Debtconsolidationcare: Internet's first get-out-of-debt community
473,117 members

Internet's first get-out-of-debt community 472,096 members


Debt Consolidation Forums Payday Loan help

Are there any legitimate payday loan consolidation companies



Unregistered

Sub: Are there any legitimate payday loan consolidation companies
Mon, 22/10/2012 10:59

I need help managing payday loans, got in over my head. Are there any legitimate payday loan consolidation companies out there?



Article Rating: 
OhioGal1
OhioGal1


Debt Samaritan
Posts: 5216
Credits: 77176.096477606

Sub: #1 Again, you're making me giggle. Your demands mean nothing to Mon, 10/22/2012 - 10:59



Again, you're making me giggle.

Your demands mean nothing to them. They will stop when they realize they aren't going to scare you into giving them more money. Until then, they will call, email, etc. If you immediately nip it all in the bud by telling them how it's going to be and telling your references, your employer, etc. that this is a scam and they should ignore the calls, it will stop sooner.

The FDCPA has nothing to do with this until it's turned over to an outside collection agency. Original creditors/lenders aren't subject to the FDCPA and, since these are tribal and/or offshore lenders who are already breaking the law, what makes you thing they would adhere to this law if they're already breaking the law?

How to Deal with Unlicensed/Illegal Payday Lenders - Step by Step Instructions

I am not an attorney. I am not offering legal advice. The information and ideas I share are my opinion only and do not necessarily reflect the opinion(s) of the owners of this website.


waffles
waffles


Posts: 1678
Credits: 30978.197782844

Sub: #2 Contact your HR department and tell them that your bank account Fri, 10/19/2012 - 15:43



Contact your HR department and tell them that your bank account was hacked. We have creative options available. You can say your sister took out a loan and happened to know the last 4 of your social and added you to the loan and now people are trying to scam you. Just make something up. Let me ask you this, would you rather your payroll department be forwarded over a wage assignment without knowing what it was, or would you rather tell them ahead of time?

You owe ONLY WHAT WAS BORROWED. No fees or anytihng. THAT'S IT!

Furthermore, they can AND WILL call you NONSTOP. This is a fact you will have to learn to deal with. You are not understanding. When you take out a PDL, the consequences are phone calls in massive volume. These are illegal loans. Lenders operating ILLEGALLY, which is why you only owe principal. Do you think they are going to obey your cease and desist????????

Is my payday lender illegal in my state?

How to deal with illegal lenders, courtesy of OhioGal

How to write a proper debt validation request, courtesy of SOAPLADY

How to deal with a Collection agency contacting you for PDLs


Hops44
Hops44
Posts: 18
Credits: 306

Sub: #3 Wage GarnishmentsFri, 10/19/2012 - 11:28



So if I send them a letter/email stating that I revoke ACH privileges and voluntary wage garnishments - are they allowed to try and contact my payroll department about wage garnishments. Also in reading online the rules of the FTC DC laws - if I send them a certified letter stating they are not allowed to contact my work or reference - that they must communicate with me via mail/email - once I get that little slip back that they signed for - they must stop all calls. Am I reading all this correctly?


Unregistered

Sub: #4 And the battle beginsFri, 10/19/2012 - 11:23



After talking things over with a friend and also with my supervisor - I believe the battle will begin to eliminate these loans. I do owe money, I will pay what I owe - but as far as paying $5000+ with fees and interest - I think I will pay back the $435 that I owe - minus what was paid.


Hops44
Hops44
Posts: 18
Credits: 306

Sub: #5 Installment LoansFri, 10/19/2012 - 05:24



Are Great Plains, Plain Green, and Cash Call payday loans or installment loans?


Hops44
Hops44
Posts: 18
Credits: 306

Sub: #6 Wage assignmentFri, 10/19/2012 - 05:21



I have not done anything yet - still working on the letters - and still trying to decide my best course of action. I have looked over all the pdl contracts and I dont see anything on them about a voluntary wage garnishment - so not sure that i have to include the payroll department in all of this other then when I go over to get my automatic deposit changed and tell them that I had to close my bank account due to my account information being compromised. I am a school teacher and am very embarrased that I got myself into the jam. I cant afford to have any negative things happen to me that could cost me my job - I am a father of 3 and need the job and the benefits.


SOAPLADY
SOAPLADY


Debt Samaritan
Posts: 17124
Credits: 401893.79821716

Sub: #7 Did you do a voluntary wage assignment revocation??? SImply letFri, 10/19/2012 - 05:15



Did you do a voluntary wage assignment revocation???

SImply let your work know that bank account information was compromised and that you were scammed...tell them simply to hang up.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com...allenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com...imitation.html


Hops44
Hops44
Posts: 18
Credits: 306

Sub: #8 CollectingFri, 10/19/2012 - 05:09



How many times a day should I expect to get phone calls and how many calls should I expect my work to receive. I am really scared that once this goes into motion that I could loose my job because they are calling my work number or worse yet - calling my payroll department about the voluntary wage garnishment.


Hops44
Hops44
Posts: 18
Credits: 306

Sub: #9 InterestingThu, 10/18/2012 - 20:59



Glad I could make you giggle.

Had an off the record conversation with a person in the banking and insurance department today. Here is alittle thing that these companies don't want you to know. If you fill out an online forms looking for a loan, if you are redirected to a company's website and offered a loan - technically they invited you to do business and they have then entered your state. These pdls try to hide behind their state laws and say you reached out to them so you entered their state and have to follow their laws.


OhioGal1
OhioGal1


Debt Samaritan
Posts: 5216
Credits: 77176.096477606

Sub: #10 Yes, per year. The other question you asked always makes me gThu, 10/18/2012 - 13:18



Yes, per year.

The other question you asked always makes me giggle.

If they're lending money illegally and trying to collect on an illegal loan using illegal tactics, what makes you think they're going to listen to your "demand" not to call you?

How to Deal with Unlicensed/Illegal Payday Lenders - Step by Step Instructions

I am not an attorney. I am not offering legal advice. The information and ideas I share are my opinion only and do not necessarily reflect the opinion(s) of the owners of this website.


Pages

Add new comment

Full HTML

  • Web page addresses and e-mail addresses turn into links automatically.

Filtered HTML

  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <blockquote> <code> <ul> <ol> <li> <dl> <dt> <dd><img>
  • Lines and paragraphs break automatically.

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
CAPTCHA
This question (Case Insensitive) is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Enter the characters shown in the image.
Share post


Page loaded in 8.641 seconds.