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SDJ · Posted: Wed Nov 21, 2007 8:11 am Subject: Payments returned

In an effort to pay off a payday loan, I decided to send the company what I could when I could. They told me that they would send this payments back to me if I did that. How is something like that handled if they return my payments?

Posted: Wed Nov 21, 2007 8:14 am Subject:

I have never heard of a PDL company returning a payment not one cent to anyone. They will keep your payment , and then try to get as much as possible from you. Do not think for one second that they will send back your payment. It wont happen.

Posted: Wed Nov 21, 2007 8:28 am Subject:

NO...they will not return it...I am dealing with one that has taken a check from my debt counselor and still is trying to get more money from me! However I am only working through my counselor and not them. Like he says they will eventually accept the terms.
But keep us posted on what they do...

Posted: Wed Nov 21, 2007 9:06 am Subject:

Agreeing with all before me. I have never heard of a PDL sending back money. I have heard of them taking it and saying they never got it or taking a check from a new checking account and going in and taking the money out of it. Money order only and one that is traceable like the USPS.

Posted: Wed Nov 21, 2007 10:06 am Subject:

I have never heard of them sending back money either. I have a friend who is working with T&C and was told that the checks RARELY get sent back and when they do, they will contact them to ask why the checks were returned. But, my friend told me that she was told that as long as they receive something, they will most likely accept it. They won't like it, but they will take it because they are greedy!

Posted: Wed Nov 21, 2007 11:19 am Subject:

I am working with T&C and I had two different storefront companies send back checks to them. They wanted a bigger amount for payments and I believe if they cashed the first round of checks they may have agreed to the lower payment amount. It's possible for pdl companies to send checks back. If it does come back keep copies of everything just in case they would sue you in court. At least you have proof to the judge you are trying to repay them back.

Posted: Wed Nov 21, 2007 11:23 am Subject:

Ryan, I think it may be different in your case. A pdl would never send a payment back. It just is not done. They take take take until they just can not take any more.

Posted: Wed Nov 21, 2007 12:21 pm Subject:

Thanks Ryan. I will let my friend know that there is a possibility of the checks being returned. I know that T&C did warn her of the possibility, but they said that it doesn't happen too often. That is a good idea to keep copies in the even that they try to take her to court. Hopefully they will cash the mess out of them because she is anxious to get them paid off. She has only sent in two payments to T&C, so I guess she needs to wait and let things get really rolling. All of her stuff is storefront. So far one of the local companies has cashed their payment. The others are more "chain" or national pdls, so they may be a little more difficult to deal with. Ryan, did you happen to deal with Quick Cash or Checkmax? They are the ones she is worried about.

Posted: Wed Nov 21, 2007 12:46 pm Subject:

I did have one with Quick Cash and here is my little story about them. I told the manager I was doing T&C and for her to call them. The manager of QC called me back and said I will accept their propsal. Well, I figured the manager signed the T&C propsal but she never did and over time it went to QC inhouse collections. They (QC inhouse) were real easy to work with and very understanding. So, if the store manager tells you anything, make sure they fax you over a letter saying the accept it. QC is allowing me to pay 25 bucks a month on repayment to them.

Posted: Wed Nov 21, 2007 1:58 pm Subject:

Another thing my friend is afraid of is that they will come to her house trying to collect before the ball really gets going with T&C. Did that ever happen to you Ryan?

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