Help for PDLs!

Fullycommitted,

Welcome to the forums, you are not alone in the payday loan cycle. Are these store front or internet lenders? What state do you reside in?

Internet companies and I live in North Carolina.

Internet lenders are prohibited from lending loans in North Carolina. Which companies did you take the loans from? You are responsible to pay back only the principal amount. Review your bank statements and find out how much has been paid so far. If the principal amount is paid off, nothing is going to happen since the companies violated the laws. You should insist for the 'PIF' in writing.

I understand your freustraiton with the payday loan industry and hopefully we can hel you here. If you haven????????t already registered then go ahead and do that, someone will be in touch with you to help you sort this mess out. I myself got mixed up in the PDL industry I think sometime late last year or early this year. I was pretty good at getting them paid off but then in June I lost my job and that whole idea went kaput. So anyhow I am now working to pay these off by the year 2016 lol. My advice to you is close you bank acct and open a new one, do NOT give out your new banking infroation to anyone ever again as they will ALWAYS put their hands in your cookie jar and bleed you dry. Also if you can get your phone number changed thus the irritating collection calls will stop. This is a total pain I know but it will take the pressure off you. If you need to send them a cease and desist letter but use it with caution. I copied and pasted here the one I used and it seemed to work. There are many people here to help you so go ahead and post away but first call your bank and get that acct closed so you will have food money at the end of the week. Good Luck.

Company Name
Company Address
City, State & Zip


Date

Re: Account No. If Available
Creditor: If Available

Dear Sir/Madam,
This is to request you to CEASE and DESIST from your efforts of collecting debt payments on the above referred account. Also you are now no longer authorized to debit my (type of account) with (name of bank) ending (last 4 digits of acct). I would like to work with the original creditor of the account rather than collection agencies.
You are hereby instructed in accordance with the federal and state laws, to stop all collection efforts immediately or face legal sanctions.


Cordially,

Your signature

Your name and address

If it is the original creditor they do not have to follow the cease and desist requests. Only the CA it is sent to. Passionhunting is right in NC they are illegal and you are only responsible for paying back the principal.