pdl eliminators

pdl assistance didnt help me and my bf. we wasted 200 bux. no refunds.they dont do their job. u gotta do most of the work..;(

There was a news artical that involved them.

You can find it here

WoW

I am in Connecticut as well and have 4 PDLs out. I am interested in the law from one of the previous posts. My dilemma is I have been laid off - I have one more paycheck and then won't know what to do to pay these guys off. I have already well over-paid what I even borrowed. From the CT Gov website, it says ""Payday" loans, also called "deferred deposits," are very short-term loans, usually for a few hundred dollars at fees that, when calculated as annual interest rates, can sometimes be as high as 700%. Connecticut statute does not authorize such loans. Connecticut's usury limit for entities that are not banks or otherwise exempt is 12% annually, which appears to prevent such loans here.

Do you think this means I could settle? What would you offer them if you already paid back what you borrowed in interest/fees alone? Any help is appreciated! Thanks!

Pay Day Loans are ILLEGAL in Ct. You shouldnt have any trouble setting up a payment plan with them. I did. Actually they were pretty friendly and agreed on it. I do keep in touch with to let them know when I send the payment out.

Thanks, did you have to close your bank account? How did you go about setting it up? Did you just pay the remainder of the principle only? Did you send them a letter or did you just talk to them to work it out? Sorry for all the questions! Just desperate to get this resolved so I can have some money again!

One other thing...If they dont agree on a payment plan then remind them that they are Illegal.

last reply from frankief even though said guest.

PS - Just not sure whether to send letter or try to call and explain first. I don't want to make them angrey right off the bat if they may be willing to work with me. If that makes sense...

go to the fifth sticky in the PAYDAY LOAN HELP forum.it will show you what you need to do about dealing with illegal lenders.BTW,they most likely will want a biiger amount than what you owe.remember any fees get taken off the principle.which is all you owe.

frankief ,
Two of the three companies I borrowed from, I called and made payment arrangements... they were no problem to deal with.
The other company was giving me a hard time until I faxed one of the letters I got at the PLD help forum.

Who cares if they get angry... as long as your going to pay them back , they should be happy.

is it easier to go to collections by closing bank account & not paying them???? then make arrangements with them?? or is it illeagal todo so

I went through Your Payday Loan Help which seems similar to this. I've only had one creditor refuse to work with them and hopefully that's taken care of now. I only had to pay $150 upfront fee and they take $10 off per monthly fee. Once they have your electronic signature and authorization to communicate they should send out the letters for you, and send you copies. They ask that you keep a log of all contacts from you lenders. Other than the one lender it seems their plan has worked but I suspect I could have done much of it myself and save money. Either way, I signed up for it and it looks like they've done their job so I can't say much.

PDL Assistance does work but you must pay to build your account and they take fees from what you pay them. The best thing to do is to close your bank account (for those on automatic debit) then to call each creditor for arrangements. Write down the name and extension of the person you speak with. Send a certified letter with the first payment (or the full payment) and keep doing that until you are finished. The creditors want the money and are willing to take the fees away if you are willing to pay lump sum.

how would i do this