Latest Posts
Home > Ask The Get Out of Debt Experts > My 80 Year Old Father Feels Victimized by e-payday-loan.com – Shannon

My 80 Year Old Father Feels Victimized by e-payday-loan.com – Shannon

“Dear Steve,

I am asking for my father. He is 80 on ss and recently applied for a payday loan. Which resulted in about 4 loans and one which the documents he signed and everything on there website states that for $350 he would repay interest of $105.

They sent a email to him that said he was approved for the loan and did he accept the terms he typed back yes .

When reviewing I noticed the terms on the email are different than the terms on the loan. Here is a copy of the last email I correspondence with them. Now they just want to talk to him on the phone and I have told him NO.

Here is the email I sent for him and what they sent back

To: [email protected]
Cc: Enida

I am Bill [redacted] last 4 of social [XXXX]. I thought it was a typo at first but never thought I would feel discriminated against because of my age?

Or do you do everyone like this hoping they don’t notice?

Why are the papers that I signed and the terms of my loan different than what you are wanting to take out of my account? Why would you take a $175.00 when everything I signed and everything on your website states that for $350.00 the pmt is $105.00. The email I received said $175.00 and online my account says $175.00. I am looking at my agreement and it clearly states $105.00.

No typo you did this on purpose. At this time I am revoking any and all authorizations that you have to effect ACH debit entries, I am revoking your right to do POS transactions, and I am revoking your right to prepare and submit any checks drawn on my account.

Then you send me the email at 11pm at night telling me I got till Sunday to make changes if needed. Knowing the changes I need are not a option to begin with and you are closed till Monday ??? I may be old and cant hear good but I can see real good and I am real hurt and not stupid either.I don’t know what makes people think that at 81 years old I havent learned anything in life.

On this day I xxx xxxxxx last 4 of ss# **** am exercising my right to revoke any and all rights you,your company, and any associates have to add or retrieve money from my account, in any form or fashion including revoking POS, revoking ACH debits,revoking you and your right to prepare and submit checks drawn on or from my account. I have now officially revoked your right to my account all together. I understand the bank also needs a copy of this request.

The contract said 3 business days but your email said by Sunday. I am sure you have plenty of time to correct this. Now I hold NO trust with your company but would prefer email correspondence so I can keep up.

I will be more than happy to arrange the payment of what I owe using another method. But this is my written revocation which shall go in effect immediately. I have every intention of paying what I owe please email me with how and what I need to do?

Remember you to will be old one day. Would you want someone to discrimanate your family or you as you have done me just because you thought since I was old and on a fixed income, I was stupid? Just to try and make the company you work for extra money or do they split it with you?

I am so disappointed.

I have tried since Friday night to reach someone.The email said by Sunday.

Well the option that I need is not available online and no one is there on Saturdays. My payday loan will not clear when processed. My account has been attacked with unauthorized transactions and this has ended in me needing to make arrangements to take care of this without you running it through the bank. Please do not try to process this pmt as I am trying to stop the bank from closing the account.

I was told to sign unauthorized use papers ,contact you guys and any bills that automatically come out. I was also informed that it was my right to receive a payment arrangement. They said to be careful that a lot of online companies don’t abide by the correct State laws and even federal laws.

I was told its best to close the account the bank here has so many people with fraudulent activities happening from payday loans that a entire department is committed to investigating them.I always thought if someone took from my account it was up to me to call the police and press charges. I did not know that its my understanding the bank will do it and I dont even have control over it.

Maybe thats for the old idiots like myself who sign contracts that we wont go to court but use arbitration or whatever. As the bank doesn’t sign the agreement. I am aggravated at your company for insulting my intelligence because I am old and cant hear good.If I had not stopped this you would have either got $70 a month more than the contract states for no telling how long.Your real money making would have came in by you processing the $175 instead of $105 me not having the funds so its returned to you. You then start running it through daily so you can keep getting I think the contract says $30 each time. Well of course every single day you would get a extra $30 because the first time you ran the wrong amount the bank would start charging NSF fees it would snowball and in no time you would get rich from me.

The second gimmick is the pay off for $350 being $525 instead of $455 You throw that one in there just in case I would have paid off.You had to make something right?Do you do this to everyone or are you indeed singling me out because of my age?

Payday Loan Company Response

Mr.XXXXXX

Attached is a copy of my email to you reveiwing the terms and fees and in the email you responded that you agreed…. The $105 fee that your referring to is for customers that gets paid weekly thats a payment that they have to pay EVERY week if they dont pay off there loan…The $175 payment that your being charged for is for customers that get paid monthly we charge our monthly customers one flat rate…. Paying a monthly rate is alot cheaper than paying the 105 weekly rate…. Never was I trying to take advantage of you because your ederly… we spoke through email and before I put your loan through I sent you a copy of the terms and fees and asked you to respond if you agree to the terms on which you did….

Enida ”

Dear Shannon,

I’m sorry to hear your father feels he was taken advantage of by e-payday-loan.com. At this point the best way to deal with this would be for him to make his required payments he contractually agreed to while pursuing this matter to resolve the dispute.

I would suggest he follow this process to make sure he documents everything and contacts the correct authorities to pursue the matter for him.

The domain name E-Payday-Loan.com is owned by:

Blake Jordan
P.O.Box 571992
Murray, Utah 84157
[email protected]

I would suggest you contact the banking department of the state you live in and find out if E-Payday-Loan.com is licensed to lend in your state. If not, that’s an important issue to raise in your request for them to unwind the loan.

Granted, the website of e-payday-loan.com is a bit confusing when it comes to cost. it does say that the charge for a loan of $350 will be $105 for up to 45 days. At least that’s the way it appears to me.

The best car scenario at this point would be that e-payday-loan.com would respond to you or comment on this question and let you repay this loan at the rate of $105 interest per month. If e-payday-loan.com wanted to really get out of this with some positive face I’d suggest they let you repay any amount of money you have received from them so far without interest.

If they were smart they’d make this issue go away. Let’s see how smart they are.

Please post your responses and follow-up messages to me on this in the comments section below.

Get Out of Debt Free Hotline
debt settlement helpstudent loan help

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • [email protected]

    I been messing with these guys since Saturday 

    You are too late to setup payment arrangements, please
    make sure the funds are
    available for withdrawal by 7:00 AM on
    8/3/2011
    .

    You are too late to setup payment arrangements, please
    make sure the funds are
    available for withdrawal by 7:00 AM on
    8/3/2011
    .

    • [email protected]

      I havent been able to find out if they have a license to lend in Alabama but They did still process a ACH debit for $175 as opposed to the $105 on the contract

      • http://GetOutOfDebt.org Steve Rhode

        What did your state bankring department say when you talked to them?

  • Shannonhill

    Thank you so much.I had no luck reaching the banking dept as they are already closed.I did see a clipping on the internet where Oregon sued them in March for charging to much interest.
    They absolutely refuse anything in email.They called I was on the other phone listening Dad kept saying hello and I could here a very vague whisper saying Mr ****** you can hear me you heard me when you got the loan.Then she says OH MY GOD and hung up.It was all I could do not to talk.He said he has never spoke to anyone on the phone.I told him not to correspond with them anymore I will do the emails on his behalf .How can we pay just the $105 since we are at their mercy?I have cut out the parts that really concern me.According to this is does not matter if they have a license here in Alabama or n.I am also sending a copy of the last correspondance I had with them.The
    dollar amount the loan will cost you.

    $_105.00_

     

           

     

    *Amount Financed*

    The amount of credit provided to you or
    on your behalf.

    $350.00

     

           

     

    *Total of Payments *

    The amount you will have paid after you
    have made the scheduled payments

    $_455.00_

     

    *Payment Schedule:*

    You must make one payment of
    $__455.00_____ on _8/3/2011 _ ___ if you

    *decline** the option of renewing your
    loan.

    If renewing is accepted you will pay
    the finance charge of $__105.00___

    only, on _8/3/2011 ____. You will
    accrue new finance charges with every

    renewal of your loan. On your fifth
    renewal and every renewal

    thereafter, your loan will be paid down
    by $50. This means your account

    will be debited the finance charge plus
    $50 on the due date. This will

    continue until your loan is paid in
    full.

    *To
    decline the option of renewing you must sign section “C” of the

    Application
    Supplement.

    *Security
    Interest:* This loan is unsecured.

    *Prepayment:*
    If you prepay your loan in advance, you will not receive a

    refund
    of any Finance Charge.

    *(e)*
    The Annual Percentage Rate is estimated based on the anticipated

    date
    the loan proceeds will be deposited to your Account, which is

    _7/18/2011
    _ ___.

    *Notice:*
    See below and your other contract documents for additional

    information
    about prepayment, nonpayment and default.

     

    *_ITEMIZATION
    OF AMOUNT FINANCED_* of $350 Given to you directly $ 350

    .00
    ; Paid on your account $0 .

     

    *_Promise
    To Pay:_*You promise to pay to us, E Payday Loan, or to our

    order,
    in one payment, on the date indicated in the Payment Schedule,

    the
    Total of Payments, unless this note is renewed. If this Note is

    renewed,
    then on the Due Date, you will pay the Finance Charge shown

    above.
    This Note will be renewed on the Due date, unless at least three

    Business
    Days before the Due Date, either you tell us you do not want to

    renew
    the Note or we tell you that the Note will not be renewed.

    Information
    regarding the renewal of your loan will be sent to you prior

    to
    any renewal showing the new due date, finance charge, and all other

    disclosures.
    As used in the Note, the term “Business Day” means a day

    other
    than Saturday, Sunday or legal holiday, that E Payday Loan is open

    for
    business. This Note may be renewed four times without having to make

    any
    principal payments on the Note. If this Note is renewed more than

    four
    times, then on the Due Date resulting from your fourth renewal, and

    on
    the Due Date resulting from each and every subsequent renewal, you

    must
    pay the finance charge required to be paid on that Due Date and

    make
    a principal payment of $50.00. On or after the day your loan comes

    due
    you authorize us to effect one or more ACH debit entries to your

    Account
    at the Bank. You may
    revoke this authorization, at any time up

    to 3 business days prior to the due
    date. However, if you timely revoke

    this authorization, to effect ACH debit
    entries before the loan is paid

    in full, you authorize us to prepare
    and submit one or more checks drawn

    on your Account on or after the due
    date of your loan. This

    authorization to prepare and submit
    checks on your behalf may not be

    revoked by you until such time as the
    loan is paid in full. You

    authorize us to collect the payments
    due by using your debit card

    information that you provided to us
    (this will be done as a POS

    transaction). This may be done in one
    or multiple amounts using various

    debits until the amount you owe is paid
    in full.I requested to revoke all
    of this but it says I cant revoke them preparing checks.

    Additionally,
    if the account you have provided to us for your ACH debit

    has
    been closed or funds are not available at the time of our scheduled

    debit,
    you authorize us to debit any account that you hold that we have

    information.
    If your Account is with us, you authorize us to deduct the

    *_Governing Law_ * Both parties agree
    that this Note and your account

    shall be governed by all applicable
    federal laws and all laws of the

    jurisdiction in which the Lender is
    located, regardless of which state

    you may reside, and by signing below or
    by your electronic signature,

    you consent to the exclusive exercise
    of regulatory and ad judicatory

    authority by the jurisdiction in which
    the Lender is located over all

    matters related to this Note and your
    account, forsaking any

    jurisdiction which either party may
    claim by virtue of its residency.

    *Amount Financed*

    The amount of credit provided to you or
    on your behalf.

    $350.00

     

           

     

    *Total of Payments *

    The amount you will have paid after you
    have made the scheduled payments

    $_455.00_

     

    *Payment Schedule:*

    You must make one payment of
    $__455.00_____ on _8/3/2011 _ ___ if you

    *decline** the option of renewing your
    loan.

    If renewing is accepted you will pay
    the finance charge of $__105.00___

    only, on _8/3/2011 ____. You will
    accrue new finance charges with every

    renewal of your loan. On your fifth
    renewal and every renewal

    thereafter, your loan will be paid down
    by $50. This means your account

    will be debited the finance charge plus
    $50 on the due date. This will

    continue until your loan is paid in
    full.

    *To
    decline the option of renewing you must sign section “C” of the

    Application
    Supplement.

    *Security
    Interest:* This loan is unsecured.

    *Prepayment:*
    If you prepay your loan in advance, you will not receive a

    refund
    of any Finance Charge.

    *(e)*
    The Annual Percentage Rate is estimated based on the anticipated

    date
    the loan proceeds will be deposited to your Account, which is

    _7/18/2011
    _ ___.

    *Notice:*
    See below and your other contract documents for additional

    information
    about prepayment, nonpayment and default.

     

    *_ITEMIZATION
    OF AMOUNT FINANCED_* of $350 Given to you directly $ 350

    .00
    ; Paid on your account $0 .

     

    *_Promise
    To Pay:_*You promise to pay to us, E Payday Loan, or to our

    order,
    in one payment, on the date indicated in the Payment Schedule,

    the
    Total of Payments, unless this note is renewed. If this Note is

    renewed,
    then on the Due Date, you will pay the Finance Charge shown

    above.
    This Note will be renewed on the Due date, unless at least three

    Business
    Days before the Due Date, either you tell us you do not want to

    renew
    the Note or we tell you that the Note will not be renewed.

    Information
    regarding the renewal of your loan will be sent to you prior

    to
    any renewal showing the new due date, finance charge, and all other

    disclosures.
    As used in the Note, the term “Business Day” means a day

    other
    than Saturday, Sunday or legal holiday, that E Payday Loan is open

    for
    business. This Note may be renewed four times without having to make

    any
    principal payments on the Note. If this Note is renewed more than

    four
    times, then on the Due Date resulting from your fourth renewal, and

    on
    the Due Date resulting from each and every subsequent renewal, you

    must
    pay the finance charge required to be paid on that Due Date and

    make
    a principal payment of $50.00. On or after the day your loan comes

    due
    you authorize us to effect one or more ACH debit entries to your

    Account
    at the Bank. You may
    revoke this authorization, at any time up

    to 3 business days prior to the due
    date. However, if you timely revoke

    this authorization, to effect ACH debit
    entries before the loan is paid

    in full, you authorize us to prepare
    and submit one or more checks drawn

    on your Account on or after the due
    date of your loan. This

    authorization to prepare and submit
    checks on your behalf may not be

    revoked by you until such time as the
    loan is paid in full. You

    authorize us to collect the payments
    due by using your debit card

    information that you provided to us
    (this will be done as a POS

    transaction). This may be done in one
    or multiple amounts using various

    debits until the amount you owe is paid
    in full.I requested to revoke all
    of this but it says I cant revoke them preparing checks.

    Additionally,
    if the account you have provided to us for your ACH debit

    has
    been closed or funds are not available at the time of our scheduled

    debit,
    you authorize us to debit any account that you hold that we have

    information.
    If your Account is with us, you authorize us to deduct the

    *_Governing Law_ * Both parties agree
    that this Note and your account

    shall be governed by all applicable
    federal laws and all laws of the

    jurisdiction in which the Lender is
    located, regardless of which state

    you may reside, and by signing below or
    by your electronic signature,

    you consent to the exclusive exercise
    of regulatory and ad judicatory

    authority by the jurisdiction in which
    the Lender is located over all

    matters related to this Note and your
    account, forsaking any

    jurisdiction which either party may
    claim by virtue of its residency.

    • [email protected]

      Sorry guys I had it all cut up and highlited and it turned out like this when I pasted it.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.