Help with Internet PDL

Please let us know what state you lived in, how much borrowed from each and how much already paid to each.

I live in SC and I will have to repost how much I paid into them.

Zip19 500
Payday max 260
Disaccount advance 500
One Step Cash 300
Instant Cash 500
Little Loan Shop 300
loanshop 300
big limited 200
GFS 200
Magnum_Z 200
FTR_processing 300
SDS processing 300
Sandpoint 300
B&L Marketing 300
ameriloan 350
Paycheck Today 400
Upfront Payday 500
Rapid Cash 200

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I can tell just from looking at your list tha some of your loans are not even legal, and not even located in this country.

if they are not legal, are we obligated to pay anything more than the principal?

no you are not,in fact three are illegal,two are overseas and basically the same.ameriloan is MTE therefore you are done.BIG anf GFS are basically the same company.you are also done with them.

Please do list the amounts that you have already paid to the others.

Ohio is about to pass a law that will more than likely close PDLs here. I'm happy. BUT...what will happen with those of us who may still have a loan out? Do they set up payment plans? What if they close early? Can they deposit the checks? We have 4 loans out, owing $575 each place. (Fell into the trap, needing $500 for an emergency, something else happened before we could pay back, etc.) :(

Again I live in SC and have closed my bank account.

Here are my loans, how much I was loaned and how much I have paid back.

Payday max 260 -- paid 158.93
Disaccount advance 500 paid 265.63
One Step Cash 300 paid 711.67
Instant Cash 500 paid 150
Little Loan Shop 300 paid 810
loanshop 300 paid 180
big limited 200 paid 780
GFS 300 paid 455
Magnum_Z 200 paid 480
FTR_processing 300 paid 990
SDS processing 300 paid 1170
Sandpoint 300 paid 1440
B&L Marketing 300 paid 540
ameriloan 350 paid 315
Paycheck Today 400 paid 240
Upfront Payday 500 paid 750
Rapid Cash 200 paid 89
US Fast Cash 350 paid 210

I have so overpaid some of these. I have read people getting refunds. Should I attempt to collect on my own or use PDL assistance. I appreciate all the help.

It's really your call -

You can do it yourself and save the money. But it will take time and effort. There will be ups and downs, frustrations and happiness, headaches and screams. But many find it's well worth the effort to save the money and have more control over the situation.

Or you can pay a company to do it for you. Then you don't have to deal with the companies yourself. That in itself is a good reason to hire a company. These places can be very nasty to deal with.

As I said, it's really a personal decision. You have to decide what will be best for you.

How do you go about getting refund on your overpayment. I have overpaid several of them for a total of 5000 dollars.

I am using Langhorne debt solutions. They know how to deal with the agressive PDL's and can negotiate with the lenders and make payment plans. You did right with closing your account because that is the first step Langhorne will have you do and they will also need to be your temporary power of attorney. Once you call them, they will give you all the details of how much you will pay them each month according to how much you owe to the lenders and once the they receive their first payment from you and it is processed, you will receive a welcome letter from them with a list of your lenders and what the relationship between them and Langhorne is and the ones that they have not dealt with. Also if PDL's are illegal in your state contact the Attorney General Office for assistance.

Personal contact info removed for your safety - Goudah

Many people have had experience with Langhorn, good and bad.

If you do go with a company, be sure to do your homework and research the company first. There are lots of scams out there . . .

I have two internet loans out and 4 store front. Langhorne said they couldn't help me with store front. Can anyone suggest a company who could help with both so I can get this monkey off my back? appreciate any help or advice. I am in Ohio.

I did check out Langhorne with BBB and they do have a satisfactory record and that is what made me work with them.

I have decided to do this myself. After closing my bank account, what is my next step? Should I call, email or mail anything to them. I will ask for refunds from some, but doubt I will get anything. Thanks for the help.

You can ask for a refund it couldnt hurt. But in my experience so far I have just been offered really low settlements. I caved and accepted them only to be done with it.

But my only advise to you is stay strong and dont let them scare you. Just remember they are illegal so they cant throw you in jail or have you fired. Whenever they would call me and threaten me like that I just told them to go ahead and I will be ready. :lol:

What is the best process to communicate with the PDL people? Do I need to send a letter or call and talk to them?

It's best to have all communication in writing . . . . PDL's will lie and tell you one thing, then do another, so you need to have that written proof of your dealings with them.

I have read people talk about a letters they sent. Is there something I could copy?

Hey there kford, I'm glad you are going to do this yourself, I have no doubt in my mind that you can get through this !! As hevnly_chick stated, keep in mind the threats they may make to throw you in jail, etc., are all empty threats! You will need to send letters (emails, USPS) to these companies revoking all ACH transactions, and telling them to cease and desist all contact with you other than in writing, let them know you will not accept any form of communication from them other than emails, or USPS. The letter is fairly basic, something like this:

Their Name
Address
State, Zip
Date:
Acct. #

Dear Whomever,

This letter is to inform you that I am revoking any and all wage assignments I may or may not have signed with your company. I am also revoking all of your rights to any and all ACH transactions to any and all of my personal accounts. You may only contact me through email or USPS. I will not accept any other form of communication from you. I would be most happy to set up payment arrangements with you, however, I will need a physical address to send my payments to, in the form of a money order ONLY.
Please reply,

Your Signature ____________

Thanks that is great.

Now I only have to pay back the principal for all illegal loans correct?

What is the best way to inform illegal loans that I have paid back more than the principal and I am refusing to pay more.

Thanks for the help.

Send them a copy of your state law. They will probably tell you that you signed an agreement to follow their laws, but that's standard, they [pdl's] all try to use that comment. Your state law prevails, no matter what they try to tell you. :)

May sure you file complaints with your state's AG office as well.

New issue ... several of the PDLs have turned over to a collection agency. Do I follow the same steps with them as I would the PDL? Thanks for the help!

If they have been turned over to collection, your first move would be to validate the debt. Send them all a debt validation letter, certified mail, return receipt requested. Make sure you send those certified, you will need proof.

not to sound stupid ... what does that do?

I received this email last night. Is this a bluff or should I pay them the stettlement amount? Thanks for the help

...

PLEASE BE ADVISED THAT WE ARE CONSIDERING POSSIBLE ACTION THAT MAY REQUIRE A COURT APPEARANCE. YOU ARE HEREBY NOTIFIED THAT A RECOMMENDATION TO OBTAIN OUTSIDE REPRESENTATION TO COLLECT THIS LEGALLY BINDING DEBT MAY BE OUR NEXT STEP .WE ARE PREPARING TO TAKE WHATEVER COLLECTION ATTEMPTS THAT ARE LEGAL, THAT ARE DEEMED NECESSARY AND APPROPRIATE. PLEASE TAKE INTO CONSIDERATION THAT WE WILL MAKE NO MORE ATTEMPTS TO HELP YOU CLEAR THIS MATTER VOLUNTARILY AS WE HAVE HAD TO CONCLUDE THAT YOU ARE NOT WISHING TO CLEAR THIS MATTER WILLINGLY.WE REGRET HAVING TO TAKE THIS ACTION BUT FEEL THAT YOU HAVE LEFT US NO ALTERNATIVE. IF YOU WANT TO AVOID FURTHER ACTION, PAYMENT IN FULL MUST BE RECEIVED AND YOU WILL NEED TO CALL ME AT TOLL FREE 1-866-645-1661. WE MUST REQUIRE THAT YOU RENDER YOUR PAYMENT IN THE AMOUNT OF $1006.25 VIA WESTERN UNION QUICK COLLECT OR MONEYGRAM IMMEDIATELY. THIS PAYMENT REFLECTS YOUR BALANCE AS OF June 19th 2008.
PLEASE NOTE THAT WE MAY REQUEST POSSIBLE SERVICE IN ORDER TO TAKE WHATEVER STEPS LEGALLY NECESSARY IN ORDER TO PROTECT OUR INTEREST IN THIS MATTER. YOUR PROMPT RESPONSE WILL ONLY BENEFIT YOU. THIS IS OUR LAST ATTEMPT TO HELP YOU RESOLVE THIS WITHOUT THE NEED FOR OUTSIDE INTERVENTION.

This account may also be reported to CHECK-SKAN which is used in various states and if reported may decline your checks on a national basis!

The Western Union quick collect information is:

1. Fill out the blue form for quick collect. (Or click the send now option)
2. The name of the company is Credit Protection Depot.
3. The code city: OFFER (ONE WORD NO SPACES).
4. The state is: Nevada.
5. The account number is your Social Security Number.
6. The reference number is your telephone number.


OR go to Moneygram and fill out the blue EXPRESSPAYMENT form.
1. The Company name is: CPD-OFFER
2. The Receive Code is: 4243
3. The City is: Las Vegas
4. The State is: Nevada


If you are unable to pay $1006.25 for the entire balance of the loan, then we must require a minimum payment of $335.42 to place the account on legal hold.

If this account is referred for further review and action to our outside firm for additional collection efforts, it will commence activity on the account to be done to the fullest extent of the law in order to protect our interest in this matter. At that point, you will be responsible for all additional fees associated with the costs involved for the collection of this debt.

Please call us immediately with the Control Number of your wire in order to update your account and to avoid other action and charges to you. Our toll free number is 1-866-645-1661. Thank you for your prompt response in clearing this matter. It is appreciated.

Sincerely,

Credit Protection Depot

Guest, if I were you I would read about this company called Credit Protection Depot, I don't think I would strike up any deals with them, or send them any money until you read a little more about them at the link below. :shock:

http://www.debtconsolidationcare.com/resources/search-result.php?cx=002940997111014779860%3Ae4jfo9dtire&q=Credit+Protection+Depot+&cof=FORID%3A11&sa.x=28&sa.y=10#915

kford wrote:
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