NOTE: These 5 accounts apparently were purchased by National Credit
Adjusters. The total amount borrowed from these 5 PDLs is $1350. The
total amount paid back on these 5 PDLs is $1650. NCA claims we owe a
total of $2100 on these 5 PDLs. NCA has offered to deduct 25% ($525)
from the $2100 if we make a one-time payment very soon. Do I pay the
$1575 making our repaid total $3225 on a loan total of $1350?
6) Ameriloan: Borrowed 300; Paid 360 7) a2bcash: Borrowed 400; Paid 496 8) United Cash Loans: Borrowed 300; Paid 360 9) Eagle Finance: Borrowed 100; Paid 107.50 10) Payday Online: Borrowed 250; Paid 400 (My wife set up a payment
plan with this PDL after they had already deducted $300 from her bank
account. We have paid an additional $100 on the payment plan for a
repaid total of $400. They claim we still owe $320. Do I continue to
pay the agreed upon $50 every two weeks?
**Amount listed as paid to each of the last 3 PDLs is the KNOWN amount.
The TOTAL amount paid is questionable as there were some deductions from
my wife's account that I could not match (with certainty) to these
PDLs. Here is that list of deductions, and my assertions:
a) Big ACH: $80 (5/23/08), $75 (6/6/08), $65 (7/3/08). Looking past
the common use of "Big" I assume these belong to Big Limited Loan - the
6/20/08 payment date missing here shows up under Big Limited Loan
payment on bank statement as a $70 payment. If true: total paid to Big
Limited Loan is $290.
b) IC Endless Summer Payday Loans: $90 (5/23/08). Looking past the
initials "IC" I assume this is Impact Cash. Loan received from Impact
Cash on 5/6/08. First KNOWN payment on bank statement is 6/6/08, one
month after loan was issued. The "IC" payment date of 5/23/08 fills in
the missing 5/23/08 Impact Cash payment date and fits with the pay
structure I see in all of the other PDLs. If true: total amount paid to
Impact Cash Payday Loans is $360.
c) Payday Payments: $135.98 and $135.98 both on 5/23/08. I assume these
belong to Cash Supply for the simple reason that there is nothing left
to match them to. If true: total amount paid to Cash Supply is
$571.96.
Any and all help on this matter is greatly appreciated. My wife signed
up for only two PDLs and ended up with thirteen. We were separated at
the time of these occurrences but have since reconciled. I want nothing
more than get these things out of my head. I can only imagine what she
was going through for 2+ months on her own. How do we make people aware
of the dangers of PDLs BEFORE they can wreck a person's sanity?
Also - my wife was threatened with fees of $15,000 and jail time if she
did not fax an admission of fraud and her debit card information for
$735, the amount she supposedly owes. I called the number
(310-775-9069) and gave them a large and vocal piece of my mind. They
left messages (three or more times a day) saying they are from United
Legal Processing Division but did not and would not identify themselves
when I called them. I was passed around to at least five different
Indian-accented men within five minutes, each one more belligerent than
the last. They hung up on me twice telling me that only God can help me
now. Thanks to all those who posted their stories involving this
number.
Sub: #3 posted on Sun, 08/10/2008 - 09:23
Unregistered
Quote:
Wisconsin State
Information
Legal Status: Legal
Citation: Wis. Stat. ???? 138.09
Loan Terms: Maximum Loan Amount: Not Specified Loan Term: Not Specified Maximum Finance Rate and Fees: No Limit Finance Charge for 14-day $100 loan: No Limit apr for 14-day $100 loan: No Limit
Debt Limits: Maximum Number of Outstanding Loans at One Time: No Limit Rollovers Permitted: Not Specified Cooling-off Period: Repayment Plan:
Collection Limits: Collection Fees: $15 NSF fee if check returned due to no account open at
bank, insufficient funds or insufficient credit. Check presentment
limit: two times. Criminal Action: Prohibited (per Wisconsin worthless check law, a check
given to secure a loan isn't "worthless")
Where to Complain, Get Information: Regulator: Wisconsin Department of Financial Institutions Address: Wisconsin Consumer Act Section, P.O. Box 8041 Madison WI
53708 Phone: (608) 261-9555 Fax: (608) 261-7200 Regulatory Contact: Paul Egide,, Consumer Act
Director
Hello
firstwizard and welcome to the community, first of all I am moving this
to the payday loan section so it will receive more attention, then I
will post your laws. We will need additional information though in order
to help you plan a course of action, we will need to know how much you
borrowed, and how much you have paid back so far. Hang in there and I
will post your laws. :)
My
wife has a bunch of them: ameriloan, a2bcash, Big Limited Loan, Cash
Supply, Eagle Finance, Impact Cash, United Cash Loans, CMG Group, TJF
Group, DJR Group, Vince Enterprises, SSM Group. All were transacted
online.
Someone will be along to advise you there us a way to
check it out but I can't remember the agency that handles this. There
are alot of members on here and someone will help you. What is the name
of the pdl that will help and if this is an interent pdl or store
front.
This means that it is possible some of the loan companies are legal companies. They would only need to be licensed in a US state for them to be legal.
Sub: #1 posted on Wed, 08/13/2008 - 20:11
(Posts: 7936 | Credits: 1224.92)
Sub: #2 posted on Sun, 08/10/2008 - 09:30
(Posts: 22 | Credits: 5.18)
1) CMG Group: Borrowed 200; Paid 240
2) DJR Group: Borrowed 250; Paid 300
3) SSM Group: Borrowed 300; Paid 360
4) TJF Corp: Borrowed 300; Paid 360
5) Vince Enterprise: Borrowed 300; Paid 360
NOTE: These 5 accounts apparently were purchased by National Credit Adjusters. The total amount borrowed from these 5 PDLs is $1350. The total amount paid back on these 5 PDLs is $1650. NCA claims we owe a total of $2100 on these 5 PDLs. NCA has offered to deduct 25% ($525) from the $2100 if we make a one-time payment very soon. Do I pay the $1575 making our repaid total $3225 on a loan total of $1350?
6) Ameriloan: Borrowed 300; Paid 360
7) a2bcash: Borrowed 400; Paid 496
8) United Cash Loans: Borrowed 300; Paid 360
9) Eagle Finance: Borrowed 100; Paid 107.50
10) Payday Online: Borrowed 250; Paid 400 (My wife set up a payment plan with this PDL after they had already deducted $300 from her bank account. We have paid an additional $100 on the payment plan for a repaid total of $400. They claim we still owe $320. Do I continue to pay the agreed upon $50 every two weeks?
11) Impact Cash Payday Loans: Borrowed 300; **Paid 270 (three $90 payments: (6/6/08, 6/20/08, 7/3/08)
12) Big Limited Loan: Borrowed 200; **Paid 70 (one payment: 6/20/08)
13) Cash Supply: Borrowed 500; **Paid 300 (two $150 payments: 6/23/08, 7/3/08)
**Amount listed as paid to each of the last 3 PDLs is the KNOWN amount. The TOTAL amount paid is questionable as there were some deductions from my wife's account that I could not match (with certainty) to these PDLs.
Here is that list of deductions, and my assertions:
a) Big ACH: $80 (5/23/08), $75 (6/6/08), $65 (7/3/08). Looking past the common use of "Big" I assume these belong to Big Limited Loan - the 6/20/08 payment date missing here shows up under Big Limited Loan payment on bank statement as a $70 payment. If true: total paid to Big Limited Loan is $290.
b) IC Endless Summer Payday Loans: $90 (5/23/08). Looking past the initials "IC" I assume this is Impact Cash. Loan received from Impact Cash on 5/6/08. First KNOWN payment on bank statement is 6/6/08, one month after loan was issued. The "IC" payment date of 5/23/08 fills in the missing 5/23/08 Impact Cash payment date and fits with the pay structure I see in all of the other PDLs. If true: total amount paid to Impact Cash Payday Loans is $360.
c) Payday Payments: $135.98 and $135.98 both on 5/23/08. I assume these belong to Cash Supply for the simple reason that there is nothing left to match them to. If true: total amount paid to Cash Supply is $571.96.
Any and all help on this matter is greatly appreciated. My wife signed up for only two PDLs and ended up with thirteen. We were separated at the time of these occurrences but have since reconciled. I want nothing more than get these things out of my head. I can only imagine what she was going through for 2+ months on her own. How do we make people aware of the dangers of PDLs BEFORE they can wreck a person's sanity?
Also - my wife was threatened with fees of $15,000 and jail time if she did not fax an admission of fraud and her debit card information for $735, the amount she supposedly owes. I called the number (310-775-9069) and gave them a large and vocal piece of my mind. They left messages (three or more times a day) saying they are from United Legal Processing Division but did not and would not identify themselves when I called them. I was passed around to at least five different Indian-accented men within five minutes, each one more belligerent than the last. They hung up on me twice telling me that only God can help me now. Thanks to all those who posted their stories involving this number.
Sub: #3 posted on Sun, 08/10/2008 - 09:23
Legal Status: Legal
Citation:
Wis. Stat. ???? 138.09
Loan Terms:
Maximum Loan Amount: Not Specified
Loan Term: Not Specified
Maximum Finance Rate and Fees: No Limit
Finance Charge for 14-day $100 loan: No Limit
apr for 14-day $100 loan: No Limit
Debt Limits:
Maximum Number of Outstanding Loans at One Time: No Limit
Rollovers Permitted: Not Specified
Cooling-off Period:
Repayment Plan:
Collection Limits:
Collection Fees: $15 NSF fee if check returned due to no account open at bank, insufficient funds or insufficient credit. Check presentment limit: two times.
Criminal Action: Prohibited (per Wisconsin worthless check law, a check given to secure a loan isn't "worthless")
Where to Complain, Get Information:
Regulator: Wisconsin Department of Financial Institutions
Address: Wisconsin Consumer Act Section, P.O. Box 8041 Madison WI 53708
Phone: (608) 261-9555
Fax: (608) 261-7200
Regulatory Contact: Paul Egide,, Consumer Act Director
Sub: #4 posted on Sun, 08/10/2008 - 04:28
Moderators Cum Industry Expert
(Posts: 17342 | Credits: 1592.87)
Sub: #5 posted on Sun, 08/10/2008 - 04:27
Moderators Cum Industry Expert
(Posts: 17342 | Credits: 1592.87)
Sub: #6 posted on Sun, 08/10/2008 - 02:24
(Posts: 22 | Credits: 5.18)
Sub: #7 posted on Sun, 08/10/2008 - 02:11
(Posts: 2757 | Credits: 282.45)