There must be something I can do...

Have you tried to request a PIF from them? I would, because of the Payday OK situation. The laws did not just change in Ohio, so the payday OK loan was still illegal since they weren't licenesd. I would give it a try, they are usually fairly easy to work with.

Thanks Goudah, so you mean I should ask PayDay Ok for a refund? Even though techinally that loan is paid off? I never thought of thought, do you happen to have a sample letter for this type of thing? Thanks!

I'd ask Payday OK for a refund, and ask Payday One to mark you PIF on the current loan since you've already paid so much in fees to them.

ok this is goingin to sound silly, but how do I figure out how much of a refund they would owe me? I added up all payments--I borrowed 500.00 2xs and paid a whopping total of 2742.52!! OMG, so how much would they need to pay me back?

What state are you in again?

ohio

Okay, I remember, Ohio! Give me a sec . . .

Each $500 loan should've been paid back at $577.50. That means you legally would've paid $1155.00 on the two loans.

Does the two loans include the one that was moved to Payday One? Did either company ever make you pay off the loan then reborrow, or were they all straight rollovers, only paying the fee?

Let me see.. I first borrowed 500 and paid 2029.86. This was payments, rollovers re-fi's and includes 517.00 which I managed to PIF one time. Then I borrowed another 500 and paid 335.00, then PayDay 1 paid them 472.50, which paid them off again. So now I owe PayDay 1 595.00 which is the orgianl 500.00, the fee and a NSF fee. I hope this is making sense.

So on the first loan you overpaid by $1,452.36.

The second loan you overpaid by $210.00.

I would absolutly try for a refund on the first loan, and a to get them to combine the payments on the second loan to each company to make that one PIF.

I'm drafting a letter right now. Should I send the letter. I'll be back for "letter feedback" Thanks

goudah is right, this is the same thing that happened to me, I didn't get a refund but I did get a PIF letter. It took them a long time, but I continued to email them 8 - 10 times a day demanding a PIF letter. At first I only received emails from them stating the account was being reviewed, FINALLY I received a PIF email. And I should frame it! lol

From PayDay1?

Lren, I had the same problem with them and I emailed them a letter stating that I had overpaid them along with my state laws and I requested a refund and they went ahead and sent me a $1000 refund and my accounts were marked PIF, make sure you email them like 3-4 times a day and I also suggest that you send the letter certified mail. They will mark you PIF and probably send you a refund, they are very easy to deal with. Good Luck and please keep us posted.

Lren - Yes, Shazzers has the same situation as you if I remember correctly. The loan was transferred from Payday Ok to Payday One.

Kate - You live in another state, and the situation is a bit different. In this situation, the transferred the illegal loan to a legally operating company, making it a bit more murky.

OH Kathelyn That's great. Did you switch to PayDay1 also?

sorry Goudah, I didn't notice your response when I wrote back to Katelyn.

Yes Lren0318 , as goudah stated it was a bit murky, the reason it was transferred from PayDayOK to PayDayOne is because PaydayOK was NOT licensed in Ohio but PaydayOne was. But that didn't matter in my situation because the only payments I made was to PaydayOK, I paid the principal and then some, but PaydayOne insisted I owed them $595.00, actually it ended up being over $600.00 when everything was said and done, because they charged me transfer fees, interests and only God knows what else to bring the balance over $600.00. Thank God I found this site before I paid them another penny, although they did manage to deduct another $75.00 from my account before I could close it out. I could have asked for a refund but I was just happy to get a PIF letter at that point. The key is knowing your rights and the laws, which is the tools this site gave to me. :)

She is in Florida . . . . They only played this trick in Ohio . . .

Shazzers, had you paid anything to PayDay1? So PayDay1 also gave you a PIF based on what you had paid OK? Of course I'd love a refund, but a PIF from PAyDay1 would work too at this point, just to be done with this nightmare!

I had not made any payments to PaydayOne, only to Payday OK. I paid them off, but they kept adding interest, and other fees, plus they rolled it over several times, which I found out later was illegal in Ohio. They received every cent I owed to them, plus more.

And yes, I did receive a PIF from PaydayOne, they are the same company as PaydayOK.

goudah2424
Quote:

I am in Ohio, I think Goudah is referring to Katelyn who chimed in earlier.

I was confused, which isn't anything unusual. lol!

LOl, I'm always confused too! Looks like we found more in common:)

Yeah, I meant Kate is in Florida . . . . Sorry for the confusion! :oops:

UPDATE: Sent both companies letters a few times since last week. PayDay1 responded today, letting me know they will not debit my account, but they told me I still owed the money. PayDay Ok has not respond!! I'm sending another letter. I'm not going down without a FIGHT:)