pdl help in SC

Quote:

I do not know for a fact that they are illegal. I was hoping someone on here might be able to tell me. Thanks

To verify if these payday loan companies are licensed to do business in your state. You will need to check with your state Dept of Financial Institutions.

You can find them by googling your state's DFI. They should have a licensee database to search each PDL company.

Payday lenders must be licensed in your state to lend to South Carolina residents, I don't think any of yours are, bu I'm not 100% certain because I don't have time to research them right now. As stated above, check with the South Carolina State Board of Financial Institutions at (803) 734-2020.

Thanks! I'll keep you updated.

Talked to Bank. Account is now closed. Direct Deposit has been stopped. E-mailing letters tonight. Already spoke to the storefront pdl, who is legit, and they were very helpful.

Keep up the good work, I hope everything works out in your favor, please keep us posted on your progress.

Does anyone have an e-mail address for GRC Funding, Mesa Financial and DJR Group, LLC? Thanks

when you call the ipdl's to settle on your own, what do you say to them? Is it something like you can no longer afford to pay them and want to settle? do they want the money immediately? Thanks

I have not sent my e-mail letters to the companies yet. Should I do it tonight or wait till tomorrow, draft day?

Send the letters as soon as your bank account is secured!

okay. I'll send them immediately. I'm using one of the letters posted on here. Should I use the same letter for the one's I've overpaid and add a line or two telling them I need want a refund?

I would just use them as a sort of guide, it's probably best and would make a greater impact if you use your own words. It doesn't need to be fancy, just tell them the facts. There have been too many unlicensed lenders recently complaining that this particular letter is circulating around the Internet and incorrect. lol The ding bats! That's why I would recommend you use your own words.

Don't mean to be ignorant, but I guess what I need to say is the I financially can not afford to pay any more, reference SC law re: pdl's and tell the ones I owe money on the principle that I need an address to mail the $ and the one's I overpaid to send me a pif and refund. Does that sound about right?

That pretty much sums it up!

Thanks for the advice Shazzers! I'll keep you posted on my progress. Looking at my list, are there any you see that will be easier to deal with than the others?

Unfortunately no, not in my experience. However, you just never know! Good luck and take good care.

All letters e-mailed except DJR, Mesa and PayDay Service. Anyone have e-mails for them?

Well, I e-mailed letters to my pdl's. Below is a response a reveived from eastside lenders. I borrowed $300 from them and have paid them back $782.50 to date. How should I reply back to them? Here's ther reply:

East Side Lenders is responding to your correspondence regarding the
above-captioned account.
East Side Lenders, which is located in Delaware, is licensed by the State of
Delaware to make small loans. All such loans are approved and funded in
Delaware, with repayment to be made in Delaware. The East Side Lenders loan
agreement and website contain all disclosures required by Delaware and
federal law and make it clear that all transactions are governed by Delaware
law. On the advice of counsel, East Side Lenders maintains that the choice
of Delaware law as controlling in the loan documents would be upheld, as all
of the significant contacts in the loan transaction occur in Delaware. The
loan agreement is legal and enforceable. In responding to your
correspondence, East Side Lenders notes and reserves all available legal and
equitable objections to the points you have raised.
East Side Lenders provided this service as a convenience to you. We still
consider your loan to be outstanding and are prepared to go to arbitration
as provided for in the Loan Agreement between us. As an alternative, if you
are experiencing financial hardship, we will be happy to speak to you about
payment arrangements through which you can successfully meet your payment
obligations. East Side Lenders will consider doing so because of our
continuing commitment to servicing our customers and not because of a legal
obligation to do so.
Should you have any further questions regarding this matter, if you wish to
speak about payment arrangements, please contact us at (800) 689-5603.
Sincerely,
Customer Service

Is that what your original contract says? Was this an istallment loan or a payday loan?

I do not have a copy of my original contract, but their website says they are a payday loan company. I owe them $55 left to pay the loan off, do you think I should just pay it and forget trying to recoup any of the $ I overpaid?

if that's the case then no you at least get a PIF(paid in full).it seems you overpaid already.eastside is a payday loan,and and illegal one at that.they sent me the same thing about arbitration.guess what?i overpaid and got the account closed with a zero balance.again do not pay them another cent.

should I just reply back and state again how much I overpaid and ask for the pif and refund

I would just tell them the state you are a resident of prevails.

Starting to here from some of my pdl'ls since the ACH withdrawals were returned "account Closed". It seems they, mainly, Nationwide, 500 FastCash, Integrity advance and Oneclickcash, are ignoring my letter I sent them via e-mail and calling me. Is this typical. Should I answer the calls and refer them to my e-mail correspondence or just say "look, you you can't get blood from a stone, give me a physical address to send payments and I will send you what I borrowed." Please advise. Thanks

One click calls me too. I just hang up on them after telling them they cannot contact me other than USPO. Then I resend the e-mail but I've overpaid them so I requested paid in full letter and refund. You can ask them for a physical address and don't back down. I'm going through that with Eastside; they will not give me an address, they want me to send a moneygram (or whatever). Also, they're asking for amount borrowed plus the fees. I haven't got to the negotiation stage yet with them.

If you hang up on them, reminding them they're not to contact you, and resend your letters, eventually the calls will stop.

aubrey, have you filed complaints with your AG's office?

Here is an update on my progress. As I mentioned, I sent all of my pdl's a letter similar to the one on here about stopping the ach etc. on 8/14, except one, DJR Group. Since that time I have received a couple calls, none of which were that bad. Nationwide was the only one who read me all the criminal penalties associated with stopping my ach withdrawal, which she called a bounced check. I thanked her for the call and hung up. I'll call her back later. Two others have offered to settle, one I overpaid by $515.00 wants to settle for $150 more. One that I have yet to pay any on a $400 loan offered to settle for $550.00. What would ya'll's advice be on these two offers? I countered back at $460 on the $550 offer, but she said no.

you owe 400.00 on that loan.my offer would be.

give me an address to send the 400.00 i owe you.

if they refuse,they get zip,nada,bupkiss.460.00?you owe 400.00.nothing more.

Paul, I figured $460 because in SC they can only charge $15 per $100 lent. But after further thought, that only applies to lenders legally lisinced to lend in SC, correct? I will do as you suggested and let them know once again they are not licensed to lend in SC and I will be paying them $400, nothing more. Thanks for the pep talk!

On PayDay Services, whom I have paid $975 on a $400 loan, I would expect I should tell them to pound sand, they will not receive another cent. Plus demand a PIF. Sound about right?