I need some guidance please
Date: Sun, 09/21/2008 - 02:24
State: California
Type of Loans: Internet
PDLs
Paydaymax
Balance: $1399 Original Loan: $1100
According to my loan history on Paydaymax's website, I have paid a total of $3273.81 in fees and interest only, over the last 12 months. Isn't that ridiculous?
Cash Transfer Center
Balance: $1905 Original Loan: $1500
I do not know the exact number of times but I have paid off and re-loaned for this same amount for over 6 months. Keep in mind this company debits your account every 2 weeks for the full amount, so I have paid this company way more then what I owe them.
Paycheck Today
Balance: $520 Original Loan: $400
Rolled over this loan for over 6 months also. Paid $120 to roll over each month.
EZ Paydaycash.com
Balance: $650 Original Loan: $500
Same story .. have rolled over loan for $150 per month for over 6 months.
Two other loans with legal Internet companies (Paydayone, Cashnet USA). I plan to pay these two legal companies in full once I figure out how to rid myself of these other illegal payday loans. I am new to this website and have been looking over many posts and I believe I pretty much understand what needs to be done, but if someone out there could take me under their wing and explain to me what to do, how to do, and when to do it, I would be indebited to you for life. The first step I am going to take is to close my checking account, the only problem with that is, it might be too late in the month to cancel my direct deposit from my employer. So what I am thinking is I will have to block all debits, and once my check is directly deposited I will have to withdraw my money and close it then. After that (fill in the blank) ... Please! Thank you.
reply
you are doing fine,all the ones you listed are not legal.therefore you owe them nothing.get out letters revoking ACH debit rights
and wage assignments.i know cash transfer centers is located out of the country and will try to push through a wage assignment.draft the wage assignment revocation letter and give it to your HR person.wage assignments especially ones for illegal pdl's can be revoked at anytime.send the ACH revocation letters after your bank is taken care of.then get out AG,FTC and BBB complaints.these companies illegally lent therefore not only do you not owe you should seek a refund.you can find all letters in the do it yourself section.again you are doing fine,keep us posted.
I can't seem to find the ACH revocation letters. Can someone gui
I can't seem to find the ACH revocation letters. Can someone guide me to the right page. And also, can you explain what the ACH revocation letter is. Thanks
ummmm....Mr Paul Wilson we are people who need to get away from
ummmm....Mr Paul Wilson we are people who need to get away from Payday Loans...this probably isnt the best place to advertise. That seems like a bunch of information I wouldnt be emailing a random person. Thanks but no thanks!
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did i miss something?you can find all letters in the do-it-yourself section on the top right of the screen.that should have a template to use.