I had taken out a few payday loans about a year or so ago. I ended up closing my bank account because I could not afford the payments anymore. I tried using Langhorne Debt Solutions but that was not working out for me either so I ended up cancelling that.
On Monday at work, I received a phone call from a "Lawal and Associates" about one of my payday loans. I tried to explain to them that I was unable to talk to them because I am a substitute teacher and had 20 first graders in my care at the time and could they please send me a letter or call me later. They said no and that they were going to file criminal charges for check fraud against me for a payday loan I did not pay. The principal for this loan was $150 with Cash First LLC. They told me that I owe over $1700 but they could get it down to $750. I ended up giving them my bank card number because as a teacher I can not have any criminal charges filed against me. They are taking $213 out of my bank account each payday for three paydays. They also made me agree on recording that if they could not get these payments, they would file criminal charges in my county against me.
Yesterday, CMG Recovery called me at work as I was trying to teach fourth graders. Again, they would not let me off the phone and told me that if I did not give my account numbers to them, my driver's license would be suspended. This was for a $350 loan with Cashnet USA. Knowing that I could not get to work if my license was suspended, I stupidly gave them my card number and am now being charged $280 a month for three months for this.
I obviously cannot afford these payments on substitute teacher pay and realize now I should have made them send me a debt validation letter. My question is, can they really do these things they threatened to do? Should I close my bank account and write them a letter demanding a debt verification letter or will this cause more problems? The company with the $150 loan already took $160 so I have paid that principal and the other company took $140 and I had already paid $140 before I closed my account. Would they be able to take me to court and cause me to lose my teaching license?
Sorry for the length...I'm just really worried about all this.
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