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Shirlene · Posted: Thu Apr 17, 2008 11:08 pm Subject:

What is CFSA and how can I check to see if the PDLs I have are members?

msys81 · Posted: Fri Apr 18, 2008 8:33 am Subject: Remembering something...

I seem to remember something from one of the applications regarding Utah PDLs... something about agreeing that I would be governed by Utah law if I signed or something... anyone know what I'm talking about?

Posted: Sat Apr 19, 2008 2:22 pm Subject:

mysy81, we know what you're talking about. Tough crap for them. In your state, internet loans must be licensed in your state to legally lend. I don't care if they say your loan is governed by the laws of Timbucktoo. No. You go by YOUR state law, okay?

msys81 · Posted: Mon Apr 21, 2008 7:18 am Subject: Keeping three

OK, so I am keeping three (Paydayone, ThinkCash, First Bank of Deleware) and letting those three know my new bank account. I am closing my account Wednesday or Thursday. I am hoping my bank doesn't give me any problems! Once I close the accounts, what should my letters say?

Posted: Mon Apr 21, 2008 7:54 am Subject:

I can or others can send you a great letter that many of us have used.Just be sure yiur account is 'safe'.

msys81 · Posted: Mon Apr 21, 2008 8:28 am Subject: Letters

I will be sure to not send the letter until the account is closed. Is this the only letter I will need to send to them? I read about cease and desist letters, is this the same or is that another seperate one?

By the way THANK YOU SO MUCH to everyone for their help and support!

msys81 · Posted: Mon Apr 21, 2008 8:51 am Subject: Also...

Also, what do i do about Payday one? How do I get them to let me work out a payment plan with them since they're legal?

Posted: Mon Apr 21, 2008 10:50 am Subject:

msys, The letter has a cease and desist clause in it so you will be good there. It pretty well covers everything you will need. As for Pay day one...have you contacted them yet? Will they not work with you.

Here is a link to the letter you can use as a template and make changes as needed.

http://www.debtconsolidationcare.com/paydayloan/outstanding-loan.html

msys81 · Posted: Tue Apr 22, 2008 11:28 am Subject: Fax?

Can I fax the letters or do I have to mail them? I can not find addresses for some of the lenders.

Posted: Tue Apr 22, 2008 12:23 pm Subject:

Fax them, email them, mail them, do it however you can. If you have a fax number, fax it. If you have an email address, email it. If you have an address, mail it. Send it any way you can!!

msys81 · Posted: Tue Apr 22, 2008 6:27 pm Subject: Bank

I am going to close my bank account tomorrow. I am overdrawn so I probably am not going to be able to close it right? What are are hard holds? Will they definitely be able to do something to block the debits? I have Chase, does anyone have experience with them?

Posted: Tue Apr 22, 2008 7:36 pm Subject:

Posted: Tue Apr 22, 2008 7:37 pm Subject:

msys, I have not had Chase; however, I have had several different bank accounts (due to plds) and have had to have hard debit blocks put on them. Not one of them gave me a problem regarding putting a block on. Now, I did have some problems resulting from pdls; however, not the blocks. You can go in to the branch of the bank that you opened the account. Ask to speak to the manager. Your account is overdrawn, so they will not close it. Ask them to put a hard debit block/hard hold on it. This means that NO DEBITS will come out. This includes even YOUR stuff (checks, ATM, etc....). No debits will come out; however, credits can go in. Let them know that you are aware that the account is overdrawn and have every intention of getting it back to positive or zero balance. In the meantime, you're going to have to open another account at another bank so that you will have a "working" bank account, okay? But, by Chase putting a hard debit block on that account, it will prevent any pdls (or anyone else for that matter) from debiting it causing it to go further into the red and also will prevent more bank fees from being added to it. Any questions, just post! Very Happy

Posted: Thu Apr 24, 2008 8:31 am Subject: Going to the bank today

I am going to go to the bank today to close my account - WISH ME LUCK!

Also, with PaydayOne and the installment loans, what do I ask them for them to work with me?

(By the way, this is msys81, I registered!)

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