I have been reading the boards for the past couple of days and think I have gotten the general idea, and want to make sure I am right. This is a great help, and you guys are awesome, with all the advice and support!
OK, I am from PA. Have a nightmare 8 loans...closed out my checking account, have a new one. One of the companies is willing to set up payment arragements already, I am happy about that.
Below is the list of the loans I have, the amount, the estimate of what I have paid, and contact info. I only have addresses for 2 of them. Is there a place that lists all the companies and their addresses?
Cash Transfer Centers $566 ( this year, have paid them over $800 in interest, I'm sure)
Level 8 Suite Plaza Commercial Centre
Sliema SLM 15 Malta 866-285-6791
Impact Cash $515 ( Over $1000 in interest)
Your Cash Bank $780 ( over $1000 in interest)
Phone #888-257-7524 ( I think they are out of Utah??)
Total Lending $195 ( paid part of it off, interst is over $700 this year)
They referred this to a collection agency
My Cash Time $520 ( over $700 in interest)
National Cash Advance $390 (90)
866-513-6913 ( willing to make payment arrangemnts) Nevada?
Urgent Cash Advance $480 ( $300)
866-333-7430 ( North Carolina?)
OK, first I need to get addresses, then I send the C and D letters? I am correct with the information, that even though PDL are illegal in PA (my state), I go by the rules of the state that issued them? Then I contact each of those state's BBB and FCPA? Send a certified letter, then what?
The payment arrangements I made with National Cash, do I send money order? I shouldn't give my new checking info, correct?
Cash Transfer Centers is the worst. Derek Adams has called my family and friends, leaves threatening messages, and is so rude.
Once the letters go out, do they have to stop calling family too? If I request our contact is by email and mail?
Then I send my payroll department the revocation of the wage assignment letters for each loan, correct?
Do I contact my state BBB also?
One of the loans said that I would have to pay $780 for a $200 loan if it went to collections...is this correct?
Sorry for all the questions...any and all advice is welcome, this is my weekend project to get this done, so I can concentrate on work again, and not have a knot in my stomache all day, waiting for an 800# call.
I realize I got myself into this mess, and I will get myself out, I just need time to do it.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.