I need help

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

so do I contact these payday loan companies and tell them about the laws for my state ? I know that atleast 3 of them just keep rolling over the loans way past what my state allows

Dee, I wish that you had not closed your account with out checking with us first, There is something in your laws regarding criminal action if an account is closed. There have been some discussions regarding ach debits and if they can be conscreued as checks. You need to check withn your bank regarding this.
You tell us how much the loan was for and then you have "remain"
. We need to know how much you have actually paid each lender, not what they say you still owe.
Getting back to your bank , did they assure you they will niot force open a closed account if an ach is presented. Please read the sticky on the top of the PDL page regarding closing your account Never mind I will post it for you

Quote:

I haven't closed my original bank account as of yet. I wanted to see what my options are before doing this, I did stop my direct deposit w/ my employer so that I can get a better control of my money, should I not have done this either ? I am so confused. What do I tell these payday loan companies ? Thanks

No its ok if you stopped your direct deposit. You will probably get tons of NSF fees though. Please calm down . It is confusing. Start by getting us the info that we need regarding your loans. We need to know how much you have paid back in total to each lender

payday one : have paid 338.50 on 500.00 loan still owe 340.00

upfront : paid 120.00 still owe 400.00

tremont : paid 305.00 still owe 166.00

cash today 4u : paid 350.00 still owe 225.00

national cash : paid 380.00 still owe 250.00

missouri title loans : paid thousands over the last 2 yrs still owe 850 loan was only 850.00

I posted the info that you requested..

Ok just so i am seeing this right

cash today the loan was for 225.00 and you paid 350.00, is this what you are saying. It is alot easier to see if it is all in one post

yes, I am so sorry that the way I put it in the posting is confusing. I am so nervous that I will get sued or go to jail..I have really messed up.

Just spoke to national cash and they are willing to work w/ me and not charge any more interest fees, they will do a pay down of the remain balance, I tried to talk to cash today unlimited which they sound like they are overseas, they were unwilling to do anything. I will call the other payday companies also to see if I can work anything out w/ them also, i will let you know. I also filed a complaint w/ my AG regarding cash today unlimited..hope it helps

dee, I do know that your PaydayOK is unlicensed/illegal. I also know that your Cash2Day4U is unlicensed/illegal. I'm not sure about the others. Of course your storefront will be licensed/legal. Too bad your state allows for so many rollovers/extensions. However, your unlicensed/illegal ones, you should only pay the principle balance on. They are lending illegally. A word of caution - that I need you to act upon immediately - is Cash2Day4U. They will try to send a wage assignment to your employer to have the funds taken from your paycheck. You need to type up a quick letter revoking any wage assignment you may have signed with them. Email it/fax it/mail it certified mail to them ASAP. Keep a copy and give a copy to your payroll person. Wage assignments are totally voluntary. They do not have to be honored. It is not like a wage "garnishment", which would need a court order to be done. I honestly don't believe you're going to go to jail or anything. You do need to contact your storefront and make payment arrangements with them. They may just hold your check until it's paid and then just give you your check back. Your bank account is not closed. You are going to have to get them to do a hard debit block on it before these pdls hit again. Get your storefront taken care of as soon as you can. They are the ones who can really take action against you. If you can make pmt arrangements with them, you're doing good. Because your state law says criminal action prohibited unless check returned due to closed account - and the storefront does have an actual check in their hand. And what is Missouri Title Loans? You've been paying back how much for how long? Is this a payday loan? Or are they holding a title on something of yours?

I have talked to the storefront loan people and yes they are holding the title to my car. I have also talked to payday one and national cash, they are closing the loan accounts and letting me pay on just the principal. the only ones that I am having a hard time with is cash today unlimited and tremont financial. I have filed a complaint w/ the MO AG and MO dir of finance for the cash today unlimited ( I need a sample of the letter described ) wage assignment ? tremont can be paid off in the next 2 paydays and I will have them make sure and lock acct if possible. The only one I haven't contacted yet is upfront payday and their $120 fees. Thanks

For a wage assignment which is 100% voluntary all you need to say is
I(name) hereby revoke any wage assigmnments that I may have signed.
Short , simple, and to the point.

Does anyone happen to have a fax number for Cash today unlimited aka cash today 4U aka BIG unlimited ? Thanks

Cash2Day4U is going to be a nightmare unless you get your account closed or blocked. They will continue to debit forever. And I'm not lying. Tremont Financial, I have not dealt with. I'm not sure about them. However, don't expect Cash2Day to even attempt to work with you. They will expect hundreds more over your principle amount. And, as I asked, was this a "verbal agreement" with them? No loan documentation? Also, Missouri Title Loans, crap. When you pay them, does ANY of it go towards the principle?

On the cash today unlimited it was a verbal, I honestly do not remember signing anything. on the mo title loans the only way to chip away at the principal is to pay over and above the interest which runs 5.84 per day so for a 31 day period its 182.00 per month

Cah Today Limited d/b/a Cash2Day4U:

Cash Today
1005 Terminal Way, Ste. 110
Reno, NV 89502

Phone number: 1-800-680-2177
Fax number: 1-800-690-9926

email addresses: customerservice(at)cash2day4u.com
payment(at)cash2day4u.com

This was a "verbal agreement" loan. Highly illegal. These guys are horrible. If you have not done so already, you need to file complaints with the BBB, the FTC, and your state AG on these guys. The FTC is especially interested, so be sure and file with them. Do not let these guys get any more of your money. They will suck you dry. I kid you not, some people, without even realizing it, had these guys taking debits out of their accounts for years. Talk about making thousands on a $200 loan. They are disgusting.

I just filed a complaint w/ the FTC and am now filing w/ the BBB. I let you know what the bank says about putting a block on this company. By the way how do I approach this w/ the Branch Mgr w/ the bank ?

So far you are doing a great job. You are really getting all your ducks in a row. As far as the bank goes , I think you need to be up front with the manager. Cannr just answered this on another post, so I copied it for you. As always her advice is great.
. See if you can get your "old" bank to put the block on it. Explain the whole "unauthorized companies taking out unauthorized debits". Don't say payday loans. Just say "unauthorized". They need to block them.

should I give them all the alias that this company goes by ?

No. dont you want them to put a hard block on ALL ach debits

oh s**t, I was able to work out arrangements with a few of the other companies, if I put a hard block on all ach debits what will this do to them ?

Dee Ann you dont want any PDL to have your checking account info. They will bleed your account dry. Even if you have arrangements with them they can not be trusted. Tell them you will send them mney orders, but please please please dont give them access to your account.

ok, my original bank account is still open, I will talk to the Bnk Mgr today to have a hard block of all ach debits put on, also will open a new account with another bank so that I can start new again. Do you think this will work ?

For sure open a new account. We do reccommend that your new account is at a completely different bank. Sometimes a bank will link old and new accounts and we feel it is just safer to not have it in the same bank.
So, will you call and tell the ones you have plans with that you need to send in money orders. How will you handle that. Really Dee Ann it is so unwise for ant PDL to have any of your banking info.

well you live and learn, one pdl said that payments can be made by western union or other, the other ones I will need to contact to let them know. I am on a roll with this, I finally developed a back bone and need to get these taken care of.

Again, you are really doing a
**** up job. Please post any questions you may have, and keep us posted on your progress.

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

Got a quick question, do i need to fax all the internet payday loans a copy of the wage assignment revoke letter ? I honestly do not remember signing anything for cash advance.net aka national cash, and cash today unlimited. thanks

Just to be on the safe side. I would fax them all a copy .

Ok, here's whats been done so far :

Opened up new bank account (new bank altogether) waiting to fund new account.

Filed complaints w/ FTC, BBB, MO AG, MO Director of Finance.

Contacted each PDL letting them know of my intentions to pay either by money order or other, but am not authorizing debits from bank acct. Also faxed "wage assignment letter" to each.

Will call current bank to have hard hold put on further ach debits once bank opens.

Anything else that you can think of that needs to be done. Thanks

BRAVO DEE ANN. You are terrific. I do hope you will keep us updated.

Now lets sit back and wait to see if I get sued or something. I think I may need a valium after dealing with all this. ha, ha

dee, you're great! Yes, a nice "drink" right about now would be good, wouldn't it? LOL! You've acted quickly and are doing great! :D

I have since my last posting received a call from Cash Today Unlimited wanting to know why they received a fax about the wage assignment, I think I will call them back tomorrow, I'm beat for the day. Also that and when I do call them I can't understand a word they are saying. LOL...Wow, I really do feel as though a huge weight has been lifted. Now, all I need to do is wait for these people ( using the word lightly ) to start trying to ach my original bnk acct w/ no money in it.

dee, Cash Today called you again after receiving their wage assignment letter? They're "catching wind" that you're up to something. Watch them. And, God love you if you call them back. I could NOT speak to those people. We argued and argued and I couldn't understand a damn word and we went around and around and finally I just gave up. They can kiss my telephone goodbye. They did resort to email once I wouldn't speak to them via telephone. Lord, the phone calls exhausted me. They will argue your head off. All the while, you're going "Excuse me?" because you don't know what the hell they're saying.

Dee , just sit back and wait. Please remember that when these people start calling you they will say some pretty scary stuff. None of it is tru. Just idle threats

unbelievable they just tried calling 2x on my cell ( left msg on 1 call ) and my office phone lft msg there also.

Dee, try sending a cease and desist letter to these guys, telling them they can only contact you thru USPS or e mail. Some will listen some will not,but its worth a try.

I just went up to the lobby and talked to the receptionist ( smoke/break buddy ) and asked her if the foreign people call again for me to let them know I no longer work for the company. also can you attach a copy of the cease and desist letter..thanks bunch

Really all you need to say is I (name) hereby ask you to cease and desist from any further contact via telephone at my place of residence or employment. Only contact me via USPS or e mail

DONE...Hopefully these morons understand the implications if they don't follow these instructions, I tell you what I have never asked my state officials for anything in the past. They better come through for me this time..Election year is coming up...

Let us know. Dee, really, you have done so much in a very short time

unfricken believable, they just called again after faxing the cease and desist letter, they are leaving messages stating to call and let them know if I want the bif + fees or just the fees taken out on the 31st of this month. the number they called from is +442084922780

It is really sad the lengths thase people will go. Your account is closed or hard blocked right. Let them try to take whatever they want

Oh yes, dee. This is the number my friend Brian used to call me from. I'm talking non-stop phone calls. Your friend/smoke buddy/receptionist needs to tell them "She no longer works here." That is the only way they will stop calling your place of employment. Now, if you're faxing stuff from your place of employment, they might catch on that you're still there. Or if you're using work email, they might catch on. You have to give them NO CLUE that you are employed there. If you can get her to tell them you no longer work there, they will stop calling there. They will hit your home/cell phone HARD. But they never leave a message on them. At least not with me. I just kept track of the phone numbers they called from. But your best bet is to have your friend convince them you're gone. And don't use your work fax number or work email.

hey guys, just got an email from the BBB and they have assigned a case # to one of my complaints, they state that Cash Today has 14 days to respond to the complaint, hopefully this works out well with me. I will let you know

that last entry was from me deeann.. for some reason it is coming up as guest even though I signed in..

dee, don't be surprised if they don't respond to the BBB. I hate to say that, but they never did respond to the BBB with me. And they never responded to my state AG either. God love them. Did you file a complaint with the FTC? Because the FTC needs to know this. They are paying attention.

yes, I filed with everybody I could think to file with,BBB, AG, MO director of Finance, FTC, my local Guido squad, you name it.