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What have I done? Help me

List the original amount of the loan for each account
EDESC Silverleaf management taken out 4/29/08 of 300.00 90.00 finance charge...5 payment of $90 1 payment of $140 and $125... CMG Group LLC...can't figure out name $300 taken out and at least 4 payment os $90... Loanshop/douglas...they called us b/c we over pd them but in order to cancel the $300 we had to take a $200...pd $60 twice...
List what you have paid so far for each loan.


List what state you currently reside in. OHIO




Hi there kendg17 and welcome to the community! Let me see if I have this correct.

Silverleaf Management LLC aka UpFront Cash- Borrowed $300., paid back $715.00 ??

CMG Group, - Borrowed $300.00, paid back $360.00??
10108 Summer Oak Ln, #103
Las Vegas, NV 89134
Tel 866-516-9300
Fax 866-516-9700

CMG Group
P.O. Box 636
Charleston, Nevis
West Indies

Loanshop/douglas - Borrowed $200.00??? Please explain this one further.

Sub: #1 posted on Mon, 08/18/2008 - 04:11

Shazzers Shazzers
Moderators Cum Industry Expert
(Posts: 17342 | Credits: 1581.98)

kendg17, I don't think any of these are going to be licensed to lend to Ohio residents, I am going to post your laws and give you a link to the licensee data base for Ohio so you can check to see if they are licensed, but I'm pretty sure they aren't. CLICK HERE to search these pdl's for their license.

Quote:
Ohio State Information

Legal Status: Legal (Applies to check cashers only)

Citation:
Ohio Rev. Code Ann. ???????? 1315.35 et seq.

Loan Terms:
Maximum Loan Amount: $800
Loan Term: Max: 6 months
Maximum Finance Rate and Fees: $10/$100 + 5% per month
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: One
Rollovers Permitted: None (cannot refinance)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: Bank charges (if disclosed); $20 collection charge; Court Costs; damages
Criminal Action: Not Specified

Where to Complain, Get Information:
Regulator: Ohio Division of Financial Institutions
Address: 77 South High Street, 21st Floor Columbus OH 43215
Phone: (614) 728-8400
Fax:
Regulatory Contact: Robert M. Grieser,, Deputy Superintendent for Consumer Finance

Sub: #2 posted on Mon, 08/18/2008 - 04:15

Shazzers Shazzers
Moderators Cum Industry Expert
(Posts: 17342 | Credits: 1581.98)

I hope the information below will help you. :)
You are only obligated to pay back the principal amount you borrowed from an unlicensed/illegal Internet Payday Lender.

What should you do?
Close your account asap, if you are unable to close your account, go into your bank and ask to speak with the Branch Manager, tell him/her you need a hard debit block placed on your account immediately! Explain that you are revoking ACH authorizations from unlicensed/illegal companies, and have learned these companies are notorious for ignoring revocation, therefore it is important to BLOCK any withdrawal attempts on your account to protect your interest. This is your privilege, do not accept no for an answer. The following link will provide you important information regarding closing accounts. CLICK HERE

What next?
AFTER your account is secure send each pdl (the unlicensed and illegal) an email similar to THIS (please scroll down to locate letter template). Tailor this letter to your needs, and try to write it with the same basic concept in your own words. You will need to research and locate email addresses/physical addresses if you don't already have them, I suggest that you type the name of the pdl (example: "oneclickcash address") in the search box in the upper right hand corner of this forum. You may also search for addresses HERE at the Better Business Bureau.

File complaints: Most of the time, you can file a complaint online with the following, I encourage you to follow through with doing so, you will need to search the Internet for your state Attorney General's website, however, here are links to file complaints for the FTC, Online complaints: Federal Trade Commission., and the BETTER BUSINESS BUREAU.

Keep in mind that you may not receive a response for days, or even weeks, or, you may receive harassing and threatening phone calls. I have found the best way to deal with this is not to respond or reply, simply hang up.

Side note: If you have paid an illegal/unlicensed payday lender above and beyond the principal amount you borrowed, it might be a good idea to demand a refund and a paid in full letter/receipt. You may or may not get one or both. It still doesn't hurt to include that tidbit in your letter. :)

Sub: #3 posted on Mon, 08/18/2008 - 04:17

Shazzers Shazzers
Moderators Cum Industry Expert
(Posts: 17342 | Credits: 1581.98)

thanks everyone...the silverleaf maagement is instantantloans.com...yes pd too much...Loanshop we had a loan taken out for 300 pd on it forever and the called and offered it PIF but we had to take 200 out and pd $60 on it two times so far...the cmg group I know we got it a while ago and had to pay over 500 on a 390 loan. Just freaking out a little. Trying to convince hubby to get hid direct depost changed over to a new bank.

Sub: #4 posted on Mon, 08/18/2008 - 18:57

Unregistered


The loanshop doesn't make sense, is this right...they offered to give you a pif but you had to take out $200 and pay $120.00 on it? Confused here :?

Sub: #5 posted on Mon, 08/18/2008 - 19:32

ladybug ladybug

(Posts: 2757 | Credits: 282.34)

we pd $90 a pay for god only knows and they offered to PIF if we took out a $200 loan and so far pd $120 with that loan

Sub: #6 posted on Tue, 08/19/2008 - 16:56

Unregistered


sorry couldn't figure out how to sign in

Sub: #7 posted on Tue, 08/19/2008 - 17:38

kendg17-d1 kendg17-d1

(Posts: 1 | Credits: 0.25)

I couldn't close my bank acct b/c there was a pending transaction that hasn't totally went thru from the grocery store the other day. SO I got the bank manager to put a block on so NOTHING could get thru. Can I send the letters that my bank acct is closed and to not try to send for money from my PDL? I will come back and relist everything from a post before...I know they are all illegal from before posts...I'm in Ohio, they are all internet PDL's. I have a questions about Midland Marketing Group and Eagle Finance...are they also illegal?

Sub: #8 posted on Thu, 08/28/2008 - 13:32

Unregistered


When sending letters to the BBB, and so forth what do we say to them...I'm so lost. My head is spinning

Sub: #9 posted on Thu, 08/28/2008 - 14:14

Unregistered


I am so sick to my stomach...I have been digging and digging to get when I opened up some of these loans and to find info on them so I can email them and such,. I can't find anything on CMG group for an email. I did find the original contract and it also has OSL Marketing INc on it...and I found out I took it out in 11/07 and pf $1800 on a $300 loan :evil: :? :shock: I'm sick! Can anyone help me with an email for them??? Something? Please

Sub: #10 posted on Thu, 08/28/2008 - 18:56

Unregistered


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