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Shelly73 · Posted: Tue Apr 01, 2008 12:35 pm Subject: PayDay Max

Just got this letter in Email? Umm Yeah what should I do next. I don't have money to pay them right now. If I did I would be paying them.

Credit Protection Depot
1-866-645-1661

CLOSED ACCOUNT WARNING

We have received information from your bank that you have closed the account, which you authorized to be debited in order to repay your legally binding loan obligation. We consider this to be a refusal to repay your debt and will immediately initiate action to protect our interest. We must require that you render your payment in the amount of $694.28 via western union quick collect or moneygram immediately. This payment reflects your balance as of April 1st 2008.

We may also initiate other action, which may include, but not be limited to, obtaining legal representation, (which would create additional charges to you), if we do determine that a request be made for service or a court appearance for a possible judgment be issued against you for the repayment of this legally binding debt.

Depending on the circumstances surrounding how you obtained the loan, we may also initiate internal investigation to ensure all information submitted on the loan application was accurate and not done fraudulently in order to attempt to obtain a loan under false pretenses.

You need to go to Western Union and get the BLUE QUICK COLLECT FORM (or go to westernunion and choose the quick collection option)

1. COMPANY NAME: CREDIT PROTECTION DEPOT
2. CODE CITY: OFFER (ONE WORD NO SPACES).
3. STATE: NEVADA
4. ACCOUNT #: Your Social Security Number
5. The reference # is Your Telephone Number

You can also use your debit card or various charge cards at westernunion

OR you can go to Moneygram and get the BLUE EXPRESSPAYMENT FORM
1. The Company name is: CPD-OFFER
2. The Receive Code is: 4243
3. The City is: Las Vegas
4. The State is: Nevada
5. The Account Number is: 1430899302

If you are unable to pay $694.28 for the entire balance on the loan then we must require a minimum payment of $231.43 place the account on hold.

If this account is referred for further review and action to our outside firm for additional collection efforts, it will commence activity on the account to be done to the fullest extent of the law in order to protect our interest in this matter. At that point, you will be responsible for all additional fees associated with costs involved for the collection of this debt.

Please call us immediately with the Control Number of your wire in order to update your account and to avoid other action and charges to you.

I would highly suggest you call 1-866-645-1661 to resolve this matter immediately. This is the only way for you to resolve this very serious situation, which you have initiated. Your failure to do so may result in the above-mentioned action being taken

Thank you,

Credit Protection Depot

Posted: Tue Apr 01, 2008 2:03 pm Subject:

What state are you in. Have you paid anything on this so far?

Shelly73 · Posted: Tue Apr 01, 2008 2:04 pm Subject:

Anybody??
I live in NJ. My initial Loan was for $640. I've paid $587.74 so far as extension fees and interest. I closed my bank account already. What should I do next??

Shelly73 · Posted: Tue Apr 01, 2008 2:05 pm Subject:

O great we posted at the same time.

Posted: Tue Apr 01, 2008 2:18 pm Subject:

Payday loans are illegal in NJ. Pay them the balance up to the original amount and forget about them. They won't forget about you but they made an illegal loan and will not be able to collect on it. Do not be surprised if they tell you the sheriff is coming to get you. Fuh gettabout it! They are full of BS. I am from NJ but live in Fla now! Once you pay what you morally owe send them a letter telling them that you will not hesitate to file charges against them if they continue to harrass you. The ball will be in your court at that time!

Posted: Tue Apr 01, 2008 2:27 pm Subject:

Please follow frogs advice! Pay what you morally owe & forget about those idiots.

Posted: Tue Apr 01, 2008 4:43 pm Subject:

I never got any emails from CPD. One phone call and then an offer to repay what was remaining on my original loan. Sent it via Moneygram and that was that.

Shelly73 · Posted: Tue Apr 01, 2008 6:55 pm Subject:

So being that I've already giving them $587.74 in interest and loan extensions I only really owe them $52.26? Is that correct?

Posted: Tue Apr 01, 2008 8:02 pm Subject:

I would say that is correct!!!!

Shelly73 · Posted: Tue Apr 01, 2008 8:11 pm Subject:

That is F'n SWELL!!! I can't wait to tell them to kiss my ass!! Thanks. I'm never taking out another loan though. I've been using PayDay Max Since 2004 and I've paid them so much money in extensions and interest it's freaking sick!! This is first time I've not been able to pay them. I will not be using them again nor will I be using any other PDL company. I'm done!

Posted: Wed Apr 02, 2008 4:42 am Subject:

Hey Shelly. I got almost the exact same email from them about a week ago. Except, I had blocked them from my account instead of closing it (can't do that until this Fri.) But, they threatened me with turning me over to the FBI instead of an internal investigation!!! So funny. Like the FBI has nothing better to do than chase down people who supposedly default on pdls! CPD is so dumb! Congrats on almost having them out of your hair!

Shelly73 · Posted: Wed Apr 02, 2008 6:30 am Subject:

So sorry I posted that so many times. Everytime I went to post it wasn't there so I posted again. But yeah the next time they call I will answer the phone..lol

Posted: Thu Apr 03, 2008 3:35 am Subject:

Good for you on your resolve to never take out a PDL again ^_^ In the beginning, I think most of us were able to handle them for awhile...but something always changes somewhere along the way and they are no longer "short-term financial relief" but long-term suffering and stress.