Check N GO In Trouble

The State of Washington is proposing over $300,000 in fines as well as license revocation.

Hey jj,

Aren't pdls illegal in Washington state? I am glad to see Washington taking notice and doing something to protect their people from the evil people.

not illegal, but regulated (this includes on line/internet pdl's)

At least they are regulated. I have noticed while doing research that there are some states that have absolutely no regulations. To me, that is giving free rein for the pdl industry to do whatever they wish.

So many loan companies are violating the state laws. At least, it's good to see some are facing actions quick enough than others who are continuing their misdeeds. The truth will always get uncovered. Sometimes, it only takes longer to get results.

Tammy..
I agree..I think these pdl's and the people and companies that are funding them comes from a much higher rank!
Polly sure had something here..!

Erzeke, spend some time researching one or two, Tammy and I did the other day. It'll scare you to see some of the information on them, especially some of the online lenders.

Yup!
I'm afraid that's the reason why these guys will be around a lot longer, and it will be harder to shut them down!
For instance, QuikPayday..they got sued and shut down in Colorado, but ended up reopening another internet business by finding pdl's for people instead of funding it themselves!~

actually, quik payday appears to have been even sneakier than that, starting a company called cash central.. although at leaast they get licenses where they are required to

While it's great that a big PDL is actually going down somewhere in the US, it just shows that our work is nowhere finished.
I have adopted this issue as my own and am emailing politicians in California for their positions on it. It's an election year, right? AND I VOTE!!!
I'll let my new friends on this wonderful site know what I find out. And btw, I LOVE this site and I LOVE you all!!!

JJ,

Great find here. It is frightening that these places violate so many state laws. We have to keep up the good fight though :) This forum has caused a great big stir up around the internet lenders. I've even had one follow me around the forums. Why would a legitimate business do that??? Mind boggling, isn't it?

Wow. One followed you around the forums? How did they do that? That is pretty scary. I read one thread where on person was located through myspace.

This just goes to show that these people are shady and must be stopped!! I can't think of anything good to say about them, I really can't. Would you find a company like Xerox or Federal Express following people around??? Geez! They need to go back under the rocks they crawled out from...

I think some states are starting to get wise as well. The state of washington seems to be on a tear of late

If we can continue to educate people here and write our representaties,etc., we will keep this thing alive. The more noise made about this,the more attentions it will get. No,our work isn't done,but we are making some headway and educating others about these practices...Karen

I was doing a quick search online a few days ago and saw that in NC, Check n Go, (or one of those worms), was sued in a class action lawsuit. It seems that in NC, they had to quit doing payday loans completely after 2001, or something. Anyway, this place never closed down. Now, they are GOING DOWN! Woo hoo!

North carolina has checked in too. Pdl's are illegal there. We can't even call north carolina anymore.

I think that they should make them illegal in every state..

I agree! I think the entire PDL industry should be eliminated. I don't care if some of them are operating legally or not - it all amounts to legal loan-sharking in my book. I find no useful purpose for these companies at all.

Spoke to a lady at the pa dept. of banking, she said they filed a lawsuit against advance america and checkngo, no judges decision yet. she told me that all customers are obligated to pay because they are under current contract, but to watch the pa dept. of banking web page for updates and possible reimbursement through civil litigation with these companies. She also said that the internet pdl companies follow the laws of the state they are based out of, not the customers home state. Just spoke to her on friday.

Fedup,
That's GREAT news about those two outfits. I had personal dealings with Advance America and know for a fact that they are nasty buggers, so couldn't happen to a nicer business, imho.

I think it is sad for those individuals on disability with a fixed income, I see them standing in line and paying there loan fees for advance america, this has got to be the worst. you get a $500 loan (line of credit) you pay $172 a month and only $20 comes off the principal. It takes forever. Predator lenders!

only one vicious predator in the ocean that I can think of....*shark*


*chuckle*

In California, the max they could loan is $300 and NOTHING comes off the principal. You pay those sharks forever!!!!!

I dealt with Advance America too - and had to deal with a branch manager that had some serious issues, to boot. One day she would be all nicey-nice, offering me payment arrangements, etc., which I would agree to and make my payment per their terms. A few days later, she would call me, threatening to "go legal" if I didn't get the full balance due on the loan in there, and to quote her, "I don't care if you have to beg, borrow or steal it, you'd better get that money in here". And yet a few days after that, she'd call me and be all nice again, saying her "district manager" said we could work out payment arrangements. Nasty people.

They used to do their bad cop routine with me at the end of the month, because I think that their corporate comes down on them then. The rest of the month was OK.

I will have to deal with them on 2/9, I won't have all their money,they have gotten their money off me 6x with the fees I have paid. I want to pay $100 a pay, it will take me 4 pays to pay it off, I think that is reasonable. He will give me a bunch of crap, but at this point I really don't care. I have given these idiots enough of my money, so if he can't agree to that, toooooooo bad, I will make a lower offer.

What are they gonna do that their ridiculous fees haven't already accomplished? I have been late on my mortgage and car for the last time trying to keep up with a never ending battle with them. Won't do it anymore. I know the managers lose some kind of bonus if they don't have all their accounts collected. I am not real sure how that works but one told me that one time. I guess it hits home when it is money out of their pockets, now they know how the customers feel month after month. Wonder if they would use their own product? Good question for them huh?

Just got off the phone with checkngo online, sounds as if they will just keep accepting the returned ACH until they get one to clear. This may actually give me time to save up and pay them all at once. There is a method to my madness just not sure what it is. I called langhorne, unless I have 4 or more they will not work with me. I actually have a hell of alot more than 4 but have managed to work out payment agreements with them myself. No sense in paying some one else to do it. You guys have been a great help.

How can I find out if a company is regulated in California?????

Check with the California State Regulator's website.

It all depends in which state the corporate is located. Some states like Delaware have no cap on how much interest they can charge

Any one know what the regulations are for Texas

My husband and I took a few out back when our first was born and it finally got to the point we offered to pay a certian amount per check that we couldnt afford to keep going there way andthe next day they hit our bank account thankfully empy to try to get the full amount wehn that didnt go throught the next day the hit it with 2 equal payments and continued every day for about 2 weeks when it was all said and done the bank closed the account with a neg balance of over 600 just in return fees

sakura are they in contact with you. Don't think they would just walk away from it.

actually no that was about a year ago, after about 6mths of constant calling about the money we fianlly told them unless they would accept small payments to quit calling suprisingly it worked

So did they just quit calling or did they accept the smaller payments?

I have a pdl with these yahooo's. I am in Washington State. I have had many with them. Do I still have to pay them? The excessive fees, etc should cover what I owe?

I sent letter to all of the payday loan people that are illegal. Advised all of them that I am not paying there loans and that I am sure I have already repaid them more than I owe in their excessive fees. I will let you know how they respond if they do.

I live in NC. Had a pdl over 4 yrs ago with no fax payday loan & they say I still owe them money, have a company called Hunter & Assoc investigations harrassing me at home/work & they are out of Lithonia, GA & say they are working on my behalf & I didn't hire them. They don't have a case here in NC do they?

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What about people like me who already in Debt with PDL's I even closed my bank account but I still owe PDL there calling me all the time to pay them, I dont have the funds to pay them how long can I hold them off? I know I have to pay them back but I'm trying to pay one at a time I have three. My roommate left me with all the responsibilties. Any advice?

littleEL we need some more info from you.

names of pdl's
amount borrowed from each
amount paid to,or debited by each
internet or storefront
state you are in

answer those questions,and we can more than help you here.

Oh my gosh! This is disturbing! What can we do to prevent this in the other 49 states?


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I wanted to ask you, or anyone else who reads this, has anyone attempted to get a payday loan to help fund a vacation, only to figure out that you were getting duped into paying DOUBLE what the original loan was for? I am having difficulty finding money to fund my upcoming vacation and REALLY don't want to have to get money in a way that will be harmful to my wallet in the long run.


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