There have been many posts asking what the difference is between Teletrack and Telecheck - I thought it might be helpful to have this information as a sticky to clear up any confusion. Teletrac: This nationwide database is used solely by payday lenders, some rent-to-own retail stores, and a few other high-risk lenders. If your payday lender uses this database, and you default on their loan (or in some cases, just tick them off by paying late), they will report their experience with you to Teletrac, which will make it difficult to obtain another payday loan.

I am new to this, so I will get right to it. I have three payday loans in Tennessee, and someone has mentioned a letter I was just wondering if anyone knew how to write it. Thanks lynn.

Hi everyone, I was wondering, since lots of us have defaulted on these PDLs, I am sure we are on the teletrack database. I remembered reading that (I think) the only way this would effect us is if we tried to take out another PDL (DUH!), or some other kind of subprime loan. Is this true? What are the negative consequences of being on teletrac?

So I have been completely payday loan free, owing nothing, everything taken care of, since March/April of 2006. That's a year and a half of no bs and no worries. Well, yesterday I got a letter in the mail from Midland..Everyone's favorite collection agency..Telling me that they bought a payday loan debt for $202 from no-fax-payday-loans. I never had a PDL with them!! I had 6 total, and they were NOT one of them. Here's the fun part, though..They are a Rio company, and I did have a Rio loan..From which I got a refund of $200 from. This is all a mess!!

I had a debit from my account yesterday from Westbury Ventures. I have had other PDL but not with this company.Reading the post I think they may be working with Arrowhead. I took out a loan with them in December 2006. By March I had paid over $600 on a $250 loan. I had to close my BofA account.This is a new account with a different bank. How can they legally go in my account and take out money I didn't authorize? I live in Illinois. I don't think they are licensed here. HELP!!!! How did they get my information?

I live IN CT, Im dying in debit I cant take it anymore. My bank account w/ BOA was finally frozen, NO more Credits or Debits are allowed so they cant attempt to request Cash after almost $500 in NFS fee's. :cry: I had to default on two loans so far b/c I couldnt afford it. It was either defaulting on PDL or being late on mortgage, having no cash to buy food. I've been driving since april w/o car insurance. I have 4 littles one to think about. :?

I have large credit card dept due to using gay chatlines and gay escort services is there anyway I can get out of paying the illegal ones.Personal info removed Cajunbulldog

people wont give me loans cause I am gay can I sue

Ok, I've got a couple of questions that I am hoping someone can help answer. I have something on my credit report that I sent a validation letter for. They were only able to provide me with a letter saying the dates that I supposedly incurred this debt etc. They could not provide anything with a signature or anything like that. In the validation letter (that I got off of here) I stated that if they could not provide proper validation, that they needed to remove the account from my credit report. They did not, so I disputed it with the bureaus.

Okay, so I've seen a lot of posts about recording phone calls if you feel like a collector/pdl company is violating laws. I looked up the laws regarding this for NC, but have NO idea what it means. NC is a one-party state. Does that mean that as long as I know and consent to the recording, I don't have to inform them that I am? Just curious.