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Posted: Sat Dec 02, 2006 6:53 am Subject: any one heard of paydaymax.com

I live in NJ and from what i understand that the payday loans are prohibited. I have several loans out and are dealing with a few companies for settlements right now. My question is i took out a loan from paydaymax.com for 300 i paid 325 just in fees and extenstions (so they say). Now they claim i owe them 700 more dollars and are now calling my refrences to get info on me. i do have complaints in with the ag and bbb but not yet heard anything. Can someone help with this.

Posted: Sat Dec 02, 2006 9:26 am Subject:

Have you sent them the settlement letters? I would continue to stand your ground, and try sending them a cease and desist order, but they don't have to honor it since they are the original creditors, but some do follow it. I would also do a follow up with the AGs office and BBB with your complaints.

Posted: Sat Dec 02, 2006 9:51 am Subject:

well the calls are coming from credit protection depot not paydaymax themselves, so who should i send the settlement letter to

Posted: Sat Dec 02, 2006 9:52 am Subject:

also, what is the cease and desist order. is there a templete or something for that. they called my aunt last night and thankfully they got her voicemail, but its still embarrasing for them to call my family

Posted: Sat Dec 02, 2006 11:43 am Subject:

traci78 welcome to the boards, you can find a cease and desist letter template on my blog site. If you have the address for credit protection depot you need to send them a debt verfication letter also. You can find that template on my blog site also. Good luck and keep posting

Posted: Sat Dec 02, 2006 5:35 pm Subject: payday max

Traci, Credit protection depot is the people who process the payments for this company. Just like my cash now. Their phone number 866-6451661, let me know if you get anywhere with these people. KYSIDE38