Help for PDLs in Oregon

Hi, welcome to the forums. This is the best place for you.
Get your payroll to issue you a "live" check. Open a new checking account and use the new one to pay the thing like Utilities and insurance. Send ACH withdrawal notices to all your PDLs. Bring copies of those letters to your old bank and tell the Manager that you would like your account placed on "deposit only" status.
Now if you would please tell us the state you live in, who each loan is with and the original amount and how much you have paid on each one so far? We will then be able to show you how to deal with these companies one at a time on your terms not theirs. Remember we need ALL the information. You may not owe as much as you think!

What I am trying to tell you is that you don't need to consolidate these PDLs. You need to determine how much you owe according to the laws of your state and take care of them yourself on your terms. First take control of your paycheck so you can pay your living expenses and breathe a little. Been there!

Oregon
The law at the time had no fee limits, only 3 rollovers, and the guy at the state offices said can only be 25% of your paycheck, and considering I've got more than one, then it is. These have changed as of July 1st though and are more strict.

I have
CashNetUSA: I have no more extentions, got to pay them 545 (450 loan) next payday (week of the the 16th) Paid them 361 so far.
Ameriloan: 325/75 (250 loan) paid them 150
United Cash Loans: 390/90 (300 loan) paid them 180
Authorized Payday: 390/90 (300 loan) paid them 180
Geneva Roth: 390/90 (300 loan) paid them 90

I know I have to pay them back the principal, but with Oregon law, I think I'll have to pay them for 3 rollover fees... That is still a lot, but I'd rather do it on my own time. And I'll have to deal with my bank, being so overdrawn, they aren't going to be happy, but they'll just pile on the fees and I'll pay them back eventually too.

What do I say in an ACH withdrawl notice? That they aren't allowed? To cease and desist? I want to get the wording right.....

As well I've got the AA checking on if I can get my check, or I'll have to try and open a new account and hopefully get the Direct Deposit transferred in time that this next paycheck will go in there and not in my messed up bank account. But I'm not sure how to open a new bank account with no money, unless I overdraw my self even more.

You need to get a live check. They can do it. If they say they can't talk to a supervisor. A new direct deposit can take up to two pay periods and you can't take the chance.
Fortunately you caught this early on before you were in really deep. CashNetUsa will work with you. Geneva Roth will not. The others I am not that familiar with but I did read that ameriloan can be difficult.
Send a letter, certified return receipt, telling them that you revoke your authorization for electronic bank withdrawals as allowed by Federal Law and that you wish to make other payment arrangements in accordance with the laws of Oregon. You should only pay them the interest allowed by your State. CashnetUsa is insane if they think you should pay 545.00 more. Remember that they can't have you arrested or anything like that.

There is no limit to interest in the State of Oregon before the 1st of July. Only rollovers are limited. How can I figure out how much I owe them? ameriloan, or something similar appears to be licensed in Oregon, but I don't know if that is actually them or something else with a similar name.

I'll keep checking on that check. I work for the government so it seems everything takes twice a long with 3 times the paperwork. My bank is afraid to do anything for fear that I'll overdraw even more and won't pay them back. I want it to overdraw more so that my next paycheck if I can get it to me and not to the bank I can use to pay off my other bills. I don't care if I'm overdrawn in that bank, they can just wait for their money too with all the sneaky fees they've charged me thus far.

You do not want to ignore your bank. Be up front with them and tell them you need to have your account frozen against withdrawal. If you overdraw and don't pay them they have to close your account and charge it off after 120 days by law. Then they will report you to Chex Systems and you will have problems opening an account in the future or keeping your next one open as they perform Chex sweeps occasionally. You must speak directly with the Branch Manager and no one lower. They have nothing to lose by freezing you account. He or she will probably return some of those fees. If you get nowhere call the Regional Supervisisor. This is serious!

ameriloan isn't licensed in Oregon . . . I too am from Oregon and had a loan with them.

Listen to Frogpatch's advice about talking to the bank. You need to get that account frozen, or else it will go way way in the red.

If you need any help dealing with Oregon specific issues, PM me . . . . I've been through this too here!

Thanks Goudah for your support!

I talked with the Bank. They will clear my rent check and my insurance, and that will be all. My next check will go in and my account will be back at positive and I can pay the important bills. Then I can open a new account. I also get one more check just before the first, everything I think will be okay then."

People I've talked to have been nice so far. I called to shut off my cable and they made a deal, cut my currently owed bill in half (gave me a free month). CashNetUSA I think are trying to follow the new law, my last payment isn't due until August, probably to make the rate look lower.

I'm working on my letters. I'll send them certified, and I think I'll also call them to let them know it is on the way. I also told the bank I'd send them copies as well. Here is what I have, let me know what you think...

"My name is ..., my account number is .... I am hereby revoking your authorization of any further ACH debits by your company ... from my account at ..., account number ..., as allowed by Federal Law. I wish to make other payment arrangements in accordance with the laws of Oregon."

I'll mention that they will be phoned, and a copy is being sent to my bank. But should I tell them that the account will be closed to debits? Should I tell them a complaint is being filed and they are not licensed in the state? And can I also tell them not to call and harass me or my references because I was reading about the rules for them calling. I don't really want them calling.

AND THANK YOU! I'm so glad I found this forum!

Congratulations on working with your bank so well. You are well on your way to having things under control. It is seeing people like you get pointed in the right direction that makes working this forum so nice. Keep asking all the questions and we will be here for you.

Update!

I've sent off the letters! I think I'm going to email them as well as call them, make sure there are 3 different ways to communicate with them. Especially since I've read a few things about Geneva Roth just recently that sound scary! So I have to keep in touch with them.

Got a few other bills taken care off, talked to them and they are working out payment schedules. I'm so glad there are people who are easy to deal with. I have this fear that they'll be rude and not want to work with me, but so far so good. Of course I haven't called the payday folks yet.....

Talked to the bank. When my paycheck goes through they'll close the account and send me the money. I asked if they let things go through after being closed, they said only if I use my card....

And the last bit is a bit of IRONY: I signed my letters with a pen from Money Tree.....

Sounds like you are off to a great start! Keep us updated on your progress! :D

You know, this may sounds a bit wierd, but I've been kinda worried about people in Oregon with lots of payday loans. Most people are so used to just rolling them over, but with the new laws they can't, plus they can't reloan for 7 days. It's great that the laws are tougher, but those caught in the trap currently probably had a whole lot of bounced checks or nsf fees as each company took the whole amount out . . . . :twisted:

My Cousin who had a storefront loan, had to pay hers off when she was expecting a roll over. She didn't really have the money right then, I didn't hear how she dealt with it though.... She is how I found out that laws had changed....

I can see how the new laws can put people in a tough spot if they were depending on being able to roll over the loans......

Update Again!

So I sent the letters. I just emailed them all today too just in case and will be calling them this week if they don't call me first.

I opened a new bank account. I'm not putting any of those numbers over the internet ever again.... Call me paranoid but I'm using cash and money orders, which with my new account I get free money orders (because I have direct deposit), in fact I didn't even order checks. As a bonus my SS# has been reported to the Chex system or whatever it is, from some person in Indiana with a bank whose main office is in Ohio. The name is way different (my name is unique anyways), and I've never been to Ohio, so the lady opened the account. We are thinking the number got transposed just for the account because there are no other strange things from the midwest on my credit report.

Closed the other bank account. They said they only reopen the account for things already paid, like checks or using my debit card. Well since B lost hers and I reported it, when I tried to use mine the ATM took it so definitely haven't used that at all. I did have to call the bank and remind them to close it though. One of the payday loans tried to come through twice, as well as my insurance again within a matter of minutes and I ended up with an insufficient funds fee, that was $25 I could have used.

My main problem with the payday loans was they always came through an hour before my paycheck and my bank would 'hold' them to wait for my paycheck, but then they charge the same fee for holding it as it would to let it go through and charge me an overdraft fee, only the way they do it, on my online banking it looks kosher but I still get a charge. I'd rather they overdrafted me so then I can see why they charge me. They did this too me many times, I don't even want to figure out how much I've paid them, because I might have been able to survive it if not for those. Glad to be rid of them. My new bank seems nice, I even got a free gift, a BBQ utensil/etc kit, which I'm giving to my Dad (my Bro gave him a new BBQ for Dads Day), especially since he just sent me a good chunk of money to bail me out again.

Good to hear you are off to a good start! Keep us updated on yoru progress . . . .

You are lucky the bank still opened you an account - Most wouldn't. You should probably dispute that item on your chex report and get that cleared up.

You may also want to contact Charles Donald at the OR Dept of Banking. He can be super helpful. He even called one of my pdl's that was being difficult and had a "talk" with them on my behalf!

Yes, the nice teller lady gave me a form with the contact info (the letter they give for denials) to figure it out. I think being in a small town and having reputable employment... and looking honest because I am honest, I was lucky to have my bank account opened.

I haven't checked with Mr. Donald or very many other resources yet. I do keep getting calls from Debt Consolidators and Counsellors who cannot help me because I merely have payday loans.

~.~.~.~

And in other news, I finally figured out who what why when and where I got that USA Credit Charge on my bank account over 1 month ago. When B saw the charges she figured it was something I had done, such as another payday loan. I had even thought that for a while, but when I got on here and began to look around and what was going where I researched it. I found a Rip Off Report about it. I thought it was something that I had accidently clicked on while getting a payday loan.

So I get the mail today, and there is a good sized envelope addressed to B. It is a card and I see USA Credit. AH HA! Wasn't my fault! (Like we both automatically assumed it was...) So we call. They of course want to know why she wants to cancel a 7500 credit limit that reports to credit bureaus. We say we don't remember ordering their service, they say they talked to B over the house phone. B never answers that phone so I'm not sure how that happened. I think they were blowing smoke. They kept trying to offer things in exchange for keeping the card. Two nights hotel, or we'll even give you $25 back, just keep it open, it will improve your credit!

No thanks, just give us our money (minus $10 of course, because no one wants to give you a full refund). That bank account is now closed though, so it will be sent to the bank, bounced back and then they'll send a check.

I used up my whole lunch hour dealing with it. It wasn't fun. But we are getting most of it back (we certainly can use that $80)... And it is taken care of now. As a bonus, it wasn't my fault.

So far no calls or emails. Just got a call about a late payment on my car. I just gave my new check numbers over the phone which I didn't want to do. I felt I had to though, as I don't think I'd remember to get the payment sent out and they'd come and take my car. Then I've got rent to pay and my paycheck is pretty much gone, not sure what to do about my other bills because they all want their money at the first of the month as well.....

Got my blog up and running though and added a community photo in the forum. So at least that is fun.

Mods, can you change my title, I don't think it really applies because we never really got into debt consolidation companies. Change it to something like Help PDLs in Oregon. Or whatever...

Update

I'm screwed. I'm having panic attacks again. I can't concentrate at work. Every time I turn around I've done screwed myself again. I'd like to blame something else this time but I can't. I feel like it is all my fault and I'm drowning.

I've got my insurance due on the 2nd. My bank account is short $30 for my rent. I'm supposed to get $90 reimbursement from work and $80 check from USA Credit, which I was lucky enough to cancel in time. But I don't know if they are going to make it here in time. Can't be without car insurance. If it does come in time then that will be okay but either way I can't pay my cell phone and it gets shut off, since it is my only line of communication, my parents are going to call and they are going to be mad.

I've got Cash Call and Prosper that need to be paid. I called CC and they couldn't help me, they are going to wait until their payment is returned from my closed bank account charge me 30 and then call and harrass me to pay them. Then I can make a payment arrangement. I emailed my group leader at prosper to see what I can do to not screw up the groups good standing. I'm late on everything and when I do pay them all to be caught up, I'll still owe them for august and by then I'll have no money left, so I'll be continually behind a month, only sending payments when they send disconnect notices or otherwise call and harrass me. I don't think I can take much more of this, I don't think I can last much longer. I can't even think about what I owe the PDLs...

Thanks Mods!

Okay Langhorne sent me an email to my junkbox, I happened to click on it to see what it was. So I followed the link and signed up. They called me at 7:30 this morning.... I was still asleep. They'll call back later. I know I've done most of the stuff they'll tell me to do, but I'd rather not worry about taking care of it myself. I would rather have them make sure the pdls have letters and if they call me I can tell them to call Langhorne. I'm willing to pay a fee to someone who will do that for me, than pay extra to pdls or have to deal with phone calls and stressing myself. I'll let you know how that goes after I talk with them.

I feel a little better. Called the landlady to let her know we'd be late with rent (and will include the late fee when I get paid next). That means I have money to keep my phone, and can pay on the electric. I'm feeling a little better and things are looking up. That is until I have another panic attack, but I'll try not to worry about it until it comes.

Things may be tough now, but at least you are working towards getting everything under control! Imagine if this was a couple months ago, and the panic you would've felt then!

Things take time. You will get there. And having a company do the dirty work for you can be a big relief. Langhorn knows their stuff when it comes to internet pdl's, as the guy that runs it used to be a lawyer that advised the pdl's!

That is good to know, he switched back to the good side! They called when I was driving and I haven't called the back yet. I really should get on that. I wonder though how much their fee is going to be.... Not sure if I can afford that right now.

From my understanding they charge a percentage of your pdl's . . . . And then you save a certain amount each month until there is enough in the account to start settling with the pdl's. He then negotiates with them. I think if I remember correctly his fee is 25% of what you end up paying to the pdl's . . . . But don't quote me on that, I'm just going off memory and that may not be correct.

Eek. I may have to do this on my own for now.... I know I can't afford that at the moment....

I don't think it's upfront - You save a certain amount every month and a percentage of that goes towards the fees . . . . . If I'm even correct in the first place. Please talk to them, don't take my word. I am just going by memory, and it absolutly could be wrong!

Okay thanks. I had a small panic attack there. I should probably call them soon they're on the East....

Oh, yeah! Since it's Friday they may be closed . . . It's five there!

listen to goudah and frog i have learned alot. im also from oregon cashnet cannnot charge you the full amout they can only chargeyou what you loaned out but check with goudah with the new laws.

I know Goudah knows a lot. I thought CashNet was licensed, I'm not sure how the rules work with them. But the other 4 I have don't have a leg to stand on, and I won't give them any more than I borrowed.

THE CALLS HAVE STARTED!

I had Geneva Roth call me... They left a message because I was out in the field all week. They didn't say who they are just gave me a reference number and to call them back immediately before they take action. Left me the number. Guess what I got when I googled it... a DCC post about geneva roth. Oh no.

Just got back I haven't even checked my email to see what the lady at Langhorne will say. Will keep everyone updated though....

Cash Net USA is licensed in Oregon, and if they are not following the new laws, you need to file a complaint. I can PM you the name of the guy at the banking dept that handles these. As soon as Cash Net USA knows you have done this they will cave in.

Even though I got the loan before the new laws came into effect? They did 'extend' my final loan repayment after the new law, I think to make their rate or fees or whatever appear to be smaller by spreading it out. They haven't called me yet... They are going to try to take out the money on the 15th.

I did get an email from Langhorne... wanting to know if they were internet or storefront. So I emailed her back with more details. I'll be giving them a call today. Then I'll have to call CashCall and Prosper to make an arrangement. My check on the 13th is already gone, and then two weeks after that, that check will need to go to rent so I'm not late again. It is just strapped way to tight!

I know how you feel . . . .

The new laws would only come into play if the loan was extended after July 1. If you renewed or rolled over the loan after July 1 then they must comply with the new laws. There was another case of an Oregonian here with a loan from Cash Net USA and they weren't following the new laws. He got my contact involved at the OR DFI and immediatly Cash Net USA caved and made him only pay back principle.

Did you pay a rollover fee after July 1? Or did they just offer to extend your payment out as a "courtesy"?

I paid a rollover fee on July 3rd and then suddenly my new due date was August 15th.....

It was my final renewal anyway, the 3rd one I believe, which is 1 more than the new law. Plus this was my second or third loan with them, and I probably overpaid all those times, as usually the case. I'm just not sure I have enough knowledge or more important confidence to convince them that $361 already paid on a $450 loan is good considering my past loans....

If you renewed on July 3 then they would be subject to the new laws. You need to file a complaint.

Technically, you wouldnt' have overpaid since the old laws had no limits on interest.

I'm going to lunch now so I will post more info later.

Pokogeo - Read this thread - It's the one about the other Oregonian dealing with Cash Net USA with the law change.

http://www.debtconsolidationcare.com/paydayloan/pdl-cashnetusa.html

Thanks, as always you are very helpful. I'll check out that link. I was reading over on another post in PA that CashNetUSA is trouble and hard to work with. I think I should call in Lanhorne for that.... I can't stand the thought of being called 6 times a day on my cell and at work!

Right, but with Oregon's new laws it specifically says that internet companies must follow OR law. I bet you that once you file the complaint with the guy I mention in the thread above, Charles Donald, that cash net usa will cave immediatly.

The one thing with Cash Net USA is that they strive to follow all state laws. Once you call them on their "mistake" they will be much easier to work with. In PA the law is not clear. OR law is very clear now.

Right, makes sense, so glad to have your knowledge around here! So what I understand from the other thread is that I won't have as much to pay them back because the interest rate is lower? And they'll be willing if I mention that I talked to Mr Donald.

Update: So Cash Call finally calls me right, and I tell them I can't pay. Well the girl finally asks me the right question as to why I can't pay them. I got trapped in a payday loan cycle to pay for medical emergencies. I was crying... Like I do whenever I think about how sick my girlfriend was. She was very understanding and if I got my balance current she would apply for deferment and if that won't work then the moderated schedule with reduced interest rate and thus reduced monthly payments.

The problem is getting her the money through MoneyGram, I can only get it through the bank which is only open from 9-5, and Monday I'm going out to the field working from 7 til whenever, which is often later than 5. And in fact getting it done between 2-3 is better the lady said. So what do I do? If I get my check early I can't go send it early, I certainly can't do it before work, and I feel bad skipping out on the field just to pay this... But I might have to. The other option is to send it western union, which I think I can get to on the weekend, only it costs 2x as much. Plus I think I'd have to call back and get the information, or maybe I can find it online....

Which my internet will be shut off soon. I was supposed to pay that bill today but I can't. I shouldn't be wasting my money on it anyway. B told me not to get it but I wanted it and we wanted to make money doing ebay but instead we fell victim to one too many online scams as well as having access to online payday loans.

But atleast I won't have to worry about Cash Call until B starts working, and I can concentrate on this other stuff. I guess I need to start calling and complaining so that the IPDLs can be stopped.

That's great that cash call is working with you! They can be very difficult to say the least . . .

As far as Cash Net USA goes, call Charles Donald and file a complaint against them too. Since this company is legally licensed in Oregon they can be fined or their lending license yanked. And yes, you won't have to pay them back nearly so much. The other guy that called them on it only had to pay back principle. Can't say for sure they will do the same for you, but the difference between prinicple and payment in full isn't much with the new laws . . . .

But since I can't pay them back right away, will they still be willing to work with me?

I would say that since you have them by the balls right now, you have a good chance of getting them to work with you.

I would call them up today and tell them that per OR new laws they are overcharging you. See what they say. Tell them when you can pay and what you will be paying. Just be firm with them. Since they are a legally licensed company, complaints are a big deal to them. They don't want them. They could lose their license.

Update!

Geneva Roth called me again, while I was on the phone with Lanhorne but I'll get to that in a minute. I just checked my email with the subject "please call me i have tried several time to reach you with no success". Note how they don't even bother with capitilazation, and the letter inside was standard. The email address was not even close to the same name as the person who 'typed' the email, and the domain name is smithhaynes.com, which when you pull that up is only a logo with a clickable mailto... I must check out Smith Haynes and Watson LLC on dcc here....



I do finally get a name and address: Geneva Roth Ventures, P.O.Box 148, Shawnee Mission Ks 66201

Should I email back attaching a letter that I had sent to them? And repeating everything in the attachment including that they are not to call me and they are not licensed. I think I might.... Plus the BBB has one complaint on each - two different 'companies'... ie one is capitalized and one is not and neither say LLC.

So I guess I need to get my ducks in a row. I talked with Lanhorne and once I can get 264 to put into a savings account then its good. But total I'd put about 2,000 into it over the year, and then pay them all off. But the bonus is that they will be done, none of that, "well you didn't pay us" or selling the debt to someone else after it has already been paid, that people seem to be going through. None of that suddenly getting calls again after you had already paid them. None of that currently getting phone calls all the time until I pay them. None of that you now owe us $2000 for a $300 loan. The problem is I don't have 264... And I won't until October, by then I suspect this will be a big mess.

The other option is paying them the remainder of the principal. Which is $740 on the unregistered ones, and with cashnet, hopefully not more than $450 more. But I won't pay them for a while and they'll keep harrassing me apparently even after I pay them.

So I guess I have another question. I know I need to call Mr. Donald, and I'm also supposed to file a complaint somewhere... I need to check into that. I guess I need an itemized list of what I need to do because I can't keep everything in my head straight...

I'll keep you updated.

Okay, first, I think you can do this yourself and save some money. It will take some energy and work from you, but it can be done. We can help.

You can file the complaint with Charles Donald. He is the Supervising Examinor for the Oregon Dept of Banking. He is the guy in charge of regualting pdl's in Oregon. Talk to him and no one else. He is the most helpful person. He even called a difficult pdl for me! He was great. You can also file the complaint online at the OR banking dept website. I just did mine over the phone with Mr Donald.

Anyways, You can save quite a bit of money doing it yourself. You will have to deal with the calls, which is a downside, but you will be prepared.

It's totally your call. It's not a decision we can make for you. Another option is to fight these guys for the next couple months, and if you are still having a lot of problems with them then you can go with Langhorn in Oct.

I'm submitting a complaint online. Will I be called by them to further discuss the complaint? And I will have to file one for each company. Or at least for Geneva Roth and CashNet, just to get those taken care of first. I had already emailed Charles Donald, and he responded to me about the change in law. Told me to file a complaint. I think I will for GR and Cashnet. Then I will respond to GR via email stating that I have filed a complaint and I will only pay them the principal back, which is 210, and call CashNet since they'll be trying to take out that money on Wednesday. Okay so I have a mission... I think I can do this.

I know you can do this!

It depends if you will be called or not. When I first did my complaint online, i didn't get called. Then I called and got Charles Donald. He called me back several times to get more information and give me updates. I would just shoot him and email after you file the complaints saying that you did and if he needs anymore information how to contact you.