How to handle stopping PDLS

CLICK HERE to find out how to deal with illegal lenders. Do you know if any of yours are illegal?

Progressive Debt Relief's fees are kinda high compared to their competition , PDL Assistance and Langehorne Debt Solutions . I believe they charge 40 % fees to settle the debt plus a $29.05 plus a $5.95 escrow account fee. You may want to shop around or consider settling on your own.

meechell83 , Can you provide some more info so we can better assist ?

1# List the companies you have the loans with and whether it is a store front operation or an internet operation.

2# List the original amount of the loan for each account

3# List what you have paid so far for each loan.

4# List what state you currently reside in

1-Quick Lend-360.00-Storefront
2-Advance American-365.85-Storefront
3- Express Check Advance-365.85-Storefront
On these I keep paying and then rewriting every two weeks
4-City View Cash-260-internet- paid 495! They tried to take another $100 but it got returned by my bank for unavailble funds and I got charged $35. They have also debited on a day other than what I agreed on
5-Magnum- They keep letting me rollover! So I have borrowed a total of 918 and paid 944-internet
6-123Cashnet- borrowed 250 paid a total of 425 this is also internet

I am currently in MS. I am planning on closing my checking acct today because City View Cash debited $110 last night and we had agreed on FRIDAYS! Do the other PDL consildation companies you mentioned work with storefronts? I know Progressive does, and was thinking about just using them for the storefronts. I think all of the internets are illegal and since I've already paid the principal I'm thinking of just telling them to go jump off a cliff. Please help me!! Thanks so much in advance! I'm so stressed about this and especially since my car is completely dead and I have somewhere just north of $10000 in med bills!

i am sure someone can help you with the laws of your state. this is possible to work this out by yourself, many have been successful at it on this board (myself included!)

Advance America and Express Check Advance are both members of CFSA which means that you can request an EPP, Extended Payment plan from them.

I know for a fact that Magnum is illegal.

So if I am not mistaken if a PDL is illegal than I am only obligated to pay back the principal right? Ex/ if I borrowed $200 than am obligated to pay $200 back? I'm going to send them all a letter stopping ACH transactions, but I am still going to close my checking account.

I may go ahead and use Progressive for the storefronts...I cannot use EPP with Advance america until August. I used it already in the last 12 months =( And I was stupid enough to og back to them.

sending letters to stop ach will not work (they will not listen) it is best to speak with your bank and put your account at least on a hard block (better to close it but make sure an ach will not reopen it, some places do that).
i do not know anything about storefronts, maybe shutting down your bank will affect that? :( i know there is a sticky about how to handle bank accounts.

Send the letter to stop the ACH. Bea is correct! It probably will not but they will then be in violation of the Electronic Funds Transfer Act which is a federal law. The you can get their states Attorney General involved because you have your letter as proof. This tactic worked for me with a very difficult lender. They actually gave me a refund to drop the case. I had to sign a confidentiality aggreement so I can't mention their name but they are one of the worst.

You are correct, if they are illegal you only owe what you borrowed.

Close your account BEFORE you send the letters Make sure it can not be opened back up. As soon as they get the letter they will attempt to debit.

Closing the account will also stop the storefronts.

I would contact them to make payment arrangments.

So I just called City View Cash out of curiousity to find out my balance. She said I was in collections for $110. I told her I had no clue why and she said because the one draft didn't go through I was put in collections. I told her my acct was debited $110 last night and she said once that pymt goes through my balance should be zero. I am still closing my acct today but it will be interesting to see if they keep trying to collect.

Good luck on getting your account closed.

Interesting on the City View. I would not be surprised if it aways shows $110 and as a rollover fee and not a payment towards the principle.

I was going to use Langhorne bu it was too expensive. With the help of this site I'm on my way to do it on my own. It does take research and work but so far it has been worth it.

I got a few PIF's already and I did work out EPP with some recent loans I had to take. So if you put your mind and work on it you don't need to pay anyone additional fees you can not afford.

I went thru a whole year of bank statements and carefully checked what had been withdrawn did a Excell with each PDL typed the letter once and then changed it accordingly and I was on my way.

Best of luck with this site and some hard work you can do it!

Well I closed my bank account today. Well I say closed, the lady at the bank opened me another one and froze my account. She assured me that nothing could get through, but if I wanted to dispute the charges that was the only way to get my money back. I don't know if I will dispute them or not. Im just happy to have some semblance of control again. She also linked my new account to my debit card so I don't have to wait for a new one. nd she figured out a way to get me a better checking account based on where I work that offers free checks and such. I think it's safe to say she felt sorry for me (I also have a broken nose and a bandaged wrist from a fall earlier this week so that probablt helped get sympathy)

I am going to go with Progressive. I know they are a little pricey but I will be saving money. She said I would pay no more than 250 a month...and I am paying well over that each month now between the internet and storefronts.

There are some nice people working at the storefront PDL companies..it's weird in a way I feel like I am doing something wrong to them by going with a consolidtion company. But I have to before I lose my mind. Between this and medical bills (My brain surgeries are not cheap) I felt like I was going to DIE! Now I feel a little better and more in control.

Thanks for the help everyone and good luck! :)

I am happy to hear you are now in control. Do not feel bad. The legal companies will get their money but it wil just take time.

You need to take care of yourself first.