Internet's first get-out-of-debt community - 136,000 members

goodlucklady

I have a payday loan and it looks like you can get out of them easy if you follow your directions. I guess I think that it may be better to ignore them since they really cant get me frm what you are saying

Posted: Fri Sep 21, 2007 12:49 pm Subject:

Like has been stated in previous posts. Even though a internet pdl maybe illegal no one is telling anyone to not pay them back. They are only saying payback the principal amount and the legal fees that are allowed in your state.

Others will be along to advise you, this is just my advice.

ladybug

Posted: Fri Sep 21, 2007 1:00 pm Subject: help with postings

One big problem you will encounter is that they will debit your account over and over again. Even if you don't have the money in your account to cover the debits, you will get many, many NSF charges from your bank. Please read the information about closing your bank account and go from there.

Posted: Fri Sep 21, 2007 1:03 pm Subject: help with postings

Oh and another thing--many of the pdls include in their contract a voluntary wage assignment which you sign, even though it is mixed in with the terms of the contract. You do not need to overlook this--with this they "can" go to your employer and get your wages. You will need to revoke this by sending a letter to the pdls and also your employer.

Posted: Fri Sep 21, 2007 1:24 pm Subject:

goodluck-Welcome to the boards. Are you seeking help with regard to your payday loan? as ladybug stated, we are not condoning not paying them back, but we are helping to stand for our rights and not be bled dry by illegal fees.

What state are you in and who do you owe?

Posted: Fri Sep 21, 2007 2:04 pm Subject:

And first off, it is NOT EASY!

Posted: Fri Sep 21, 2007 4:52 pm Subject:

Thanks Goudah...I was a little uneasy about easy??? and "get out of them" all of us have paid dearly more than financially for our work at correcting our mistakes!!!

Posted: Fri Sep 21, 2007 5:57 pm Subject: reply

goodlucklady, you can't "get out of them". I don't understand where you even got that impression as you stated that you have been reading the posts on here. If you are reading the posts on here, you will notice that you "can't get out of them". We advise to pay these and fight the illegal aspects of them. Not to "ignore them". Never "ignore them". They will come back and get you in the end. That's what this forum is all about. If you "ignore them", you will end up with accounts in collections, accounts reported to the credit bureaus, harrassing telephone calls, debits from your bank account, etc. I do hope you did not get the impression that this is a place to come and read and try to find a "way out of them". There is no "way out of them". And, as goudah stated, it is not "easy". This is a long hard battle and it's for a reason. If you like, please post again and clarify your situation. You may need help with your pay day loans. This is what we are here for. To help you. Not to tell people how to "get out of them".

Posted: Fri Sep 21, 2007 7:07 pm Subject:

Yeah, I do not know one person that would say it is easy . . . . . Ignoring them will only make them worse. Especially if they are legal. Since we don't know your situation we don't know if your payday loans are legal or illegal. But depending on your state there is a good chance at least one or two of them are legal. Ignore them and your paycheck can get garnsihed, Not assigned, GARNISHED. Also, in some states intentionally bouncing a check for a payday loan can lead to legal trouble.

Posted: Fri Sep 21, 2007 7:32 pm Subject:

Dang - if this is someone's definition of EASY I sure as heck wouldn't want to know what my life would be like if it was considered HARD!

Posted: Fri Sep 21, 2007 7:44 pm Subject:

It certainly wasn't easy to borrow 200 and pay back 720..stand up for myself, get sent collection letters and suffer threatening phone calls. I love to be called names, yelled at and threatened with arrest adn legal action

Posted: Fri Sep 21, 2007 7:45 pm Subject: reply

mperez, you just gave me the biggest laugh I have had in a week! God love you! Very Happy

Posted: Fri Sep 21, 2007 8:10 pm Subject:

I don't know, maybe we make it look easy? But I really don't think that is the case . . . . I think the original poster needs to read through the site again.

And if you are really having a problem with pdl's, please post your situation. What is advised for one person may not be the right thing for another to do. Each person's situation is different, however similar they look.

Posted: Fri Sep 21, 2007 8:21 pm Subject: reply

I don't know, goudah. Seems to me that anyone who spends some time reading through all the threads and posts, they would realize that you have to go through hell and high water. I don't understand how anyone would get the impression from here that "it's easy" or you can "get out of them". Maybe not enough reading?

Posted: Fri Sep 21, 2007 8:29 pm Subject:

What I was thinking is maybe this poster only read one or two threads, ones where someone posts their problem, we post advice, and then the original poster never comes back, making it look like our advice did the trick and that was all they needed to know. But that is really stretching it . . . . . I think I was just trying to be nice and explore the possibility that we make it look easy. But after more consideration I don't think any logical person would get that impression from this site.

Posted: Fri Sep 21, 2007 8:33 pm Subject: reply

Lord, I hope not! Anyone reading what people have been through would know better! Could be they read "they are illegal" and that's as far as they went. Uh.... being illegal makes them worse!

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