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Anonymous
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Sub: #1 PDL's in Louisiana
Replied on 12-04-2009, 10:24 AM
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I am trying to get ahead of the game. I am not yet in default on 2 PDL's but after reading many threads on this site I understand that as they are not listed as liscensed in Louisiana, my state of residence, they are illegal. I am more than willing to pay what I originally borrowed, but the fees are outrageous.
The first loan is with WAGESFAST.com - borrowed $200.00 - pay $76 every 2 wks. pd 3X's
The 2nd loan is with USFASTCASH.com - borrowed $400 (which is over the legal limit in LA) - pd $120 1X with the next installment due on 12/11/09

Should I put the payment block on my acct (I cannot close my acct at present) and then send the letters letting them know they are illegal and I am willing to pay what I borrowed but nothing more? Should I email or call them to get physical addresses? Will they try to debit my acct immediately if I do that?

Any and all advice is appreciated. Those of you replying to the posts really seem to know what you are talking about and are helping those of us who don't immensely!

SC
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Sub: #2
Replied on 12-05-2009, 01:12 AM
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If you can't close your account then you must put a hard debit block against it and must also send the ACH revocation letter to the lenders. You can read more about dealing with illegal lenders in the following link.

http://www.debtconsolidationcare.com...-dealings.html




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