It gets crazier every payday

Antonio, I know you said you researched CA law but I am going to post it so everyone else can see it (just select your state),

http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

You said your bank will close your account but you wold still be held responsible for the fees...Ask them to hard debit block your account...You want all debits blocked. There are other members that know more about this than I and I am sure they will provide more advice. Next it looks like you have both internet and storefront pdls. I know you said you want to handle the internet..I know you listed companies and fees, but please list the name of the company, how much you borrowed and the total of how much you have paid them ( for example cash net - borrowed 200 -paid 150) This will help us better help you. You are on the right track we will help you through this...we have all been where you are.
Roxy

Antonio please do as Roxy has asked that will make it a little easier for us to put it together...and please please know...don't be ashamed...most of us here have traveled the same road...I myself had 10 internet pdls for about 2 years..this site helped me take control again and we can help you.

Well first of all with you states laws you are not allowed roll overs. So anything you have paid after the first fee should have gone off your balance. So you need to send letters with you states laws included.

Second, with advance america, thats a storefront right? They are letting you do roll overs?

You need to file complaints with you state. And try what morningstarr said with your bank. Because if you put a hard block on your account they won't charge you nsf fees.

Thanks for your advice on the bank issue. I will find out tomorrow about the hard block on all deposits.

Here is a better breakdown of my current PDLs.

Online PDLs:
Cashnetusa.com: Loan $255 / balance due 286 (15 Sept)
Ezpaydaycash.com: Loan $250 /Paid: $250 /Due:$285
Nationalpayday.com: Loan $250 / Paid: $340 /Due:$343
Militaryfinancial.com: Loan: $975 /Paid $0/ Due: 1695(over 4 pymnts of $415)
cashcentral.com: Loan: 250 /Paid $250 /Past Due: $100

Storefront PDLs:
Advance America; Loan 250 / Paid: $220 / Due: $100

Question:
I recieved a call earlier after I signed up from a gentleman from Oakview Log. He claimed that working through him I can set up to have an attorney assist me with consolidating and putting an end to my PDL disaster. Have any of you had an experience with this before?

Antonio- Welcome...I am also in CA and in your situation and was able to get a handle on it once I found the support and advice of this board. You do not have to let the pdl's run your life!

As roxy asked, can you get a debit block on your account? You have to ask for this specifically... Then can you close your account and open a new one OR do you have another account already someplace else?

Putting a Debit Block on my checking account will block all the PDLs from debits my account. Will this cause me to paying more in the long run, since all the payments will be returned to the PDLs? According to Ca PDL laws, criminal prosecution is prohibited, but will can additional charges be added to my loans?

They will say it will, but the fact of the matter is that unlicensed companies are illegal and cannot collect any fees.

The companies you are dealing with that are licensed and legal, Cash Net USA, Advance America, and Cash Central can add a $15 NSF fee, but that is all.

You have to find the right person at your bank to sit down with. I have found different people within the same organization play with different rules. The branch manager is generally the best person to deal with. Not whoever is in charge when they are not there. I see Military Financial listed. Are you Military? Are they a storefront?

Yes, I am military. Militaryfinancail.com is an online PDL out of Delaware. They claim to be short term loan but over the 2 years I have dealt with them, they clearly are a PDL. They are the most expensive PDL I have had to deal with and the hardest to get rid of. 2/3 of my paychecks goes to them every payday, forcing me to redo. I have had to plan all my other financial needs around them.

Does anyone know any information on PDLs out of Delaware. I have tried to research the company further but I seem to always end up at a dead end.

DE doesn't have any caps on interest, which is why it costs so much. BUT - This company needs to follow CA law, not DE law. They will say otherwise but the fact of the matter is that CA law has jurisdiction over the transaction. Period.

New laws have been passed protecting military members from these places.

You need to close your bank account. Please read this thread about some information you need to know before you close the account:

http://www.debtconsolidationcare.com/paydayloan/close-account.html

You have paid plenty on the illegal loans you have. I wouldn't give them another dime.

Work on making payment arrangements with the legal places.

2nband just posted that Military Financial come up under Mangnum on the BBB web site.

Hey antonio...looks like you've paid these jokers the principal...dont worry about them getting any more $$ from you. What you need to focus on right now is getting that bank account taken care of and getting your paycheck back that you've worked hard for.

Thank you for your service....

Thank You all for your great advice and generosity to help others. I have an appointment with my Bank's Branch Manager today and will have a hard block on all debits placed on my account.

Is there a format I need to follow when I send the letter to PDL companies advising them I have placed the hard debit block on my account? Do I need to inclued that I will only pay the principal amount along with the legal fees according to my state, and only an in payment amounts I can afford?

antonio- I sent a message to cannr to have her PM you her form letter...I used it and its a good one. check your messages box soon....

Recommend that you fax, email and send certified to each pdl. Bombard these jokers with your letter!

Hi Antonio. Welcome to the forum! It seems like you are well on your way to getting things back under control. You are going to be amazed at how much better you are going to feel when you get your first "full" paycheck. I was so stoked. :-) I felt like I had a million dollars and could actually pay my rent!!! Good luck to you. :-)

3 of my 4 current PDLs are not licensed to lend in California. I checked the California Licensed Database offered at this site and they didn't come up. I called the company and asked if they had a different company name they were listed as licensed in California. 2 of them hung up on me, one of them said "we are web based" we don't need that.

What should be my next step. All of these PDLs will be debiting my account on Friday. How can I stop them from doing this.

Have you read the thread about closing your bank account? It has some info about blocks and such you can put on your account to stop these places from taking your money.

http://www.debtconsolidationcare.com/paydayloan/close-account.html

I decided to try to get a settlement offer through one of the company offered at this site. Closing my account is not an option because my DD is 2 days away. After reading all of your experiences and great advice I could not fork over another penny to these PDLs. My paycheck would simply disappear if I close it or let the PDLs have thier way with it.

I attempted to contact each PDL on my own and explained to them, what I found out and even tried to work out a payment plan, but that was unsuccessfull. Thier only answer was that they did not have to follow Ca Laws because they were internet based, and that payments were not an option. They would debit the total amount owed (principal + interest) on my next Payday.

I got my bank to attempt one more option and see if they would be able to block them and possibly get the attorneys involved.

This site has been a blessing. I cannot regret not finding this site earlier , I can only use this new knowledge to my advantage and pass it on to as many people I can.

I would like to thank everyone for all your help. It is greatly appreciated it. I will check this forum everyday and pass on any experiences I have.

Thank You All!!

antonio, I can help you. Check your messages. :D

Follow Cannr's advice -

Any questions you may have, please ask! We can help!

And BTW - They do have to follow CA law . . . . . Just ask your attorney general's office!

Once I close the account and sent them the letter advising them I am revoking all privledges to my account, are they able to add any additional charges to my loan with them.

My bank said I wouldn't be charged through them, but I am concerned with being legally liable for the returned check charges from the PDLs.

They can only add $15 on to the loan, and that is only for the legally operating companies.

With the operative word being "legally"

antonio, I though I addressed this in our pm. I'm sorry if I "skipped" this question. Of course the pdl's are going to add fees on to your account. Yes, yes, they are. And? So, good for them. antonio, they are already illegal. You only owe the principle amount of the loan. They're going to claim you owe $600 on a $200 loan. Do NOT worry about this. They're idiotic illegal "fees" mean nothing. Just focus on the principle amount. The rest of the "fees", they can stick where the sun don't shine.

I believe antonio was concerned regarding his pdl's that are illegal. Illegal. Illegal. God, don't you just love that word? :shock: I have an "I hate pdl's" attitude today!

Behold, we shall call it "IHP" syndrome. :lol:

Yes thats what I thought, I had just gotten of the phone with the bank and they asked. I actually should have worded my question right. Will the be able to charge $15 every time they attempt to debit my account or can they only legally charge me those $15 once.

Cannr - I thought we had IHP syndrome every day... :lol:

antonio, WHO charge you the $15??? You mean the bank NSF fee from the bank??? Or the pdl charge you a $15 fee??? Because if that's what you're asking "can the pdl legally charge you $15" NO. They are illegal. They can not "legally" charge you shit! Did this make sense? Or did I not understand your question?

Cannr- I think his questions go back to Goudah's post.

Quote:

Yes I understand now...

Illegal companies cannot legally charge anything. Trust me I will not pay anything.

For a little bit yesterday, I felt morally responsible for the principal amount. I have been dealing with these phuking PDLs for over 2 years...WHY? Because I could not afford to pay thier insane charges (which I just found out and they obviously know..is phuking illegal). They offer a loan for a way out, but they are purposely setting you up for a financial roller coaster through hell.

Not no more, I am gonna do everything I can, but I will not pay anymore...my morals are out the door on this one. They obviously didn't have any either when it came to the threats to get me punished through my chain of command, supervisor and even my commander. (which I know now is illegal).

BINGO!!! You are spot on!

antonio, keep the attitude! That's exactly what you need! :wink:

Wooo Hooo - another one to anti-pdl dark side :lol:

I personally think these pdl co's are stupid if they try to mess with the military or am I just thinking outloud. Anyone else agree?

ladybug

I agree ladybug...No one should mess with the military. For many of them life is stressful enough. Me, I am appreciative of all they do...but I am partial..I have a military son and husband..

antonio! You got an avatar! Good going! You are right there with us "cool" ones! :lol: And I agree with ladybug and roxy. No one should mess with our military people. I believe no one should be messed with at all regardless of who they are or what they are. However, these people have devoted their lives to protecting ours and these ruthless people try to take their hard earned money anyway. Well, they try to take everyone's hard earned money. Antonio, you post if you need anything else, okay? :wink: