Payday lenders getting paid funds on funds. Collected a lot

Hi Parris

Welcome to the forums.

How have you found our forum? :D Please feel free to browse through this forum and participate in any of the discussions. I hope that you will enjoy with our members here.

Well, you should have definitely saved some money if you would have closed the checking account some time back. The lenders are always on the move to recover the maximum money from the people. Call your bank and get your checking account closed.

Later, the lenders will try to contact you on not receiving money from you. You will ask them to produce the financial statement about the loan payments. If you have paid more than the debt account, you are likely to get a refund from them.

Keep everything documented while you deal with your lenders. They just forget things very quickly. If you record everything, you will have sufficient proof to put yourself in stronger side.

Right now, the first thing that you need to do is to call your bank.

Regards
Roxette

You stated above that if she gets financial statements that show she has paid more than the debt, that she may get a refund.

I have requested debt validation letters from all of my payday loans and not one of them has sent me anything yet. It has been almost thirty days and nothing. What do you do in this case? And what if they keep adding interest, etc to your account every two weeks?

When you don't get any written proof about your accounts and this item is hurting your credit negatively, you have the right to get it removed from your credit file. Get the help of your lawyer and send a letter to the company with this text.

YOUR NAME
ADDRESS
CITY, STATE, ZIP CODE
SOCIAL SECURITY #
ACCT #

CREDITOR NAME
ADDRESS
CITY, STATE, ZIP CODE

Date:

To Whom It May Concern:

My credit rating was negatively affected by your entry to the that showed a past due status of my account with you. I have since requested for debt validation or the statement showing the true picture of my account. Till date, I have not received any information from your side. Therefore, please return a report reflecting the permanent deletion of this account from my credit report. Or, I will be forced to take further actions.


Thank you for your attention to this request.

Sincerely,

Your Name

Cc: (Insert a lawyer's name here), Esquire

Thank you for the letter. But what about the debt if you don't receive a validation letter? Thanks as usual Roxette

The same letter can be used against a collection agency who has failed to give you validation details. But before you send this letter, check your credit report if they have hit your file negatively. If so, then only it should be required to send the letter with purpose.

Suppose, if they have NOT hit with negative information in your file and you give legal attention for failing to validate the debt, you don't have anything to prove the damage they have done in your file. In that case, C&D letter is the alternative.

I am guessing if I have explained you clearly :D

Thanks Roxette for the welcome and the great responses.

I love this site already. When it comes to the Bank acccount I knew I should of closed it a long time ago,I was just doing the right thing not knowing it was the wrong thing and a rip off.On Monday I called my bank and asked them to closed the account, so I will hear back something today. I am going to ask the Company's for the statement. I already know all the companys got a least $500 each from me.

You all have been so helpful.
I look forward to speaking with you all on the boards!!

I am not familiar with this site at all, so when I came on to the site to reply to all. I saw my name at the top and thought I was signed in. So I went to post and when I did it came under guest so that is me replying back to you Roxette and the rest.

Sorry for the confusion.

Parris

It's nice to hear from you today. Wishing you a very nice day ahead. :D

I already know all the companies got a least $500 each from me.