Payday loan Help

Click the link below to read your payday loan laws. Keep in mind that payday lenders must be licensed in the state of KY to lend legally to KY state residents. None of yours are except the store front.
http://www.paydayloaninfo.org/state_detail.cfm?id=KY

Cash Express is a member of the cfsa (click the link below)
http://www.cfsa.net/MemberList.aspx
This means you are eligible for the EPP, click the link below and read number 11 to learn about the EPP.
http://www.cfsa.net/industry_best_practices.html
Take care of your legal lender first. CLICK HERE to find out how to deal with illegal lenders.

ok, I need to contact the storefront and arrange payments. Then what? Do I contact the lenders and ask tell them they are not legal in KY? Do I send a cease contact letter too? I don't want my employer contacted? They only have my direct desk phone number but I'm sure they can get the main number easily enough. I had contacted a debt consolidation for payday loans but they are taking most all of the money I would have sent them it sounded like. thank you for all your help so far.

If you will read through the link I gave you about how to deal with illegal lenders it should answer all of your questions, just follow it step by atep and you should be alright.

Can you give me the link to this:
AFTER your account is secure send each pdl (the unlicensed and illegal) an email similar to THIS (please scroll down to locate letter template).
I didn't see it...

[samebox:57e696c6c6="Shazzers"]Here's a letter but I would encourage you to tailor it to your needs. This gives you a general idea, however, some parts may not pertain to you. Make sure you read it over carefully.

Quote:
Date:

Name Of PDL

Your Name
City, State
Account #


After doing research regarding Internet payday loan laws in the State of _______, I have found that your Internet payday loans are actually illegal. I have also found the following laws to be true applying to payday loans in the State of _____ in general:

Your State Information

I hereby revoke any and all ACH authorizations with your company from debiting any of my personal accounts, per Federal law, Regulation E Section 205.10 Preauthorized transfers. I have closed my account with the XXXXXX to protect my interest in this matter, per instructions from The _____ Department of Finance. I also revoke any and all wage assignments I may or may not have signed with your company, I no longer authorize you, your company, or your affiliates to attach any part of my wages or contact my employer for your collection purposes. I have notified my employer about this matter so any attempts to do so on your part will be rejected.

I demand that any contact be made through US Postal mail or email only. I will need everything in writing to keep accurate records of all communication as per instruction from my Attorney General's Office.
I prohibit you or your affiliates to contact me via telephone at my place of employment or my home
telephone number. I also prohibit you from calling my references listed on my loan.

Due to the fact that Internet payday loans must be licensed in the state of ____ to be a legal and binding contract, your company should NOT issue loans to ____ residents at all. I am requesting that you send me your license number which enables you to offer loans to ____ residents.

The legal amount that could have been charged to my loan is the principal amount, even IF your Internet pay day loan were legal anywhere in the U.S.. I am willing to pay the principle amount of the loan only, however, this is only if you provide me with a physical address where I can send payments.

I must also inform you that I will be filing complaints with the Better Business Bureau, the Federal Trade Commission, and the ____ Attorney General's Office.

I expect a response from your company no later than 5 days from the above date regarding this matter. This response may only come via US Postal mail or email. No telephone contact is permitted.

Sincerely,

Your Name
CC:
Better Business Bureau
Ohio Attorney General
Federal Trade Commission[/samebox:57e696c6c6]

Ok, I closed my account. I am getting letters ready. I am going to try to fax them granting I can get all the fax numbers. I am nervous.
Cash Express (storefront) told me today they will file a civil suit. I thought they had payment plans. Anyone have any suggestions there?

did you ask them for an EPP BEFORE you defaulted?

what is an EPP?

No, the check bounced last Friday and when I called they said they would discuss it with me when they rec'd the return check. Now they are saying civil suit.

No, the check bounced last Friday and when I called they said they would discuss it with me when they rec'd the return check. Now they are saying civil suit.

under the cfsa guidelines the EPP has to be requested before the default.

I did ask about payments before the check was deposited. She told me that I signed a sheet saying that I would pay in full with one payment and they do not except payments

Did you specifically ask about an EPP under the CFSA guidelines? Did you speak with the manager? I have dealt with CashExpress before and they have a very high turnover-the only peron in the place who really had a clue was the manager.