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

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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.




Luse this is not the Loan Shop. This is a PDL forum helping people our of the PDL cycle.

Sub: #41 posted on Mon, 07/27/2009 - 12:01

Cool_Abyss Cool_Abyss
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(Posts: 2936 | Credits: )

I just had a very, very bad experience with them. They all had attitudes. Customers service was awful, i never raised my voice one of the rep was yelling at me. I am contacting the BBB right now. They need to be taken off the site no one needs to deal with them. They would not tell me who to contact for a complaint. It was awful i've never dealt with any business like that in my life. Bad, Bad customer service

Sub: #42 posted on Fri, 08/14/2009 - 12:27

Unregistered


First of all...let me tell you all, that Payday loans are not the way to go. If you absolutely have too, then I guess that is the route you choose, it would be so much better to try and lend money from a friend or family member than to pay back the loan plus a ton of interest.

I have a friend that is employed with LSO...in order for them to process the amount of the loan you have to have your income verified. However, once you are given a loan amount they base the rates of "fees/interest" on the amount YOU make and how often you get paid. Generally it is 15% a week.

If you absolutely have to get a loan with them it is better to pay them off all at once on your first pay back due date. Sometimes they will cut the 'loan fee' in half.

Their main office is in Delaware.

Good Luck!

Sub: #43 posted on Wed, 08/19/2009 - 15:06

Unregistered


I'm glad some have had good luck with these people BUT: What if you NEVER had a PDL with them and they suddenly email you saying that you do and are in default? Trust me, they got a good piece of my mind.

They might be easy to deal with, but if you're paying them MORE than you have to, they are probably not exactly on the up and up.

Borrower Be Aware.

Sub: #44 posted on Thu, 09/24/2009 - 05:58

Unregistered


Quote:
Originally Posted by Anonymous
First of all...let me tell you all, that Payday loans are not the way to go. If you absolutely have too, then I guess that is the route you choose, it would be so much better to try and lend money from a friend or family member than to pay back the loan plus a ton of interest.

I have a friend that is employed with LSO...in order for them to process the amount of the loan you have to have your income verified. However, once you are given a loan amount they base the rates of "fees/interest" on the amount YOU make and how often you get paid. Generally it is 15% a week.

If you absolutely have to get a loan with them it is better to pay them off all at once on your first pay back due date. Sometimes they will cut the 'loan fee' in half.

Their main office is in Delaware.

Good Luck!


They are ILLEGAL in most if not all states. Just remember that. I do not view them as a PDL, I view them more as loan sharks.

Sub: #45 posted on Thu, 09/24/2009 - 08:20

mobrienjr mobrienjr

(Posts: 7 | Credits: )

I've had two loans with these folks and never had a problem with extensions or payoffs. They have never taken any monies out of my account that they were not entitled to. Except for the exorbitant fee of $300 for processing, they seem to be ok. I have always wondered, though, if there is some federal restricton on processing fees just as there is on interest charged.

Sub: #46 posted on Thu, 11/05/2009 - 12:56

Unregistered


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.

Sub: #47 posted on Mon, 01/04/2010 - 10:27

Unregistered


I would just like to know what happened to the loanshoponline website to access to pay it off. I cannot locate anything except for the privacy statement. Please help. Thank you.

Sub: #48 posted on Fri, 01/08/2010 - 10:20

Unregistered


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!!!

Sub: #49 posted on Wed, 01/20/2010 - 08:11

D. Haith D. Haith

(Posts: 1 | Credits: )

[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]

Sub: #50 posted on Wed, 01/20/2010 - 09:16

OhioGal1 OhioGal1
Moderators Cum Industry Expert
(Posts: 5253 | Credits: )

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