Help I am stuck

Who are these loan companies? We need more details to give you better replies.

Hi there, go and open a new account BEFORE you close the one you currently have. List the following information, we may be able to help you resolve the payday loan cycle without a consolidation loan:
-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.

I live in Nebraska... here is the information on each loan they are all internet companies.

My Next Day Cash borrowed $400 I have paid them $1470 (I contacted them and they pretty much told me too bad)

PDL Ventures borrowed $350 paid them $420

Titan Group borrowed $200 paid them $900

Nationwide Cash borrowed $500 paid them $1310

VIP borrowed $500 paid them $600

PDL Ventures borrowed $350 paid them $950 (I guess I have 2 with them somehow)

These I haven't paid what the amount of the loan was back yet.

Eastside Lenders borrowed $300 have paid $245

Instant Cash borrowed $200 have paid $180

I am also afraid what will happen if I do close my bank account what they will do. Can they call my work? Garnish my checks? Arrest me?

I just talked to my bank and they told me there is nothing they can do. My account is overdrawn and they said they can't close it because of that. So when my direct deposit hits on Friday it will clear the negative balance, but then once 8:00 hits the loans will come out again. I am never going to get this cleared up am I until I pay all these loans off?

You need to demand your bank to put your account on a freeze that allows deposits only. Go and see them in person. Explain to them that these are illegal loans and that it can turn into a legal matter. Can you go to another bank and open a account. then transfer your direct deposit to them. You really need to take control of your pay check before you will ever get through this. You are not going to be arrested for internet PDL's. You look like to me that you have paid most of them off by paying them the principal balanc go to the link here to see the laws for PDL in your state: http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

Ok so here is a question of the link that was posted above for the laws in Nebraska...

As an example the Titan Group loan was for $200. If I am reading the information correctly they can really only charge me $30 on the loan as the fee and not the $60 they are charging me. The interest loan on my paperwork is 782.14% but this says 459%. It also says I can only have one out at a time I have more than that. Also what does this statment mean... "Permissible number of Rollovers - None (cannot be repaid, consolidated or refinanced)"?

State Legal Status
Lending of payday loan is considered legal in the State of Nebraska.

Loan Specifications

• Maximun Amount of Loan - $500
  
• Term of Loan - Maximum 31 days
  
• Maximum Rate of Finance and Fees- $15 per $100 or pro rata for any part of the check amount thereof
  
• Finance Charge on $100 loan for a 14 day period - $17.65
  
• APR for $100 loan for a 14 day period - 459%
  

• Maximum Number of outstanding loans permitted at a time - 2
  
• Permissible number of Rollovers - None (cannot be repaid, consolidated or refinanced)
  

• Collection Fees Amount - NSF fee of $15
  

• Regulator - Nebraska Department of Banking & Finance
  
• Address - Financial Institutions, 1230 'O' Street, Suite 400 P.O. Box 95006 Lincoln NE 68509
  
• Phone - (402) 471-2171
  
• Regulatory Contact - Karen Reynolds, Review Examiner
  

if you are on disability. and have payday loans . state of ms. what if you stop payment on check. and tried to work out a payment plan with them.

Nebraska requires Internet payday lenders to be licensed by your state and the Titan groups is NOT. You can check for yourself at the link below:
http://www.ndbf.ne.gov/searches/fisearch.shtml
CLICK HERE to find out how to deal with illegal lenders.

Ok I am sending the emails to all the PDL companies hopefully it will get me somewhere and they stop taking the money out and I can get that account closed and get a new one opened. Do I need to report to all 3.. BBB, Nebraska Department of Banking & Finance and the Nebraska Attorney General?

Ok here is the response I got back from Eastside Lenders... are they right? If not what do I respond with?

East Side Lenders is responding to your correspondence regarding the
above-captioned account.
East Side Lenders, which is located in Delaware, is licensed by the State of
Delaware to make small loans. All such loans are approved and funded in
Delaware, with repayment to be made in Delaware. The East Side Lenders loan
agreement and website contain all disclosures required by Delaware and federal
law and make it clear that all transactions are governed by Delaware law. On the
advice of counsel, East Side Lenders maintains that the choice of Delaware law
as controlling in the loan documents would be upheld, as all of the significant
contacts in the loan transaction occur in Delaware. The loan agreement is legal
and enforceable. In responding to your correspondence, East Side Lenders notes
and reserves all available legal and equitable objections to the points you have
raised.
East Side Lenders provided this service as a convenience to you. We still
consider your loan to be outstanding and are prepared to go to arbitration as
provided for in the Loan Agreement between us. As an alternative, if you are
experiencing financial hardship, we will be happy to speak to you about payment
arrangements through which you can successfully meet your payment obligations.
East Side Lenders will consider doing so because of our continuing commitment to
servicing our customers and not because of a legal obligation to do so.
Should you have any further questions regarding this matter, if you wish to
speak about payment arrangements, please contact us at (800) 689-5603.
Sincerely,
Customer Service

Quote:

no,that is one of their form letters.they are not legal just about everywhere.re-send your e-mail,and keep re-sending.they are full of it.your state law prevails,and they know it.they are just trying to BS you.

I have done complaints on all these on my State Attorney General's website and now I am moving on to the BBB, but I need addresses on some of these can anyone help me? I have googled them and can't find anything...

Titan Group 877-891-9021
My Next Day Cash 877-355-3915

Ok I received a response back from My Next Day Cash & VIP (apparently they are the same company)... can someone please tell me what exactly I should respond back with? Between the 2 companies I took out $900 in loans and have paid them $2070. I don't think I should owe them anything else.

Ms. Besch,

I respect a consumer who researches the services to which he/she uses. With that
being said when you applied for and agreed to the terms of the loan it would
have behooved you to read the complete contract you were agreeing to. You are a
citizen of the state of Nebraska; however the contract was not made in the state
of Nebraska. The contract was completed via the World Wide Web; the governing
law (clearly outlined in your contract) which you agreed to by your legal
e-signature is based in the isle and providence of Nevis West Indies Bahamas.

With all the information at hand I am still willing to work out arrangements
for the balance that is still owed on your account. You may contact our offices
8am-5pm CST Monday-Friday. Our toll free phone # is 1-866-598-1100 option 4. You
must contact our Collections Department as soon as possible. If no contact is
made within a reasonable time the account will be sent to a third party
collection agency.

I am showing a current balance on your account of $1280.00 between both
companies ($455.00-My Next Day Cash -- $825-The VIP Loan Shop). If you would
like to break the balance into several payments, I can stop all interest from
accruing so any payments that you make will be applied toward the balance. The
balance can be broken into several weekly, biweekly, or monthly payments in the
amount of your choice. I can also offer a settlement on your account for a
one-time payment of $900.00. If you do not want to use your checking account to
make payments, then we can accept credit cards, debit cards, or prepaid cards as
a form of payment. Please let me know if either of these options would work for
you. Thank you!


Angie G
Collections Rep.
[URL="https://webmail.east.cox.net/do/mail/message/mailto?to=angie%40pdlsupport.com"][COLOR=#0000ff][/COLOR][/URL]

[QUOTE=Anonymous;668640]Ok I received a response back from My Next Day Cash & VIP (apparently they are the same company)... can someone please tell me what exactly I should respond back with? Between the 2 companies I took out $900 in loans and have paid them $2070. I don't think I should owe them anything else.
Ms. Besch,
I respect a consumer who researches the services to which he/she uses. With that
being said when you applied for and agreed to the terms of the loan it would
have behooved you to read the complete contract you were agreeing to. You are a
citizen of the state of Nebraska; however the contract was not made in the state
of Nebraska. The contract was completed via the World Wide Web; the governing
law (clearly outlined in your contract) which you agreed to by your legal
e-signature is based in the isle and providence of Nevis West Indies Bahamas.
With all the information at hand I am still willing to work out arrangements
for the balance that is still owed on your account. You may contact our offices
8am-5pm CST Monday-Friday. Our toll free phone # is 1-866-598-1100 option 4. You
must contact our Collections Department as soon as possible. If no contact is
made within a reasonable time the account will be sent to a third party
collection agency.
I am showing a current balance on your account of $1280.00 between both
companies ($455.00-My Next Day Cash -- $825-The VIP Loan Shop). If you would
like to break the balance into several payments, I can stop all interest from
accruing so any payments that you make will be applied toward the balance. The
balance can be broken into several weekly, biweekly, or monthly payments in the
amount of your choice. I can also offer a settlement on your account for a
one-time payment of $900.00. If you do not want to use your checking account to
make payments, then we can accept credit cards, debit cards, or prepaid cards as
a form of payment. Please let me know if either of these options would work for
you. Thank you!
Angie G
Collections Rep.
P: 866-722-2770
F: 866-287-9563
[URL="https://webmail.east.cox.net/do/mail/message/mailto?to=angie%40pdlsupport.com"]angie@pdlsupport.com[/URL][/QUOTE]

Tell them they owe YOU a refund and they can go piss up a rope.

Wish me luck tomorrow is Payday let's see if any of them stop taking money out. Since I haven't gotten any responses saying my loan is paid in full I am betting that won't happen.

respond like this.you are not a citizen of the west indies,have been a citizen of the west indies,or are going to become a citizen of the west indies.therefore nebraska law prevails,and i will file complaints with my AG.

you have overpaid both of your loans,and owe this bottomfeeding pdl slime nothing.in fact they owe you.file the AG complaints,and just know anything they e-mail is absolute BS.

Quote:

My bank (which is a credit union) told me there is nothing they can do if I owe these companies money since my account is overdrawn (I have overdraft protection) because of the loan payments. I am going to call the Nebraska Department of Banking and Finance and ask them if there is anything they can do to help me deal with my bank.

did you draft an ACH revocation letter?if not do so,and submit it to the pdl's then your credit union.once you send or e-mail that letter.any debit these places attempt is illegal.

Who does the letter have to go to the PDLs? I sent the form letter that is listed on one of the forums here to each of the PDLs. It says this in it...

I hereby revoke any and all ACH authorizations with your company from debiting
any of my personal accounts, per Federal law, Regulation E Section 205.10
Preauthorized transfers.

Yes it has to go to the PDL companies.

That statement that you posted above applies to them debiting your account any further. Not all companies will grant that request and still attempt to debit your account. That is why you send them this to have your bases covered showing you sent them notification.

FYI: Try to send them the letter 7 days in advance before your next payday, if you cannot then send the letters to each PDL company ASAP!

I sent this letter to them a few days ago. I am going to resend it to all of the ones that haven't responded yet today.

Yes, great idea and best of luck!

[QUOTE=amyliz421;668893]Who does the letter have to go to the PDLs? I sent the form letter that is listed on one of the forums here to each of the PDLs. It says this in it...

I hereby revoke any and all ACH authorizations with your company from debiting
any of my personal accounts, per Federal law, Regulation E Section 205.10
Preauthorized transfers.[/QUOTE]

if you gave that to the pdl's, then give your credit union a copy.your credit union should be held to the same standards as any bank.give them a copy of the ne pdl laws and state you have overpaid each of your loans,and want either the debits stopped or reversed.then do as you stated and inform your state dept of financial inst and bank division.what they are doing is disobeying a federal law in the EFT act.

Since I was having a problem with my bank I sent them this message... will it work?

After speaking to I believe Becca on the phone the other day I made some other phone calls and was made aware of this law. Federal law, Regulation E Section 205.10 Preauthorized transfers. If you look at this item...

(c) Consumer's right to stop payment--(1) Notice. A consumer may stop payment of a preauthorized electronic fund transfer from the consumer's account by notifying the financial institution orally or in writing at least three business days before the scheduled date of the transfer.
(2) Written confirmation. The financial institution may require the consumer to give written confirmation of a stop-payment order within 14 days of an oral notification. An institution that requires written confirmation shall inform the consumer of the requirement and provide the address where confirmation must be sent when the consumer gives the oral notification. An oral stop-payment order ceases to be binding after 14 days if the consumer fails to provide the required written confirmation.

I requested to stop all ACH withdrawls during my phone call on Tuesay. This would keep my account from going negative so I can close it and reopen a new one. I contacted all of the PDL companies and told them I revoke all authorization from my bank account. I also let them know the guidelines for the state of Nebraska which requires them to be licensed in Nebraska to do business here. Most of these companies owe me a refund due to these guidelines. Please let me know what else you need from me.

looks good to me.send it out asap.

I got this response back from VIP/My Next Day Cash... can they send me to third party collections? Should I respond and tell them since they can not provide me proof they are licensed in Nebraska they have no legal back up to collect any more money from me?


There will be a total amount of $1105.00 being submitted to your account
tomorrow. If the payment clears, then your account will be considered paid in
full with our company. If the payment does not clear and there are no alternate
arrangements set up in our system, then your account will be submitted to a
third party collections agency for the full balance of $1280.00.

Good news, I got my bank to do the stop payment on them! Now I just have to get them to stop trying to collect.

filing AG complaints will help there.if you already filed complaints.file follow ups.btw their collectors will be as crooked as they are.we can advise from there.keep us posted.

I have filed a complaint on each of them with the State AG & most of them with the BBB there are 2 I can't find address on so I can't do those. I will also file complaints with the Nebraska Department of Banking & Finance... those look like they are a little more paperwork. What I don't understand is my bank (credit union), the lady I talked to kept saying well they deposited money in your account so it was a loan and you owe them. I was trying to explain that I have paid that back sometimes over $1000 more than what the loan was. She helped me but she wasn't very understanding. Geez lady I messed up.

Quote:

Like I said I am just worried what happens when these get returned with them trying to call me or my work and then being sent to collections.

if they call your work a cease and desist letter should be sent.if they send it to collections then you can take action against the bottomfeeder attempting to collect.i guarantee they will be as crooked as the pdl's are.

Ok so I have my bank account closed. Tricky little VIP & Next Day cash sent the payments through as checks not ACH payments, luckly my bank sent those back for me too. Now will come all the phone calls and emails telling me I owe them money and they are going to send me to jail. Most of these companies didn't respond to my original email. I am going to send them another one today. I am sure since they didn't get my money they will want to talk to me now.

Does anyone find it strange that there a few companies who haven't contacted me at all after my payments were rejected on Friday?

Eastside Lenders keeps calling my phone after I have told them to only contact me via email. Is there anything else I can do?

Quote:

I have filed complaints on all of them, I did that early last week maybe that is why they haven't contacted me. What can I do if they keep contacting me via phone after I have requested they only contact me via email or US mail?

Also I found this... does this help me?


http://www.ndbf.ne.gov/legal/2009/updated2009/dds_licensing_45-901_to_%2045-929_2009.pdf

Ok the calls from the collection agencies have started... now what do I do. Can they really arrest me and garnish my checks?

NO.

No matter what they say they CANNOT arrest you or put you in jail. As long as you are dealing with companies that aren't legal lenders in your state, they can't take you to court, either (well, they could, but not successfully... so they're not gonna). If you are dealing with legal lenders, they could conceivably sue you with a hope of success, but if you are making regular payments (whether or not it's in accordance with THEIR payment plan), a judge is unlikely to rule against you.

Garnishment? If you sent that ACH auth revocation letter complete with the revocation of any wage garnishment assignments you may or may not have signed with them, then no, they can't.

The only way your wages can be garnished is (a) with a voluntary wage garnishment, which you can revoke at will, or (b) a court-ordered garnishment, for which they would have to go to court and win an action against you.

Ok I am getting calls now and they are just giving me names that I am thinking are not actual names... can anyone match these phone numbers up with anyone? I don't want to call them back, I want to be able to mail them a C&D letter.

866-679-4046
816-581-2447
800-542-1048

Ok 800-542-1048 is NCA collecting for Titan Group. They are evil.. I asked for their address and they said I don't need it. I told them to stop calling me at work it is against our corporate policy. He said too bad we will keep calling until you pay us. I filed a complaint with BBB & FTC