How Much
Date: Thu, 02/03/2011 - 13:52
now i am getting ready to send out letters to my payday lenders telling them i am going to pay back the principal i owe. but i don't know what i should pay.
lets say i have a loan taken out with a principal of 300. is it ok if i just send them 30 a month for 10 months until its paid off, or should i send more? or should i contact them and see what kind of payment they want me to send?
For templates and a step by step guideline on how to deal with i
For templates and a step by step guideline on how to deal with illegal lenders [URL=http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html]CLICK HERE[/URL].
i looked through the thread you referenced, but can't find anywh
i looked through the thread you referenced, but can't find anywhere where it states how much you should be paying monthly. do i have to contact the lenders and set up plans that we both agree on?
Payday loans are prohibited in the state of Pa. Read the thread
Payday loans are prohibited in the state of Pa. Read the thread at the link I gave you above, all your questions will be answered there.
Which PDL companies are you dealing with, how much did you borro
Which PDL companies are you dealing with, how much did you borrow, and how much have you paid back? As PDl's aren't legal in PA you're only morally obligated to pay back the principle.
I have been following the forum for a little while and have been
I have been following the forum for a little while and have been able to settle a few accounts PIF that I have over paid on. The ones that are left I know are illegal in PA, except for one.
I took out a few pdl's around three weeks before I closed the banking account I had the funds sent to, so these were never paid on.
Extra Cash Live for 500. Sure Advance for 400. Pack Mgmt Grp for 300. OneClickCash for 300. Ameriloan for 180 (these people suck btw). And Cash in a Wink with a balance of 162.50.
I want to make offers to them to pay them off over a years period, basically 1/12 of the balance owed over 12 months. That is going to stretch my budget quite thin, although I know it has to be done.
Will these companies accept an offer like that, or will they demand more? And if they do, what can I do then?
Well, you can do what makes you comfortable, but the fact is, th
Well, you can do what makes you comfortable, but the fact is, these companies are not legal in the state of PA., so in actuality the loans are void and null, non collectible. Those lenders broke the law by issuing a loan to a resident of Pa., and they are not entitled to anything more than the principal amount you borrowed less any payments you have already made. You shouldn't negotiate with an illegal lenders, you should set your terms and discuss it no further. If you allow them to negotiate with you and they intimidate you into paying them more than they are legally permitted, it encourages them to scam other people
You should read the link I gave you above, and file complaints with your state attorney general office and the FTC, these companies need to be reported to the proper authorities.