MA - Does this make sense as a strategy

I don't know abt MA laws but if PDLs are illegal in your state you are in a good position. So if PDLs are illegal in MA then:
- Paydaymax and discountadvances are both Credit Protection Depot and these are the guys you need to talk to. I had a paydaymax loan which I overpaid and I got a PIF from them in 2 days after faxing and e-mailing them.
- Zip19 is also highly illegal and I personally didnt have any problems with them. Again, maybe because I overpaid the loan. Actually I had that loan so many times that I told them to apply the extra fees to the principle of my last loan.
-Ameriloan acts tough but its not impossible to deal with them
Please let us know what happens with Cash Advance Net...I have a loan with them too

OOOps, I forgot to list the amounts:

1. PayDayMax.com
orig: $800 fees paid -$1266 plus INF fees not paid
2. Discount Advances.com
orig:800 - fees paid: 840
3. Ameriloan.com
orig: $400 fees paid: $630
4. Zip19.com
orig: $1040 paid and reloaned 3x / $3120 per total payment $3900:
current bal: $1320 owed $1320
5. PayCheckToday
orig: $300 fees paid: $ 540
Cash Advance Net
orig: $500 fees paid: $720
6. Pay Day Island
orig: $ 500 fees paid: $750

If you have any physical addresses, I would appreciate getting them.

Thanks wildk -

For your reply. All of these companies are illegal in MA and the cease and desist list. Interesting about Zip19. I did three reloans on $1040. So I doubt if I have any overrage. You mean the parent company is Credit Protection Depot ? When you say you got a PIF from them you mean they just rolled over ? Did they report to the CRA ?

I am just starting but I will update.

Looks like you overpaid all your PDLsexcept for Zip19. However, you say that for 3 x 1040= 3120 you paid 3900$ this means you already have 780$ which you can apply to your current balance. You say your account is closed so you have nothing to worry about. They might give you the option to sent them whatever you owe by western union.
I don't know what you mean by INF fees. But when I dealt with Credit Protection Depot all I did was fax them and e-mail them. And after that I even had the nerve to call and ask what's my account status. They closed my account the same day. My boyfriend had to fax and e-mail and call for 3-4 days but in the end they closed his account too. Never heard from them. Credit Protection Depot is the company that collects for both PaydayMax and Discount Advances. You are also entitled to a refund but I was too happy to get the account closed and didn't push them for a refund.
I wish you the very best of luck. I will try to find the e-mail addresses and fax numbers I used if you want

This is the e-mail address that worked for me: [email]support@creditprotectiondepot.com[/email]
You will find many other e-mail addresses on this website but from all of them just this one worked. Do send your e-mail to the paydaymax and discountadvances addresses too, you can find that on their website. But like I said before once you send your e-mails your access to your account will be blocked and you will start dealing with creditprotectiondepot.

Thanks wildk. With PayDayMax and Discount Advances, what did you say to them and why did you fax and email? I don't want to go overboard and inflame them. Yes, re: Zip- will send them the balance.
The first thing I have to do is get my bank to give me copies of my statements from my old account. I no longer have access to them. I want to be sure that I am calculating correctly. Thanks so much for your help and the email address. I was able to get onto the sites and look at my agreements for the dates and original amount to ensure I know what I am talking about.

ANY payday loans are prohibited in MA. CLICK HERE to find out how to deal with illegal lenders.

I faxed and e-mail paydaymax and discountadvances because in my experience this was a faster way to reach them compared to actually sending the letters via regular mail.
So I adapted to my situation the template letter which you can find everywhere on this website and faxed it every day until I got a response from the PDLs.
I know that everybody else here sent their letter via mail but in my case I discovered everything worked out a lot faster. I even got PIFs the same day after me faxing the CD letter and a refund the next day. I was very lucky.

Quote:

Thanks wildk and Shazzers. I have sent all the letters via email with a receive and read request. I also added my bank manager and the consumer complaint rep at the Division of Banks. I hope I did this right.

In my letter, I cited the Comm of MA regulations re: collections, payday loans and laws which govern under $6k loans fees and interest rates. I also included the void ACH and wage garnishment passage.
Zip19 and PayDay Island are located offshore.

Will update you as responses come in.

PaydayMax
Discount Advances

Update:
I sent the letter to these PDLs to three addresses. In reply to a notice they had sent me; their customersupport @ address; and to [email]support@creditprotectiondepot.com[/email].
With the exception of the customersupport address, all were returned as undeliverable. See below. I am not sure why.

Delivery has failed to these recipients or distribution lists:
[FONT=Tahoma][SIZE=2][COLOR=#000000] [EMAIL="support@creditprotectiondepot.com"]support@creditprotectiondepot.com[/EMAIL]
The recipient's e-mail address was not found in the recipient's e-mail system. Microsoft Exchange will not try to redeliver this message for you. Please check the e-mail address and try resending this message, or provide the following diagnostic text to your system administrator.
[/COLOR][/SIZE][/FONT]

[QUOTE=dummerdumb;498842]PaydayMax
Discount Advances
Update:
I sent the letter to these PDLs to three addresses. In reply to a notice they had sent me; their customersupport @ address; and to [email]support@creditprotectiondepot.com[/email].
With the exception of the customersupport address, all were returned as undeliverable. See below. I am not sure why.
Delivery has failed to these recipients or distribution lists:
[FONT=Tahoma][SIZE=2][COLOR=#000000] [EMAIL="support@creditprotectiondepot.com"]support@creditprotectiondepot.com[/EMAIL]
The recipient's e-mail address was not found in the recipient's e-mail system. Microsoft Exchange will not try to redeliver this message for you. Please check the e-mail address and try resending this message, or provide the following diagnostic text to your system administrator.
[/COLOR][/SIZE][/FONT][/QUOTE]


Try sending them with web mail, it doesn't surprise me that it was undelivered, illegal lenders deactivate their email addresses.

Thank you Shazzers. I did try sending it to a number of email addresses and no matter it bounces back.

I got this email from them, when they discovered my closed account and before I sent my email to PayDayMax and Discount Advances. The address from which this came, also bounced back. Both of these companies have c&d orders from the Division of Banking in my state. AND, all pdl are illegal.

XXXXXX
Credit Protection Depot
1-866-645-1661

CLOSED ACCOUNT WARNING

<<<>>
We have received information from your bank that you have closed the account, which you authorized to be debited in order to repay your legally binding loan obligation. We consider this to be a refusal to repay your debt and will immediately initiate action to protect our interest. We must require that you render your payment in the amount of $756.15 via western union quick collect or moneygram immediately. This payment reflects your balance as of November 19th 2009.

We may also initiate other action, which may include, but not be limited to, obtaining legal representation, (which would create additional charges to you), if we do determine that a request be made for service or a court appearance for a possible judgment be issued against you for the repayment of this legally binding debt.

Depending on the circumstances surrounding how you obtained the loan, we may also initiate internal investigation to ensure all information submitted on the loan application was accurate and not done fraudulently in order to attempt to obtain a loan under false pretenses.

You need to go to Western Union and get the BLUE QUICK COLLECT FORM (or go to www.westernunion.com and choose the quick collection option)

1. COMPANY NAME: CREDIT PROTECTION DEPOT
2. CODE CITY: OFFER (ONE WORD NO SPACES).
3. STATE: NEVADA
4. ACCOUNT #: Your Social Security Number
5. The reference # is Your Telephone Number


You can also use your debit card or various charge cards at www.westernunion.com

OR you can go to Moneygram and get the BLUE EXPRESSPAYMENT FORM
1. The Company name is: CPD-OFFER
2. The Receive Code is: 4243
3. The City is: Las Vegas
4. The State is: Nevada
5. The Account Number is: <<>>>


If you are unable to pay $<>> place the account on hold.

If this account is referred for further review and action to our outside firm for additional collection efforts, it will commence activity on the account to be done to the fullest extent of the law in order to protect our interest in this matter. At that point, you will be responsible for all additional fees associated with costs involved for the collection of this debt.

Please call us immediately with the Control Number of your wire in order to update your account and to avoid other action and charges to you.

I would highly suggest you call 1-866-645-1661 to resolve this matter immediately. This is the only way for you to resolve this very serious situation, which you have initiated. Your failure to do so may result in the above-mentioned action being taken

Thank you,

Credit Protection Depot




**Please Do Not Reply To This Email**
You can contact us at our toll free number 1-866-645-1661.

i would just resend your letter. that email is full of empty threats and you have over-paid them anyway. did you file reports against them? if not, do so right away and include that letter.

Thanks bea2ls, however, none of their email addresses are working.
[EMAIL="cpdcustomerservice@creditprotectiondepot.com"]cpdcustomerservice@creditprotectiondepot.com[/EMAIL]
[email]customerservice@creditprotectiondepot.com[/email]


I have sent to the following addresses and get these:

This is an automatically generated Delivery Status Notification.

Delivery to the following recipients is still underway after 6.0 hour(s):

* [email]support@discountadvances.com[/email]

Will keep trying and contact you if the message can't be delivered permanently.
XXXXXXXXXXXXXXXXXXXXXX
This is an automatically generated Delivery Status Notification.

Delivery to the following recipients was aborted after 1 second(s):

* [email]support@paydaymax.com[/email]
XXXXXXXXXXXXXXXXXXXXXXXX

I went back on to their sites and they have removed the email addresses under Contact Us and only have the telephone contact #s.

Customer Service:
1-877-937-3729
Fax Number:
1-877-729-9682



I now have to figure out how to get the letter to them.





but interestingly enough, the paydaymax one did not return.

Re: PayDayMax and Discount Advances.
I did a search here and found that some had success with this address. I also used a subject line: " Important Loan information"

[email]support@creditprotectiondepot.com[/email]

Will let you know.

I tried [EMAIL="support@creditprotectiondepot.com"]support@creditprotectiondepot.com[/EMAIL] and it didn't work for me.

All of the addresses for Credit Protection Depot, Discount Advances and PayDayMax have bounced back. Should I now call to get a physical address ? Should I just file a complaint with the Attorney General. How in heck can I invoke my rights, if I can't send them the letter ? Fax. Dang, I don't have a fax service from home. Any suggestions?

you can check the BBB for physical addresses, they usally have them.
if you need to fax them do not use your company's fax machine, go to staples or a store like that to fax them (it's like a quater a page, not expensive at all).
file your reports asap. you are on the right track :)

I will go to Staples, that is a great suggestion. I was about to sign up for a on-line fax service. Thanks again Bea.

keep us posted :)

Decided to get an online faxing service. The Staples cost would be more than the one-month plus one-month free cost of the on-line faxing service.

I use MyFax. I can fax up to 100 pages/month and receive 200 pages/per month for $10 a month. I rarely send or receive faxes, so it works for me.

did it?? i am so sorry! i feel bad because I recommended it :(
i know my local print shop does it for 25 cents a page, i assumed staples would have been the same.. i'm sorry.

bea21s, no problem. I just called them and got the pricing. It is much easier to do it from here. I got eFax and sent all my letters out. Hope those fax numbers are good. I also sent the PayMax and Discount Advances to both the # on their site and the Credit Protection Depot.

dummerdumb

how is this all going? I am just starting to dealing with them now, tomorrow they will not be able to get the money out of my account, it has been closed.

I have:

Zip19.com
paydaymax
UnitedCashloans

I have had them for a long long time. I faxed them all letters and emailed them all. Also notified them they can't do wage assignment.

Zip I owe $1400 plus fees is 1680, but I have borrowed from them so many times.

MA law states:

Chapter 140, Section 96, an entity engaging in small loans for amounts of $6,000 or less cannot charge an annual percentage rate of more than 23 percent or fees greater than $20.

so I told them all the fees should be applied to my principal balance, I will let u know what happens.

Please keep me posted how it is going with you.

Thanks

Tim

Hi Tim -

Will keep you posted. Zip19 stopped calling. I am getting some calls on both cell and fax that are anonymous and I suspect it may be one of the pdl.

I will keep you posted. BTW, the Division of Banking requires that you download and mail their complaint form. I am doing that today. I am kind of suffocating from the fear. Haven't checked my email yet. Will do later.

Hi,

good keep me posted. I have not heard nothing today yet, I dont like the employer thing and wage assignment. I did all I can sent my letters to them to revoke and also told my employer payroll and my boss, which really stinks.

Zip seems like it would be the hardest one to deal with, I owe the most, but we will see I guess. I want to work with them and pay them off but at easier terms.

Also I did talk to a payday consolidation company and they basically charge $200 fee to sign up and $90 a month(30 each PDL loan) I think is crazy. Since the PDL's can still call me till they have enough money to pay them. So I figure my best best is to work with the PDL's and get these gone sooner or later.

Hope all goes well for both of us, this is a painful process, but my other bills just getting farther and farther behind. So I had to put a stop to it.

Tim

zip19 locked me out of the website. I gave my payroll the letter today. So now I guess and wait to hear from them.

The nightmare begins. I stood my ground, I borrowed $400 from paydaymax and have paid about $775 in fees, I told them to apply that according to MA laws, which state they can not charge more than 23%, so minus the fees, you owe me a refund. They said the manager is reviewing my faxes and will get back to me. I said ok, thanks. I have been sending Faxes daily to them and Zip19.

Someone called my work today, I said hi this is Tim and they said sorry wrong number. Bull, I think it was Zip.

I called paydaymax which is that credit depot and asked if I will get a letter paid in full and about there email address. They said you told us to not send any further communication. I said by phone. Will you be sending me a letter telling me this is PIF. She said no, we will no longer be communicating with you.

Does this mean it is done?

Quote:

Just received a call from somebody, wouldnt say, but from out of the country for sure. Stating we are recording this in the Courts of MA, we sent you legal documents for fraud. I am like ok for one you are charging interest way and above what is legal in MA. I have already paid back above and beyond what I should. He said they send me court papers and will see me in court. I am like here is my lawyers number, oh no sir you need to call your lawyer and have them call us.

I dont think so, I stated the laws here and told them to have a good day

I hung up.

breath holding is off, now that this other company called from Instant cash representing.

dumberdumb, i hope things are going good for you. I have not heard from you

Heard from Zip today, this is what they wrote, I have already paid over $3300 in fees, do I take the payment plan or do I see if they offer something else?

December 14, 2009
Massachusetts USA
Dear XXXXXXX,
We are in receipt of your correspondence dated November 27, November 29, December 1 and December 4,
2009. Please be advised that we have ceased all collection activities and all communication by telephone
while this account is under investigation.
Please reference the attached copy of your original loan agreement which outlines the fees associated
with your loan. If you take a moment to review the attached loan agreement, you will see that Northway
Financial Corporation Ltd. is a Financial Institution licensed and regulated in accordance with the Financial
Services Directive of the European Union (EU). As such, the laws of the Republic of Malta (member State of the
European Union), not the state of Massachusetts applies to its terms. We provided you with this notice so that
you would understand the terms of your loan.
We are prepared to offer a repayment arrangement in the amount of five (5) equal payments of $280.00 as
payment in full of your outstanding loan. This represents the $1400.00 loan principle on your outstanding loan.
Once payment has been received, we will consider this account paid in full with no further obligation.
The five (5) equal payments of $280.00 can be made via Western Union or Money Gram, and should be
received by April 15, 2010. We have included the payment information below for your reference.
MoneyGram Express Payment Western Union Quick Collect
Receive Code 4476 Code City NFUSA
Payable to NORTHWAY FINANCIAL Code State DE
Account 32325539 Payable to Northway Financial
City (Blank) Account 32325539
State (Blank)
Alternatively, you may send your payment via mail. Please address all checks to Northway Financial
Corporation Ltd. and forward all checks to our North American mail processor at:
200-15225 104 Avenue
Surrey, BC, Canada, V3R 6YB
Should you have any further questions, please feel free to contact our office with the information provided
below.
Sincerely:
Customer Support Department
Fax: 1-866-772-4556
Email: [email]supportresponse@zip19.com[/email]

So I heard today from Zip19, they made an offer of 280 for 5 payments. I have already paid them $3300 in fees over the last month. Should I do this or wait for another offer?

Letter from them:

December 14, 2009
XXXX XXXXX
XXXXX
XXXXX, Massachusetts XXXXX USA

Dear XXXXXX XXXXXX,
We are in receipt of your correspondence dated November 27, November 29, December 1 and December 4,
2009. Please be advised that we have ceased all collection activities and all communication by telephone
while this account is under investigation.
Please reference the attached copy of your original loan agreement which outlines the fees associated
with your loan. If you take a moment to review the attached loan agreement, you will see that Northway
Financial Corporation Ltd. is a Financial Institution licensed and regulated in accordance with the Financial
Services Directive of the European Union (EU). As such, the laws of the Republic of Malta (member State of the
European Union), not the state of Massachusetts applies to its terms. We provided you with this notice so that
you would understand the terms of your loan.
We are prepared to offer a repayment arrangement in the amount of five (5) equal payments of $280.00 as
payment in full of your outstanding loan. This represents the $1400.00 loan principle on your outstanding loan.
Once payment has been received, we will consider this account paid in full with no further obligation.
The five (5) equal payments of $280.00 can be made via Western Union or Money Gram, and should be
received by April 15, 2010. We have included the payment information below for your reference.
MoneyGram Express Payment Western Union Quick Collect
Receive Code 4476 Code City NFUSA
Payable to NORTHWAY FINANCIAL Code State DE
Account XXXXXXX Payable to Northway Financial
City (Blank) Account XXXXX
State (Blank)
Alternatively, you may send your payment via mail. Please address all checks to Northway Financial
Corporation Ltd. and forward all checks to our North American mail processor at:
200-15225 104 Avenue
Surrey, BC, Canada, V3R 6YB
Should you have any further questions, please feel free to contact our office with the information provided
below.
Sincerely:
Customer Support Department
Fax: 1-866-772-4556
Email: [email]supportresponse@zip19.com[/email]