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indebtgradstudent · Posted: Sat Nov 15, 2008 6:15 pm Subject: Payday loan troubles

I stumbled on this site today and am very pleased with the info that I have found on it. I saw the letter to get payday loans paid in full and sent it to a few of the places where I have loans - I'll let you know if it works.

Just wondering if anyone else has had success with it or not. I'm in NY and these are my loans:

Pay Day Max - loan $600, have paid so far $865.08
EZ Payday Cash - loan $350, have paid so far $425
500 Fast Cash - loan $300, have paid so far $270
United Cash Loans - loan $300, have paid so far $270

Does anyone else have any ideas on how to get out of this mess? I sent the C & D letters and for the 2 that I have paid more than the prinicple I asked for it to be marked paid in full and have asked for refunds. The other 2 I have asked to set up a postal mail money order system to pay the remaining $30 that I have on them each since these loans are illegal in my state (which I didn't know until today!)

I notified my bank and put stop payments on their debits that they are going to take out within the next week and a half, and hopefully that will work and I won't have to close my account. Is there anything else that I should be doing? Any ideas on how else to get out of this mess?

Thanks!

Posted: Sat Nov 15, 2008 6:27 pm Subject: reply

greetings.first all of your pdl's are illegal as pdl's are prohibited in NY.second you only owe the last two 30.00 each.stop payments won't work because all these places will do is change co names,amounts,or put through a paper check.you need to close your current account and open a different one,or put your current account on deposits only status.you will be able to access your money,but will haveto go in person.do either of those two as i stated stop payments won't work.then get letters stating that pdl's are prohibited in NY and will pay the principle.request or demand PIF'S from PAYDAYMAX and EZPAYDAY.technically they owe you a refund of overpaid monies,but there is no guarantee they will.500fastcash and united cash you owe 30.00 each.now i won't lie to you these places are illegal they know it and will fight you.they will also threaten alot of stuff they cannot do.you mentioned wage assignment revocation letters.good get those to your payroll or hr person before sending them to the pdl's.take care of your bank account first then send the letters.again welcome and if you have any questions don't hesitate to ask.we are here to help.

indebtgradstudent · Posted: Sat Nov 15, 2008 7:04 pm Subject:

would it help if I got the ACH processor involved and had them stop all ACH debits from my account? I just read that that worked for several people.

Posted: Sat Nov 15, 2008 7:07 pm Subject: reply

yes that should work.then the two you owe might be more willing to work with you.the two who owe you refunds might just mark your loan PIF,but that's better than them saying you still owe.i would push for refunds though.your bank should be able to help with that too.

indebtgradstudent · Posted: Sat Nov 15, 2008 7:11 pm Subject:

is there a standard email or phone script that I can use when contacting the ach processors? I just want to make sure all of my bases are covered

Posted: Sat Nov 15, 2008 7:17 pm Subject: reply

not really,just inform them of the four illegal pdl's and two you have over paid and the other two you have just about paid.tell them what you want to do specifically.meaning you want there access to your money cut off.they should have no problem with that.being in NY should make it easier for them to do this.

Posted: Sat Nov 15, 2008 7:32 pm Subject:

I hope the information below will help you. Smile

You are only obligated to pay back the principal amount you borrowed from an unlicensed/illegal Internet Payday Lender.

ricky · Posted: Mon Nov 17, 2008 10:56 pm Subject: pdl

are pdl legal in conn

Posted: Tue Nov 18, 2008 8:41 am Subject: reply

yes pdl's are prohibited,illegal and not allowed.

Posted: Tue Nov 18, 2008 9:32 am Subject:

I live in a state where pdls aren't legal and I have found good luck for the most part. Let us know if you need any more help, this can be done. Smile

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