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I live in New York state....... took out pay day loan

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Today I received a phone call from Cash Unlimited.....
1] The man I spoke to was rude and horrible manners... and customer service.
2} Demaning I make payment from a loan I took out in 2005
3} I have paid on this on loan
4} In the mean time I had closed my account {several years ago} and of course don't have the proof of payments... { I know I can call the bank and get my statements from 2005.}
5} This business Hasn't bothered to contact until 2008... WOW!
6} Know my balance is $5000.00 ....... JEEPERS
7} They said I can make a lump sum payment of $600.00... therefore I told them that I wanted to do my research on this.
8} I am home know and searched and searched my records and to my knowledge I don't have this company listed anywhere.... further more this company couldn't even give me a REFERENCE # to go..... odd???


I have had Pay loans with
500 fast cash
Unitedcash loans
United Legal Corp.
Nationwide
Cri

Which I know all of these I have over paid... after reading all these blogs... All of these threating calls at home and work- thought the solution was to pay them off--- way more then what I took the loans out for--- and my family struggled from week to week until I did so....

My point is know.... What do I do about this other company...
I fixed my Outlook express tonight and found some old emails... dated back to 04/12/2006 to 07/25/2006 to this company
c2-1966061-CashToday Ltd Investigations
using this number 1-877-486-0137 or email us on "investigations@Cash2day4u.com"
and the number i got today was 1-877-290-5259

They want a phone call by 10 AM tomorrow..........

WHAT DO I DO?

oh and they told me they were going to contact my payroll dept and start getting money from my pay checks... There fore this afternoon I went and spoke to H.R. person and she was AMUSED!

HELP ME!




First off, Welcome! Secondly, I can tell you that PDLs are prohibited in New York State. I don't know how long that law has been in effect, or if it even matters in this case. Perhaps you could clarify a few things. You state that you got a call from Cash Unlimited. You also state that you have emails regarding a cash2day4u. Is this one in the same PDL with a name change or are they do entirely different situations? You also list several other PDLs but I am assuming that they have been paid in full? Also, did you pay this particular PDL in full or is there still monies owing on that debt? Actually, it's pretty typical for them to not have too many facts. It has been my experience that the left hand doesn't know what the right hand is doing in the PDL world. If it were me, and I am "need to know" type of person, I would call the number given to me, ask to speak with a supervisor, and demand to know exactly who sent this phone call my way. My belief is that I can't adequately defend myself against an unknown factor. Once you have the facts (if they are even able to provide you with them) then you can go about a course of action. You have informed your HR department of the situation and they are well aware of what could happen. You could put something in writing to them revoking any wage assignments that should come their way. As far as a wage garnishment that can't be honored without benefit of a court document and I hardly think that will be happening any time soon. They can't even figure out who they are squeezing you for,much less go to court and present a valid case. I hope this helps some. Once you have this info and you need additional help please come back for it. Good luck and keep us updated.

Sub: #1 posted on Thu, 07/17/2008 - 19:12

llw1995 llw1995

(Posts: 1422 | Credits: 149.03)

1.} OTHER pdl'S I HAVE HAD AND PAID IN FULL....
2} THAT COMPANY I HAVE NO RECORDS OFF - ONLY THE OTHER COMAPNY- I AM ASSUMING HAND IN HAND COMAPNY ONLY CUZ OF PHONE NUMBER ALMOST ALIKE.
3} I GUESS I'D HAVE TO PULL BANK STATEMENTS AND SEE WHAT THE AMOUNT OF DEPOSIT WAS THEY LENT ME AND HOW MUCH I PAID BACK TO THEM?? CUZ I DIDN'T SAVE ANY RECORDS.
4} I CAN'T AFFORD TO PAY THAT AMOUNT OFF.... OR 600.00 LUM SUM
5} OR I CAN GO W/ THERE PAY OPTIONS AND IT WOULD BE 1200.00 I'D END UP GIVING THEM....

** THEY WERE NOT GIVING ME ANY INFO I REQUESTED AND I WAS GETTING SO UPSET.......

ITS 10 AM AND I AM SURE MY PHONE WILL BE RINGING!

Sub: #2 posted on Thu, 07/17/2008 - 19:30

Unregistered


You need to find out how much the loan was for, and how much you repaid on it. Does the PDL have a website that perhaps you have access to? If so, that would show what you borrowed and the remaining balance. Don't pay or agree to pay anthing until you know EXACTLY what you borrowed and what you have paid back. Maybe your bank can research the deposit and the debits to the loan. You may have to put up with the phone calls in the meantime but I would just tell them that you are having your bank research the transactions before you go further. Keep us posted.

Sub: #3 posted on Thu, 07/17/2008 - 19:37

llw1995 llw1995

(Posts: 1422 | Credits: 149.03)

Also, I guess you could ask them to validate the debt but I am not sure how that works. Maybe someone else can help with that to determine whether it applies here or not.

Sub: #4 posted on Thu, 07/17/2008 - 19:40

llw1995 llw1995

(Posts: 1422 | Credits: 149.03)

It's Cash 4 You. Those jerk offs. No, there is no website for these illegal overseas bozos. This is most likely a "verbal agreement" - no paperwork - which is why you can't find documentation on it. These guys are the worst. They will call you 1,000 times a day (even if you tell them you are DEAD) and say illegal things and give illegal threats. They can do NOTHING. As long as they can no longer access your bank account, you're good. The only downfall to these bozos is that they will (believe me) call you until you're 90. They will call your work (I lied and said I don't work there) they will call your home phone, they will call your cell phone (I changed my number finally). They are relentless. However, they are so incredibly illegal, it's not even funny. Do NOT stress over these guys. You need, need, need to file complaints on them. File with the BBB, your state AG, and especially with the FTC. They are very interested in these guys.

Sub: #5 posted on Thu, 07/17/2008 - 20:22

cannr cannr

(Posts: 9317 | Credits: 1298.43)

LET ME TELL YA I SEARCHED AND SEARCHED LAST NIGHT DUG IN SPOTS I FORGOT ABOUT LIKE I SAID FIXED MY OLD OUTLOOK EXPRESS-- PUZZLED AND STRESSED.... MY TWO LITTLE CHILDREN WERE WONDERING WHY MOMMIE WAS TEARING THE HOUSE APART..... FRUSTRATED AND STILL ANGER W/ THOSE PEOPLE.
ANY ADVISE WHAT I SHOULD DO BESIDES THE INFO YOU PROVIDED ABOVE? DO I SEND THEM A LETTER... I LOOKED ON LINE AND I CAN'T EVEN FIND A WEB. PAGE FOR THEM.... BESIDES THE INFO I GOT BACK IN 2005..... NO ADDRESS JUST THAT EMAIL LINK......

Sub: #6 posted on Thu, 07/17/2008 - 21:00

Unregistered


Ah cannr, that's what I love about your posts. They make me laugh. How many times have I told you that? Thanks for jumping in and clarifying just who these yahoos are. I couldn't find much on them so I wasn't sure who was who. I tend to be a tad bit of a troublemaker and I don't like waiting. That is why I just went after all my PDLs and didn't give them a chance to make me wait. In the end it paid off for me and I don't even give them a second thought any longer, except for when I come on the board (which is pretty frequently now that school is out) and I see just how miserable they are making people. . . .still. On a side note, if there is no paperwork, then I guess that would explain just how sloppy they are and why they can't find anything to connect them up to anything or anybody. Why can't they just go away!

Sub: #7 posted on Thu, 07/17/2008 - 21:01

llw1995 llw1995

(Posts: 1422 | Credits: 149.03)

W/ A NEW NUMBER 1/800/670/4075......

I HAVE THAT EMAIL ADDRESS SHOULS I JUST SEND A LETTER - IF SO WHAT KIND OF LETTER

Sub: #8 posted on Thu, 07/17/2008 - 21:44

Unregistered


Like cannr said, they don't have a website as they are offshore and illegal. Do you have any idea what you borrowed or what you paid back? I would send a letter stating that they are illegal, including the laws for New York State just so they know and that, morally, you are not obligated to repay anything more than you borrowed. Let them itemize what they feel you owe them and how the figure came about. Here's the state law if you need it.

New York State Information

Legal Status: Prohibited

Citation:
Licensed lender law applies but interest rate is that agreed to by contract. N.Y. Banking Law ???? 340 et seq. A check casher licensee cannot make loans nor cash or advance any moneys on a post dated check unless it is a payroll check. N.Y. Banking Law ???? 373. Criminal law sets the usury cap at 25%. N.Y. Penal Code ???? 190.40.

Small Loan Rate Cap
25% per year

Where to Complain, Get Information:
Regulator: New York State Banking Department
Address: One State Street New York NY 10004
Phone: 1-877-BANK-NYS
Fax:
Regulatory Contact: Regina A. Stone Deputy Superintendent
Regulator????????s Website
Complaint Form
Complaint Instructions

You can copy it over into your letter. Hopefully they will come back with a PIF. Meantime, I would seriously try and find out what was deposited into your account and how much they debited on that same amount. It may take your bank some time to locate it, but I am sure they can get it for you. You might want to speak with the ACH department at your bank. I am assuming you will email as that is the quickest way to get it to them. You can hard copy it if and when you have a physical address. Keep us posted.

Sub: #9 posted on Thu, 07/17/2008 - 21:57

llw1995 llw1995

(Posts: 1422 | Credits: 149.03)

I don't know if it applies to your situation, but I would send a letter with the following points:
    It has come to my attention that you are an illegal unlicensed company
    request validation of the debt
    verification of license to lend
    proof of any payments made to you toward principle or fees
    revoke any and all ach authorization
    revoke any wage assignment agreement you may or may not have signed
    inform them that you will be contacting the BBB and the attorney general for your state.
    cease and desist

      I would also follow through. Contact the attorney general, explain the situation, explaint that they are refusing to provide documentation. Either way, don't agree to send any kind of payment, and don't say anything that can be considered an acknowledgement of the debt.
      I am certainly not the most knowledgeable person here, but I"m sure someone who knows a little more about this place or your state laws will provide better suggestions and info. :)
      Jen

Sub: #10 posted on Thu, 07/17/2008 - 22:08

jennifer_bailey75 jennifer_bailey75

(Posts: 154 | Credits: 19.82)

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