Payday Loans
Date: Wed, 07/18/2012 - 16:29
I am reposting this from a thread about Restone Cash Payday Loans. I posted as 'answer this' instead of ask and expert.
In reference to a post about Redstone saying they would show loan paid in full after a phone call: Did it work for you? Did they revise your account to show no balance. I also have a loan with them and just calculated that I have overpaid the principal by $860!!! I am trying to clear up the loans I have and am using a letter to email that I found on this website, but they only have a PO Box and phone number.
So far I have received two replies to emails I have sent. One from VIN Captial. They disagree that it is illegal, however, they are accepting my offer to send a money order for $30 to pay off loan.
Also, Mountain Lake, I received a phone message that was actually very nice and then an email asking me to call and discuss. I am sending another email with same information.
I haven't heard back yet from USFastcash or United, but have just sent my emails. I have Restone, Beacon and PDLnow all to send - all of which would owe me a refund.
I will be so happy just to have this all behind me. Thank you to everyone on this site for the helpful information. Just curious, do any of the companies every really send the refund?
I do have one other question regarding a previous payday loan which was paid off. It was extremely overpaid on the principal, but it was paid off. I have another loan with them now. Any chance of getting them to transfer over some of the overpayment or to send me the overpayment for the 'closed' loan?
In reference to a post about Redstone saying they would show loan paid in full after a phone call: Did it work for you? Did they revise your account to show no balance. I also have a loan with them and just calculated that I have overpaid the principal by $860!!! I am trying to clear up the loans I have and am using a letter to email that I found on this website, but they only have a PO Box and phone number.
So far I have received two replies to emails I have sent. One from VIN Captial. They disagree that it is illegal, however, they are accepting my offer to send a money order for $30 to pay off loan.
Also, Mountain Lake, I received a phone message that was actually very nice and then an email asking me to call and discuss. I am sending another email with same information.
I haven't heard back yet from USFastcash or United, but have just sent my emails. I have Restone, Beacon and PDLnow all to send - all of which would owe me a refund.
I will be so happy just to have this all behind me. Thank you to everyone on this site for the helpful information. Just curious, do any of the companies every really send the refund?
I do have one other question regarding a previous payday loan which was paid off. It was extremely overpaid on the principal, but it was paid off. I have another loan with them now. Any chance of getting them to transfer over some of the overpayment or to send me the overpayment for the 'closed' loan?
I haven't dealt with Read Stone personally but there is no harm
I haven't dealt with Read Stone personally but there is no harm in attempting to squeeze them for the refund. Threaten all the illegal lenders with FTC and AG complaints.
Yes, there is a good chance that the overpayment from a previous loan can be used to cover the current loan. It does happen. Inform the lender in writing.
