| Author |
Message |
|
|
 Posted: Wed Aug 01, 2007 10:19 pm Subject: NEED HELP overcome with pdl debt
|
|
|
I live in the state of Pa and have over 11 pdls. They have taken over my whole paycheck. How can I get rid of them. Can I consolidate and get one payment made.
All the loans where done on line.
Paydayok $500 paid $556.79
Paydayselect $500 paid $392.67
paydayone $500 paid $185?
Defastcash $1000 paid $700
cashnetusa $1000
mycashtime $300 paid $420
UCL $300 paid $360
ameriloan $300 paid $270?
BMG $300 paid $450
Midland $300 paid $450
paychecktoday $500 paid $450?
|
|
flyers10
Joined: 28 Jul 2007
Posts: 36
Debtcc Points: 1002
|
|
|
 |
|
Posted: Thu Aug 02, 2007 7:05 am Subject:
|
|
|
You can consolidate, but you can also clean these up yourself. Please read through some of the threads here about PA. It's a bit confusing, depending on what department you talk to you get a different story. But if you file complaints with the AG's office you may get some help in dealing with these companies.
I would also recommend considering closing your bank account. Please read the following thread regarding some important information you need to know before you close the account.
http://www.debtconsolidationcare.com/paydayloan/close-account.html
|
|
goudah2424
Moderator
Joined: 31 Oct 2006
Posts: 8007
Debtcc Points: 111615
|
|
|
|
Posted: Thu Aug 02, 2007 7:48 am Subject:
|
|
|
Welcome to the forums! Payday Select and Payday OK are the same company and are relatively easy to deal with. If you still owe them legally, they will work out a 2-3 month payment plan for you if you insist on it and they will not put up a fight over it. Please read the thread goudah postedf and get that bank account taken care of and let us know if you need help!
_________________
He is your friend, your partner, your defender, your dog. You are his life, his love, his leader. He will be yours, faithful and true, to the last beat of his heart.
|
|
Sassnlucy
Moderator
Joined: 12 Mar 2007
Posts: 2620
Debtcc Points: 28250
|
|
|
|
Posted: Thu Aug 02, 2007 7:53 am Subject:
|
|
|
HI
I'm from PA also and like Sass said Paydayok and paydayselect are so easy to deal with. After getting a Paid in full from them I felt so much better.
_________________
Register today to encash debtcc points.
|
|
Guest
Debtcc Points: 100
|
|
|
|
Posted: Fri Aug 03, 2007 9:48 pm Subject: Bank account closed whats next
|
|
|
My bank closed my account due to all of the nsf's on my account that were caused by all my pdl's. So what do I do next? I know some of them I have not paid enough.
|
|
flyers10
Joined: 28 Jul 2007
Posts: 36
Debtcc Points: 1002
|
|
|
|
Posted: Fri Aug 03, 2007 9:59 pm Subject: flyers
|
|
|
flyers, please post what state you reside in and the names of the pdl's. Also state if they are internet or store front pdl's. Then list how much you borrowed (principle only) and the amount you have paid back so far. We can figure it out from there. 
|
|
cannr
Moderator
Joined: 07 Jun 2007
Posts: 9374
Debtcc Points: 124815
|
|
|
|
Posted: Fri Aug 03, 2007 10:43 pm Subject: From the state of pa
|
|
|
In my previous response I posted my loans with the amount borrowed andt the amt paid. These are all internet loans
|
|
flyers10
Joined: 28 Jul 2007
Posts: 36
Debtcc Points: 1002
|
|
|
|
Posted: Fri Aug 03, 2007 10:49 pm Subject: flyers
|
|
|
I'll find your post. You're in PA? I do know that there's a funky loophole in the PA internet lending laws. Makes it kind of hard to understand. They are all internet, I assume, since PA prohibits pdl's in your state?
|
|
cannr
Moderator
Joined: 07 Jun 2007
Posts: 9374
Debtcc Points: 124815
|
|
|
|
Posted: Sat Aug 04, 2007 10:21 am Subject:
|
|
|
Yeah, as Cannr was saying PA can be a bit confusing. If you go to the PA Dept of Finanical Inst. website (the dept in charge of regulating pdls) they clearly state on their website that with any loans taken out over the internet the companies only need to be licensed in ANOTHER state, and they would need to follow the laws of the state they are licensed in. But then if you call the AG's office, and get the right person on the right day, you can be told that these companies have to follow PA law no matter where they are located. I've called the AG's office there about 10 times now and get a different response every time I call, so it can be very hit or miss.
Since your bank closed your account due to nsf's, are you reported to chexsystems? Do you have a new bank account yet?
|
|
goudah2424
Moderator
Joined: 31 Oct 2006
Posts: 8007
Debtcc Points: 111615
|
|
|
|
Posted: Sat Aug 04, 2007 4:56 pm Subject: New account
|
|
|
I was able to open up a new account. I guess I wasn't reported to chexsystems because I was able to get that account. I have contacted paydayselect, they accept money orders and were very helpful.
|
|
flyers10
Joined: 28 Jul 2007
Posts: 36
Debtcc Points: 1002
|
|
|
|
Posted: Sun Aug 05, 2007 8:32 pm Subject: a question about delaware fast cash
|
|
|
I borrowed $1000 and paid them $300 x2 for fees and $100 towards the principal.That is $700. Legally I only need to pay them $300? How do you go about getting through to them. Midland borrowed $300 paid $560 in fees am i legally done paying them too? Above I posted all of my payday loans. Can anyone tell me which ones I am legally bound to pay on.
|
|
flyers10
Joined: 28 Jul 2007
Posts: 36
Debtcc Points: 1002
|
|
|
|
Posted: Sun Aug 05, 2007 8:40 pm Subject: which loans are legal
|
|
|
can anyone tell me which of the above pdls are legal. And when should I contact the AGs office? What info do I need to tell them?
|
|
flyers10
Joined: 28 Jul 2007
Posts: 36
Debtcc Points: 1002
|
|
|
|
Posted: Mon Aug 06, 2007 5:22 am Subject:
Latest Blog Post : Decision |
|
|
If you go to the web site for your AG's office, they have a complaint form on line. After closing your bank account (which you have done) you also need to send a letter to each ipdl revoking their right to debit your account and revoking any wage assignment you may or may not have signed...better safe than sorry.You can then either state to them your state law and the fact you overpaid or a request for a payment arrangement to pay off the balance you legally owe. Then file complaints on each one separtaly with the AG, the FTC, and BBB. You can find the forms on line at each site. Some sites let you file right on line...I had to print my forms, fill them out and mail them in.
_________________
If you think you can, you can...if you think you can't, your probably right...
http://lifewithyourcredit.yesdebtfree.org/
|
|
Morningstarr430
Debt Samaritan
Joined: 13 Jun 2007
Posts: 2337
Debtcc Points: 39294
|
|
|
|
Posted: Wed Aug 08, 2007 2:27 am Subject: what do you do if you over pay
|
|
|
If you take out a $300 loan and pay back$556 just by all the refianacing does it mean you have overpaid. I am a little confused about this. My bank account is closed and I am trying to figure out exactly what I owe on them. If I was just paying the finance charges over and over does that count? Is it what ever I pay them count as payment towards the principle.
|
|
flyers10
Joined: 28 Jul 2007
Posts: 36
Debtcc Points: 1002
|
|
|
|
Posted: Sat Aug 11, 2007 12:37 am Subject: Some good news
|
|
|
after my account was closed. I emailed paydayok, paydayselect and mycashtime about speeaking to the AG and I have received email from all 3 ststed that my loans are PID. HOORAY for me!!! Thanks to help of this forum and all the wonderful people here. I was able to put some dent into my pdl nightmare.
|
|
flyers10
Joined: 28 Jul 2007
Posts: 36
Debtcc Points: 1002
|
|
|
|
Posted: Sat Aug 11, 2007 6:33 pm Subject: flyers
|
|
|
flyers! YAY! You're doing good! If you need anything, just post. If you run into problems, just post! Keep up the good work! It does pay off, doesn't it? Congratulations on THREE PIF's! Awesome!
|
|
cannr
Moderator
Joined: 07 Jun 2007
Posts: 9374
Debtcc Points: 124815
|
|
|
|
