Need some direction with my 8 online loans. Please!!

The issue with blocking the companies is that if they change their name or amount of debit, they can still get through as most blocks are explicitly set to block exactly the name and $ that the bank enters into the system. The best solution is to switch accounts, but, only after you check state laws and make sure everything is legal. Also, you need to send letters to these companies, fax, email and certify mail them to the physical address for backup that you notified them BEFORE the debits were due to be withdrawn that you REVOKE their right to debit your account.

Wow looks like most of these have been overpaid! Welcome to the forums and i'm sure someone will come along to help u with this... u may consider doing it urself since they're all internet loans and most look to already be paid off... ull have to check ur state laws on what's accepted.
U can pm Sassnlucy or gouah2424 with any questions as both are very knowledgable in pdl's.
Good Luck and let us know how it goes for ya,
Ang

Wow looks like most of these have been overpaid! Welcome to the forums and i'm sure someone will come along to help u with this... u may consider doing it urself since they're all internet loans and most look to already be paid off... ull have to check ur state laws on what's accepted.
U can pm Sassnlucy or gouah2424 with any questions as both are very knowledgable in pdl's.
Good Luck and let us know how it goes for ya,
Ang

Welcome to the Community :D Here is a link to Indiana state laws regarding pdls at http://www.paydayloaninfo.org/state_detail.cfm?id=IN Also check out Pollys blog, she has come a long way with the pdls, and has info and template letters. Good Luck!..Karen

Please read this thread about closing your bank account: http://www.debtconsolidationcare.com/paydayloan/close-account.html

That is the first thing that you need to do to get these places out of your wallet and take back control of your finances. You have well overpaid most of these loans. The only one I know off the top of my head that is legal is CashnetUSA. They are licensed in all the states they loan in and work like a storefront. You will need to make contact with them after you close your account and make payment arrangements with them to pay off the balance. I am sure BIG, Geneva Roth, and US Fast Cash are not licensed in your state but I'm not familiar with the others. Maybe someone else can help me out on that? You are only responsible to pay back the principle and legal interest for your state so I would say you are done with most all of these. T and C will consolidate the loans for you and then make them weekly payments but I think that you have so overpaid these that it will not be necessary to hire them!!!! It will just take a little work and a thick skin for a couple weeks while these places try to bully you but I rally think you can do this on your own. However we will be happy to give you info for T and C if you would like it. :)

We can work with you here, if you choose to. You have overpaid these people. EDESC is a d/b/a. I can not remember which pdl for though. It jumped out at me because that is one of the debits I had coming out of my account. I just can not remember which pdl name it was. But it is a d/b/a for someone! And I know my pdl's were not licensed - so they probably are not & you paid them a lot! ameriloan and US Fast Cash are MTE Financial - illegal. Big is totally illegal, as sassnlucy stated. Whitesands is the name for It's My Pay Day (maybe others)- not licensed. You must decide what is best for you regarding how to deal with this situation with the pdl's. You can do it on your own, especially since maybe ALL of them are illegal. We've named most of them already as illegally lending. Plus the fact that you've overpaid them. We can help you if you want to do it on your own. But, as sassnlucy stated, it is work and it takes time and it's stressful - but that's what we're all here for. We can help. However, if you don't have the time or the energy or want the undue stress of it all, then by all means try to work with a company. But I must say, you've overpaid. Personally (and this is just ME and MY opinion) I wouldn't pay a company to pay these people any more money since you've overpaid and they're not operating legally. However, that is just me. Me alone. You know you're situation and what is best for you. Whatever you decide will be the right answer. But, if you choose to tackle it yourself, we are here and there are many, many others who can help you through it. But let me repeat, the choice is yours. Whatever fits your situation.

Thanks everyone for the great advice and the links.
I certainly have a few calls I need to make on Monday.

This forum is very helpful. I have found out alot in the last week.

I've already set up a new Checking account and I'm about close our old account.

I may try and do this on my own perhaps.
So it sounds like Cashnet may be the only full legit one. With the ones that are not licensed in my state do I only owe the principal on those, or the principal and the maximum state allowable interest or nothing?

I think only US Fast Cash is the only one other than the legit Cashnet that I have not paid at least the full balance of the loan.

I know I just can't just call them and tell them to stop though. Do I need to send them a letter via certified mail like some suggested or is there another way to begin the process for them to cease and desist and admit they have been paid in full if not well over at least for some.

I'm only upset that I did not find this forum sooner!

Thanks again.

If any of these companies are not licensed in your state, you legally do not have to pay them a dime, however, if you over paid, they legally must pay you back the amount over. Check with the FTC, Federal Trade Commission and your Attorney General's Office to inform them of the money that you over paid.

Yes it looks like if u work on this on ur own, although as someone stated it DOES take time, that u may in for a refund from some of these companies! I wish u the best of luck in ur fight!
Ang

Contact the two entities that I mentioned above, and the refund will be swift.

First off, deal with CashNetUSA, as they are the only licensed one. You are in Indiana. I can guarantee the others are not licensed in your state. Set them to the side. Concentrate on the licensed one. Whatever you have to do to make payment arrangement with them. I've read some good things and some bad things about them, but since they're legal, you've got to pay them. As for Anthony's advice (and I do so love him!) if they are not licensed to lend in your state, they are doing business illegally. However, there is another forum member who is in Indiana. And we've gotten confused regarding her DFI (Department of Financial Institutions). We can't quite figure out what he was saying. However, my suggestion is to just to deal with CashNetUSA and your bank account right now. Do not even worry about the stupid MTE one. Honey, I can bet you now you've overpaid them even if you've only made one friggin payment! They are so evil. I really believe you can tackle this on your own. However, do as Anthony stated. File your complaints with the BBB, the FTC, the state AG and the DFI, if you want. But file them. You can send letters to these people stating your laws/their illegal lending/revoking debit authorization/revoking any wage assignments/etc. We can help you with that. You let us know what you decide.

One thing you should be careful of - And this only applies to a few states - Some states do not requre a company to be licensed in their state. They are allowed to lend under another state's license. So please check with your state's dept of financial inst before you decide to not pay a company a dime just because you can't find a license . . . . You could be causing yourself more trouble.

However, if the company isn't licnesed ANYWHERE - Then they are operating 100% illegally and then legally you could not pay them, although I personally think you should pay back the principle you borrowed, just so you aren't on the same level as those pdl company thieves.

Also, these internet payday loan companies find little loopholes in laws that allow them to rip off consumers - What they are doing is 100% illegal in a few places, but for most areas it's very gray. I personally do not think this is right, and would never use a technicality to get out of paying what I borrowed. I don't think that it's right to go and screw them because they are screwing others. That makes you the same as them. Pay back principle, not a dime more, but by not paying them back at all gives them the ammo they need to go to state capitol's and say that they have to charge such high interest rates, because the loans are so "risky" because all these people won't even pay them back. In the end it almost helps them out!

Refunds can be very hard to get . . . . Most of the people that over pay end up eating it. Occasionally you can get a refund, but to say it's swift is decieving. Sometimes it can be fast, but other's have had to work very hard for long months to get what was owed to them. Just contacting your AG's office and the FTC doesn't always do much, especially when the laws of your state aren't exactly consumer friendly.

Goudah is right...I have always felt that refunds were icing on the cake...getting the pif is more important. Indiana laws are a little vague but they are trying to adjust that. As it stands now it was always intended that a pdl should be licensed but not stipulated as such anywhere. They passed a new law as of 07/01/07 that states if a lender lends to 25 times in a calendar year they must be licensed by the state of Indiana or the loans are null and void. This however doesn't do much for those of us with previous loans I have learned. I had 10 ipdls..I have 2 pif's and 1 that has offered me a new loan (DUH) and has not tried to collect since my cease and desist letter...in my mind that is another pif. File with the AG,DFI and BBB...as I have done..and then send your letters and follow up. If enough of us follow that senerio, the authorities will have to pay attention and we will get more help.

I see since this morning some of this was just touched on.. but I am updating what I have so far.

Thanks again , I called the IN Dept of Financial Instituitons And from what I was told none of these including CashNet USA are actually licensed.

Now the company from what he told me has to either be licensed in the state or obersve that state's lending laws.

As mentioned elsewhere, he indicated if these non legit companies give you a loan after 7-1-07 According to IN law the contract is null and void, and yes that applies to internet loans.

Although he instructed me that it would probably be best to go ahead and pay the only two that I had yet to pay the actual balance and allowable interest, instead fo trying to fight them in court.

I already called the Attorney General's office and I am faxing in the information on all of these, and they will be sending out a notice of complaint and stop any collection effort.

I'm on my way, thanks to alot of helpful info on this forum Thank you !!

Great! Sounds like you are well on your way to being out of this mess!

I agree with him that it's best to just pay what you owe and be done with them. Good luck, and keep us updated on your progress!

Congrats MBI! And thanks for posting what you heard from the Indiana DFI. I too am here and there are not many of us. The law has been a little hard to understand...but every time we post it gets a little clearer!!

Good job!!!

By the way for those who where wondering.
whom EDESC is part of,it owned by Advanced Business Services, LLC. It's site is dollarquick.com.
Also know as Cash Borrower as well..

I did go back and see what I wrote down on my spreadhsheet and sure enough, two different numbers form the one that shows up on my statement 866-735-6855 have been provided to reach them and then changed.

1866-348-6200, and 1-866-702-7484 both relate back to
NETCASHUSA, of which I have another loan with already.

Just an FYI. I'll keep you updated.

Cannr
Is payday2go and whitesand the same place

mbi - That's right! EDESA is Cash Borrower! Oh, and they are ones I am still fighting with! Nasty, nasty, nasty people. Had to file all kinds of complaints against them! Thanks for refreshing my memory!
hzan - Whitesand Ventures LLC is It's My Pay Day, that I know of. However, I would not be surprised if PayDay2Go might be them. I'm not sure about that one.
Anyone know about PayDay2Go???

edesc is instant loans now. i am trying to work with them as we speak.

No way! :x These guys are Instant Loans Now also? That's one pld, that after I sent all letters/filed all complaints, I've NEVER heard a word from. Wonder if it's because the two are connected? If they are Cash Borrower, as well, that might explain it. I'm at war with Cash Borrower and never heard a word from Instant Loans Now. One in the same???? Holy crap. This is the first I heard that EDESA is Instant Loans Now also.

I just want to get in contact with EDESC, I don't know the actual name of the company, they ripped me off. I was willing to pay the huge fees and they still took way to much money out. The number on my statement says that the number has changed, and the number I call says leave a message and they never call back. Anyone know a number to EDESC or what thier name is. The message says cash borrowers vip services, but that isn't rite. nothing online under those names. Please email me if you can [email]seacer_water@yahoo.com[/email] Thank you ,

cannr
I dont know why my posts have not gone thru
thanks for the info on white sand and itsmypayday
Either way, i closed my accounts so no debits can go thru
Janet

guest - Do you know who your pdl was with? Cash Borrower? Instant Loan Today? Dollar Quick? I had the same experience while trying to call. You get a big run around. Different phone numbers, different names....etc. Just drove me nuts.
janet - Good! As long as your account is closed (and please, God, let it STAY closed!) and no pdl debits can hit anymore, you're going to be in good shape. Your paycheck is yours. You'll be amazed at being able to pay your bills again!

I made sure my bank would not reopen a closed account for ach debits, and they gave me a paper that had their policies on it. They definately do not reopen closed accounts for any reason

kash - Good going! Some banks are NASTY. They won't cooperate with their own customers. It's kind of sad. You're working with a good bank and I'm glad to hear that! You'll be safe now from pdl debits. A step in the right direction!! :D

Cannr
Its me again Kash or janet what ever you want to call me. Yes i am very lucky to be safe from these thieves. My money is now my own, and mty bill are being paid. I no loner have sleepless nights worrying
about all of this insanity. It was so bad for a while i would wake up ( if i was able to sleep) and check my account on line in the middle of the night. All I could concentrate on was where the money to live on would be coming from. I was always crying and in panic mode. Actually had to see a dr. for meds to help the panic attacks that were taking over my life
This forum and all you great people are so wonderful. finding this site was a gift

janet, you are not alone. I think each one of us has experienced the panic, the depression, the sleepless nights. I, too, was up in the middle of the night checking my bank account. Sad. You're on your way to recovery now. Believe me, it gets better. You're already on the right track now. You won't be taken advantage any more and you will have money to pay your bills again. You post as much as you like and we will help you however we can.

Yeah, as Cannr said most all of us have been there . . . . We know how it feels.

Keep us updated on your progress, and ask any questions you want. If one of us doesn't know the answer someone else will, or we can figure out how to get the answer for you!

is it true, that if these companies are not legal in your state you do not have to pay them anything

I am having the same problem with cashborrower... i borrowed three hundred dollars and they have taken out the money and i have paid in full and yesterday they took out an extra 350. What should i do? What are the first steps... i can't get a hold of anyone on the phone... any help would be appreciated.

Sorry,
I should have read the whole blog before I wrote

I live in Virginia.
I borrowed through Cash Borrower I
I borrowed 300 dollars and was to pay an additional 90 fee
I have since paid back 645 dollars to a company that is deducting from my account with the initials edesc

Let me know if you need anymore info

thanks

Cash Borrower is BAD. I also have them on my pdl list. You need to prevent them from debiting your account any further. Have you taken any steps towards closing your bank account or at least blocking debits on your account? This is your first step. My experience with them is that I overpaid, blocked my bank account so they could not get any more money, sent my letters in to them demanding a refund, filed all complaints with all agencies and I have never heard a word from Cash Borrower again. They did not respond to the BBB (surprise!) and now it's in the hands of my state AG. I don't expect to see a refund, honestly. But you need to get that bank account taken care of ASAP so they can not debit any more. Please post if you have any questions!

So deose anyone have a number for cash borrowers or, edesc? ________________________________________________I just want to get in contact with EDESC, I don't know the actual name of the company, they ripped me off. I was willing to pay the huge fees and they still took way to much money out. The number on my statement says that the number has changed, and the number I call says leave a message and they never call back. Anyone know a number to EDESC or what thier name is. The message says cash borrowers vip services, but that isn't rite. nothing online under those names. Please email me if you can email address removed for your protection - Goudah Thank you ,

SO no one knows who edesc is or how to get a hold of them? I just want to get in contact with EDESC, I don't know the actual name of the company, they ripped me off. I was willing to pay the huge fees and they still took way to much money out. The number on my statement says that the number has changed, and the number I call says leave a message and they never call back. Anyone know a number to EDESC or what thier name is. The message says cash borrowers vip services, but that isn't rite. nothing online under those names. Please email me if you can email address removed for your protection - Goudah Thank you ,

Thank you for your help and advice.... I am going to talk to my bank and see if I can get them to close my account.

guest,
If it says cash borrower vp or whatever it says, it's a debit from Cash Borrower. They also go by Dollar Quick, if that means anything to you. Here's the information I have on them:
Cash Borrower
1460 Westwood Boulevard
Los Angeles, CA 1-866-702-7484
support(at)cashborrower.com
They will give you the BIGGEST run around. Here are a few more phone numbers I have after getting my run around from them:
1-866-735-6855
1-678-303-0590
1-866-735-6855
1-866-651-6512
These people are amazing. Keep us posted if you actually get in contact with someone! :wink: