL does not want to accept that method of payment (and I can't see why any HONEST company would refuse a money order - I find it difficult to believe that PDL's are developing social conciences and "going green"!), then quite frankly it's the PDL's loss. (again, personal opinion only) |
I agree 100%.. as long as the effort is made to make good on the prinicpal, than it is not anyone's fault but the payday lender at that point.