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Debtconsolidationcare.com - the USA consumer forum

Payday loan help

Date: Fri, 12/24/2010 - 14:21

Submitted by anonymous
on Fri, 12/24/2010 - 14:21

Posts: 202330 Credits: [Donate]

Total Replies: 2


The information on this forum has been helpful. I have gotten in over my head w payday loan debt. I currently have about 8. If u could give me info on following payday loans that r legal or illegal in state of NJ
cashinawink owe 520
oneclickcash owe 390
loapoint USA owe 920
viploanusa owe 920
pay day loan yes owe 326 n 260
my payday advance owe 455
ameriloan owe 260
after reading the forum I went to my bank TD Bank n told them my situation and ask about putting my account n a deposit status only n was told they no longer do this. They told me my situation has been common n they stop doing this because so many bankers were requesting this. I spoke to the branch manager n she confirm. Blocking or stop payments would not work either bcuz the payday co would find a loop hole. So I decided to close my account but have a direct deposit already set to come through my account nxt week n hope I can do this in time bfor the finance charges r posted. I am ready to do this I am stressed out n can't get my self out of this just payi g the finance fees. I hope I can make arrangements to pay my debt. Please help w any into u can offer.


Payday loans are prohibited in the state of N.J. So, [URL=http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html]CLICK HERE[/URL] to find out how to deal with illegal lenders.
Go back into your bank and talk to the branch manager again, this time take with you a written list of each lender, and include this letter with it.

Date:
Your Name
Your Address, State
Account #

To : Name of your bank
I hereby revoke any and all authorization I gave to the companies listed below, to debit in any way any account I may have, per the electronic funds transfer act (EFTA), regulation E.

Signed

At least you can block your lenders until you are able to close that account. The bank MUST honor your written request per regulation E.


lrhall41

Submitted by Shazzers on Fri, 12/24/2010 - 16:36

( Posts: 17344 | Credits: )