Overpaid on one loan with same company but haven't paid up to the principle on the other
Date: Thu, 05/24/2012 - 13:54
I had multiple loans with great plains and paydaymax. I have overpaid on these loans but the ones I have out now with them I haven't overpaid. But if you total how much I overpaid they exceed the loan I have now with them. Should I mention this in my letter to them? I am closing my bank account so they can't access my funds but I would like to get them off my back(phone calls) if I can.
If you have paid more than the principal over the course of both
If you have paid more than the principal over the course of both loans, sure go ahead and mention it. Make sure you follow the instructions in the link in my signature line about illegal lenders. Make sure you do your ACH and wage assignment revocations.
You will need to be patient when you are engaging them to use th
You will need to be patient when you are engaging them to use the overpayment from a previous loan to offset your current loan. Don't give up if the first few attempts at negotiating fails. Just stand your ground and follow up regularly. Best of luck.
