Internet's first get-out-of-debt community - 135,000 members

Is there anyone out there that has payday loans and live in new york and can relate step by step how they went through the process of getting rid of these payday loans i just wanted feedback from other people who are in the same boat as me . Please anyone please send me a message. Thank you.

Posted: Fri Oct 12, 2007 10:14 am Subject:

Jass. i spent over an hour with you on the other post. I live in Ny and started with 7 loans , and am down to 3 whats up.?????

Posted: Fri Oct 12, 2007 10:20 am Subject:

I am sorry i am new at this. I have a couple of checks that didn't clear yet should i just close my checking account anyway.

Posted: Fri Oct 12, 2007 10:24 am Subject:

Just a word of advice - When you type in all caps it makes it hard to read and can be read as you are "screaming" . . . . It makes things easier for those trying to help you when you don't type all in caps. Very Happy

Posted: Fri Oct 12, 2007 10:31 am Subject:

Thanks for the input. I have some checks that haven't cleared yet should I close my account anyway?

Posted: Fri Oct 12, 2007 10:40 am Subject:

Some checks to retailers? I would not close it. Those checks would go back and you could be criminally liable for them.

Posted: Fri Oct 12, 2007 10:50 am Subject:

Ok so I will not close it until the checks clear but then the ach debits will go through for these payday loans until the checks clear.

Posted: Fri Oct 12, 2007 11:19 am Subject:

See if your bank will put a block on ach debits

Posted: Fri Oct 12, 2007 11:45 am Subject:

Yes, check out this thread:

http://www.debtconsolidationcare.com/paydayloan/close-account.html

It's got some information about the different blocks and holds that banks can put on your account.

Posted: Fri Oct 12, 2007 11:45 am Subject:

Goudah , I posted all of that on her other thread

Posted: Fri Oct 12, 2007 11:47 am Subject:

I hate to bother you again but i was looking at there websites with the disclosures and it saysYou understand if at anytime your account becomes delinquent, we or our designated servicer will follow the Fair Debt Collection Practices Act during attempts of repayment of your loan. I was just wondering if all these websites show disclosures like this to make you believe they are legit.

Posted: Fri Oct 12, 2007 11:49 am Subject:

They are all illegal. They say what ever they want. They do try to make you think they are operating legally. Pay day loans are prohibited in NY

Posted: Sat Oct 13, 2007 11:51 am Subject:

Please click on the link below. All PDLs are illegal in the State of New York.

http://www.debtconsolidationcare.com/newyork/pdl-laws.html

Contact your AG and Department of Banking.

PDL's can be charged criminally and civil.

Posted: Sat Oct 13, 2007 9:16 pm Subject:

Hi -
I from NY and I started out with 15 payday loans. I was able to get 11 PIF and I believe the other 4 have also closed out my accounts as I haven't heard from them since the initial communications when I closed my checking account.
I had no luck with the NY Banking department. I also got quite the runaround with the NY AG's office. My last round of complaints has never even gotten a response from the AG office. BUT I would still file if I were you because eventually they are going to have to do something. The more complaints they get than the more they are going to have to admit there is a problem there.
Payday loans are illegal in NY but numerous souces from the NY Banking Department and AG office told me that the laws did not include the internet payday loans. The majority of them are unlicensed so the odds of them coming after you and winning are slim.
I did make sure that all of the principle amounts I borrowed were paid back. In some cases I made moneygram payments after my checking account was closed. I even had two settlement offers with dba's of MTE loans and all they wanted was the principle paid off and they applied all of my "interest" payments I had made before hand to the principle.
Finding this sight was a lifesaver for me - you can get through this just follow the advice of all the experts you will find here.

Posted: Sat Oct 13, 2007 9:23 pm Subject:

Mperez
where have you been? ts good to see you.

Posted: Sat Oct 13, 2007 9:36 pm Subject:

Sorry I've been MIA - I've had my hands full with my son and work and anytime I did have free has been spent sleeping! I realize how I need to take care of me sometimes too and so I'm going to put more effort in to finding time to be here!

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