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Help in Missouri

Date: Tue, 08/31/2010 - 11:59

Submitted by anonymous
on Tue, 08/31/2010 - 11:59

Posts: 202330 Credits: [Donate]

Total Replies: 12


I have four PDLs that I am trying to get out from under. Living in Missouri I know I can't close my bank account. I'm not even sure where to get started with these. I've been reading the threads here but they can get a bit confusing. The loans I have are all internet loans. They are:
Blackcard Loan - $800 borrowed - paying $192.00 interest only
CRI - $300 borrowed - paying $75.00 interest only
Cash Jar - $300 borrowed - paying $125.00 interest only
Ace Cash - $300 borrowed - paying $71.75 interest only
I've already gotten myself out of the credit card hole and this is the next step. I'm just not sure where to start. On some of the threads they mentioned PIF letters, but I've not been able to find them and how to use them. Thought and ideas?

taybro


Quote:

Originally Posted by paulcahill80
Except Ace Cash, all your payday loans are illegal. So, you are not legally bound to pay anything to them except the principal amount borrowed.
Click on the following link to know about how to deal with illegal payday lenders: http://www.debtconsolidationcare.com/paydayloan/illegal-pdl-dealings.html

Never assume the full name of the lender, request the facts first before making a determination. Thank you.


lrhall41

Submitted by Shazzers on Wed, 09/01/2010 - 07:06

( Posts: 17344 | Credits: )


Just a little update. I have gone to the bank (Bank Midwest) and they wouldn't do a debit block or any of the other suggested remedies. What they have advised us to do was to close our account. Yes close it. So that is what we are doing today. We are sending the emails today as well and go from there. The bank was extremely helpful and actually very, very kind and gave us another option of issuing stop payments to the various companies but that was going to be very expensive and kinda dangerous if you weren't able to specify the exact amounts as well. They weill order the new debit cards for us and help us manager fromthis point out.

Now just to get the emails send and get the other ball rolling.


lrhall41

Submitted by Julia Purnell on Wed, 09/15/2010 - 08:31

( Posts: 6 | Credits: )


Julia,
My Bank Suggested the same thing, I also live in Mo and I am currently trying to block, 500fastcash, unitedloan, and Zip19. I for now how issued stop ACH payments and checks to these companies, but will be going back in in a couple days to close the accoount out! I am right here with you on this!


lrhall41

Submitted by treschaterry on Wed, 09/15/2010 - 10:37

( Posts: 5 | Credits: )


It's not easy but it was the best decision my husband and I made. I finally slept last night for the first time in a very, very long time. I know it's not over, in fact just beginning, but when you make that first step it's so much easier. We know we made the mistake of even getting involved with these people in the first place, but you just never realize just how sucked in you are going to get.

Keep the faith and if we all work together and support one another, we can make it through and we won't let them win!


lrhall41

Submitted by Julia Purnell on Thu, 09/16/2010 - 06:15

( Posts: 6 | Credits: )