Help with Pdls

hello,someone should be along to give the laws does sounds like you well overpaid.oh by the way welcome to the forums.

You will find the Payday loan laws for South Carolina here (just select your state),
http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html

you need to close yor checking account asap to prevent these people from taking any more money from you.Open a new account at an unrelated bank That is your first step.

Is there any way I can try and talk with the companies first? As in, speaking with someone, letters to send to them, etc? If so, what should I say and what letters should I send. I'm completely new to this and I would like to have closing my account as a last resort.

Never speak to the companies or send them any thing prior to closing your account. If they get any sort of an idea about you closing your account, not paying them any thing else, they will go into your account and bleed you dry. They will take everthing. Also stop payments do not work. They will just go in under another name and take it all. You must close your account.It is a pain, but it must be done.We have all done it. After it is closed there is a letter to send out.

Thanks so much for the help you've already given me. I'll start on this today! Once I close my account, what letters will I need to send to the companies?

If you register i can PM you a letter or else i can post one for you. You will need to dr. it up to fit your specific needs.

Can you post it here for me?

Here is the letter. Volleyballmom wrote it, and many members have used it.

DATE

Name and Address of PDL

After doing research on internet payday loan laws in the state of YOUR STATE' S NAME, I have found that your internet payday loans are actually illegal. I have also found the following laws to be true applying to payday loans in the state of YOUR STATE'S NAME in general:

INSERT YOUR STATE LAWS HERE

I have contacted the YOUR STATE Office of Financial Institutions and the YOUR STATE State Attorney General????????s Office regarding your internet payday loans and was informed they are indeed illegal in YOUR STATE and was advised to pay what is due according to principle amount only of the loan.

I have currently paid XXXX DOLLARS on my XXXX DOLLARS loan. The legal amount that could have been charged to my loan is the principal amount of XXX DOLLARS even if your internet pay day loan was legal in YOUR STATES NAME. I have paid XXXX DOLLARS on this loan by your debits of my bank account and only owe XXXX DOLLARS to have this paid in full. I am willing to pay the amount of XXX DOLLARS to pay the principle amount of the loan only, as advised by my Department of Financial Institutions and my state Attorney General's office.

I demand a physical address to mail payments to, as you are no longer authorized to debit my bank account. You must provide me with a physical address to mail my payments. I will not Money Gram or Western Union any payment. If no physical address is provided for me to mail payment to, no payment will be made.

I demand that any contact be made through US Postal mail or email only. I will need everything in writing to keep accurate records of all communication as per instruction from my state Attorney General's Office.



I prohibit you or your affiliates to contact me via telephone at my place of employment or my home telephone number. I also prohibit you from calling my references listed on my loan. Once I inform you of this, you must stop the telephone contact immediately or you will be once again breaking the laws of the state of YOUR STATE.

You are also hereby notified that I am revoking any voluntary wage assignment I may or may not have signed. I no longer authorize you, your company, or your affiliates to attach any part of my wages or contact my employer for your collection purposes.

I am revoking your right to debit my checking account any longer. You, your company, or your affiliates are not authorized to debit my checking account at all. Please be aware that I have informed my financial institution of this situation and they will also be receiving a copy of this correspondence. Any further attempts at debiting my account will be rejected by my financial institution.

I must also inform you that I have filed complaints with the Better Business Bureau, the Federal Trade Commission, and my state Attorney General's Office.

I expect a response from your company no later than XXXXX, regarding this matter. This response may only come via US Postal mail or email. No telephone contact is permitted.

Please respond byXXXXX, regarding this matter by US Postal mail or by email only.





Your name and SSN#


cc:
YOUR STATE Attorney General