We've taken the first step, what's next ?
Date: Tue, 03/24/2009 - 15:00
My question is, what should we do next ?
Contact the ACH processor.
File complaints.
Send "cease and desist" letters.
Is there anything we missed ?
Our account is scheduled to debited on the 31st for the loans we have.
We are in MA, all our loans are internet and illegal. For reference our other post is titled: PLEASE HELP - PayDay Loan Info for MA.
Thanks !
You do not send a cease and desist letter. That is for collectio
You do not send a cease and desist letter. That is for collection agencies.
You need to send a letter stating they are illegal and you only do that after your account is closed or secure.
The letter can be found here. Scroll down to the 13th post. You need to change the letter to reflect your information and state laws.
i contacted a few pdl right before i defaulted to find out what
i contacted a few pdl right before i defaulted to find out what my options would be, the legal ones were alright they told me to call back after the payment bounced and then they would set up a payment plan. the illegal ones were nasty and rude and told me i was so unbelievable. but i didnt wait around for the c&d letters to go out. it wont take long before your account does go to the collection department. try to stay one step ahead of them. but if you make arrangments with them then they wont be calling you anyways, as long as you stick to the plan.
