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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]


Quote:

Originally Posted by Anonymous
I have had a online loan through Magnum Cash Advance for about 2 years now. I get them almost paid off and then I renew it because I need the money. The loan I have out now is for $719.00. I took this loan out on June 16th and I still owe 4 more payments of 143.00. I can not afford it. Is there anything I can do? I live in Michigan.

Close your account.


Submitted by Shazzers on Sat, 08/14/2010 - 19:56

Shazzers

( Posts: 17344 | Credits: )


I to have several payday loans and want to know if they are licensed in texas where I live.

QXLOnline.com - $200 loan - paid $76
ExtraCash - $300 loan - paid $96
OSLmarketing.net (DJR Group LLC) - $200 loan - paid $120
Paragon Processing (Paragon.Funding.net) - $200 loan - paid $120
Vince Enterprise (Prestigegm.com) $200 loan - paid $120
CashNetUSA $550 loan - paid $253.94

Would appreciate any help.


Submitted by on Tue, 08/17/2010 - 14:56

( Posts: 202330 | Credits: )


Online Pay Loan companies trying to sue me after I found out I was being scammed by different companies taking $25 dollars here, $25 there, until I had to close my account. I have several loans out and don't know who's who. I am now receiving threats to be sued because of this. I live in California, I am willing to pay what I owe but not 4 & 5 hundred dollars extra. I was thinking of trying to worked out a payment plan but it's been almost a year when this started happening, what should I do?


Submitted by on Wed, 08/18/2010 - 10:00

( Posts: 202330 | Credits: )


Quote:

Originally Posted by Anonymous
Online Pay Loan companies trying to sue me after I found out I was being scammed by different companies taking $25 dollars here, $25 there, until I had to close my account. I have several loans out and don't know who's who. I am now receiving threats to be sued because of this. I live in California, I am willing to pay what I owe but not 4 & 5 hundred dollars extra. I was thinking of trying to worked out a payment plan but it's been almost a year when this started happening, what should I do?


alot of illegal online pdl's will threaten lawsuits,but they are done over the phone.next time they call demand something in writing,it is your right under federal law.again online illegals will threaten a lawsuit,but that is only to scare you into paying.chances are with the fees you paid the loan,but these places don't follow the law.


Submitted by paulmergel on Wed, 08/18/2010 - 10:21

paulmergel

( Posts: 15514 | Credits: )


I to have several payday loans and want to know if they are licensed in texas where I live. They are all online loan company.

QXLOnline.com - $200 loan - paid $152
ExtraCash - $300 loan - paid $192
OSLmarketing.net (DJR Group LLC) - $200 loan - paid $180
Paragon Processing (Paragon.Funding.net) - $200 loan - paid $180
Vince Enterprise (Prestigegm.com) $200 loan - paid $180
CashNetUSA $550 loan - paid $394.00

Can anyone tell me if they are licensed in texas.


Submitted by on Fri, 08/20/2010 - 08:50

( Posts: 202330 | Credits: )


Quote:

Originally Posted by Shazzers
Ace Cash Services is not licensed to lend anywhere in the U.S. If I were you, I would close that account because it will never be safe again, CLICK HERE to find out how to deal with illegal lenders.



Could you elaborate on what you mean by 'not licensed to lend anywhere in the U.S.'? I filed a complaint with our State's AG, as the LA OFI said that they don't license or regulate institutions that have no physical location in the state (internet lender). Of course, I don't know of any physical locations because none of their correspondence has more than a 1-800 number (no addresses...).

Thanks,
Kris


Submitted by on Fri, 08/27/2010 - 13:40

( Posts: 202330 | Credits: )


Quote:

Originally Posted by Shazzers
Ace Cash Services is not licensed to lend anywhere in the U.S. If I were you, I would close that account because it will never be safe again, CLICK HERE to find out how to deal with illegal lenders.

Could you elaborate on what you mean by 'not licensed to lend anywhere in the U.S.'? I filed a complaint with our State's AG, as the LA OFI said that they don't license or regulate institutions that have no physical location in the state (internet lender). Of course, I don't know of any physical locations because none of their correspondence has more than a 1-800 number (no addresses...).
Thanks,
Kris


Submitted by on Fri, 08/27/2010 - 14:56

( Posts: 202330 | Credits: )


Manhattan Processing - $250 loan taken out - paid 5 payments totalling $375. Closed my bank account and they sent me to National Credit Adjusters. Received the letter on Thursday that I owe $430 from ther date of the letter. They said it was on my credit history - checked with TransUnion and nothing is there and have tagged my credit report with the 3 agencies now. I sent a letter back to NCA disputing the debt. I am in Delaware - they are not licensed in DE but PDL's are legal as long as they stay within the small loan act. That means only 4 rollovers are allowed, the max amount of loan is $500 and can not exceed 60 days. I have defaulted on others, gave my employer the notice that there is no court orders for wage garnishments from any creditor that I know, and not paying squat to these guys any more. They want it from me they better show up face to face. That point I will have one thing for them my fist to their face. Sure wish Congress would read my letters to them as part of the financial reform but of course that won't happen as they are all getting kickbacks from them.


Submitted by on Sat, 08/28/2010 - 14:41

( Posts: 202330 | Credits: )


to have several payday loans and want to know if they are licensed in texas where I live.

QXLOnline.com - $200 loan - paid $76
ExtraCash - $300 loan - paid $96
OSLmarketing.net (DJR Group LLC) - $200 loan - paid $120
Paragon Processing (Paragon.Funding.net) - $200 loan - paid $120
Vince Enterprise (Prestigegm.com) $200 loan - paid $120
CashNetUSA $550 loan - paid $253.94

Would appreciate any help. Can anyone please help and let me know if they are licensed in texas.


Submitted by on Mon, 08/30/2010 - 10:59

( Posts: 202330 | Credits: )


Quote:

Originally Posted by Anonymous
Could you elaborate on what you mean by 'not licensed to lend anywhere in the U.S.'? I filed a complaint with our State's AG, as the LA OFI said that they don't license or regulate institutions that have no physical location in the state (internet lender). Of course, I don't know of any physical locations because none of their correspondence has more than a 1-800 number (no addresses...).
Thanks,
Kris


She simply means, they're illegal in every state in the U.S. They are not licensed to lend and are doing so illegally.


Submitted by OhioGal1 on Mon, 08/30/2010 - 11:25

OhioGal1

( Posts: 5253 | Credits: )


Quote:

Originally Posted by Anonymous
to have several payday loans and want to know if they are licensed in texas where I live.

QXLOnline.com - $200 loan - paid $76
ExtraCash - $300 loan - paid $96
OSLmarketing.net (DJR Group LLC) - $200 loan - paid $120
Paragon Processing (Paragon.Funding.net) - $200 loan - paid $120
Vince Enterprise (Prestigegm.com) $200 loan - paid $120
CashNetUSA $550 loan - paid $253.94

Would appreciate any help. Can anyone please help and let me know if they are licensed in texas.


QXL, Extracash, OSL, Paragon are illegal in Texas. Not too much sure about Vince Enterprise. As for CashNet USA, they are legal and will offer you payment plans if you ask for. Check out the first post in this link posted by Shazzers to know how to deal with the illegal lenders. [URL="http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html"][/URL]


Submitted by paulcahill80 on Sat, 09/11/2010 - 16:49

paulcahill80

( Posts: 2359 | Credits: )


I closed my bank account two months ago and sent out the email to the companies. When I attempt to log in to the accounts to check the status I get the following messages:

National Payday - "Error- Invalid login"
Magnum Cash Advance - "Account is no longer active"
Integrity Payday - "I am sorry we were unable to locate your customer record."
Eastside Lenders - "Status: Collections"

I have not received any "paid in full" messages and have not had any further contact with any of the companies except for Integrity who as of two weeks ago were still sending collection emails (with the wrong name for me and one had a wrong state of residence). Does anyone know what this means? Have the accounts with no information on me been closed?


Submitted by dkejr10 on Fri, 09/17/2010 - 07:08

dkejr10

( Posts: 10 | Credits: )


Like a dip@%@st i got into this payday loan mess within the last 5 mo.i have 8 of these in which on some they owe me money back (which i am not trying to get back just want a p.i.f.) and some i owe.what is funny about these outfits is that i have emailed them a told them i will pay the principle amount, but what is strange they will not email me back to accept my terms,except for zip 19.they said for me to email them with my terms and they would get back to me.(terms are..i owe $600.00 principle will send $200 you email me recpt. Of that amount then i will send another $200 and so forth) this was on 1 sept 10 no reply.emailed again on 13 sept 10 no reply.so what i am getting at is i think they do not want any record of them communicating with you.i have explained the california deferred deposit transaction law in my emails to them.so they do not want their hands dirty so what do they do,turn it over to a c.a.today at work gateway recovery associates faxes to my work,a fax stating who i owe (e processing) the amount $510 and ect. Clearly in violation of the third party rule.so my theary is no matter if you give them a c.d,or request a d.v. Or tell them tou are going to report them to the a.g.,f.t.c. Or what ever, they do not give a [email]s@#%t.what[/email] my plan is (i have let all the p.d.l. Know i will pay back principle) to wait it out take the b.s. And hopfully in a year they will tire,because i see no other way of making these people understand they are in violation of cal. Law.(i have argued with the ca. On the phone abuot this and they say i and cal.law is wrong,so it is just not worth talking to these people) this whole situation is like the movie "i joined the dark side".i do wished i would have read these posts before i jumped into this mess with these people.


Submitted by on Sat, 09/18/2010 - 02:26

( Posts: 202330 | Credits: )


[QUOTE=Anonymous;750833]Like a dip@%@st i got into this payday loan mess within the last 5 mo.i have 8 of these in which on some they owe me money back (which i am not trying to get back just want a p.i.f.) and some i owe.what is funny about these outfits is that i have emailed them a told them i will pay the principle amount, but what is strange they will not email me back to accept my terms,except for zip 19.they said for me to email them with my terms and they would get back to me.(terms are..i owe $600.00 principle will send $200 you email me recpt. Of that amount then i will send another $200 and so forth) this was on 1 sept 10 no reply.emailed again on 13 sept 10 no reply.so what i am getting at is i think they do not want any record of them communicating with you.i have explained the california deferred deposit transaction law in my emails to them.so they do not want their hands dirty so what do they do,turn it over to a c.a.today at work gateway recovery associates faxes to my work,a fax stating who i owe (e processing) the amount $510 and ect. Clearly in violation of the third party rule.so my theary is no matter if you give them a c.d,or request a d.v. Or tell them tou are going to report them to the a.g.,f.t.c. Or what ever, they do not give a [email]s@#%t.what[/email] my plan is (i have let all the p.d.l. Know i will pay back principle) to wait it out take the b.s. And hopfully in a year they will tire,because i see no other way of making these people understand they are in violation of cal. Law.(i have argued with the ca. On the phone abuot this and they say i and cal.law is wrong,so it is just not worth talking to these people) this whole situation is like the movie "i joined the dark side".i do wished i would have read these posts before i jumped into this mess with these people.[/QUOTE]
They are nothing more than criminals, so no, there is no negotiating with a criminal, so, the only way to protect ones self is to close their account, then inform the pdl you will pay back what you legally owe (which would be the principal amount less any payments already made), tell them no address means no payments, the decision is theirs.


Submitted by Shazzers on Sat, 09/18/2010 - 05:52

Shazzers

( Posts: 17344 | Credits: )


Hello. I am in CT and I read the law and like MA, Connecticut requires lender to be registered and also having a requirement that says that thet interest rate could be up to 12%. I have 4 payday loan and I have a question about it. In the letter template I read above, I read that b/c in my state payday is illegal, then I am not legally bound to any of these lenders suing me? Can they sue me in their home state? Can I ask them to apply the fees they have taken toward the principle of the loan?

Thanks


Submitted by on Tue, 09/21/2010 - 18:39

( Posts: 202330 | Credits: )


Quote:

Originally Posted by Anonymous
Hello. I am in CT and I read the law and like MA, Connecticut requires lender to be registered and also having a requirement that says that thet interest rate could be up to 12%. I have 4 payday loan and I have a question about it. In the letter template I read above, I read that b/c in my state payday is illegal, then I am not legally bound to any of these lenders suing me? Can they sue me in their home state? Can I ask them to apply the fees they have taken toward the principle of the loan?

Thanks


We need more information. Who are your lenders? How much did you borrow? How much have you paid so far? Were these internet loans?


Submitted by OhioGal1 on Fri, 09/24/2010 - 06:27

OhioGal1

( Posts: 5253 | Credits: )


So i sent an email (using the template) to DJR Group, and they sent a reply saying that if i revoke ACH payment, they will send my account to a collection agency. it is a loan for $300 and i have paid over $700.

i requested a "paid in full" status and a refund. anyone care to give advice on how i should respond?


Submitted by on Fri, 09/24/2010 - 16:09

( Posts: 202330 | Credits: )


Quote:

Originally Posted by Anonymous
So i sent an email (using the template) to DJR Group, and they sent a reply saying that if i revoke ACH payment, they will send my account to a collection agency. it is a loan for $300 and i have paid over $700.
i requested a "paid in full" status and a refund. anyone care to give advice on how i should respond?



*same person, having trouble registering*

so i also sent a threatening email to USFastCash yesterday and now tried to log into my account, and they said that my account is unavailable. does this mean i'm in the clear and paid in full?


Submitted by on Fri, 09/24/2010 - 16:13

( Posts: 202330 | Credits: )


I also had a loan with JR Group. I did exactly the same thing you did and they sent it to a debt collection agency. The debt collection agency harrassed me by making several calls and day and leaving messages on my voicemail. So I went through Krohn and Moss (debt collection lawyers) and I got a settlement and they wiped out 2 payday loans that were on my credit report. Hang in there. If you can stand the harrassing phone calls from the debt collector for a couple of weeks (make sure that you log every call that comes in) you could come out the winner!


Submitted by on Mon, 09/27/2010 - 19:25

( Posts: 202330 | Credits: )


Quote:

Originally Posted by Anonymous
*same person, having trouble registering*
so i also sent a threatening email to USFastCash yesterday and now tried to log into my account, and they said that my account is unavailable. does this mean i'm in the clear and paid in full?


hello, this website still gives me an error when I try to register.

Good news! DJR Group just sent me an email yesterday saying that they marked my account as Paid in Full after using the resources in this thread! Thank you!


Submitted by on Thu, 09/30/2010 - 04:10

( Posts: 202330 | Credits: )


I have 2 internet loans I live in Ga... One loan is with Lakota cash for $200.00 and the other one is Delaware banking (something Like that) its $500.00 my principle payment is 23.00 but I pay 85.00 every payday I will pay $900.00 before its all said and done.. Can i get out of paying the fees on these loans??? Please help!!


Submitted by on Fri, 10/01/2010 - 06:43

( Posts: 202330 | Credits: )


Quote:

Originally Posted by Anonymous
hello, this website still gives me an error when I try to register.
Good news! DJR Group just sent me an email yesterday saying that they marked my account as Paid in Full after using the resources in this thread! Thank you!


How long did the process take? I'm in the process of sending out emails and contacting the AG in MD. I need to get out of this hellish situation.


Submitted by on Fri, 10/01/2010 - 06:46

( Posts: 202330 | Credits: )


Quote:

Originally Posted by Anonymous
How long did the process take? I'm in the process of sending out emails and contacting the AG in MD. I need to get out of this hellish situation.


For DJR Group. I sent the email template and then they sent me one within a day threatening to take me to collections. Then I sent them the exact same email again and then 3 days later got the "paid in full" notice. So all in all the correspondence took about 6 days.

I'm still waiting on USFastCash and UnitedCashLoans. i've sent them 3 threatening emails and haven't heard back.


Submitted by on Fri, 10/01/2010 - 07:58

( Posts: 202330 | Credits: )


Quote:

Originally Posted by Anonymous
I have 2 internet loans I live in Ga... One loan is with Lakota cash for $200.00 and the other one is Delaware banking (something Like that) its $500.00 my principle payment is 23.00 but I pay 85.00 every payday I will pay $900.00 before its all said and done.. Can i get out of paying the fees on these loans??? Please help!!


Is the other one First Bank of Delaware? If so, that's a legal loan and you need to repay it according to the terms of your contract. You can save money on the interest fees by paying it off earlier or making additional principal payments. I think Lakota is illegal but I need to do some checking. I'll get back to you on that one.


Submitted by OhioGal1 on Fri, 10/01/2010 - 08:47

OhioGal1

( Posts: 5253 | Credits: )


I live in NY. I have 4 loans from
ace cash services
my cash now
my next pay check
us fast cash
Are the legal??


Submitted by on Thu, 10/07/2010 - 11:44

( Posts: 202330 | Credits: )


Quote:

Originally Posted by Anonymous
Let me get the straight. All of these posts are about which payday lenders are "legal" so I can pick and choose who I want to pay back? Huh. Isn't it YOU who took out all of these loans and are obligated morally to pay these back? Why is it the lenders fault whether they are legal or not? YOUR the one who chose to enter your information online and press submit.
I always pay my loans back and do not take out more then I cannot afford. Stop complaining about the fees. You agreed to them and they are displayed on the websites. Your not the victim the lender is. Grab ahold of your big boy underwear and grow up and take some responsibility for yourself.


The fact that some don't repay might be the cause of the high interest amounts. They are more than covered for the loss. The heck with them.


Submitted by on Thu, 10/07/2010 - 17:08

( Posts: 202330 | Credits: )


so i sent the cease and decist email, and just got a phone call from United Cash Loans. i've paid $720 on my $300 loan. i argued with a manager but he said that they would continue to try to contact me to collect. what should i do now?


Submitted by on Sat, 10/09/2010 - 09:32

( Posts: 202330 | 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 resubmitted this letter with my state's applicable laws but to no avail. these characters think they can disregard NY law. How do I get the upper hand??


Submitted by Jason Dobbs on Sun, 10/10/2010 - 16:27

Jason Dobbs

( Posts: 42 | Credits: )


Quote:

Originally Posted by Jason Dobbs
I resubmitted this letter with my state's applicable laws but to no avail. these characters think they can disregard NY law. How do I get the upper hand??

Don't give up, stand firm, arm yourself with as much information as you can to use against these pdl's, and follow through with each and every promise you make to them.


Submitted by Shazzers on Mon, 10/11/2010 - 06:57

Shazzers

( Posts: 17344 | Credits: )


Does anyone have any opinions about payday loan consolidation companies that are reputable? I just looked one up online and checked the BBB and the rating was an F, and I had almost started proceedings with them before I checked with the BBB. It was Relief, LLC, out of Nevada (though the lady on the phone said they were based out of CA), and they wanted $100 to start and 25% of my loan amounts, to be paid over a 12-month period with their fees being paid with the first 5 payments. Is it wise to get someone else involved or just try to take care of the internet loan companies myself?


Submitted by christisbox1 on Mon, 10/11/2010 - 09:44

christisbox1

( Posts: 6 | Credits: )


Yes, you'll need to close the account and open another one. Follow the advice in this sticky http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html to deal with the illegal ones. CIC and CNU should give you an extended payment plan but you will need to ask prior to defaulting with them. Just make arrangements to pay them with a prepaid debit card. Don't give anyone your new account info!


Submitted by OhioGal1 on Mon, 10/11/2010 - 12:02

OhioGal1

( Posts: 5253 | Credits: )


I live in New Jersey and have the following loans

[COLOR=black]Huskhawk Group borrowed $250.00 paid $150.00[/COLOR]
[COLOR=black][FONT=Arial][COLOR=black]PDYSERVICES.COM PAYDAYLOAN[/COLOR] borrowed $200.00 paid 277.00[/FONT][/COLOR]
[COLOR=black][FONT=Arial][FONT=Arial][COLOR=black]CMG Group LLC borrowed[/COLOR][/FONT][/FONT][/COLOR][COLOR=black][FONT=Arial][FONT=Arial][COLOR=black] $200.00 paid 120.00[/COLOR][/FONT][/FONT][/COLOR]
[COLOR=black][FONT=Arial][FONT=Arial][COLOR=black][FONT=Arial][/FONT][/COLOR][/FONT][/FONT][/COLOR]
[COLOR=black][FONT=Arial][FONT=Arial][COLOR=black]Where can I find laws on payday NJ lending?[/COLOR][/FONT][/FONT][/COLOR]
[COLOR=black][FONT=Arial][FONT=Arial][/FONT][/FONT][/COLOR]


Submitted by on Sat, 10/16/2010 - 09:13

( Posts: 202330 | Credits: )


I live in New Jersey and have the following loans

[COLOR=black]Huskhawk Group borrowed $250.00 paid $150.00[/COLOR]
[COLOR=black][FONT=Arial][COLOR=black]PDYSERVICES.COM PAYDAYLOAN[/COLOR] borrowed $200.00 paid 277.00[/FONT][/COLOR]
[COLOR=black][FONT=Arial][FONT=Arial][COLOR=black]CMG Group LLC borrowed[/COLOR][/FONT][/FONT][/COLOR][COLOR=black][FONT=Arial][FONT=Arial][COLOR=black] $200.00 paid 120.00[/COLOR][/FONT][/FONT][/COLOR]

[COLOR=black][FONT=Arial][FONT=Arial][COLOR=black]Are they legal? will the template work for me.[/COLOR][/FONT][/FONT][/COLOR]
[COLOR=black][FONT=Arial][FONT=Arial][COLOR=black]Where can I find laws on payday NJ lending?[/COLOR][/FONT][/FONT][/COLOR]


Submitted by on Sat, 10/16/2010 - 09:26

( Posts: 202330 | Credits: )


[QUOTE=Anonymous;760190]I live in New Jersey and have the following loans
[COLOR=black]Huskhawk Group borrowed $250.00 paid $150.00[/COLOR]
[COLOR=black][FONT=Arial][COLOR=black]PDYSERVICES.COM PAYDAYLOAN[/COLOR] borrowed $200.00 paid 277.00[/FONT][/COLOR]
[COLOR=black][FONT=Arial][FONT=Arial][COLOR=black]CMG Group LLC borrowed[/COLOR][/FONT][/FONT][/COLOR][COLOR=black][FONT=Arial][FONT=Arial][COLOR=black] $200.00 paid 120.00[/COLOR][/FONT][/FONT][/COLOR]
[COLOR=black][FONT=Arial][FONT=Arial][COLOR=black]Are they legal? will the template work for me.[/COLOR][/FONT][/FONT][/COLOR]
[COLOR=black][FONT=Arial][FONT=Arial][COLOR=black]Where can I find laws on payday NJ lending?[/COLOR][/FONT][/FONT][/COLOR][/QUOTE]
No, they are not legal because ALL payday loans are prohibited in your state, just follow the guidelines on the first page of this topic, first and foremost close your account!


Submitted by Shazzers on Sun, 10/17/2010 - 10:16

Shazzers

( Posts: 17344 | Credits: )