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pennyhmQuestion · Posted: Thu Aug 28, 2008 6:54 pm Subject: Pennyhm again re: soc. sec. check

Should we, after the Sept. checks, have Social Security mail the checks to us or continue w/ the direct deposits?

pnyyhm · Posted: Thu Aug 28, 2008 7:52 pm Subject: read another thread....

I was reading another thread about someone in Alabama who closed their account and the PDL will/can press charges, etc. So, I am very concerned now about this. What is going to happen when the PDL storefronts submit the checks and they come back as account closed? Will we be arrested? Do we need to go in and talk to them? Call them on the phone or what? I thought there was a little shred of hope but now I am back to being worried/scared to death.

Posted: Thu Aug 28, 2008 8:04 pm Subject:

I would go into the stores and talk with a manager about the EPP plan (extended payment plan) or set up a repymt schedule that you can adhere to. Do your budget first so you'll know what you can committ to and stick with it. If you make payments, chances are they won't do anything (sue). When you are in the store, negotiate that they won't deposit the checks. Remember, pay what you can afford. Even if they say you have to pay (for example) $100 and you only have $30 to pay, just pay the $30.

meagain · Posted: Thu Aug 28, 2008 8:17 pm Subject:

what if the pdls say they can not do an epp??? very worried here about them pressing charges.

Posted: Thu Aug 28, 2008 8:21 pm Subject:

If they say no, that's okay. Just pay them what you can (they usually won't turn down a payment). As I mentioned before, if you default and it goes to internal collections, you can set up pymts then. As long as you are paying on the account, they should not do anything. If you are still unsure, I suggest you call the DFI or AG of your state and explain the situation and see what they say. In my state, IL, the DFI said no prosecution for a returned check on a PDL. If you still are unsure, call a lawyer. They usually won't charge for a 10 minute phone call consult.

I want to thank you so much for your help. I have one final question for the night and then I think I am off to bed....maybe someone will respond before then LOL

Should I tell the PDL places that we have closed the checking account?

Posted: Fri Aug 29, 2008 5:37 am Subject:

That depends on if you have a game plan lined up. If you have a payment plan offer for them right on the spot when you call, then YES. if you still need time to sort your money out and get things straight, then NO. I will tell you that they are going to find out anywayz, and the calls will begin once they do Confused

I will caution you and say it is just best to be honest UPFRONT. I had a PDL with a storefront and called them 2 weeks in advance notifying them my bank account was closed due to fraud (internet PDLs). Offered to prepay the loan on the spot. They were happy that I kept things clear with them and were happy to help.

Posted: Fri Aug 29, 2008 6:18 am Subject:

good luck with everything and please keep us posted. this board is full of great advice. things do seem to be looking up for you. a lot of people are suffering right now and people really will relate, if that helps.

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