Help in Kentucky!
Date: Thu, 10/23/2008 - 18:27
I was stupid and gave my now ex-girlfriend access to my checking account, I know - like I said it was stupid.
She did two PDLs thru USFastCash and OneClickCash without my knowledge. Ive only recently found out about this when the calls from the bank and the aformentioned companies started.
My bank closed my account when all this started.
Apparently once the funds were in my account she withdrew them. We had talked about doing this but I thought we'd decided against it. Anyways, it happened.
I've researched a little here but am looking for advice. I want these loans to go away and am willing to pay them off but it looks like these companies might be illegal and rather difficult to deal with.
I'm in Kentucky if that helps. I've yet to contact these companies by phone, only by email - and so far have only only received their "thanks for contacting us" response.
Can someone offer up some advice or support?
Kentucky requires Internet based pdl's to be licensed by your st
Kentucky requires Internet based pdl's to be licensed by your state. One Click Cash, is unlicensed/illegal to lend in any state in the US, I doubt if USFastcash is licensed in Kentucky.
Quote:
Kentucky State Information Legal Status: Legal (Applies to check cashers only) Citation: Kentucky Rev. Stat. Ann. ???? 286.9.010 et seq. Loan Terms: Maximum Loan Amount: $500 Loan Term: 14-60 days Maximum Finance Rate and Fees: $15 per $100 Finance Charge for 14-day $100 loan: $17.65 apr for 14-day $100 loan: 459% Debt Limits: Maximum Number of Outstanding Loans at One Time: Two ($500 aggregate loans outstanding to all licensees) Rollovers Permitted: None (cannot renew, rollover, or consolidate) Cooling-off Period: None Repayment Plan: Collection Limits: Collection Fees: One NSF fee (if disclosed) Criminal Action: Prohibited Where to Complain, Get Information: Regulator: Kentucky Office of Financial Institutions Address: 1025 Capital Center Drive, Suite 200 Frankfort KY 40601 Phone: (800) 223-2579 Fax: (502) 573-8787 Regulatory Contact: Gary Davis,, Branch Manager Regulator Website |
OneClickCash CustomerService(at)oneclickcash.com complianced
OneClickCash
CustomerService(at)oneclickcash.com
compliancedepartment(at)oneclickcash.com
FinalCollections(at)oneclickcash.com
1-800-825-0441
One Click Cash, are unlicensed/illegal to lend in any state in the US.
One Click Cash
52946 Highway 12
Suite 3
Niobrara, NE 68760
Fax 1-800-803-9136
Ph: 1-800-349-9418
compliancedepartment(at)oneclickcash.com
USFastCash
3531 P Street NW , PO Box 111
Miami, OK 74355
Attention: Collection Department
USFastCash
Phone: 1-800-640-1295
Fax: 1-888-549-3324
Email: customerservice(a)usfastcash.com
US Fast Cash Compliance Department
Fax: 1-800-470-6614
Email: compliancedepartment(at)usfastcash.com
I hope the information below will help you. :) You are only obl
I hope the information below will help you. :)
You are only obligated to pay back the principal amount you borrowed from an unlicensed/illegal Internet Payday Lender.
[quote]What should you do?
Close your account asap, if you are unable to close your account, go into your bank and ask to speak with the Branch Manager, tell him/her you need a hard debit block placed on your account immediately! Explain that you are revoking ACH authorizations from unlicensed/illegal companies, and have learned these companies are notorious for ignoring revocation, therefore it is important to BLOCK any withdrawal attempts on your account to protect your interest. This is your privilege, do not accept no for an answer. The following link will provide you important information regarding closing accounts. CLICK HERE
What next?
AFTER your account is secure send each pdl (the unlicensed and illegal) an email similar to THIS (please scroll down to locate letter template). Tailor this letter to your needs, and try to write it with the same basic concept in your own words. You will need to research and locate email addresses/physical addresses if you don't already have them, I suggest that you type the name of the pdl (example: "oneclickcash address") in the search box in the upper right hand corner of this forum. You may also search for addresses HERE at the Better Business Bureau.
File complaints: Most of the time, you can file a complaint online with the following, I encourage you to follow through with doing so, you will need to search the Internet for your state Attorney General's website, however, here are links to file complaints for the FTC, Online complaints: Federal Trade Commission., and the BETTER BUSINESS BUREAU.
Keep in mind that you may not receive a response for days, or even weeks, or, you may receive harassing and threatening phone calls. I have found the best way to deal with this is not to respond or reply, simply hang up.
Side note: If you have paid an illegal/unlicensed payday lender above and beyond the principal amount you borrowed, it might be a good idea to demand a refund and a paid in full letter/receipt. You may or may not get one or both. It still doesn't hurt to include that tidbit in your letter. :)[/quote]
Hello everyone!! I absolutely LOVE this website!!! After reading
Hello everyone!! I absolutely LOVE this website!!! After reading several of the posts, all of a sudden, the light comes on!!! Although storefront pdl's are legal in Kentucky, the law plainly says that no renewals or rollovers are permitted! So pray tell, aside from my own personal irresponsibility, how am I still in this pdl mess-6 years later???? Simple. Instead of allowing you to just pay the fee, you have to pay the entire amount, then re-write it! So THAT'S how they skirt the around the law!!! And they are fully aware of it, too. What a rip-off! No wonder sometime ago the clerk said that the law wouldn't allow them to do it like that when I wanted to pay just the fee! This my friends, is what you call a good old fashioned LOOPHOLE!!!!
