Need help in NJ

ameriloan is part of MTE,and a bear to deal with.i would file AG,and FTC complaints to start.then go to the sticky titled DEALING WITH ILLEGAL LENDERS.that will guide you.you are entitled to refund,but MTE d/b/a's getting a refund is difficult.go to the sticky,and know we are here to help further.

Is there a thread where I can find templates for letters to the AG and FTC? I am unsure of what information to provide. Thank you.

the sticky mentioned should have all that info for you.

i live in NJ and never dealt with that company but have gotten a refund back from another.. just keep sending the letters in the sticky that paul mentioned :) and report them asap to anyone that will listen... when closing your account make sure the ACH will not push it back open. good luck and let us know if you have any questions :)

Thanks for all the advice.

I had filed a complaint with the B.B.B. as advised. Ameriloan responded with the below statement.

Quote:

i would file FTC complaints,and keep e-mailing them that they are illegal.that is their template that they use to respond.talk about hypocrits.

agreed, ironically the letter they sent you was a form template that is circulating around illegal payday loan companies that are is full of misleading and inaccurate information.

So what should I state when I respond to the Better Business Bureau? Sorry, this is unchartered waters for me.

just state that this is an illegal pdl.they are not licensed at all,and their response was a template they use asa response.

Ok I just filed a complaint with the FTC. Does anyone know how long the process takes once they get involved? I really appreciate all the help.

honestly they do not get too involved.. they tend to collect complaints and than go after companies when they recieve a lot. they do not really personally help consumers (though they are helpful). many states' attorney general's offices do get involved. NJ will not do anything to help you though i still would flood their office with complaints.. maybe if enough people complain they finally will do something to help.

Then what is the purpose of having them? This is very discouraging to hear. I will keep trying though.

the purpose of having them is that they have the power to shut these companies down. i am sorry if i discouraged you, i did not mean to i just did not want to expect something that will not happen.
we encourage everyone to report these companies to any agency that will listen. the reports will ad up and actions will be taken. it will also leave a paper trail for you to have.
the good news is you do have power within yourself. they will fight it at first and pretend they are illegal but once they see you are not buying this, they will bow down to you. this company is tricky to deal with you but you are 100% right and many have complained to the FTC, etc. about them. hopefully one day soon they will be shut down.

Trust me, it's not because of you that I am discouraged. I knew this was not going to be easy when I started it. I just want what is rightfully mine. I don't know about everyone else, but $875 is a lot of money for me. I could really use it, especially this time of year. One thing I have been taught is that persistence will get you anywhere. And that's what I am going to do.

i agree, i just felt bad :)
$875 is a lot of money for me, too - a lot of money for anyone really! if you keep at it, there is always hope you can get what is rightfully yours.

What NJ residents who get trapped in the pdl cycle should do, since it seems the regulatory authorities are not helping, is to write their elected officials and send them copies of the complaints. Maybe that's the way to go to get some action on these illegal loans.

There is no point to discourage yourself, it has been the case that they do not get involved too much into the matter when the complaints are less but if the complaints are more then they definitely will take some major steps. So it depends on the number of complaints filed against that particular company.

good points, aubrey and markstacey! i still say complain, they cannot ignore too many complaints! also being that loans are illegal in this state we actually do not really need outside help, i was able to handle the loans by myself.

Well the Better Business Bureau closed my case as unresolved. Hope the FTC can help.

even if they do not, if you are persistant you can really do this without the help of any agencies. by all means complain and send complaints as often as you can but also keep reminding these companies that you know your rights and your laws.