Settlement Question
Date: Wed, 04/15/2009 - 08:03
Hello,
Thanks for all of the helpful advice on this forum--I feel like I might be seeing the light at the end of the tunnel. I have 7 payday loans that I'd like to settle for the principal amount borrowed. I blocked ACH debits from these companies with my bank starting today (my payday). The companies don't know this yet. Should I send my settlement letter to the companies now or wait for them to find out about the debit blocks? Some of them have previously told me that they would only settle with me if I was in collections.
Thanks so much!
Thanks for all of the helpful advice on this forum--I feel like I might be seeing the light at the end of the tunnel. I have 7 payday loans that I'd like to settle for the principal amount borrowed. I blocked ACH debits from these companies with my bank starting today (my payday). The companies don't know this yet. Should I send my settlement letter to the companies now or wait for them to find out about the debit blocks? Some of them have previously told me that they would only settle with me if I was in collections.
Thanks so much!
it usually is true that they will not work with you until you de
it usually is true that they will not work with you until you default on payments. i have some questions that can prepare us to help you better. :)
are these internet or store fronts? i know store fronts are handled differently..
what state are you in? what companies are these? how was borrowed and paid back? do you know your state laws and if these loans are legal?
