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Loan shop online - Do you have any loan with loan shop online?

Submitted by sh0762 on Tue, 09/23/2008 - 11:34
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Has anyone had any dealings with the Loan Shop Online? I received a letter from them and at the bottom of the letter it also has the name LTS Management Services. I borrowed $300 and paid them so far $720. I am from Florida.


I have had payday loans from several companies and this is the only one I can recommend. They were pleasant to deal with and followed your instructions.


Submitted by on Mon, 01/04/2010 - 10:27

( Posts: 202330 | Credits: )


Could someone help me also? These people are driving me nuts! They are constantly attempting to withdraw money from my account and every agreement I propose to them for payback is unacceptable. I just want these people gone from my life!!!


Submitted by D. Haith on Wed, 01/20/2010 - 08:11

D. Haith

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[FONT=Arial][SIZE=3]Email the illegal lender letter to [EMAIL="wmashburn@ltsmanagement.com"]wmashburn@ltsmanagement.com[/EMAIL] and ask for a refund of any overpayment you've made OR make payment arrangements to pay back the prinicpal amount borrowed. Make sure to include language revoking ACH permission and wage assignment.[/SIZE][/FONT]
[FONT=Helv][SIZE=1][FONT=Helv][SIZE=1][FONT=Arial][SIZE=3][/SIZE][/FONT][/SIZE][/FONT][/SIZE][/FONT]
Also file complaints with the FTC, your state's AG office and the BBB.
[FONT=Arial][SIZE=3][/SIZE][/FONT]
Once I sent the letter to them, Mr. Mashburn got back to me pretty quickly. He marked the account as paid in full, refunded about 50% of the money I overpaid and sent me a letter stating the account was paid.
[FONT=Arial][SIZE=3][/SIZE][/FONT]
[FONT=Helv][SIZE=1][FONT=Helv][SIZE=1]Good luck!
[/SIZE][/FONT][/SIZE][/FONT]


Submitted by OhioGal1 on Wed, 01/20/2010 - 09:16

OhioGal1

( Posts: 5253 | Credits: )


i just got 180.00 taken out of my checking account from these people and i havent ever received any money from them so i guess they think because im a woman i wont do any thing about it but they are going to get sued unles mioney shows up in my account


Submitted by on Thu, 02/04/2010 - 20:00

( Posts: 202330 | Credits: )


Quote:

Originally Posted by Anonymous
i just got 180.00 taken out of my checking account from these people and i havent ever received any money from them so i guess they think because im a woman i wont do any thing about it but they are going to get sued unles mioney shows up in my account

This lender isn't licensed to lend anywhere in the U.S., you would be better off closing your account as your account will never be safe again as long as they have your account information.


Submitted by Shazzers on Fri, 02/05/2010 - 07:37

Shazzers

( Posts: 17344 | Credits: )


my speech to everyone who uses payday loan companies is to be very careful of them especially with the fees. i have dealt with several of them. they really help you when you need it, but the fees are really awful. if you don't pay the loan back the next month, you end up just paying the fee each month, and nothing on the balance which can really accumulate.

i also dealt with loan shop online, and they were descent to me when i needed extensions of time. but unfortunately, with me, i still had to file bankruptcy. not because of them, but because i was so loaded down in debt and i am on disability.

if you must deal with them, try and pay it back as soon as possible. there is another company that if you must have a loan is called MY CASH COMPANY. they are very good also, but the fees with all of them are terrible.

PLEASE TRY NOT TO DEAL WITH THESE PAYDAY LOAN COMPANIES IF AT ALL POSSIBLE. AND BE VERY CAREFUL OF THESE PEOPLE THAT CALL YOU UP AND THREATEN YOU WITH THESE FOREIGN ACCENTS. THEY ARE SCAMMERS TRYING TO GET MONEY. PLEASE BEWARE OF THEM. THEY ARE RIP OFF ARTISTS. DON'T GIVE THEM ANYTHING. ALSO IF THEY CALL YOU, CALL YOUR LOCAL PHONE COMPANY AND HAVE THESE CALLS TRACED.

payday loan companies do not have people calling you like that. they have their own collection department within the company.


Submitted by on Sat, 03/20/2010 - 06:20

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These guys rolled over two loans to me despite my efforts to pay them back, to the tune of $6300. I am in California and have just found out that they are not licensed to operate in CA and are not allowed to loan the amount they have and are not by law allowed to rollover loans at all PERIOD. They suddenly stopped debiting my account thank god but are now trying to get me to reactivate a new loan even though they have a Cease and Desist Order from the State of California. I am suing for the whole $6300 and anything else I can get as punitive damages. Wish me luck!


Submitted by on Mon, 04/26/2010 - 16:53

( Posts: 202330 | Credits: )


Quote:

Originally Posted by Anonymous
my speech to everyone who uses payday loan companies is to be very careful of them especially with the fees. i have dealt with several of them. they really help you when you need it, but the fees are really awful. if you don't pay the loan back the next month, you end up just paying the fee each month, and nothing on the balance which can really accumulate.
i also dealt with loan shop online, and they were descent to me when i needed extensions of time. but unfortunately, with me, i still had to file bankruptcy. not because of them, but because i was so loaded down in debt and i am on disability.
if you must deal with them, try and pay it back as soon as possible. there is another company that if you must have a loan is called MY CASH COMPANY. they are very good also, but the fees with all of them are terrible.
PLEASE TRY NOT TO DEAL WITH THESE PAYDAY LOAN COMPANIES IF AT ALL POSSIBLE. AND BE VERY CAREFUL OF THESE PEOPLE THAT CALL YOU UP AND THREATEN YOU WITH THESE FOREIGN ACCENTS. THEY ARE SCAMMERS TRYING TO GET MONEY. PLEASE BEWARE OF THEM. THEY ARE RIP OFF ARTISTS. DON'T GIVE THEM ANYTHING. ALSO IF THEY CALL YOU, CALL YOUR LOCAL PHONE COMPANY AND HAVE THESE CALLS TRACED.
payday loan companies do not have people calling you like that. they have their own collection department within the company.



I had a loan with Loan Shop and I paid them so much money over the amount loaned that they closed my account as a courtesy. YEAHHHHH FOr the team!


Submitted by on Mon, 04/26/2010 - 18:36

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i would like to pay my loan in full i believe i owe 350.00 it's ok to take it out on 4/30/2010 if other wise let me know how much or leave a contact number james e walker sr deleted...pm i dont know my account number with you

we are not this bottomfeeder(thank god)you will have to contact them yourself,and please refrain from posting personal info on a public forum.


Submitted by on Wed, 04/28/2010 - 11:01

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Quote:

Originally Posted by sh0762
Has anyone had any dealings with the Loan Shop Online? I received a letter from them and at the bottom of the letter it also has the name LTS Management Services. I borrowed $300 and paid them so far $720. I am from Florida.

they are based in delaware,and are good as long as u listen.you choose a payment method and that is what u r in.they charge u a rate according to the payment plan u select.PAY IT OFF ON YOUR NEXT PAY PERIOD SO YOU DONT HAVE TO PAY MORE.THEY SENT U A FORM TO COMPLETE,SO CALL THEM AND CHANGE YOUR PAYMENT METHOD SO U DONT HAVE TO KEEP PAYING ON THAT 300. THEN YOU CAN ESTABLISH YOURSELF AS A RELIABLE CUSTOMER.AND YOU CAN GET MONEY WHEN U REALLY NEED IT.PAY ATTENTION.LISTEN.


Submitted by on Mon, 05/24/2010 - 06:41

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got a $200 loan on 3/4/2010 from "LOANSHOP/ANTILLE 8008069971", also known as Loan Shop Online. I replied to the email authorizing the FULL amount $200 plus the $60 fee to be taken out of my account on 3/26/2010, and $260 was deducted from my account on 3/26/2010. I assumed everything was settled.. On 5/26/2010, I received a phone call from "HCS" a representative named "Charles Watkins" with a call back number of 914-371-6826, gave me my case # for a lawsuit they are putting against me for the amount I borrowed, $200. They said that they only deducted the fee, $60, and not the principal amount. He then transferred me to his "manger" who then began reading me my banking account and routing numbers and the date the deposit was made. They were clear in saying that I could not interrupt while they were reading this information, as if they were going to edit our phone conversation. Obviously I kept saying it was not true and I have proof of the email authorizing the full payment to be made, and also the debit of $260 from my bank account. They said I could either pay the $200 now, or it would cost me around $6,000 to have legal representation in court to fight the claims. He then wished me luck and said "God Bless you". I'm a little worried about this whole situation. I do have proof of everything, so I am covered there but does anyone have any suggestions on what I should do?


Submitted by on Wed, 05/26/2010 - 16:28

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Quote:

Originally Posted by Anonymous
got a $200 loan on 3/4/2010 from "LOANSHOP/ANTILLE 8008069971", also known as Loan Shop Online. I replied to the email authorizing the FULL amount $200 plus the $60 fee to be taken out of my account on 3/26/2010, and $260 was deducted from my account on 3/26/2010. I assumed everything was settled.. On 5/26/2010, I received a phone call from "HCS" a representative named "Charles Watkins" with a call back number of 914-371-6826, gave me my case # for a lawsuit they are putting against me for the amount I borrowed, $200. They said that they only deducted the fee, $60, and not the principal amount. He then transferred me to his "manger" who then began reading me my banking account and routing numbers and the date the deposit was made. They were clear in saying that I could not interrupt while they were reading this information, as if they were going to edit our phone conversation. Obviously I kept saying it was not true and I have proof of the email authorizing the full payment to be made, and also the debit of $260 from my bank account. They said I could either pay the $200 now, or it would cost me around $6,000 to have legal representation in court to fight the claims. He then wished me luck and said "God Bless you". I'm a little worried about this whole situation. I do have proof of everything, so I am covered there but does anyone have any suggestions on what I should do?

I replied to you at the thread below:
http://www.debtconsolidationcare.com/forums/showthread.php?t=71064


Submitted by Shazzers on Wed, 05/26/2010 - 16:57

Shazzers

( Posts: 17344 | Credits: )


Quote:

Originally Posted by sh0762
Has anyone had any dealings with the Loan Shop Online? I received a letter from them and at the bottom of the letter it also has the name LTS Management Services. I borrowed $300 and paid them so far $720. I am from Florida.


Loan Shop Online is a scam. They are NOT located in Wilmington, DE. That is a non-functioning PO Box..
**They even have since changed the company name to continue operating to non-suspecting customers. They are now called "EXTRA CASH LIVE". The same phony PO Box in DE. This is the same company, be informed.
They are actually located in downtown Kansas City, MO. It's real name is LTS Management. I know this all to be true because my closest friend worked for them... stories of shady dealings
He saw account after account where people had paid $1000s to extend loans that were only $400 to begin with!!


Submitted by on Thu, 06/24/2010 - 14:17

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[COLOR=#333333]:evil:Loan Shop Online is a scam. They are NOT located in Wilmington, DE. That is a non-functioning PO Box..
**They even have since changed the company name to continue operating to non-suspecting customers. They are now called "EXTRA CASH LIVE" extracashlive.com. The same phony PO Box in DE. This is the same company, be informed.
They are actually located in downtown Kansas City, MO. It's real name is LTS Management. I know this all to be true because my closest friend worked for them... stories of shady dealings
He saw account after account where people had paid $1000s to extend loans that were only $400 to begin with!!
[/COLOR]


Submitted by on Thu, 06/24/2010 - 14:20

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[QUOTE=Cool_Abyss;453952]I don't know what your company's real name but I'm still going to put a stop to my account because you folks are not helping at all so stop taking out money on my account because this is a online scam. I don't care if your company change your everytime but I know that this is sam on what you folks are doing on people's account. thanks


Submitted by on Wed, 07/07/2010 - 13:12

( Posts: 202330 | Credits: )


Hi everyone,

These things usually happen when you can not afford to maintain a proper budget at the time of getting your paychecks or not keeping your expenses up to your income limit. Hence in order to meet such urgent expenses you need a payday loan.


Submitted by on Wed, 07/07/2010 - 22:46

( Posts: 202330 | Credits: )


thanks so much for the replies everyone...it was really helpful. i am in the process of collection activity with them as well. i have written a letter and it will be sent to all needed parties for this to stop. thanks again.


Submitted by on Wed, 08/25/2010 - 16:24

( Posts: 202330 | Credits: )


I had a guy name Steve Hutchins calling me at work saying that i owned Loanshop Online $500 back in 2008 and now i have to pay back 1250$. I requested him not to called me at work but to emailed me or called me on my cellphone and he refused. He saids that the company willing to settle if i could pay $750 right away. Anyway, i told him that let me check and i will call him back, then he got really furious over the phone saying that i'm refuse to pay and he will take further actions like keeps calling me at work or possible law suit, before he hang up the phone he said no more $750 now you have to pay $1050. What should i do?


Submitted by on Thu, 08/26/2010 - 08:24

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[FONT=Arial][SIZE=4][COLOR=maroon][COLOR=maroon]NO RESPONSE WILL BE CONSTRUED AS YOUR FINAL REFUSAL TO RESOLVE THIS ON A VOLUNTARY BASIS[/COLOR][/COLOR][/SIZE][/FONT]
[FONT=Arial][SIZE=2] [/SIZE][/FONT]
[FONT=Arial][SIZE=2]This is a serious matter and all appropriate remedies will be taken to collect this balance. [/SIZE][/FONT][FONT=Arial][SIZE=4][COLOR=maroon][COLOR=maroon]$1250.00[/COLOR][/COLOR][/SIZE][/FONT]
[FONT=Arial][SIZE=2] [/SIZE][/FONT]
[FONT=Arial][SIZE=2]Through your actions (stopped payments, advised as unauthorized payments, insufficient fund returns, account closed, broken arrangements or ignoring calls…) and lack of cooperation, it is evident that you have no intention of paying this account willingly and further steps must be taken.[/SIZE][/FONT]
[FONT=Arial][SIZE=2] [/SIZE][/FONT]
[FONT=Arial][SIZE=2]Borrowing money and intentionally neglecting to repay what was loaned to you is a serious matter. The consequences for the actions that you have taken were clearly explained in your online payday loan contract that you should have printed for your records at the time of applying. [/SIZE][/FONT]
[FONT=Arial][SIZE=2] [/SIZE][/FONT]
[FONT=Arial][SIZE=2]To avoid these consequences, [/SIZE][/FONT][FONT=Arial][SIZE=4][COLOR=maroon][COLOR=maroon]Make arrangements today[/COLOR][/COLOR][/SIZE][/FONT][FONT=Arial][SIZE=2] to resolve your obligation so that this balance can be cleared without further incident. Contractual enforcement is pending, verification processes may begin as soon as the next seven business days if no effort to make arrangements in initiated on your part.[/SIZE][/FONT]

[FONT=Arial][SIZE=2][FONT=Arial]If you do not respond to me with payment today your file will be escalated as of[COLOR=navy] [/COLOR][/FONT][/SIZE][/FONT][FONT=Arial][COLOR=navy][COLOR=navy]08/31/10[/COLOR][/COLOR][/FONT][FONT=Arial][SIZE=2]. I will have no choice but to assume you are unwilling to resolve this debt. If you would like to repay the loan per your contract with my company, I am willing to assist you with voluntary arrangements. If you do not wish to repay this loan on a voluntary basis and handle this file, I will escalate the file for contractual enforcement. [/SIZE][/FONT][COLOR=black][COLOR=black][/COLOR][/COLOR]
[FONT=Tahoma][SIZE=2] [/SIZE][/FONT]
[FONT=Arial][SIZE=2]If that is the case please understand that the opportunity was given to you to handle this matter voluntarily. This is a serious matter and all necessary actions will be taken to ensure this debt is cleared. Remember time is of the essence, if you would like my assistance, please respond via telephone immediately. [/SIZE][/FONT]
[FONT=Arial][SIZE=2] [/SIZE][/FONT]
[FONT=Arial][SIZE=3]CALL OUR OFFICE WITH YOUR DEBIT OR CREDIT CARD TO RESOLVE THIS MATTER TODAY[/SIZE][/FONT]
[FONT=Arial][SIZE=3] [/SIZE][/FONT]
[FONT=Arial][SIZE=4][COLOR=maroon][COLOR=maroon]YOUR EMPLOYMENT HAS BEEN VERIFIED AT (714) 647-6123 [/COLOR][/COLOR][/SIZE][/FONT]
[FONT=Arial][SIZE=4][COLOR=maroon][COLOR=maroon] [/COLOR][/COLOR][/SIZE][/FONT]
[FONT=Arial][SIZE=4][COLOR=maroon][COLOR=maroon]***8/26/10 YOU REFUSED TO UPDATE HOME ADDRESS[/COLOR][/COLOR][/SIZE][/FONT]
[FONT=Arial][SIZE=4][COLOR=maroon][COLOR=maroon]***8/26/10 YOU REFUSED TO MAKE ARRANGEMENTS[/COLOR][/COLOR][/SIZE][/FONT]

PS --- You can pay your account today via Money Gram. Call 1-800-555-3133 for a Money Gram location near you, or search online at www.moneygram.com:

Receive Code: 4959
Pay To: LTS Management Services
Wilmington, Delaware
Acct #: 508170
[FONT=Times New Roman][SIZE=3]
[/SIZE][/FONT]
[FONT=Arial][SIZE=2] [/SIZE][/FONT]
[FONT=Arial][SIZE=2] [/SIZE][/FONT]
[FONT=Arial Rounded MT Bold][SIZE=3][COLOR=black][COLOR=black]Steve Hutchins[/COLOR][/COLOR][/SIZE][/FONT]
[FONT=Arial Rounded MT Bold][SIZE=3][COLOR=black][COLOR=black]Senior Account Manager[/COLOR][/COLOR][/SIZE][/FONT]
[FONT=Arial Rounded MT Bold][SIZE=3][COLOR=black][COLOR=black]The Loan Shop On-Line[/COLOR][/COLOR][/SIZE][/FONT][FONT=Arial Rounded MT Bold][SIZE=2][COLOR=black][COLOR=black]
[/COLOR][/COLOR][/SIZE][/FONT]
[FONT=Arial Rounded MT Bold][COLOR=black][COLOR=black]Phone: 1-888-265-5074 ext. 4289[/COLOR][/COLOR][/FONT]
[FONT=Arial Rounded MT Bold][SIZE=3][COLOR=black][COLOR=black]Fax: 1-800-383-3309[/COLOR][/COLOR][/SIZE][/FONT]
[FONT=Arial][SIZE=2][COLOR=black][COLOR=black][FONT=Arial][EMAIL="shutchins@loanshoponline.com"][FONT=Times New Roman][SIZE=3]shutchins@loanshoponline.com[/SIZE][/FONT][/EMAIL][/FONT][/COLOR][/COLOR][/SIZE][/FONT]
[FONT=Arial][SIZE=2][COLOR=black][COLOR=black] [/COLOR][/COLOR][/SIZE][/FONT]
[FONT=Times New Roman][SIZE=3][COLOR=black] [/COLOR][/SIZE][/FONT]
[FONT=Arial][SIZE=2][COLOR=black][COLOR=black] [/COLOR][/COLOR][/SIZE][/FONT]
[FONT=Times New Roman][SIZE=3][COLOR=black][COLOR=black][/COLOR][/COLOR][/SIZE][/FONT][FONT=Bookman Old Style][COLOR=black][COLOR=black][FONT=Bookman Old Style][/FONT][/COLOR][/COLOR][/FONT]
[FONT=Bookman Old Style][SIZE=3][COLOR=black][COLOR=black]PAYMENT OPTIONS AS FOLLOWS:[/COLOR][/COLOR][/SIZE][/FONT][COLOR=black][COLOR=black][/COLOR][/COLOR]
[FONT=Times New Roman][SIZE=3][COLOR=black] [/COLOR][/SIZE][/FONT][FONT=Bookman Old Style][COLOR=black][COLOR=black][FONT=Bookman Old Style][/FONT][/COLOR][/COLOR][/FONT]
[FONT=Times New Roman][SIZE=3][COLOR=black][COLOR=black][/COLOR][/COLOR][/SIZE][/FONT][FONT=Bookman Old Style][COLOR=black][COLOR=black][FONT=Bookman Old Style]Payment may be made via [FONT=Bookman Old Style]ACH[/FONT] or [FONT=Bookman Old Style]debit/credit card[/FONT] at no additional charge to you.[/FONT][/COLOR][/COLOR][/FONT][COLOR=black][COLOR=black][/COLOR][/COLOR]
[FONT=Times New Roman][SIZE=3][COLOR=black] [/COLOR][/SIZE][/FONT]
[FONT=Times New Roman][SIZE=2][COLOR=black]MoneyGram Information[/COLOR][/SIZE][/FONT]
[FONT=Times New Roman][SIZE=2][COLOR=black]Complete BLUE Express Payment form[/COLOR][/SIZE][/FONT]
[FONT=Times New Roman][SIZE=2][COLOR=black]Receive Code: [/COLOR][/SIZE][/FONT][SIZE=2][COLOR=red]4959[/COLOR][/SIZE][SIZE=2][COLOR=black]
Pay to:
[/COLOR][/SIZE][SIZE=2][COLOR=red]LTS Management[/COLOR][/SIZE][SIZE=2][COLOR=black]
City:
[/COLOR][/SIZE][SIZE=2][COLOR=red]Wilmington[/COLOR][/SIZE][SIZE=2][COLOR=red], DE[/COLOR][/SIZE][COLOR=black][COLOR=black][/COLOR][/COLOR]
[FONT=Times New Roman][SIZE=2][COLOR=black]Loan ID or Account number: [/COLOR][/SIZE][/FONT][SIZE=2][COLOR=red]Call me at 1-888-265-5074 ext 4289[/COLOR][/SIZE][COLOR=red][COLOR=red][/COLOR][/COLOR]
[FONT=Times New Roman][SIZE=2][COLOR=black]Please call reference number into the office immediately after making the MoneyGram payment.[/COLOR][/SIZE][/FONT][SIZE=2][COLOR=red][COLOR=red][/COLOR][/COLOR][/SIZE]
[FONT=Bookman Old Style][SIZE=3][COLOR=black][COLOR=black] [/COLOR][/COLOR][/SIZE][/FONT]


Submitted by on Thu, 08/26/2010 - 08:31

( Posts: 202330 | Credits: )


I have had to borrow from these pdl people and like all of them pay the whole loan off or you will end up paying more than you borrowed. Loanshop is the one I picked. Still owe but not as much. Here is there fax # if someone needs it. "1-800-853-7221" There phone is "1-800-757-0122" [EMAIL="customerservice@loanshoponline.com"]customerservice@loanshoponline.com[/EMAIL]

Loan Shop/Summit
2207 Concord Pike #505
Wilmington, DE. 19803

This is all the info I have on them


Submitted by on Sun, 10/17/2010 - 12:55

( Posts: 202330 | Credits: )


I need a copy of that sample letter as well. Once you have it, please post it to this site or tell me where I can find it. Thanks


Submitted by on Sun, 11/21/2010 - 15:51

( Posts: 202330 | Credits: )


You are the only person that I read who actually got it. People don't read. Fax or e-mail the form to pay it off and that's it.:D


Submitted by on Mon, 11/22/2010 - 08:59

( Posts: 202330 | Credits: )


I just got a loan with LoanShopOnline for $500, and I had 4 choices of how I wanted to do my repayment plan. I explained to them that I have a check coming to me the first week in January for over $6,000 but need help in the mean time...but the person I spoke with very clearly explained that there is a fee of $150 for doing the loan (yes it's steep, but I'm working on some credit repair issues right now and until that's resolved this was a last but necessary resort). Therefore when I get paid on 12/31 I will pay the $150 plus $50 of the loan, and on 1/15 I will pay the blanace in full. They did provide me with paperwork which I read very closely....hoping there won't be any problems; this is the first time I've ever done anything like this...does this sound like it's ok to anyone who's dealt with them (or others) before????? Thanks!!!!


Submitted by on Fri, 12/10/2010 - 07:27

( Posts: 202330 | Credits: )


ive been reading what everyones been posting n i have a loan i want to pay off so what is it that i email them or fax them to pay off my loan in full? if i do this it that going to be it or do i really need to cancel my bank account? :confused:


Submitted by on Fri, 01/28/2011 - 16:26

( Posts: 202330 | Credits: )


filing an AG complaint and telling them when they call to pi$$ off.pdl's are prohibited in NY and being as such you are only obligated to payback the 400.00.since they are illegal in NY anything debited in fees gets deducted from the 400.00 meaning not only do you not owe,but they owe you.file the complaint and ignore any attempts by them to try and get more $$$$ out of you.you owe them nothing.


Submitted by paulmergel on Fri, 04/29/2011 - 13:07

paulmergel

( Posts: 15514 | Credits: )


they are located in kansas city missouri not welmington delaware like they claim. you can contact them at [email]customerservice@loanshoponline.com[/email] or at 800-488-3401..also they have another co called extra cash live...same building same co...


Submitted by on Thu, 05/26/2011 - 00:18

( Posts: 202330 | Credits: )


I live in ny and also have 3 pdl.....is there anyway that I can just call my bank (CHASE) and have them put a "STOP PAYMENT" to these loans.....I borrowed $300 from the loan shop and have payed over $1200.....HELP


Submitted by on Thu, 05/26/2011 - 08:25

( Posts: 202330 | Credits: )


Regardless of where they are location, check your State's Financial Code in relation to deferred deposit transactions. In most cases, the entity MUST be licensed for such activity within YOUR state - unless, of course, such activity is expressly prohibited in the first place.

See also this thread --> http://www.debtconsolidationcare.com/forums/showthread.php?t=140835


Submitted by tcraw1010 on Thu, 05/26/2011 - 12:03

tcraw1010

( Posts: 47 | Credits: )


The loan shop are crooks !!!! I tooke out a loan for 500$ and ended up paying back double plus fees my last payment of 585 was over 80% fees!! I am on A fixed income nd it took me 4 mnths to pay them back DO NOT TAKE OUT ANY LOANS WITH THESE PEOPLE THEY ARE THE DEVIL!!!!!


Submitted by on Thu, 05/26/2011 - 19:44

( Posts: 202330 | Credits: )


I filed a claim with my bank in effort to recover the illegally levied fees LoanShop took from me over the last seven months - to the tune of $1460. The entire investigation takes about two weeks, so I'll have to update you all then .... but there is some form my bank is sending me and, when I return it, I intend to include all of the relevant State Financial Code violations (for MY state) as well as evidence that LoanShop (and/or ANY of it's dba's and/or affiliates) are NOT legally licensed to conduct deferred deposit transactions with consumers of my State.

In filing the claim, I also had to concede to the original $300 credit from LoanShop ... .but compared to the fees they charged me, deducting the original $300 from $1460 (if there is a chance I will get a refund of the balance) is a-okay by me.


Submitted by tcraw1010 on Sat, 05/28/2011 - 16:55

tcraw1010

( Posts: 47 | Credits: )


That sounds great keep us posted you give hope to others like me. I am in New Jersey and even though Loanshop has not come after me yet I have other ones trying to come after me and I am not feeling it. I have paid so much in illegal fees and had to reloan after paying the loan off and it is just crazy.


Submitted by danettere on Sun, 05/29/2011 - 14:17

danettere

( Posts: 281 | Credits: )


Well, a partial win at this point (it seems) . . . .

It seems as though LoanShop Online has given up insofar as trying to follow-up or bully me into giving them any more money to which they are not legally entitled ....

However, it seems that the claim I filed through my bank to try to recover the illegal fees that Loanshop Online levied upon me was denied - due to Loanshop providing "evidence" that I agreed to allow them to deduct the fees from my account (i.e. through the original "agreement").

I suppose I could file a complaint through my State Attorney General - but, ultimately, I'm not sure how far that will actually get me. While I am glad that I am no longer being raped of $90 every two weeks, I am sure that whomever runs "Loanshop Online" is laughing at the $1440 in fees they extracted from me over the last seven months.

Any thoughts ???

:neutral:


Submitted by tcraw1010 on Thu, 06/16/2011 - 13:05

tcraw1010

( Posts: 47 | Credits: )


I have had several loans with Loanshoponline and have not had any problems. Yes the fees are high but like they say if you pay it off right away you only have the one fee. Beware there is another company online that is called The Loan Shop online, they are NOT the same. The second is a rip-off! They should not be allowed to use a name so close to the other one. Anyway hope this helps someone.I know we all have problems at times and if your credit is bad like a lot of us with this "wonderful" economy, we need to do what we can to get by.:roll:


Submitted by Cthomas060306 on Sun, 10/09/2011 - 19:06

Cthomas060306

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They are the worst never have i met a company that is so rude and disgusting you have no manners. I will never use them and i wouldn't recommened them to my worst enemy. They will call you harass you leave you threatening meassages... They people who work there are pure evil....


Submitted by on Mon, 05/07/2012 - 10:04

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