Luck with settlements?

The chances are very slim that they will comply on the first time around. Being that majority of your lenders are Illegal they have no choice in the end. I would send them my proposal letters ensuring you want all fees credited to your principal balance. Send them every week if you have too, persistence pays off :wink:

Here is a sample letter.

Since all of your loans illegal because they are prohibited in MD they don't have a leg to stand on and you only owe them what you borrowed.

They can not do anything to you and you need to make it clear that you are not going to pay one red cent over the principle on the loan. They can take it or get nothing.

Stand your ground :)

Thanks so much! I guess I'm most worried about how painful it will be to negotiate these settlements. I really can't have calls to my employer, so I'm hoping to do this as quickly/painlessly as possible...

You can use this letter as a cease & desist to prohibit them from calling your place of business.

Thanks! Have you heard stories of successful negotiations with these companies?

If you search for the names in the search box I am sure you will find many threads that have information on each company.

I have personally never dealt with any of the ones you have.