PDL Wisconsin Help

Hello and welcome, I also lived in Wisconsin at the time I was batteling my PDL's. Unfortunatly Wisconsin has no interest rate cap on these loans, so they can pretty much charge you what they want. I know for sure Cashnetusa and paydayone are licensed online payday loans. I don't believe MTE is licensed and they are going to be a little difficult to work with. Cashnetusa will call you everyday at work and home phone. They were never rude to me but they will try to work out payment arrangements.

Welcome to the forum! If you decide to close your bank account, be sure to read this information first:
http://www.debtconsolidationcare.com/paydayloan/close-account.html

Other than that, I'm sure that someone will be along soon to advise you further. Good luck!

In Wisconsin it is NOT illegal to close your account.
You will find the Payday loan laws for Wisconsin here (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

alias1958 did make a good point, defiantly check with your bank to see what their policy and procudures are on closing your account.
I would also prepare letters to each of your PDL's stating that your revoke authorization to make any further debits from your account and also keep a copy to show to your bank. I would also check all of your documents to make sure you didn't sign a Wage Assignment and if so you need to send a certified letter stating you revoke that as well.

thank you for all the help so far...can anyone advise which lenders are illegal?
Can someone also post a sample of the letter to revoke ach authorization?

I have read the banking post..so I am off to the bank this afternoon to see what they have to say.

I took a look at the wdfi(.)com website. Look in the Corporate search section. I found info on Paydayone, cashnetusa, cashcentral. The other ones showed nothing so those I believe are the illegal ones. I would write a letter to MTE, Impact and cashadvance network stating you found no info of them being liscensed to business in your state and looking at the amounts you have paid to them they should consider your account paid in full. You could also try filing a complaint with the Attorney generals office. They have complaint links on the site I listed above.

Do you have any other debts you are possibly needing help with ? the reason I ask is you might qualify for a program only offered for people in Wisconsin called Chapter 128. Chapter 128 gets its name from the Wisconsin state statute it falls under, 128.21. The main purpose of Chapter 128 is to repay debt without filing bankruptcy. It is NOT a consumer credit counseling program, but is a debt consolidation plan filed with the Wisconsin Circuit Courts, with documents prepared by an attorney. A trustee is appointed to administer the plan. I hope this helps :)

I looked into Chapter 128 before I filed Bankruptcy, but I had so much more debt outside of my PDL's bankruptcy was my only option. Chapter 128 may be a wonderful thing to just handle your PDL's because you don't have to list all of your debts on this. When I was going through my credit counseling program my counselor mentioned this to me as an option. If you do a google search on Chapter 128 in Wisconsin you will find more information and links to lawyers in your area.

I have little other debt. I had filed regular bankruptcy due to divorce 2 years ago, hence my in ability to get regular loans at decent rates. I plan to pay off the three that are legal and the other three i will fight with. just getting rid of those three will help immensely, but thanks for the info on chapter 128--very interesting.

I was reading through the forum and noticed there was something about MTE not being Licensed to do buisness in Wisconsin. I was wonderfing if anyone could help me with the letter I should submitt to MTE, I keep getting harassing calls form them./ Thanks for you help

CLC,
I'm battleing with MTE at the moment. They are not licensed to do business in Wisconsin or any state for that matter. Unfortuantly the WI laws pretty much suck, they pretty much say that if a company is licensed in their state and we contact them for the loan then it's okay. If they contact us first and they are not licensed then it's not okay. So I filed a complaint with the bbb.org and asked them to validate that they are licensed to do business in my state and their state, which is Oklahoma. I have also been sending them payments through my debt management company to satisfy only the principal I borrowed. I also filed a complaint with the FTC and dept. of financial institutions. I have one more payment to make to them and they better leave me alone after that.

may I ask how much was your orignal loan with MTE and did they make a settlement with you?

As far as filing complaints I have done so with Wdft already but would I also go onto bbb.org and if so What am I looking for

CLCL,
My original loan with MTE was $300 and no they did not make a settlement with me. My debt managment company sent them a proposal and MTE called me and said they would not accept it. I sent them the payments anyway through my debt management company and they have not been returned. So far I have paid MTE a total of $238 and I am going to pay the remaining $62 to pay off my $300 principal balance. I haven't heard from them in awhile, but I have a paper trail of all my payments just incase they try to pop up later. Just go to the bbb.org website and search for MTE and once you find them click on the drop down box on the left side and look for File a complaint. Ask for them to validate that they are licensed to do business.

My original loan was for $300 but they have since added additional charges so they are trying to tell be my balance is $624.00. Were you not added any addnital fee's?

They haven't emailed me or sent me anything saying what my balance is. I'm telling them what my balance is and what I owe them. I'm not paying anymore money than what I borrowed to those illegal people.

I have filed a complaint about them to WDIF. Also did you receive any harressing calls from them, what did they do when you "told" them what you would pay?

They called me for about a week straight when I defaulted with them, but I never answered the phone. Any communication was done with email and a proposal letter from my debt management company. The first complaint I filed with the BBB they responded with basically nothing. Just saying I didn't hold up to my end of the loan agreement and that my account has been forwarded to a collection company. I haven't heard from any collection company yet and my last two payments were mailed to MTE. I just submitted another complaint to the bbb about 3 days ago. The one time they did tick me off with a phone is when they called my job and my coworker answered my line. My co-worker told them I was out of the office and they didn't believe her and they called my co-worker by my name thinking I was pretending not to be me. Since they are illegal I'm only paying back what they deposited into my account and nothing more.

Hi I am back again, I was wondering if anyone knows the corrected address for these 2 pdls, Instantloan & upfront payday and if they are legal. Also I would like to thank you all for all advice, I was nervous about doing this why by myself and was going to go thrugh pdl Assistance but changed my mind when I realized they are a scam, Thank god I received my money back from them with the help of WDFI

Hi I am back again, I was wondering if anyone knows the corrected address for these 2 pdls, Instantloan & upfront payday and if they are legal. Also I would like to thank you all for all advice, I was nervous about doing this why by myself and was going to go thrugh pdl Assistance but changed my mind when I realized they are a scam, Thank god I received my money back from them with the help of WDFI