what should i do ?

Hi nayner,
Just to clarify, what have you paid on these, total with fees? If you can list them again and post the original priciple borrowed and the amount you've paid, someone who knows your states laws can help you out a bit better.

If you do a search in the box in the upper right hand corner for your state's laws, you might be able to find out some more information.

Keep your chin up!
Jen

Is your Cash Net Cash Net USA or Cash Net 500? It will make a big difference.

Cash Net USA and Cash Central are legal lenders.

Ok, dont know where my post went.. so i will try again. My name changed to naynernayner

Cash Net USA (legal in Wa) borrowed $450 owe/due on 8/8 $510.75 (no rollovers allowed)

Cash Centrual (legal In Wa ) Borrowed $500 owe/due on 8/22 $575

Nationwide Cash. Borrowed $300 have paid $450 (4 roll overs at $90 each) in fees and $50 toward principal. Owe $ 325 now

CashBack Payday Loans Borrowed $450 have paid $450 in fees (4 roll overs) Made an agreement for 5 pymts of $112.50 for a total of $562.50 - Paid $112.50 towards it. still Owe $450 but they didnt debit my acct on 8/8 for the 2nd payment

BTW - Washington law specifically states that a loan from an unlicensed company is unenforceable and uncollectible.

I would concentrate on paying off Cash Net USA and Cash Central, since they are the only legal companies.

Nationwide and CashBack, well, you've paid more then principle in fees. You don't owe them another cent!

Ok, since I dont owe them another cent........

how do I get them to stop collecting? I dont want to have to close my bank account
:sun:

You would have to close the bank account - There really is no other way around it.

Is there a specific reason you don't want to close the account?

I know that closing our bank account is a royal pain, but like goudah said, it really is the only way. You have more than repaid. If they have access to your money they will debit it FOREVER. Please give it some thought.

yep, dont want to close the account, cause it is joint with my husband & I have direct deposit into it.

My husband is not able to get another account for another year due to a previous problem checking acct, that was actually paid in full, but the bank reported it anyways.

Oh well i will just go with the agreements I have & pay them in full.

but my original question was never answered... as to Cashback, since they didnt debit my acct yet... should I call them ? I guess if they dont do anything by the next pay date then I can be sure to call & find out whats going on
Thanks for all your other help

I wouldn't worry about the "late" debit. I am sure it will show up, eventually.

Check out our banking forum here - MCA (Mary) is amazing at finding people bank accounts that are on Chexsystems. I'm on Chexsystems and I have 4 accounts at 2 different banks.

It's really worth it to close the account.

i agree, close your account and open a new one, if you explain to your bank what is up they may open a new on for you, without the usual verification stuff.. as for teh illegal pdl's try this letter

To Whom It May Concern

It has come to my attention that you a payday loan I have with you was made in violation of Washington State Administrative codes governing Check Cashers/Sellers and Payday Lenders (Chapter 208-630 WAC Check cashers and sellers - regulation of), wherein it states that payday lenders are required to be licensed by the State of Washington. This law applies to any payday loans made to Washington State Residents regardless of the state of origin or contractual jurisdiction agreements.

Because you were conducting payday lending business in violation of this administrative code and the governing law directing its creation. This violation renders our contract illegal in the State of Washington, rendering ay terms agreed to therein null and void. Under the above noted law, loans made illegally are not collectable.

Effective immediately, I hereby permanently revoke any and all authorizations, assignments or rights granted to ______, its successors and/or assigns to electronically access any account owned by me. Futhermore, I hereby immediately and permantently revoke any actual and/or alledged voluntary wage assignment claimed by you.

On advice of counsel, prior to either initiating civil action and/or requesting that Washington State authorities investigate your business practices (including those of any potentially related businesses) I am requesting a refund of fees paid in the amount of $______ Understanding that this request is an attempt to avoid pursuit of other remedies, I am willing to agree in writing not to pursue additional civil action to seek redress.

I may be willing to explore other options to resolving this situation and I look forward to your written reply

Regards,