I have 5 PDLs in Montana and would like help
Kristi, Welcome. I am going to post yor state laws for Montana
Kristi, Welcome. I am going to post yor state laws for Montana here (just select your state), so you and everyone else can see them and we can begin to help you.
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html
You are on the right track. Be sure you also give your wage ass
You are on the right track. Be sure you also give your wage assignment revocation letters to your payroll department as well. The next step will be to figure out which companies are licensed/legal in other states. Someone will be along to help us with that. Hang in there.
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ameriloan - unlicensed/illegal
Loan Shop - unlicensed/illegal
United Cash Loans - unlicensed/illegal
OMG/OASIS - not sure if licensed
MJAdvance/JHPartners - never even heard of this one
Kristi, Contact your bank first thing in the am and ask them to
Kristi, Contact your bank first thing in the am and ask them to put a hard debit block on your account. This will block all debits of any kind. That way your deposit will still go in but the pdls ( if they have not hit) will not be able to debit your account. If they have, they will not be able to again.
Thank you!
Wow - those replies were FAST!!! Thank you so much!
Let me check on phone numbers/addresses
I may have mistyped on that one - It's not MJ, it's
ML Advance and Affiliates (888)417-1578
an e-mail address for them is ml.advance(at)sbcglobal.net
so maybe SBC Global is also them?
The other is
OMG Group/OMG CORP
7473 West Lake Mead Blvd., Ste. 100
Las Vegas, NV 89128
Phone Number 1-866-209-3035
Fax Number 1-866-209-3939
an e-mail from them includes this info
OASIS1 MARKETING GROUP, INC.
866-209-3035
866-209-3939 FAX
Thanks cannr and Roxy
Thank you cannr and Roxy
I did e-mail my bank today and asked them to block/freeze ACH/debits, but I'll call them in the morning. They aren't local to me, so I can't go there in person.
I'll also get the revocation letters to my employers tomorrow.
So, for the illegal ones (at least three, it looks like, and maybe all five), I only have to pay a total of what they loaned me, is that right? With none of the extra fees? What a relief!
You all are so great!
PLease make sure to call your bank and discuss the situation wit
PLease make sure to call your bank and discuss the situation with them...maybe you can fax them your revokation letters as proof..and let them know the loans are illegal too! Get their word and in writing if possible that they will block the debits...
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kri, I can't find squat on those two. Luckily you have the addresses/phone/fax/email for them. I can not find diddly. Unless someone else comes along who has dealt with them. These pdl's use so many names. I looked under the names and telephone numbers. Nada.
According to the sticky about state laws made simple, based on t
According to the sticky about state laws made simple, based on the e-mail reply from the Montana state official, it looks to me like a pdl lender needs to be licensed in Montana in order to lend in Montana, and I find none of my PDL lenders listed (at least, they're not listed under the names I have for them). So, to me, it looks like they're all illegal.
Does it seem like I'm right to you folks?
and, I would use this information to correspond with the PDL lenders and make payment arrangements on my terms to just pay the principal (after I get all the bank closing and ACH stopped and all that has "blown over"), right?
kri
I went and read it myself:
If the internet payday lenders are offering loans to Montana residents or engaging in business in this state, they must be licensed by this state. They may need to be licensed as a deferred deposit lender or consumer lender depending on the products they offer. They need to contact the Banking and Financial Institutions Division for licensure. See banking.mt.gov/
God, I love goudah! :D
Anyway, yes, apparently they have to be licensed in your state to lend to residents in your state. Which means, yes, you are only obligated to pay the principle amount of the loan. No fees. No rollovers. No extras of any sort. And, yes, when we start sending out letters to your pdl's, we will quote your state law and also that information.
That information goudah posted is awesome! So, you folks are
That information goudah posted is awesome!
So, you folks are going to sort of assist/support me on an ongoing basis as I get through this mess? That is so terrific!!
Thanks!
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You're cracking me up now! :lol: I'm serious! We're going to walk you through it all. No question is a dumb question. Ask anything. Post anything. Someone gives you a hard time, post. Out of all of us, someone has dealt with them and can advise you of what to do. Believe me, this place is a God send. You are "one of us" now! We're in it together! :wink:
I now have an address for one of the PDLs that cannr couldn't fi
I now have an address for one of the PDLs that cannr couldn't find - does this help find them at all?
OMG
941 'O' Street, Suite 800
Lincoln, NE 68508
Oasis1 Marketing Group, Inc.
866-209-3035
Oh - and my direct deposit already stopped going into that checking account, so these PDLs are definitely going to bounce - there's not enough money in there for them to take any fees - I still have to call the bank as a followup to my e-mail to them about the ACH freeze - they did e-mail me back and said it would cost $29 per ACH but that I should contact the payees. I still have to call the bank and explain.
Did you check under both the deferred deposit lenders and the co
Did you check under both the deferred deposit lenders and the consumer lenders licenses? They could be licensed under either it sounds . . . .
Thanks, I did check under both listing and didn't find these nam
Thanks, I did check under both listing and didn't find these names under either (I know they could have other d/b/a names, but obviously I don't know what those names might be!).
Looking at the names of the companies you are dealing with, I'd
Looking at the names of the companies you are dealing with, I'd be shocked if you had found a license. I think it's safe to say that none of them are licensed.
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kris, is there a reason you are dealing with your bank via email? Can you not go there? This way you can speak directly with the branch manager and get anything you need in writing.
Kris's bank isn't local, so they can't go there in person. The
Kris's bank isn't local, so they can't go there in person. The good thing about emailing them is at least you have something in writing.
I'm in Montana and my bank is in Texas. It's a really good bank
I'm in Montana and my bank is in Texas. It's a really good bank and I got a membership right before they started majorly closing down membership, so once I close it I won't qualify for a membership there, but that's just too bad for me. But, yes, that's why I can't go there in person. I do like the aspect of having things in writing. I had sent them a message on their website yesterday (after their bank had already closed for the day) before I found this forum.
I really don't think any of these PDL lenders are licensed, but I wanted to double and triple check to be really sure.
So, now I've contacted the bank and my employer with copies of t
So, now I've contacted the bank and my employer with copies of the revocation letters.
The person I talked to was going to have someone else call me ba
The person I talked to was going to have someone else call me back. I'm going to call again in the morning.
That was me - apparently the site had logged me out and I didn't
That was me - apparently the site had logged me out and I didn't realize it.
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Okay, this bites. Because we need to make sure we have your bank account to where the pdl's will not be able to debit and you will not be charged bank fees. We do not want to send letters out to the pdl's until your bank account is "safe".
I'll have to talk to my bank tomorrow and make sure I stay on th
I'll have to talk to my bank tomorrow and make sure I stay on the phone until I get somebody who can assure me of that, then. There's no money in the account and no more direct deposits to it, so the PDLs won't be able to debit it, but I think I'll be getting bank fees. I don't think the bank will cover the debits, I think they'll refuse and charge me fees. But, I'll have to talk to the bank tomorrow and find out for sure and see when it can be closed - or at least frozen to ACHs/debits. It'd be nice if I could avoid at least some bank fees...
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Okay, you have no money in there so if the pdl's do hit it, they won't get their money. This is a good thing. The bad thing is that it's sitting there open/active so if the pdl's do hit, your bank is going to charge you their fees for each one. This can get incredibly ugly. You need to call first thing in the morning. Explain the situation. They need to close it (and assure you that it will not be forced back open due to pending debits) or they need to put a total hard block on it. Not just an ACH block. The pdl's will try to put through an electronic check once they figure out they can't get ACH debits anymore. Whatever you do, get them to do something so that NOTHING goes through. And get it in writing. Please post tomorrow as soon as you get an aswer from the bank.
Hmmm, well, I don't feel like my bank was all that helpful (they
Hmmm, well, I don't feel like my bank was all that helpful (they've always been great to deal with before this, too). I have a pending debit card purchase (redbox video - $1 was authorized, and I believe we only rented one movie for one night, so really that's all that the final amount should be, but it hasn't finalized yet). I don't actually know why that hasn't finalized yet, it seems like it's been long enough that it should have by now. Anyway, the guy at the bank said they can't put any freezes or holds until that purchase finalizes. He said a couple of times, "There's nothing we can do about payday loans." Um... what? That sounds like crap to me. He said I have to wait for that redbox purchase to finalize, and they won't let me close the account with a negative balance. I had about $20 in there, and a payday loan fee for Oasis1 (that's the OMG loan) of $60 did go through late last night. There should have been four other payments scheduled, and none of them went through. I don't see any overdraft fees charged to me on my account right now - it seems like they should have charged me the overdraft fee for letting that payment go through, taking me into negative, so I hope it stays that way (without an overdraft fee, that is). As of right now, I have a negative balance of about -$40. I guess I should mail in a deposit to cover the exact amount of the overdraft (actually maybe $1 or $2 more to make sure I cover the redbox fee). By the time that gets deposited, the redbox purchase should have finalized and hopefully I can close the account or get a freeze put on it. He also made it sound like the only way to put a freeze on it, because "they can't do anything about payday loans," is if it's left negative for long enough the bank itself will freeze it because of that.
Obviously, I'm now a bit confused after my conversation with him.
I've received three e-mail responses from the PDLs so far from m
I've received three e-mail responses from the PDLs so far from my revocation e-mails - here is the first one: (This one my bank actually let the $60 payment through, even though it took my account into the negative)
Quote:
Per your loan contract, your required finance charge payment of $60.00 was set up at the end of the business day yesterday to run through your checking account today. Please be aware that if this payment is returned by your financial institution for reason of stop pay, frozen account, etc., your loan will be sent to an outside collections company. Provided that this finance charge of 9/20/07 clears your checking account, your payoff balance on your loan will be $260.00. Since your next scheduled finance charge due date is 10/04/07, this payment in the form of Money Order or Cashier's Check must be received in our Servicing Center by no later than noon on 10/3/07. The mailing address of our Servicing Center is as follows: OMG 941 'O' Street, Suite 800 Lincoln, NE 68508 Again, this payoff must be received in our Servicing Center as indicated above in order to stop the next scheduled finance charge from running through your account. Denise Oasis1 Marketing Group, Inc. 866-209-3035 |
Here's another company's response (I guess): Quote:Fax Numb
Here's another company's response (I guess):
Quote:
Fax Number: 1-800-803-8794 Email Address: customerservice(at)UnitedCashLoans.com We have received your application but have a few questions regarding your application. Please call us at 1-800-279-8511. Thank you for your interest in UnitedCashLoans. Thank you, UnitedCashLoans Please be advised, some responses are made via email. If you receive an email from UnitedCashLoans, be sure to open and review all attachments with the email. If your email address has changed, please inform the representative you contact of your new email address. |
And another: Quote:ameriloan Date: Fri, 21 Sep 2007 14:33:2
And another:
Quote:
ameriloan Date: Fri, 21 Sep 2007 14:33:23 -0500 From: "Britney Whelan" Good Afternoon Ms. "me", We received your email. Per your contract if you have revoked authorization and did not contact us to set up arrangements, you authorize Ameriloan to prepare and submit a check into your account for the balance of the loan. This is not something that can be revoked. Since you do not want us to call you, and you have to talk to someone in our department to set up payment arrangements. You will need to contact us no later than Tuesday the 25th to set arrangements. We can be reached at 800-536-8918. Thank you and have a good weekend! Britney W Ameriloan Collection Supervisor phone# 800-536-8918 ext 2015 fax# 800-803-9176 |
Yeah, banks can be hard to deal with on the phone. BTW - My
Yeah, banks can be hard to deal with on the phone.
BTW - My bank doesn't post the OD fees until the next day . . . . So they may still be coming.
I would call back and talk to someone else. Don't say payday loans. Say your account information has been comprimised (maybe you lost your purse or something) and you need to stop any charges, as you have nothing pending and nothing else is authorized.
Yeah, I figured there might still be some coming. That's a good
Yeah, I figured there might still be some coming. That's a good tip on how to talk to them - I'll try that. Thanks!
Kristi, Be sure to file with the BBB on United Cash Loans. I di
Kristi, Be sure to file with the BBB on United Cash Loans. I did and they responded. Said I was not their client and could not help me. I found that quite funny. Anyway..It was more response that some people received and it is helping my complaint with my AG.
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kris, your bank - once you send a deposit in and get it back into the positive status, ask them to please CLOSE it. Ask them if anything will "force" it back open. If the answer is yes, then tell them to put a "hard debit block" on it. ameriloan stated they are going to send an electronic check through. They will do this. Believe me. Tell the bank (if you want a story) that a "so called friend" got your bank information and is running rampent with it. Like goudah said, do not say anything about pay day loans. Tell them someone got your bank account information. It needs to be closed. Ameriloan is going to be putting a check through soon. You can count on that one. Remember if they tell you that it can be "forced" open, they need to put a "hard debit block" on it. It'll block the check from Ameriloan. Nothing will go through. Make sure they do one or the other. Because soon, they're all going to hit. United Cash Loans email to you sounds odd to me. They have a "question" regarding your "application"?? What? Probably just a way to get you to call them. However, in answer to your last question, please file all your complaints. You should have done this already. Get them filed as soon as you can. Start first with the BBB. Then go to the FTC. Then go to your state AG. File on all of the internet loans. Each one separately. If you have any questions, just post. :D
Again, that last post was me. And, yeah, I thought that United
Again, that last post was me. And, yeah, I thought that United Cash Loans e-mail was odd, too, but I figured it was just a way to try to get me to call. I'll file those complaints this weekend and I'll do what you said with the bank account. Thanks!