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Posted: Thu Mar 29, 2007 2:52 pm Subject: Another one bites the dust!

O.k. - I have been emailing back and forth to USA Pay day loan since the beginning of last week. I took a loan out with them for $300. Since that time I have paid back a total of $270. I wrote them a letter of settlement telling them that they weren't even licensed in my state and that my state doesn't allow rollovers and that I was willing to settle for $120 to close the account. The first guy I was talking to was a JERK. Said I didn't know anything about my states laws, etc. that I needed to hire an attorney if I was going to fight it etc. I just stopped emailing him and was going to just turn this PDL over to T&C with my others. Well I call in today to get my account number and mailing address from this company to provide to T&C and spoke to a different guy in the collections department. We went around and around and he wanted to know why I wanted the address and I let him know I was turning it over to my debt consolidating firm. He put me on hold and came back on about 5 minutes later and said that he would settle the account for $120 - once that was received the account would be considered paid in full and closed. I asked him to email me something in writing to that effect and not 2 minutes later it was in my in-box! Thats 3 down for me in the last 2 days.
I so can see a light at the end of the tunnel. Thanks to everyone on this site that has given me the knowledge and the courage to finally stand up to these guys! Very Happy

Posted: Thu Mar 29, 2007 3:00 pm Subject:

Congratulations! You are learning everything from your experience. I am glad to know that you are slowly coming out of the PDL mess. Don't forget to get the PIF letter after paying $120. It will be your final proof of the account with a zero balance.