Hi all, I have read all of the posts and wonderful advise. I want to make a new post to make sure nothing has changed the posts are kind of old. My check is pretty much gone and i'm single, and terrified of being evicted and having my car reposed and on top of that scared of keeling over over all the stress. I made such a stupid stupid decision and I have to get out of this. I called my bank today chase and they basicly told me that since it was a payday loans involved they would not close the account (the guy read me a speal).

I am posting alot..so I apologize but we are just really getting the ball rolling on settling five of our cards. Unfortunately they are all in my husband's name and 2 are in his business name. He is the nice guy, I am the mean one and I want to be able to handle the calls. I know they are not going to talk to me and are going to start hassling him at his office. Any suggestions on how to not get them to call at work? I know he can tell them that on the first call but will they honor that?

I am not sure if I have posted this before. Now generally there is not much you can do with original creditors, however, something in the Texas code jumps right out at me: Sec. 392.306. USE OF INDEPENDENT DEBT COLLECTOR. A creditor may not use an independent debt collector if the creditor has actual knowledge that the independent debt collector repeatedly or continuously engages in acts or practices that are prohibited by this chapter. So you DO have some clout against OCs if they are using some of the more notorious CAs. I tested this theory.

Ok so has anyone else been getting letters from their CC companies in the last few months saying stuff like due to the new credit card law (there is some official name for it) they are amending the agreement. So as of Feb 22, 2010 your new interest rate will be blah blah and your min payment will now be 2% of the balance. And then it says something about how they can't charge over the limit fees and they are extending the billing periods. It is some legal jargon that goes on and on and frankly I really can't read between the lines of what it is all saying.

The collection agency is requesting that a payment be made directly to the creditor before they can send a settlement offer of 40 percent in writing. A payment will then have to be made in the settlement amount within 7 days. Both payments are made out to the creditor and not the collection agency. The collection agency says this is to show good faith.

If the account is 120 days past due, how does a paid in full settlement look as far as a credit report or FICO score? Is it the same as paying off the account and closing it? Basically, showing that the account was 120 days past due at one time.

Currently, I have five payday loans outstanding. Payday One originally 400.00 owe 280.00 SpeedyCash owe 500 Ace owe 250 Kenwood Services owe 300 Signmyloan.net owe 400 paid 121.00 I am currently delinquent on one and I need to know what are my options. Are they all legal in Texas. If not how do I go about dealing with them and the ones that are legal do they offer EPP ?:(

can i be arrested for defaulting on a ace check cashing pay day loan advance in houston texas?

Please help me - how do I find out who I need to make payments to and ensure that it's not some kind of scam? :confused:

I, My wife and i have been having alot of health issues and have had to take out a few (5) payday loans for medical bills and other things that have come up and now dont know how to get out from under them, they are draining near $1000 a month from us!. and that is just the interest / financing fees.. below is the requested information. 1. Checksmart(2, one for me and one for my wife), ACE Cash Advance, PLS Payday Loan Store, Speedy Cash 2. Checksmart $500 & 300, ACE $400, PLS $500, Speedy Cash $500 3. Just the interest/financing fees 4. Arizona Thanks in advance,