Hi, i live in new york, i have three pay day loans out. i have paid back the principal but they said it did not go towards my princpal and turned me into a collection agency. 1) How can i just pay on the principal when they say i owe 100s more?? 2) AND MOST IMPORTANT-- how can a collection agency accept this illegal and ruin my credit while trying to get the money???? Please help Tim

I received a call from a payday lender stating that I had violated some sort of honesty in banking law, because my payday loan fee was rejected. He also stated that I had the choice of paying off the original $300 owed out of court or $5000.00 in court fee. I never received any kind of written notice. Can they do this for 1-2 unpaid fee cycles? scared out of my wits.

i have 8 outstanding payday loans that i have made 2 minimum payments on each. i should close my bank account and send them each a letter with my intent to repay only the principle amount for each? please let me know the best way to begin to get out of this mess. mycashnow $360 - paid 165 to date united cash $250 - paid 150 pluto funding $500 - paid 350 plaingreen $750 - paid $223 mypaydayloan $400 - paid 200 cash line $450 - paid 130 sds proc. $200 - 1st pymnt due tmrw FRI redstone $200 - 1st payment due tmrw FRI I would like to not have any of these payments withdrawn tomorrow.

I just posted this morning and I already have good news from MCN. I logged in and found that my account has $0.00 pending. It has today's date and a big THANKS! I copy and pasted the screen shot and emailed it to myself since I never heard a word from them. So, I hope this gives some people hope. I haven't felt this good in a long time. I'm still fighting Plain Green, but I have a feeling that it'll work out. I'm actually about to email them again (even though they have not responded to my reply). Keep your heads up...fight your butt off.

I recently agreed to a debt settlement with Accounts Receivable Management for around $1,000 on an account where I owed over $4,000. I am making payments and several have already gone through, but I have yet to receive any written document stating what our settlement agreement is.

We live in Texas and like many hit a very rough patch due to illness. We signed up with a debt settlement company who has settled one account in a year's time. Tonight we were served with papers. We are being sued by Zwicker & Assoc. for a Bank of America account. The debt settlement company hasn't done much considering how much we pay them. Do we need to pay extra for an attorney from their firm to handle this suit? Will Zwicker settle? We have no extra money and would be in big trouble if our checking account was seized by a judgement.

I just received a call from India and this guy said he was officer so and so and I was going to get arrested for a cashnet loan. Odd thing is I have only had this number for 1 month and the cashnet loan was over a year ago. Principle is paid. They are illegal in Texas. I have the number what can i do? report to AG? any other ideas? the guy called me a F*ing prostitute!!!

Hi all. Perhaps I've missed it, but reading through the FCRA I don't see exactly what is required of CRA's when they investigate a dispute. It clearly says they must investigate, but it doesn't say what is required to be a valid debt/valid bad debt reporting. For instance, I want to write and say "Hello, I'm disputing, please verify X, Y, and Z." Instead of "...disputing." If they're going to report something negative on my credit, what are they required by law to know/look at before posting it on my credit file? If they respond back to a dispute with "No, we find that the negative reporting

Firstly, I want to thank everyone on these forums. Your honesty and forthrightness has helped me to stop being ashamed of the situation I'm in, and work towards getting it resolved. I currently have 9 payday loans out, and I am unsure of their legality in CA. On many, I've easily paid back the principal in fees alone. Yesterday I put a hard debit block on my checking account so they cannot withdraw any more funds from me.

I'm new here, so I'm sorry if I'm not doing this right. I live in New Jersey and from what I've read throughout this fantastic site, payday loans are prohibited here. I have 2 PDLs. One with Plain Green and the other with MyCashNow. I followed the instructions that are posted here. I opened a new account with a different bank. I went to one of the branches of my bank (B of A) and filed claims and put stop payments on the amounts, but I was still nervous and afraid they'd take out a different amount and/or use a different name.