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 Posted: Thu Jun 29, 2006 1:22 am Subject: how to stop interest charges? |
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anyone got any ideas on how to stop interest charges on paydayselect. i thought i ahd worked out an agreement but they just keep going up and up. i haven't been able to send them any money right now been paying on other bills and my money just hasn't spread as far it should this last week. any ideas would help thanks. oh and i sent this email to them it wasn't professional or nothing just me being honest with them:
| Quote: | | it would really help if you stopped racking up the interest fees on it. i want to get it paid off just like i want to pay off my other pdls. I wont have no money for you til after the 1st and im not sure if i will then and i'm being honest here. so if you want to sent my account to a collection agency go head. it would also be nice if you marked my account paid in full since you legally aren't allowed to lend in the state of oklahoma. but since you then lend in my state, i want to pay back only the orginal loan which i do believe at this point i only owe 160.00 on. So if you really want to work with me then you will stop the interest charges and allowe me to pay on 160.00 dollars. then mark my account in paid in full once the 160.00 is paid. deal? |
will let you know what they say
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identity_crisis04
Joined: 05 Jun 2006
Posts: 212
Debtcc Points: 3946
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| Posted: Thu Jun 29, 2006 11:08 am Subject: |
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Try an actual snail mail letter - perhaps a certified letter with a return receipt (so you'll have proof they received it). If they can't lend in the state of OK, and they did, I'd check on what action you can take on that.
I don't have any personal experience with payday loans, but I do know an actual letter might be responded to - but then again, they might not respond to anything.
Keep us posted!
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Ehwin
Joined: 11 Apr 2006
Posts: 147
Debtcc Points: 3929
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| Posted: Thu Jun 29, 2006 10:50 pm Subject: |
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OK THIS WHAT I GOT BACK IN RESPONSE TO MY EMAIL
[quote]Crystal
Your principle amount is $180.00.
I am willing to settle with you for $180.00 by 07/30/06. Please let me know if you will accept this offer.
Thank You,
PayDay Select Account Service Team[quote]
_________________
life is 1 great adventure-not a box of chocolates
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identity_crisis04
Joined: 05 Jun 2006
Posts: 212
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| Posted: Fri Jun 30, 2006 1:18 pm Subject: |
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If this settlement sounds fair to you, go ahead and get your account "paid in full" letter from the company.
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andyyoung
Joined: 05 Jun 2006
Posts: 473
Debtcc Points: 6485
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| Posted: Sat Jul 01, 2006 2:56 am Subject: |
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it does sound fair so i'm going to start payemnts on the situation next week and once its paid in full im promised an email that says it is. and im wokring out the same agreement for another loan with the same company.
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identity_crisis04
Joined: 05 Jun 2006
Posts: 212
Debtcc Points: 3946
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| Posted: Sat Jul 01, 2006 4:34 am Subject: |
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That's awesome, krystal!  See, it's all coming together now! Soon they'll all be done, and all you'll have to think is "Did I REALLY need the money THAT BAD that I put myself in that position? NEVER AGAIN!"
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Jessi
Moderator
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| Posted: Sat Jul 01, 2006 1:22 pm Subject: |
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thank you jessi and my names spelt with a C.
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identity_crisis04
Joined: 05 Jun 2006
Posts: 212
Debtcc Points: 3946
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| Posted: Sat Jul 01, 2006 1:25 pm Subject: |
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Isn't payday select out of New Mexico? Have you tried using Oklahoma laws to settle with them?
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polly
Site Admin
Joined: 02 Mar 2006
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| Posted: Sat Jul 01, 2006 6:52 pm Subject: |
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no i hadnt just tried telling them they aren't allowed to lend in my state. and the will settle for the 180. and on my other account i'm trying to settle for 600.00 on a 500 loan. what you think? you think that fair?
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identity_crisis04
Joined: 05 Jun 2006
Posts: 212
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| Posted: Sun Jul 02, 2006 1:48 pm Subject: |
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I believe any negotiation on your part is fair as long as you have paid or are willing to pay the principal on the loan.
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polly
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| Posted: Sun Jul 02, 2006 2:34 pm Subject: |
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the orginal loan wasn't 500 but had it increased after i paid some on it. so should i pay the 500 what the orginal was?
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life is 1 great adventure-not a box of chocolates
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identity_crisis04
Joined: 05 Jun 2006
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| Posted: Sun Jul 02, 2006 2:37 pm Subject: |
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identity, please pm me your specific details.
name of company
address and any other contact details, if known.
url of company's website
ammount of original loan
ammount of interest paid
ammount of principal paid
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polly
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| Posted: Sun Jul 02, 2006 2:39 pm Subject: |
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Alright send the pm hope you got it.
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life is 1 great adventure-not a box of chocolates
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identity_crisis04
Joined: 05 Jun 2006
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| Posted: Sun Jul 02, 2006 3:51 pm Subject: |
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Sorry Crystal, I was really sleepy when I wrote that..lol
Good luck on things this week.
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Jessi
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| Posted: Wed Jul 05, 2006 7:43 am Subject: I collect |
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I am lost in he!! with these people. How do I find out if Platinum B and FSM Marketing are legal in Oklahoma and what do I do if they aren't. These people from I Collect are not very forthcoming with anything except threats.
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jeckert76
Guest
Debtcc Points: 100
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| Posted: Wed Jul 05, 2006 1:55 pm Subject: |
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No business is allowed to make threats while attempting collections. The fdcpa laws restrict such companies from involving in harsh collections. Check with the Dept. of State in your area and verify the licensing info. of Platinum B and FSM. They need to have a valid license before collecting money from you. Read the FDCPA for better information about your legal rights.
http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm
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andyyoung
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