Loan Point USA

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I would like to add that I really don't know what to do, they won't give me a name of the company, an address or anything they just keeps saying have your lawyer contact me, see you in court etc. I have sent several letters to Loanpoint - c&D wage assignment etc.

As you know the threats they are making are blatant lies. They can't sue you because they aren't legal in the state of N.Y.

Yes I do know they can't sue me but what do I do? They won't answer a question, give me a name, address, anything - they just keep calling my work and my cell - how do I make it stop or pay the stupid 60.00 left on the principal if I can't get them to answer a question? I filed with the FTC but all I has was the stupid # they called from. I was actually laughing on the phone because I asked for someone who spke english and got a guy who spoke worse than the first and I could hear them in the backround all reading their script of getting sued and 3 counts of fraud blah blah blah

Hmm that is interesting, I filed a complaint with the BBB and they just responded to me that they are out of business

I have a loan with them too! They r def in business!!!!

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I have just recently lost my job and I got a loan with them for 600 dollars, they are threatning me and saying I will go to jail for fraud, I live in Florida, is this possible or is this a scare tactic, should I be worried, I offered to pay little by little as I lost my job and am on unemployment but get no answer or success...what should I do.

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So since they are liscensed in FL what does this mean?? I'm screwed and they are going to sue me/put me in Jail?

also I read in FL the maximum loan amount you can get is 500.00 they gave me 600.00 this is what it says....

Legal Status: Legal
Citation:
Fl. Stat. Ann. 560.401 et seq.; Rule 69V-560.901-912
Loan Terms:
Maximum Loan Amount: $500
Loan Term: 7-31 days
Maximum Finance Rate and Fees: 10% + verification fee
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 rollover)
Cooling-off Period: 24 hours
Repayment Plan: Yes
Collection Limits:
Collection Fees: All charges imposed on the lender by any financial institution; lender not entitled to treble damages
Criminal Action: Prohibited


they are threatning to put me in jail for fraud because I have not paid them I see under criminal action it says Prohibited...so does this mean by the state of FL they cannot put me in jail for this loan also the max for FL is 500 they gave me 600..any help would be highly appreciated.

You can't go to jail for owing a debt, period.

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Thanks Shazzers for your supported help!

I had a similar situation. I paid $720 towards a $600 loan and had to close my account. I opened a new account and within days of opening the new account, they deducted $400. My bank has reversed it, but i am concerned that they will try again. They claim the contract states that they can make any amount of withdrawal at any time. I requested that they cease the ACH but said they would continue to do so. I asked for an address and they gave me: 1338 South Foothill Dr, Suite 325, Salt Lake City, UT 84108- not sure if it's legit. I too am pursuing legal action. I live in Massachusetts and have a contact at the attorney general's office and will see what my options are.

I have dealt with them before I had found this forum or I might not have sttled with them. I had a signed agreement including a PIF statement for $240. I had closed my account but they had been able to find my new account information almost a year after I had opened it. Using that section that states they may withdraw from any account you may have they took out $400. The service rep on the line said that since I had paid only $240 of the $300 it negated the offer of $300. All because some rep did not update the notes (UHHUH). I faxed the signed agreement to them and suddenly no one would talk to me. The bank restored the funds and continued a fraud investigation. Be careful with these guys and document like crazy.

How are they getting access to your new account information? Even after a year later??

My wife was do some financial reasearch about loans in general. She put in my info (40 lashes with a wet noodle) and must have hit on a related company.

they are scamming you. i got a loan from loanpoint usa last year and i had to close out my checking account they drew out the last of my money and left me with other bills i had to pay off. they call my house and my job at lest twice a day . i just have to come up with a way to make them dtop i contacted the FBI , BBB, CSI and i can't remember who all. i hate their threats and fowl mouths. you ever came up payday loans :mad:should be shot.