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Stop paying your illegal payday loans !!!!

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If the loans are illegal, STOP paying them and fear no more. I ask all the thousands of posters on these boards, has anyone hear ever ever ever heard of one internet PDL getting a judgement against anyone ???? They cant, because the loans are not legal. IF they did sue you just motion to dismiss. ITs not gonna happen.




cannr

Posts: 9317
Credits: 129842.7

Sub: #1 reply
Tue, 09/18/2007 - 21:09

Yes, jonboy. That would be nice. However, they will still harrass you. They will still turn you over to illegal collection agencies. They will still report to your credit bureaus. Yes, this is all illegal. So it's a continuing battle. So you don't pay them. That doesn't make them go away. It just starts the whole "fight process" all over again only with regards to illegal collection agencies and disputing amounts on your credit reports. Oh. And did I mention putting through wage assignments to your employers? It would be wonderful to say "just don't pay them and they can't do shit". However, as we are finding out, we are now being turned over to illegal agencies, negative marks are being put on our credit reports, and wage assignments are being sent to our employers.




volleyballmom

Posts: 4143
Credits: 28451.95

Sub: #2 Hi jonboy-These pdl's are are illegal as the fees they charge an
Tue, 09/18/2007 - 21:13

Hi jonboy-These pdl's are are illegal as the fees they charge and unfortunately they have no issue continuing to be illegal...like harrassment and reporting illegal loans to the credit bureaus. But I like your posture on this issue :wink:

You should register and help us out here...




Unregistered

Sub: #3 wage assignments?
Tue, 09/18/2007 - 21:16

Well that suks. I didnt think they could report you to the credit bureau. I havent gotten that far in my collection activity. And how do they do a wage assignment without a judgement? My loan was with mycashnow and I never signed any wage assignment authorization




volleyballmom

Posts: 4143
Credits: 28451.95

Sub: #4 mycashnow? okay...what state are you in? How much have you paid
Tue, 09/18/2007 - 21:20

mycashnow? okay...what state are you in? How much have you paid so far?




Unregistered

Sub: #5 New York and I paid back about 500 and I owe them another 1400
Tue, 09/18/2007 - 21:21

New York and I paid back about 500 and I owe them another 1400




cannr

Posts: 9317
Credits: 129842.7

Sub: #6 reply
Tue, 09/18/2007 - 21:22

jonboy, not all pdl's do wage assignments. Wage assignments are different from wage garnishment. Assignments are voluntary through your employer. However, most employers don't know it's voluntary and honor them. Garnishment is by court order only. And they will send you to illegal collection agencies. And they will report to the credit bureaus. Yes, all of this is illegal. So, the battle continues. The phone calls will keep coming. The threatening emails will keep coming. You'll receive correspondence from collection agencies that are the scum of the earth. You will be shocked to see an illegal pdl on your credit report. It seems to be never ending. Once the battle starts, you have to be up for it for quite awhile. As they are illegal, they have no problem continuing to act illegally. Why would they stop? They're already breaking every law. Why not continue to do so? So that's exactly what they do.




Unregistered

Sub: #7 I guess I should send out the cease and desist letter tomorrow??
Tue, 09/18/2007 - 21:26

I guess I should send out the cease and desist letter tomorrow??? Or do they just ignor them and violate Federal law?




cannr

Posts: 9317
Credits: 129842.7

Sub: #8 reply
Tue, 09/18/2007 - 21:32

jonboy, wait a minute. Is this an internet loan? I am assuming so since pdl's are prohibited in New York. I'm posting this for you to see.




cannr

Posts: 9317
Credits: 129842.7

Sub: #9 reply
Tue, 09/18/2007 - 21:33

You will find the Payday loan New York here (just select your state),

http://www.debtconsolidationcare.com/paydayloan/explain-p dls-laws.html




cannr

Posts: 9317
Credits: 129842.7

Sub: #10 reply
Tue, 09/18/2007 - 21:34

I do believe that mperez, jen, and kash are all in New York. They can probably give you more information regarding this matter.




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