PDL skyrocketed..what happened and what to do?
Date: Sun, 10/04/2009 - 17:24
also, two questions...if i use a consoliation company, will the sharks be able to call my work? and secondly, when im in the 'payoff' process with a consolidtion company will it be reported negatively on my credit report? what repercussions if any can come from using a consolidation company? has anyone used Oak View Law before?
this is what i have:
Tremont Financial $400
M1Y Direct $250
500Fast Cash $300 still owed i think..
Salaryfast $200
Magnum Cash loan was $780, and they break it down to 4 paymetns of $303...ive already paid one of them
Cash Advance Network $350
Paragon Funding $300
PaydayLoan Yes $350 i think
instantloansnow $600
star cash processing (SCP) $300
Ten dollar payday $400
Nationwide cash (prob @ $400, couldntlook it up online..calling tomorrow)
United cash loans $300
Fastcash-advance $300
wow. i am appalled just reading my own email. with that said, i need to take contol so any advice is much appreciated...
Are all of these Internet loans? You have a lot of lenders who a
Are all of these Internet loans? You have a lot of lenders who aren't licensed in the state of FL, this means obtaining a consolidation loan won't help you because they will NEVER be satisfied with what you pay them! The best thing you can do for yourself right now is close your account asap! I will return shortly, I need to do a little research on these lenders. Check back for my reply in awhile. Meanwhile, CLICK HERE to find out how to deal with illegal lenders.
Nope, NONE are licensed to lend in FL and NONE are CSO's (Credit
Nope, NONE are licensed to lend in FL and NONE are CSO's (Credit Service Organizations). Please read the thread on how to deal with illegal lenders, don't skip any steps, follow it step by step and read it thoroughly!
so they are all considered illegal then? so if thy are not lice
so they are all considered illegal then? so if thy are not licensed in my current state but they are licensed in another state they would still be considered illegal?
Quote:Originally Posted by Anonymousso they are all considered i
Quote:
Originally Posted by Anonymous so they are all considered illegal then? so if thy are not licensed in my current state but they are licensed in another state they would still be considered illegal? |
Yes, they MUST be licensed in the state of FL to lend legally to FL residents. Close your account because now that they have your account number it will never be safe. You can pay them at your leisure when you can afford it. Only the principal amount though, that is all you would owe them.
You can check for licensing yourself at the link below: https://
You can check for licensing yourself at the link below:
https://real.flofr.com/ConsumerServices/SearchLicensingRecords/Search.aspx
You are soooo helpful. Now in that thread with the letter,
You are soooo helpful.
Now in that thread with the letter, you said that they may still harrass you with calls. if they call my work are they allowed to speak to anyone but me or discuss the situation? and what about the references i gave them? will they call them too even if they CAN reach me?
and if i send the letter and they refuse to cooperate, can they put negative marks on my credit report?
thanks for your help...im sorry if this is redundant, but i just want to make sure i dont make a mistake and make this a worse mess than it already is...
Quote:Originally Posted by AnonymousYou are soooo helpful. No
Quote:
Originally Posted by Anonymous You are soooo helpful. Now in that thread with the letter, you said that they may still harrass you with calls. if they call my work are they allowed to speak to anyone but me or discuss the situation? and what about the references i gave them? will they call them too even if they CAN reach me? and if i send the letter and they refuse to cooperate, can they put negative marks on my credit report? thanks for your help...im sorry if this is redundant, but i just want to make sure i dont make a mistake and make this a worse mess than it already is... |
They may or may not call you at work, or your references. There really isn't much you can do about it besides hang up immediately. They didn't follow the law to begin with so they aren't about to now. Just tell your employer there was some fraudulent activity on your personal account and you may or may not receive harassing calls. Make sure your account is closed BEFORE you send out any letters.
im going to send out the C&D letters tomorrow certified mail. w
im going to send out the C&D letters tomorrow certified mail. what happens if they dont honor the letter and refuse to put the money i pay toward the principle? and they just use it to pay the interest?
Quote:Originally Posted by Anonymousim going to send out the C&D
Quote:
Originally Posted by Anonymous im going to send out the C&D letters tomorrow certified mail. what happens if they dont honor the letter and refuse to put the money i pay toward the principle? and they just use it to pay the interest? |
They won't honor the letters and definitely won't agree with you, you'll just need to remain strong and lay your terms down.