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I am overwhelmed with PDL's
I am in the process of closing my bank account as the fees are going to bankrupt me.

Please help me get out of this mess. Don't even now where to start.

I have the following:

www.cashnetusa.com
Loan amount $200 issued 2/2/09
Due date 2/11/09
amount due $235.30

Ameriloan
Loan Ammount $300.00 issued 11/20/08
paid 90.00 12/3/08
PAID 90.00 12/17/08
PAID 90.00 12/31/08
PAID 90.00 1/20/09 AND 30.00 RETURNED CHECK FEE 1/20/09
PAID 90.00 1/28/09
and they tried to hit my account on 1/29 for $50.00 was returned by my bank
Current Balance due $375.00
website shows account is in collection

American Consumer Credit
8664439968 FUNDING
Loan amount 300.00 issued 1/30/09
Believe it originated through
cashdude.com
Can't find contract, Don't now how much I owe now.

NORTHWAY FINANCIAL
CASHTRANSFER CENTER
LOAN AMOUNT 600.00 ISSUED 1/28/09
CURRENT BALANCE DUE $762.00
DUE ON 2/11


INSTANT CASH DEBITS
mte financial
LOAN AMOUNT 300.00 ISSUED 10/10
paid 90.00 10/22/08
paid 90.00 11/5/08
paid 90.00 11/19/08
paid 90.00 12/17/08
paid 90.00 12/31/08
paid 90.00 1/28/09
paid 300.00 1/28/08
current status collection
And they tried to hit my checking acount on
1/29 for another 90.00 and another 30.00




Beware of Cash Tansfer Centers. They will send a wage assignment to your employer. You must send them a letter revoking it and give a copy to you payroll dept. I have posted a link below to Califonias laws regarding Payday loans. You have already paid off some of them legally. Cashnetusa is legal in your state so you must pay them off.
http://www.p aydayloaninfo.org/state_detail.cfm?id=CA

Sub: #1 posted on Thu, 02/05/2009 - 01:33

Frogpatch Frogpatch
Moderators Cum Industry Expert
(Posts: 5381 | Credits: )

Ameriloan is illegal. You have already paid the principle on that loan.

Instant Cash Debits / MTE is illegal. You have already paid the principle on that loan.

You need to contact both of those PDLs and tell them they are illegal according to the laws of your state and you have paid the loan and at this time they owe you a refund.

Here is a sample template you can use. Just re-type and tailor it to your information.



You can email, fax or send certified USPS or all three. I only emailed mine.

Make sure your account is closed first BEFORE you send the letter.

Also make sure you file complaints with your AG.

Sub: #2 posted on Thu, 02/05/2009 - 01:50

nohiogal nohiogal

(Posts: 2582 | Credits: )

I have to disagree with nobiogal on one point. Certified mail is the only way to go with most lenders. My experience is that they ignore anything else. Cashnetusa will ignore everything including certified letters. They are relentless and will turn you over to collections quickly. They would not even respond to my request to set up a payment plan.

Sub: #3 posted on Thu, 02/05/2009 - 01:57

Frogpatch Frogpatch
Moderators Cum Industry Expert
(Posts: 5381 | Credits: )

I only had one illegal lender, Magnum, and they responded to my email so you are right that other illegals may not respond to emails.

Sub: #4 posted on Thu, 02/05/2009 - 02:02

nohiogal nohiogal

(Posts: 2582 | Credits: )

Thank you all, for your help!! Glad I'm not the only idiot out there.

Should I notify Cashnet, CashTransfers center and American Consumer Credit,that they won't be able to process the payments coming due on the 11th. And if so, should I wait until my Bank account is closed, before telling them.

It's not like there are funds in the account to cover any payments anyways, but I don't want to incur anymore bank NSF fees. (I've already paid out well in excess of $300.00 in Bank Fees, due to ACH payments being refused)

coming due on the 11th of this month, Cashnet, CashTransfers center and American Consumer Credit?

Sub: #5 posted on Thu, 02/05/2009 - 12:03

sdolan1 sdolan1

(Posts: 26 | Credits: )

I think American Consumer Credit aka Cash Spot is also illegal.

I don't find them on the CA license database.

What I would do is close the account. Then I would contact the legal ones and ask for arrangments. Don't be surprised if they won't make them then. Most won't until you default. After you default then contact them again or they will most likely contact you.

Sub: #6 posted on Thu, 02/05/2009 - 12:11

nohiogal nohiogal

(Posts: 2582 | Credits: )

Again thank you so much for your help. I will wait until my account is closed then immediately send out all letters you suggested.

Sub: #7 posted on Thu, 02/05/2009 - 12:36

sdolan1 sdolan1

(Posts: 26 | Credits: )

You quite welcome and keep us posted. Ask more questions if you need to. :)

Sub: #8 posted on Thu, 02/05/2009 - 12:48

nohiogal nohiogal

(Posts: 2582 | Credits: )

I'm experiencing the same issues.. several loans eating away my paycheck.

Sub: #9 posted on Thu, 02/05/2009 - 18:22

Unregistered


List the following information so we can help you.
-Names of each pdl company.
-Whether they are store front or Internet.
-How much you borrowed.
-How much you paid so far.
-The state in which you reside.
I'm sorry to tell you this, but there is only one sure way to stop the withdrawals, and that is to close your account. If that isn't an option, then tell the bank to put a hard debit block on your account. Before you close your account, read this information at the link below. http://www.debtconsolidationcare.com/paydayloan/close-acc ount.html

Please do not let any of these pdl's know you are going to close your account, until AFTER you have done it!

Sub: #10 posted on Thu, 02/05/2009 - 19:13

Shazzers Shazzers
Moderators Cum Industry Expert
(Posts: 17341 | Credits: )

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