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How do I know if Crown Lending and United Cash Loans are legal in PA?

Date: Wed, 12/05/2007 - 01:28

Submitted by keys_to_your_dreams
on Wed, 12/05/2007 - 01:28

Posts: 4 Credits: [Donate]

Total Replies: 29


good evening friends, i am here because i to unfortunatly fell victim to two pdl's CROWN LENDING and UNITED CASH LOANS. Each loan is in the amount of 200.00 each. i have so far paid 60.00 each. thursday will be 120.00 each. i live in pennsylvania. i could really use some help, because i know that i signed up for united cash loans, but i was in the process of speaking with someone at crown lending when we were disconected. They were holding for bank verification, when i was cut off. i never fully completed any authorization. is this legal? the money was deposited in my account. i do not have a website for CROWN LENDING nore a email conformation. (the only paper work i have states my annual % rate is 842.31% finance charge is $60.00 amount financed is 200.00) Also i have noticed that my account number is correct but my banking institution is wrong.i have no actuall loan document i know i should not have used a pdl but at the time i was against a wall. the only thing from CROWN LENDING i have is on my bank statement which is 1 866 556 9434. and as for the fast cash i recieved a letter of pay ment three days after the first "paydown" amount was taken from my account. how can i find out if either of these so called loan companies are legal. not to mention i check my email every day and i have atleast 30 emails for advances. no matter how many i take my name off of they double in number. i thank god for people like you looking out for those of us who in week moments look for the easy way out. i thank you gratly for your time and beg for any assistance you can offer. Jason


I know United Cash Loans will not be licensed anywhere. However, I am not sure of Crown Lending.


lrhall41

Submitted by cannr on Wed, 12/05/2007 - 04:43

( Posts: 9317 | Credits: )


Does anyone know how these illegal/unregulated internet lenders fund these loans? Do they partner with the national or state banks through ACH system. Would the bank then fund the loan and the lender/pdl loan company collect on it (and the bank stays out of the transaction)?? Make you wonder, where are they getting the money from. Can anyone shed light on this mystery, or correct me if I'm wrong.


lrhall41

Submitted by on Wed, 12/05/2007 - 07:20

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I am sorry for having to ask all of you for this much help but i want to make sure i complete everything perfectly to finally stop these illegal deductions and so i may be able to have a holiday with out the worry of a check bouncing due to these thevies. could some on eplease help me with the proper steps and stop letters i need to get this ball truly rolling i am in the process off closing my bank account. but there is where im stuck


lrhall41

Submitted by keys_to_your_dreams on Wed, 12/05/2007 - 23:32

( Posts: 4 | Credits: )


keys, first step is CLOSE THAT ACCOUNT. Do not send the pdls any letter until this account is to the point (however you have to do it) to where they can no longer access it. I'm going to post something by goudah for you to read regarding closing your bank account, okay? Read this and post any questions. You need to get the bank straightened out FIRST. Then we do have letters that we can send you that you can mail to your pdls (both of which will be considered unlicensed/illegal). And do not worry about asking questions. We will help you the entire way. Here is the information regarding closing bank accounts. Please post any questions. Once we get the bank account straightened out, we're going to send letters to your illegal plds. :wink:


lrhall41

Submitted by cannr on Thu, 12/06/2007 - 04:21

( Posts: 9317 | Credits: )


Quote:

Before you close your bank account due to payday loans eating away at your paycheck, please read this.

Some banks have a policy regarding ach transactions that allows them to force open closed accounts if any ach transactions go through within a certain time frame after the account is closed. This can leave you owing a legal bank $1,000's and reported to chexsystems, instead of owing barely legal (or not at all legal) payday loan companies. Not a good thing. Ask your bank what their policy is on ach transactions on closed accounts before you close the account. It's best to go in person and talk to a branch manager.

If your bank does have this policy, tell them your situation. Don't be embarrassed. Take letters with you showing that you have revoked authorization for each of your payday loan companies to debit your account. Tell the bank to put your account on deposit only, an ach block, or a hard hold before they close the account. Your bank can do one of those, don't take no for an answer. This will prevent any payday loan ach's from reopening the bank account.

It'a always best to close your bank account. Leaving it open gives ways for the payday loan companies to continue to take money out. These companies have many different dba's, so blocking them won't work. They will also produce paper checks and run them through your account. Closing the account is the best way to prevent these companies from taking money out of your account.

Some state laws do allow for prosecution if you close your bank account, but that is usually in cases of fraud. But it's always best to check with your state's attorney general or department of financial institution before you close your account. You want to make sure you are not causing more heacaches!


Last edited by goudah2424 on 17 Jul 2007 15:25


lrhall41

Submitted by cannr on Thu, 12/06/2007 - 04:23

( Posts: 9317 | Credits: )


Jason, I just stressed to my bank that these are unlicensed illegal companies that were removing money from my account without my authorization after I had paid them in full. I also stressed that I was working with the State Attorney General and the Department of Financial Institutions to resolve this situation. And I gave them copies of my letters where I had cc: to those agencies. You will need to use whomever your state regualting agency is.


lrhall41

Submitted by RoxyNY on Thu, 12/06/2007 - 18:57

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Takne care of....If you have any questions or need any help, let us know. Everything you need to cover should be there. Remember to send it certified return receipt...I also e-mailed and faxed mine. Be sure to keep copies for your records and if you e-mail or fax, print out the verifications of sent activity.


lrhall41

Submitted by RoxyNY on Fri, 12/07/2007 - 04:49

( Posts: 4178 | Credits: )


Just jumping in here. Regarding the bank giving this person a "hard way to go". Hell, I just said "I am working with an attorney to get this resolved with these illegal companies." There. Done. Whatever makes them happy. If that's what they want to hear, friggin tell them. Whatever it takes to get your bank account "safe".


lrhall41

Submitted by cannr on Fri, 12/07/2007 - 05:30

( Posts: 9317 | Credits: )


I need help with crown lending these people have taking 90 dollars out of my account since July thats 720.00! I have been trying to make contact but nothing they have me in the whole!


lrhall41

Submitted by on Sun, 03/09/2008 - 14:39

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avey, here is the contact information for Crown Lending:

Crown Lending
909 NE Loop 410 # 311
San Antonio, TX 78209
210-828-3384

What state do you reside in? And what is the status of your bank account? Is it still open/active to where they can continue to debit you?


lrhall41

Submitted by cannr on Sun, 03/09/2008 - 19:06

( Posts: 9317 | Credits: )


I got a call today at my job, form this company, whom I have never had any dealing with, I have never had a payday loan in my life, this is the fun part they knew all my information my bank , the account # the only thing did not know was my ss#
I was told that I got $200.00 dollars, in 2007 for they online
which I never did. this call was from the legal department,
I thought payday loans came out of your account automatic
but when I told her that I had never had a loan, and that I would turn this over to the FBI they hung up very fast. I have a number for the legal department.


lrhall41

Submitted by on Wed, 03/04/2009 - 17:42

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I recieved a call saying I am being sued by crown lending for a loan supposedly done in november of 2008 I filed bankruptcy in august of 2008 my Lawyer told( more like suggest) me back in june when I went to talk to him to close my accounts I did, and have no debt except for the house the car and student loans. They will not stop calling me at work or home they have every peice of information about me. All the debt I put in the bankruptcy (chapter 7) was discharged with NO objections. I emailed the FTC and the attorneys genderal in my state I am at my breaking point.


lrhall41

Submitted by on Fri, 03/27/2009 - 20:02

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Hello everyone, I too live in Pa and will be checking out that site. I had gotten a loan of $200 with the $60 fee, and I have since paid them like $290 or more and they are going to take out $95 on the 8th of Apr. I haven't called them yet but I just happened to find this site and was reading about all the other people that are getting ripped off byt UCL. I just thought that I would mention my problem as well. And I just received a letter from Colorado stating that they overpaid me for unemployment benefits, and now I have to pay them $643 but I did make payment arrangements though, because I didn't take care of the first notice, they added $400 more so I am up to my eyeballs in debt. Any suggestions would be greatly appreciated. I might just have to close my account for my bank because I feel that I have paid them on the loan and then some. Thanks


lrhall41

Submitted by on Thu, 04/01/2010 - 00:50

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