My girlfriend and I are in trouble with Payday loa

well guess what the loophole you speak of was voted out of existence almost two years ago.so all pdl's are illegal.now that being said you only owe the principle borrowed nothing more.since all your loans are illegal.go to the sticky titled DEALING WITH ILLEGAL LENDERS at the top of this very forum.follow every step.especially the step about closing your account.that is important,but follow that sticky to the letter.

to address your other points.you pay them back,and only as you can spare.as far as the "native american"loans go treat as any other foreign loan.illegal as all get.just follow the sticky and you will be fine.

Thank you, I read the loophole had been removed. I can give my girlfriend the good news. Thank you!

Please give us the names of each of your lenders. Sometimes what you think is a payday loan is actually an installment loan or a contract with a CSO which IS legal.

United Consumer
Anasazi Group
Pluto funding
Horizon Opportunities
Advantage cash services
PRA Solomon internet
US Fast cash
PDLNOW.com
OneClick Cash
Cashcure LLC

These are the names that my girlfriend gave me.

I have 3 in the form of:
National Payday
Great Sky Cash
Payday Wiz
Discount Advances

I am in PA and these are the companies.

United Consumer
Anasazi Group
Pluto funding
Horizon Opportunities
Advantage cash services
PRA Solomon internet
US Fast cash
PDLNOW.com
OneClick Cash
Cashcure LLC

Mine are these 4:

Great Sky Cash
National Payday
Payday Wiz
Discount Advances

Thanks for any help you can give me!

None of your lenders are licensed. You'll have a fight on your hands with a few of them but close your account, send your letters and stick to your guns.

Thank you for your response.
I just want to be 100% sure that the balance owed is only the principal despite any agreement that may have been e-signed.
My girlfriend has filed chapter 11 in the past and I don't want to steer her the wrong way.
In terms of paying off unpaid principal, is this legally binding due to the contact being void as they are unlicensed or is it just the morally correct thing to do.
In both cases, what is time frame at which these should be paid and how? I can't seem to find this information.
Sorry for asking so many questions, I just have heard so many conflicting things.

If the contract is void, there is technically no legal ramification if it goes unpaid. Ethically, if you've borrowed the money, you should at least give back the principal amount borrowed.Timeframe? I wouldn't worry about it. Figure out a reasonable payoff schedule and approach each lender with your proposed payoff plans. Ask for a mailing address so you can send money orders or, use a prepaid credit card to pay them off. With that many, I'd get as many addresses as you can. You may be able to find many by doing a search here.The most important thing is to close your account first. Secure your money before you get the ball rolling on any of this.

Thank you so much! Finding this place is a blessing. We will be locking down accounts tomorrow and sending out emails, letters, and filing complaints.

I have already informed my references that they might hassle them and to ignore them.

Thank you!

I asked about time frame because I didn't want to get sued.

The day one of these offshore, illegal lenders actually takes someone to court is the day I want to be there to see them get arrested for ignoring cease and desist orders from Attorney Generals all over this country!

Is it unheard of to get a PIF letter without paying off the principal borrowed due to the emails and letters sent to the lenders as well as the BBB and AG?

I've never heard of anyone getting a PIF unless they've paid at least the principal.

Thank you so very much for your help today. You took a dark and out of control situation and shed some light on it. This information is so hard to nail down and find. I now feel I can lead myself and my girlfriend out of this and never get in it again.

Good luck and please keep us updated on your progress.

I attempted to call my bank, PNC, on the matter and they said they'd have to go through a whole bunch of bureaucratic stuff. I am going to attempt to speak to a branch manager tomorrow to get a hard stop on my ACH withdraws. I am concerned that it won't be that easy to do as my account is currently in the red and requires my direct deposit on the 6th to go into the black, which is when the PDL companies will take out their fees. Here is hoping.

When dealing with unlicensed PDL's to settle your principal debt, what is a typical monthly payment? I just want to prepare. Thanks!

You can pay off the principal amount in full with help of a check to the illegal payday lenders and get rid of the debt.

i don't advise that.the OP pays with a money order.a check has all the info like routing and account numbers.never give a personal check unless you want the new account bled dry.

They're operating illegally. Pay them only what you can afford or you'll end up right back where you started.

Definitely talk to the bank manager about your account, odds are good they've heard similiar stories from other customers. If your account is in the red right now, at least have it put on "deposit only" status until your deposit comes in and you can open up a new account.

My girlfriend is also with PNC and her branch manager is refusing to make her account debit only. More info to come.

I used to bank with PNC when they were National City Bank, and they are able to restrict your account to deposit only, so that funds cannot be withdrawn electronically or otherwise. I'm not sure why the branch manager where your girlfriend banks is not cooperating.

By allowing the pdl charges to come out of your girlfriend's account, this is only going to get her in deeper, and increase the chances of the bank having to close and charge off her account if she cannot bring it to a positive balance. You'd think the branch manager would want to help.

The branch managers said she could do nothing to help and that closing the account would only allow debits to open the account back up. She actually ADVISED HER TO WITHDRAW HER DIRECT DEPOSIT AT MIDNIGHT and not only pay out the payday loans with a negative balance, but also get hit with PNC's overdraft fees. This was her advice.
What the hell do I do about this? I bank with the same bank and I need to do this aswell.

Why would anyone be able to take all these pd loans out anyway?? Why would you do that? I'm freaking over 2 and I can't imagine any more then that! I thought they check teletrac?

because illegal online lenders don't care.if they did they wouldn't have lent in the first place.

The branch manager I spoke to told me the same thing. I woke up this morning with negative 62 dollars because a payday loan initiated a payoff instead of the slated re-occuring payment. I have negative money for 2 weeks.

I can't imagine what my girlfriends account looks like because she did take the money out. I gave her so much hope and now she is devastated. I feel like I failed her and I don't even have any money to help her out now.

All of this could have been prevented if we could have just put a block on our withdraws and negotiate without the lender having unauthorized access to our banks. Now, well I don't know what we can do.

Thanks for trying everyone, I guess there isn't happy endings all the time.

Is there anything I can do? Please help. Please...

if you didn't draft an ACH revocation letter for each pdl do so asap,and submit it to your bank manager.once that is received they must not honor anything further and freeze the account.if they refuse they are violating a federal law.do that asap.

The issue is that now all my PDL's are paid off except for one of 300 dollars which isn't due to have fees taken out until the 20th. They are a manageable 50 dollars. Except now I just literally have no money for two weeks. I need to pay rent. I don't think I can charge anything back.

Also, if my girlfriend disputes her charges from PDL's from her bank will they investigate the legality of them or just get a standard authorization that it's a company? What happens when they dispute these?

Contact the corporate offices and tell them the trouble you're having with the manager. 888-762-2265

You need to dispute it as an unauthorized transaction. If you revoke ACH authorization and the company continues to debit, that's a violation. Show the bank the copies of your revocation emails/letters and dispute the charges.

I have spoke with with several times, that number actually only leads to a customer service call center. I accelerated my complaint to a supervisor there who had less power than the branch manager at the bank. They took down my information and said someone would call me in 1-2 business days.

This process seemed so simple. Block the withdraws and negotiate with the lenders but it wasn't at all.

The dealing with unlisenced lenders thread recommeded closing the account and/or blocking it before revocation letters and the letters could spur the companies to debit illegally in fear that they won't get their money.

Will drafted revocation letters/emails work after the fact?

I am guessing they don't.

Is there anything I can do short of calling my AG about this?

yes they can because the bank will be forced to not honor those debits and block your account.yes file AG complaints.btw an ACH can be revoked at anytime per the EFTA(electronic funds transfer act).

Okay, we will gather the drafts and go to the bank with them on Monday. I'm awaiting on a call back from a AG Agent.

Getting my hopes up again, like a fool.

again the ACH can be revoked at anytime and your bank has to abide by it or they are breaking the law.your branch manager should be reported to the regional office if they won't comply.

Spoke to a representative of the branch who spoke to the assistant manager about me bringing in revocation letters. They said they'd have to file it through their fraud department and it "couldn't hurt" but wouldn't expedite the process.
I seem to be unable to get a clear answer.

Ask the representative to clarify the whole matter to you. If needed, have a word with a lawyer to understand the whole matter.

My girlfriend sent out all her revocation emails and she brought the copies of the revocation letters to the bank and the branch manager refused to take them. He said he had no need for them and that there was nothing he could do about it. Who should we go to next? The bank is PNC and I am in Pittsburgh, PA. We are trying to figure this out. She is super worried she will get sued by PNC. They flat out refused to revoke the ACH debiting even when she cited the law.

(She made them keep the letters and also requested that they give her a paper stating that they received them and made no action so she could have a record of them being uncooperative,)

Who can help? Just tell me who we should call. Attorney general or what?

Should I urge her to send a complaint to the Office of the Comptroller of Currency? She pretty much is giving up and saying that if they could have done it, they would have. She is worried since she is consistently getting NSF fees she is going to rack up too many fees from these debits that PNC will charge off her account, send the amount to collections and accuse her of fraud.

We have yet to escalate the matter to the VP of the branch or a regional manager because she believes they will just toe the line that the managers below them have and only compound the problem.

She also believes they might think she is purposely trying to defraud these companies as she took out a large amount of loans in a short period of time and couldn't afford every finance charge at once. Could this be why they haven't acted on this?

no,because i didn't know PNC was your bank.i would file a complaint to the comptroller.btw since she has the ACH revocation letters and the idiot refused them.they broke the law.also see if there is another branch in the area other than the one you use.see the mangager there.present the letters and explain this.btw NATONAL CITY the bank that merged with this piece of garbage known as PNC is part of a class action lawsuit because of this very practice.you think they would learn,but no.so file the complaint and know as long as you have the letters and tried to present them to the manager.they broke the law.btw your AG also should be able to help.btw if this branch tries anything as long as the letters are dated.they would be in trouble.to end file the complaints,try to find another branch and see the manager there.just know the bank is breaking the law not you.

The shame in all this is she didn't present them with letters 2 weeks ago when she first tried. She alerted them orally, which is acceptable according to the EFTA but they can easily say they were not made aware. All the while companies have been debiting and causing 36 dollar fees.

She didn't give them the 3 days prior notice according to the dates on the paper either. They are all dated 5/19. I'm assuming she will be liable for all fees accrued during this time frame?

Is it even possible to make PNC return her account to good standing?

well again if the bank was cool they would.PNC however is not,but they should put a freeze on the balance and give her a window to get it back to even while not allowing further fees.