ULC

Most companies are willing to work according to the plan you propose. They may offer some extensions if you have every intentions to pay the debts. Partial payments are better than paying nothing at all. You need to show some activity on your account.

Legit companies can take legal actions for recovering their money if the amount is too big and they can recover the court costs and attorney fees from filing that case. If not, they will send the account to collections or sell it off. Then, you will have to deal with third party collection agencies only.

Quote:

What companies do you have your pdl's with? How much did you borrow/pay back? What state are you in?

To answer the specifc question, you could be sued, your wages can be garnished, judgements can be entered against you, etc. But it depends on the situation. Most people's situation will never get that far. But it all depends on what state you are in and what companies you borrowed from.

Well I'm with one company now they are Bass & Associates, and I have sent the 650 dollars already. But when they call me they want me to send like 1000 and I can't send 1000 in one shot. So I tell them I'll send 100 and they say no we can not take that little payment. I am in NJ.

I owe ten dollar pay day, OLC and pay day edvance. What is the worst the can happen?

Do a search on this site for Bass and Assoc. They are a collection agency that breaks every law in the book.

In NJ pdl's are PROHIBITED!!! You only owe for the principle.

http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

The worst that could happen is they sue you, take you to court, you tell the judge that the pdl is illegal, and charging you illegal interest. Oh, and they will report you to teletrack, a credit reporting agency that only sub prime lenders use.

Since pdl's are illegal in your state, you need to start writing letters and trying to get your loans marked paid in full (assuming you've already paid the principle amount). I'm assuming you've already defaulted, since at least one loan is at Bass and Assoc. Is this correct?

yes

Yeah because I only own 300 and they charged me like 200 to 300 in interest thats crazy. So what do I do? All pdl are illegal in NJ?

Yes, that is what the state law says.

I would start writing letters to your pdl's telling citing the laws on NJ, and asking that your loans be marked paid in full.

If you do a search on this site you can find some example and get a good idea of what the letter should be like.

PS - I deleted the duplicate posts . . . .

Will this go on me credit report?

Odds are no it won't. Most pdl's use a reporting agency called teletrack. It will go on that report. The only lenders that use that reporting agency are sub prime lenders, such as payday loans, pay by the week furniture stores, and other high interest places.

oh ok cause I don't want them to mess up my credit. Ok thank so much... I have to go now I will be back on tomorrow to ask more questions. Thanks again. BYE!

Hello it is me jcf0727. Now I only have to pay the amount I borrowed that is all right?

cause they say that the total amount on the three loans are 2352.00 and but that amount has all this crazy interset that they have add on to it. So what should I say to them?

Is Bass & Associates handling all of the loans? Or is this UCL telling you this?

When your state has laws prohibiting pdl's then you are only responsible for paying back the principle amount borrowed. If you state has interest rate caps, then you pay back the principle plus the allowed interest.

ULC has loans as well but I paid them.

Where do I find out the rate cap in my state?

I need help to get ou of these pay day loans. As for Bass and Associates what do I need to say to them when they want to me pay in these high amounts and the don't want to take me 100.00 payments? And about the interset that they added on too? Should I get a attorny or can I do this myself?

hello can any help me with pdl's?

If I forgot who I borrowed money from how I find out?

If they are pdls and they are coming directly out of your bank account, look at your bank account and see what it says as far as who is taking out the money each time. This will give you a start. You can look at back statements and see how much you actually borrowed and how much you have paid each company by looking at each month's statements. You may have already paid more than you needed to, but check to make sure. I would start there to see who you are paying and then you can post it here and people may be able to help you find out who you are paying, also the bank may actually have some information in regards to the transactions. This is a start.

no to I need an attorny for Bass and Associates and ULC?

Sorry I mean now do I :)

No, bass and ass can't do anything to you.

ok, Thank you so much. I thank god I found thid site and for every one that has been helping me too. :)

Can they take my wages and will they?

Also can I fight with them to only pay the amount I borrower and the interset allowed in the state of nj?

Can I try to scare them and tell them I have an attorney and cite nj state laws to them? Where can I get these documents that state this?

They could try to assign your wages. Some pdl's put this in the contract. It is completly voluntary. All you need to do is send them a certified letter stating that you revoke any and all wage assignments you may have signed.

Yes, you can fight them. You should only pay what is legally allowed for your state. Since NJ prohibits pdl's, you are only responsible for the principle amount borrowed.

No, don't try and scare them. First off, it probably won't work. They don't care if you have a lawyer. Plus they know lawyers cost a lot of money and if you had a lot of money you wouldn't have taken out a pdl. Second, it could be considered extortion. That could make a bad situation much worse for you. You can tell them the NJ laws, they are located at paydayloaninfo.org. You really should write them letters with this info, as that can be tracked if you ever need proof of what was said.

What should the letters say? Can they be typed?

Yes, they can be typed. They should be typed.

They just need to state your case. Cite they laws of NJ and say that since they are breaking these laws your loan should be marked paid in full. I would also contact the NJ attorney general's office and see what they suggest, since pdl's are prohibited in your state.

Well I shouldn't worry that much right becasue they do not know where I curently work and my empolyer dose not report to the credit. So they can not find out where I work?

What are Debtcc Points?

You earn money for each post you make. Here is the post explaining it all:

http://www.debtconsolidationcare.com/forums/about553.html

Can they find out where I work?

how dose the Donate work?

Who find out where you work?

If you want to donate your points to someone, you click on the "donate" link under there name and you can donate as many of your points to them.

Bass

Did you put your employer on the application for the pdl? Or if it shows up on any public records then yes, they could find out.

no I did not, and my empolyer dose not report on credit reports also.

But if you have applied for credit anywhere while working at that job and put the job on your app it could be on there. I'm just letting you know there is a chance they can find out.

no this job is new I just got it and all my cards have my old job info. And I have not applied for any credit.

Do not send Bass and Associates money. They are crooks. They are already under investigation for utilizing illegal tactics on consumers. Get informed.

Hey jcf 0727
I am working on a one stop shop so you don't have to take the time to search out all the information you need. It is a work in progress, but I have a real good start. I have template tips and letters that may help you out. Read the tips page first. This is all information that I have used working on my own mess. You can go to http://thehub.yesdebtfree.org look on the side bar for financial pages, there you will find what you need to get started all in one spot. Let me know what you think. Feedback is always good.

fedupinpa: Can't wait to see the finished product.

yes it was a pdl and I have already have paid them 650.00 they say I owe like 2,000.00 still. What I don't understand is that they do not hound me everyday only once or twice a month. Don't you think that is funny?

can I have you input as well anthony when ever you get a chance? I have paid the 650.00 alrealy and they still say I owe 2,000.00. And that is not ture at all.

I may dealing with this company and they don't call me every day. They kind of call me twice a month to see you I am going to pay again. But I already have pais $650.00 to them through money gram. My PDL's that I took out only add up to 800.00 the principle amount. But they added all this interest and told me that I have to pay 750.00 for each three loans and they total out to $2,250.00. But I line in NJ and in my state PDL's are not allowed at all they are prohibited. I need help on how to deal with these crooks. I have as well spoken to David Jacobs and his assistant that has my file as she claims Patty Moore. Her ext is 315. What should I do I need help!!!!????

fedupinpa: have you delt with this company?