CA-PDL Help Please

Go to the top of the page, under the search box to edit profile- and you can remove your real name, and have a screen name.. Here is a link for the PDL laws for California at http://www.paydayloaninfo.org/state_detail.cfm?id=CA I'll do some checking on the companies and get back with you..KAren

Thanks Karen...wow,took a look at the link you posted and yikes...how are these pdl getting away with loaning me over $300 and charging me the kinds of fees?

I don't know how they get around it...but it is HIGHWAY ROBBERY!!!!!!!!! I mean once you pay back the principle that you have borrowed that is good enough. But they really rack you on their roll-over fees, and interest fees and such.

ladybug

It wont let me change my username... :(

Also, too late to close my account until after 8/31 otherwise my direct deposit will be re-routed to a paper check which takes 7 days.

I have a sole account (under my married name) and I am a co-holder on an account with my husband (maiden name)...both at the same bank. I am going to close my sole account and just use the account with my husband.

This was the most bonehead thing I have ever done...I cant believe I let myself get this deep with these pdl's. :oops:

help...please read this before closing your account:

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

help, jumping in for just a second! First of all, I'm posting your CA law so everyone can see. This way we're all on the "same page". NONE of your pdl's are licensed/legal. They all have charged you too much on rollover/extension fees since your state prohibits them. Whatever you borrowed (principle amount only) is what you owe. No fees/no rollovers. But, one a very important note, you need to send Cash Transfer Centers (very illegal) a letter stating that you revoke any wage assignment you may have signed with them. You need to do this ASAP. They will attempt to send a letter of wage assignment to your employer. A wage assignment is voluntary on the part of your employer. However, most employers do not know this and will give your money to these people out of your paycheck. You need to type a letter revoking this ASAP, send it to Cash Transfer Centers, give a copy to your payroll person, and keep a copy of it yourself. Do this ASAP. These are all unlicensed pdl's. And, as morningstarr posted, read about closing your account. Be cautious. Make sure any pending pdl debits will not force it back open. On a positive note, criminal action is prohibited in your state. Here's your laws for all to see. :D
Jumping off now!


California State Information here
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

Thanks for all of the help...you all are great! For the first time last night, I slept and woke up this AM knowing that I had a direction to get out of this mess. :D I know there is work to be done and I am going to stick this out until the end. Knowing I have the law on my side and you all for support helps a lot..

So, where to start.

Does anyone have a letter I can send to CTC to revoke the wage assignment?
Does anyone have a letter I can send to the pdl's to stop the drafts? I can certainly draft one citing the CA law, but if there is a successful copy out there that I can use, please share.

I am going to read the topic about closing your account too. As mentioned, I cannot take any action on my account until after 8/31 and its too late to stop the 8/31 drafts.
I will absolutely pay back the principal of these loans, but if they were not supposed to loan me more than $300, then what?

Deb

help, the letter to CTC is too easy. You need to do this NOW. All you have to do it type up a letter stating:

NAME OF PDL
ANY INFORMATION/ADDRESS/PHONE/FAX/EMAIL/WEBSITE

I hereby revoke any wage assignment I may have signed with your company, your partners, or any of your affiliates.

TYPE YOUR NAME
(Put you ss# so they can "find your file")

Plain and simple. Nothing fancy. Keep a copy, send them a copy, give a copy to your payroll. Short and sweet. Just to cover your butt if they try to pull it on you.

As for a letter, I have one, however, if you were to register, I could pm a copy to you. You are still considered a "guest", which is fine. You do not have to register if you don't want to. If you want, you can go to the "do it yourself" link at the top of this site page. Read through the letters, pick and choose from each one, and draft up your own letter. It's up to you. Just be sure you cover all the bases. Revoke their debit authorization. Revoke any wage assignments you may have signed. Inform them not to contact you via telephone, only via email or USPS only. State your state pld law. Include what you have borrowed and what you have paid. Ask for a refund if you overpaid. Ask for a PIF if you've paid the principle amount. Tell them you'll pay them xxx dollars to pay the principle amount in full. Since these are all illegal pdl's, just pay the principle amount borrowed. Do not pay the illegal fees they are charging you. Any questions, just post. :D

Hi cannr-I am registered but cannot figure out how to change my user name. I went to change profile, but would let me change that field.

I am drafting the letter to CTC and sending today via certified mail.

If I can get the other letter, that would be great.

You all are great!

Glad you registered!! PM Mike and he can help you with the user name change.

Be sure and deal with Cash Transfer center as soon as you can! And always keep copies of any correspondence, calls anything for your records- this has come in handy for me later, when I can pull it up and they don't think I have anything!1 Keep us posted on your progress and good Luck..KAren :D

Thank you bossy...just sent him a PM.

you will be seeing me update very frequently...probably with more questions :oops:

That is perfectly ok!! I probably drove everyone nuts when I came on, but they never complained, just helped! We are her to help you, and while we are no experts, we will help gude you to teh places to get your answers- so ask away!!..KAren :D

I see you have "pm" now under your posts. I'm going to send you a "pm". Check your messages to see if you get it. Respond to me. Once we know what we're doing, I can "pm" you a letter to send to your pdl's! :D

Mike helped me with my new username!!

volley, that's because Mike is actually an ANGEL in disguise! We've got the pm thing going on now, my friend! :D

Got 'em and its all good! Wow....i dont know what I would have done without the support here. :D

volley, I'm just glad I could help! I do believe that letter might just help you out! :D

Hey everyone...heres a question.

Do these pdl's report to the credit bureau? I mean, if they are more or less illegal loans, can they legally be reported?

There have been a few instances of people saying they had a pdl on their credit report. I don't know the details though. It could make sense if the pdl debt was sold to a collection agency. But 99% of the time pdl's only report to Teletrack, if anything at all.

thanks goudah..yea that makes sense if it ends up in collections. I just wasnt sure if it was routine or not.

It is absolutly not routine. Normally the pdl's will report you to Teletrack, a sub prime reporting agency. The only companies that check this report are other pdl's, and other sub prime, high interest lenders such as rent a furniture places. So in a way, it's good that you have a negative Teletrack report, because it can stop you from getting yourself into more high interest debts.

My project for this weekend is to draft the ACH revokation letters to all of my PDL's :D and have them ready to mail (certified) on tuesday HOORAY. This will be a great use of my time this long weekend and it will feel soo good. Trying to have some finesse in timing...as I will be closing my account on Tuesday also. It was too lat to stop the drafts for 8/31 so I didnt want to send the letters too early and have them go in and take more $$ out than they are supposed to.

That's a good plan. Sounds like you are getting off to a great start! Keep us updated, and be sure to ask any questions along the way! :D

So, I checked my account and my direct deposit went through and no pdl debits as of yet. Went to the ATM and withdrew all of the $$..then called the bank to close the account.

Okay, so now I have to come clean :oops: ....I work for a bank ( not in the branches but in the corporate side) I know...how could I work for a bank and then get into trouble with these pdl's...one word, stupid!

The account was closed immediately and I told them I couldnt open a new one for awhile...there is also a "debit block" on the account just in case and furthremore, there is no $ in it. Our bank policy will reject ACH drafts on a zero or negative balance anyhow and the account will not reopen.

volley, so you work for a bank. You think you're the only one on this forum who works for a bank? No. Do not be embarrassed. We're all human. It doesn't matter where we work. Your account sounds like it's all taken care of though! Wonderful! And now you're on to your letters! Post if you have any problems or questions! You're well on your way! :D

Thanks cannr..and thanks to everyone for giving me the courage to do this. :D

I was so embarrased to call to have the account closed and as I was explaining the situation, the person said "ok,so account closed w/no debits...no problem" Didnt ask me for any docs or anything. The person I talked to is in the employee directory so if there is an issue ever, I can call her (or her boss) directly.

wow....what a load off AND I now have $$ for gas/groceries, etc.

volley, you are exactly right. Now maybe you can start living like a "normal" person again! How exciting! And, I feel pretty sure you're bank won't give you any problems since you work for them! I believe you know how to remedy the situation if something arises! LOL! And, we are always here for you. Just remember that! :D

Oh yea...I am ready to open up a six-pack of "you know what"! :twisted: Let the games begin!

volley: I am positive that there are many people that we all know that are in some kind of financial mess, be it credit pdl's bankruptcy etc., my point is this: Just because you have a good job, intellegent, decent human being doesn't mean that sometimes things happen that seem like a good idea at the time but end up like a snowball from he##....you know where. Keep your chin up your weekend plan sounds good, although do take some time to enjoy yourself when you get your project done. Having that done will make your recreation more enjoyable!

Thanks Pauli!

Just fyi...no contact from any pdl as of yet since I closed my account on Friday. Is it the calm before the storm??

It may be the calm before the storm, however in my past experience I notice that I would get overwhelmed by calls and then nothing from anyone for a month or more then it would start again. I don't know why but that is just the way it goes! Keep strong though and just remember they will try to intimate you and scare you but you know your rights and state laws so you will be fine!

volley, some times it takes the pdl's a while to "figure out" what's going on. It's almost as though they don't pay any attention to your letters sent. Some of them will send you "We didn't get your payment" emails. Duh. They might do this two or three times before it "clicks" in their head what's going on. Once they realize they're not receiving thier debits, they'll contact you.

I love it! "figure it out".... :lol:

I swear! I was amazed! It took some of these pdl's like two or three times of debiting and sending me "We're sorry we didn't get your payment. Has there been a mistake?" emails before it registered with them (light bulb above head!) that the account is CLOSED! Yes, I told them that! Hello! It's kind of funny. So don't be surprised. Enjoy the "silence" while it lasts. Cause soon enough, their "light bulb" is going to go off and they'll be on the phone with you! :(

Enjoy the "silence" while it lasts. Cause soon enough, their "light bulb" is going to go off and they'll be on the phone with you!


This made me think of them sitting on the couch in their pj's with a light bulb over their head..the light bulb going off and shocking them awake and them picking up the phone to dial... Then it made me think of all the people who are intimidated by them..then I remembered when I was taking public speaking and they tell you to picutre the audience in their underwear..Need I say more :lol:

No, roxy. You don't. For everyone getting that "collection/threatening" phone call telling them they're going to jail - just picture a hairy man sitting on his couch in his pajamas eating potato chips with the TV remote in one hand and a telephone in the other. :D

LOL!! :lol:

Yea, and poor use of the english language "They brung me your file"

I would lke to know who brung it to them..the butler?

Here we go....got a call this AM from 000-000-0000...hmmm wonder who that could be??

Then got this email-

What email, volley?

It wont let me post it...one sec

Dear *******,

We recently attempted to deduct $120.00 from your account on 08/31/2007 which was returned from your financial institution for Account closed. While we hope this is just an oversight on your part, we must stress the importance of getting in touch with us at 800-689-6140 as soon as possible to figure out a way to bring your account current as soon as possible.

We are more than willing to work out a solution that fits within your budget, but you must contact us in order to do so. We are open for your convenience from 8am to 4pm Central time Monday through Friday to help you.

Most importantly, we want to keep you in good standing with our company so you can enjoy our services again in the future. Please contact us as soon as you get this e-mail at 800-689-6140.


Sincerely,

OneStepCash.com

Guess they havent gotten my letters yet....

volley, this is just their standard "form response" when the debit is rejected. They've received your letters. They just pay no attention to them. I believe it's all just computer generated. If the debit gets kicked back, you get the standard form email (as we all have gotten). They might try a couple more times before it "clicks" that they're not getting their money. Some of them are kind of "slow" about this stuff. Ignore the email. They'll catch on eventually. Then they'll call you! :wink:

Just got a VM from Eastside Lenders "...oh, your account is apparently closed and we want to make payment arrangements with you"

Allrighty then...

Okay everyone....got this Email from One Step Cash-

I was contacting you to inform you on the details about your account. We've
made several attempts to make payment arrangements with you. You have been
given many chances to keep your account in good standing with our company,
which would allow you to borrow from our company in the future. You have not
taken advantage of your opportunities, so now this could lead to Charge
Offs, Payroll Garnishments, and Credit Reporting Agencies. Please make an
attempt to notify me with some type of payment arrangements, so that we can
get this issue resolved in a timely manner.

TAMIKA WITH ONESTEPCASH
MY DIRECT OFFICE# IS 800-689-6140
wtf...why are they talking about payroll garnishments??

I sent their letter to their office in Overland Park, Kansas.

Eastside Lenders - yes, they would love to make payment arrangements with you. Unlicensed/illegal company that they are.

Tamika (or whatever her name is) - are these people licensed/legal? If not, I would rip them an email.

OneStepCash?? Heck no....illegal. nice email from them though. Should go well with all of my documentation I am collecting.

Can anyone confirm an address for One Step in Overland, Kansas?

Huh? The only thing coming up under the BBB is:

One Step Cash
150 S. Highway 160 Ste. C8 #526
Pahrump, NV 89048

1-866-431-2274

Could they be operating under a different name?

Thanks Cannr..I will try that address too. Ironically, I found the kansas address on another post on this board...

http://www.debtconsolidationcare.com/creditors-information/about25202.html