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Pay Day Loan Dept.

Date: Wed, 09/23/2009 - 07:46

Submitted by Shana
on Wed, 09/23/2009 - 07:46

Posts: 21 Credits: [Donate]

Total Replies: 32


I owe about 5 different pay day loan companys but can only pay one off at a time what do I do? I have already closed the account and everything just need to now what to do, I can only pay one off at a time.


Hi Shana, first of all I am moving this to the payday loan help section so more people will see it. Please give us the following information, then we will be able to help you. Thanks!
-Names of each pdl company.
-Whether they are store front or Internet.
-How much you borrowed.
-How much you paid so far.
-The state in which you reside.


lrhall41

Submitted by Shazzers on Wed, 09/23/2009 - 08:13

( Posts: 17344 | Credits: )


Quote:

Originally Posted by Shazzers
Hi Shana, first of all I am moving this to the payday loan help section so more people will see it. Please give us the following information, then we will be able to help you. Thanks!
-Names of each pdl company.
-Whether they are store front or Internet.
-How much you borrowed.
-How much you paid so far.
-The state in which you reside.



Ok thank you I am new to this so I appreciate all the help, all the loans were done online only one of them is here in Utah and that is check city's and I took it out online I have no problem getting with them to work out the payments but they tend to get pushy and want it broken into four payments starting with my next check and continue so basically two payments for two months since I get paid twice a month.

Check City-400.00 pd fees 229.00
Cashnet USA-600 pd fees 314.00
CheckNGo-500 pd fees 125
M1yloan-250 pd fees 270
Qloot-300 pd fees 180
Loan shop-350 fees paid 0

I reside in Utah, I did at one point call the state for help on this and they told me to keep taking them out to pay off another until I can get my self out of it and that is what got me into this mess.

Thank you for you help


lrhall41

Submitted by Shana on Wed, 09/23/2009 - 08:22

( Posts: 21 | Credits: )


Quote:

Originally Posted by Shana
Ok thank you I am new to this so I appreciate all the help, all the loans were done online only one of them is here in Utah and that is check city's and I took it out online I have no problem getting with them to work out the payments but they tend to get pushy and want it broken into four payments starting with my next check and continue so basically two payments for two months since I get paid twice a month.

Check City-400.00 pd fees 229.00
Cashnet USA-600 pd fees 314.00
CheckNGo-500 pd fees 125
M1yloan-250 pd fees 270
Qloot-300 pd fees 180
Loan shop-350 fees paid 0

I reside in Utah, I did at one point call the state for help on this and they told me to keep taking them out to pay off another until I can get my self out of it and that is what got me into this mess.

Thank you for you help


Qloot is also VIP Cash I just received an email from them subject titled message from VIP Cash...


lrhall41

Submitted by Shana on Wed, 09/23/2009 - 08:27

( Posts: 21 | Credits: )


Click the link below to read your payday loan laws:

Utah requires Internet lenders to be licensed by your state, if they aren't then they have loaned to Utah residents illegally, this means you are only morally obligated to pay back what you originally borrowed to begin with and not a cent more, deduct ANYthing you have paid from each lender, that includes fees and interest, if you borrowed $300. and paid them $200. all you would owe is $100. They will try to tell you otherwise but it isn't true, they will also try to confuse you with mumbo jumbo talk, ignore them and stick to your guns. The link below is your payday lender licensee data base, you can check it to see if any of your lenders are listed there.


OK, hang tight I still have more information for you, be back shortly, I'm still searching. lol


lrhall41

Submitted by Shazzers on Wed, 09/23/2009 - 08:37

( Posts: 17344 | Credits: )


Even though Check City isn't listed in the licensee data base that doesn't mean they aren't legal, they may be listed as a short term or installment lender, or they may have a dba name, my advice would be to check over your contract and see what they have listed their self as. Anyway, they are members of the CFSA (Community Financial Services Association of America) see the link below:
http://cfsaa.com/
This means you are eligible for the EPP ( Extended payment plan) if you haven't defaulted on the loan yet, how that works is this; the interest stops as soon as you request it, you will then pay it off in four separate payments on each payday. CashNetUSA is also a member of the CFSA (I think) so you would be eligible for the EPP with them also, but, YOU have to request it, they won't tell you about it, so you'll need to request it, just tell them according to the CFSA's industries best practices you are requesting an EPP. See the link below to read about the EPP, number 11.
http://cfsaa.com/


lrhall41

Submitted by Shazzers on Wed, 09/23/2009 - 08:44

( Posts: 17344 | Credits: )


Oh and Checkngo is another legal lender who are members of the CFSA, so same as above for them, request an EPP. Just a heads up, they are notorious for denying an EPP using the excuse that they have never heard of it so make sure you are armed when you request an EPP from them, show them the link to the CFSA site where they are listed as members, and also show them the link for the EPP plan, make sure they know you KNOW your stuff so they can't bluff you.


lrhall41

Submitted by Shazzers on Wed, 09/23/2009 - 08:46

( Posts: 17344 | Credits: )


Quote:

Originally Posted by Shazzers
Click the link below to read your payday loan laws:
http://www.paydayloaninfo.org/state_detail.cfm?id=UT
Utah requires Internet lenders to be licensed by your state, if they aren't then they have loaned to Utah residents illegally, this means you are only morally obligated to pay back what you originally borrowed to begin with and not a cent more, deduct ANYthing you have paid from each lender, that includes fees and interest, if you borrowed $300. and paid them $200. all you would owe is $100. They will try to tell you otherwise but it isn't true, they will also try to confuse you with mumbo jumbo talk, ignore them and stick to your guns. The link below is your payday lender licensee data base, you can check it to see if any of your lenders are listed there.
http://168.177.228.15/reglista.htm

OK, hang tight I still have more information for you, be back shortly, I'm still searching. lol


Ok I checked the list of lenders listed here I did see the following on here

Check City
CashNet Usa
M1yloan
Qloot (VIP cash)
Loan Shop

I thought was odd that I did not see check city as I do know they have a physical location here in utah and there is one around the corner from my house.

When I go to pay them back you stated that just to pay the principal minus what I already gave them is this for all of them or just the ones illigally providing the payday loan?


lrhall41

Submitted by Shana on Wed, 09/23/2009 - 08:55

( Posts: 21 | Credits: )


Quote:

Originally Posted by Shana
Ok I checked the list of lenders listed here I did see the following on here

Check City
CashNet Usa
M1yloan
Qloot (VIP cash)
Loan Shop

I thought was odd that I did not see check city as I do know they have a physical location here in utah and there is one around the corner from my house.

When I go to pay them back you stated that just to pay the principal minus what I already gave them is this for all of them or just the ones illigally providing the payday loan?


I'm pretty sure check city is legal, they are probably listed under another name, if they have a location then they are definitely legal. CashNetUSA wouldn't be listed because they are a short term lender, but, if you want to be 100% certain, call the Utah Department of Financial Institutions at (801) 538-8830 to be certain. As I said before though, they usually lend as an installment type of loan or as a CSO (Credit Service Organization) so they wouldn't be listed as a payday lender and wouldn't have to follow the payday loan laws.


lrhall41

Submitted by Shazzers on Wed, 09/23/2009 - 09:03

( Posts: 17344 | Credits: )


Quote:

Originally Posted by Shana
Ok I checked the list of lenders listed here I did see the following on here

Check City
CashNet Usa
M1yloan
Qloot (VIP cash)
Loan Shop

I thought was odd that I did not see check city as I do know they have a physical location here in utah and there is one around the corner from my house.

When I go to pay them back you stated that just to pay the principal minus what I already gave them is this for all of them or just the ones illigally providing the payday loan?


Sorry m ent to say I did not see the following listed on that list. I just confused for the ones here legally like Check N Go and Check City do I pay just the principal barrowed minus what they have gotten on the finance or is that just for the ones that are illegal?


lrhall41

Submitted by Shana on Wed, 09/23/2009 - 09:04

( Posts: 21 | Credits: )


Quote:

Originally Posted by Shana
Ok I checked the list of lenders listed here I did see the following on here

Check City
CashNet Usa
M1yloan
Qloot (VIP cash)
Loan Shop

I thought was odd that I did not see check city as I do know they have a physical location here in utah and there is one around the corner from my house.

When I go to pay them back you stated that just to pay the principal minus what I already gave them is this for all of them or just the ones illigally providing the payday loan?


Only the illegal ones. You'll need to ask them for an address, then you can send them payments via certified mail with money orders only, don't send them a check from your new account because that would again give them access to your account information and they will use that to their advantage.


lrhall41

Submitted by Shazzers on Wed, 09/23/2009 - 09:05

( Posts: 17344 | Credits: )


My advice is to take care of the legal ones first and foremost, then you can deal with the illegal lenders one by one, the unlicensed lenders can't sue you, they will threaten but in actuality they wouldn't dare walk into a court of law, on the other hand, the legal lenders CAN and WILL sue you, so it's in your best interest to settle with them first. Just a heads up, the unlicensed lenders will call you and harass the crap out of you, it's best if you only communicate with them via email, so, if they call hang up immediately.


lrhall41

Submitted by Shazzers on Wed, 09/23/2009 - 09:07

( Posts: 17344 | Credits: )


Quote:

Originally Posted by Shazzers
My advice is to take care of the legal ones first and foremost, then you can deal with the illegal lenders one by one, the unlicensed lenders can't sue you, they will threaten but in actuality they wouldn't dare walk into a court of law, on the other hand, the legal lenders CAN and WILL sue you, so it's in your best interest to settle with them first. Just a heads up, the unlicensed lenders will call you and harass the crap out of you, it's best if you only communicate with them via email, so, if they call hang up immediately.



Thank you so much for your help with this, I am getting with the two that are legal and get them taken care of once done with that will get the illigal ones done one by one. I appreciate all your help you have shed some light on this to me.

I am talking with my bank about the hard block on my account they said all they can do is block all debits includes check's debits everything not any spacific one.


lrhall41

Submitted by Shana on Wed, 09/23/2009 - 09:15

( Posts: 21 | Credits: )


Quote:

Originally Posted by Shazzers
I think you have three which are legal, check with your DFI at the number above to make sure. Anyway, good luck and keep us posted on your progress. :)


You stated earlier in a post that these four were illigal

OK, now for the unlicensed lenders, the lenders below are NOT licensed to lend:
M1yloan
Qloot
Loan shop
VIP Cash

I had a total of six I took out since four were not legal the other two are. I have set up payents with one of them.


lrhall41

Submitted by Shana on Wed, 09/23/2009 - 09:26

( Posts: 21 | Credits: )


Quote:

Originally Posted by Shana
You stated earlier in a post that these four were illigal

OK, now for the unlicensed lenders, the lenders below are NOT licensed to lend:
M1yloan
Qloot
Loan shop
VIP Cash

I had a total of six I took out since four were not legal the other two are. I have set up payents with one of them.


Oh, let me check again, I'm bouncing around answering a lot of different posts, maybe I got confused!


lrhall41

Submitted by Shazzers on Wed, 09/23/2009 - 09:35

( Posts: 17344 | Credits: )


Quote:

Originally Posted by Shazzers
These are the unlicensed lenders:
M1yloan
Qloot
Loan shop
VIP Cash


Ok Cashnet USA is legal ok so I will get with them too on the payment arrangements I was thinking no because VIP Cash and Qloot are the same so I will get those three straight once I get the legal ones taken care of.

Cash Net USA I did default on it I did have it set on payment arrangements but the payments they wanted were more then I can afford they got one payment out of it I borrowed 600 and paid so far 189 leaving a balance of 411 when I call their collection they want two payments but I can not afford two payments I can afford spliting it up into like four what do I do in this case.


lrhall41

Submitted by Shana on Wed, 09/23/2009 - 09:55

( Posts: 21 | Credits: )


Quote:

Originally Posted by Shana
Ok Cashnet USA is legal ok so I will get with them too on the payment arrangements I was thinking no because VIP Cash and Qloot are the same so I will get those three straight once I get the legal ones taken care of.

Cash Net USA I did default on it I did have it set on payment arrangements but the payments they wanted were more then I can afford they got one payment out of it I borrowed 600 and paid so far 189 leaving a balance of 411 when I call their collection they want two payments but I can not afford two payments I can afford spliting it up into like four what do I do in this case.



Well, housing, food and utilities come first. If it were me, I would send them what I could afford, by the time this ever went to court it would probably be paid off or almost paid off anyways.


lrhall41

Submitted by Shazzers on Wed, 09/23/2009 - 10:33

( Posts: 17344 | Credits: )


Quote:

Originally Posted by Shazzers
Click the link below to read your payday loan laws:
http://www.paydayloaninfo.org/state_detail.cfm?id=UT
Utah requires Internet lenders to be licensed by your state, if they aren't then they have loaned to Utah residents illegally, this means you are only morally obligated to pay back what you originally borrowed to begin with and not a cent more, deduct ANYthing you have paid from each lender, that includes fees and interest, if you borrowed $300. and paid them $200. all you would owe is $100. They will try to tell you otherwise but it isn't true, they will also try to confuse you with mumbo jumbo talk, ignore them and stick to your guns. The link below is your payday lender licensee data base, you can check it to see if any of your lenders are listed there.
http://168.177.228.15/reglista.htm

OK, hang tight I still have more information for you, be back shortly, I'm still searching. lol


Question I went to the link you gave me for my state and when I went to it, it said this was for check cashers only at the top where do I find my state's regulation law for online unlicensed payday loans.


lrhall41

Submitted by Shana on Wed, 09/23/2009 - 11:21

( Posts: 21 | Credits: )


Quote:

Originally Posted by Shazzers
Here's a link for the Utah Consumer credit codes: http://le.utah.gov/~code/TITLE70C/TITLE70C.htm

There isn't a data base for "unlicensed lenders", only for the licensed ones.



Thank you for your help on this again I do appreciate it, I did go to the link above and this is all I keep finding for it. I am not finding anything about the laws and stuff for this problem.

Thanks


[URL="http://www.livepublish.le.state.ut.us/lpBin22/lpext.dll/InfobaseUtahCode/title11000.htm/chapter11380.htm/section11396.htm?f=hitlist&q=%5Bs%5D%5Brank,100%3A%5Bdomain%3A%5Band%3A%5Bstem%3A%5Band%3Apayday%20%5D%5D%5D%5D%5Bsum%3A%5Bstem%3Apayday%20%20%5D%5D%5D&x=Advanced&opt=&skc=800000024040BE1EA518614100002C88&c=curr&gh=1&2.0#LPHit1"]53A-13-110 Financial and economic literacy education.[/URL]


lrhall41

Submitted by Shana on Wed, 09/23/2009 - 13:23

( Posts: 21 | Credits: )


I just got off the phone with CashNet USA trying to get payment arrangements set up with them, Lakisha is the one I talked to and she told me that unless I have an active checking account or debit card they are not able to set up payment arrangments. They refuse to set up payments since I do not have an account, what do I do?


lrhall41

Submitted by Shana on Fri, 10/09/2009 - 08:53

( Posts: 21 | Credits: )


Quote:

Originally Posted by Shana
I just got off the phone with CashNet USA trying to get payment arrangements set up with them, Lakisha is the one I talked to and she told me that unless I have an active checking account or debit card they are not able to set up payment arrangments. They refuse to set up payments since I do not have an account, what do I do?


Well, they always use that line, be insistent, tell her you do not have another account and can not obtain one. Make it clear to them there is only one way to send them payments and that is with a money order. See how they respond to that.


lrhall41

Submitted by Shazzers on Fri, 10/09/2009 - 08:55

( Posts: 17344 | Credits: )


Quote:

Originally Posted by Shazzers
Well, they always use that line, be insistent, tell her you do not have another account and can not obtain one. Make it clear to them there is only one way to send them payments and that is with a money order. See how they respond to that.



Ok That is what I did and she started to get mad with me because I asked her what she was saying is that she was refusing to set up payment arrangements for me unless I go and open another account, she got caught off guard and said that I could send it in money order if that is what I chose to do but will not set me up on payment arrangments by doing payments by a money order and that unless I get a new account to set payments up the collection calls will continue.


lrhall41

Submitted by Shana on Fri, 10/09/2009 - 09:06

( Posts: 21 | Credits: )


Quote:

Originally Posted by Shana
Ok That is what I did and she started to get mad with me because I asked her what she was saying is that she was refusing to set up payment arrangements for me unless I go and open another account, she got caught off guard and said that I could send it in money order if that is what I chose to do but will not set me up on payment arrangments by doing payments by a money order and that unless I get a new account to set payments up the collection calls will continue.


Since they are refusing to accept payment arrangement, what do I do? She told me that in Chicago she is going by what they are able to do and I told her well I am not in Chicago and I know you have to accept payment arrangement. Her response was the only way they can accept payment arrangements is if I get a new account period.


lrhall41

Submitted by Shana on Fri, 10/09/2009 - 09:31

( Posts: 21 | Credits: )


well a few weeks later, bank account is closed new one opened and one of the legal one's has been very nice and helpful, the other two have not been so nice. One of them even sent my account over to a collection company and which is now saying I owe $200 more then what I did again this is from one of the ones that is legal in UT. The other's that are not legal have been calling my work and my home saying that they are responding to an internet fraud claim that was filed against me. I have mailed the cest and desist letters and stuff too but they still continue to call.


lrhall41

Submitted by Shana on Wed, 11/04/2009 - 14:47

( Posts: 21 | Credits: )


Quote:

Originally Posted by Shazzers
Well, they always use that line, be insistent, tell her you do not have another account and can not obtain one. Make it clear to them there is only one way to send them payments and that is with a money order. See how they respond to that.



Since this conversation with them they are still refusing to set up any payment arrangements unless I open a new checking account and give the information, I have even went as far as writing them a letter and telling them that I am only going to do payment arrangements and I will send in what I can when I can since they are refusing to set me up on payment arrangements and that I will mail them a money order.


lrhall41

Submitted by Shana on Wed, 11/04/2009 - 15:14

( Posts: 21 | Credits: )