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Date: Wed, 03/21/2007 - 12:07

Submitted by YELIK1
on Wed, 03/21/2007 - 12:07

Posts: 35 Credits: [Donate]

Total Replies: 21


Payday loan yes just called me and said if I don't start paying they are going to garnish my wages. What is my next step? I have already turned them over to my attorney general, sent them numerous letters. I took out a $400 loan with them and have paid $825 back. I think I am well overpaid.


See the third post by Roxette in this link.

http://www.debtconsolidationcare.com/forums/wageassign-legal.html

What state are you in? Check the roll overs allowed in your state. If the company has renewed more than the allowed number, you have a proof of their illegal business activity and adding excessive charges. This should be reported to your state AG.


lrhall41

Submitted by Howard on Wed, 03/21/2007 - 13:29

( Posts: 310 | Credits: )


I recieved a $350 loan from them and have to pay back $455. They put the loan into my savings instead of my checking, so I corrected the mistake. Payment was to be made on March 22, they tried to take it out of my savings and that costed me overdraft fees. I contacted them and told them the money was in my checking and gave them that information again. They will not take it out. Today they said I owe $590 now and have 3 payments to pay it off but are saying the only way they will accept payment is through a credit card. Is this right? What should I do?


lrhall41

Submitted by on Wed, 03/28/2007 - 15:41

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Yes they do have to abide by your state laws...Or else they should not be lending in your state...YOu have way overpaid this loan...I would contact them again and tell them again that they are doing business illegally in your state and that you demand they mark your account paid in full, file a complaint with your AG(although I think that you have) but go ahead and file again only send them a copy of their response and also print out a copy and fax it to this Karen Lamb...


lrhall41

Submitted by Leah on Tue, 04/03/2007 - 09:28

( Posts: 2322 | Credits: )


They said they don't have to abide by Michigan law, but Federal Law. I spoke to a Mr. Atkins and a Mr. Davis, who told me he just wanted the $300 he borrowed me back however I was willing to pay it. I had a first loan with them that I overpaid by about $113 -- so this second loan, is legit in the sense that I took it out -- and if all I had to pay off was $300 (which is what I borrowed and I closed my bank account before they could take out any fees) then I guess that would be OK.

What do you all think?


lrhall41

Submitted by on Tue, 04/03/2007 - 12:45

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Sarah do not pay them anything more. Don't expect a refund of the $113 either. They will harrass you they want their money but they don't want to refund anything even though they know they owe you a refund. Have you stop their ach debit at your bank?


lrhall41

Submitted by spanisheyes on Tue, 04/03/2007 - 21:20

( Posts: 313 | Credits: )


Yes, I've closed my former bank account and have opened a new one. I belong to a "small town" bank, and they have been very understanding about my situation.

But, what happens if they keep persisting and file the second loan with a debt collector? Will this reflect poorly on my Credit Report?


lrhall41

Submitted by on Wed, 04/04/2007 - 03:37

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have you made any payment at all on the second loan you took out and if so how much have you paid them?


lrhall41

Submitted by spanisheyes on Thu, 04/05/2007 - 22:14

( Posts: 313 | Credits: )