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Payday loan help-URGENT!!!

Date: Sun, 10/10/2010 - 16:21

Submitted by Jason Dobbs
on Sun, 10/10/2010 - 16:21

Posts: 42 Credits: [Donate]

Total Replies: 17


I have seven outstanding PDLs with the following companies:

Everest Cash-$300/$45
LoanPoint USA-$300/$90
CashDirect Express-$400/$106
PDYServices.com-$200/$55
OneClick Cash-$300/$90
Discount Advances-$300/$35
United Loans-$300/$90

My problem is I had to shut down my bank account and sent the letter to most of them (Unable to get PDYservices.com's e-mail contact). But they disregard them and claim that their state laws make the contracts legal and binding. I have entered payment arrangements with three of them (CashDirect Express, OneClick Cash, and United Loans). My question is, when the other four come calling, how do I explain to them that they have to wait until these other three are paid off?? I cannot afford to pay them all at once and still cover my regular expenses.


Quote:

Originally Posted by Jason Dobbs
Well, I already changed my bank account and phone number. I am going to meet with a bankruptcy attorney on Friday this week because of them and some other truly legitimate nickel and dime balances (less than $1K each) that have been hamstringing my finances and credit.

I'm sorry to tell you this, but, even if you put these illegal lenders in the BK it won't stop them from continuing to harass you, they are ILLEGAL, they do not follow the law, most of them aren't even located in the U.S. so they have absolutely no reason to honor a BK, and won't.


lrhall41

Submitted by Shazzers on Wed, 10/13/2010 - 20:42

( Posts: 17344 | Credits: )


Quote:

Originally Posted by alice hsu
miss shazzers how do we stop these illegal payday loan lenders from doing business in the US. Do we have to stop borrowing from them altogether.

Filing complaints with the proper authorities (FTC, AG., etc.) is a good start, making those complaints informational and clear is another good start. Keep the complaints flowing in, don't just fill out one complaint and expect results, file follow up complaints with as much information as possible.

Also, educate yourself on your rights, understand the law pertaining to this, be informed and stay informed. Pay it forward. :)


lrhall41

Submitted by Shazzers on Thu, 10/14/2010 - 06:25

( Posts: 17344 | Credits: )


Quote:

Originally Posted by Shazzers
I'm sorry to tell you this, but, even if you put these illegal lenders in the BK it won't stop them from continuing to harass you, they are ILLEGAL, they do not follow the law, most of them aren't even located in the U.S. so they have absolutely no reason to honor a BK, and won't.
I'm not so sure about that, the attorney that I spoke with said even payday debts can be discharged, but I'll find out more when I meet with him on Friday.


lrhall41

Submitted by Jason Dobbs on Thu, 10/14/2010 - 18:01

( Posts: 42 | Credits: )


Quote:

Originally Posted by Jason Dobbs
I'm not so sure about that, the attorney that I spoke with said even payday debts can be discharged, but I'll find out more when I meet with him on Friday.

Oh I'm not saying they can't be discharged, I'm saying the illegal lenders won't abide by it.


lrhall41

Submitted by Shazzers on Thu, 10/14/2010 - 20:42

( Posts: 17344 | Credits: )


I have to "second" what Shazzers is saying; the illegal PDL's are shamless - they threaten people like you and me and say that WE aren't obeying the law, however, they hide out overseas or on Indian tribal lands in the U.S. so that THEY are immune from any legal action.


lrhall41

Submitted by on Fri, 10/15/2010 - 07:41

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I would like to add my two cents as well. They are ILLEGAL. If you choose to pay the rest of the principal (it's the moral thing to do) do not let your other bills get behind in an attempt to pay these illegal companies. Pay them by money order to a physical address when YOU have money to send, not when they demand it. A bankruptcy ruling will mean nothing to them. If they call and threaten you with wage garnishment/arrest/jail/lawsuit...just laugh and ignore it. They can't do any of those. You should also follow the advice given to you above..go look at the sticky thread "Dealing with Illegal Lenders". Send copies of the letter to each lender, give copies to your HR department in case they attempt a wage attachment, and file complaints with the BBB, FTC and the NY Attorney General. Good luck to you!


lrhall41

Submitted by needhelpinCA on Fri, 10/15/2010 - 08:35

( Posts: 80 | Credits: )


Quote:

Originally Posted by Jason Dobbs
Also, my attorney advised me that when I get the case number, to shoot an E-mail to the PDLs with that. I'm not so sure about that, whaddaythink??

Good luck, as I said before, most Internet payday lenders aren't even located in the U.S., they obtain an address in the U.S. which usually turns out to be a front. It's like trying to sue a professional criminal who is on the run or lives in another country and hides behind fake addresses and spoofed phone numbers.


lrhall41

Submitted by Shazzers on Sat, 10/16/2010 - 05:35

( Posts: 17344 | Credits: )