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payday scam ?????? i need advice/help

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Posts: 1
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i feel like i am getting scammed by a payday loan company ambassador/nationwide cash internet based payday loan i took out a loan in april for 400.00 and since then have had a total taken out of my account of 805.00 i have taken out many payday loans and have never had to pay back twice as much as i have been loaned something seem wrong please help me

ALL payday loans are SCAMS!!! Good Luck with these jerks......they refuse to mark my account PIF!!!!

Sub: #1 posted on Sat, 07/26/2008 - 23:50


dvy,you need to stop these dopes.if you already haven't close
or put a hard block on your account.this will prevent any debits
from going through.what state are you in?that would also go a
long way to determine your next move.

Sub: #2 posted on Sun, 07/27/2008 - 02:30

paulmergel paulmergel
Moderators Cum Industry Expert
(Posts: 15511 | Credits: 1357.03)

What state are you in?

Sub: #3 posted on Sun, 07/27/2008 - 04:39

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

i am in the state of missouri

Sub: #4 posted on Sun, 07/27/2008 - 05:03


Legal status of payday loans in Missouri: -

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
Regulator Website

Sub: #5 posted on Mon, 07/28/2008 - 16:41

phoenix phoenix
(Posts: 1445 | Credits: 275.44)

I am having "fun" with them right now. I borrowed $400, have paid back $180, and they are expecting another $677.50 from me. Are they still deducting from your account? Good luck with them. I have filed with the AG, BBB, and FTC and am waiting to hear their responses.

Sub: #6 posted on Mon, 07/28/2008 - 17:25

lauramw71 lauramw71

(Posts: 72 | Credits: 13.83)

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