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help me please with ambassador/nationwide cash

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i have a payday loan with a company called ambassador/nationwide cash these crooks have already taken over 800.00 for a 400.00 loan i have done a few loans and have never had to pay back twice the amount i was loaned i am in missouri and this is a inet based payday loan i have asked my bank to block or dispute these payments but state i cannot do that because they change the name each time they debit and its never for the same amount the bank is telling me i can only block the payments if i know the exact name of the debtor and i have to be within 5.00 plus or minus of what they are going to take out please give me some advice or help me move forward in ending this debacle i am a single mom and these crooks are robbing me plus i feel the bank is no help either

I will post Missouri laws shortly, but meanwhile, you will not be able to stop them by attempting to block them. When you said they are crooks, you are correct, and they are ruthless. You need to close your account asap, but first, go and open a new account elsewhere, after you have your account closed, send a C&D letter, with a wage assignment and ACH revocation, then give a copy to your employer (payroll). Read the link below before closing your account! ount.html

Sub: #1 posted on Mon, 07/28/2008 - 06:43

Shazzers Shazzers
Moderators Cum Industry Expert
(Posts: 17342 | Credits: 1592.88)

Missouri State Information

Legal Status: Legal

Mo. Rev. Stat. ???? 408.500 et seq.; 4 Mo. Code Regs. ???? 140-11.010, 140-11.020

Loan Terms:
Maximum Loan Amount: $500
Loan Term: 14-31 days
Maximum Finance Rate and Fees: Not Specified (No borrower shall be required to pay a total amount of accumulated interest and fees in excess of 75% of the initial loan amount on any single authorized loan for the entire loan term and all authorized renewals. Otherwise, interest is set pursuant to small loan law which provides that parties may set rate by contract.)
Finance Charge for 14-day $100 loan: $75
apr for 14-day $100 loan: 1980%

Debt Limits:
Maximum Number of Outstanding Loans at One Time: Not Specified
Rollovers Permitted: Six (borrower must reduce principal amount of loan by 5% or more upon each renewal)
Cooling-off Period:
Repayment Plan:

Collection Limits:
Collection Fees: NSF fee; Collection costs (including court costs and reasonable attorney's fees) Licensee cannot use a series of ACH transactions to collect a single check.
Criminal Action: Prohibited (Unless check returned due to closed account or stop-payment by maker)

Where to Complain, Get Information:
Regulator: Missouri Division of Finance
Address: Consumer Credit Section, P. O. Box 716 301 W. High Street Jefferson City MO 65102
Phone: (573) 751-3242
Fax: (573) 751-9192
Regulatory Contact: Joe Crider,, Supervisor, Consumer Credit

Sub: #2 posted on Mon, 07/28/2008 - 06:44

Shazzers Shazzers
Moderators Cum Industry Expert
(Posts: 17342 | Credits: 1592.88)

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