I am in serious debt with PDL companys
Date: Sun, 04/29/2007 - 07:12
What state are you in? Are these storefront or internet? How m
What state are you in?
Are these storefront or internet?
How much did you borrow, from what company and how much have you paid in so called fees?
I am in serious debt with PDL companies
I have a $300 balance with ameriloan
A $100 balance with Paychecktoday.com
And an obscene balance of $2600 with Cashcall
I live in Connecticut.
I don't know what to do and am in serious financial trouble. Plus my credit rating in garbage, so no trying to get a low intrest loan to pay any of these companies off.
What was the original loan amount for ameriloan and Paycheck tod
What was the original loan amount for ameriloan and Paycheck today???
Cashcall is not technically considered a PDL...they are considered a loan company so I dont know that I can offer you much advice on that one..I do know that they charge an obscene amount in interest. I know thier loan for 5 grand ends up costing over 21 grand
Ok regardless of how much they tell you your balance is..how muc
Ok regardless of how much they tell you your balance is..how much have you paid them in so called fees?
I have paid ameriloan well over $450 Paychecktoday at least $30
I have paid ameriloan well over $450
Paychecktoday at least $300
Ok so in Ct, PDL's are illegal which means that neither company
Ok so in Ct, PDL's are illegal which means that neither company should have ever lended to you. FIrst thing you need to do is: CLOSE YOUR CHECKING ACCOUNT AND OPEN A NEW ONE. That is so you can regain financial control over your life. This step is important, if you read through the threads you will see many people were debited continuously and into the negative!
Secondly, you need to send a letter to both PDL's recoking a)the
Secondly, you need to send a letter to both PDL's recoking a)their right to debit your account(they will still try to do so but this way your behind is covered) and b)revoking any voluntary wage assignment that you may have signed c)telling them that PDL's are prohibited in CT and as such these loans are paid in full and request a PIF letter.
Third-YOu need to notify your payroll dept that you have revoked
Third-YOu need to notify your payroll dept that you have revoked any voluntary wage assignment, that way these companies cannot try to take your paycheck! Then you need to file complaints on both the companies with your Attorney General. Asfar as the cashcall, I would contact the number in the law section i sent you because it seems your state has a certain cap on loans so maybe they can offer you some assistance on that one