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I have 5 PDLs in Montana and would like help

Submitted by momr&a on Wed, 09/19/2007 - 17:52
Posts: 34
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I'm in Montana and I have 5 internet payday loans - I just found this forum and need help getting rid of these PDLs. Thank you!

ameriloan - 250 - first payment of 75 due 09/20
Loanshop online - Isle Ventures - 300 - first payment of 90 due 09/20
Unitedcashloans - 300 - first payment of 90 due 09/20
OMG Group (oasis1 marketing group) - 200 - have paid 120 (2 payments of 60 each) with a payment of 60 due 09/20
MLadvance/JHPartners - 300 - have paid (I think) 270 (3 payments of 90 each) with a payment of 90 due 09/20


I have contacted my employers to have my direct deposit changed to another bank, but I may have a paycheck still coming to my original bank tomorrow (and maybe Friday from a second job, but hopefully not). Hopefully, my next paychecks will go to my new account.

I haven't closed my bank account yet (and in reading the sticky about closing accounts, I guess I'm glad I haven't done that. I still need to do the revocation letters. Well, I just e-mailed revocation letters, but I need to print them tomorrow and mail them - and maybe fax them?)

Thank you so much!


kris, if you have any problems, just post. I'll be here. As will others!


Submitted by cannr on Fri, 09/21/2007 - 18:56

cannr

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Good! You are off to a good solid start! Keep posting updates for us, and any questions you may have.

The bank account is the main priority. It's got to get protected. Next time you call, I really wouldn't even mention payday loan. Just stress fraudulent and unauthorized transactions may occur because some scam companies have your account information.


Submitted by goudah2424 on Fri, 09/21/2007 - 20:33

goudah2424

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Now that all the NSF charges have hit, my account is overdrawn about $350. I don't have that much to send in to bring it positive yet. I tried telling the bank someone was using my information without my authorization, i.e., someone had gotten my account info and was running rampant with it, but they didn't seem to care too much. They won't close while it has a negative balance, they won't waive any fees. They'll put a block on those five companies (and I do have the option of choosing "any amount," so if they got sneaky and tried to debit any old amount, that wouldn't work. It doesn't solve their name-changing shenanigans, though), which they'll charge me fees for, but not until I've paid the overdrawn amount plus pay the fees for the additional blocks.

I have filed almost all of the complaints. I'm still working on the AG complaints.

Is there anything else I can work on, any further letters to these PDLs or anything, while I'm working on getting the money to send to the bank?

Thanks!


Submitted by momr&a on Wed, 09/26/2007 - 22:18

momr&a

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kris, this sucks. Okay. You've sent out the "letters" to all your pdl's, right? You've filed complaints with the BBB, the FTC, and your state AG, right? If so, then it's going to be a "waiting game" now. As far as your bank, can they not do a TOTAL debit block on the account? Just blocking those names may not work. These pdl's will use another name to sneak debits through. It just worries me. I'm afraid that they're going to slide something else through and your account will continue to get deeper into the negative. Can you ask them about putting a TOTAL block on the account? There honestly is no reason that they can't. They can do this. If they say "no", can you please ask them the reason they can't do this?


Submitted by cannr on Thu, 09/27/2007 - 04:44

cannr

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Yes, this definitely sucks!!

I've sent the revocation letters to all the PDLs. I've filed complaints with the BBB, FTC, and DFI and am working on the AG complaints (I have to go to the library and print out the complaint forms, then I assume print pertinent e-mails and copy paperwork, etc).

I tell ya, I'm pretty worried about my bank account getting more and more negative, too... in one conversation, the bank mentioned they would freeze the account once it got "too negative" (I'm paraphrasing there), but I have no idea at what point that is. The bank keeps saying they can't put any kind of block on it until it has a positive balance. I'll have to call them again and try again and find out why they say they can't put a total block.
Thanks!


Submitted by momr&a on Thu, 09/27/2007 - 10:59

momr&a

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kris, you're doing good. It's your bank that's causing the main problem here. They CAN put a block on it. I understand they can not CLOSE it because it is in the negative. Fine. However, they CAN put a block on it. I get so ticked off when these banks do not help their customers. If they were talking about putting a "freeze" on it, tell them to do that NOW. If they're waiting for it to go even further into the negative, that's just showing you that they're trying to get as much fees out of you as possible. Tell them you need a total debit block or a freeze. Be very persistant about this. Oh, it just makes me so mad.


Submitted by cannr on Thu, 09/27/2007 - 11:06

cannr

( Posts: 9317 | Credits: )


UnitedCashLoans replied to my BBB complaint - I'm posting their reply - Can someone help me on how I should reply? It's good that they agreed to just take the principal, but there's no way I can pay the whole principal amount - $300 - by October 5th. I'd have to make payments.


Submitted by momr&a on Fri, 09/28/2007 - 11:26

momr&a

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Okay, kris. Standard form email response. However, if you agree to the amount, then do this - counteroffer. I personally have not done this with MTE; however, others have and it has been accepted. Respond back with agreeing with the amount; however, it can not be by October 5th. Tell them when you can send payment. It's worth a shot. I've read others counteroffer and they accept it. Okay? Of course you can't pay that by that date. That's insane. Counteroffer. See what happens. It's worked with others here. :D


Submitted by cannr on Fri, 09/28/2007 - 11:30

cannr

( Posts: 9317 | Credits: )


Thanks - that's kind of what I figured. $300 is what they loaned me, and I've paid nothing so far. I figure I'll also mention again that they can't legally lend to me unless they're licensed in my state, which they're not.

Can I use their two attempted debits the day before saying they'll let me pay just the principal against them, or as leverage to get them to agree with me, in any way?

BUT, after posting that, I just checked my bank account online, and on 9/26/07 (the day before UnitedCashLoan posted this reply to the BBB), I have 2 NSF fees for UnitedCashLoans trying to debit (and 2 from ameriloan, 2 from Moneyline, and 1 from LoanShop).

I'm trying to get in touch with my bank to again beg for a hard block - I've authorized nothing further at all to be taken from this account, and this in insane. Now I'm negative with the bank around $550. Argh!!! This account needs to be closed or at least a hard block put on it - and two attempted debits in one day, leading to two NSF charges for one company (done by three companies)??? That's insane!!!


Submitted by momr&a on Fri, 09/28/2007 - 11:38

momr&a

( Posts: 34 | Credits: )


kris, unfortunately MTE will debit the hell out of you. They will not stop. They'll keep hitting it trying to get money. You need to do something with your bank account badly!

As for the response, just respond stating that you agree to $300 to pif; however, October 5th is unacceptable (tell them you don't even get paid by then or something) and give a date you can pay them.

Whenever I was given an offer by MTE, I just flat out refused it because they wanted more money when I had already over paid.

However, others have gotten reasonable settlements by counteroffering. Do this. Agree with the amount, but not the date. See how they respond.


Submitted by cannr on Fri, 09/28/2007 - 11:44

cannr

( Posts: 9317 | Credits: )


Is MTE one of mine? Is that the same as MoneyLine? I believe that's the name that debits for MLAdvance (MLAdvance is one you guys couldn't find from my first post when I posted my 5 companies). I've seen quite a few posts about MTE. If that's who MoneyLine/MLAdvance is, then I guess I should go back to the BBB site and complain about MTE. If so, anybody have an address for them to help me figure out who to complain about?

I honestly can't believe my bank let 7 debits try to go through on the 26th, (3 companies twice each), of course charging me NSF fees for each one. I've already told the bank that there were no further authorized charges. How many fees are they going to charge me before they decide my account is too overdrawn and close it themselves? Holy crap!! I wonder if I should complain to the OCC, or maybe it's too soon for that...

I will respond to UnitedCashLoans via the BBB counteroffering and see what happens. Thanks!


Submitted by momr&a on Fri, 09/28/2007 - 11:59

momr&a

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Does anyone know if loanshop/isle is illegal in Texas. They have taken $90 out of my last nine checks for a $300 loan. I tried to call the number given to my bank, and for the longest time the number didn't work. I called again yesterday to only wait listening to a recording. I wanted to pay them off 8 paydays ago, but couldn't contact them. I explained it to my bank, and they said if I come in and sign an affidavit they will refund my money. I am only willing to do this if I cannot contact the company. I believe that I have been overcharged due to their evasiveness. Any advice?


Submitted by on Fri, 01/04/2008 - 10:10

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Call Helena, State Banking commission, they will tell you if they are licensed to lend here.

If they are not, you can file a complaint on their website and they will issue a Cease and Desist letter to them.

You can also find a list of MT State licensed lenders.

Good luck :wink:


Submitted by on Mon, 11/17/2008 - 09:31

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