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Lebub2 · Posted: Sun Nov 25, 2007 7:19 am Subject: PDL in NY

hey can someone suggest what to do I am in a PD nightmare. I have 5 pd loans and can barley keep above. Im not sure how much longer I can keep this going. Ihave my cash now $440, One CLick Cash $450, WEb Payday $600.00, United Cash Loans $450.00, and 500Fast Cash $400.00..i am paying almost $750.00 every 2 weeks and this is not touching prinicipal. I have been in this nightmare for months (pay one take anoother one out to pay the finance charge.) Any advice would be helpful, I just can't keep living like this.

Thanks

Posted: Sun Nov 25, 2007 7:24 am Subject:

Lebub, I am also in NY and the good news is that pay day loans are illegal in the state on NY

Lebub2 · Posted: Sun Nov 25, 2007 7:32 am Subject: PDL in NY

So can I call my bank tomorrow and ask them to close my account and notify the PDL that I am not paying anymore, that I have already satisfied my debt to them with based on the finance charges I have paid so far? Or do I need to go through the NYS Government offices first?

Thanks for your advice.

Posted: Sun Nov 25, 2007 7:36 am Subject:

wait to be sure your account is closed before you tell the pdl anything.If not they will go in and take everything. Be sure that once your account is closed that the bank will not force it open when an ach hits.
Yiu need to send a short letter to each , saying that you revoke any and all wage assignments you have signed with them ott any of their affiliates. first however close your account.do not stop payments, but close your account

Lebub2 · Posted: Sun Nov 25, 2007 7:50 am Subject: PDL NY

Thanks so much for your advice. I saw the PDL Templates from Polly, should I use those? ALso should I contact the NYS AG, can the PDL companies Sue me or garnish my wages?

Posted: Sun Nov 25, 2007 7:54 am Subject:

They can not sue you. They are illegal. In order to garnish wages , there needs to be a court order. They are illegally operating companies, no court will rule in their favor. A wage assignment is different. That is completely voluntary. That is why you revoke them. I dont know if any of your companies use them, but I senbt the letter to everyone. Yesa, contact the BBB and the ag. If you register(its free).I can send you a good letter to send. You can also just use the few sentences I used above to revoke wage assidnment

Posted: Sun Nov 25, 2007 8:13 am Subject: PDL NY

I believe I have registered now.

Posted: Sun Nov 25, 2007 8:15 am Subject:

yes you have.In the right side of the page under the word chat you will see a link that will tell you when you have a message. click on the link to open. I will pm you the letter in a few minutes. Doctor it up to fit your needs.

Posted: Mon Nov 26, 2007 5:50 am Subject:

Lebub, please let me know if you got the letter that I pm'd you.

Posted: Mon Nov 26, 2007 6:55 pm Subject: PDL in NY

Yes I did , thanks! I called the bank today and am getting the letters out tonight. I actually slept for more than a couple of hours last night Laughing

Posted: Mon Nov 26, 2007 7:25 pm Subject:

Just wanted you to know been there done that. I'm also from NY - I was drowning with 15 PDL's. I had some of the same ones as you. I did file numerous times with our AG office and they did nothing for me. Some of my best help came from the BBB of the states where the PDL's originated. It took a few months but once I made sure that I paid everyone back what I borrowed I was pretty much able to get them off my back. There were just a few that I currently owed some principle on - like you I had resigned enough times that they had gotten enough "interest" from me that I think they were willing to let me go.

Posted: Mon Nov 26, 2007 7:29 pm Subject:

Hey Mperez, good to see you, I hope all is well.We miss you around here.

Posted: Tue Nov 27, 2007 8:03 am Subject:

Polly's letter is probably the best, most legal sounding letter to use.

Guest · Posted: Tue Nov 27, 2007 8:05 am Subject:

The NY AG is doing something about these illegal payday loans. I for one know first hand. All mine have been forgiven with the AG help.

Posted: Tue Nov 27, 2007 8:09 am Subject:

We can only hope the NY AG is doing something. They have helped some people greatly , while others have gotten conflicting info from then. I am also in NY and they were helpful to me.

Posted: Tue Nov 27, 2007 8:10 am Subject:

I know that when Elliot Spitzer was in office, he really cracked down on these companies. I'm not sure the new AG has the same interest in closing them all down . . . .

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