Help! need to approch internet payday cash companies

http://pollyandsay.yesdebtfree.org/template-letter-for-settlement-with-internet-payday-lenders/

Check out this link to pollyandsays blog- she has created some wonderful letters to these lenders that some of the forums members have had great luck with. You seem to have a good grip on Arizona law, so just tweak the letter and insert what you;ve found to make it appropriate for your state. There's a good chance sending them this letter will get them to agree to work out a payment schedule with you. If you've already paid back the principal amount of the loan, there is also a chance you could get the account marked paid in full. Be sure to send the letter certified return receipt, so that you have documentation that you;ve attempted to work with the lender. Keep us posted on your progress, and good luck!!

ouzog12, which loan companies are you dealing with? It seems that they have been violating many of the laws in your state apart from not being licensed there. Internet loan companies must be licensed in the borrowers' state before lending money. This ensures that they should not go further violating the laws by charging excessive amount beyond the permissible lines. Monitor your bank account also if you have given out this info to them.

keystrokes,
they are m1ydirect, oneclickcash, paragon,cash today ltd. I spoke to my bank and they can freeze my account for as long as I like till I get these straightend out but I have paid these guys way to much money. I thought I would freeze my account send them a cease and desist letter so they cannot contact my employer, family and myself at work then I would send them a debt validation letter either requesting them to close the account or settle. Thoughts/suggestions?

I'm dealing with Cash Central, tendollarpaydayloan.com and my cash now. I'm in California, any advice on how to deal with these 3. I want to pay them but the fees are getting me down.

ouzog12, since you can prove that you have paid too much money towards the loan account with these companies, you are in a comfortable and valid situation to freeze your accounts with the bank. Cease and desist letter will not work on the payday loan companies. They work only on the debt collectors. These loan companies will contact you after not getting money from you. Ask them to give you the statements of the past payments so that you can review and ensure if there is any remaining balance. Once you place your requests in writing with the companies, you gather proof of your actions and the responsibility falls on them to present the facts out. If required, you can take some free legal aid also.

paulisgirl, ouzog12 has paid enough than the permissible charges. Check your state laws to confirm how much should have been the charges towards your debt account. If you also find yourself in the similar situation, my suggestions given above relates to you too.

I do not think aside from closing my account I have a choice but to freeze - cannot afford it my account is already negative because of this. I understand what you are saying though. Question - what if I write them a letter or call asking for this information and telling them I cannot continue affording this? Have any other suggestions or examples of letter I can write - I do not need the phone calls to start at my work.

Some sample letters are put in Polly's blog. It has proved successful to most of the people in getting the 'PIF' from lenders. Hope, it works for you as well.

http://pollyandsay.yesdebtfree.org/template-letter-for-settlement-with-internet-payday-lenders/

BuildingWealth,
Thank you - Do you think I should send this letter before they contact me see My account is now frozen and there is only one lender yesturday that tried to go thru and the rest will try and hit next week so, should I send this to them now or wait? and also should I forward them a cease and desist letter so I can head off the phone calls at work?

You might want to call them first, then follow up with a letter and emails.
Creditors do not have to heed the cease and desist..that only applies to collection agencies!!
The pdl's will probably call you anyway. If you try to come to some sort of settlement, or start sending them some money each money, they may leave you alone.
It just depends on the lenders. Some are more aggressive than others.
Make sure you get it all in WRITING though.