Payday loan charge off?

Date: Wed, 05/01/2013 - 17:58

Submitted by Mitch
on Wed, 05/01/2013 - 17:58

Posts: 70 Credits: [Donate]

Total Replies: 10

So I just logged onto one of my online payday loans and its says its been charged off. What does this mean? I sent them a C&D and ACH rev which they followed. I already paid back principal with an overage of $44. They responded last week they were sending me to a third part collections. I've never heard from the 3rd party collections but I've already faxed/emailed C&D, ACH and validation letters to them. Does this mean now they'll start trying to contact me or is my payday loan paid?

You already sent the CA a

You already sent the CA a validation and all that other stuff?? Probably premature...if your stuff gets there before they get the account, your stuff will simply be trashed...nothing to match it up to.

Do not bother with DVing a CA....simply stick with a cease and desist.

Dear CA
I hereby demand you cease and desist any and all contact with me and anyone associated with me in regards to account # ________________, original creditor. You are collecting on an unlicensed/tribal/offshore lender payday lender and thus the loan is null and void. Should you choose to violate this demand, I will be happy to sue you for statutory damages.

Govern yourself accordingly

lrhall41

Submitted by SOAPLADY on Wed, 05/01/2013 - 18:44

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I was wondering how you send

I was wondering how you send a C&D to a 3rd party collection that you don't know who they are yet?

lrhall41

Submitted by HelpinAZ on Wed, 05/01/2013 - 19:10

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Since they are still trying

Since they are still trying to contact you after receiving the Cease and Desist letter, so file a complaint against them to the SAG or FTC.

lrhall41

Submitted by on Wed, 05/01/2013 - 22:18

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What if the CA refuses to

What if the CA refuses to give you their address to send the cease and desist letter and they are still repeatedly calling your place of employment after you have told them not to.

lrhall41

Submitted by totally confused on Wed, 05/01/2013 - 22:24

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Oh that makes sense now - If

Oh that makes sense now - If they do contact you then you will just need to send again..

lrhall41

Submitted by HelpinAZ on Thu, 05/02/2013 - 04:17

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The original payday lender

The original payday lender gave me all the info about the 3rd party collection. Name of company, email and phone number. I guess I'll just see if anyone tries and contacts me then resend everything.

lrhall41

Submitted by Mitch on Thu, 05/02/2013 - 01:27

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I think I've annoyed 123 Cash

I think I've annoyed 123 Cash Depot so much with me sending them letters everyday, I finally got a PIF!! Now they know how it feels to be annoyed!! Another one bites the dust!!

lrhall41

Submitted by Mitch on Tue, 05/07/2013 - 15:20

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