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how do i stop payday

Date: Mon, 07/30/2007 - 06:42

Submitted by anonymous
on Mon, 07/30/2007 - 06:42

Posts: 202330 Credits: [Donate]

Total Replies: 6


how do i stop payday loan companies from makeing automatic withdrawals? Is there a form letter anywhere to mail?


Follow the advice on this site and you can handle this on your own if you are willing to work at it. In June I had 10 outstanding PDL's and currently am down to only 3 that I have not gotten a Paid In Full on. You can do it! Just make sure you provide all information the members on here ask for so they can help you!!!!! GOOD LUCK!!!!!


lrhall41

Submitted by bflow30 on Mon, 07/30/2007 - 09:48

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crobe, as frogpatch posted, please let us know what state you're in, who the pdl's are, how much you borrowed (principle only) and how much you've paid. We can help you with getting the pdl's taken care of and also your bank account. Please post more information and we can help you here.


lrhall41

Submitted by cannr on Mon, 07/30/2007 - 11:07

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Sorry this took so long. One is Payday O.K. Amount left that I owe is $300. The second is Cash in a wink, amount left on loan $300, and the third is my cash now for $500. I live in Florida. These are all Internet loans.


lrhall41

Submitted by on Mon, 08/13/2007 - 19:48

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Okay. They are all internet loans and you live in Florida. I'm going to post the Florida pdl laws for you to see. As you can see, rollovers/extensions are prohibited in Florida. So these pdl's that are charging you rollover/extension fees are charging you illegal fees. Also, please note that in Florida criminal action is prohibited. That always makes me feel better. However, I have to ask you - you did list the pdl names, which is great. Thank you. But what we need for you to do is list the amount borrowed from each one (principle amount only - what they deposited into your account) and then next to it the amount you have paid them total (every penny - don't break it down into fees). What you've paid towards your loans should go straight to the principle amount of the loan. No fees/rollovers/extensions. So, if you could do that, we can help you further. And frogpatch (who posted above) is also in Florida. He can help to see if they are even licensed to do business with residents of your state. Meanwhile, read your state law that I'm posting and then post the dollar amounts borrowed and paid for each pdl. We can help from there! :D

You will find the Payday loan laws for Florida here (just select your state),

http://www.debtconsolidationcare.com/paydayloan/explain-pdls-laws.html


lrhall41

Submitted by cannr on Mon, 08/13/2007 - 20:03

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