Pay Day Loans

Kerrie, Here is a link to a letter that is posted in another thread. You can use it as a template and alter it to fit your situation.

http://www.debtconsolidationcare.com...ding-loan.html

Thank you for your help with the letter, I am going to get them all ready tonight. I am going to my bank in the morning.

I went to the DFI website and looked up all of the payday lenders I have, none of which came up. Do you think this is correct or did I do something wrong?

Thank you again everyone for all the information!!!!

I am inclned to think that you are on the right track. Just by looking at your companies, I know most of them not to be legal...matter of fact several are subsideries of MTE...which is completely illegal. Be sure to mail your letters certified return receipt...that way you have documentation you sent them. Also, do not send those letters until your account is completely taken care of. If you need anything else, just post or pm. You are doing a great job. - Roxy


Ps....this is some helpful information to read before going to your bank, in case it has not already been posted.

http://www.debtconsolidationcare.com...e-account.html

Thank you very much.

I have another question, I received a letter in the mail today from my bank informing of 8 different transactions that were posted to my account yesterday. After looking at all of my stuff, I have no idea where they are coming from or for what. All of my payday loans have been accounted for. This just started on this payday and I have not opened up anything new. The debits read just like a payday company. They include: Eagle Finance, MTE Financial, GRC Funding and EME Marketing. I just don't know why they would be debiting anything from my account.

These are PDL's....Damn! You said your pdl transactions were all accounted for...these are in addition to.. Did any of these companies deposit any money in your account. I recognized several of your pdls as MTE companies...Dispute these with your bank...Go back through your statements and see if any of these companies deposited $$ you were not aware of. You need to close/block your account asap before you loose andy more money.

I have gone through everything and these 4 companies are in addition to my payday loans. I only have deposits from the payday loans I originally posted, (I have also gone through and accounted for each one of their payments) these are additional debits and I don't see any deposits from them?...

When I send out the letters tomorrow after I close my account or put a hold on it, should I also email the companies that I have the email addresses too?

I emailed, faxed and mailed letters just to make sure I had them covered in all areas. So some of my companies may have gotten the letter three times...LOL, but at least they couldn't say they didn't receive it.

Kerrie, be sure your bank understands that these are not authorized debits...you never took a loan from these companies. And I did the same as PinkLady...emailed, faxed all of it becuase I was not sure of the addresses and wanted to be really sure they received my letters.

i saw where roxy said several of there pdl's are d/b/a's of MTE?
then i would dispute it all.MTE has more than 20 d/b/a's,and
can attempt to debit under any number of them.if you could
get the specific co name that debited that would help.

Thank you everyone, I have all of the ready. I am heading to the bank in a few hours and after that I will send out the letters. I will let you know what happens.
Thanks again!!

Best of Luck and keep us Posted :P

I received a loan from B.I.G Int last week. When I spoke to them they told me that being a first timer if I paid it back in full on y first due date, there would be NO INTEREST (a special they said they had going on). Well my first due date was yesterday and they took $80 out of my account. When I called they told me this was the processing fee to role my loan over. I advised that I had agreed to pay it back in full (which was $200). They told me I would have to pay $280 (the loan plus the processing fee) and that I could pay it back the next time around. I am LIVID. This would mean that I've paid these people $360 for a $200 loan. What can I do?

Tamica, BIG is VERY illegal, they will drain your account dry unless you close your account, or place a hard debit block on it. They are more crooked than a dogs hind leg!

tell them in very plain terms take out the entire balance,if they don't.i would put a hard block on your account,then open a new
one.BIG is totally illegal and located in the UK.they will most
likely debit indefinitely.stop that from happening.

Hi Everyone,
I just got back from my bank. I was able to close my account!! I asked to get an updated statement and there are 2 more companies that I never authorized to take money out. The 2 companies are Money & More and LIC. Has anyone ever heard of them?? My bank said that I need to contact the companies before they can do anything? Is this correct?

Also, I did not open another account yet, do you think I should go to a different bank? I just want to make sure that I stop all of these companies from taking my money..

Thank you