Oklahoma laws

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

Well I know that Geneva is not legal, and Big is not even in this country
Please let us know how much you have borrowed , how much you have already paid back .Add the fees and principle to get one total paid back for each lender.
Are all of these internet or are any store front

These are all internet.

Geneva, original loan was $300 have paid $360.
Plaza Processing, original loan $300, have paid $270
Loan Shop, original loan $300, have paid $370.
Big LTd, original loan $200, have paid $155.
Power Funding is the last one, original loan $300, have paid $300.

The have paids are the ACH withdrawls taken from my account.

I am seriously stressing about how to handle these. Any suggestions?

Yes, I have a suggestion. You need to close your bank account. These are illegal pdls. Your state prohibits rollovers/extensions, which are what these pdls are charging you. Criminal action is prohibited in your state, so closing your account is an option. When are the debits due to hit your account next? You've got some nasty, ugly pdls. Not trying to scare you, but we've got to do something with your bank account first. We need to prevent these pdls from getting any more money from you. Read the "sticky" at the top of this site page regarding closing your account. If you have ANY questions at all regarding it, please post. :D

Good idea as usual Cannr, but lets let Mat read this first to be sure he can close it.Hope you dont mind me jumping in here, but I am so paranod about anything to do with banks

Before you close your bank account due to payday loans eating away at your paycheck, please read this.

Some banks have a policy regarding ach transactions that allows them to force open closed accounts if any ach transactions go through within a certain time frame after the account is closed. This can leave you owing a legal bank $1,000's and reported to chexsystems, instead of owing barely legal (or not at all legal) payday loan companies. Not a good thing. Ask your bank what their policy is on ach transactions on closed accounts before you close the account. It's best to go in person and talk to a branch manager.

If your bank does have this policy, tell them your situation. Don't be embarrassed. Take letters with you showing that you have revoked authorization for each of your payday loan companies to debit your account. Tell the bank to put your account on deposit only, an ach block, or a hard hold before they close the account. Your bank can do one of those, don't take no for an answer. This will prevent any payday loan ach's from reopening the bank account.

It'a always best to close your bank account. Leaving it open gives ways for the payday loan companies to continue to take money out. These companies have many different dba's, so blocking them won't work. They will also produce paper checks and run them through your account. Closing the account is the best way to prevent these companies from taking money out of your account.

Some state laws do allow for prosecution if you close your bank account, but that is usually in cases of fraud. But it's always best to check with your state's attorney general or department of financial institution before you close your account. You want to make sure you are not causing more heacaches!

Ok ok I didnt read all the way thru. You did tell him to read the stick. Please dont send me to pdl school

Do I need to send out letters to these companies and if so what should i say?

Yes, you will need to send letters to these wonderfully illegal pdls. However, do not send anything (even an email) to them until your bank account is taken care of. If these guys catch wind that you're even thinking about closing your bank account, they are going to pounce on it and suck out every dollar they possibly can. So, you need to get your bank straightened out to the point to where you are "safe" from pdl debits. This is why I asked when are your debits scheduled to come out next. First thing is make sure your bank account is straight. No pdl debits can hit it. Whether that means closing it (and being assured it will not be forced open due to pending pdl debits) or putting a hard debit block/hard hold/freeze on it. Whatever to make it so that NOTHING goes through. Once you are "safe" regarding the bank, we can get to the letters. Can you take care of your bank situation first? Get that taken care of so that they can't get your money any longer. Then we can move on to the letters that need to be sent. :D

I just talked to the bank and I am going to go in tonight and discuss the situation. All the pdl debits are due to come out tomorrow which is when my direct deposit from my job goes in. I will let you know tomorrow how it goes. I really appreciate all the help that you guys are giving!

I wasnt able to change my direct deposit to close my account in time either...so what I did was the morning my direct deposit hit, the pdl's hat not yet hit, so I withdrew all of my $$ and closed the account on the spot!

Okay I closed my account. Any advice on what to send to these companies, like letters by mail or by email. Thanks!

guest, are you a registered member? Your last post says "guest". Are you indeed Matlockrocks? If so, we can pm you a letter to send to your pdls. Do you know how to use "pm"? Also, your bank account is closed and will not be forced open due to pld debits, correct?

Sorry about that I forgot to log in. First of all i don't know how to use PM but I'm sure I can learn. Secondly my account is closed. All the PDL's got paid one last time on Friday and aren't scheduled to hit again until 11/02. I am ready to send out letters now. Again, thanks for everybodies help!

okay, mat, look under my post. You will see a button that has two people on it and says "pm". Click on that. It will send a message directly to me. I'll get it and reply and see if you get it. Once I know we are communicating, I can pm you a letter to use to send to your pdls. :D

I sent the PM. Let me know if you get it. thanks!

I, too, have a loan with Geneva Roth that I am no longer paying on. I would like to let you know that I filed a complaint with the OK Dept. of Consumer Credit and the BBB on them a couple of weeks ago. Friday, I got a letter from the OK Dept of Consumer Credit that orders Geneva Roth to Cease and Desist on loans in Oklahoma! Also to refund all principal and interest paid by consumers in Oklahoma! This may give you a little more ammunition and encouragement.

This is for matlocksrock - Got your pm and sent you the letter. If you have any questions, just ask. :D If you have email addresses for them, email the letter. If you have fax numbers for them, fax the letters. However, mail the original certified mail. Cover all the angles. Send it every way you can. But, beware. Once they get those letters and they start to realize their debits are being rejected, they're going to spazz out and try calling you to death. Try desperately not to take their calls. You want to communicate with them via email or USPS only. You want documentation of everything.

This is for srowan - Thanks for posting that! Good news for matlocksrock! Oklahoma is doing good! Now, srowan, have you heard anything about getting your money back yet? Or is it still in the process?

No, I haven't heard a word about getting my money back and I am not going to hold my breath. I also got a C and D about a month ago on Payday Cashlink. They did mark my account PIF, but no refund.

Darn! These people are supposed to refund the poor customers that got taken advantage of; however, no one ever sees the refund. I'm sorry. :(

Can anybody give the mailing addresses of the following companies.
Geneva Roth
Power Funding
Plaza Processing
Loan Shop
Big LTD
I am preparing my letters to be sent out. I appreciate it! Thanks.

I found the address for Geneva Roth. When I filed a complaint with BBB I found it. Does anybody have anything for the rest of the companies listed above? thanks!!

Not positive of this one, but here is what I found.

Power Funding
Phone: (903) 533-4085
Address: PO Box 5028
Tyler, TX 75712

BIG is the same company as Cash Today Ltd., Route 66, GFSIL and Interim. .

The phone number I have for BIG is 877-282-5450. Address is Northway House, 1379 High Road, Whetstone, London, England, N20 9LP./

Is this the same as your Loan Shop you were asking for?

Little Loan Shoppe
90 West 500 South #2001
Bountiful, UT 84010
Telephone: (866) 991-2288
littleloanshoppe.com

Plaza processing
10120 S. Eastern Ave Suite 200
Henderson NV 89052-3926

Lord! How'd you find Plaza Processing? I've been looking for it! :shock:

Just lucky I guess!!!!. I just put it in the search box and it popped up and bit me.