I am Scared. I have 10 internet loans due to a separation
Date: Tue, 10/31/2006 - 13:00
Welcome poohmolly! I'm from OH also, and I've been right where y
Welcome poohmolly! I'm from OH also, and I've been right where you are at! The only internet pdl licensed in OH is CashNet.Which companies are you dealing with and how long have you been paying on them? If you have been rolling them over, OH doesn't allow roll-overs. You need to go online to the OH AGs website and file a complaint online against each of these internet pdls. And if you signed a voluntary wage assignment in your contract, revoke it immediately to be on the safe side. OH doesn't allow voluntary wage assignments, only if they are by court order only
They can't garnish your wages. Send them a letter revoking your
They can't garnish your wages. Send them a letter revoking your voluntary wage assignment, if in fact they use those.
How much was the loan for, and how much have you paid in refinance fees so far? Here are the OH laws...
Quote:
Ohio State Information Legal Status: Legal (Applies to check cashers only) Citation: Ohio Rev. Code Ann. ???????? 1315.35 et seq. Loan Terms: Maximum Loan Amount: $800 Loan Term: Max: 6 months Maximum Finance Rate and Fees: $10/$100 + 5% per month Finance Charge for 14-day $100 loan: $15 apr for 14-day $100 loan: 390% Debt Limits: Maximum Number of Outstanding Loans at One Time: One Rollovers Permitted: None (cannot refinance) Cooling-off Period: Repayment Plan: Collection Limits: Collection Fees: Bank charges (if disclosed); $20 collection charge; Court Costs; damages Criminal Action: Not Specified Where to Complain, Get Information: Regulator: Ohio Division of Financial Institutions Address: 77 South High Street, 21st Floor Columbus, OH 43215 Phone: (614) 728-8400 Fax: Regulatory Contact: Robert M. Grieser,, Deputy Superintendent for Consumer Finance http://www.com.state.oh.us/dfi/ |
Criminal action for defaulting on a pdl storefront or internet i
Criminal action for defaulting on a pdl storefront or internet is prohibited. OH only allows for licensed pdls to get civil judgement only. I noticed the criminal action was stated as unspecified. So if they call and tell you that they are filing fraud charges or having you arrested, this is a lie. If you go online to the AG's office and do the complaints they get them immediately and forward them to the Dept. of Commerce, Division of Financial Institutions. They are putting together a file of all the internet pdl complaints.
You have done the right thing by closing your checking account,
You have done the right thing by closing your checking account, because GFSIL will definitely do the unauthorized debits if not done yet.
Check the other lenders if they are licensed in your state. If they are not listed with the Ohio Division of Financial Institutions, you have to file your complaints for doing illegal business in your state. In that situation, the lenders will be willing to work with your arrangements.
Poohmolly, you have come to the right place for information and
Poohmolly, you have come to the right place for information and support, sounds like you are on the right track, however, ignoring the phone calls will not make it go away. Try to work with the lenders for a payment plan that will work for you, hopefully they will be accomodating.
Getting things under control
Here are those I have borrowed from:
Ameriloan: $300 and have paid back $410 over 8 weeks
GFSIL: $200 and have paid back $395 over 10 weeks
VC Funding: $300 and have paid back $270 over 6 weeks
ASAP : $300 and have paid back $45o over 10 weeks
FastCash: $400 and have paid back $700 over 14 weeks
Northway (Cash Transfer Centers): $600 it did not roll I just have to pay them because I closed my account
Eastside Lending: $200 have not paid them anything yet because I closed my account
Net Cash USA: $500 have not paid them yet because I closed my account
How do I send them the wage thing? Most of them I only have a phone number for. The same goes for the Attorney General's letter.
Poohmolly, did you file your AG complaint on line? If you did yo
Poohmolly, did you file your AG complaint on line? If you did you get a confirmation e-mail with phone numbers and fax numbers to send your paperwork that you have as your evidence. It looks like you have paid ameriloan, GFSIL, AASAP, FastCash back by OH pdl laws, definately demand they mark your account paid in full in your settlement letter, and state this is the only resolution to the matter in your complaint with the AG's office, the complaints are building here against Ameriloan, VCfunding and ASAP. Try calling the companies and request a fax number, and if they refuse let the AGs office know because they may be able to get it out of them. The AGs office does follow up on your complaints to each company and demands a response, they will also forward your complaints to the Division of Financial Institutions.
You should only owe VC Funding about $75 by OH law.
I would contact your bank. Tell them that the deposit wasn't yo
I would contact your bank. Tell them that the deposit wasn't yours and you want it reversed. The bank should also be able to provide you with contact info for the company.
When you contact your bank to tell them the deposit wasn't yours
When you contact your bank to tell them the deposit wasn't yours, be sure to convey that since you are unaware of who this company is and where the money came from you DO NOT AUTHORIZE any debits from your account to that company. Hopefully your bank can put a stop on any debits from that company.