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Posted: Fri Nov 10, 2006 4:20 pm Subject: payday loans are driving me insane

i took out a few payday loans and now i'm out of work on bedrest 9i'm six months pregnant).

this people call me everyday, try to withdrawl outrageous amounts out of my account to the point i'm overdrafted 800 dollars. today one of the companies hit my bank for 4 different amount which means the bank will charge me 35 for each.

this is very stressful bad enough i have to worry about not going into early labor, i had a lady from nationwide cash call me she was so rude and abnoxious she wanted me to commit to date when i will pay and i said i couldn't she was screaming and saying things to make feel like crap.

i need all the advice i can get, this is just the beggining and i feel is going to get worst, they called my job and said i owe money and i'm hiding form them, i'm afraid they will start calling my references and discloding the same information.

please, please, please help i really need all the advice.

Posted: Fri Nov 10, 2006 4:23 pm Subject:

First you need to open a new account at a new bank and let that overdrawn account close, redirect your direct deposit to your new account. How long have you been paying on these internet pdls? Chances are you have paid the principal and interest back already and you should demand they mark your account paid in full. Also file complaints with your AGs office.

Posted: Fri Nov 10, 2006 4:25 pm Subject:

Here is the link to your state's pdl laws:http://www.paydayloaninfo.org/states.cfm
You should also use the template letter ont his site to demans a settlement with them, and demand they mark your account paid in full if you have already paid the principal and balance. You can get through this and it will be over before you know it. We are here to help you and support you. Sounds like you have enough stress as it is.

Posted: Fri Nov 10, 2006 4:29 pm Subject:

i have all these
500 fast cash 6/2 $300
cashlink 6/29 $300
ambassador 7/21 $300
ameriloan 8/4 $300 they said my pay off is $500!!!
Gfs 9/26 $200
route 66 5/4 $200

does any one know if ambassador and nationwide are the same company??

Posted: Fri Nov 10, 2006 4:31 pm Subject:

i'm in MA i saw that they are illegal in my state but what do i tell them when they call?

Posted: Fri Nov 10, 2006 4:32 pm Subject:

I'm going to say by the dates these loans were taken and the amount of time you have had to roll them over, you have more than paid them back. Demand they mark your accounts paid in full. It may get ugly in the beginning, but in the end if you stand your ground you will come out ahead and they will fold.

Posted: Fri Nov 10, 2006 4:35 pm Subject:

Ambassador is Nationwide. Get your letters drafted and sent out. Get your complaints into your AGs office. These types of loans are illegal in your state so you are only obligated to payback the principal only. Tell them to go............can't say those words on this forum. They are going to make threats illegal ones at that. Don't be intimidated, hang up on them. Put in your letters you filed a formal complaint with the AGs office. If you get that complaint in the AG may be able to assist you with getting refunds, which is something you should be demanding in your settlement letter.

Posted: Fri Nov 10, 2006 4:52 pm Subject:

i made an agreement with nationwide AKA Ambassador to send them 100 dollars via western union but they still hit my account 4 times this morning i'm so upset i did not know they were the same company

Posted: Fri Nov 10, 2006 4:56 pm Subject:

Do you still owe on the principal, or have you paid it back and then some on roll overs?

Posted: Fri Nov 10, 2006 5:06 pm Subject:

i've paid everyweek or every two weeks, i must have paid more than enough since they "renew" my account everytime.

Posted: Fri Nov 10, 2006 5:08 pm Subject:

First of all you need to calm down and remember that your health is what is important right now and that of your child.

Second of all, contact your bank and request that place an stop payment or statement of unauthorized debit on your account which would prohibit these PDL's from taking money from your account. If that fails, close your account and open another one with another bank. You might want to try to open a savings account.

Next, contact a debt counselor. A lot of the posters here can recommend different ones that you can choose from. From there, you can speak with a counselor to lead you to the next step.

You may also want to contact the PDL's, explain your situation and tell them that will not be receiving any payments and ask what kind of arrangements can be made.

Just remember to take care of yourself.

Posted: Fri Nov 10, 2006 5:09 pm Subject:

When did you take out the loan? I say just demand they mark you paid in full.

Posted: Fri Nov 10, 2006 5:17 pm Subject:

these are the dates next to them
500 fast cash 6/2 $300
cashlink 6/29 $300
ambassador 7/21 $300
ameriloan 8/4 $300
Gfs 9/26 $200
route 66 5/4 $200

Posted: Fri Nov 10, 2006 5:21 pm Subject:

drowningindebt - don't let the lady (whom I know who you are talking about) intimidate you. She has tried it with me and she will threaten you in all ways, just laugh at her. Do like Steelers1 says and do your complaints to your AG ASAP..and also call the AG of New Mexico and tell them too. The baby and your health are the most important right now. Also talk to your bank and let them know what is going on and see if they can put a block for you. My bank was real helpful in this situation, I had to pay them $36.00 fee but it was well worth it.

Posted: Fri Nov 10, 2006 5:22 pm Subject:

Drowningindebt, you live in MA, which prohibits pdls, you are only obligated to payback the principal in this instance. Looking at the dates these loans were taken out, you have more than paid back the principal. I would get your complaints in with your AGs office, and send out the settlement letters demanding they mark you paid in full. I can tell you that these companies go by so many different dbas they will hit your account under another name if you block them. So it may be in your best interest to open a new account. Many others here will tell you the same thing. At first I blocked them, then one hit me up under another name out of the blue, my bank recommended I open a new account which I ended up doing.

Posted: Fri Nov 10, 2006 5:27 pm Subject:

this site has being such a help, i will keep everyone posted on the outcome of this mess everyone thank you.

i was prepared to give them my entire check from my dissabilty INS and put all my other bills behind...i'm so glad i found this site

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