Need assistance in stopping PDL loan drafts....
Date: Wed, 05/14/2008 - 09:39
PayDayOne - $1000; paid $180; $244 due on May 30th
PayDayMax - $750; $143 due on May 30th
MyCashNow - $750; $179 due on May 30th
I signed up with PDL Assistance, and the $200 enrollment fee is to be drafted out of my account on May 19th. I tried emailing them today with some questions, but got a delivery failure stating "this address no longer accepts email". So, now I am unsure about using them. I am keeping my fingers crossed.
In the meantime, I would like to find out what steps I would need to take if I were to stop these on my own, if it is legal (I am in Texas) for me to close my bank account or if I should leave it open and send the C&D and ACH Authorization Revocation letters to the 3 lenders. I am not sure how to handle this on my own, that was why I was hoping someone else could. Any and all information, tips, guidance would be greatly appreciated. This is a vicious cycle that people get into. I have had payday loans off and on for 5 years, and have always paid them off, although it always took many months to pay them off. I swore I would never get them again, but unexpected things happened in the last few weeks and I had no where else to turn, but sitting down and taking a hard look at my budget and the finance charges for these, I just can't do it and still have money for the essentials (house bills, groceries, gas). I am a single mom with two teenagers. Please give me any advice that you can. I have read the Texas laws posted on here, but I do not know if they are in violation of any laws. They are all internet loans.
reply
the pdl's will continue to debit that account.you can either close your account or put it on
deopsits only.i'm suprised they didn't tell
you this already.
I can't put my account on deposits only, as I use a debit card f
I can't put my account on deposits only, as I use a debit card for most all of my purchases. I read another posting that said if you close your bank account in Texas that they can sue you for fraud. ???? Is that true?
From what I was told, internet loans can't go after you for frau
From what I was told, internet loans can't go after you for fraud as they do not have a written check.
Can you tell me if I use my card as credit instead of debit do A
Can you tell me if I use my card as credit instead of debit do ACH's go through anyway?
Is there any payday loan lender out there that is willingly acce
Is there any payday loan lender out there that is willingly accept a payment plan to payoff the loan ? why don't they accept a payment plan knowing their company is illegal?