Payday Loan Hell and closing the bank
Date: Mon, 01/25/2010 - 19:47
I'm like most people here and am in payday loan hell. I'm going to close out my bank account that they are in (I have another account at a different bank for everything else) I need to know what if anything they can do to me and what kind of arrangements I can make, I don't mind paying back I just can't keep up and the overdrafts are killing me. I did try to make arrangements but my husband is just livid with me and is threatening D if I don't close the bank account and figure this out.
I am in the state of CA and all loans are internet
PDLLoan Center MS original $300 + $90 fee $360 in fees so far
Paragon Processing $300 + $90 fee Not sure of total paid but probably double what I owe
500FastCash $500 +150 fee. Have paid the 1 $150 fee
Ameriloan $500 + $150 fee $600 in fees so far
Arrowhead financial (this is in my regular bank account, I won't be closing this account) $350 + $105 fee. Paid around $525 in fees
Thanks,
Jill
Hi Jill, California requires the internet lenders to be license
Hi Jill,
California requires the internet lenders to be licensed in the state to offer pdl. You can search the licensing status of the lenders in the following link.
"http://www.corp.ca.gov/FSD/licensees/default.asp"
If you can't find them in the list then they are probably illegal.
You must also check out how to deal with illegal lenders for more help.
Also, if I've read some of the other posts here, since none of t
Also, if I've read some of the other posts here, since none of these are licensed in CA and I've paid either more or almost the total of my original in fees alone I should only be responsible for either $0 or the balance of the principal?
All you owe these lenders are the amount you borrowed to begin w
All you owe these lenders are the amount you borrowed to begin with, less any payments or fees you have already paid.
Quote:Originally Posted by jillybean13Can they find out about my
Quote:
Originally Posted by jillybean13 Can they find out about my other bank account? |
Only if there are other payday lenders who have your account info, if there are, then you should know that payday lenders share information.
Well so far so good! Received a Paid in Full from Paragon. Ameri
Well so far so good! Received a Paid in Full from Paragon. Ameriloan was going to give me a hard time and then I got the email address for their collections department and sent a copy of my letter and haven't heard peep back (my online account with them is closed) same with 500 Fast Cash. Have not heard anything from PDL. Arrowhead is paid off. Thank you soooo much for all your help. Now that I no longer have to pay $1400 in fees every month I can actually pay my regular bills and have some left over.
sounds like you are on the right track :) ameriloan will probabl
sounds like you are on the right track :)
ameriloan will probably not go away so easily.. they are really stubborn but stay strong, you will be okay, keep us posted.
OK Ameriloan and 500FastCash will not leave me alone. They call
OK Ameriloan and 500FastCash will not leave me alone. They call me constantly at home and work although they have verified that they received my letters instructing them not to do so. I made an official complaint on FTC.GOV and BBB. The only response to BBB that they will make is that they will not make any response as the "information being spread on the internet is mis-leading and erroneous" they will not address the unfair collection processes law breaking they are doing. Is there any way I can get them to leave me alone or quote actual law to them?
I've also been getting these threatening voice mails from 877-219-6032. Not sure the name they are using as they have very very heavy Indian accents but when I looked up the number it appears to be a scam from US Cash Advance (don't know who they are) Sounds like they are trying to say they are a law firm but say very threatening things. They call constantly too
i am sure you know to ignore those heavy accented calls.. just e
i am sure you know to ignore those heavy accented calls.. just empty threats, thanks for the update.