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filing bankruptcy pdl loans

Date: Fri, 04/03/2009 - 02:15

Submitted by anonymous
on Fri, 04/03/2009 - 02:15

Posts: 202330 Credits: [Donate]

Total Replies: 8


i live in PA and have 4 pdls with Cashnetusa, Magnumcashadvance, Loanpointusa and finally paydaymax.com. I met with an attorney yesterday and am filing chap 13 bankruptcy My question is this - I have revoked all ACH privaleges at my bank so that they cannot debit the account. Do I need to send them a letter and how do I know if I have wage assignment (these were all done online). My attorney told me that they cannot garnish wages in PA. Also can they make my references pay what is owed ?
Also if anyone know the mailing address of paydaymax.com that would be most helpful


Magnum, Loanpoint and Payday Max are illegal.

They are not going to follow the no contact rules for bankruptcy.

If your account is secure then you have taken the first step.

Go here and read up on dealing with illegal lenders.

They can not make your references pay for your debt but they may contact them.

I have the paydaymax address but it is on my work computer.

I will post it later this morning.


lrhall41

Submitted by nohiogal on Fri, 04/03/2009 - 03:12

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I am confused here.If you are filing a bankruptcy and are paying a lawyer he should be contacting these people for you, that is what the lawyers do and the service you are paying for. Once a bankruptcy is started, you owe nothing. If you are filing for a restructure then the judge determines what and how much you pay. If you are filing to have your debts forgiven, then you are not required to pay another cent .It all goes into the bankruptcy.
Also , if all your pdls are illegal , I hope you are not filing a bankruptcy just to get rid of them, you can do it on your own.


lrhall41

Submitted by on Fri, 04/03/2009 - 04:29

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What can you do if you have CA's on your CR who (supposely) are 'representing' PDL's? Do you need to send a letter to this CA's, CB's,etc?


lrhall41

Submitted by sdchargers_63 on Fri, 04/03/2009 - 04:43

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If you are talking about bankruptcy (7 or 13) the lawyer you are paying is supposed to handle any and all correspondence. They contact any and all of your creditors. Original creditors and collection agencies. Once you enter into a bankruptcy with a lawyer they should handle everything for you. Otherwise you would not need a lawyer and could file on your own for 299.00


lrhall41

Submitted by on Fri, 04/03/2009 - 04:55

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Okay this helps alot but my loans are due on 4/10/09 and i just retained the lawyer as of yesterday. I am now in the process of filling out the paperwork regarding the bankruptcy so that it can be filed. What I want to know is until that is actually done should I send a letter telling them what has been done regarding the ACH hold or do I just refer them to the law firm that I have retained.

I just want to make sure that I have all my bases covered.

thanks


lrhall41

Submitted by on Fri, 04/03/2009 - 06:49

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Once the company has been notified that you have RETAINED an atty, they are required to cease all collection activity and correspondence. They key to this is retained, not just consulting with an atty. The best thing is to have your atty notify all creditors that you may have issues with, ie the illegal lenders, directly.


lrhall41

Submitted by PDLOwner on Fri, 04/03/2009 - 09:39

( Posts: 1049 | Credits: )