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United Cash Loans claim they are above the laws

Submitted by jrodriguez3 on Mon, 08/18/2008 - 14:57
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I recently spoke to them about making a payment on my PDL and they want me to pay $ 510 for a $ 300 loan. I told them that the CA laws only can allow loans for $ 255 max and the guy on the phone laughed and said that because they are internet they do not go buy CA laws and even though they are based out of Oklahoma. have you guys heard of internet PDL companies claiming to be above the laws of the states you are in? :?: :shock:


you bet i have.all MNE,MTE d/b/a's claim that stupid BS it's because there address is a p.o. box on an indian resrvation.that way they think any laws don't apply.they are not licensed at all either,but they don't let that stop them from there illegal ways.just keep at them.file AG COMPLAINTS if you already haven't.also FTC and BBB complaints.plus try not to engage them over the phone a complete waste of time and energy.


Submitted by paulmergel on Mon, 08/18/2008 - 15:05

paulmergel

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you must safeguard your bank account.either close it and open a new one or put it on a hard block.that means nothing goes out.make sure it can't be re-opened by pending debits.


Submitted by paulmergel on Mon, 08/18/2008 - 15:23

paulmergel

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well I am waiting to hear back from the AG office and intersting enough they looked up Unitedcashloans and said that they are licensed in CA and they have to obey the CA laws. Now that is interesting since everyone here is saying that they are not licensed for CA. Now this is I I think, if somehow they are than they need to go by our rules and if they are not after further review should I mail them a money order for the amount that I borrowed of $ 300 only? Thanks.


Submitted by jrodriguez3 on Mon, 08/18/2008 - 15:27

jrodriguez3

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I have one through ameriloan and I was looking over the contract via email and it said something interesting: Governing Law: By obtaining this loan and or renewal of this loan thereafter, both parties agree that this Note and your account shall be governed by all applicable federal laws and all laws of the jurisdiction in which the Lender is located, regardless of which state you may reside, and you consent to the exclusive exercise of regulatory and adjudicatory authority by the jurisdiction in which the Lender is located over all matters related to this Note and your account, forsaking any other jurisdiction which either party may claim by virtue of residency. Does this mean that they don't have to abide by CA laws then? I also saw that Ameriloan as well as Unitedcashloans have the cease and desist on the Ca Corp website. I guess they are in teh same boat.


Submitted by jrodriguez3 on Mon, 08/18/2008 - 17:31

jrodriguez3

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The State of Oklahoma issued a C&D to Rio Resources, not MTE. Rio is a partner of the Miami Tribe. Since the Oklahoma address is on a reservation, Oklahoma has no jurisdiction to shut them down. (Although they are probably watching the cases in California and Colorado CLOSELY to if anything changes.)

Of course, even if the Oklahoma authorities could physically enter the reservation they wouldn't find anything. MTE simply lends the Miami tribe's name (and they argue, their sovereign immunity) to two lenders in Colorado and Kansas, who then use a bunch of different names to process the loans from their call centers there.


Submitted by FreakyFriday on Mon, 08/18/2008 - 17:32

FreakyFriday

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ameriloan, One Click Cash, 500 Fast Cash, US Fast Cash and United Cash Loans are the companies covered by the court order. (That's the key - any regulator can issue a C&D but they still have to go to court and enforce it. California did.) All of these operate out of Kansas - and aren't operated by any tribe.


Submitted by FreakyFriday on Mon, 08/18/2008 - 17:41

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jrodriguez, has someone previously posted the CA laws for you? I'm not positive, but doesn't CA require PDLs to be licensed in that state in order to lend to residents of that state? If so, then it doesn't matter what the contract says. They would still need to be licensed in CA to lend in CA.

You really do need to close your bank account and revoke ACH authorizations:

http://www.debtconsolidationcare.com/paydayloan/close-account.html

Also, you need to revoke any voluntary wage assignments, and give a copy to your employer also.


Submitted by alias1958 on Mon, 08/18/2008 - 17:42

alias1958

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yeah, Unitedcashloans is trying to take out the $510 amount but I am having my bank block that transaction when they try so I can find out from the Ca Corp Dept on what to do with UnitedCashloans and ameriloan. I am trying to figure out what to do with my PDL's that I have with :

Unitedcashloans
Ameriloan
Sandpoint
FTR processing
VIP payments
EZ payday cash
discount advances

Thanks.


Submitted by jrodriguez3 on Mon, 08/18/2008 - 17:47

jrodriguez3

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United Cash Loans will tell you just about anything! I told them that the Government of the State of Maryland told me that they were illegal in Maryland and they told me that the people in Maryland Government were wrong!!!


Submitted by on Tue, 08/19/2008 - 12:26

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Well that payment would of paid it off in full but I really did not want that amount to be paid. It is pending with my bank and I could probably get it back, but I am considering now to let it go and be done with them for good. I just do not know if I want to batlle with them do to the fact they have the C & D order against them in CA. I don't know how much to pay back at all, my loan was for $ 300 and now I have paid $510. Thanks.


Submitted by jrodriguez3 on Wed, 08/20/2008 - 10:24

jrodriguez3

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I had a loan with United Cash Loans. I sent them the letter with CA laws, revoked debit authorization for my bank account and stated I would pay the balance of the principal - this was back in July. I could only send it via email and fax since I didn't have a physical address for them (none is listed on the website, contract, or their correspondence). Evidently they did receive it because they did not attempt to withdraw money from my account, BUT, they never responded either, I simply would get text messages saying my account was past due and to call them.

This morning I received an email stating my account was overdue and I owed them $480 (on a $300 loan, already have paid $180!) and gave me a link to follow to set up a "settlement" and payment arrangments via the web, the big draw being this could be done without ever speaking to a collector! Yeah right, not falling for it, not even following the link. Now I have the physical address, they're getting another copy of the letter (along with the first one, as dates are different) and copies of the papers filed against them in the state of CA. Complaints with all appropriate entities have been submitted as well.

If it were me, I wouldn't let them just take $510 from you - I believe in paying what you owe, but that's $300, not $510. Beware, you think it's paid off now but I believe these places sometimes continue to try and debit money from you account - just be careful.

Good luck!


Submitted by on Thu, 09/11/2008 - 09:45

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right on guest,jrod you need to either close that account now,or put a hard debit block on it.i wouldn't trust this illegal pdl as far as i can throw them.guest is right,that debit means nothing.they can still debit your account and probably will.


Submitted by paulmergel on Thu, 09/11/2008 - 10:07

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