I have some $3000 in Pay Day Loans

Can you tell us who you borrowed from, how much you borrowed from each one and how much total you have paid back so far to each one? Also, what state are you located in? Once you provide this information we can help you better.

With a little work on your own it is possible to get some to mark you paid in full or accept more affordable payment arrangements BUT be prepared to put some time in on it. It is time consuming but rewarding as you watch the PDL's go away!

three internet sites
united cash 200/260
260
310
Store loans
Tennessee Quick Cash 300/330 and 140/164
Advance America 330
Check Advance 330
Cash One 330
Ace Cash Express 230
Evergreen 230
Cash Advance 230

I am from Tennessee. I have been paying for some of these for 2 years now the rest a year.

Have you tried talking to your storefront lenders? If you tell them your situation they may make arrangements with you. But most of the time they will have to deposit your check and have it returned NSF before they will make payment arrangements with you. But then your not just paying interest, the payments you make WILL be paying down the loan. But if you do this you need to have a plan and offer them at least $100 per month if not more. But just make sure you don't run yourself short on cash for the month. Because the storefronts are licensed in your state and they can take you to court. But if you have been a customer for years now they should help you through this.

There are too many for me to offer $100 a month. However, I am going to call today and see if there is anything they can help me with.

You are dealing with a few internet and storefront companies. Check each of them if they are licensed in your state. They must follow the laws of your state and add the legal charges on your account. United Cash Loans is a rip off. They are affiliated with Rio Resources. Beware of them.

http://www.debtconsolidationcare.com/settlement/illegal-threat.html

http://www.debtconsolidationcare.com/paydayloan/commit-fraud.html

Thank you. But what do I do to keep them from my account the United Cash Loans. I also have two other internet ones and am not even sure of one of the names.

However, on the storefronts most of them are willing to work with me which is great! i had no idea what I was really getting myself into and this place as literally made me feel a thousand times better. It is nice to know that others are just like you

Do you have any written agreement from United Cash Loans? They are very famous for doing unauthorized debits on the checking accounts. Do a Google search on this board and read number of posts from people dealing with this pdl place. Take a print out and show it to the bank supervisor. They will be able to put a block on UCL.

Guest...why not register...and stay awhile...if you continue to read some of the posts we have on here you will learn a great deal...not only about your pdls but finance and life in general. There are a great group of people here.

You should also read the "sticky note" at the top of the 1st page of this forum about closing your bank account. Unfortunately with internet pdls..they will not stop debiting until they can not get your money any more. First you need to take care of the store fronts. As stated above they are legal...looks like they will work with you. Have you made arrangements to pay them separately from a bank debit?? If you have then the next step would be to go to your bank and explain about the illegal ipdls...United is for sure...If the other 2 are also.. then your bank needs to know...some banks will put a hard debit block on your account so no debits can get through...if they can't then you will have to close the account and it's always advisable to open a new account at a different bank. Now you must go back over your account and figure out how much you have paid each lender against what you borrowed. On the internet ones...most of us found we had over paid by our own state laws. If you post the amounts we can help you figure that....and please ask as many questions as you need to...to understand the process. There is much you can do on your own to make yourself debt free!

Do these people not check to make sure how many loans you have? TN only allows 3 advances and no rollovers.
Have you had to pay off and re-loan with storefronts?
I found that all of your companies are licensed in Tennessee, except for the following two:
Cash One and Evergreen, now, they could be licensed but they are not under those names that I saw unless there is somewhere I'm not looking. Anyway, this is unbelievable that they loaned you to the tune of 7 store front PDL's!!! CRAZINESS!!!!
You will be fine, just contact them and make sure you stick to whatever payment arrangements you make.

Welcome to our community!
After reading your post I felt a need to write to let you know there are people here that will guide you along and help! You WILL get through this!

I am in a similar situation and you may read my posts, "I live in Colorado..." and as you can see after reading, taking the advice given by this great group of Good Samaritans, within FOUR days, I didn't feel so scared, worried about what to do and felt that there was NO way out, and I hadn't a clue what to do.....other than loan MORE money!! That is the last thing you want to do at this time!

Please feel free to read my posts, then you can take similar steps. We've all been there and this site has so much information!!

Here is a piece from one of my posts for new community members:

Read as much as you can regarding your situation,LISTEN, LISTEN, & follow directions by the people who are knowledgeable and have been in the same situation as you. They know ALOT!!! And will help you!
Don't give up!!!!
Pay attention to every last detail. Get yourself a notebook and write down everything, such as dates, phone numbers, people you talked to, etc. ANYTHING that pertains to your pursuit of FREEDOM FROM PDLs!!!
Gain your sanity, life and money again!! Just relax, take your time in learning and believe me, It WILL work out!
I just started to ask questions, starting on 7/23 joining this Community and heck today is the 27th and I FEEL ALIVE AGAIN!! So I got to work things out in just 4 days! It's not complete yet...but 4 days ago I had not one idea what to do or where to go. So hang in there!!
Please feel free to ask ANY and as many questions! We are all here to help each other!

Yes we are! Ask questions, feel free to vent as much as you need. If you have a bad day, come here and talk to us! We will all help you through it, together!!!! You will actually start to have nights of sleep again, it's great! You are on the right road to get this stuff straight, just be strong, and stay away from any future loans! THEY ARE ALL EVIL!!!!

Thanks to everyone's advice. So if Cash one and evergreen are not licensed is there anything that I can do to stop payment. evergreen told me that my check would have to be nsf and then the collections would call and I would have to pay the loan in full right then. I made arrangements to pay most of them with cash a little at a time (50-100).

Also, I thought I registered but it won't let me in. So it keeps coming up under guest.


On the internet loans, I have had two since June of 2007 totaling 260 and 260. the have taken 60 a piece out twice. The other one hasn't taken out anything yet.

The storefronts never asked me after the first time I borrowed from them if I had any out. they would just tell me to sign whatever and wherever.

Thanks for the great advice. please keep it up. i hope this is going to work for me.

As you can see, there are many of us who have been and are where you are. Looking at your loans, you have done a great job of breaking them out by lender and amount. What you need to do now is continue to break them out by lender and amount--and also next to each lender and amount put down what you have actually paid on the original loan with fees that you paid each time you renewed or rolled over the loan.
And if you have been paying on these loans for two years, I would bet a dollar that you have way overpaid them all.
If you have (which I am sure is the case), the first step is to contact each lender, demand that your accounts be marked Paid in Full (we refer to this as PIF on the boards), or you will file claims with your state's attorney general's office.
I have dealt personally with Advance America and will tell you now that they will not be easy. But you need to stay strong with this and realize that you have a whole community of email friends who have also dealt with them and can and will support you.
Hang in there. We are there for you.

Ashlee, do you have any paperwork on Evergreen and CAsh One? If so, look at it closely and see if they are under another company name. I checked the website (paydayloaninfo.org) under Tennessee DFI licensees and they are not there, but, if there is another name, I could check that also. As of right now, they are not there! If they are physically located in a building in Tennessee, they must be licensed to lend, I got that useful information (the only useful information from him) directly from one of the guys at the Department of Financial Institutions in Tennessee.. If they are not licensed, they are operating illegally. Now Tennessee DFI has not been AT ALL helpful with me on the internet ones, but, I have done a lot of them all on my own, it just takes some work, but, what doesn't. The payoff will be worth it!
Check any and all paperwork you have and get back to me, I will help you with this one as much as I can.

I am not sure exactly what to do with the attorney general. would that just get me into trouble because I have more than my share of loans in the state of tennessee. I am not sure if i can close my bank account either because I am not sure of the TN Laws. I just want to get out of this and pay them all with the arrangements and be FREE once again.

Tennessee quick cash is from July 05 and I have been paying at least 330 every two weeks since then with an interest of 497.73%.
Advance America has been the same time 330 with 280.76%
Check Into Cash 330. for 497.73%
Ace Cash 230 for 497.73%
Cash 1 330 for 280.77%
Check Advance 230 for 331.82%
Evergreen 230 but I am not sure what the interest is because they do not give me a copy of my loan.

Ashlee,
You won't be the one in trouble, the company has a responsibility to follow the laws of TN, which states that you can only have three outstanding PDL's at one time and no more than 2 with one company. Also, they cannot allow you to rollover the loan. When you pay, you are paying off and then aquiring a new loan, correct?

Ashlee, here are the TN laws for you to review!
Find TN laws here http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

Ashlee, honey!!!!!
You have WAYYYYYYYYYYY over paid these loans!!! I don't know when in July of 05 you took them out, but case in point, with Advance America, for example, if you borrowed $255 in California, and wrote a check for $300 (which you have to do), that would mean that you would be paying $45 in fees every two weeks.
Now if you are actually receiving $330 in cash every time you roll over, what are you actually writing your check for for this amount? Forgive me for poor math skills here, but would it be $380 to get $330?
Going back to my original example of Advance America: There are 52 weeks in a year, which would mean that you would rollover approx. 26 times.
This means that that original $255 PDL would cost you $1170!!!!
This is why we need this information. Tell us what your fees are everytime you renew and we'll do the math, OK?

Wait a minute. If 'guest' has this many store front pdl's, then the bank account will be an issue here. More than likely, most of the store fronts will be licensed and legal. There's the problem. 'Guest' has internet pdl's as well. So, 'guest' can't just close the old bank account out just yet. 'Guest' might get into trouble with the legal store fronts if 'guest' closes the account. Read the paperwork on your store front loans. If this is the case and you can not close your bank account due to having legal store front pdl's, you can put a "freeze" or "hard debit block" on your bank account. This way no debits will go through. No ACH debits, no paper checks, no electronic checks, nothing except deposits only. Now, this will suck because your ATM card won't work and if you want money, you will have to physically walk into the bank and get it. Open another account at a different bank, but don't close out the old one yet until you have your legal store front pdl's under control. Some of them can take action against you if you close your account and have a loan with them. However, if your account is still "open and active", you'll be okay. You'll just have that block put on it. But it will not be closed. But you need to stop the internet pdl's from hitting your account. Work on getting a block put on your account. I don't suggest closing it entirely because of your legal store front's. If you can work it out with them and make payment arrangements, that's the best thing. But a lot of them will have to turn it in to the bank first before working out a payment plan. Just be cautious. This is tricky because you're dealing with legal store fronts and illegal internets. I'm just not wanting to see you get into any trouble regarding your legal store fronts and your bank account.

I am registered here just not sure how to pull it up. However, Thanks for the great advice cannr. I wasn't sure if closing the bank was the right thing to do. SO i will go tomorrow and have a freeze put on it but what if they won't do it. Is there any other option? How can I find out if the internet loans are legal in Tennessee?

Four of my fees are 300 paying back 330
Three of my fees are 200 paying back 230
one is 140 paying back 164

The 3 internets are 200, 200 260 each they just keep taking out 60 from my account
and one is 250 paying back 310 have not taken anything out yet


How in the world do I read the state laws. I just do not understand what it means? I am sorry for sounding stupid and dumb.

On the internet sites two I have the names for the other has not even contacted me. i thought that I had all three's info. but apparently not. They are United cash loans and us fast cash loans are these legal and if not do i have to repay or what does the legal or illegal mean PLEASE help

Okay, ashlee. First of all, you're certainly not dumb! Please! When we all first came here, we were like "What???" So, please don't feel that way. And, as you can tell, you're not the only one in this situation! We all are or have been! Second, I'm really concerned about your bank account. My situation was something bad that actually turned out good with my bank. I closed my account, but it re-opened due to pdl debits coming through. Long story short - it was ugly. Debits/fees/negative balance/fight with the bank/blah, blah, blah. However, it ended up good because since I could not close it, and I started fighting the pdl's, I was getting refunds & they were depositing the money in that account. So, I've kept that account open. It's still open/active. It just has a hard block put on it. Now, if I get any more refunds, deposits can be made; however, no debits go through at all. It's sitting there with 14 cents in it! LOL! But it is still considered open and active. This will be important regarding your legal store front lenders. You do not want them to find a closed bank account on a check you wrote. Could get ugly. Go to your bank, explain to them that unauthorized transactions have been going your acccount. Request a hard debit block/hard hold/freeze (whatever your bank wants to call it) to be put on your account. They can do it. Some people have had stupid banks and had a hard time. However, stress to them that these are unauthorized fraudulent debits and you need to prevent them from debiting your account further so they need to put a block on it. Make them assure you that no more debits will be able to hit your account. Make it very clear to them. This way, if your legal store fronts do turn your check in, your account is open and active. The check will be rejected; however, they can not claim that you closed your account knowing you had a check out with them. The account is open. But with this block, it will prevent any internet pdl's from debiting you any further. Their debits will be rejected. You need to get this done ASAP so your internet pdl's won't hit again. Just don't totally close it until your legal store fronts are taken care of. According to your laws, criminal action is prohibited, in other words, you're not going to jail. If the store fronts give you a hard time, they can act upon you not paying, but it won't be for a "bad check" or anything like that. They just want their money back. With luck, you can work out something with each store front. Keep your account open, but with the block on it, for the store fronts that will tell you they have to run it through first before they can make payment arrangements with you. You've already spoken with one store front and they're working with you, right? Now maybe the others will be fine with that. Some store fronts will just hold your check until it's paid off and then give it back to you. Some turn it in to the bank before making arrangments. It's up to them. Also, your law states that no "rollovers/extensions" are permitted. This means that your nasty internet pdl's are not following your state law. They are rolling over/extending your loan and charging you their "finance fee". My experience so far has been that they are much easier to work with you if they can't debit your account any more. If they have access to your bank account, they will debit you for years until you've paid $2000 on a $200 loan and then still debit your account. Get a little extra money, like $25 or $50 and open a new account at a new bank. Then you'll have a bank account again and if you have direct deposit of your pay, switch it immediately to the new account. If they can't do it immediately (which they should be able to do if you tell them you have fraudulent charges and had to switch banks) then tell them to issue you paper checks until you can have it switched to the new account. You need to regain control of your money without having all those debits taken out of your account. I know this is a lot of information here (if you haven't already fallen asleep reading it!). So I'll end with that for now. If you have any questions, post away! We're here to help! :D

Ashlee. I just read your other post. United Cash Loans and US Fast Cash are MTE Financial related pdl's. They are not licensed. That means they are not legal.

If they are not legal what do I do? Am I still supposed to pay them

ashlee, that's the "question of the world" here on the forum. Some members views are that if you received the funds, you should pay back what you borrowed - only the borrowed amount - not the fees. Other members views are that if they are illegal, there is no legal recourse for the pdl to get their money back. But the first step, before making this decision, which is your own decision, is to email/fax/mail the pdl's a letter stating that you borrowed xxx dollars and state your state law and revoke their privilidge to debit your account and revoke any wage assignment you may have signed. Get your bank account under control so they can't debit any longer. File all pdl complaints to the BBB, the FTC, and your state AG. This is very important to do. These agencies need as many complaints as possible. And they do pay attention and they do act upon them. These are the first steps you need to take. Then, it's up to you to decide what is right for you. Like I said, everyone has their own opinion as to paying them back if they're illegal. Since you received the funds and used them, they say pay back the amount the pdl gave you. Others say the pdl is illegal and you don't owe them a dime. I say it's up to you as an individual. That is a decision you have to make. I know that's not a very "good" answer, but it's the only one I have. I'm sure you'll get opinions from other members. Just make sure you're taken care of, the bank account is taken care of, the letters are sent, the complaints are filed, and then you can decide what to do from there. I don't think any one person can tell you what your decision should be.

What kind of letter do I send? And exactly where? I want these people to know it is hurting others and they can't do it anymore.

I don't think up until this point anyone has really told her to close her account (due to the store fronts) but if she lets them know that she is switching accounts and doesnt' just close it out without warning she should be ok, correct?
I sugges that she make arrangements with the store fronts. I still don't see anything on Evergreen and Cash One though, not on the TN licensee database.

bflow, we can't be sure of the store fronts regarding the bank account. She has so many store fronts. Some will hold the check and never turn it in and just let her make payments on it. Some will have to turn it in to the bank and have it returned NSF before they can negotiate a payment arrangement. However, as you asked, if she were to walk into her store fronts and say she has a new account, blah, blah, blah - they're going to want her to PAY OFF the existing check and re-write using her new account information! Now, if she has the money to pay these checks off, she wouldn't be in this position. Plus the fact that she would not want to give them her new account information. Make sense? Or am I crazy?

I agree with you Cannr - If she goes in with new account info they will want her to renew and write a new check.

Thanks guys. I am not going to close my account just put a freeze on it for now then when I get caught up I will close it. however, if i put a freeze on it how will I be able to get to my money. My checks are direct deposit and I can not stop it this week.

Have you read through this thread?

http://www.debtconsolidationcare.com/paydayloan/close-account.html

It has some information about holds and stuff the banks can do to help your situation.

When they put a freeze or hold on the account, you will have to go into the bank in person, have the hold removed, withdraw your money, and have the hold reinstated. It's a pain, but much less of a pain then having the pdl's drain your account.

Since you will have money coming in, you want the bank to put your account on deposit only, or a hard debit block. If they were to freeze the account completely, the deposit would not go through.

Absolutely! Do the hard debit block. As goudah said, it's a pain because you have to physically go into the bank to get any money, but it will accept deposits with a hard debit block on it. No debits, just credits. Have you thought about getting another account to have your direct deposit switched over to?

If I let them go to the bank and return NSF will I have to pay more. If so, then I would be better just trying to pay other loans first and then the others later.' RIGHT?

ashless, I don't understand what you're asking? You want the debits to go through and get NSF charges on your account? Or are you saying put a hard debit block on the account so that the debits are rejected? I just didn't understand the question.

I guess I am wondering if I put them on a hard debit block and then the checks don't go through is that consider NSF? If so, then do I pay the interest rate as well. Like my loan is 330 to repay with a 418% interest. I hope this makes since.

ashlee, I'm assuming your talking about your store front pdl's. Which are more important than your internet pdl's. Okay. We need to get the store front situation straightened out here. If you put a hard debit block on your account - not close it - you should be okay. If the store fronts turn the checks in and they are rejected because of a hard debit block, your account is NOT closed. It is still considered open and active. They will just reject the checks like the funds were not available. Do not close the account yet. Putting the hard debit block/deposit only status will enable your direct deposit to still go in, but no debits can come out. None. No checks, no ACH debits, no ATM card usage, no checks that you write. Nothing. Only credits will go in. So, if what you're asking is, if you let the store fronts turn the checks in and they get returned, then - in my state anyway - the fees stop at the store fronts. You will be better able to negotiate a re-payment plan with them. I hope that answered your question. Because I just don't want you to close the account and the store fronts find out you closed it and then they can take action against you. However, if the account is still technically open and active (and it will be with a hard debit block on it) then you didn't break any law by closing the account while having outstanding checks. The store fronts - in my state - will get the checks back as NSF. They will contact you (of course). Then you can negotiate a repayment plan with them. And they can't - in my state - keep adding fees on to the amount you already owe. Now, someone may come up behind me and correct anything since I'm not in TN. But this is normally how the storefronts work. They will not add additional fees, except maybe a NSF fee, to your already owed amount. Does this make sense to you? I hope so! I tend to drone on and on!

I have a question why doesn't someone put these online pdl's in jail for fraud. how can so many people have problems and these company's continue to eat people alive. (figuritively speaking)

mike, this is why we tell everyone to file complaints. The more complaints filed, the more the government agencies are going to notice what's going on. And, the fact that these pdl's are very slick, doesn't help matters much. It's very important to know your laws and file complaints. This is the only way these places are going to go down.

I'm just glad i found this place. It helps people understand, and hopefully that will cause these company's some severe penalty's. From local, state, and federal changes in the law. I personally don't have pdl's, but i will send a letter to my state government, asking for increased scruntity.

mike, that's nice. :D This forum actually is very informative. There are a lot of intellegent people on here with information that people are not aware of. And referencing other sites, such as the government sites, helps people out a lot. So many people come here (luckily) and find out "Hey, they're breaking the law." I was a stupid one. I had no knowledge whatsoever. But with these people and the resources suggested, I've discovered a lot. It's great to know that we have your support even though you don't have any pdl's.

I support good people, not people that are out their to take other's for everything they've got. In the end it all comes back to them full circle. I drive a truck and ther's somethings going on out here that would blow your mind. like truck payments of $608 a WEEK!! When the industry avg is $1200 A month and thats bad credit new truck. $608 used truck and when you pay it off you still don't own it. Just a lease.

i am working on my situation and will let you guys know what happens. I am going on vacation it's free or I would not be going!!! I put a hard debit block. Thanks and I hope these people get in some serious trouble for hurting people the way they do.

If we all continue to stand up to them. I.E. Complaints and so on. We will make a difference, we also need to start teaching people that have not gotten one of these pdl's yet. That they are dangerous, we need to start holding workshops aimed at teaching other's abot the danger's of these pdl's and other fruadulent practices.
sincerly,
Mike

mike, I'm glad you see our side. And you made an excellent point. The sad thing is that we are not informed/educated enough BEFORE getting involved in pdl's. If word gets out regarding pdl's BEFORE people get stuck in the trap, it would be wonderful. We've all learned the hard way. That's why we're here. To help others and maybe they'll spread the word to people they know to stay away from them. And, you're also right about filing the complaints. I can't stress enough how important it is to file complaints. Word needs to get out what these pdl's are doing. The complaints work. It's work for us to do them, but well worth all the effort. Thank you, mike. It's nice knowing you're with us.

My bank SUNTRUST refused to put a hard block on it. They said that since I wrote the check it would still have to go through so now I am $600 overdrawn and do not know what to do. I still have the three internet pdl's that come out automatically. I need to know what to do to stop them.

ashlee, did you go on vacation and not do anything with your bank account before you left? Did you just now try to put the hard debit block on? Is that why they won't do it? Will they not close the account? I'm thinking maybe you waited too long. I see old posts going back about a month. Is that when you attempted to do the hard debit block? Or did you just let it go? Now your account is open/active still? It is overdrawn? Are they going to return your NSF check to the store front? If your account is negative, you can't close it, but I'm not understanding why they won't put a hard debit block on it. Are you just now trying to block/close the account? That may be the problem. It should have been done sooner so that it would have been "in place" before any check was turned in or and pld's were scheduled to hit again. Please post and let me know exactly what's going on. We can try to help you out of this.

my account was not negative. The lady at the bank said since I wrote the checks there was no way she could put a block on it. Now my account is negative and there is nothing I can do. I went back to the bank and had to pay $105 to stop payment for three pdl's. these were all internet loans. Now they are calling wanting their money and I don't have it.
I have one with United Cash, United Fast Cash, and Zip Cash. I am not sure if these are illegal in TN. I know one is from earlier messages but they want me to pay $305 but I do not feel that they are owed this money by me. I just want to know the correct way to handle the internet loans. All store fronts are now fine borrowed money from my brother to pay those completely but he doesn't have any more to pay these others off.

ashlee, all your internet pdl's are unlicensed/illegal. You are only obligated to pay the principle amount. No illegal fees. They are not licensed to do business.

So do I call them and say that I only owe the principle amount. I mean they have already taken out 60 dollars 5 times and that is over what I borrowed.

ashlee, no. Do not contact the internet pdl's yet. Is your bank account straightened out yet? What is the status of your account right now?