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MyCashNow/CPD - Couple of questions.

Date: Thu, 03/17/2011 - 01:13

Submitted by New2011
on Thu, 03/17/2011 - 01:13

Posts: 14 Credits: [Donate]

Total Replies: 9


I'm wondering if anyone has a recent "good" address for this company for creditor notice for BK? According to the Nevada State Wedsite, Silver Shield is listed as their registered agent and the filing is still valid.

I have a loan with them that I've just been renewing (for 6 months, so you can imagine what has been paid so far). I'm in NJ. I know our laws here say they are considered prohibited. Is this actually the same as "illegal?" How does interest rate max play a roll (if it does?).

Any information would be extremely appreciated.


As you're based at NJ, you'll follow the laws of that state. As payday loans are prohibited in NJ, it means that it is illegal for MyCashNow to operate in your state. I couldn't locate their address but the phone numbers mentioned in their official website are:
For Customer Service
1-866-398-CASH
1-866-398-2274


lrhall41

Submitted by on Thu, 03/17/2011 - 03:24

( Posts: | Credits: )


Thanks for confirming that prohibited and illegal are one and the same. I've definitely paid back the principal (and then some). Looking at the fees and interest paid to them over the years is really an eye opener. But, that's all over and done with.

Quote:


The address that I found for them on this website is
PO BOX 229
Margaritaville, NY 12455


ReeRee - Where do you see this? The only thing that remotely resembles an address for them that I find on their website is a very small link on the bottom that lists a Canada address and in the actual loan agreement document - lists a Grenada address.


lrhall41

Submitted by New2011 on Thu, 03/17/2011 - 08:49

( Posts: 14 | Credits: )


I did a search on the site on the upper right side of the screen and follow that...here is the link

www.debtconsolidationcare.com/forums/cashnow.html
[COLOR=#003399][/COLOR]
I've been emailing them for a week and it comes back to me no matter what email address I use CPD or Mycashnow...I've just mailed a letter to them, but they are sending extremely nasty letters...and I only owed $60 on a $500 loan that I overpaid by $319. already...i just want to send them the stupid $60 to get them off my back, but they won't acknowledge my letters and i won't take their calls...oh well, that's their problem...no longer mine!


lrhall41

Submitted by reeree313 on Thu, 03/17/2011 - 09:35

( Posts: 14 | Credits: )


I have overpaid but I cannot get them to acknowledge me except by phone and email where there is no email address I can send back to. i've emailed them to every email address I could find (and there were plenty) and they ALL come back...PAYDAYMAX also...and I will not take their phone calls, I just don't want to speak to them. I sent a letter to them USPS but so far no response. I know I've overpaid and I'm owed a refund, but at this point I'll settle for a PIF. I've gotten two PIFs from other lenders and have overpaid them (one by $1081 and the other by $800) but they won't issue a refund. I'm not sure how to go about getting one after the PIF...?


lrhall41

Submitted by reeree313 on Fri, 03/18/2011 - 06:38

( Posts: 14 | Credits: )


well then i would consider the matter closed if i were you.it just struck me that you were gonna pay them more when they owe you.if you filed the complaints i would again consider the matter closed yourself.the loan was illegal and you overpaid.it doesn't really matter that they won't respond to emails,or reg mail then as you were ignoring PAYDAYMAX keep on doing that.consider it an unofficial PIF.


lrhall41

Submitted by paulmergel on Fri, 03/18/2011 - 06:46

( Posts: 15514 | Credits: )