Sold everything to cover PDLs, need help.
Date: Sun, 01/06/2013 - 21:49
I am WA states.
7 Day loans: Borrowed $350, paid $420
Advance Me Today: Borrowed $300, paid $360
Everest Loans: Borrowed $400, Paid $600
Plain Green Loans: Borrowed $1000, Paid $838
United Cash Loans: Borrowed $800, Paid $720
What I need to know is if these are illegal in WA state, and if I can do what everyone else here is doing by closing my bank account and writting the letters. The next withdrawal is on the 19th. I need to this quickly. About 90% of my pay check goes to pay these guys. For the last year I have been living of extra work and side jobs just so I can pay these loans with my regular pay check.
I have already opened another bank account, I cannot close my current account with BofA because my wifes direct deposit check goes in next friday and we didn't change it over to the new back in time. I plan on making sure all is cleared by next Saturday at BofA and going in to close the account. From what I understand closing the account here in WA state is easy because there is no waiting period or anything like that. Am I correct here? I am waiting to send off the letters until the account is closed, just in case they try to push something through early.
Believe us when we say it
Believe us when we say it does work. Most of us here have been in the same boat. We know what you will be going through. Just hang in there IT DOES get better!!!
Hope it works..
Thanks Waffles, I will keep everyone posted because like a few on here I am a bit worried that it will not work and I will get my self deeper in the hole. I can't close BofA until my wifes check has cleared this friday. After that I was told by a BofA employee that the account wcan be closed but it stays in a holding period for 3 days just in case someone tries to put something through. If they try it could actually re-open the account. My hopes is that by next wednesday or thursday it will be permanently closed and I can send out the letters. My due date isn't until the 22nd so I will have about 6 days before the due date for the PDL to respond or attempt something.
it does work trust me. You
it does work trust me. You just have to stand your ground with them and not let them scare you into anything. You will get alot of bull from them saying your loan was legal and valid and you knew what you were singing. But bottom line follow the steps send the emails out and send the remaining payments when you can. We all took these loans out thinking they would help us get ahead yet they push us further behind. What I did is im getting caught up on my regular bills and when I have the extra pay them here and there. they can either except it or tell them the wont get anything at all.
Advance Me Today- illegal
Advance Me Today- illegal lender
United Cash Loans- illegal lender
Plain Green Loans- illegal lender
Most of your lenders are illegal. You owe principal only. Don’t pay them an extra dime other than the principal. Close down your old bank account and open a new one. Ask them for a refund as you have overpaid them.
So here is some good news:7
So here is some good news:
7 Days Loan: Offshore illegal lender. You have already overpaid them, Advance Me Today and Everest Loan: Illegal lenders, you have overpaid them both. Plain Green: Illegal tribal lender, you owe them just $162 more. United Cash Loans: Illegal tribal lender, you just owe them $80 more.
Here is what you need to do. You first need to put your BofA account on 'Deposit Only' status so that your wife's check can get through and the illegal lenders cannot touch the money. Second, you will need to send out copies of ACH revocation letters to each of the lenders and to your bank. That would also stop them from hitting your account.
After that is all over, contact your lenders, demand that your account be marked PIF after which you should promptly file complaints with the AG and the FTC.
As for PGL and UCL, you can pay them whenever you want, no need to get into agreements or payments plans with them. Just make sure you pay only using either a prepaid debit card or a money order.
