Got a PDL but don't really understand, help!
Date: Fri, 10/01/2010 - 11:39
After five payments of $120, which was the fee, starting 10/15 they will be taking out $170.00, which is the $120 plus the $50 principal. I thought after the five payments I would ONLY be paying the $50 biweekly after that.
When I click on my account I have a choice to pay the $170 or $50 principal. So if I click on the 50, is that all they will take out? And if it is, does it just go on forever?
I just don't get it and yes I was stupid for doing it. I live in Missouri.
USFast cash is an illegal PDL lender. You are only morally respo
USFast cash is an illegal PDL lender. You are only morally responsible to pay the actual amount borrowed. Click on the following link to know how to deal with illegal lenders: http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html
thanks, I thought so. Will that link tell me what to do? I'm at
thanks, I thought so. Will that link tell me what to do? I'm at work so the link isn't working due to blocks.
Yes, you will get a very good step by step guidance on how to de
Yes, you will get a very good step by step guidance on how to deal with the illegal lenders. Go through it and follow it. I did and have been successful. Best of luck and post here about the proceedings.
They just sent me an email saying that I yes I have paid $120 fi
They just sent me an email saying that I yes I have paid $120 five times and now I am to pay the $120 admin fee PLUS the $50 until my $400 loan is paid in full. Umm...excuse me? So I fired back a reply that I was aware that they are illegal in my state and since I had paid over and above my original loan amount by $200, that I would considered my loan paid in full and that I was closing my bank account and contacting my state attorney general AND my personal attorney. Now..I am not due to pay again until 10/15 so will wait a bit to see if/how they answer this email. Do I really have to close my bank account though if they don't respond?
I would never tell the illegal PDL lenders about closing my bank
I would never tell the illegal PDL lenders about closing my bank account, if I have not done it. Since you have already told it, they might hit your account tomorrow. You need to close it asap.
It's the only way to guarantee that your money is safe. Once th
It's the only way to guarantee that your money is safe. Once they have access to your account, they try all kinds of crazy things to get at your money. As Paul said, you should ALWAYS secure your account before notifying these people that you're cutting them off. Do NOT be surprised if they send an ACH to your account for the full $520.
I closed the account Friday afternoon and they have not tried to
I closed the account Friday afternoon and they have not tried to make a withdrawal. So yes I was stupid for telling them that but lucked out. I also have not heard back from them either. I will update if I do.thanks everyone for your advice!
You're not stupid. I'm glad they didn't try to hit your account.
You're not stupid. I'm glad they didn't try to hit your account. Please keep us updated on your progress.
Just wanted to update, they did NOT try to take any money out on
Just wanted to update, they did NOT try to take any money out on 10/15, WOOHOO!
hit post too soon, lol. I called the bank to make sure and there
hit post too soon, lol. I called the bank to make sure and there wasn't even an attempt. The bank closed my account but did say that it could be forced open even though I requested a block numerous times, they said they could not do that for 30 days. I sent the letter you all have posted here with my info and have not heard from USFast Cash since. I did try to log in to my account on the web and it has been deactivated. So I think it worked???? If so I am saving $170 biweekly for God knows how long, thanks to you good people here. This site should be on the national news or something!!! THANK YOU, THANK YOU, THANK YOU.
Update
I posted an update a little bit ago but don't see it?Anyway, they did not try to debit the closed account so thanks to this website I am now saving $170 biweekly. I had sent the letter you all have here as a template and filled in my info and sent it to USFast Cash. I never got an answer and when I tried to login to my account it showed it was deactivated. So it looks like, so far, that it was a success. Thank you!