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getting out...one step at a time...one hair less on my head.

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after many many years of playing with fire, i have decided to cut the apron strings known as payday loans. i have been in an out of this trap for close to 4 years now. i pay off, reloan, stop for a while, reloan...and so the cycle continues.

i am in ohio. my loans are as follows:

ACHLoan: 200, Paid 74
LoanPointUsa: 300, Paid 1080!!!!
OneClickCash: 400, Paid 240
Loan Shop/Hampton: 400, Paid 120
Loan Shop/DMS: 100, Paid 240
ZipCash: 500, Paid 300
Greenlight Funding: 200, Paid 85
CashTransferCenters: 700, Paid 0
PaydayOne: 500, Paid 0
CashnetUSA: 800, Paid 0

I have two storefronts, but am in process of working out payments with them.

I bank with a credit union and they have been VERY helpful in this matter. I was able to go to deposit only, with terms to pay back my negative account.

I spoke with my employer and they have been VERY understanding on making sure any calls/faxes/mail are not bothered with. I have provided them the letters I have/in process of mailing out (certified of course) to each company. My paycheck has been stoppe for direct deposit and my husband has opened an account.

I am trying to take this one day at a time...but it is a bit overwhelming. I have taken the advice on these forums and have drafted all the necessary letters to correspond with each company.

By the way, ZipCash is no longer making loans. What does this mean?

Thank you for your time in reading this post. You have all been so helpful to this almost bald lurker!!




Welcome and congrats on your decision to leave the PDL world behind! Looks like you have done your homework and are on your way to setting things straight. Please keep us posted on your progress and know that if you need assistance someone is always here to help out. Best of luck. Oh. . .and thanks for the tip on Zipcash. . . .as for what it means I am not sure but any day a PDL stops loaning money, is a good day for us!

Sub: #1 posted on Thu, 07/17/2008 - 18:21

llw1995 llw1995

(Posts: 1422 | Credits: 149.03)

so ACHLoan has stated via their customer service that i am bound by ireland, blah blah blah. i resent the same information stating that i am a resident of the US and bound by the laws of my state. i am not a resident of ireland. i asked for a physical address to send my payment for the principal amount, which is $200, less one rolleover of $74, for a total of $126.

i am waiting for the phone calls to start. but i will not be bothered. i am sending all information between myself and this company to the attorney general of ohio.

is there anything else i should do?

Sub: #2 posted on Thu, 07/17/2008 - 18:39

xine1977 xine1977

(Posts: 20 | Credits: 6.15)

You could also file complaints with the BBB and the FTC. Good job on putting them in their place regarding abiding laws! Keep us posted.

Sub: #3 posted on Thu, 07/17/2008 - 19:42

llw1995 llw1995

(Posts: 1422 | Credits: 149.03)

Yes, it is VERY important that you file complaints with the FTC and your Attorney General, all this can be accomplished on line, and most of the links are in my signature. Please file complaints, the more complaints received, the better the chances of getting this madness stopped! :wink:

Sub: #4 posted on Thu, 07/17/2008 - 19:46

Shazzers Shazzers
Moderators Cum Industry Expert
(Posts: 17342 | Credits: 1592.85)

i sent ohio's attorney general the responses back and forth between myself and ACHLoan. hopefully that will be sufficient. i will not go to the FTC to make the same complaints.

ACHLoan says they will continue to ACH my account. it doesn't matter. the account is deposit only right now anyway. good luck to them. they consider my reponses "closed" and won't be responding back. i will keep hitting them up though.

i sent an email to LoanPointUSA this morning and haven't heard back. how long does it normally take?

i feel a bit sadistic with this pressure off my back.

Sub: #5 posted on Thu, 07/17/2008 - 19:51

xine1977 xine1977

(Posts: 20 | Credits: 6.15)

May I ask why you don't want to fill out a complaint with the FTC? IMO it's important they are informed. The more information they (FTC) receive about illegal pdl's, the better.

It varies from pdl company to pdl company, most likely what is happening they are forwarding to your emails to someone higher up, you'll hear from them, no worries about that. lol

Sub: #6 posted on Thu, 07/17/2008 - 20:01

Shazzers Shazzers
Moderators Cum Industry Expert
(Posts: 17342 | Credits: 1592.85)

i meant to say that i would go fill one out with the FTC. just did. i put "nots" in the wrong places sometimes. :D

Sub: #7 posted on Thu, 07/17/2008 - 20:09

xine1977 xine1977

(Posts: 20 | Credits: 6.15)

xine, have you sent Cash Transfer Center a letter revoking the wage assignment? They will send one to your employer for sure. Just wondering if you already covered that. :wink:

Sub: #8 posted on Thu, 07/17/2008 - 20:16

cannr cannr

(Posts: 9317 | Credits: 1298.43)

Thanks so much, I really advocate people do this! :)

Sub: #9 posted on Thu, 07/17/2008 - 20:16

Shazzers Shazzers
Moderators Cum Industry Expert
(Posts: 17342 | Credits: 1592.85)

i have not sent one to CTC yet. i have not defaulted with them currently, but will next tuesday. i plan on sending them the revocation for wage assignment either tomorrow or saturday via certified mail, fax, and email.

my only question is what does it take to send something out of the country? i haven't ever mailed anywhere outside the US.

i appreciate everyone's support and advice. it really has helped me stay focused in getting these taken care of once and for all.

Sub: #10 posted on Thu, 07/17/2008 - 20:25

xine1977 xine1977

(Posts: 20 | Credits: 6.15)

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