Now I'm Pissed!

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Sub: Now I'm Pissed!

Thu, 07/26/2012 - 20:19

I went into Check N Go today to set up the EPP as the first step in getting my situation under control. The only girl working had to call and ask for help doing it and when she hung up said simply "Sorry, these are only for payday loans, not installment loans." I CALLED AHEAD YESTERDAY! I drove 30 minutes out of my way from work on my lunch hour to get it taken care of because she gave me wrong information. She then told me that installment loans have no options, just make your payment. Oh yeah, like its that easy you dumb jerk.

Ace Cash is telling me the same thing, they won't do an extended payment plan on an installment loan. I've tried calling EZMoney corporate about 5 time today and it goes to a voicemail to have someone call back.

I give up, this proves I can't work with them now so I'm going to send out ACH revocations to force the accounts to collections and try to work with them. I'm just scared if I do that the collections people will want 4 equal payments on each loan and I can't afford that. I can't afford anything anymore :( I just want to cry.

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OhioGal1

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Sub: #1 I would still try calling corporate for all of these before giviThu, 07/26/2012 - 13:47

I would still try calling corporate for all of these before givi

I would still try calling corporate for all of these before giving up. The storefronts just don't have the same level of expertise.

For the installment loans, you don't want an EPP. You want to renegotiate the terms of the agreement.

How to Deal with Unlicensed/Illegal Payday Lenders - Step by Step Instructions

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erinschomaeker

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Sub: #2 This information came from corporate. I called the corporate ofThu, 07/26/2012 - 13:58

This information came from corporate. I called the corporate of

This information came from corporate. I called the corporate office after I talked to the girl and they said the same thing. Same with Ace Cash. Installment loans just don't get lumped into the EPP programs.

So I emailed Ace Cash to see if I have enough time for them to revoke the ACH authorization as its my payday tomorrow. She confirmed if I revoked it would immediately be sent to collections and I could work with them on an arrangement.

I was paying $240 every pay period for this installment loan through ACE. If I broke the installment loan into 2 $400 PDL I would only have a minimum payment of about $150 for the 2 and I could set one up on EPP. The payments would be more affordable than the full $950 balance.

At this point I'm grasping at straws. I think its too late to revoke ACH before my payday tomorrow so I'll have to pay one more round of fees and then I'll revoke ACH asap on the remaining to see if I can get collections plans set up in time for the stupid next payday. I don't even look forward to getting paid anymore.

waffles
dirving@usa.com

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Sub: #3 It's not too late. Revoke it now. You might even be able to use Thu, 07/26/2012 - 18:34

It's not too late. Revoke it now. You might even be able to use

It's not too late. Revoke it now. You might even be able to use that as a bargaining chip when negotiating with collections if they do get the charges through, i.e. "you debited my account even when I revoked ACH therefore I want 10% of the balance excused" or something along those lines.

Is my payday lender illegal in my state?

How to deal with illegal lenders, courtesy of OhioGal

How to write a proper debt validation request, courtesy of SOAPLADY

How to deal with a Collection agency contacting you for PDLs

SOAPLADY
LYNNINMN@AOL.COM

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Sub: #4 Actually it would be too late to submit an ACH revocation for toThu, 07/26/2012 - 18:42

Actually it would be too late to submit an ACH revocation for to

Actually it would be too late to submit an ACH revocation for tomorrow...most electronic withdrawals are submitted just after midnight. Call and put a stop payment on it...that fee has to be less than the fee they will charge you.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com...allenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com...imitation.html

waffles
dirving@usa.com

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Sub: #5 Right, but she can claim that they failed to listen to her ACH rThu, 07/26/2012 - 18:48

Right, but she can claim that they failed to listen to her ACH r

Right, but she can claim that they failed to listen to her ACH revocation. It couldn't hurt in the negotiations process.

SOAPLADY
LYNNINMN@AOL.COM

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Sub: #6 Have you ever read Reg E?? Technically it requires 3 days noticThu, 07/26/2012 - 18:52

Have you ever read Reg E?? Technically it requires 3 days notic

Have you ever read Reg E?? Technically it requires 3 days notice! It cannot be considered ignored if it was received in non business hours.

waffles
dirving@usa.com

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Sub: #7 I know how ACH works.. I work for a CC company but I was suggestThu, 07/26/2012 - 19:05

I know how ACH works.. I work for a CC company but I was suggest

I know how ACH works.. I work for a CC company but I was suggesting something that could be argued to help bring the balance down in the negotiations process. It never hurts to build up even the smallest ammunition.

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LYNNINMN@AOL.COM

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Sub: #8 You may work for a credit card company but your knowledge is lacThu, 07/26/2012 - 19:22

You may work for a credit card company but your knowledge is lac

You may work for a credit card company but your knowledge is lacking when it comes to third party collections.

waffles
dirving@usa.com

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Sub: #9 How so? I wasn't suggesting she could actually get them to hold Thu, 07/26/2012 - 19:57

How so? I wasn't suggesting she could actually get them to hold

How so? I wasn't suggesting she could actually get them to hold back the charges, she could just use it as extra fodder in her negotiations. Granted you know more about third party collections than I do, I don't see how what I said is essentially incorrect information.