Help Please - Payday Loans IL

welcome,first being from IL i can say all of your pdl's are not legal in our state.we need the following.

how much borrowed from each
how much debited total by each

also you need to secure your account.either close it and open a new one at the same bank or a new bank.please supply the info requested.you can also look at the fifth sticky at the top of this forum.again,welcome and we can help you here.

Here is what I currently have...Eastside #1 was paid and then I started a new one (Eastside #2)
Description Credit(+) Total Paid
UnitedCashLoans $400.00 $485.00
Ameriloan $300.00 $485.00
M1y Direct $300.00 $270.00
StarCashPrcssng $300.00 $270.00
MMG Holdings $300.00 $270.00
INMYACCOUNT $200.00 $222.00
East Side #1 $700.00 $1,480.00
East Side #2 $500.00 $125.00

well here is what you owe.

my1 30.00
star 30.00
mmg 30.00

i would negate the second eastside with the first so everyone else owes you a refund.at least a pif.secure your account.the fifth sticky will give you every step in dealing with illegal lenders.again those are three you owe and how much you actually owe.

Thanks, Paul....I don't see the information in the 5th sticky....do you know the name of the sticky and/or post number

you go for ten and they move everything.it is the top sticky now.dealing with illegal lenders is the sticky.

I just found this information that indicates that payday loans are legal in Illinois.

Illinois Payday Loan Laws
State Legal Status
Lending of payday loan is considered legal in the State of Illinois.

Copied content deleted - Mod

i know,but a pdl has to be licensed to lend in IL.plus look at all the laws.trust me that every ipdl you have is not licensed therefore illegal in IL.

Thanks!!
I sent out all of my emails yesteday and have received 2 responses.
M1Y - Per your demand all automatic debits have been ceased.
MMG - Your account will be sold to a debt collection company and no longer be in our hands.

Nothing from the rest yet. Does handing it over to a debt collection company change anything? Should I request (again) an address to send the $30 balance to? Do I ask for the name of the company that they are selling it to? Or just leave well enough alone.

Thanks!!

always no matter if it's the pdl or a collector demand an address to send a money order.i would wait on the one.as the junk debt buyer will contact you.then you can bring our AG into the mix.ms.madigan lives for stuff like this,but just know since i filed my complaints 2 yrs ago things are busier with her.keep us posted.

Is this true....
East Side Lenders, which is located in Delaware, is licensed by the State of Delaware to make small loans. All such loans are approved and funded in Delaware, with repayment to be made in Delaware. The East Side Lenders loan agreement and website contain all disclosures required by Delaware and federal law and make it clear that all transactions are governed by Delaware law. On the advice of counsel, East Side Lenders maintains that the choice of Delaware law as controlling in the loan documents would be upheld, as all of the significant contacts in the loan transaction occur in Delaware. The loan agreement is legal and enforceable. In responding to your correspondence, East Side Lenders notes and reserves all available legal and equitable objections to the points you have raised.
East Side Lenders provided this service as a convenience to you. We still consider your loan to be outstanding and are prepared to go to arbitration as provided for in the Loan Agreement between us. As an alternative, if you are experiencing financial hardship, we will be happy to speak to you about payment arrangements through which you can successfully meet your payment obligations. East Side Lenders will consider doing so because of our continuing commitment to servicing our customers and not because of a legal obligation to do so.
Should you have any further questions regarding this matter, if you wish to speak about payment arrangements, please contact us at
Sincerely,
Customer Service

typical pdl BS.IL state law prevails.i got those at first when my battle started.just know they are full of it.

United Cash Loans, Ameriloan, and Cash Star Processing are illegal in every state. They are all 3 owned by the same Native American Indian Tribe. They all 3 do not have a license to lend.

Yes the above Guest is exactly right! All 3 PDLs are owned by a Native American Indian Tribe in Miami, Oklahoma. And all 3 are not licensed to lend in any state. They are also being investigated by the FTC, BBB, FBI, and the Oklahoma State Attorney General.

Some of the complaints filed on these companies state:

United Cash Loans is located at the same address as USFastCash, Star Cash Processing, & AmeriLoan. A subsequent BBB investigation determined that this address is the address for offices of the Miami Nation Indian Tribe. During its investigation of these companies, BBB employees visited the location as well as sent a certified letter to the Chief of the Tribe asking for further information regarding these companies. Employees of the Miami Nation Indian Tribe neither confirmed nor denied knowledge of the loan companies, and informed BBB staff that they would have to speak to the Miami Nation Indian Tribe's Leadership concerning the matter. BBB has not received a response from the Chief concerning this matter. At the present time, BBB does not know if these companies are operated by the Tribe, by employees or other people using the Tribe's addresses, or is a joint venture between the Tribe and a for-profit company.

The complaints against this company and others located at the same address generally allege the inability to pay off the requested loan, charges to the consumer's checking or credit card account despite never receiving the requested loan, or continued unauthorized charges to the consumer's credit card or checking account once the loan has been paid off.
BBB has determined that this company is not licensed in the state of Oklahoma to provide loans to consumers and does not appeare to be licensed in any of the states from which consumers have filed complaints with BBB. However, if the Miami Indian Tribe actually operates this business, it may not be subject to state laws regulating this industry.

BBB encourages all consumers seeking loans of any kind to research all of their options before providing any private financial information or signing any loan papers. Consumers should check with BBB on the company's grade, their complaint volume, and whether or not the company is licensed or regulated to provide the type of loan services the customer is seeking.

I live in Florida and currently have the following accounts:

SSM Group
Summit Group
Vince Enterprises
Paycheck Today
CashStar
Loan Shop
500 Fast Cash
Ameriloan

I closed my account and need help getting started. I get harassing phone calls at work even though they have been told it was illegal to call at work.........please help!

So, I just checked the Eastside Lenders website - as I have not heard from any of the lenders thus far and wanted to see where everything stood.

This is what I saw:
Loan Status
Status: Collections
Due Date: 7/30/2009
Balance: 175.00

does it state for which loan?

It doesn't state anything - that is based on my email and social security number. Last week, it continued to say $650.00

that's strange since there were two loans supposedly outstanding.

There is actually only 1 outstanding..the first was paid in full and then I took out the second, but the amount they are saying I owe is something that I can't figure out. It's not the principle minus the amount paid to date.....

you paid one of those?okay.so the 175.00 isn't the actual amount owed.i would wait until they e-mail again and bring it up about the account status and balance.

got an email today that they tried to debit my account, but couldn't so I owe them the finance charge of 150 plus 25 for the returned payment. I sent them back the same email again advising that I would send a money order but need an address.

so you owe them 150.00?then that is all you pay.the fact that they tried to debit an account they know is closed is their problem.

I don't owe them the 150...I techinically owe them 375 on this loan - but when you put the 2 together - they owe me more than that!

Huh? You stated you took another loan. Whatever you borrowed then that is what you morally owe. Any fees paid towards it, just deduct that from the loan balance.

If they are illegal - unlicensed in Illinois, not following IL law, wouldn't I be entitled to a refund on the first and yes, I know I still owe on the second.
East Side #1 $700.00 $1,480.00
East Side #2 $500.00 $125.00

So, they can give me a refund of 780 and then I will pay them the 375 or I am willing to call it a wash!

now it is clear.i would push for a refund of the overpaid loan with 375.00 going towards the outstanding loan.they more than likely won't go for that,but it'sworth a try.mention the other loan next time you correspond.see what they say.

Good morning,
I am writing regarding an account that has been paid in full. You should be able to access this by using my email address, if not, let me know.

I have record of this loan being paid in full, above and beyond what is legal in the state of Illinois - based on Illinois law, the interest on the loan should not have been more than $108.50 for a $700 loan. My records indicate that I paid you a total of $1,480.00 for this loan. I am prepared to contact the Illinois Attorney General and the FTC regarding this illegal loan practice.

As you are aware, prior to learning of the laws which govern these payday loans in the state in which I reside, I took out a second loan with your company (I believe it was before the mandated cooling off period of 7 days had expired) for $500.00. Which I have paid back $125.00 of. I am willing to reach an agreement with your company as outlined below.

Loan Amount - Maximum FInance Charge Allowed - Paid
$700.00 - $108.50 - Total $808.50
$500.00 - $77.50 - Total $577.50
Totals -
$1200.00 - $186.00 - total $1,386.00

I I have paid your company a total of $1,605.00 for these 2 loans. I am willing to not pursue legal action for a refund on the first loan if you will provide me with a paid in full for both loans. I need this from your company by the 4:00 PM CST on Friday, 8/7/09 or I will use any means necessary to collect a refund from your company.
As my previous emails have indicated, I need an address in which to submit payment for the balance of loan number 2 ($452.50) if you would like to issue a refund on the first loan of $671.50 and have me submit payment for loan number 2.

Regards,
Me.....

Ok, looks pretty solid. Best of luck!

So, I sent follow emails today asking for addresses which to send money orders and this is the response I was given by MMG - Again, your account is no longer with our company and you owe us nothing.
I know I did not repay the entire $300 that I borrowed and they first responded with telling me that they would sell my account to a collection agency.
Is this normal practice?

yep,afraid it is.if they think they can'y get more than what you legally owe.they will sell it.no worries,if some pdl buying bottomfeeder calls let us know the number,and we can get a name and address for you.

I went to my bank today and filled out an affadavit (sp?) for unauthorized ACH for Crown Financial on both the deposit and the debits. they deposited 200.00 in my account and then debited 89.00 x 2 and 1 for 289.00. I have no emails from them nor can I locate them on the internet. I figured if I dispute everything - deposit and withdrawls they can't say I owe them anything.

Here is what the person I am working with from the State of Illinois says about Internet (unlicensed) PDL Repayments -
Since you entered into a contract with a lender you are obliged to fulfill the contract. If you get me copies of your contracts, from every lender, I will take a look and see if I can help you in any way.

they told me that too.our AG will not agree with that.wait to see what they say.

this sounds incredibly elementary, but how do I contact them?

www.illinoisattorneygeneral.gov

That was a waste of my time...the woman at the AG office told me that they don't quote the laws and they only mediate claims. She gave me the number for the law library!! This is getting frustrating!

That was a waste of my time...the woman at the AG office told me that they don't quote the laws and they only mediate claims. She gave me the number for the law library!! This is getting frustrating!

I'm trying to understand what's gping on with this thread. I stumbled upon it doing a google search for Star Cash Processing-which is the name that a $300 deposit is showing up under in my bank account. i had no idea where this deposit came from, so i searched it and this cam up. Apparently, Eastside Lenders decided to deposit money in my account even though I never esigned the documents.
Now, after reading through this thread I am even more alarmed. I currently have 4 pay day loans open:
checkngo-1000
ameriloan-400
5oofastcash-300
and
multiloan source-300
I just paid the interest on the last 3 for the total amount of $300
and the checkngo loan for 1000 is due to come out in 2 days (the 20th) for a total of 1155.

Am I correct in that I don't have to pay interest fees for all these loans EXCEPT checkngo?
I'm not sure if i understand what i've been reading here, but it sounded like these other 3 companies aren't legal?
Help, I'm very worried about my bank account now!!

I do not want the advance that was deposited to my account. Please withdrawl.

You can dispute the ACH Deposit the same way you would a withdrawl.

exactly right.in fact the can send it back right away.just inform them of that.

I did not authorize loans by StarCashProcssng and CMG Group LLC They made an unathorized deposit into my account and are taking out money every payday.

I Have an acct. thru Ace Check Cashing Which is not set up to get ach deposits but somehow star cash processing got in i didn't even realise it was in there till it was too late noone called me or anything i just checked my acct and there it was

to correct my last entry my acct is set up not to recieve ach deposits

Can someone call me to discuss loan arranements

8562412987
Thx

is there a number to reach StarCashprocssng at? I can't even locate their website..
Thank you

i got a loan automatically posted in my account by star cash processing and i was wondering what is gonna happen next...i was unaware that i had even been accepted for this loan and dont know if they are gonna take the money i owe back out or what i need to do....help

i have 8888055478 but they keep saying they are closed..............(pulling my hair out) dont know what to do...have they taken money from you?

i live in the state of idaho i recently took a look on my checking account to fine someone had put monies in to my account that i did not authorize upon reading material on star cash processing i found out that this company or so called company is being investigated by the attorney generals office and better bussiness bureau i have no idea how they even got my information.

ps. as to the above anyone having this happen needs to contact better business berau and find out what the sam hill is going on with our private information and how they obtained it feel violated here in the great state of idaho we will not set by and be ripped off.