Do I have these steps correct?
Date: Mon, 09/07/2009 - 20:44
I live in New Mexico and I have the following PayDay loans out:
(All Internet)
GECC Cash Direct borrowed $400 paid $106
Fast Cash Advance borrowed $350 paid $105
Loan Point USA (Geneva Roth) borrowed $600???..paid $180
Loan Shop borrowed $400 paid $0 ($120 due 8/31/09)
Cash Central of NM (?) borrowed $300 paid $0 ($347 due 8/31/09)
ACE Cash Services borrowed $250 paid $0 ($75 due 8/31/09)
Big Sky Cash borrowed $300 paid $0 ($90 due 8/31/09)
Salary Fast borrowed $200 paid $75
ACC The Cash Spot borrowed $500 paid $987.50 in fees and interest
I also have 2 store front loans:
Cash N Go (Installment loan) borrowed $1,500 paid $588
Check Mart borrowed $1,250 paid $304
If I understand all the research I???ve done on this site (AFTER I???ve taken all these stupid things out), most of these loans are illegal and I can get by with only paying the principal amount back. I will have to do the following steps to accomplish this???
1. Talk to my bank and see what needs to be done so I can close my checking account.
2. Revoke all ACH Authorizations and Wage Assignments for the illegal & unlicensed PDL
3. Block any and all withdrawal attempts on this checking account
4. Open a new checking account and do not give out this account information
5. Send each illegal & unlicensed PDL an email stating the account has been closed and???..
6. Send email as hard copy letter via USPS by Certified Mail with delivery confirmation
7. File complaints with my State Attorney General, the FTC and the BBB
Did I miss anything? How do I open another account if I???ve had NSFs, tons of overdrafts, and returned items? How do I keep them from calling my work? I do not have a direct line and they have to go through a receptionist.
I am so messed up over all this. I just needed one to get by then 10 other things came up and so on and so forth. I???m sure you all know what I mean. The sick point is I still missed a vital payment on a REAL loan and now have to pay $475 in interest (was a 12 month same as cash deal).
I appreciate all your help to others and hope you???ll help me as well.
(All Internet)
GECC Cash Direct borrowed $400 paid $106
Fast Cash Advance borrowed $350 paid $105
Loan Point USA (Geneva Roth) borrowed $600???..paid $180
Loan Shop borrowed $400 paid $0 ($120 due 8/31/09)
Cash Central of NM (?) borrowed $300 paid $0 ($347 due 8/31/09)
ACE Cash Services borrowed $250 paid $0 ($75 due 8/31/09)
Big Sky Cash borrowed $300 paid $0 ($90 due 8/31/09)
Salary Fast borrowed $200 paid $75
ACC The Cash Spot borrowed $500 paid $987.50 in fees and interest
I also have 2 store front loans:
Cash N Go (Installment loan) borrowed $1,500 paid $588
Check Mart borrowed $1,250 paid $304
If I understand all the research I???ve done on this site (AFTER I???ve taken all these stupid things out), most of these loans are illegal and I can get by with only paying the principal amount back. I will have to do the following steps to accomplish this???
1. Talk to my bank and see what needs to be done so I can close my checking account.
2. Revoke all ACH Authorizations and Wage Assignments for the illegal & unlicensed PDL
3. Block any and all withdrawal attempts on this checking account
4. Open a new checking account and do not give out this account information
5. Send each illegal & unlicensed PDL an email stating the account has been closed and???..
6. Send email as hard copy letter via USPS by Certified Mail with delivery confirmation
7. File complaints with my State Attorney General, the FTC and the BBB
Did I miss anything? How do I open another account if I???ve had NSFs, tons of overdrafts, and returned items? How do I keep them from calling my work? I do not have a direct line and they have to go through a receptionist.
I am so messed up over all this. I just needed one to get by then 10 other things came up and so on and so forth. I???m sure you all know what I mean. The sick point is I still missed a vital payment on a REAL loan and now have to pay $475 in interest (was a 12 month same as cash deal).
I appreciate all your help to others and hope you???ll help me as well.
Well, it'd be hard to open another account with that history but
Well, it'd be hard to open another account with that history but no need to lose hope. There are banks which offer second chance accounts to people with chexsystem issues. You can explore the Banking and Chexsystem forums for more info.
Apart from this, the rest seems okay to me.
Hopefully the experts would find this thread soon.
