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Any advice for this one...?

Date: Thu, 10/09/2008 - 00:58

Submitted by anonymous
on Thu, 10/09/2008 - 00:58

Posts: 202330 Credits: [Donate]

Total Replies: 2


I haven't posted here in a while, but let me give you guys an update. I was way sunk into the pdl's, and have since closed my checking account, opened another before my other was closed and stop communicating at all with the illegal pdls. I still get emails from time to time, the ones that say..."hurry, act quickly, before we take the next action". The phone calls have stopped. The calls at work have stopped, which is a good thing.

My only problem is actually getting out. I've now graduated to legal payday loans online, like cashcentral and payday one. The problem is once my paycheck comes, the debit goes out, and i have to take a new loan to re-up for the next two weeks and I'm DYING to stop this. I want to completely stop my payday loans for good. I'm close, I can feel it, but lately with my recent move, i've fell behind on alot of payments, so these loans every 2 weeks are my only survival.

It doesn't seem like its gonna end. I bank with WAMU-JPChase, if my checking account goes overdrafted for more than 10 days, will they close it? Or is that just a warning? I wanna get to the point where I can just rough it for 2-3 weeks, so I don't get the urge to take another 2 week loan. Is that a good tactic? Or should I just pay off my regular bills like car, insurance, other credit card payments and work out arrangements with these pdl's? I feel like I'm at the top of the hole, hanging onto the rope, trying to pull myself out. Any advice? Thanks


I can only tell you what I would do, living expenses should come first above everything else, what's left over would be used to pay off these loans. I would place a hard debit block on my account so these companies weren't able to take out any more money, I would then contact them and inform them I was revoking their authorizations to debit my account, since these are legal companies they will hopefully abide by that because you have the legal right to do so. I would then make payment arrangements with them and send payments via USPS with money orders. Just explain you are having a financial hardship, but fully intend on paying these bills, hopefully they will work with you. Perhaps someone else will have more advice to offer, keep checking back and good luck! :)


lrhall41

Submitted by Shazzers on Thu, 10/09/2008 - 04:06

( Posts: 17344 | Credits: )