[iloveteaching]

I am getting very uneasy reading some of the experiences posted here. It seems that even though people are consolidating and paying the companies back, the companies are (1) still trying to debit checking accounts and (2) Calling places of employment. I really don't want to have either happen. I haven't defaulted on any of my payday loans although I will not be able to pay them when my next pay period comes around. I am sending my payment in to T & C on Wednesday but I am still worried.

[Not so Lucky]

I would close the account as soon as possible and open a new one. DO NOT tell the payday lenders the new account number.

[emsbchristy]

We closed our account immediately. They will continue to keep hitting it as I keep getting notices that the companies are hitting the old account. We opened with a whole different bank but that is a whole different story. You can also send out do not call letters and wage revoktion letters to make everything stop. This is a wonderful forum.

I had to close my account and open up a different one. I was advised by my bank to close one and open another one because I had companys going in to my bank account using differnt names and amounts then what was authorized.
I also had several bad experiences with collection agency breaking FDCPA---Interstate Compliance Donald Freedman, I have filed a complaint with the State Atty office out of Wyoming and the Federal Trade Commision
Please if you are being Threatened,Harrased,Unathorized Debits, Mis-Representation Please make a complaint with the Federal Trade Commision at 1-877-382-4357 as well as The State Atty office in your state as well as the State the Collection Agency is calling from, The Better Business Bureau

[oh2benc2]

emsbchristy
May I ask what did you write in the do not call letters and wage letters? I am consolidating all my payday loans with T&C but am afraid they will start calling me this week when they find out I stopped payment on all of them. Thanks!

[iloveteaching]

I am not able to close the account because our car payments through the credit union and other loans come from this account. Is there an alternative?

[iloveteaching]

I can't believe that I got myself into this mess!!! If I ever get out I will never take out another payday loan as long as I live. I AM SOOOO FRUSTRATED!

[emsbchristy]

oh2benc2
I will pm you to get your email address and at that time I will email you my letters. What you need to do is send the cease and desist letters out explaining that you do not want any contacts from these companies and if you do you only want them to send VIA USPS. I have faxed mine and also sent them by certified return receipt. I still have calls and have advised them that I will be making a complaint with the Attorney Generals office and with the FTC. Cash transfer centers have been quite harassing but you need to just stand up to them. Make sure you advise each creditor that you are with T&C. Some of them have said that they do not work with third parties but they do. T & C has been wonderful. I hope that this helps.

[fka]

from what i read in the forums, you should talk to your bank and tell them that you only want your car payments and whatever other payments you want to go through and nothing else. in the meanwhile open up a new account and then tell the car payment people you want them to debit throught your new account, then once everything transfers over you can close your old acccount completely, hope this helps

[emsbchristy]

tauciersmalls
Believe me you are not alone. We all learn from our mistakes and move on. I thought that I was the only one also but thank goodness I was directed toward this forum.

[fka]

finding this forum gave me hope. before finding it i was just lost and confused.. and now here i am working myself back aout of debt and getting out of the whole payday cycle. its going to take time but at least now im making progress. before i was just paying the fees and falling back on other payments. now ill be able to get back on track of all my payments.

You could ask your bank for a new account number. You could then contact everyone with the new account number telling them that because of some problems your bank account number has changed but all the other information is the same. It makes it a little simplier than changing banks.

[fka]

thats a good point.. just make sure that all of the payday loan debits are blocked from your old account number and that your account is completely closed. i forgot to ask mmy bank if the debits were going to still go through after i closed the account and i had a negative balance of 600 due to that.

[Cow & Chicken]

Wow, it's great to hear some many people are starting to have hope again. A few months ago, I was also lost and confused. I am so thankful I have found this forum because it literally saved my life. I didn't know where else to turn and my prayer was answered the day this forum came into my life. It was a big relief to get the ball rolling to get out of the payday loan cycle. You might also be able to block the lender's ID code. I've heard that some people have done that as well. You will need to talk to a bank rep about this. I too closed by checking account per the advice of T& C. I'm glad that I did because I had payday lenders hitting my account up until a couple of weeks ago. I don't know what they were trying to accomplish. They knew it was closed. I think they just try to add on more fees but I'm not going to pay those. I'll pay the legitimate debt. :P :P

I must agree that I believe this forum has helped me so much. I was in such a panic when I looked up Ellis Crosby on the internet and clicked on this website. I was releived to find out I wasn't going to jail over a dumb payday loan. I can tell everyone there is light at the end of the tunnel. It took me 7 months to pay all the loans off. It also taught me a valuable lesson about there is no quick fix to money problems.

[suewhelan89]

You guys have no idea how great this is for me too...I have a good job, and should have no problem with bills, but last year got caught in a bind and freaked out and took out a payday loan. Seemed harmless, but then in order to pay that back and pay my "real" bills, I had to take out another payday loan. Then another. Next thing I know I have 6 of them, and my whole paycheck is going to these stupid interest payments, and I'm not making any progress on the principal. It's so embarssing to tell my friends, "No, I can't got to dinner with you" because I can't afford it, when they know I have a good job! I have told NO ONE about this, and I've been sick about it. I'm so grateful this website and the support of all of you.