Please critique my repayment plan letter to the PDL stores

Rob-I think this looks fine...might want to indicate how you plan on paying the $20.00 a month and by what date each month.

Dont be surprised if they hold you liable for the NSF fee...per WA laws, they can charge you 1 NSF fee, even if you informed them in advance. Hopefully they will be nice and waive it :)

Thanks! I'm pretty sure they can charge me the fee, but I thought I would just put it in there anyway. Yea, I put the first payment, but didn't put when I would pay the rest of the payments. Thanks for catching that!

I think this sounds good...looks like I will need to be writing one to them too as I had to default today..per my *Urgent* thread.
I have had my fill of being broke and not paying the things I need to pay because of giving them money every week and at this point and as often as I have re-written, I have paid the yearly salary for some of their employees.

rob, the letter is good. It's always a plus to let them know ahead of time that you're not going to be able to pay. volley did raise a good point about stating a date for each payment. Since the first payment will be April 5th, maybe you can say you'll make a payment on the 5th of each month? I can't promise that they're going to "go for" this payment plan since storefronts usually want a lot more than that as a payment plan. However, sending a letter showing your intent on paying in full, sending a payment with it is a great back up in case anything does hit the fan. As far as going in and asking for copies of what you have paid so far, I don't know. Honestly, if they do decide to drag you into civil court, they will have all documentation with them. I know it's best for you to go armed with all you can; however, the point being is that you can't pay them in full - period. So, in essence, you're just going in there to make arrangements to pay what you owe them as of whenever they take you in (if they even do). We're already jumping ahead! You might be surprised. They might work with you. I'm just wanting to give you a little warning that most storefronts will want more than $20 per month as an "acceptable" payment plan (they're words, not mine!). So, don't be surprised if they do contact you and tell you they won't take $20, but will take more for payments. I say mail the damn letters out and see what happens. Maybe some, if not all, will actually work with you on this. I'm all for it. You know what you're up against, and you're ready for it. You've got us to support you. If you run into any problems, just post. We can try to help you out. Whichever/whatever, just please keep us posted as to what's going on. And, let me say, congratulations to you for taking this huge step in getting out of this trap!

And, egypt, I posted (a lot!) on your "urgent" thread. :wink:

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rob, ya do what ya gotta do! You're making an honest effort to pay these debts in full. You have a plan. You just go for it, my friend. Like you said, if they have a cow about the payments, then they'll just have to wait. Good luck to you, rob! Please let us know how it turns out!

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Hi, rob! :D Call the storefront back. Actually, they're being stupid asking such a question. I understand that they will want more than $20 per month. Hell, they all want payment in full! So, just make sure you keep in contact with them. Tell them it's not possible for you to pay more (or whatever they're going to ask you to pay). Actually, all you have to tell them is your having financial hardship. Honestly. It's none of their business WHY you're having problems. Hell, for all they know, a family member could be ill, you could have lost your job, etc. They don't know. You can dream up a story (like you lost your job) and tell them that if you want to. However, you do want to do everything you can to keep the "odds" in your favor regarding making an honest attempt at paying these storefronts. You've got the right attitude. Make sure you stay in contact with them. I would actually write down the calls - when they call you/when you call them/who you spoke to/what was said/etc. This way, you'll have record of everything. But, rob, just tell them as little as possible. They will just go on some sort or tirade if you tell them you have 8 loans out. Good Lord. That's just all the more for them to throw back in your face. So, either just tell them "financial hardship" or tell them you lost your job or whatever you like. My personal opinion? Don't tell them you have 8 loans out.

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rob, anytime you need something, just come on back! Let us know how it goes! I'm rooting for you! :D

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