My story...all too common

Pernoleum, Welcome to the site. You have definately come to the right place. There is so much support and advice here. Hope we can be of help to you. Good Luck KYSIDE38

You will get abundant help for sure. This forum has been helpful to many. Many people here will hold you along until all your problems are solved or at least you find an easier way to tackle it. Experiences teach a very hard lesson. We all are going through our own share.

When you go to close your bank account, don't forget to keep in touch with your lenders also. They may try to take any actions against you when they don't get money from your account. The worst thing will be to deal with the debt collectors doing shady businesses. Try to avoid that situation at any cost. Keep in contact with the companies over the phone also so that you remain updated.

thanks for the advice about keeping the lenders informed...I'm sure that will be the key to my success with this process!

Do you mind telling which companies you are dealing with? Someone can give you insight on how to deal with them because most of the internet/storefront lenders have been discussed here.

Of course...I should have included them in my initial post...

JD Marketing
SJM Marketing
VC Capital
ameriloan
Interim
Ambassador (aka Nationwide)

I'm not as concerned with the storefront companies, I can pay them down a little at a time so it won't be so bad. I just don't like the ones that take my money out before my paycheck hits the bank! :P

You know, there a lot having experiences with these companies you posted. Put a search with the company name on the google box above. You will find links to the discussions on these companies. Read others experiences and possible ways to deal with the problems. I hope it helps.

Pernoleum,
Welcome to the site, I hope you find a ton of helpful information. I can tell you that I have dealt with three of the online lenders you have and here is my experience

JD Marketing
Placed a hold on my account, sent a letter revoking authoriztion and also stated that they would be receiving a proposal from my credit counselor. Made a follow up call about a week later. They said they received my letter and they were just waiting for my proposal stating my payment arrangements. They also thanked me for calling them.

ameriloan
Closed account and called to let them know, sent a proposal and started making payments, never gave me any problems

SJM Marketing (Platinum B Services)
This is the worst one I had to deal with, sent account to nasty collection agency and have been receiving nasty harrassing phone calls. Be prepared for this one. Do a search and you will see what I am talking about.

Hope this helps you out a little bit.

PinkLady, you have composed your post very nicely. I liked the way you have put to help Pernoleum in the best way you can. :)

Yes, thanks to Pinklady and all of you who have so kindly shared your experiences and knowledge with me! It makes the road much easier to travel with the support of those who have gone before me!

Good luck to all of us!