Storefront vs. Internet Laws
Date: Tue, 11/11/2008 - 11:12
I live in Florida and have internet PDLs with ameriloan, United Cash, Paydayloan-yes. Do I check the Florida PDL laws or do I check the laws of where the companies are? I'm in the process of trying to figure out what to do. I see you need to close your bank account, however, as I read these posts, I'm like many others and due to the ACH's I am overdrawn. I'm just beginning to truly learn how damaging these things are. I'm (like everyone) physically ill over this and overwhelmed as to how to fix it.
reply
well the three you stated are not legal or licensed anywhere.so you only owe the principle borrowed.i do know that a ipdl must be licensed in FL and obey FL laws.
ameriloan 3531 P Street NW Miami, OK 74355 Phone 800-362-9090
ameriloan
3531 P Street NW Miami, OK 74355
Phone 800-362-9090
United Cash Loans are part of MNE and are not licensed anywhere.
UCL (800) 279-8511
3531 P Street, NW
PO Box 111
Miami, OK 74355
Payday Loan Yes Not licensed!
Oranyan House Shirley Street
P.O. Box SS 19935
Nassau, NA
Bahamas
8005506051 Fax -- 8006057419
Paydayloan-yes
P.O. Box 571992
Murray, UT 84157
(888)227-4638
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.
[quote]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. :)[/quote]
