Loan Shop/DMS

Is this the Little Loan Shoppe??

Yes Nat Its the same. Kyside38

I have a loan with these jokers also. I am in the process of paying them off. They say that I owe them $125.00 for a $100.00 loan, remember I live in NC and am only required to pay back the principal. Ok, I paid them a $25.00 renewal fee, $31.25 money order, and now they say that I owe them $93.75 more, b/c there interest is below my state laws (prohibited, 36%). If I am correct I only owe $43.75, right?????

You are correct. My AGs office contacted Brad after kyside helped me with the good contact info. and this fella settled me as paid in full ASAP. Didn't call me back directly but had one of his collection ladies call me to tell me I was marked paid in full with THEIR apologies.

Ok, what should I tell him when I call?? And will he accept that they are illegal here and I am only required to pay back principal??

You can call and e-mail him. Let him know that you are in NC and they are illegal and you have filed an official complaint with your AG's office. He knows the laws, they will settle with you.

Do you think they will make me pay the remaining $43.75 or what?? Would you email him now or wait until the am??

Email him now and that way he'll have it first thing in the morning :)

Nat, With the trouble this company is having I wouldnt be suprised if they forgave the forty so dollars. They have been in Hot Water everywhere. E-mail them and see what they say. KYSIDE38

Kyside is right, they have been real quick to settle with people. They are drawing too much attention these days of AG offices.

Will it be okay to post my email here to let you guys see before I send it??

Nat Post Away!!1 LOL Kyside38

Yes, please do. I can't wait for "guest" to come on here and give his legal review of it! LOL

Hi, I, (my name) currently have a PDL with your company. I live in NC and PDL are PROHIBITED here. My principal amount was for $100.00, and on that I have paid ($25.00 renewal fee), and a money order payment ($31.25), for a total of $56.25. According to my AG's office, where I have already filed a complaint, I am only required to pay back $43.75 more, for a total principal of $100.00. I am requesting that the settlement offer be considered or my account marked PAID IN FULL. Please acknowledge receipt of this email, and acknowledge acceptance of, and willingness to adhere to the settlement described above, by email, within 24 hours of receipt. If I do not receive this acknowledgement within 24 hours, I will begin further legal proceedings. Thank you,

Try this:
Your Name
Address
City,State
Phone Number
Acct#/social security whichever they have on you

Brad Weathers
DMS Mktg/Loan Shoppe/PD6 Ventures
his contact info.

DON'T EVEN BOTHER WITH NICITIES. I would drop the Hi. And proceed with your acct. inco and purpose of your letter. You could even use Polly's settlement letter and e-mail that to him. That is what I would do.

What was the link to polly's letter??

Would I just put the info for him that you posted above and the phone/fax number??

natdust - sounds like a great e-mail to me. I am sending a similar one to Rt. 66 tonight, as they have sent me another collection e-mail after being silent for a week. We'll see what they say.

so you took out a loan, knowing they were not allowed in your state and now you are trying to skirt the payback? so if smoking were found to be illegal would you try to have the tobacco company pay you back for all of the packs of cigs you bought?

pay your bills and move on.

natdust, Steelers1 is right. You can't be nice to these people. The only thing they understand is when you tell them you're reporting them to the AG's office. Good luck. Let us know what happens.

Guest, why would these companies issues these types of loans in a state where they are prohibited. There are legitimate internet pdls out there who actually obtain licenses to loan in the states they offer services and they follow the individual state's pdl laws. Those are the companies I trust and would do business with. And why is it when the officials get involved these unlicensed internet pdls suddenly want to settle the accounts to get the AG off their back? If they were in the right, why would they not fight the officials?

just trying to understand why people take out loans, knowing they are illegal (if they truly are, most states allow these loans and it is misinformation to tell people that they are illegal) and then claim that they don't have to pay them back.

They are TRULY illegal in some states, and most people do not know this. And I would never tell somebody not to payback money they borrowed. And you are obligated to pay them back along with the LEGAL interest rate, learn your lessons and know that you are not allowed to take such loans in states where they are prohibited.

Guest, when people take out these loans, they ASSUME they are legal, and then LATER find out they are illegal.

You'll never hear out of my mouth to not pay back what would be legal in your state. I don't believe anyone should get out of paying anything that they rightfully owe-according to the laws of the state that they reside in.

guest, do you think 1770.00 in fees for a 200 loan and still owe 400 is legal?? you must be smoking something and you ovbiously have nothing to do with your life other than read the post and annoy everyone, if you think we are so wrong it hurts you just leave that's all.

i think we should just ignore the guest he will eventually get the point!!!!

ok so what shoudl happen to the people that don't pay back the legal fees that can be applied?

what should happen to those people?

Guest, I don't think anybody is arguing that they would pay back the principal and legal fees, and in the case that the legal fees aren't paid back, then that all depends, is that internet pdl licensed in that consumer's state? If they are then they have the option just like any other creditor to seek a legal civil judgement in that case. And it isn't up to us to decide what happens to "those people" that is for the legislature to decide and I think those laws are already in place.

A licensed PDL can take you to court. An unlicensed can not. (Why? Because they would be arrested for lending money without a valid license..This isn't my opinion, but was told to me by the Director of Financial Institions for Ohio)

i personally would not fight the legal fees, however these amount is too much and with this verbal agreements the fail to explain the rates and that is really impossible to pay them off...when i wanted to pay off my loan they wanted 350, then 400 then 500 each week they add $100 or 50 to my account this is stealing!

Probably the same staff person at the Director of Financial Institution for OH who told me the EXACT same thing Jessi. Shouldn't be a problem for the pdl if they are licensed in the state the consumer defaulted on the pdl.

Just letting you guys know that I sent the email to Brad Weathers and he said that I am not in their system. Are you sure this is for Little Loan Shoppe???

That is another name these guys go by, it could be that there is another company using the same name. I've seen that happen. I have e-mails from Brad's company and it listed all of the dba's and it had Little Loan Shoppe as one of them. (Also, DMS Marketing, PD6 Ventures, and Xpress Cash)

What should I do?? Because I got the email stating that I don't have an account with them...

Did you file a complaint with your AGs office against them? It could be they deleted you out of their system so you wouldn't be listed in it anymore.

No, I put in the letter that I was going to, but I haven't..

You should really put in that complaint with your AGs office, they do respond and pay attention to consumer complaints. I was skeptical at first myself, but I knew I would never know if I didn't complete the process. And they responded the very next day with me and with contacting the ipdls.

What should I do about him saying that I am not in the system?? Are you sure that it is Little Loan Shoppe??

All I know is that I had a loan with Xpress Cash, and they went by DMS Marketing, PD6 Ventures, Little Loan Shoppe. It could very well be another pdl company using the same name, it wouldn't surprise me.

Ok, do you know how to get the info for them. Their mailing address is in Las Vegas, NV.

Nat.... Hey girl... I am fighting with them now and I just filed a complaint with AG... DO NOT TALK TO THEM ON THE PHONE

Make them email you so that you have the documentation. They are really pissed off at me now that I quoted the law to them.

Sharon Williams told me this:

Quote:

She is about to find out how right you are! :D

You go Dixie, Now help Nat. KYSIDE38 :D

Can't seem to post, checking to see if this works

IT WORKED!

I live int NC, definitely contact the AG office 919-716-6000(I think that is the #) speak with someone in the Consumer Protection Office. Typically they will provide you with information on completing the complaint form and what you need to go with your claim. I filed complaint and I am waiting to speak to someone from there office. Unfortunately we have been playing phone tag, but they are very interested in online payday lenders

FYI:

Little Loan Shoppe is absolutely NOT DMS Marketing. Search around the forums a bit more and you will find the contact info you are looking for pertaining to "Little Loan Shoppe"

Does any one know what the law says about internet payday loans for Minnesota?

Here is a link:
http://www.paydayloaninfo.org/state_detail.cfm?id=MN