Posted on: 14th Aug, 2007 02:29 am
Hello, have anyone here dealt with loan point usa??
Baller - if the loan didn't go through, contact the company to ensure that they don't have record of it - the account info might have been incorrectly entered on the app, etc -
to those saying they are closing the accounts and not going to pay, PLEASE DON'T DO THIS. What you are doing constitutes as fraud and theft, and they will take legal action against you, including garnishment, leins on property, etc. If you ever apply for another payday loan, be aware that when they get your new account information they WILL debit your new accounts - because the contact you agreed to states they can and it is NOT illegal.
Contact them via phone and set up arrangments - they are very good at working with you and will do what it takes to get your loan paid off quickly.
Also - don't borrow if you do not completely understand what you are doing - READ the contract, TALK to them when they call you to confirm you understand and if anything happens CALL them because they will help you out!!!
Banks aren't lending money and used responsibly payday loans are a great way to get through a short term cash crisis. Don't blame the lender for your lack in consumer responsibility because it doesn't matter how many times you complain, they have the legal ground because you signed the contract.
GOod luck everyone.
to those saying they are closing the accounts and not going to pay, PLEASE DON'T DO THIS. What you are doing constitutes as fraud and theft, and they will take legal action against you, including garnishment, leins on property, etc. If you ever apply for another payday loan, be aware that when they get your new account information they WILL debit your new accounts - because the contact you agreed to states they can and it is NOT illegal.
Contact them via phone and set up arrangments - they are very good at working with you and will do what it takes to get your loan paid off quickly.
Also - don't borrow if you do not completely understand what you are doing - READ the contract, TALK to them when they call you to confirm you understand and if anything happens CALL them because they will help you out!!!
Banks aren't lending money and used responsibly payday loans are a great way to get through a short term cash crisis. Don't blame the lender for your lack in consumer responsibility because it doesn't matter how many times you complain, they have the legal ground because you signed the contract.
GOod luck everyone.
This company charges a $150 "extension fee" which will take $300 or more from your account each month for a $400 loan. If you try to block them they will change the amount by a few pennies and continue to deduct!! I have paid them over $1100 on a $400 loan and they still are asking for $400 to be paid in full, even though they deduct $300 or more from my account each month! I had to close my account and file an consumer complaint against them!
Don't make the same mistake I did. They continue to take money from your account even after you have paid your loan in full. I filed a complaint with the Better Business Bureau against them.
hriley, you need to go to your banking department in the state government to get this taken care of. bbb might work on your behalf and help you be refunded some money, but the banking department will put fear into their behinds and they'll act faster, one would hope.
i trust you moved your money out of that account in the meantime.
i trust you moved your money out of that account in the meantime.
i got a loan for 600.00 that was months ago...i`ve now paid them at least 11 payments of 180.00...all other payday loan companys i have dealt with put so much on the principal each time till it is all paid back...when i e-mailed them they said to call...every time i try to call the line is busy
debra, don't you think it's high time you stopped paying them? you've paid $1980 back on a loan of $600? don't you think you've been ripped off enough yet?
if you can't get through to them and you stop making these payments, they'll contact you one way or the other if they feel the need to receive more money from you.
it would be a very wise thing to close out any bank accounts that they are aware of and which they may be taking funds from. you can even keep the same bank and expressly state that no withdrawals are allowed except by yourself at all times. your bank/credit union can fill you in on the method by which you can do this.
if you can't get through to them and you stop making these payments, they'll contact you one way or the other if they feel the need to receive more money from you.
it would be a very wise thing to close out any bank accounts that they are aware of and which they may be taking funds from. you can even keep the same bank and expressly state that no withdrawals are allowed except by yourself at all times. your bank/credit union can fill you in on the method by which you can do this.
I recived a loan from them then two months later i lost my job i called them and told them i didnt have a job any more now they wont leave me alone I am unable to pay it back
peapod, i understand your position, but you have to recognize that the loss of your job doesn't suddenly void your obligation to repay the debt. it's annoying, unpleasant and disruptive to get phone call after phone call from a creditor (or creditors), but they're simply doing their jobs. you promised to pay back, and i'm sure you will when you have the funds to do so, but they must make every effort to work out a deal with you or to persuade you to send them whatever you can whenever you can.
for you to have told them you're not working is a terrific thing to do. most collectors will take that information and cease the calls for a specified period of time...not all, of course, but it's worth being on the level with them.
for you to have told them you're not working is a terrific thing to do. most collectors will take that information and cease the calls for a specified period of time...not all, of course, but it's worth being on the level with them.
My husband not knowing what he was getting into with this company has completely been ripped off. He borrowed during a time of our need thinking he was helping out our family during the time I was unemployeed. He borrowed $600 and has already paid back more than $1500. Under the advisement of our bank, they have told us to close out our account and reopen a new one, and they are assisting us with filing a complaint with the attorney general against them.
DO NOT USE LOAN POINT USA! DON'T DO IT!
My husband took out a $500 loan from them in June of '09. They took $250 out of each of his paychecks. 3 total withdrawals, one being the money they charge for taking the loan out. So when the $750 was taken out my husband assumed it was paid back.
Fast forward to this year and we get a letter in the mail from lawyers saying we owed $1250 to Loan Point USA. So we call them and they say that because we didn't make payments online we kept getting charge because to them the loan wasn't paid in full. So on top of paying back the original $500 and the extra $250 we then supposedly somehow owe them $1250.
The lawyer knocked it down to owing $500 and said we'd be square but basically that means my husband took out a loan for $500, paid back that $500 and then had to pay an EXTRA $750.
This "business" is criminal. They ought to be sued. Do not use them unless you feel like throwing your money away. You might as well just take it and flush it down the toilet.
My husband took out a $500 loan from them in June of '09. They took $250 out of each of his paychecks. 3 total withdrawals, one being the money they charge for taking the loan out. So when the $750 was taken out my husband assumed it was paid back.
Fast forward to this year and we get a letter in the mail from lawyers saying we owed $1250 to Loan Point USA. So we call them and they say that because we didn't make payments online we kept getting charge because to them the loan wasn't paid in full. So on top of paying back the original $500 and the extra $250 we then supposedly somehow owe them $1250.
The lawyer knocked it down to owing $500 and said we'd be square but basically that means my husband took out a loan for $500, paid back that $500 and then had to pay an EXTRA $750.
This "business" is criminal. They ought to be sued. Do not use them unless you feel like throwing your money away. You might as well just take it and flush it down the toilet.
Have you engaged any legal assistance in regard to this? You are well-advised to do so in order to kill any further requests for money. You can always turn to your state's attorney general's office for information on how you can beat this foolishness.
At my last job in accounting the co. I worked for used PayPointUSA to process transactions. They were amazing. We switched to them after out other processing co. double charged some clients then didnt charge others at all. I have since looked in to their small buisness loans and am impressed though I have not acctually taken on a loan with them....yet but because of the very positive previous experience when the time comes they are who im going to be calling on.... I hope that helps!
ive been aproved and did not grt the money
Hi james!
Welcome to forums!
If you've completed the loan application process in full, then you will be getting the mortgage. You should contact your lender and ask him to originate the mortgage asap.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If you've completed the loan application process in full, then you will be getting the mortgage. You should contact your lender and ask him to originate the mortgage asap.
Feel free to ask if you've further queries.
Sussane
Sussane, we are not discussing mortgage loans on this thread. These are, apparently, personal loans.