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PDL Hell

Date: Thu, 09/18/2008 - 05:24

Submitted by anonymous
on Thu, 09/18/2008 - 05:24

Posts: 202330 Credits: [Donate]

Total Replies: 9


Hello all,

I had 6 pay day loans
Paragon
Arrowhead Investments
Vince Enterprises Ltd
EP Processing
IMpact Cash
Rapid Cash

I recently found out, through this forum, that they were all illegal in the state of New York. I had Paragon previously for 300....i paid roughtly 700 dollars on that one alone. Same thing with Arrowhead, Vince, EPProcessing and Rapid Cash.

I had paid the first 4 off ( and hundreds of fees later) and then took them out again.

I just closed my bank account this week. My bank was awesome and put a stop on all 6 payments. They also sent my C & D letter on my behalf to all of the ACH Processors.

Where do I find the address for those 6 loans? I need to send them the C & D letter as well correct?

I can't seem to find it anywhere. Any help would be appreciated.

Also, since I had paid hundreds of dollars in fees before I paid all of them off....I am technically entitled to that money back. However, I also know I have to pay the principal amount of these loans that I re-activated. I was wondering since I paid so much in fees the first time I took them out ( and then paid the principal amount), am I still required to pay off the principal on these 6 because I took them out again? Can't they just...I don't know, count the over paying of fees I did from the first time I took the loans and transfer the balance over to take care of this second round of loans?

I know this is a lot of information, I'm just trying to make sure I don't get arrested or harassed at work and I want to do the right thing.

Thanks for all your help!


Look in the DIY section and get a letter to send them via fax, email, and CERTIFIED mail. Pdls are illegal in your state

Legal Status: Prohibited

Citation:
Licensed lender law applies but interest rate is that agreed to by contract. N.Y. Banking Law ???? 340 et seq. A check casher licensee cannot make loans nor cash or advance any moneys on a post dated check unless it is a payroll check. N.Y. Banking Law ???? 373. Criminal law sets the usury cap at 25%. N.Y. Penal Code ???? 190.40.

Small Loan Rate Cap
25% per year

Where to Complain, Get Information:
Regulator: New York State Banking Department
Address: One State Street New York NY 10004
Phone: 1-877-BANK-NYS
Fax:
Regulatory Contact: Regina A. Stone Deputy Superintenden


lrhall41

Submitted by danilewis82 on Thu, 09/18/2008 - 06:22

( Posts: 296 | Credits: )


Here is some info I found on these companies....

Paragon Way, Inc.
PO Box 42829
Austin, TX 78704-0048

(512) 347-1496
(888) 570-5007

I found this address in another thread

Arrowhead Investments, Inc.
1219 Lydia Ave.
Kansas City, MO 64106
Telephone: (866) 355-7308
Fax: (866) 379-7667

Arrowhead Investments
PO Box 50191
Minneapolis, MN 55405

You will know more about this company in these links

http://www.debtconsolidationcare.com/settlement/arrowhead-call.html


Vince Enterprise (Check Paid Fast), (877) 377-2677

Electronic Payment Processing
9 am - 4 pm CST
P: 1-866-468-7111 x 103
F: 1-866-686-5333

IMPACT CASH LLC
1551 RENAISSANCE TOWNE DR, STE 560
Bountiful, UT 84010
Telephone: (435) 214-4148

Rapid Cash Management

928 High Rd
London
N12 9RW

1800-266-8880


lrhall41

Submitted by danilewis82 on Thu, 09/18/2008 - 06:33

( Posts: 296 | Credits: )


This is insane.
So i went to my bank and asked them to print out every ACH transaction between the time i opened the acount ( nov 30th of 2007) until it was closed this week.

Here is what I came up with:

Arrowhead
Borrowed 550 Paid 660 Overpaid by 110

Electpymt
Borrowed 250 Paid 750 Overpaid by 500

Impact
Borrowed 660 Paid 2,035 Overpaid by 1,385

Paragon
Borrowed 600 Paid 570 I owe 30

Rapid Cash
Borrowed 400 Paid 2,291 Overpaid by1,891

Vince
Borrowed 500 Paid 560 Overpaid by 60

World Wide Cash
Borrowed 200 Paid 1,790 Overpaid by 1,590

I want to throw up

I borrowed in total 3,650 and paid 7,556. I overpaid by 3,906 dollars!

UGH i want to crawl under a rock and die. I"m never going to see a refund again am I?

Have you guys heard of anyone getting refunds?


lrhall41

Submitted by on Thu, 09/18/2008 - 08:39

( Posts: | Credits: )


I have a loan with Arrowhead, M1Y Direct, Vince Enterprises, and B.I.G. they sound like a dang london place some out of the country people own that one...but I can t find there dang addresses anywere could anyone help me...i have arrowhead i need Vince, M1Y Direct, and B.I.G. and that is all all your help is greatly appreciative..


lrhall41

Submitted by on Sat, 09/27/2008 - 10:30

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