Payday Loan Yes

and what does she want ?????

probably to illegaly threaten as first national is a bottomfeeder attempting to collect for a totally illegal ipdl.just know that this person can't and won't do a thing she says she's gonna do.i dealt with them myself.total bottomfeeder.

Since I've closed my bank account and they couldn't withdraw their payment last Friday, I'm sure that she's calling with threats. Since ipdls are illegal in my state sound like no reason to worry?

exactly.they will threaten some outrageous things,but being illegal they can't do any of it.

Thanks Paul - I appreciate your help and support!

me pleasure my friend.

So I've only been in default for 1 week and the phone calls and emails have started coming in.....Do I answer the phones and return the calls or just ignore them? Once accounts are turned over to a CA do I have to resend the documentation for the C & D, the revocation of voluntary wage assignment and the ACH debit? Can someone please guide me?

well generally a CA can't debit your account,garnish wages or sue.yes re-send your C&D letters.a CA has to comply with the C&D.actually a JDB can take you to court,but a DV and C&D letter usually stops them.in regards to the e-mails and calls.i wouldn't call them back.all they will do is threaten stupidly.you can respond to the emails with your state laws,and the actual amount you owe if anything.

What is a JDB?

junk debt buyer.some come on here stating that the FDCPA doesn't apply to them,but it does.

So I'm trying to work through the PDL's I owe and repay the principle that I have borrowed, however, I was in so deep that I am unable to do this all at one time. Do I need to be worried about how quickly I can repay these? I'm trying to focus on household bills and the 2 legal PDL's that I have as a priority - the legals are PDOne and Think Cash. THe rest are illegal IPDL's.

the illegal ones will harass, threaten and intimidate you to try and get your payment. Taking you to court isnt really an option for them as they are illegal to lend. You only owe them the principal borrowed.

The illegal ones usually will not abid by the C&D letters. Because harrassing, threatening, and intimidating you is all they can do to try and get their money. LOL.........wait til they threaten you with being arrested, possible felony charges for internet bank fraud, filing suit, garnishing your wages, you name it I think they have said it to me. In the end they got nothing more than the principal amount I borrowed and that was paid in payments that I could afford, not what they were saying they would accept for my payment amounts. You owe them, if they want their money they will have to work with you on the terms you can afford and not what they are demanding. Stand your ground and be firm!!!! What else can they do........remember they are illegal!

If a pdl is illegal, why are they allowed to stay in business?

Thanks for your help. This web site has been a God send! I just feel so much better being back in control of my finances that it's incredible.

Does anyone know if Think Cash uses a 3rd party collection agency that might be willing to work out a EPP less than what the original contract states? I talked with Think Cash and they refuse to give at all. I want to take care of this debt, but also need to keep up with my other bills. Please advise...

I am not too sure if they use 3rd party collectors since they are backed by the First Bank of Delaware. They may only do in-house collections since they possess a valid license in DE. Hey but I am not absolutely sure. I know CashCall uses 3rd party collections.

Your best bet is to keep calling untill you reach someone who is willing to listen or take your chances in court. The judge may be a little more forgiving if you have been making an effort to repay. However, it is up to you to prove that you made these efforts. Please document everything you sent ThinkCash.

Hopefully it never goes this route. Best of luck to you :wink:

I can confirm that Payday Loan Yes/Fast Cash is backed by the First Bank of Delaware and licensed in the state of DE and UT. They have an in-house collections department. After 140 of delinquency, accounts there are charged-off, reported to credit reports and sold to a 3rd party agency, usually a lawfirm.

Payday Loan Yes or Payday-Loan-Yes is also back by first bank of Delaware? This thread is specifically referencing Think Cash and Payday One, not pay day yes. I'm just trying to clarify this information to make sure that I have an accurate understanding? If accounts are charged off and sold to a 3rd party agency (lawfirm) can they pursue a civil suit since the original loan wasn't with them?

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I do know there are two separate entities, one is Payday Yes, the other is Payday Loan Yes, if my memory serves me correctly Payday Yes is a legal entity, Payday Loan Yes is not and out of Malta, or maybe I have it backwards. Anyway, I sent an email to the Bank Of Delaware for clarification.

OK, I did some checking and Payday Loan Yes aka Global Payday Loan, LLC aka e-payday-loan aka Fast Cash Advance aka cashnet500 is NOT licensed to lend anywhere and is NOT backed by the Bank Of Delaware. PAYDAY YES IS a legal lender and backed by the Bank Of Delaware.

Thanks Shazzers, I guess that I was confusing Payday Loan Yes with Payday Yes - the names are so similar.

So can a 3rd party pursue legal action against a person if the loan is illegal? I would guess not, but would like to confirm. Can a 3rd party pursue civil action if the debt is a valid debt (for example installment lender)? Please advise.

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