CTC

I would consider the $200 as part of the loan principal unless it was strickly stated to be a loan fee.

I agree, I would take that amount off the princiapl of the loan, technically you owe them $1100...

Has! I got the exact same letter from them with different $$ amounts of course. Bottom line for me though is that they want me to repay money to them that I don't owe. I just got the letter yesterday and I haven't figured out how to respond. I'm a freakin' nervous wreck about all of this today so I'm trying to collect my thoughts before I respond.

CTC is know for sending wage assignments to employers. Please send them a letter revoking it and give a copy to your employer. Once they fail at assigning your wages they will offer you a settlement. They have no other legal recourse as they are operating illegally.

Hi Jady,

Because they are out of Malta, they are illegal. If you have overpaid them I would keep resending the same letter/email advising them of this fact. Have you already reported them to the BBB, sometime's you have some luck with that as well...don't let it get to you, unfortunately its all part of the process, but it does get better :)

I have already sent the letter revoking wage assignment. I email, faxed, and mailed it USPS.

I haven't filed with the BBB yet. Do you know what all is involved there? I feel so overwhelmed with all of this paperwork I'm trying to keep up with. What all info does the Bureau need in order to start the process?

There is an online form you can fill out. It is really simple.

Make sure you get the revocation letter of the wage assignment to your payroll also. Even though you sent them one they will still send a wage assignment to your payroll person.

I'm in the same mess with CTC. I "defaulted" on the loan they gave me. It was due 12/26 and I couldn't pay it. They gave me until 1/9..but I still can't pay in full. I have already sent the letter to revoke the wage assignment (I sent one to an address in Malta and one to an address in Canada, both where sent registered mail) and have spoke to my payroll dept. I went to the bank and put a stop on any ACH debits from Northway or CTC. I'm concerned about them harassing me at work. It hasn't started yet, but I'm afraid that after the 9th they will start. has anyone been successful in getting them to stop calling. I plan to pay back the debt but I need them to work with me. This has been such a stressful ordeal. Can anyone think of anything else that I can/need to do at this point? Thanks

I just have to ask for clarification.....are you willing to pay them back the $1300 for the principle and not any of the fee's because they are illegal???
I think this thread my have confused me? If you have paid $200 already don't you still need to pay the remaining $1100 in principle??
I have just sent two PDL's letters and files all complaints this week but I was only refusing to pay the fee's not prinicple because the are not legal in my state.....do I have that wrong?

here is the skinny on this.if a pdl is illegal in your state you owe no fees period.if the OP paid 200.00 on a 1100.00 loan.then they would owe 900.00.when a pdl is illegal you owe the amount borrowed and nothing more.fees don't apply and any that were taken go toward the loan itself.i hope that cleared it up for you.it can be confusing at first.

Got it.....thank you!!! :lol:

no sweat,my pleasure.

Does anyone know if I can change my username without opening a new profile on here?? I don't want to loose all of my threads under this name but would really like to change it......I feel PDL Owners learking??
thanks!

I too would like to change my name, and not loose my threads. That was my question too if I could pay back just the principal and not the fees, I expect to pay the principal, but I guess if they are dealing illegally part of my says I would like to make them feel a little tinge of regret for being illegal. Thanks