Indiana PDL Help

Hi. I'm in IND too and just went through what you're going through now.

First off, read the thread above about closing our bank acount. Then go to your bank and talk to a manager, not just a teller.

I can tell you for a fact that paydaymax & mycashnow are not licensed to loan $$$ in Indiana, therefore at least those two loans are illegal. According to Indiana law, they should never have issued you a loan. I'm guessing most of the others aren't legal either, but someone who has dealt with them before will be along to advise you on them.

But basically you need to close your account asap. I had 4 illegal PDLs out when we closed our account in July. Money is so bad that if we had NOT closed the account, we would be homelss right now-we would probably have had our car repoed too.

When we went into our bank, we weren't the first people to talk to them about these loans and I'm sure not the last.

The gal was very understanding.

Feel free to call the Office of Financial Institutions for Indiana and talk to David there. He has a lot of info and you will come away from it with a lot of peace of mind.

since we closed our account, we haven't heard a word, other htna some emails that came in early on. We faxed and maield letters revoking the ACH withdrawls as well as the voluntary wage assemements. We quoted the law passed last year stating that any loan made after July 1 2008 from an unlicensed lender was considered null and void.

We also filed complaints with the BBB, but that didnt' really do much.

But find out if your bank will force open a closed account if its cosed first thing. If they won't, stop your direct deposists and close that account before anymore money is debited.

Theres a gal on this board that even for her loans makred paid in full and shes from here too. I havent had any luck getting thart done, but I also haven't heard from any of these places. The guy in Indy said if I get collection notices to send them to him and he'll contact them and tell them they're trying to collect on an illegal debt.

Also, once your account is closed and if/when you start getting calls, you CANNOT be jailed for not paying these so don't buy any BS someone may tell you.

you can also do a search on this site for a C&D letter.

Indiana requires the company to be licensed by state, here are the laws for Indiana:
You can CLICK HERE to see if any of your lenders are licensed. Keep in mind that some ipdl's use dba's. You can also type the name of the lender into the search box located in the upper right hand corner of this forum, that will bring up a list of posts made by other members, if you read through some of the posts it will give you an idea of how other members dealt with them.
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thank you all for your post I have already opened another account and i have planned to go to the bank tomorrow. I will start working on the letters tonight. Any other advise is greatly appreciated.

I hope the information below will help you. :) Keep in my this procedure only applies to the lenders who are unlicensed/illegal.
[quote]You are only obligated to pay back the principal amount you borrowed from an unlicensed/illegal Internet Payday Lender.

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]

I just posted that for good measure, it sounds like you're already on the right track! Good luck and feel free to ask more questions if needed. Take good care. :)

Now I have my bank account secure and they have written off many of the fees, that has occured becasue of this but now. I am being threatened with collections and court I am trying to work with them but they are not cooperating. What should I do?

Which ones are threatening you? If they're illegal, then how do they expect they can sue you in a court of law, ummmm nope, it just doesn't work that way. Did you find out which of these are legal, and which aren't?

I searched the Attorney general website for them but i couldn't find any of them. I am assuming all of them are illegal. I have received threatening phone calls from mypaydayloan. unitedcashloans, impact and CTC.

status on my loan

status on my loan

status on my loan

status on my loan

status on my loan

Ok, So I have gotten into a bit og trouble with Payday loans and am now fighting to get out.
I have borrowed from 3 companies, 1 in good standing, the other 2 not
Payday Loan yes = borrowed 200/now owe 420(paid 60 towards account)
US Fast Cash=borrowed 200/now owe 460
qloot= borrowed 400/now owe 600
I should be able to pay back what i borrowed because i am working again, but paydy loan yes is giving me the most trouble, they are threatening to go to court if I don`t py them 420 and garnish my wages. My account is shut down so they cant take it from there anymore. I checked to see if they are legal in my state. A lady from First National Services called today about the pdl with payday loan yes. Should I send them one of those letters you guys post on the boards?
Please Help :/

None of your lenders are legal. You are only responsible for paying back the amount you borrowed from them. No fees, no interest. If your accoutn is closed, that's a great first step. You also need to send them the illegal lender letter, revoke ACH permission and also revoke any wage assignment you may have signed. You can find all the info you need in this thread. http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html