Tribal /offshore Lenders Follow-up Question

With Great Plains and Plain Green have you already paid back principal? How much borrowed and how much paid? Have you used the letter in this link? it will make it easier - you just change to your circumstances.. http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html

You need to close the account before you send the ACH revocation letter/email. All banks operate differently but mine allowed me to open a new account and they took a list of any authorized transactions/checks pertaining to the old account and they blocked everything else.
If you don't close the account or make arrangements with your bank to block the ACH activity they'll do whatever they can g to get money out of your account.
My bank was probably an exception on how they operate so the safest bet is to close the account. Ask to speak with a personal banker or manager.....Not just a customer service rep.

You need to close the account before you send the ACH revocation letter/email.

Don't let any one tell you that you were stupid - we have all been there and understand you did what you thought you needed to to pay your bills.. Plain Green should be fairly easy if you use the template letter in the link I sent you above - tell them that in place of a PIF on your account you will forget that they owe you a refund of $577.00.. Great Plains may tell you that they will not apply the two loans together, keep pressing them eventually they will give in for principal only on the remaining balance - so both loans were for $400 .. I would tell them exactly what you said - you are willing to pay the remaining $81.00 and that is all..

I would email right from their customer service link on their site - you get a response right away telling that they got it that way...

Here to help in any way - keep us posted - if you need to see copies of what I sent to them let me know..

I should have been more clear about that. I was referring to having the ACH revocations to the bank so that's already on record when you close the account. Sorry about that.

You need to do at the same time basically. Have your letters ready to go, take them into the bank and shut the account down and then mail or send immediately!! Emailing is the best if you can they get right away and normally you get at least a generic email back saying they got it if you sent it through their customer service lines.

Exactly what HelpinAz said!! Follow the link, espcially Ohiogal!!! I had loans with both Great Plains and Plain Green. Contact your states Attorney General too!

I got great plains to agree to the remaining principle only. They never fought me on it.

So far, mostly "so good" dealing with these companies . I'm posting my numbers since I didn't earlier.

1. Plain Green Borrowed $1000 Paid $1577. PIF Received

2. Great Plains Borrowed $400 Paid "0" and they won't budge on applying $320 overpayment on previous loan. For now I'm probably going to pay the $400 principal on the second loan.

3. MobiLoans Borrowed a total of $800 and have paid $759. They will settle for the balance of the principal which I will pay.

4. CashJar Borrowed $600 Paid $1250 PIF Received

5. 500FashCash Borrowed $500 Paid $1248 No response yet

6. Ameriloan Borrowed $550 Paid $1420 No response yet

7. MyCashNow Borrowed $1380 Paid $997 Agreed to balance of principal

I saved the worst for last, in terms of dollar amount.
8. Magnum Cash Advance- In 2012 I borrowed a total of $6884 and paid back a whopping $14065 before I stopped the madness. PIF received

The above is how bad it can get when you';re desperate and start the never-ending cycle of PDL/line of credit/installment loans. I've been borrowing from Magnum for three years so you can see the amounts are staggering. All of the above is a prime example of what NOT to get yourself into.

In all cases of an overpayment I have requested refunds, but I'll never see anything I'm sure. Everyone that has supplied a PIF has of course included the usual BS about sovereignty, their laws trumping everything else , etc. that we all know isn't true.

Hopefully I hear from the last two soon.

Thanks again for the help and advice.

Glad to here you are getting some good responses. Keep those PIF's in a safe place in case needed for future reference.

while I haven't received any direct communications from them, My 500FastCash.com account now says: "Congratulations, your account is Paid in Full as of 2-23-2013."

The funny part is under that it says "Click here to borrow additional funds" Do they really think I'm that stupid?

Still haven't heard anything from AmeriLoan.

Received an email from SignMyLoan.net this morning advising:
[ACCOUNT STATUS



Dear XXXXXXXXX,

Thank you for being a valued customer at SIGNmyloan.net.

Per your request, this email serves as notification that your account with us has been satisfied in full.]

I never really checked to see how much I overpaid them but I may just to satisfy my curiousity. I've had multiple loans with them.

Just happy to have the first one "off the books."

Great News!! Print and keep in a safe place..

What soaploady said. The links in her post were very helpful to me as well as some other advice from reading other posts in this forum.
I was scared to talk with my bank as well but they were very helpful in allowing me to open a new account and only paying the "leftover" items that hadn't cleared yet.
Tribal/offshore/foreign payday/line of credit/cash advance lenders are all illegal. As the informaton says, you are only morally obligated to pay the original principal of what you borrowed. If fees/rollover have already exceeded what you have paid them, tell them how much you have paid and that you want a paid in full letter or email. If you haven't paid an amount equal to the principal yet then suggest a payment plan you are comfortable with to pay the rest of the principal and nothing more.

You'll find this explained pretty well in the links in the previous post.
Don't let them scare or you or try to intimidate you. They're basing all their threats on thinking you don't know the loans are illegal and they can't legally collect on them or enforce the contract.
I'm not too far into this myself yet but this forum has been a wealth of help.

Great News on 500 FastCash - Print and keep in a safe place.. And yes they are certainly hoping that you are willing to re-borrow - but what does that say about them since now you know that even if you did you only owe principal.. LOL

....Is going through bank statements and actually adding up everything I paid to these various scammers. I just finished going through stuff for 500FastCash. So far, with rollovers, etc, I had paid them over $1200 for the original $500. I almost afraid to finish adding things up......But I will.
Thanks for your help with Plain Green.

Do your math concerning the rollovers and push for those refunds. You may get lucky. Keep us posted.

Interesting...Not sure what this mean but I am no longer able to log into my Plain Green account. It says no account exists with my email address. I haven't heard anything else from them since emailing over the weekend.

That means that they have gotten your email.. I had the same thing.. you may have to resend an email to them - to get a response I would give a few more days. You can resend to the one your originally sent to.. should be like - support@plaingreenloans.com - I have some others for them if you need them let me know..

NP glad to help - keep us posted - I stopped adding it all up - just glad it is almost over - a few more legal ones to wipe out and will be done..

nzim...Tribal loans are ILLEGAL and pretty easy to deal with. FOllow the link in my signature line!!