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possible overpayment of PDL's in Arizona

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I was wondering if you could help me, I believe that I have overpaid a couple of my loans and want to see if anyone has suggestions on if I can end my debt with them because of it or event request a refund. I live in Arizona.

Zipcash (internet) initial loan $300 total payout $1065

MTE Financial Credits (it was orginially 500fastcash- internet) initial loan $300 total payout so far $910

World Wide Cash (internet) initial loan $200 total payout so far $445

I also have one through Loanshop Highland (internet) initial loan $300 and I have paid $180. On this can I tell them my state limits so that they will lower the fee and use it towards my balance?

thanks for your help.

Welcome! It sure does look as if you have overpaid these loans. As for the one that is not yet overpaid I would definitely try to keep it that way as getting a refund can be difficult. Someone will be along to post and interpret your state laws for you. Until then, hang tight.

Sub: #1 posted on Fri, 07/18/2008 - 06:27

llw1995 llw1995

(Posts: 1422 | Credits: 149.03)

I had world wide cash, I sent them a c&d letter asking for a refund because I had overpaid by about $800...they never responded & seemed to drop off the face of the earth...I have yet to hear anything from them at all (knock on wood)

Everyone on this site is very helpful & knowledgeable, with a little patience you will be able to end the cycle :D

Congrats LLW!!

Sub: #2 posted on Fri, 07/18/2008 - 20:05

dawnlango7 dawnlango7

(Posts: 1147 | Credits: 48.27)

Welcome, bigred! You can check this link to see if your PDL laws are listed: dls-laws.html

Sub: #3 posted on Sat, 07/19/2008 - 03:20

alias1958 alias1958

(Posts: 1230 | Credits: 79.88)

Well I just sent of a letter to Zipcash stating my account is paid in full and I want a refund of $500.25 (not holding my breathe but....) and one to World wide cash stating my account is now paid off according to my state laws and they owe me $68.50. I told them both I would like the money in my account by August 4th- we will see how quickly they like to put it back because we all know they are quick to take it out. I am still looking for where to send one loan that comes up MTE financial credits on my bank account. I don't have any contract for that company so I don't remember thier name. I know that is my fault but I have way overpaid them as well.
Thanks for the support and cross your fingers!

Sub: #4 posted on Tue, 07/29/2008 - 03:13


I got an email back today from World Wide Cash and they have agreed to my terms and are awaiting the manager's return to see if I can get a refund. No word from Zipcash. I finally reached MTE and recieved the attached note back from them. What idiots! I have responded to them with a request for a copy of the loan documents. I can't believe they say I am trying to get out of my debt. I have paid them $900+ dollars for a $300 loan!

FAX: 866-668-0535

Email: [email]compliancedepartment@mtefs. com[/email]


July 29, 2008

Kristina Watts

2532 N. Central Dr.

Chandler, AZ 85224

Email: [email][/email]

RE: Your Complaint

Ms. Watts,

We have received and reviewed your correspondence regarding your complaint with the company.

While the information that you have collected may apply to companies that have physical locations in your state, it is our opinion that it does not apply to our internet business model. This is based on sound advice from our legal department. In addition, the Legal Disclosures provided for customer reference at our website state the following:

Regardless of where you may be viewing or accessing this site, you as the borrower are responsible for complying with any local statutory obligations that may exist in your state or area with respect to this transaction. The Federal laws governing this consumer loan agreement may differ from the laws of the state where you reside. If you do not want to enter into a consumer loan agreement with us under our terms, then you should apply for a loan at a provider located in the state where you live.

Based on the information supplied in your complaint, it is evident that the information derived from some sort of form or template, as it does not apply to your particular loan. It is strongly advised that consumers do not fall prey to the contributors of this type of information, as it is not always true, nor does it apply to every circumstance. Often, the information actually incriminates the consumer for not abiding by the laws of the state that they live in. Additionally, any contradiction to a consumer????????s signed loan agreement can actually put them in default. While it is appealing to a consumer to find what appears to be an "easy way out" of their debt, there is no such thing if the debt is substantiated by a legal, signed contract. Using information containing legal jargon that you have not actually researched in an attempt to threaten a company into writing off a balance that you know you owe can actually be harmful to you as a consumer.

The money was lent to you by our company in good faith with the understanding that you would abide by the terms detailed in your loan contract, just as we upheld our end of the agreement by crediting the funds to your account in a timely manner. The Loan Note and Disclosure that you e-signed and thereby agreed to is very detailed and clear so as not to cause any confusion to you, the borrower, and meets all the Truth-In-Lending and Reg Z requirements as prescribed by Federal statute.

Pending resolution of your complaint, no further debits will be made from your account from this date forward.

Due to the fact that you are clearly in a situation that led you to use any information that you could obtain in an attempt to relinquish your debt with our company, and in the interest of good customer service, we have agreed to waive all finance charges currently due on your loan and settle for complete payment of the principal balance owed. It is our hope that this will ease some of your financial burden, as well as avoid further collection efforts that would inevitably ensue should you default on your loan agreement.

We will be prepared to provide you with the information necessary for repaying the $50.00 that remains due on your principal balance, after waiving your $15.00 finance. Payment must be received by you in the form of a Cashier????????s Check or Money Order, as you have revoked our authorization to debit your account. We expect this offer will bring us to an amicable resolution.

Please acknowledge your understanding and acceptance of our proposal if you are in agreement with the offer detailed above, and advise which payment method you will use. Once your acknowledgement/agreement is received, we will provide you with the information needed to make the payment. Once we have received this payment, we will mark your account "Paid in Full."

If your response is not received within seven (7) days of the date of our offer, the offer will become null and void and collection efforts will resume.

Thank you for your time and consideration in this matter.


Compliance Department

Sub: #5 posted on Wed, 07/30/2008 - 22:18


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