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Payday loans

Date: Thu, 02/24/2011 - 14:45

Submitted by anonymous
on Thu, 02/24/2011 - 14:45

Posts: 202330 Credits: [Donate]

Total Replies: 6


I sent a response to an email I received from a payday loan company requesting they stop all phone calls/voice mails and emails at once and send me a detailed letter of collection and conduct all further arrangements via US Mail and provided my address. I received in reponse from the company that states:

"Unfortunately, we do not conduct business through the US Mail. But I can provide you a statement on your account. We would be more than willing to halt all collection activities, but only after we have either a power of attorney or an arrangement on file to resolve your past due amount."

The email then goes on to state all of these fees totally almost $400 they are charging me along with past due amounts and the priniciple balance equalling alomst $800.

So what do I do now?

Thanks!


I am in VA
Paradise Cash Advance
Principle of 490 still owed but I only borrowed 500$ and made probably 6 payments but I am not sure because I can't get any information regarding this from them.
the account was closed due to separation/divorce.
This was an online account

They are charging me for 2 finance fees of 122.50 and 130.00 returned due to the account being closed mid-transaction which they are charging me an additional 20$ plue principle of 490 bringing the total to $792.

I am just afraid they are going to try and garnish my wages.

Thanks for your help.:rolleyes:


lrhall41

Submitted by on Fri, 02/25/2011 - 05:12

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well since paradise is totally illegal in any state you have overpaid on this.go to the sticky titled DEALING WITH ILLEGAL LENDERS at the top of this particular forum.follow it to the letter.it has templates for wage assignment revocation letters.which you can use to stop them.they won't legally garnish as they need a curt order,but they might submit a wage assignment.that is voluntary and revocable.do that and you will get this parasidic pdl out of your life.


lrhall41

Submitted by paulmergel on Fri, 02/25/2011 - 05:17

( Posts: 15514 | Credits: )


They can't garnish your wages without a court order, they might try to use a wage assignment which is something they stick into their contract in case of default. A wage assignment is voluntary, so, all you need to do is shoot them a dated email that says you are revoking their right to use the wage assignment, also state in the email you are showing a copy of the wage assignment to your employer (and you MUST take a copy to your employer!) so any wage assignment attempt will be denied. Most importantly, CLOSE YOUR ACCOUNT! [URL=http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html]CLICK HERE[/URL] to find out how to deal with illegal lenders.


lrhall41

Submitted by Shazzers on Fri, 02/25/2011 - 06:32

( Posts: 17344 | Credits: )