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I cant handle paying these pdl anymore

Date: Sun, 10/07/2007 - 09:05

Submitted by angieblue89
on Sun, 10/07/2007 - 09:05

Posts: 25 Credits: [Donate]

Total Replies: 73


Hi everyone. My name is Angie and I live in Ohio. I have 3 internet payday loans. One is with American Consumer Credit,LLc. The principal is $300. I have paid them $502.50 so far. One is with BestPayday Loan.com. The principal is $350. I have paid them $446.21 so far. My third one is with Paycheck Today. The principal is $400. I have paid them $480.00 so far. I can't handle paying these anymore. They are taking too much of my paycheck. Can anyone help????? I would appreciate it so much.


Angieblue. It looks like you have overpaid all of your pdls and that rollovers are not permitted in your state. Since the companies have probably used the rollover method then you should only be liable for the principal plus $15 per $100 of what you borrowed. This is what I get:

American Consumer Credit: Should have paid $345
(overpaid $157.50)

Best paydayloan: Should have paid $397.50
(overpaid $48.71)

paycheck today: Should have paid $460.00
(overpaid $20.00)

Does anyone else get the same thing or am I interpreting the laws incorrectly???

You might want to consider closing your checking account, but please read the sticky regarding closing accounts.


lrhall41

Submitted by eleroo on Sun, 10/07/2007 - 10:28

( Posts: 1220 | Credits: )


So when I look at the law I would interpret it to say that you have over paid all of these.
File a complaint with the Ohio attorney generals office, probably can be done online. If you hang out long enough, we have people from ohio on this forum who have been through this and can better explain the law to you.


lrhall41

Submitted by fedupinpa on Sun, 10/07/2007 - 10:34

( Posts: 1511 | Credits: )


eleroo, My math was roughly about the same, but didn't want to put it down in my last post. I am not sure what to say about the bank account in Ohio, here in Pa, I closed mine to get them to quit debiting and get my life back under control. There are some folks from Ohio on here that will hopefully come along and help out.


lrhall41

Submitted by fedupinpa on Sun, 10/07/2007 - 10:36

( Posts: 1511 | Credits: )


I closed my checking account this past Friday...but it seems American Consumer Credit debited my account at about the same time..therefore it looks like my account has reopened. I did talk to a financial rep. at the bank earlier last week and was told this could possibly happen. I told them I do not want the item paid but she said I will still be responsible for an overdraft charge.
If I have in fact overpaid on my payday loans, exactly how do I complain about it and to whom?


lrhall41

Submitted by angieblue89 on Sun, 10/07/2007 - 17:53

( Posts: 25 | Credits: )


angie, there are several things you need to do. First of all, if the bank will not close the account or if it will continue to be forced open, have them place a hard debit block on the account so no debits can go through. If you have direct deposit get with your payroll and be sure it is stopped or moved to another account. When you open a new account open it at a new bank if possible, if this is not possible, be sure you get in writing from the bank that the two accounts in no way will be linked..for example, they will not take money from the new to pay the old. You are going to need to do a letter to the pdl's revoking any and all wage assingments you may have signed. If you need help with this pm me and I will sned you a letter. (PM is private message. You go to the bottom of my post and click on the pm button and you can send me a message) You need to be sure to give a copy of this to your payroll person as well just in case. I also gave a copy to the bank becuase my letter was all inclusive ( meaning that I told them they were illgeal, enclosed my state laws, how they were to contact me, I overpaid and they needed to give me a refund and revoking any wage assignment on any account.) Once I explained to the bank that these companies were fraudulantly debiting my account, they were very helpful. You can file complaints with the Better Business Bureau (www.bbb.org) and with your state regulating agency which is
http://www.com.state.oh.us/dfi/ccnondep.htm
The directions on how to file a complaint are on there. This is alot to take in at first but there are many people here who will help guide you through this. If you have any questions, please post them and we will answer them as quickly as possible.


lrhall41

Submitted by RoxyNY on Sun, 10/07/2007 - 18:22

( Posts: 4178 | Credits: )


angie, listen to roxy. At least ONE of your pdls is not licensed/legal - Paycheck Today. Your state law prohibits rollovers, which is what these pdls are charging you. As roxy stated, you get back to your bank and tell them since the account has been forced back open due to pdl debits, you need to put a HARD DEBIT BLOCK on it. If they will not remove the NSF fee, whatever, just get it back to zero balance and put a HARD DEBIT BLOCK ON IT. Let it sit for a little bit, making sure nothing hits hit again, then close it totally. Go to a different bank and open a new account. Get your bank account straighted out NOW. This is the priority. Then you can start sending out letters to these pdls revoking everything under the sun. roxy has posted that you can pm her and she can help you with this, or I can, whichever. Doesn't matter. You actually have overpaid all three pdls. You are actually due refunds. Will you get them? Probably not. However, you need to get a PIF from them. We can do this with the letters. In the meantime, you need to file complaints with the BBB, the FTC, and your state AG now. Get your bank account straight NOW. Get that done first. Then we can proceed. Make sure your money is safe, the pdls can no longer get any money, and we can proceed. If you have any questions or problems with this, just post. :D


lrhall41

Submitted by cannr on Sun, 10/07/2007 - 19:05

( Posts: 9317 | Credits: )


Angie, Cannr is really knowledgable about this so she will help us. To update so we are all on the same page. Angie, I got your pm and sent you a letter to go by. If you have any questions, ask. Good job with the bank account, Cannr, she opened a new account already and moved her direct deposit. So angie, cry, beg, plead whatever you have to either close the account completely or get a hard debit block.

Cannr, I checked the license data base and none of her companies came up as being licensed. In her state do they have to be licensed in OH or is OH one of those that uses the "licensed in any state" clause. I was not sure but checked OH so I atleast I knew if they were licensed there.

Angie, if you have any questions so far you can pm either one of us or post them here. Roxy


lrhall41

Submitted by RoxyNY on Sun, 10/07/2007 - 19:12

( Posts: 4178 | Credits: )


I don't see anything regarding Ohio to be one of the "funky" states. Seeing as how you've checked Ohio and they are not there (not surprising), I'm going to assume not licensed. I do know for a fact that Paycheck Today is a d/b/a of MTE Finanacial :evil: if that gives you any clue!


lrhall41

Submitted by cannr on Sun, 10/07/2007 - 19:18

( Posts: 9317 | Credits: )


angie, get that bank account taken care of. I'm glad you've got another account; however, get this old one closed. This way they can't keep trying to hit it and your bank keep adding on fees. It'll get out of control FAST. You need to get there and do whatever it takes to close it out completely. Or at the VERY least, put a hard debit block on it so that the fees won't be charged either. I don't care if you have to fall to your knees pleading and begging and crying. Hell, it's worked before. But don't let them keep it open and keep adding their fees to it. You'll end up paying them more than the stupid pdls.


lrhall41

Submitted by cannr on Sun, 10/07/2007 - 19:32

( Posts: 9317 | Credits: )


Angie, I pm'd you the letter. You can ckeck your private messages on the right side of this page. You have to be logged in. You should see a box on the right side of the page toward the top and in the box is chat. Under chat you will see - You have (a number or no) messages. Click on that and you can retrieve your messages and write new ones. If you have trouble let me know. Roxy


lrhall41

Submitted by RoxyNY on Mon, 10/08/2007 - 05:15

( Posts: 4178 | Credits: )


What's wrong? Are the pm's not going through? Should I try a "test pm"??? :shock:


lrhall41

Submitted by cannr on Mon, 10/08/2007 - 20:03

( Posts: 9317 | Credits: )


I'm sending a "test pm" using the pm button under her post now. :wink:


lrhall41

Submitted by cannr on Mon, 10/08/2007 - 20:21

( Posts: 9317 | Credits: )


Yes. My pm is still in my outbox to her. Email Mike at mike(at)debtconsolidationcare.com. Mike can fix it. Mike can fix anything! :D


lrhall41

Submitted by cannr on Tue, 10/09/2007 - 05:02

( Posts: 9317 | Credits: )


Cannr, just so you know, cause i had the same problem.On this system a message stays in your out box until it is read by the person. Only then does it move to your sent box. Its a crazy system, but for some reason thats how this one works. I thought all my stuff was stuck in my out box until Mike explained it.
Hope this helps
kash


lrhall41

Submitted by kashzan on Tue, 10/09/2007 - 05:06

( Posts: 5401 | Credits: )


Hello All,

Just wanted to see if you could help me as well. It looks like a great thing you are doing here. I have a pdl with payday ok and payday select. Are both of these legal in ohio? I too am on the never ending cycle of pdl debt and need to get out! I have rolled both over several times and want to see if this is legal in Ohio. Thank you.


lrhall41

Submitted by on Tue, 10/09/2007 - 15:36

( Posts: | Credits: )


Just thought I'd give you guys an update...I went to the bank today and had a debit block put on my account. The financial rep actually suggested it right as I began to talk about it. Hopefully that works and nothing else comes through. Now I'm ready for the next step. By the way I e-mailed Mike about the problem getting my messages but I haven't heard back from him yet.


lrhall41

Submitted by angieblue89 on Tue, 10/09/2007 - 17:19

( Posts: 25 | Credits: )


Angie, good news about the bank. I am glad they worked with you. Now.,,since we are having pm issues, you need to do a short letter to the pdl's revoking wage assingments...Simply type the date, company name and address, I am revoking any wage assingment I may have signed., Sign it and put your name and ssn underneath. Mail them certified return receipt and you can also fax and/or e-mail them. I did all three. Be sure to give a copy to your payroll department too just in case. Roxy


lrhall41

Submitted by RoxyNY on Wed, 10/10/2007 - 06:17

( Posts: 4178 | Credits: )


Mike did e-mail me back about the pm issue. He said I am registered with 2 different email addresses. I told him which one I want used and he said he would fix it...maybe you could try to pm something to me to see if I get it. I faxed a short note to 2 of my pdl's today telling them I no longer give them permission to withdraw funds from my account. (I already faxed one last week on my third one) Now, I will send the letter revoking any wage assignment I may have signed.


lrhall41

Submitted by angieblue89 on Wed, 10/10/2007 - 16:18

( Posts: 25 | Credits: )


angie, listen to roxy! Do not take their calls! No! Only communicate with them via email or USPS. You want everything in writing. With telephone calls, you have no documentation. You want documentation of everything. Everything. As roxy stated, when they call, do not take them; however, send an email stating to not contact you via telephone and only contact you via email or USPS. Do this as many times as necessary. Eventually they will catch on that they're not going to get you on the phone and will resort to email.


lrhall41

Submitted by cannr on Wed, 10/10/2007 - 18:10

( Posts: 9317 | Credits: )


okay..I just figure sooner or later I'm going to have to talk to them...and I know they will call. I just got an email from American Consumer Credit. They said since they my payment came back returned today, they are going to debit my account again tomorrow, "as a service to me" I thought of replying to their email and telling them I don't plan on paying anymore money since I've overpaid. Is that what I should do? Also, I just noticed that they have a clause on their website that says "all aspects and transactions are deemed to have taken place in Delaware, regardless of where you are accessing this site" So does that mean they're saying I have to go by Delaware law even though I'm in Ohio?


lrhall41

Submitted by angieblue89 on Wed, 10/10/2007 - 18:26

( Posts: 25 | Credits: )


Cannr - remember she does not have our letter. We have been having her do things in pieces becuase we can not pm her.... So I will bet we did not tell her about the whole phone call cease and desist.

Angie, did the letters you wrote have the no telephone contact only contact in writing in them?


lrhall41

Submitted by RoxyNY on Wed, 10/10/2007 - 18:29

( Posts: 4178 | Credits: )


angie, stick to your guns! No, you follow your state law. I don't give a crap about Delaware. Good God, every pdl in the world seems to be in Delaware. They drive me insane! If you have already overpaid this loan, by all means, send them an email. Tell them AGAIN (you may have to do this 100 times) the same thing you have already told them. They are not authorized to debit your account, you revoke any authorization, you reside in Ohio, not Delaware, and post your state law again. Tell them the amount overpaid and tell them you want a refund. Let them stick that in their pipe and smoke it.


lrhall41

Submitted by cannr on Wed, 10/10/2007 - 18:29

( Posts: 9317 | Credits: )


That's okay, angie. If you respond to their email, tell them to only contact you via email or USPS. You don't want to speak to them via telephone. Believe me. You want documenation of everything. So, if you respond to the email, just put that in there. Make sure they notice it. And if they keep calling, don't take the calls. Just send yet another email stating to only contact you via email or USPS. They'll get the drift eventually.


lrhall41

Submitted by cannr on Wed, 10/10/2007 - 18:35

( Posts: 9317 | Credits: )


angie, send me a pm. Try it and see if I get it. Put your email address in it. I'll see if I get it. Don't post your email on the board.


lrhall41

Submitted by cannr on Wed, 10/10/2007 - 18:42

( Posts: 9317 | Credits: )


I have no message yet. You're getting her pm's though? She's just not getting ours? Have her send you her email address if you're getting pm's from her. Make sense? I'm showing nothing yet.....


lrhall41

Submitted by cannr on Wed, 10/10/2007 - 18:51

( Posts: 9317 | Credits: )


Okay, you're ahead of me now! Quit it! :lol: So, I just got her pm with her email address. However, I'm assuming princess, I mean, roxy, already emailed "the letter"??? Man, you guys are too fast for me!


lrhall41

Submitted by cannr on Wed, 10/10/2007 - 19:06

( Posts: 9317 | Credits: )


I bow down to the princess. Sorry, but goudah has already been queen to me, so you're stuck with princess! :wink:


lrhall41

Submitted by cannr on Wed, 10/10/2007 - 19:27

( Posts: 9317 | Credits: )


Angie, it depends on the company and which day of the week it is. Some have been better to deal with than others and some members have had better luck with companies than others. The most important thing is to have the documentation so you can file with the bbb and state regualting agency. I started with nine in the beginning of August and am down to 6. Which I think is good because I have several that are really difficult. However, my phone calls have significant slowed over the past two weeks. My whole goal was to get them not to call me..and when they do I send an e-mail.


lrhall41

Submitted by RoxyNY on Thu, 10/11/2007 - 03:23

( Posts: 4178 | Credits: )


It's pretty effective with the pdls that know they've been "called out" regarding their illegal ways. Some are pretty easy to deal with. Others are going to claim your confused and your letter is filled with wrong information. This is not true. It totally depends on the pdl. Honestly. Some of them will really work with you once they know you're aware of the law, etc. Others are just so totally illegal they really don't care and will continue using illegal tactics. Not trying to scare you here! Just to let you know that some pdls are okay and others are ruthless. But we know you're up for it! If you have any problems with any of them, come here and post, get advice/ideas, then go back and respond to the pdl. That's what's good about communicating via email with these people. They can email you, you can come here and let us know what's going on, we can help you, you can then go back and respond to them. Works out great!


lrhall41

Submitted by cannr on Thu, 10/11/2007 - 04:07

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