Payday Loans I am Trapped!!! HELP!!

Oh dear, I do know from reading other posts from other members that BOA is VERY difficult to deal with. Speak to the Branch Manager and tell them you want a HARD DEBIT BLOCK placed on your account asap! Tell them you are dealing with a possible stolen identity, perhaps that will make them act faster! After you have your account secured, you need to send letters to each and every one of your lenders and tell them you are revoking their right to debit your account, also tell them you are revoking any and all wage assignments you may or may not have signed. FIRST and formost, insist on having your account FROZEN so there will be NO more funds coming out. Tell BOA you have revoked ALL ach transactions in writing to these companies per the EFT Act (regulation E). They (BOA) MUST abide by this law!

I need to check on some of your lenders to see which are legal and which are not but I can tell you right now you have quite a few that are NOT legal, therefore, CLICK HERE to find out how to deal with illegal lenders.

Click the link below to read your payday loan laws.
http://www.paydayloaninfo.org/state_detail.cfm?id=FL
Florida requires internet based pdl's to be licensed by your state BUT, FL is known to have payday loan companies acting as CSO's (Credit Service Organizations). This means they do not need to be licensed, and are generally 100% legal in what they charge.

Ameriloan is not licensed anywhere in the U.S.
3531 P Street NW Miami, OK 74355
Phone 800-362-9090


Sagamore - ILLEGAL
18772873428 they are also know as B & B processing.
55 Frederick St
P.O. Box CB 13039
Nassau, Bahamas



Loan Shop ILLEGAL
E-Care/Sonic Payday/Cash Transfer Centers/Loan Shop/Northway Credit (these are all one company)
13696 104th Avenue
Surrey, BC Canada V3R 1V9
phone: 1-866-958-3278
fax: 1-866-809-4069
email: customercare(at)cashtransfercenters.com
Loan Shop
1-800-806-9971 Phone Number
1-800-488-3481 Fax Number

Thank you so much for your response. As I have stated I am not yet in default with any of these companies, and I can pay the loans back within 2 months, (If I could just get away from all the fees every time I get paid). I will go into the bank tomorrow. They were unable to help me via phone.

All that you are obligated to pay back the illegal ones is the principal amount you borrowed, I would not give them a dime more!

Please keep checking back for more information from others, they may be able to give you advice on how to deal with BOA. Also, if you type the names of the companies in the search box located in the upper right hand corner of this forum you can read what others say about them, find their addresses, and may even be able to find out if they are legal lenders or not.

Is the second lender you have listed actually called Geneva? If so, they are also illegal.
Geneva Roth Ventures Fax #
(913)825-1200 Ext. 225 - Main
(913)825-1208- Fax
Geneva Roth Ventures Inc
1923 Foxridge Dr
Kansas City, KS 66106
Local (913) 825-1200
GRC (Geneva Roth Corp)
1-800-351-8820 Phone Number

Cash Direct (GECC) - I believe they are also unlicensed/illegal.
This is for Cash Direct Express/GECC:
Tracy L. Callaway
(302) 737-0926 ext. 302
(302) 737-3873 - fax
tcallaway(at)geccloan.com
CashDirectExpress
Phone: 866-432-2562
Fax: 866-432-2736
Email: Info(at)CashDirectExpress.com

I beleive that USA Cash is a part of MTE which would also make them illegal but I am not 100% possitive, perhaps someone else could verify this.

Yes that is them...Geneva Roth

I also think that I Advance Steph is affiliated with Cash Advance Networks, if I am right then they aren't legal lenders either, but again I am not 100% possitive about that.
CASH ADVANCE NETWORKS is a part of MTE and not legal
Address: 101 N. VICTORY BOULEVARD, #G
BURBANK, CA 91502

I am uncertain about Smartcash, keep checking back perhaps someone else will know something about them.

I've neevr heard of Midlantic, I searched for it but came up with no results, are they a payday lender or installment loan outfit?

Question.... What if I cannot get bank of america to help me and freeze or close the account? I have 2 accounts with BOA. One I used only for payday loans, and is in my name only. The other account is mine and my husband. Can they get money from that account?? I have stopped my direct depoist. But I will get fees if BOA will not cooperate. Do I still send letters to the companies that I have way paid off my loan due to all there weekly fees, even though I have not yet defaulted?

A more experienced person can probably answer this better BUT I noticed in some contracts it says they have the right to debit any account you're connected with. However, I never used any of your lenders so that may not be the case with them. I would send a letter to every company

Well I have officially decided that BOA SUCKS!!! They will not put any holds on my account. I can close it but it will reopen as soon as the PDL compaines try to get their $$. Then I can close it again, only after I pay the fees that pile up!! I think you should be able to close an account with out having this problem. I really do not know what to do now.... Has any one else delt with BOA? What did you do?

I've had loans with Ameriloan and Genivia as well as others, two years ago. I had 6 loans and it got to the point all I could do was pay them every pay day, then go back and get a new loan to pay the bills and there was no way to stop the cycle. I couldn't pay most of my bills, such as credit cards.

I stopped paying the payday loans altogether. I didn't put any money in the Bank so they would bounce. Sometimes they would put it through 2-3 times. Then the bank closed my account.

I put myself on a budget, after the mortgage, elec, water, gas, groceries and credit cards, I determined what was left that I could start making payments to the Bank and payday loans.
Then when the payday loan company called me I set up monthly payments until they were paid in full. They asked why I couldn't pay it and I told them my roommate lost her job and I had to take on all the rent (was true). You can give any excuse such as illness. I also told them I had 4 payday loans and couldn't pay them much as they all wanted payments every month. I advised them how much I could pay them each month until they were paid. They tried to get more than I could give them, but I just stood firm in what I could pay per month. It took several months but they are all are paid back now. There was one I couldn't make any payments on until one of he others were paid off. So as soon as one was paid I called the the last one and made arrangements with them. One of them didn't even call me until just this month. The principle of the loan was 500.00 and they wanted to charge intrest and other fees which was over 1000.00. But if I paid w/i 30 days I only had to pay the principle. So after two yrs I have now paid the last one.

Since this time, I no longer write checks. I do have a bank account, I pay my bills online or with a money order. And I'm working on a better credit score.

This was a very scarry time and I had a lot of anxiety, was always worried about all of this. I don't know if payday loans report to the 3 credit companies but the bank and credit cards do. So they were my first priority.

If your credit allows you too. I'd recomend a personal loan, enough to pay off the payday loans. Or call each payday loan one by one and tell them due to loss of job (or something) you don't have the money to pay them the next pay date. They will tell you what will happen.

In my experience if you let the pay day loans bonce, then call them to say it bounced and ask what you can do to make montly payments to pay it off, they will work with you.
Since your bank keeps opening the account when they get an EFT they will keep charching you insufficient funds. And the pay day loan will keep putting them through but I know with Ameriloan when I called and explained that it bounced and that my roommate lost her job and I had to pay all the rent and bills and didn't have anything left over they worked with me and set up a monthly payment.

If your credit is being hurt by not being able to pay other bills, then it can't be hurt much more by taking all your money out of the bank and let them bounce, bounce, bounce.... Then work on paying the bank back and the payday loans one by one.

Just my opionon and what I did to get out and under these loans.

Cheryl from Iowa

Make sure you don't keep any money in your bank account, if you get your pay checks direct deposit. Stop that and get a paper check, you can take the check to the bank the check is written on to cash it. If employer doesn't allow paper checks then ask a family member (sister, etc) to allow you to deposit the check automaticly in their account and have them draw the money out for you to pay your most important bills (Mortgage, elec, water, credit cards).

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I am sorry to hear about your problem with BOA. I had to take copies of the state law showing that the online PDL was not legal. I also took copies of the letter I had mailed certified to the company to stop payment.

Had to put a stop payment on the company specifically, though they changed the withdrawal amount and their name several times. Finally, while at the branch had to speak with someone "higher up" about stopping the continued "attempt" to withdraw. They said they had just had another individual with the same problem with the same company.

At last the debits stopped and because I had put "stop payments" on BOA waived the fees specifically related to that debit. They were REALLY difficult to deal with. I had to open another account and when I deposited money into the "new account" they inadvertently withdrew whatever they wanted, with no notice to me...another long story..., to "pay off" the other account that had been "wrecked" by the PDL. OMG I do not wish BOA or online PDLs on ANYONE after that experience!!!

Good luck to you.

Thanks everyone for all your posts and stories. I did not give up and finally get someone at another BOA branch that would help me. She said since my account was in good standing, and had been for 5 plus years, she saw no reason not to help me, and closed the account, with a balance hold so nothing would make it re-open.

As of 6/24/09 I have not yet defaulted on the loans, this coming week when they try to take their money, they will not be able to. So I am waiting for the calls to start after that. I have contacted my references to let them know they may get calls, but I plan on answering my phone and dealing with these companies. Some of them, I have already paid 10X the amount of the loan, and I will not be sending them a dime more, only a C&D letter stating what I have paid to date, and that I am to be considered PAID IN FULL.

Some companies I will pay back, as in reality I do still owe them the principal loan amount, less what fees I have paid to date.

I will be sending C&D letters to all of them, I hope that will work for at least harrassing my references and work.

This site was a life saver of information, I know it will take time, but I have learned BIG LESSONS, and I will get through this. I feel like I am getting my life back in control.

Thank you!!

Should I email the C&D letters as well as USMAIL? What if a PO Box? How can I know it was received?

I got my first phone call today, it was from Ameriloan. They flat out refused to give me an address!! They told me they do not receive mail!! What?? I already have their address and am sending my C&D letters today. I do not owe them anything, they have taken all their money already, I just wonder if they really will stop calling????

If it were me I would simply tell them, no address, no payments.

BofA is the absolute worst to deal with. Before I went to BofA to deal with my pdl's I was fortunate enough to read some posts on this forum about difficulties closing bank accounts so I was forced to be dishonest and tell them my wallet was stolen with my checkbook and debit cards. I immediately went to another bank and opened an account and re-directed by Direct Deposit. You need to protect your interests.

Update: 7/3/09 PDL's have started to contact me for non payment. Some of them have been really pretty okay to deal with. (I have a good story) :) :) :) and once I have asked them for Licence and copies of my debt, they are dumbfounded!! So we will see what happens with those.... and it is working for most of them. However, it is not working for GECC. They have sent me to Alliance Asset Management. This place is a JOKE!!! I just laugh at them, they call 6+ times a day, I answer my phone every time, listen to the same speech that they read from a computer screen. How silly. The 12th time they called this person told me I will go to jail. Well I put 2 reports to the FTC, and I am sending not only GECC a letter but also AAM. Has anyone seen the calls stop from AAM after you send a letter?

(I fogot to log in, this post is from me...) Update: 7/3/09 PDL's have started to contact me for non payment. Some of them have been really pretty okay to deal with. (I have a good story) :D and once I have asked them for Licence and copies of my debt, they are dumbfounded!! So we will see what happens with those.... and it is working for most of them. However, it is not working for GECC. They have sent me to Alliance Asset Management. This place is a JOKE!!! I just laugh at them, they call 6+ times a day, I answer my phone every time, listen to the same speech that they read from a computer screen. How silly. The 12th time they called this person told me I will go to jail. Well I put 2 reports to the FTC, and I am sending not only GECC a letter but also AAM. Has anyone seen the calls stop from AAM after you send a letter?

i also would file AG complaints againsy AAM.they are a bottomfeeder that collects for GECC.both are not licensed in my home state of IL,and went away quick when i filed the AG complaints.do that on topofthe FTC complaint as itwill take alot of complaints to precipitate action.as opposed to the AG who will investigate sooner.

Thanks for the advise. Where would I get the AG info? I live in Florida and not sure where AAM is yet, I am waiting for a letter they told me they sent.

Also I have very detailed bank records that I have paid GECC $2154 on a $700 loan. Should I include copies of this information If I have to send another C&D letter?

Thanks again!

Here's a link to file a complaint with the FL Attorney General.
http://myfloridalegal.com/pages.nsf/4492d797dc0bd92f85256cb80055fb97/030e31f06ef0184d85256cc600706904!OpenDocument

Date: 7/6/09

Alliance Assett Management

Okay, so these people are still calling me. I have sent C&D letters, faxes to not only GECC, but also AAM. I have filed complaints to the FTC, FL AG, and the BBB. Why do they still call??? So far 3 times since 9am. I have answered the phone every time. They are telling me I am "STUPID" and that I have not done any of the things I have stated above. I will go to jail If I do not pay this debt. I paid GECC over 2100 dollars. I am standing firm, I know the laws of my state and have armed myslef with everythig I can, thanks to this site and everyone on it. Is there anything else I can do? I have to answer my phone, as I work from home, so changing my number and not answering the phone is not an option. Any other suggestions to get AAM off my back? I am actually surprised, the other companies have left me alone, and I had PDL's with 6 companies, GECC, AAM is the only one harrassing me. Thanks!!!

I did receive this email from GECC, which has sent me to AAM for collections. I sent GECC, Faxes, and letters and emails. This is what I got back today...

Dear XX XX,

Thank you for your recent inquiry.

I???d first like to say that Cash Direct Express takes all consumer complaints very seriously and it is our intention to work with you to resolve this matter.

This email is being sent to confirm receipt of your correspondence. Please note, our records indicate your correspondence was received on 7/6/09.

Your correspondence has been forwarded appropriately and is currently being reviewed for the best resolution possible. Please allow 7 to 10 business days for investigation purposes. Also, please keep in mind that our office hours are Monday through Friday from 8:30AM to 5:00PM ET. If you should have any questions or concerns prior to receiving our response please feel free to contact me using the information provided below.


Thank you,

Tracy Watson

Tracy Watson

Cash Direct Express

Customer Relations Supervisor

1 (866) 432-2562 x302 (v)

1 (866) 432-2736 (f)

[email]twatson@geccloan.com[/email]

We will see what happens now...