Just took the plunge.

So I finally did it: I started to fight back against the PDL companies. But I'm scared stiff.

I have four debts totaling $1830. I signed up with a payday loan debt management company called Progressive. They seemed pretty professional and the response was quick.

Anyways, I'm jumping ahead. I talked to Progressive and they told me to close my checking account, which I did (sort of). I haven't even sent the PDL companies anything stating that I am seeking the services of a debt management company; Progressive told me that they fax a power of attorney sheet to the PDL's as soon as they get it from me and that they handle all communications.

I went to the bank and explained my situation. The representive told me that she is keeping my account open until tomorrow because I'm getting paid by direct deposit, and then she will close it after funds have been transferred to my new account (which I already have). I think there's too much room for error, so I'm going to transfer my money tonight (deposit will post around midnight) and call her first thing in the morning and have her close it right then.

I asked her what will happen when the PDL companies try to withdraw the money and she told me that it will be returned to them because the account is closed. I made sure that they don't open the account or assess any fees; she said the account is closed, they get a return on their transactions and its pretty much up to me to deal with the companies. I'm cool with that as long as they don't reopen the account or assess fees or whatever. My bank is Navy Federal Credit Union if anyone else has experience with them.

I guess I'm just typing all this out for stress relief. I'm stressed out beyond belief right now. Did I do things the right way? Any thoughts? Anyone ever deal with Progressive and/or Navy Federal?

Thanks.