I want to settle with overpaid PDLs. Closed Bank Account!!

Guest, Welcome to the fourm. We are more than happy to help. We need you to list the pdl companies you have borrowed from, how much you have borrowed from each and the total of what you have paid back to each. If I remember correctly, the internet pdl must be licensed in VA to lend to you. I will post your laws for you so you can see them and the other members can too.

I was going to go with a PDL assistance company but then realized I could do it on my own. It's been stressful but I am making progress (one PIF plus a refund and two or three payment arrangements). Just know, there's a lot of support in this forum if you decide to go it alone!

They are:

365fastcash: $200 paid 148
usfastcash: $300 paid 90
mte financial(quickest cash advance): $300 paid 270
sonic cash: $400 paid 0
World wide cash: $200 paid 534
Cash Relief Unlimited: $200 paid 534
3B payday laons: $300 paid 465
Amerlioan: $350 paid 0
Litte Loan Shop: $300 paid 540
Cash Transfer: $300 paid 0
Pay Day Max: $420 paid 570

Way too much interest on all of these as you see. I just closed my bank account and froze all future transactions. Today I want to call and notify my PDL companies os settlment offers but it will take time for me to pay them. I am clearly overpaying the smaller loans just by paying renewal fees, and I have clearly overpaid some loans. Should I use an outside settlement company to pressure them and get this resolved?

Here is a great article that discusses escaping the payday loan trap.
hubpages.com/hub/Escaping-the-Payday-Loan-Trap

You need to close that account and get your payroll to issue you a live check for a while. That is the only way to get control of this situation. Check with your bank to be sure that they do not have a force open policy for closed accounts when it comes to ACH debits.

I have three of the same:

mte financial(quickest cash advance): $300 paid 270
3B payday laons: $300 paid 465
Pay Day Max: $420 paid 570

MTE is a pain in my butt... still working on them, 3b won't answer my c & d letter but payday max is willing to settle for the principal owed. :)

I am tempted to call the ones I have overpaid and ask for refund. I have always paid them and have overpaid them by hundreds literally. What do the laws entitle me too I am clueless on the PDL laws. Been doing research all day.

I just called and sttled with PDM for principle amount. Does anybody have a loan with AIP. I need to contact them.

Loan Terms:
Maximum Loan Amount: $500
Loan Term: Min: 7 days
Maximum Finance Rate and Fees: 15%
Finance Charge for 14-day $100 loan: $15
apr for 14-day $100 loan: 390%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: None (cannot refinance, renew, or extend)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: $25 NSF fee; Court Costs; Reasonable Attorney's Fees (not to exceed $250)
Criminal Action: Prohibited

Where to Complain, Get Information:
Regulator: Virginia Bureau of Financial Institutions
Address: State Corporation Commission, 1300 East Main Street, Suite 800 Post Office Box 640 Richmond VA 23218
Phone: (804) 371-9657
Fax: (804) 371-9416
Regulatory Contact: Susan E. Hancock,, Deputy Commissioner, Consumer Finance

WOAH.... PDM, please tell me that you are not paying them any more. I am sorry I left you hanging..I had to go..I am at work. According to VA law, the pdl must be licensed in VA to lend to you...if these are not licensed, you are only responsible for paying back what you borrowed. That is why I was saying please tell me you are not paying PDM any more...they owe you a refund.

You will find the Payday loan laws for Virginia here (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

I had a loan with 3bpaydayloan and overpaid $471.25. They did not respond to my cease and desist letters at all. I reported them to the BBB and AG and they never responded to them either; however about two weeks after I reported them I got an email saying they would refund the entire amount and I would be marked paid in full.

Have you reported them yet?

OK I been on phone all morning with these three:

3B payday: they agreed to stop debiting my account and I send in my final payment of 97.50 by mail :P

Little Loan Shop: They are bogus for that 10 installment plan. Settled for $180 with mail in payments of $90 starting end of month and 1 in June :o

PayDayMax: Agreed to settle for principle balance owed of $270. I send in Moneygram as I did before receipt tracking :P

I told them all to stop debiting my account, so far they have complied so far and was very polite.


Now the question is what do I do about the other companies like AIP, World Wide Cash, MTE? I heard these guys are rough to deal with. I already filed a complaint aginst AIP due to neglect of phone calls and emails. I have overpaid all three of these companies. Should I file with BBB and let them handle it. Most likely most of them will not respond. The loans will default this friday, so I am expecting calls mid next week from all of my PDLs I have not settled with. I am doing my reserach on the VA state laws. I see it is illegal to renew loans in my state, bt what about licensing of these companies? What can I do next. I will keep calling in hopes of settlment. I have been blessed so far, but I have other bills to pay as well. :roll:

Does anyone know if these are related or same company?

365fastcash: $200 paid 148
usfastcash: $300 paid 90
mte financial(quickest cash advance): $300 paid 270
sonic cash: $400 paid 0
World wide cash: $200 paid 534
Cash Relief Unlimited: $200 paid 534
3B payday laons: $300 paid 465
Amerlioan: $350 paid 0
Litte Loan Shop: $300 paid 540
Cash Transfer: $300 paid 0
Pay Day Max: $420 paid 570

Guest....you overpaid 3b paydayloans by $165 why are you sending them another $97. If they are illegal in your state you owe them nothing more and they owe you a refund.

AIP sent me a refund and World Wide Cash sent me a "PIF" cause they didn't like me filing complaints. If these companies are illegl to lend to you and you have overpaid on the principle; do not send them anymore monies....

OK, So I thought about these settlement offers and I am not sending jack to any of them :evil: I reveiwed my state laws and rollovers of any kinds are prohibited in VA. Also they can only charge $15 on every &100 dollar loan. So that mean I got some money coming to me hopefully. I spoke with AIP and they said the best they can do is settle at $200 next payday. I said Unacceptable. I paid $534 already in rollover fees which are illegal and they are not licensed. Same with WWC they said they need for me to default and such. I already closed bank accounts and froze everything. :D

I faxed a settlment letter to WWC,PDM/Credit Protection Services, 3B PayDay loans/3B Financial. I tried to fax to AIP but they keep changing fax numbers on me. Anyone got that new fax number to AIP?

I need the fax number to Little Loan Shop as well. I have overpaid bigtime with them!

Here is the list again:

365fastcash: $200 paid 148
usfastcash: $300 paid 90
mte financial(quickest cash advance): $300 paid 270
sonic cash: $400 paid 0
World wide cash: $200 paid 534
Cash Relief Unlimited: $200 paid 534
3B payday loans: $300 paid 465
Amerlioan: $350 paid 0
Litte Loan Shop: $300 paid 540
Cash Transfer: $300 paid 0
Pay Day Max: $420 paid 570

Oh I already filed complaints at BBB and AG, SCC on the following to back me:

AIP
World Wide Cash/Telmerica
3B Financial/ 3B Payday loans
PayDayMax/ Credit Protection Services

Very Good! :D

USFastCash and MTE (Quickest Cash Advance) are the same company (MTE). Not licensed/legal to lend anywhere in the United States. AIP is a "verbal agreement". Illegal as all hell. They usually respond well with just a BBB complaint filed. They refunded me my overpayment just with my BBB complaint. The MTE related pdls will be a total **** to deal with. Just warning you ahead of time. Cash Transfer will throw a wage assignment at your employer faster than you can blink your eyes. You need to send them a letter revoking any wage assignments signed, keep a copy, give a copy to your HR/Payroll person. They do NOT have to honor this wage assignment. These wage assignments are totally voluntary and can be revoked at any time. Any one of your pdls that are not licensed in your state, you owe the principle amount of the loan only. No fees. No nothing. Just the amount they deposited into your bank. Okay? If they ask for more than that, tell them to "go blow". File with the BBB, the FTC, and your state AG on any one of the pdls that are not licensed in your state. File all complaints. The BBB and your state AG will contact the companies on your behalf.

[color=Red]****Adult term removed - Jason[/color]

It's me above-GUEST-
If the payday lenders are licensed, but not my state. Do my State Laws superceed there contract?

Also if they are not licensed at all, am I obligated to repay them back? I have filled BBB complaints on 6 of them already.

It's me above-GUEST-
If the payday lenders are licensed, but not my state. Do my State Laws superceed there contract?

Also if they are not licensed at all, am I obligated to repay them back? I have filled BBB complaints on 6 of them already.

It's me above-GUEST-
If the payday lenders are licensed, but not my state. Do my State Laws superceed there contract?

Also if they are not licensed at all, am I obligated to repay them back? I have filled BBB complaints on 6 of them already.

Sonic Cash is tough.... I paid them $300 of the $500 I borrowed and they want $540 and no less...told them to pound some sand and $200 is what I will pay....havent heard from them in weeks...

Cash Transfer Centers is TOUGH...they are in Canada and ILLEGAL... offer to pay back what you borrowed and thats it... bet they agree...

I just got a statement from my closed bank account that the PDLS tried to debit my account weeks after I revoked them and sent certified letters... they tried to debit $2200 .... all denied of course.... they should be calling again this week

-GUEST- ***UPDATE***MTE Financial replied to my BBB complaint saying that they are going to try and reach a fair settlement with me. I sent a rebuttal to BBB saying they left a voicmail. There was no settlment reached between me and MTE..lol. They are cluless over there. When I called a Nikki back in their customer service she said I needed to contact a Sabrina in another dept, then that lady told me my file was sent to compliance dept for review. She said it was not in collections though. I said ok so how will I be notified, she said by email. I have yet to be notified. So I am not holding my breath. I think I will be be seeing a "PIF" very soon! :lol:

-GUEST_oh ya the voicmail said that they were not going to be debiting my account anymore and that they were willing to set up arrangments with me. I was thinking arrangements. I paid $360.00 towards a $300.00 loan. So I put the pressure on em with the BBB. How much more money these guys wanna screw me out of Geez!

havent heard back from MTE yet on mine...it i had quickest -cash - advance...i have paid over $700 on a $300 loan. i sent them a letter revoking debits...but the are not scheduled to debit my checking account until next friday..so i guess i will wait and see.

***UPDATE***
OK
USFASTCASH-Credited me $180 and settled for only principle owed after reported to BBB.

CTC-settled for split payments of principle owed.

SONIC-settled for split payments of principle owed no fees.

MTE,365fastcash,PDM,AIP,3Bpayday Loan- Since I filed BBB & AG repots have not heard anything.

PayDayMax closed my accounts and got scared, as did MTE and 3B. So I think I will get a PIF soon! AIP and 365fastcash are a joke and illegal and all 5 are way overpaid anywayz! I think I can force them to a PIF.

So I didnt higher a company for my 11 loans I am doing it myself and doig well so far thanks to this forum. It is crazy but getting help from this web site! Thanks all!

Little Loan Shoppe emails me saying if this:

[color=Olive][size=2]Dear This letter is to advise you that your mail in payment has not been received. This means your account is currently in default and subject to debt collection activity. We have many resources and repayment options available for your convenience. We would like the opportunity to assist you in resolving this issue as soon as possible. Please contact our office immediately to avoid further collection activity and costly penalties on your account. You may contact us by: e-mail at [email]resolution@littleloanshoppe.com[/email] Phone at 1-866-223-7549, Fax at 1-800-230-0428 Sincerely, Nicole Customer resolutions Little Loan Shoppe [/size][/color]


I replied with the same letter I emailed the customer care department stating my overpayment and state laws. I also stated I will be in contact with BBB so they can communicate with them about this matter. Is this another scare tactic? Also they called me today out of the blue on my cell. I am not worried because I overpaid them by $195 on a $300 principal loan. Total paid to them is $550 so far and they want $180 more. I said no way I want a "PIF"

Nice to see you back cannr! I guess there is no rhyme or reason to why or how they do what they do. I had no problem with ameriloan or UsFastCash. After I complained to the BBB, Ameriloan settled almost immediately. UsFastCash, gave me a PIF, with $30 remaining, after I contacted Intercept and they called them. MYCashNow gave me a PIF immediately after I sent my C and D letter to CPD and a PIF on PayDayMax for the balance remaining on the principal only. Star Advance just gave me a PIF just for my aggravation after I got to their Administrator. Seems like others go through hell with these people. It was like someone waved a magic wand and they were gone. Perhaps it was the "PDLs are prohibited in New York State" flag I was flashing in front of their beady little eyes. I say, never give up trying. They are so unpredictable in this respect it isn't even funny. You never know what you will get from day to day.

So should am I doing the righ thing buy sticking to my guns on these overpaid PDLs.

365fastcash: $200 paid 148
mte financial(quickest cash advance): $300 paid 270
World wide cash: $200 paid 534
Cash Relief Unlimited: $200 paid 534
3B payday loans: $300 paid 465
Litte Loan Shoppe: $300 paid 540
Pay Day Max: $420 paid 570

I am in VA.

**UPDATE**
I just got an email from compliance dept MTE stating they got my letter as a vaklued customer they will marked my account paid in full after I pay $300. I already paid them $360. I filed a complaint to the BBB and they responded to BBB, stating they was working on a settlement with me, which was false. I get an email today saying pay $300 in 7 days. No way. So i am gonna notify BBB of what they sent me, and also file complaints with AG when my bank statements arrive today. MTE didnt even credit me my $360 I have already paid them. I asked to mark my accoutn paid in full. They want me to pay them $660 on a $300 loan. Unreal.

Hello all,
I got my first PIF with USFASTCASH today! Also I never heard anything from MTE since I rejected their last settlement offer of $300 on top of $360 I already paid them.

365fastcash.net is a pin in my butt. They claim I owe the $274 on top of $148 I paid them on an ILLEAGL $200 loan. I been back and forth on their customer service website standing my ground. They have seemed to tack on interest to my $200 loan which noe totals $422 they claim I owe them. They continue to debit my bank after I revoked their authorization and closed my account. These people are nuts! I just am keeping a log on all events and refuse to pay them the outrageous fees. Have i mentioned it is a VERBAl agreement and they are ILLEGAL in the US period! Anyone ever dealt with 365fastcash.net? They have no contact numbers or even a fax or mailing address. Go figure.

AIP, World Wide Cash, Little Loan Shoppe, 3B payday Loans, and PayDayMax have not even contacted me since I filed with BBB, AG, and SCC. I am demanding refunds for I have overpaid all these companies by hundreds!

Sonic Cash settled for the principal owed after I emailed their account rep stating my right and obligations. She accepted after conversing with her supervisore in a week.

CTC have called me, but not that much. I sent them partial payment on friday towards my LEGAl obligation of $300. I have mailed, faxed all revocations of wage assignments and propasals. I only plan on paying them the principal only and that is it.

Well that is my status on my 11 payday loans...whew! i didn't think I can handle all these an considered highering a service, but why do that and pay more. I am handeling it the best way possible with the help of this forum. Thanks Goudah and Roxy!

I had a loan with AIP. I sent a C&D letter and Have heard nothing, its been over 3 weeks.

Ok I just got a voicemail from 3B Payday loans stating not only are they going to refund me $300, but alos mark my account PIF. How shocking because it was exactly what I asked for in my complaint to the my AG :D I called the rep back and asked for this in writing or email. I also was curious to how they was going to refund me $300 all of a sudden. She told me they sent it to my bank account today. I told her you sent money to my bank prior to my consent or knowledge. I then told her that bank account had been
closed so I will need to accept other form of payment via check, money order, etc.. She said she had to speak with supervisor on that.

What is to say you send me $300 mysteriously and claim it was a loan. I DONT THINK SO! I want it in writing! Anyone else agree??

This is what I wrote them in response to her voicmail today:

10 June 2008

Edited by Shazzers
Personal info removed


3B Financial/ 3B Payday Loans

SUBJECT: ACCOUNT BALLANCE REQUEST



To whom it may concern:

I am writing this letter in response to your companies settlement offer received 10 June, 2008. I received a phone call from your companies CS rep "Angela" in the collections department ext#1165. She informed me that 3B Payday loans will be refunding me $300 and marking my account "paid in full". I am requesting my account balance as of today 10 June 2008 via email. Also I contacted Angela 10 June, 2008 and informed me the refund was sent out to my bank account information on file with your company prior to my authorization or knowledge. That bank account has since been closed. Please read the letter below that was faxed and emailed to your company on 13 and 14 May, 2008 which was acknowledged. I am unable to accept refund in this manner so I am requesting the refund amount of $300 in form of money order, check, or money gram if possible. Thank you for your time and consideration in helping me bring this matter to a close.





Sincerely,



Ms. Roberts





cc: Bureau of Financial Institutions

cc: VA Attorney General's Office

cc: State Corporation Comission

cc: Department of Financial Institutions

cc: Bank of America[/size][/color]

P.S.
Cash Transfer Center folded today accepting my settlement offer of the principal. Received letter in the mail marking my account "PIF". Done with them.

3B Financial is cutting me a check for $300 refund and marked my account "PIF" as well today. So that is that! :D

Ooops. Forgot to sign in. That was me above :D

Congraulations anyaroberts, well done!!!

WOW! Just got my 4th "PIF" and 2nd refund. World Wide Cash is sending me $304 as I requested. Got a letter response to my BBB complaint. I am saving this one for my records! Thanks guys! :D

WOW!!!!!!! CONGRATS anyaroberts. Oh what a feeling this is. I love this and very happy for you. :!: :!: :hug:

That is so great!! I hope I get the same results. I spent most of my day emailing PAYCHECK TODAY. Talk about idiots!!!

Thanks!! :wink: Best of Luck!!

Hello All,

So what is the deal with PayDayMax d/b/a Credit Protection Depot not contacting you after you put the fire on them with all the complaints. All I get is new loan offers and thank you for being a valued customer via email. :roll: Does this mean my loan is paid in full? If you have any experience with them a lil advice would be helpful on how to proceed. Should I call and demand a PIF in writing or just let it go? Anyone have their email address?

Also MTE is the same way, no response after I filed complaints. I am not complaining about the silence, but I like to see a PIF in writing from these 2 since I overpaid. :wink:

Ok I called PayDayMax. They marked my account "PIF" 2 months ago :D :D I will take it. Not holding breath on that refund. :P I have gotten $604 back already from 2 other PDLs so I am happy :P . I sent MTE my final email urging them to reply within 72 hrs or I will consider this matter closed. THANKS ALL!

what that mean 100 per 15$? is that per every 2 weeks or year?

because i have 850 in loan and they charged me 160 every 3 weeks, it being 4 payment already. and another loan of 600 they charged me 720 in 2 weeks and i had to renew it agaian and again because don have money to pay my bill. so it is legal for them to charge 15 for every 100 every 2 weeks???

Klin it depends on your PayDay Loan laws in your state. Now $160 every 3 weeks sounds ridiculous and ILLEGAL! Also you stated $720 every 2 weeks..YIKES! Please tell me what PDL company you are with for these 2, and what state you are in.

What should I write in a C and D letter? thanks!!

i need help with my loans can someone please respond i have 3 loans out with
1. 200 with achloan
2. 700 with paychecktoday
3. 350 with paydayloan yes

Virginia Internet payday lenders are not legal, either because of restrictive laws, or because the state does not license companies not located in that state, but requires a state issued license to lend. If you need further assistance on what to do, start a new thread and someone will be around to help you. It gets pretty confusing when everyone has to bounce back and forth between threads, and it's a lot easier to follow if you place all your information in one place. I posted the laws in the other topic. :)