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northcash/ northstar financellc loan

Date: Mon, 01/28/2013 - 10:37
Submitted by on Mon, 01/28/2013 - 10:37
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In california my husband took out a loan online with northcash for 500.00 to date we have paid 360.00...i am wondering if anyone knows if this company is liscenced in california as i have looked it up on ca dept of corp and cant find it...I too have been caught in the payday loan trap and am almost out but need info on this last lender...from what i have they are in montana and may be on a reservation...I am unable to close my bank account but am hoping i can revoke my ach and let them know i have paid 360.00 towards my 500.00 and that I will send them the other 140.00 and nothing more but am unsure if my bank will back me should they still debit my account...any info on this company will help


This is an illegal payday loan company. So, you should revoke the ACH authorization. You only have to pay the principal amount. There is no need to pay anything else.

The illegal payday loan company will tell you lots of stories. They'll make lots of threats too. Don't get worried. Rather check out the following link to beat them at their own game:

http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html


Submitted by ditchdebt on Mon, 01/28/2013 - 20:42

ditchdebt

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You will need to revoke ACH in writing. Send a copy to your bank and the other to NorthCash. Your bank will have to comply since it is Federal law. Revoking ACH would effectively stop them from debiting your account. If you want to add an extra layer of security, you can put your account on 'Deposit Only' status. When you are repaying the rest $140, make sure to do so only using a prepaid debit card or a money order.


Submitted by Steve Barris on Mon, 01/28/2013 - 20:10

Steve Barris

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