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Hello, I have several payday loans that I have not paid, some of them are on my credit and I would like to start clearing this up. I was going to file bankrupt but I need a car and can't do that now I think. Anyway I am just thinking about the option of just cleaning up my credit and see what happens. Can any one tell me where to begin with the payday loans? Also I don't want to pay them if they are illegal. Can someone help me? Thanks.

Is there a maximum interest rate a cc company can impose? I know it may differ from place to place but what is the general? I have one at 29.9 right now and don't want it to go any higher. yes, I have had late payments but always within 5 days of the due date. But I know, late is late. Thanks--

Should I send a settlement letter to CAs even though I haven't validated the agency. Should I settle and put a request for documentation in the letter before I send them a money order for the (let's say 25%) settlement. All the cards have been charged off for over a year so they are probably not with the OC anymore. I really want to get this done, now that I have some money to pay them. Any advice would be appreciated. Thanks

Should I send a settlement letter to the attorneys that sued me representing Discover Bank? I already answered the complaint. Do I just wait until I get a response from them? Please advise.

Hi Community, A couple of my fellow posters informed me that I used a term I should have not used...complaining! This was the wrong terminology and I know the people that log on to this site are not complainers. I came here for guidance and I support you 100% for trying to get out of debt. So I am sorry if I offended anyone. The message I was trying to get across was that I, with your help, want to put a stop to these illegal lenders because I don't want no one else to become a victim.

I'm trying to buy some time so I can save up to negotiate debt settlements on all our unsecured credit cards. The debts in my solely my husband's name total $50K. My husband is employed so he receives a regular paycheck. The debts only in my name total $55K. I am self-employed. I need to stagger the settlements over the next 12 months. So the strategy I was thinking of is to let some of them go unpaid now and make minimums on others for a few months.

I received a letter from Phillips and Cohen regarding a Bank of America credit card. This is the first letter I have received from them. It contains my correct account number and balance, but it also has a clause at the bottom saying I can request validation by responding in 30 days. It basically says that they have been contracted to collect this debt, and would like to give me the opportunity to pay in full. It is about $3500, and I cannot pay in full. Should I consider this letter validation? Should I send them a letter with a payment proposal? Thank you for your help

Im 30 days late and waiting to get some money together to try and settle my accounts of 140,000 with AE and BOA. Should I be answering when they call or just wait till 90 days and then call

I'm about 65 days delinquent on my mortgage and home equity line. Both are through Wells Fargo. All in all, the communication has been pretty courteous with both groups (WF Home Mortgage and WF Home Equity). They both call me every 3-4 days, and every day thereafter until i return their call. That gives me about 3-4 days until they start again. Anyway, I did notice when I talked to them last night, that they definately were much more testy than normal. I guess 60+ days is some sort of threshhold perhaps, before things are elevated.

ok here is the story. My boyfriend got a payday loan awhile back and didnt pay it back. Some time past and they got ahold of him. they told him he had to pay it by 5:00 or they would arrest him. I believed the guy so i gave him my checking account number and they have been taking $100 a month for 3 months. He originally recieved $400. Anyway he has been layed off and I cannot afford to pay it for him. So i called all kinds of number to figure out who is taking the money out so they can stop. The company taking it out are real as...les.