Update on my payday hell

Date: Tue, 04/15/2008 - 11:16

Submitted by anonymous
on Tue, 04/15/2008 - 11:16

Posts: 202330 Credits: [Donate]

Total Replies: 9

Ok, I closed my account and will be opening a new account with another bank tomorrow. I spoke to my payroll dept at work and they will have my 4/25 pay in the new acct. by payday so i can actually pay some bills. The account will be marked closed forever within 24 hours. After confirmation that it is closed forever, I am sending out letters to the payday companies informing them I will arrange payments with them according to my proposal which doesnt include the fees. Also, those that i have overpaid and are not licensed are asked to mark my account as Paid in Full. I sent out some emails yesterday asking if any of them can arrange payment plans around what I owe without including the fees. So far, Little Loan Shoppe, Cash Central and Paydayone are willing to work with me. Others are not! When they get their letters, I hope they change their mind because I am going to fight it till the end.

On another note, when I spoke to the PNC rep today, you will be shocked how many people come in there with the same situation. So dont be embarrassed. Everyone makes mistakes. The gentelman was great and went out of his way to make sure I was covered and my account would never open again.

I am sure next week will be tough when the phone calls come in after the payday lenders ACH debits get returned. I will keep you posted.

thank you everyone that helped me... especially SueBeeHoney.

We've all been where you're at now; and once you start to see th

We've all been where you're at now; and once you start to see that light at the end of the tunnel, it's a great feeling! Yeah, the phone calls are something else, but "hang tough!"

lrhall41

Submitted by on Tue, 04/15/2008 - 11:41

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Yay for you Jon, you're on your way now! You're doing a GREAT jo

Yay for you Jon, you're on your way now! You're doing a GREAT job! Just hang in there, and when the phone calls start, I would suggest you not argue with them, try to be calm, and tell them what you need, if they make threats and try to anger you, don't let them! Tell them to call back when they're able to discuss the situation like an adult. lol Well, that's what I did. :lol: We are all pulling for you!

lrhall41

Submitted by Shazzers on Tue, 04/15/2008 - 12:44

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Jon, you're very welcome for the help! I'm just glad I had inso

Jon, you're very welcome for the help! I'm just glad I had insomnia that night so someone was here to help you out. :wink:

Please continue to update us - I've been watching the forums for your update to be sure everything was going ok. Let us know how it goes and if you need any help. You're not in a great situation right now, but there's definitely light at the end of the tunnel! :-)

lrhall41

Submitted by SUEBEEHONEY70 on Tue, 04/15/2008 - 14:08

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especially SueBeeHoney. Great job Suebee! Jon, you're on

especially SueBeeHoney.

Great job Suebee!

Jon, you're on your way! :)

lrhall41

Submitted by volleyballmom on Tue, 04/15/2008 - 15:19

( Posts: 4143 | Credits: )

Thanks, volleyballmom! Jon, when you get a chance, please c

Thanks, volleyballmom!

Jon, when you get a chance, please come back and register as a member. It's free, and allows you the ability to send & receive private messages with the rest of the members & Moderators. Also, as a member, you earn DebtCC points (up to 20 per posting), which are worth $0.01 per point. It may not sound like much, but it can add up over time - and you can cash them out - for cash.

lrhall41

Submitted by SUEBEEHONEY70 on Tue, 04/15/2008 - 16:41

( Posts: 4583 | Credits: )

I will keep everyone posted. I have one other question: When I

I will keep everyone posted. I have one other question:
When I send the letters to the payday lenders....should I propose real dates for when I will pay them via money order or should I tell them I will pay in so many installments (e.g. 4)?