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Thank You - A MUST READ FOR ANYONE WITH MULTIPLE PAYDAY LOANS

Submitted by on Thu, 09/27/2012 - 09:23
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I wanted to post to say thank you for the knowledge and POWER to get out of these payday loans. I simply copied the letter you guys suggested and just sent them off. some companies tried to strong arm me but I held firm and only paid back the principal of what was left, and even got a $450 refund from Loan Shop (they were the easiest to deal with) Ameriloan, United Cash Loans, and Magnum just simply stopped debiting and when I log into my account it says thank you for your business, if you have any questions please feel free to call us.
I know I can never be out of the woods, so I will be closing my account and opening a new one in the next week or so.
ANYONE who is in trouble and is reading this. It took me 6 weeks to get rid of 7 PAYDAY loans and saved me literally thousands of dollars on accumulating interest. Thank you so much for this community, you didnt physically save my life but the burden these debts were taking on me were affecting my mood and life style. I am no longer paying $2,000 a month just on interest.
Thanks so much and I hope everyone gets out of the troubles.
AC:D:lol::sun:


Hi, this webite has been so helpful but I am still unable to find a few solid answers. I live in Oklahoma do any of the following have licenses in my state?
Fast Efunds
Integrity Pay Day Loans
Plain Green Loans
OneClickCash
myquickfunds
Please help, I have gotten myself in a horrible mess


Submitted by on Tue, 04/02/2013 - 09:58

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I have three payday loans what letter did you use?


Submitted by on Tue, 04/02/2013 - 12:50

( Posts: 202330 | Credits: )


I too found that they were the easiest to deal with. I didn't get a refund from any of the other lenders that I have used. I was able to get letters of PIF from some lenders but with others I just gave up and put them on my BK filing. =)


Submitted by eeyorelover79 on Mon, 01/21/2013 - 12:34

eeyorelover79

( Posts: 84 | Credits: )


I have mutiple on-line payday loans that I believe are illegal in Ohio. I have paid a huge amount of fees. These people are ruthless. I am following the advice on this forum that I have seen and I think I might be getting some where ! Thanks for the great advice !!


Submitted by on Tue, 01/08/2013 - 08:33

( Posts: 202330 | Credits: )


I have a loan with usawebcash (genesis financial) that I placed a stop payment on. My loan transaction currently says "waive loan" whereas the ones I paid on says different. What does that mean? I received an email stating that my loan was paid off and payment method was "wl" whereas the other ones said "ach".


Submitted by BlueSea on Tue, 03/05/2013 - 17:47

BlueSea

( Posts: 4 | Credits: )


Have multiple PDL, bith internet and local. I have determined that none of the internet co. are licensed in TN. I will follower forum advise and deal with these. My question is, "is there anyway to deal with local companies?" I have three checks out to local companies: Cash now- $470.00; Check-into-Cash- $345.00; and Advance Now- $345.00.


Submitted by Jholloway on Sun, 03/03/2013 - 10:26

Jholloway

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Very interested in the letter wich involves only paying down the principal. please let me know where i can copy this letter!!! PLEASE!!!


Submitted by on Thu, 04/04/2013 - 16:12

( Posts: 202330 | Credits: )


I'm wondering of this really works.l hope that it does, so I'm going to give it a try.


Submitted by on Tue, 01/22/2013 - 06:40

( Posts: 202330 | Credits: )


I have 3 pdl all for 300 and online lenders. They are paid biweekly from 7/12. I want to stop these guys from debit my usaa checking account. Where can I find the form and letter template to send to them. The lenders are:

GRENTERPRISES12 DEBITS 300 and 90.31 to renew
WTJ CAPITAL, LLC 8666772861 300 and 90 to renew
VIP CASH #4 PAYMENT 300 and 90.48 to renew


Thanks in advance...


Submitted by Kervin Rene on Sat, 04/06/2013 - 16:42

Kervin Rene

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Hi Everyone!

I am trying to post a big thank you with responses I got and am getting that my post has been marked "spam" and needs a moderator's approval.

Will it be available or do I need to repost it?


Submitted by JBUTLER on Sat, 01/26/2013 - 07:14

JBUTLER

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You can now pay your illegal loans (if you still owe them a balance) at your convenience, which should allow you to get on an EPP with your legal lenders.


Submitted by SOAPLADY on Sun, 03/03/2013 - 16:29

SOAPLADY

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Bourbon House, Bourboun Street, P.O. Box 1695, Castries, St. Lucia, and/or 130-918-16 Avenue N.W., Calgary, Alberta, Canada T2M 0K3, and/or Box 13, 918-16

I got this address from the Deparment of Corporations in CA
They were served with a Desist & Refrain Order in March 2012


Submitted by eeyorelover79 on Thu, 01/24/2013 - 13:22

eeyorelover79

( Posts: 84 | Credits: )


I am from New Mexico..

USfastCash
UnitedCashLoans
BestChoice123
QuickCredit911

Liberty Group LLC (which deposited into my account without me signing a contract, I asked for on and they have yet to send it.. 18777316174 is there number)

Are these lenders legal in my state?


Submitted by navafro on Sun, 03/24/2013 - 22:31

navafro

( Posts: 15 | Credits: )


Is there a method or strategy to work with local PDL co., these companies are licensed in TN. I have three checks out to these local companies: $345.oo, $345.00, and $470.00.


Submitted by Jholloway on Mon, 03/04/2013 - 10:04

Jholloway

( Posts: 2 | Credits: )


What state do you live in?? All of your loans are illegal....offshore or tribal. Follow the link in my signature line for full information on how to deal with them.


Submitted by SOAPLADY on Tue, 04/09/2013 - 05:10

SOAPLADY

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@ Blue Sea - answered this in your thread - please try not to double, triple post.. http://www.debtconsolidationcare.com/paydayloan/forum/thread99705.html


Submitted by HelpinAZ on Tue, 03/05/2013 - 17:57

HelpinAZ

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Where can I find the letters to send to pdl lenders if I have outstanding loans. I need help with cutting and reducing payments


Submitted by on Tue, 02/19/2013 - 19:29

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Everyone beware of Payless Financial Group. They do not honor anything agreed to. My daughter used them to validate her payday loans and after 90 days not one was validated as well as they never gave her any status or any communication at all. When she contacted them to cancel they stated she had to wait another month to do so. After she read her agreement it stated she could cancel at any time for any reason. She provided that to them and they gave no reply for a couple of days and then canceled the account. She is presently trying to get a refund for all she paid to them and they are only willing to give her 50%. They just stated today after several days of going back and forth that they can prove the debts validation letters were sent. She requested this when she first inquired and they did not state they have proof of anything until now. She really feel scammed by them and they want to keep half of her money for not doing anything. They also state that according to the agreement they don't have to refund anything! Has anyone had a bad experience with them??


Submitted by Joyce on Tue, 05/07/2013 - 20:43

Joyce

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Hi Soaplady,

Thanks for your response. I reside in the state of Florida.
I am in the process of closing my accounts and will post the results. I have been paying these 3 companies every two weeks $90. I only borrowed 300 from them. The loans start date were dating back to 9/12 so I am well beyond paying back the principle. My bank wants me to zero out and wait a day before closing. Now, should I email the companies with my letter revoking both ACH authorization and anyy wage assignment after the accout closes or now would be a good time???

Thanks in advance....


Submitted by Kervin Rene on Wed, 05/08/2013 - 11:01

Kervin Rene

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Personally, I have not but the handling of payday loans can be done by your daughter herself. What state are you in, names of lenders, amounts originally borrowed, and amounts paid back so far. It very well may be that the lenders are illegal. Answer these questions, and we can help you further.


Submitted by bingonut on Wed, 05/08/2013 - 13:04

bingonut

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I am seriously in a bad situation with multiple loans. I intentionally took them out with the means to pay them back but one after one I found myself in a HOLE OF DEBT!!! I have 7 online loans and reside in the State of Louisiana. I have contacted the Finance Dept and AG office both state that the company have to abide to the state laws but do not have to reside in the state I think thats right. I have been trying to overcome this for over two years now and I am at a point I feel like I will never be free from these loans.

1. Pay Day One - $700 total if pay back all interest - $694.20 = $1,394.20 - Paid $152.68 on 5/13/13

2. SpotLoan - $800 5 months 9 payments left total due - $1012.52

3. Cashnet USA - $225 + $45 =$270

4. CashCure - $650 + 143= $793

5. MB Processing - need to get the amount

6. Quick Credit 911 - need the amount

7. Cash Central - $800 +200 = $1000 + $20 ACH return fee = $1020


Submitted by AngieD on Fri, 05/24/2013 - 09:06

AngieD

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Dear Classic Group

It has come to my attention that you are an illegal lender and payday lenders must be licensed by the state of California in order to offer loans to its residents. Since your company has no license in my state, the loan contract I have with you is not valid. Although I am not legally required to do so, I am willing to repay the principal balance of this loan. To date, I received a deposit of $200 on 02/14/13, and have had bi-weekly withdrawals totaling $370 debited from my account. Which comes out to an overpayment of $170.

At this time I am requesting a return email acknowledging that my loan has been paid in full. Also, I am demanding a refund  check of the $170 overpayment. A refund check of $170 can be mailed to me at the address you have on file. 

As of 05/30/13 I am also revoking authorization for ACH withdrawals and any wage assignment I may have signed with your or your affiliates. I have given a copy of these revocations to both my bank and my employer. Any future attempts to collect funds in this manner will be blocked.

Please respond to this email with acknowledgment that my account has been satisfied in full. Details of when I can expect the refund check, as discussed above, should also be included in the email.

They replied with
 
 
We respect a consumer who researches the services to which he/she uses. With that being said when you applied for and agreed to the terms of the loan, it would have behooved you to read the complete contract you agreed to with Classic Group. You are a citizen of California, however the contract was not made in California. The contract was completed via the world wide web, the governing law (clearly outlined in your contract) which you agreed to by your legal e-signature are the laws of the jurisdiction in which the lender is located. When you agreed to the terms of the loan by electronically signing the document  on 2/12/2013, the terms clearly outlined how the loan works and what the finance charges were, yet you still accepted the loan.
 
That said, after reviewing the history on the account and due to the dispute, the lender has agreed to forgive the remaining balance and mark the account as paid in full. Settling the account in this way will mean the account will be marked as denied for any future approval. Please save this email as verification that the account with (lender name) has been settled and now has a $0 balance. Thank you


Is this statement true


Submitted by ladyjchzy on Mon, 06/03/2013 - 14:22

ladyjchzy

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Dear Anasazi Group LLC

It has come to my attention that you are an illegal lender and payday lenders must be licensed by the state of California in order to offer loans to its residents. Since your company has no license in my state, the loan contract I have with you is not valid. Although I am not legally required to do so, I am willing to repay the principal balance of this loan. To date, I received a deposit of $200 on 12/13/12 which I paid $605 and a deposit  $150 which I have paid  $90. Which comes to an overpayment of $345

At this time I am requesting a return email acknowledging that my loan has been paid in full. Also, I am demanding a refund  check of the $345 overpayment. A refund check of $345 can be mailed to me at the address you have on file. 

As of 05/30/13 I am also revoking authorization for ACH withdrawals and any wage assignment I may have signed with your or your affiliates. I have given a copy of these revocations to both my bank and my employer. Any future attempts to collect funds in this manner will be blocked.
Please respond to this email with acknowledgment that my account has been satisfied in full. Details of when I can expect the refund check, as discussed above, should also be included in the email.
I have intentions on moving forward with complaints to my Attorney General and the FTC, and the CFPB if the terms in this letter are not met


Their response

We respect a consumer who researches the services he/she uses. With that being said when you applied for and agreed to the terms of the loan, it would have behooved you to read the complete contract you were agreeing to with The Anasazi Group. You may be a citizen of CA, however the contract was not made in CA  but via the world wide web, the governing law (clearly outlined in your contract) which you agreed to by entering your electronic signature are the laws of the jurisdiction in which the lender is located.
 
That said, after reviewing your account i see that this account was opened  by you on 4/9/2013. To date you have paid 2- $45 fees for a total of $90. The Lender has agreed to accept the principal balance of $150 to close out this account.  Please reply to this email to confirm and the payment of $150 will be scheduled for 6/12.
 
If you have questions or need to make arrangements on the balance please contact our office.
 


Submitted by ladyjchzy on Mon, 06/03/2013 - 14:27

ladyjchzy

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Dear Anasazi Group LLC

Cut the crap. You know as well as I do that the only the laws of my state apply to me and any legal contracts I sign. You owe ME money....I do not owe you a dime. I will be filing complaints with my state AG's office and the FTC.

Govern yourself accordingly and REFUND ME MY MONEY!!!!!!!!!!!


Submitted by SOAPLADY on Mon, 06/03/2013 - 15:12

SOAPLADY

( Posts: 17315 | Credits: )


you stick to that.they only want you on the phone to harrass.threaten,argue,and lie.stick to your position.


Submitted by paulmergel on Tue, 06/04/2013 - 08:37

paulmergel

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I received a loan from Rise in a strange way. I had been a long time customer of PayDay One. When I called up to recyle my usual loan I was told that Rise had taken over and the new amount in California was $2,600. I replied that it was too much and I could not afford $2,600. Later on when I checked my bank account and $2,600 had been deposited. Of course I used the funds. Made one payment and now have to default. Knowing this loan is illegal sort of eases the pain because I guess only the interest must be paid. Rise calls every day, but I do not anser.


Submitted by CAROLE DEARMON on Sun, 01/12/2014 - 21:06

CAROLE DEARMON

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Actually the principal should be repaid, you do not owe the additional fees and interest. You should have returned the money from the bank as an unauthorized deposit, not spent it. You need to follow the steps below in my signature on how to deal with unlicensed lenders. All the steps - secure your bank account and send them a letter revoking ACH authorization and cancelling wage assignments you may have signed.


Submitted by HelpinAZ on Mon, 01/13/2014 - 02:23

HelpinAZ

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