info on payday-loan-yes............

I've never heard of that before, but it doesn't surprise me. :? Why were you asking for verification? Sorry, I can't remember your particular situation, my memory isn't the best. lol

thought it might help me get an address. they said they are not permitted to give that out.

That doesn't make sense, but I wouldn't put anything past these pdl's. :?

Quote:

yes, i have heard this, but they told me 65! i told them to hold on while i got mrs. tone :lol:

Here is that address. If you put the name in the search box above you can get almost any address you need.

Payday Loan Yes is also Cash Net 500, Global Payday, USA Cash Express . . . .

Global Payday Loan, LLC
PO Box 572037
Murray, UT 84157-2037
Telephone: (888) 227-4638 ext. 528
Payday-Loan-Yes.com

Payday-Loan-Yes
1609 N. Latrobe Ave.
Chicago, IL 60639
Telephone: (800) 550-6051
payday-loan-yes.com

This "can't give you our address" crap seems to be a common line with the PDLs. I assume it's because they don't want you mailing them payments; they want you to cave in and give them your new checking account information so they can clean you out.

The refusal to give out addresses has nothing to do with mailing payments. They do not want a class action lawsuit or other legal remedy served. Their refusal to give out an address is simply to avoid legal action.

I hace to agree with Amaranth. They dont usually want to give out addrtesses because they want your banking info. Its the same with all of the pdls.

the Utah address has a suite number(15A) tell them that, i bet they will sound especially surprised! :lol:

This company (Global Financial is a pain in the butt to deal with. they will harrass you, your references, & call you at work etc but if they owe you a refund (overpayment) they will not give it to you at all. The above addresses are correct. The last time I asked for my refund and my husband had a loan with them I told them to pay it off with my refund!. so far I have not heard from them at all (this was in Aug. of 2007).Hope they lost the information.!!

Kashzan, I respect your knowledge. You are entirely wrong about why pdls don't give out their address. I'm new here, but have read so much that is absolutely incorrect. FYI, if you want pdl yes to back off, tell them you are aware they are in DE. They are not in UT, sorry. They were previously a UT lender and had a staff stamping loans as originated in UT but they have always been in DE or PA.

C why would you say kash is wrong-kash stated that they go by different names and yes the different names of these companies have entirely different addresses in different states-that is how these PDL companies work. This company also calls and identifies themselves as First National leaves the number to call 800-550-6051, and when you call its Payday-Loan-Yes. They will not give out these addresses because they want you to setup payments by getting your bank account # again, and I do believe that these companies do not want to be recognized as they are doing illegal business practices-they might have addresses-but doesn't always mean they are located in an office-they are actually I think out of someones house. If they did they would be caught.

Their setup is actually quite intricate. Not at all out of somebody's house. For example, PDL yes is actually in a Delaware Call Center with a great deal of employees. They all use multiple URLs. An honest company would want to retain customers and remain called what it is. This is purely smoke and mirrors to avoid being caught. For example, the loans can be funded the same way and from the same bank account and appear to come from completely different payday lenders. PDLs understand that the average PDL is not looking for $300. Rather, they are looking for in excess of $1000. With the advent of lead generation companies and microsites to take and farm out applications, many pdls choose to fund multiple loans from the same client without the client even being aware of it. To scale infrastructure, 800#s are pointed to different areas that may be answered by what appears to be different people from different companies that are in fact sitting right next to one another. So, to answer your question of why PDLs hide their address, the gaining of a new bank account number from one client does not outweigh the fear of legal ramifications that cost in excess of $100,000 per occurrence.

And it is also important to keep in mind that the PDL owner himself usually lives nearby. Much as you and I go to work, so do they. If UT happened to have the friendliest license to attempt to export they would simply create an inexpensive office or use a virtual office type facility to answer regulators of the state in which they are licensed. In the case of USA PDL, Friendly Cash LLC, the license was in NM in a virtual office facility while the owner lives in Rittenhouse Square (Philadelphia neighborhood) and could easily commute to his Ace Check Cashing office in Levittown PA or his front for USA Payday Loan, Certified Call Center, 10 minutes away in Burlington NJ.

I was saying that I believe some, not all, and not saying PDL Yes works out of their house, or like you say a virtual office. My point was to say, kash was not wrong in explaining what was said.

kash is right in that is a reason, I just wanted to emphasize the core reason as it will help those in trouble understand how to address PDL companies. I want to educate the community as to exactly how PDLs work. Many PDLs are out of their house, but they are in fact lead generation companies and not lenders. The lenders are large. There are no exceptaions to that. Funding companies require cash reserves in excess of 3 days credits. Meaning, if a PDL lends $40,000 daily they have reserve balances in excess of 120k

jamesje your not the one that was under the name c correct?

mrthumper-I have an email address that was used to send paperwork to it is as follows: support(at)payday-loan-yes.com. I hope that might help.

I probably was. Not trying to be shady, just have not registered. I will do so to make communication easier to understand.

jamesje/c- By the way, both of those names are coming up as registered.

A member needed the address for payday loan yes and Kash gave it to them. Everyone here has different levels of knowledge and Kash was not materially incorrect.

Did Kash's statement about why PDL's wont give their address materially change the outcome of our member getting the address they needed? It did not.


Its very common here to bounce ideas and theories off of each other as we are a close support network and we are dealing with a lot.

Hi volleyballmom. I've read your posts for quite some time. Very well done. It appears you believe I am attacking Kash. That is far from the truth and I'm sorry if it comes off as such. I am new here and simply trying to help. There are misconceptions that are repeated from post to post. i have the ability to show you the workings of a PDL from a perspective this forum has not seen. I'm aware of what is put in front of you. PDL Yes is NOT in UT. They are in Delaware. They had a UT license and virtual office there that would stamp loans as originated in UT previously. I'll register and get a name. You'll find I'm on your side but there are some things this forum is dead wrong about.

james, if you are so knowlegable about PDLs why did you mention that you can not tell us why? Do you work for one. Are you looking for info. If you can educate us tell us where your education comes from.

Thank you.

We need all the help we can use here....and if you've got some info that can help us out, that is fantastic.

I think my main issue is that you told Kash they were "wrong" about why PDLs didnt want us to have the address...to many of us, that seemed to be the theory due to their scum-like tactics. I see some info here from time to time that may not be accurate, but as a solution, just post what you think is correct. :wink: Just my 2-cents...

If you have another address for PDL Yes, please do post it to help us all out here.

I'll let you decide my knowledge. If you would like to stop PDL Yes, revoke authorization from your bank, obviously. After that, contact Intercept EFT, the ACH processor they use, with the same revocation of authorization. Their site is intercepteft No financial institution will even initiate an ACH once this is done. Make a fuss with them and you will win.

I have another suggestion........tell the payday companies that you are going to contact your state attorney general office and their state attorney general office. I bet you will get an address then! :P :P

We always contact the ag office.

does anyone here had work with this company donw in alabama name PDL Assistance, Inc i check bbb no complains . can anyone tell me is any good legiment company .? gracias.. fabio

I've heard other people mention them before, but no one has posted their experience with them yet. They are a fairly new company . . . . It's a debt cons company that branched off to do payday loan consolidation too.