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Posted: Wed Jan 23, 2008 3:27 pm Subject: Question about PayDayMax

I took out a $500 loan from paydaymax.com on 11/28/07. I have since paid them $458.04. I sent them the letter on Friday telling them that I would only pay the remaining principal and the legally allowed interest on this loan and also that they were no longer allowed to debit my bank account. A payment was withdrawn Friday morning as scheduled (no problem as this happened before I revoked their ACH authorization).

Today they sent me an email saying that my account is seriously delinquent and that they are referring me to collections if I don't pay $411.82 within 10 days (good luck with that).

Why are they saying I am delinquent when I am not? Is this just a scare tactic since I am disputing their legality? Has anyone had this happen before? Also, I cannot log in to my account online anymore.

--Amanda

Posted: Wed Jan 23, 2008 3:41 pm Subject:

It's probably just a scare tactic, since you were never late.

One time when I paid off my loan with them, I was not able to log in online unless I called that 800 # first. They said it was so they can update my records LOL

I would send them another letter, and I would also block them from debiting your account or closing your account if you have not sone so already.

Posted: Wed Jan 23, 2008 3:46 pm Subject:

Good advice..what state are you in, was this internet or store front? Take tiffer's advice and close your account but make sure that you read the sticky on closing your account so that you completely understand everything.

ladybug