Help With PDL in Texas
Date: Tue, 12/22/2009 - 10:30
I have 3 PDL'S in texas.
Ace Cash Advance which I know is a CSO - $400 - $121.13 Interest every 2 weeks
500 Fast Cash - $300
One Click Cash - $400
I read that Texas does not allow you to renew your loan is this correct? If i allow All the companys to take the minimum interest only payment out until i pay back the principal is that legal? What can happen if i refuse to pay back 500 fast cash and one click cash.
I have every intention on paying Ace Cash Advance back because i know they are legal and are a CSO in texas but the other 2 i am considering refusing to pay because the crazy interest.
Any info would help!
Thanks
James
Ace Cash Advance which I know is a CSO - $400 - $121.13 Interest every 2 weeks
500 Fast Cash - $300
One Click Cash - $400
I read that Texas does not allow you to renew your loan is this correct? If i allow All the companys to take the minimum interest only payment out until i pay back the principal is that legal? What can happen if i refuse to pay back 500 fast cash and one click cash.
I have every intention on paying Ace Cash Advance back because i know they are legal and are a CSO in texas but the other 2 i am considering refusing to pay because the crazy interest.
Any info would help!
Thanks
James
500 Fast Cash and One Click Cash are not licensed to lend to TX
500 Fast Cash and One Click Cash are not licensed to lend to TX residents, making them illegal lenders. CLICK HERE to find out how to deal with illegal lenders.
So should i pay 500 Fast Cash & One Click Cash or what? I have a
So should i pay 500 Fast Cash & One Click Cash or what? I have already notified my bank to do a hard ach block on these 2 companys.
If they sell my debt can those compnays take out of my checking account at all? i have social security direct deposit and its impossible for me to permanently close my account.
thanks
Quote:Originally Posted by AnonymousSo should i pay 500 Fast Cas
Quote:
Originally Posted by Anonymous So should i pay 500 Fast Cash & One Click Cash or what? I have already notified my bank to do a hard ach block on these 2 companys. If they sell my debt can those compnays take out of my checking account at all? i have social security direct deposit and its impossible for me to permanently close my account. thanks |
Nothing is impossible. Look at it this way, the lenders in question are nothing more than criminals and having access to your bank information is a criminals dream come true. You REALLY need to get rid of that account asap! Unless you can get your bank to agree to change the account number I am sorry to tell you there is no other solution other than to close it out. That account will never be safe again. Please read the thread with the link I gave you in the above post of how to deal with illegal lenders, all of your questions on how to handle this will be answered in that post.