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Dealing With Unlicensed Payday Lenders

Date: Tue, 02/03/2009 - 11:21
Submitted by Shazzers on Tue, 02/03/2009 - 11:21
Posts: 17344
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Updated on July 14, 2010: At the bottom of this post is a newer version of a letter template which you may or may not want to use, make sure you use your own words, this is only a sample.

If everyone will just give a link to this thread to the new members who come here for guidance it may be more helpful and less work for the experienced members who are researching information. I wrote this awhile back and am most happy to share it. THANKS!

You are only obligated to pay back the principal amount you borrowed from an unlicensed/illegal Internet Payday Lender.

What should you do?
Close your account asap, if you are unable to close your account, go into your bank and ask to speak with the Branch Manager, tell him/her you need a hard debit block placed on your account immediately! Explain that you are revoking ACH authorizations from unlicensed/illegal companies, and have learned these companies are notorious for ignoring revocation, therefore it is important to BLOCK any withdrawal attempts on your account to protect your interest. This is your privilege, do not accept no for an answer. The following link will provide you important information regarding closing accounts. CLICK HERE
What next?
AFTER your account is secure send each pdl (the unlicensed and illegal) an email similar to THIS (please scroll down to locate letter template). Tailor this letter to your needs, and try to write it with the same basic concept in your own words. You will need to research and locate email addresses/physical addresses if you don't already have them, I suggest that you type the name of the pdl (example: "oneclickcash address") in the search box in the upper right hand corner of this forum. You may also search for addresses HERE at the Better Business Bureau.
File complaints: Most of the time, you can file a complaint online with the following, I encourage you to follow through with doing so, you will need to search the Internet for your state Attorney General's website, however, here are links to file complaints for the FTC, Online complaints: Federal Trade Commission., and the BETTER BUSINESS BUREAU.
Keep in mind that you may not receive a response for days, or even weeks, or, you may receive harassing and threatening phone calls. I have found the best way to deal with this is not to respond or reply, simply hang up.
Side note: If you have paid an illegal/unlicensed payday lender above and beyond the principal amount you borrowed, it might be a good idea to demand a refund and a paid in full letter/receipt. You may or may not get one or both. It still doesn't hurt to include that tidbit in your letter. :)
[QUOTE]
Date:

Name Of PDL

Your Name
City, State
Account #

This letter is to inform you that I am aware of the FACT that the loan you issued to me, is NOT legal or binding in my state. For your convenience, I have included my state payday loan laws below.

(Insert Your State payday loan laws here)

(Insert either (a) OR (b) which ever statements below which applies to you)

(a) The state of (insert your state) prohibits payday loans, therefore, I am bound by the state laws where I reside. As I have no presence in your state or country (only insert one choice, state or country, depending on your situation.), therefore I have no legal obligation to the 'governing laws' you may have detailed.
OR
(b) The state of (insert your state) requires Internet payday lenders to be licensed in MY state. I have already researched this information, your company does NOT have a license to lend in the state of ___________, if I am mistaken I will need proof in the form of a license number so that I may verify it with my Attorney General. I am bound by the state laws where I reside. As I have no presence in your state or country (only insert one choice, state or country, depending on your situation.), therefore I have no legal obligation to the 'governing laws' you may have detailed.


Be advised that as of today (insert todays date) I am revoking ANY and ALL ACH authorizations with your company from debiting any AND all of my personal accounts, per Federal law, Regulation E Section 205.10 Preauthorized transfers. I also revoke ANY and ALL wage assignments I may have signed, by you, including but not limited to; any of your affiliates, dba's, and collection agencies assigned to this account. None of the above no longer have my permission to access my accounts or impose a wage assignment.


I will only communicate to resolve this matter via email. If you ignore this notice and attempt to contact me or any of my references via telephone, you will be ignored and any payments owed will be delayed. I am willing to pay the principle amount of the loan only, however, no address means NO payments, this is not negotiable.

If you do NOT reply to this notice within 48 hours I will be forced to file complaints with my Attorney General (insert name of your attorney general), the BBB and the Federal Trade Commission. If you reply to this notice with any misleading legal implications or menacing course of actions you are unable to follow through with, I will be forced to take actions against you which could cause you to lose your license in the state of (insert the state they are licensed in) < (only use this statement if the illegal lender is licensed to lend in a state other than yours) and cause damage to your reputation, which could potentially decrease your clientele!



Sincerely,

Your Name[/QUOTE]


what is pa laws


Submitted by on Mon, 10/25/2010 - 08:04

( Posts: 202330 | Credits: )


We sent this sample letter (with our information) to one of our payday loan companies and this is how they responded:

I appreciate you getting in contact with me. At this time because of your threat to not pay Nationwide Cash, Inc the loan you owe i will proceed with action. Please be advised we are bonded by federal law which supersedes your state law. Once you look up this information you can feel free to get in contact with me. Nationwide Cash, Inc is not located in Delaware. Our headquarters is in the Grenadines. I look forward to your call. Your loan will default if no payment arrangement is created.

How do you suggest we respond?


Submitted by on Thu, 10/28/2010 - 08:37

( Posts: 202330 | Credits: )


We sent an email to one of our PDL companies when we found out they are not licensed. We sent the form letter from here letting them know that we we not pay any more to them as we have paid well over the amount. Below is their response. What should we do now?

I appreciate you getting in contact with me. At this time because of your threat to not pay Nationwide Cash, Inc the loan you owe i will proceed with action. Please be advised we are bonded by federal law which supersedes your state law. Once you look up this information you can feel free to get in contact with me. Nationwide Cash, Inc is not located in Delaware. Our headquarters is in the Grenadines. I look forward to your call. Your loan will default if no payment arrangement is created.


Submitted by on Thu, 10/28/2010 - 08:40

( Posts: 202330 | Credits: )


[QUOTE=Anonymous;763804]We sent an email to one of our PDL companies when we found out they are not licensed. We sent the form letter from here letting them know that we we not pay any more to them as we have paid well over the amount. Below is their response. What should we do now?
I appreciate you getting in contact with me. At this time because of your threat to not pay Nationwide Cash, Inc the loan you owe i will proceed with action. Please be advised we are bonded by federal law which supersedes your state law. Once you look up this information you can feel free to get in contact with me. Nationwide Cash, Inc is not located in Delaware. Our headquarters is in the Grenadines. I look forward to your call. Your loan will default if no payment arrangement is created.
[/QUOTE]
I would tell them to come get me.:mad:


Submitted by Shazzers on Thu, 10/28/2010 - 13:51

Shazzers

( Posts: 17344 | Credits: )


[QUOTE=Shazzers;393470]Updated on July 14, 2010: At the bottom of this post is a newer version of a letter template which you may or may not want to use, make sure you use your own words, this is only a sample.
If everyone will just give a link to this thread to the new members who come here for guidance it may be more helpful and less work for the experienced members who are researching information. I wrote this awhile back and am most happy to share it. THANKS!
You are only obligated to pay back the principal amount you borrowed from an unlicensed/illegal Internet Payday Lender.

What should you do?
Close your account asap, if you are unable to close your account, go into your bank and ask to speak with the Branch Manager, tell him/her you need a hard debit block placed on your account immediately! Explain that you are revoking ACH authorizations from unlicensed/illegal companies, and have learned these companies are notorious for ignoring revocation, therefore it is important to BLOCK any withdrawal attempts on your account to protect your interest. This is your privilege, do not accept no for an answer. The following link will provide you important information regarding closing accounts. CLICK HERE
What next?
AFTER your account is secure send each pdl (the unlicensed and illegal) an email similar to THIS (please scroll down to locate letter template). Tailor this letter to your needs, and try to write it with the same basic concept in your own words. You will need to research and locate email addresses/physical addresses if you don't already have them, I suggest that you type the name of the pdl (example: "oneclickcash address") in the search box in the upper right hand corner of this forum. You may also search for addresses HERE at the Better Business Bureau.
File complaints: Most of the time, you can file a complaint online with the following, I encourage you to follow through with doing so, you will need to search the Internet for your state Attorney General's website, however, here are links to file complaints for the FTC, Online complaints: Federal Trade Commission., and the BETTER BUSINESS BUREAU.
Keep in mind that you may not receive a response for days, or even weeks, or, you may receive harassing and threatening phone calls. I have found the best way to deal with this is not to respond or reply, simply hang up.
Side note: If you have paid an illegal/unlicensed payday lender above and beyond the principal amount you borrowed, it might be a good idea to demand a refund and a paid in full letter/receipt. You may or may not get one or both. It still doesn't hurt to include that tidbit in your letter. :)[/QUOTE]


I'm a California resident.... Question--what if a payday lender is not only unlicensed in California, but also has a Cease & Desist order against them by the Calif. Dept of Corporations?


Submitted by on Thu, 10/28/2010 - 16:20

( Posts: 202330 | Credits: )


I live in pennsylvania and i have taken out 4 payday loans. I cant afford to pay all them at once anymore. Please help
US [URL="http://www.debtconsolidationcare.com/settlement/thread88395.html#"]Fast Cash[/URL] $400.00 paid back $480.00
One Click Cash $400.00 paid back $650.00
CMG Group LLC $250.00 paid back $850.00 (yep thats the correct amount paid back, evertime i email them to [URL="http://www.debtconsolidationcare.com/settlement/thread88395.html#"]pay off[/URL] the loan they hang up on me.)
SGQ LTD $200.00 Paid back $480.00
Please help, I dont want to close my bank account. Do you think my bank will help me from stopping them from withdrawing money?


Submitted by hjab_81 on Fri, 10/29/2010 - 18:33

hjab_81

( Posts: | Credits: )


[QUOTE=hjab_81;764415]I live in pennsylvania and i have taken out 4 payday loans. I cant afford to pay all them at once anymore. Please help
US [URL="http://www.debtconsolidationcare.com/settlement/thread88395.html#"]Fast Cash[/URL] $400.00 paid back $480.00
One Click Cash $400.00 paid back $650.00
CMG Group LLC $250.00 paid back $850.00 (yep thats the correct amount paid back, evertime i email them to [URL="http://www.debtconsolidationcare.com/settlement/thread88395.html#"]pay off[/URL] the loan they hang up on me.)
SGQ LTD $200.00 Paid back $480.00
Please help, I dont want to close my bank account. Do you think my bank will help me from stopping them from withdrawing money?[/QUOTE]Not likely. Check the specific laws pertaining to Payday loans in your state and I'd hate to say it, but the best thing right now you can do is close your account.


Submitted by Jason Dobbs on Fri, 10/29/2010 - 18:49

Jason Dobbs

( Posts: 42 | Credits: )


Quote:

Originally Posted by Anonymous
i want things clarified here.
i have a payday loan with Nationwidecash.com. i have paid them some not all. I am tryin to settle on an amount as they want hundreds of more then what i owe. i live in MA and i know it is illegal. what am i obligated to pay them? what the loan was? if they didnt reg with the small loan act do i not have to pay any interest? HELP they are the rudest people


I was just handeling an illegal loan, as far as me, my banker, and my state laws are concerned they deposited money into my accept and have no legal reason to remove any. Banks allow deposits into any account from anyone. But taking from that account with out authorization (in case of ACHs they need a licence) if the company is 100% illegal they just gave you free money. When you speak with them never call it a loan say "the money you put into my account"

In the end I told them thanks for the money you, and any company affiliated with you or hired by you or anyone affiliated with you will never contact me or any of my contacts or work ever again.

The next day I had a paid in full emailed to me. I didn't pay them anything back. Hope this helps.


Submitted by on Sat, 10/30/2010 - 04:06

( Posts: 202330 | Credits: )


Payday loans company is running my life. I have several PDL lenders such as Titan Group LLC,Sagamore, Pack Managment, Loan Point USA. Could you let me know if these company are legal in Hawaii, these PDL are all from online. Please help!!


Submitted by on Sat, 10/30/2010 - 23:31

( Posts: 202330 | Credits: )


Quote:

Originally Posted by Anonymous
Payday loans company is running my life. I have several PDL lenders such as Titan Group LLC,Sagamore, Pack Managment, Loan Point USA. Could you let me know if these company are legal in Hawaii, these PDL are all from online. Please help!!

Internet payday lenders are not legal in your state. Read the first page of this thread to learn how to deal with them.


Submitted by Shazzers on Sun, 10/31/2010 - 08:49

Shazzers

( Posts: 17344 | Credits: )


I live in Washington State and I have 5 online loans. Two of them I have paid above and beyond so I sent them the letter and put a hard block at my bank. They are TIOR Capital and Liberty Group LLC. They tried to debit the monies from my bank and when they couldn't about a week later I got an email stating that they were sending me to collections. Then two days ago I received two emails from a National Credit Adjusters from KS stating that they have been unable to make voluntary arrangements with me to collect the debt and have now turned it over to a legal firm of Lombardo. Saturday (10-30-10) I got a voicemail from the Lombardo "law firm" stating I have two complaints associated with my name and SS# and that I needed to contact them. If I did not contact them I would be served with papers.

Then last week I went into my bank and put a hard block on Platinum Finance LLC, and told the clerk that the debits come out as Platinum Cashlin Collections. He said that all he needed was the name of the company. I mentioned three times how the ACH's come out, but he kept saying he only needed the name of the company. I sent Platinum Finance LLC the letter as well. Friday I checked my account and seen that Platinum CashLin Collection had a pending ACH on my account..not only a pending ACH but for $40 more than what they were originally debiting for a total of $160. I called my bank and they said it would go through because the company changed their name from what they put on the block. I told them that I had mentioned three times the company name AND how it appears as the ACH. I am now going to shut down my account with them, but I am wondering what I should do about the National Credit place and the so called law firm of Lombardo and goldstein or something like that.

Additonally I have a 500fastcash that I will be sending a letter to this week after I close my account since I am way above and beyond the payment and fees legal for WA State, but I am worried about my new account because there are two additional loans that I feel I still owe money to, so I will have to give them my new account to pay them off.


Submitted by on Sun, 10/31/2010 - 11:23

( Posts: 202330 | Credits: )


My bank finally blocked / reversed the charges from Platinum Finance and by 5 am the next morning I received this email... they act as though they never received my letter to them

[FONT=Arial][SIZE=2]URGENT: WE DID NOT RECEIVE YOUR PAYMENT
Please call us immediately at 888-367-8585 or email [EMAIL="recovery@platinumcashnow.com"]recovery@platinumcashnow.com[/EMAIL] to make arrangements for payment. [/SIZE][/FONT]

[LEFT]Dear (removed name):
Platinum Cash Link regrets to inform you that your payment on November 02, 2010 was not honored by your bank. As a courtesy to you, our valued customer, we are extending an opportunity to amend this oversight.
Such matters are taken seriously at Platinum Cash Link. However, we are aware that a returned payment may be the result of a special and unavoidable circumstance, and we encourage you to quickly resolve this situation.
Please contact an account specialist either by phone or by email (listed above). They will be more than happy to hear from you and work out payment arrangements.
Thank you for your prompt attention to this matter. [/LEFT]


Submitted by on Tue, 11/02/2010 - 06:43

( Posts: 202330 | Credits: )


[QUOTE=Anonymous;765555]My bank finally blocked / reversed the charges from Platinum Finance and by 5 am the next morning I received this email... they act as though they never received my letter to them

[FONT=Arial][SIZE=2]URGENT: WE DID NOT RECEIVE YOUR PAYMENT
Please call us immediately at 888-367-8585 or email [EMAIL="recovery@platinumcashnow.com"]recovery@platinumcashnow.com[/EMAIL] to make arrangements for payment. [/SIZE][/FONT]

[LEFT]Dear (removed name):
Platinum Cash Link regrets to inform you that your payment on November 02, 2010 was not honored by your bank. As a courtesy to you, our valued customer, we are extending an opportunity to amend this oversight.
Such matters are taken seriously at Platinum Cash Link. However, we are aware that a returned payment may be the result of a special and unavoidable circumstance, and we encourage you to quickly resolve this situation.
Please contact an account specialist either by phone or by email (listed above). They will be more than happy to hear from you and work out payment arrangements.
Thank you for your prompt attention to this matter. [/LEFT][/QUOTE]
This is typical, just make sure you stand your ground, don't allow them to intimidate you.


Submitted by Shazzers on Tue, 11/02/2010 - 07:13

Shazzers

( Posts: 17344 | Credits: )


Quote:

Originally Posted by Anonymous
I live in Washington State and I have 5 online loans. Two of them I have paid above and beyond so I sent them the letter and put a hard block at my bank. They are TIOR Capital and Liberty Group LLC. They tried to debit the monies from my bank and when they couldn't about a week later I got an email stating that they were sending me to collections. Then two days ago I received two emails from a National Credit Adjusters from KS stating that they have been unable to make voluntary arrangements with me to collect the debt and have now turned it over to a legal firm of Lombardo. Saturday (10-30-10) I got a voicemail from the Lombardo "law firm" stating I have two complaints associated with my name and SS# and that I needed to contact them. If I did not contact them I would be served with papers.

Then last week I went into my bank and put a hard block on Platinum Finance LLC, and told the clerk that the debits come out as Platinum Cashlin Collections. He said that all he needed was the name of the company. I mentioned three times how the ACH's come out, but he kept saying he only needed the name of the company. I sent Platinum Finance LLC the letter as well. Friday I checked my account and seen that Platinum CashLin Collection had a pending ACH on my account..not only a pending ACH but for $40 more than what they were originally debiting for a total of $160. I called my bank and they said it would go through because the company changed their name from what they put on the block. I told them that I had mentioned three times the company name AND how it appears as the ACH. I am now going to shut down my account with them, but I am wondering what I should do about the National Credit place and the so called law firm of Lombardo and goldstein or something like that.

Additonally I have a 500fastcash that I will be sending a letter to this week after I close my account since I am way above and beyond the payment and fees legal for WA State, but I am worried about my new account because there are two additional loans that I feel I still owe money to, so I will have to give them my new account to pay them off.



You do not have to give your legal loans your new account info. Make arrangements to pay them off via money order, prepaid debit card or by western union/moneygram. Money order is the best way to go (and cheapest). If they want your money, they need to follow YOUR terms. Period.

Also, as Shazz said - the response you got is typical. Reply to their notification with your original letter and remind them of your laws and, if applicable, that they owe you a refund.


Submitted by OhioGal1 on Tue, 11/02/2010 - 08:16

OhioGal1

( Posts: 5253 | Credits: )


Has there been any history of someone actually being sued in court by the Lombardo, Davis, and Gold(something)? I have two PDL's that went to them even though I have them paid per Washington State law...and I am going to be sending Platinum another email to cease

I plan on standing my ground, but not knowing what will happen is kind of nerve wracking


Submitted by on Tue, 11/02/2010 - 19:39

( Posts: 202330 | Credits: )


Quote:

Originally Posted by Anonymous
I have 3 pay day loans and live in Florida: Paycheck today $ 400
VIP CASH DES: $300
National Money Store $ 500
are these lenders lic in Florida??? Please help

National Money Store is your only legal lender, the other two are not legal in your state, CLICK HERE to find out how to deal with illegal lenders.


Submitted by Shazzers on Wed, 11/03/2010 - 20:44

Shazzers

( Posts: 17344 | Credits: )


I have so many out and I got overwhelmed and closed my Bank account before they could start any ACH it felt like my paychecks were going to interest. I am in Oregon, I am on the verge of filing Bankruptcy I have a repo 8 credit cards in default tons of med bills but anyway. which of these lenders are legit

PaydayOne $200 owe $365
CashNetUSA $200 owe $246.12
United Cash loans $200
One Click Cash $250
Cash Yes $paid $75 every other week on $250 loan
247 Green Street $450 borrowed $250 for a week
FBD Loans $1600 paid over $5000 kept paying off and then having to renew
I think there is one more but I can't find the info I was already Garnished earlier this year from Cash Connection they moved on me fast I ended up paying $565 for a $200 loan that would have cost me $226.00 if I would have paid it back in time well that is my dumb life.


Submitted by on Thu, 11/04/2010 - 17:04

( Posts: 202330 | Credits: )


Quote:

Originally Posted by Anonymous
I have so many out and I got overwhelmed and closed my Bank account before they could start any ACH it felt like my paychecks were going to interest. I am in Oregon, I am on the verge of filing Bankruptcy I have a repo 8 credit cards in default tons of med bills but anyway. which of these lenders are legit

PaydayOne $200 owe $365
CashNetUSA $200 owe $246.12
United Cash loans $200
One Click Cash $250
Cash Yes $paid $75 every other week on $250 loan
247 Green Street $450 borrowed $250 for a week
FBD Loans $1600 paid over $5000 kept paying off and then having to renew
I think there is one more but I can't find the info I was already Garnished earlier this year from Cash Connection they moved on me fast I ended up paying $565 for a $200 loan that would have cost me $226.00 if I would have paid it back in time well that is my dumb life.

Payday One
CashNetUSA
FBD Loans
All the above a licensed/legal lenders, the rest of yours are not. CLICK HERE to find out how to deal with illegal lenders.


Submitted by Shazzers on Thu, 11/04/2010 - 19:35

Shazzers

( Posts: 17344 | Credits: )


Is there anyway to deal with unlicensed payday loan lenders other than closing your bank account? I've been with my credit union for close to 20 years.

Also, where can I verify that a lender isn't licensed. I looked here: http://www.dora.state.co.us/pls/real/bidS_Search.Search_Page

Does that seem right?

I have loans with
Big Sky $325
United Cash $390
Red Stone Financial $400
Zip19 $500

I've cancelled my direct deposit for my paycheck but I'm not sure what the next steps should be....

Any help is appreciated. I'm struggling with two kids and no child support. I had to take the loans out to cover closing cost when we sold the house after divorce.

Thanks
Sam


Submitted by sumbrawd on Fri, 11/05/2010 - 13:09

sumbrawd

( Posts: | Credits: )


We live in Pennsylvania. It seems over the past year both my fiance and i have gotton one payday loan to payoff another. We are typically paying about have of what we would pay just in payments along a month of our total payday loan debt amount. Total comes to about $3,000. We are paying almost $1700 in just payments along a month and the total amount of the payday loans never seem to go down. Desperatly looking for a way to pay them off without being broke and having to extend the loans each and everytime. are any of these payday loans legal in the state of PA? any suggestions on how to pay them off without just making the min payment each time - which does not seem to be working.

MYPAYDAYLOANS
EASTSIDE LENDERS
AMERILOAN
MMG
FBDLOANS OR FIRST BANK OF DELEWARE, ALSO GOES BY THINKCASH
ONECLICKCASH
USFAST CASH


Submitted by on Sat, 11/06/2010 - 22:37

( Posts: 202330 | Credits: )


Hi, I live in new york and have 9 payday loans. I am in way over my head and cant pay them off.
1. DMA Financial Inc or VIP - 400
2. Lakota Cash - 480
3. Ameriloan - 200
4. Hushhawke Group - 510
5. Loan Shop - 850
6. Galaxy marketing - 475
7. Nationwide Cash - 315
8. zip19.com - 460
9. vince enterprises - 385.00

I need some advise. I know pay day Loans are illegal in NY. What steps should I take to avoid the harrassing calls and pay off these accounts. I closed my bank accountand would like to pay them off. Which I think I already did with all those loan extensions. thanks for any advice you can give


Submitted by on Mon, 11/08/2010 - 07:10

( Posts: 202330 | Credits: )


I sent the letter your site recommended ans got this response in ten minutes from Hushhawk Marketing(borrowed 300):

Since we are not located in your state we are not subject to their laws, you are legally obligated to pay us back per the contract you e-signed.


The renewal fees alone is way more than what I borrowed. How should I respond to them?


Submitted by on Mon, 11/08/2010 - 09:19

( Posts: 202330 | Credits: )


I emailed the letter the site recommended and this is the response I got from Hushhawk Group within ten minutes:

Since we are not located in your state we are not subject to their laws, you are legally obligated to pay us back per the contract you e-signed.


I originally borrowed $300 and the renewal fees are way more than what I borrowed. Now they say I owe $510. How should I respond to their email?


Submitted by on Mon, 11/08/2010 - 09:24

( Posts: 202330 | Credits: )


hi, i am in nh and i foiund out through the state banking department which governs lenders. they have a lost of lenders in which they cannot lend and have dease desist orders on them. this is for nh, but i am sure they have a website for the state of ma.

http://www.nh.gov/banking/index.html

good luck!


Submitted by on Fri, 11/12/2010 - 13:40

( Posts: 202330 | Credits: )


FBD(First Bank nof Delaware) isn not licensed for the state of new hampshire. please use this link to find other state banking department to verify if your pdl are licensed for your state. you can file a complaint and the state banking department will go and investigate the lenders you list.

http://www.nh.gov/banking/index.html

and

http://www.paydayloaninfo.org/

good luck!


Submitted by on Fri, 11/12/2010 - 13:45

( Posts: 202330 | Credits: )


eastside lenders and 500 fast cash are not even in the usa! they are in the west indies. definitely not licensed in your state.

try filing a complain on these lenders, but before you do, check with the your state banking department to verify if bany of your lenders are licensed to lend in your state. they will tell you if they are or not. if not licensed, then, file a complaint and submit all your payments made to the lenders and promissory notes and anythign else you think would be useful for the state bankign departemnt to investigate. the government dont know about these loan sharks until the consumers say something.

i believe you will get a result. in the interim, i hope you send a letter to them (PDL) indicated in this thread and stop paying on the loans. you probably have paid the principal and can prove it. also include any refunds of amounts you have paid beyond the prinicpal loans and ask for it in your complaint.


Submitted by on Fri, 11/12/2010 - 13:53

( Posts: 202330 | Credits: )


I have 2 loans one is Sure Advance Loan and one is QXLONLINE.com PAYDAY LOAN. I can't get ahold of anyone to pay theses off. I got the loans the last of May one was for $200 and I am still paying on it. Please help me. I am from Indiana. What are the laws here or where can I find out about them... Thanks for any help.


Submitted by on Mon, 11/15/2010 - 14:37

( Posts: 202330 | Credits: )


THANKS BOOP. THIS REALLY HELPED.:p


Submitted by on Wed, 11/17/2010 - 15:26

( Posts: 202330 | Credits: )


I am trying to figure out the best way to attack the payday loans I have. I currently have:

CashJar - owe $550
Think Cash - owe $600
Upfront Cash - owe $450
Upfront Payday - owe $585
EZ Payday - owe $325
Lakota Cash - owe $292

I live in the state of VA....are any of these lenders illegal? Would it be best to work with a consolidation company?


Submitted by Erin Lyons on Thu, 11/18/2010 - 08:22

Erin Lyons

( Posts: | Credits: )


I have 4 outstanding payday loans. Please advise on what I can do to get out of this trap.

I have paid well over the amount due on all but 1 of them but have yet to make a payment on the principle on any of them. Are any payday loans legal in PA? If so is there a way to find out which if any of these are legal?


Submitted by on Mon, 11/29/2010 - 18:41

( Posts: 202330 | Credits: )


Hi Iam in pa I have 3 loans
I do not know the amount I borrowed But I have been payibg for a long time over a year
paydaymax
oneclickcash
magum
One is saying I owe them almost $2000 with interest that is magum please let me know what to do


Submitted by on Tue, 11/30/2010 - 09:27

( Posts: 202330 | Credits: )


Hi I sent the letter to advance me today seeing as how they are illegal in NYS and no one has answered me... I am going to close my back account tomorrow in hopes they will not be able to take any money from me... what should I do?? They are e-mailing me telling me that my account balance has gone up like $100 and I'm nervous


Submitted by on Thu, 12/09/2010 - 08:25

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Quote:

Hi I sent the letter to advance me today seeing as how they are illegal in NYS and no one has answered me... I am going to close my back account tomorrow in hopes they will not be able to take any money from me... what should I do?? They are e-mailing me telling me that my account balance has gone up like $100 and I'm nervous

You shouldn't send any letters out until your bank account is closed, if you do, they will rush in and debit huge amounts from your account.


Submitted by Shazzers on Thu, 12/09/2010 - 08:37

Shazzers

( Posts: 17344 | Credits: )


Hello -

I spoke with the DFI in Michigan about ThinkCash - FBD of Delaware and she told me they were not licensed in the State of Michigan. I also wrote to the First Bank of Delaware about working out a payment and they said I needed to contact ThinkCash. I thought that was interesting.


Submitted by on Fri, 12/10/2010 - 10:30

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