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PDL help in Alabama - FLORENCE

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I received a loan from loan point usa for $300. I had $90 taken from my checking account (which they said did not go toward my balance but only served as an extension) every two weeks x 3 payments before I ended up overdrawn and had to close my account. I called them to make arrangements for another method of payment, but was told they would not accept western union payments until my account had either been closed or charged off. During the next 3-4 weeks they have attempted to debit my account for 6 more $90 payments to bring my total balance of loan to $900. Is this right? I live in Alabama- FLORENCE They said if I sent them 4 payments of $150 they would subtract $300 from balance. Please help me. They sent me an e-mail saying that they were getting ready to render a decision that would affect me directly and to call them.

Lisa please post this under the "Pay Day Loan Help" section so it will be visible to everyone for reply. Just copy and paste what you have already written and give it a title like: Need Payday Loan Help in Alabama. I will post the laws for Alabama when I see your thread!

Sub: #1 posted on Fri, 10/05/2007 - 01:26

Frogpatch Frogpatch
Moderators Cum Industry Expert
(Posts: 5381 | Credits: 652.52)

Looks like a Mod switched it over so I'm going to put my two cents in here.

First of all Loan Point, is funded by Geneva Roth, and them I've dealt with. I've received that "render decision" email often. Now once Frogpatch or someone puts up the laws for Alabama we can go into a few of those details.

But for now, thank goodness you've closed your account. Do you have any other PDLs debiting?

So they've taken out $270 right? Well what is the most likely case is that you don't owe them more than $30.

Actually I'll go check out the laws, and if no one has posted before I get back then I'll post them and we can get further into this....

Sub: #2 posted on Fri, 10/05/2007 - 02:28

pokogeo pokogeo

(Posts: 571 | Credits: 100.51)

Okay for some reason I can't post it because of the spam filter finds a product word in it........ Although there are none...

Sub: #3 posted on Fri, 10/05/2007 - 02:34

pokogeo pokogeo

(Posts: 571 | Credits: 100.51)

Okay well Loan Point broke the rules in that only one roll over is allowed in Alabama. And I checked the Licensee database and Loan Point nor Geneva Roth come up.

So they are illegal. First you need to send them a letter. You can click the do it yourself button at the top of this page, search sample letters in the search box or check out my blog to find a letter to write. You will be telling them you are revoking the authorization for automatic debiting of your account, revoking any wage assignment you may or may not have signed and that they are illegal and you only owe them the principal. (which if they've debited $90 3x, then you've paid 270 and only owe 30)

Here is the link at least for the Alabama state laws [www.paydayloanin] and from there are links to file a complaint. File that complaint about them, it will help get this settled. And help to get them stopped from doing any more harm!

Sub: #4 posted on Fri, 10/05/2007 - 02:46

pokogeo pokogeo

(Posts: 571 | Credits: 100.51)

You will find the Payday loan laws for Alabama here (just select your state), dls-laws.html

Sub: #5 posted on Fri, 10/05/2007 - 04:08

goudah2424 goudah2424

(Posts: 7936 | Credits: 1224.94)

Poko - It's the word "Spec ialist"

Another word, "cia lis" is contained in the middle of "spec ialist". That is the spam word it won't let go through . . . You just have to put a space in the middle and it will go through.

Sub: #6 posted on Fri, 10/05/2007 - 04:09

goudah2424 goudah2424

(Posts: 7936 | Credits: 1224.94)

You know I kept looking through it trying to find out where it was hidden, I thought it was split between two words! just couldn't figure out which two... Thanks for clearing that up for me!

Sub: #7 posted on Fri, 10/05/2007 - 04:43

pokogeo pokogeo

(Posts: 571 | Credits: 100.51)

Well, Loan Point USA not only took 3 $90 payments from my checking account, but called me and told me I had to pay 4 payments of $150 to get my balance cleared. I've sent one payment this past Wednesday via Western Union, but I haven't felt right about it. They told me that each time they tried to get payment from my account and the funds werent there, they added that $90 extension fee to my loan bringing it to $900. I just wondered what would happen if I couldn't pay it?

Sub: #8 posted on Sat, 10/06/2007 - 02:42


Well, I sent loan point a payment of $150 via western I wondered if I should send them anymore. I didnt tell them to extend my loan six times that they kept adding $90 each time. Can they do anything to me legally?

Sub: #9 posted on Tue, 10/09/2007 - 19:24


First of all sorry I couldn't get back to you right away....

So you've now paid them 270 and 150 (equalling 420 paid for a 300 illegal loan) . I say that you have paid them enough. Here is where you stand up and take charge.

They are illegal and they can't do jack to you, although they will threaten to. First send them a standard letter. Search under sample letters, I've got one on my blog, and others have some as well. You will need to tell them you are revoking authorization for automatic debiting of your account and revoking any wage assignment you may or may not have signed. Even though they can't take any more out of your closed account, doesn't mean they won't stop trying, and it is nice to have some paperwork to back it up. Also in this letter state how much you have paid, reference the dates they took out money and the reference number on the western union you sent, and that by the state of Alabama your account is considered paid in full. Keep copies of this letter. Send it to them via mail, fax, and email. (when you fax, do it from a place like Kinko's and no place where they know you like your work).

Go and file complaints against them with the state authorities. The link is in the Alabama laws that Goudah posted. Don't forget the BBB and the FTC. Then sit back and wait, once they are contacted by the big guns, they will eventually agree to your letter and send you a PIF.....

And hopefully someone will come along and agree with me, I think that is how it happens..... And hopefully someone will have a good "I've paid you enough" letter....

Sub: #10 posted on Tue, 10/09/2007 - 21:33

pokogeo pokogeo

(Posts: 571 | Credits: 100.51)

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