Next Step To Ending The PDL Nightmare?

It's hard to say . . . Sometimes you will get calls, other times, not so much.

The best you can do is be prepared. The calls can be scary, so you need to know that they are liars. Remember that, you cannot go to jail. They cannot take legal action against your employer.

I think we're prepared for any BS but I'm wondering what to say to them? I think we should ask them for a mailing address (and from what I can tell from what I've read here they won't provide one) as well as requesting a copy of their license to loan funds in Indiana (something else they can't provide).

2 of these PDLs are credit protection dept, the other 2 MTE. In each case, one is overpaid and he otehr tehre is money owed on the principle, but basically, if we could get a refund we would be even.

anyone know how long after ACH's are rejected until the phone calls start?

It's really difficult to gage when they will call, sometimes it's right away, and sometimes it takes awhile. :)

It sounds like you are on the right track to being pdl free.:) Do not give out your new bank account information to anyone, I hope that you have opened your new account at a different bank or been assured 100% that these pdl's won't get into your old account if you are still with the same bank.

Hi ladybug,

My gal at my bank did assure us there's no way our new account can be debited. I have her business card and I've been checking my account often. But the waiting to see what happens next is killing me. However, it's no longer killing our family's ability to buy food!

jt. . .you have half the battle over by closing that account and gaining control of your money. I know about the waiting game. I couldn't stand it either, and as a result I probably pushed too many buttons, (according to the PDLs anyway) but in the end I did come out the victor. . . . you will too. Keep us posted.

I am glad to hear that you have finally found relief from these pdl's. Pretty soon you will pdl free and will be so happy:)

i'm glad things seem to be working out - you're on a great track! if they call, you can always simply say that you wish all communication to be in writing. that actually has worked for me. i only have one pdl left to settle and even they dont call too, too much.

Thank you :)

I've received emails from 3 out of the 4 places today. I sen the C and D letters back. There was 1 call. I checked the number on the Internet and it came up mycashnow. We don't have one with them but we do with 2 of the sister companies. I didn't pick up and they didn't leave a message.

heres an email that came late last night from paychecktoday:

Your last payment was returned. We are now offering you a settlement
on this account prior to sending this to the credit bureau and a third
party collector. We attempted to contact you via email and telephone
on several occasions with no success. Please respond to this email
asap and advise as this is a one time offer that will be void after 3
business days. We accept the following forms of payment:

VISA
MASTERCARD
MONEYGRAM
DIRECT DEBIT FROM BANK ACCOUNT

Please respond asap to settle this account.

Sincerely,

Paychecktoday
Recovery Department
866-756-0600

They have been mailed a physical C&D letter as well as 2 over email. What do I do next?
Note: the payment was just returned last Friday-there have been no calls (thankfully) and this is the second email. I overpaid this company by $35.00.

I would send back this reply, but that's just me. :lol:

NO THANK YOU!

I mean for crap sakes, they are illegal!

Shazzers :)

I'm trying to get at least at PIF from them. Do I resend the C&D letter (which explains they're illegal in IN)?

Yes indeed you should, in fact, I sent emails to my pdl's over and over, I stressed that they were in violation of the law, I demanded they reciprocate with a PIF letter. But yeah, if I were you, I would resend the same letter each time they reply such as above. :)

Actually, highlight your laws where it says "prohibited", make it clear to them you are NOT paying another dime, and demand a PIF letter. Oh my, this kind of thing makes my blood boil. :x :lol:

done :)

this just in from creditprotectiondepot:

Credit Protection Depot
1-866-645-1661

CLOSED ACCOUNT WARNING


We have received information from your bank that you have closed the account, which you authorized to be debited in order to repay your legally binding loan obligation. We consider this to be a refusal to repay your debt and will immediately initiate action to protect our interest. We must require that you render your payment in the amount of $334.38 via western union quick collect or moneygram immediately. This payment reflects your balance as of July 30th 2008.

We may also initiate other action, which may include, but not be limited to, obtaining legal representation, (which would create additional charges to you), if we do determine that a request be made for service or a court appearance for a possible judgment be issued against you for the repayment of this legally binding debt.

Depending on the circumstances surrounding how you obtained the loan, we may also initiate internal investigation to ensure all information submitted on the loan application was accurate and not done fraudulently in order to attempt to obtain a loan under false pretenses

(payment info, where to send ect)
If this account is referred for further review and action to our outside firm for additional collection efforts, it will commence activity on the account to be done to the fullest extent of the law in order to protect our interest in this matter. At that point, you will be responsible for all additional fees associated with costs involved for the collection of this debt.

Please call us immediately with the Control Number of your wire in order to update your account and to avoid other action and charges to you.

I would highly suggest you call 1-866-645-1661 to resolve this matter immediately. This is the only way for you to resolve this very serious situation, which you have initiated. Your failure to do so may result in the above-mentioned action being taken

Thank you,

Credit Protection Depot

next step guys?

I guess the C&D letters are either being ignored or not received. Phones ringing pretty good around here.

I don't have a fax machine and the only place I know of is $2.00 a sheet.

Anyone have an email for creditprotection depot?

oops-forgot to log in. the above is mine.

When I dealt with them the communication came from "CPDCustomerService@CreditProtectionDepot.com". Anyaroberts has indicated that they are no longer at their previous address and this email is not working. Give it a try, You have nothing to lose.

Thank you llw-I did and can confirm that email address does not work. They have it set up for outgoing only.

just to update:

I called a friend who had a fax machine and sent the faxes out. I guess now its a waiting game? I've done all I know to do at this point.

In case anyone if following my taie, I just filed complaints with the BBB. For anyone who hasn't done so, I was worried it might be complicated but it was actually really simple. I recommend taking a few minutes and filing your complaints.

I'm glad to hear that jt, I always try to advocate filing complaints, it may be the only way to eventually stop this madness!

jt. . .thanks for confirming that address is non working for incoming emails. Chances are they are playing dumb. . .they got the C and D letters but by not acknowledging it they can say, oopsy, did I do that? You are right. . .it's the waiting game time. PDLs are good at that! Good luck with the faxes. Keep us posted.

aside from the settlement letter, not a peep today.
Calm before the storm? LOL

I got an email from paydaymax today offering a special rate on a new loan. I figured it was just spam but wanted to check in hopes my account was PIF and they hadn't bothered to tell me.

I couldn't log in. I'm guessing this just means we're banned?

Hi Folks,

Just wanted to check in. Our kids go back to school tomorrow so we've been busy with all that. The good news is, at least theres money to buy there supplies, which we wouldn't have if not for this sit and all you wonderful posters.

We have received no phone calls, no emails no snail mail, nothing in the last week (the last thing was a BBB response). The only call I did receive (now over a week ago) I requested a dunning letter which they claimed was mailed Aug 4th-still nothing.

But wow, we sure have been getting the loan offers in the email box!

Hi jt, I'm in the same boat but two weeks behind you. The solid waste hits the fan tomorrow morning when they attempt to debit a closed account. After that I'm expecting strongly worded letters from all 8 of my PDLs.

Did you file your BBB complaints online? Did you file with the FTC?

Good luck, I'm right behind you.

Hi Chroma,

I did file with the BBB-got one standard BS respsonse from MTE. I haven't went with the FTC yet. I'm waiting for something to happen so I can forward it to the guy at the IND Office of Financial Institutions.

I am getting a bunch of emails from assorted CPD companies offering loans. I think they're on an account fishing expedition.

What state are you in? When it comes to anxiety, I can tell you being in the right state (IN, IL, NY) makes all the world of difference.

We're still playing catch up on our bills from this PDL mess, but theres a twinkle now at the end of the tunnel. Oh, and I had $$$ to buy my kids' school supplies and we get to eat.

I say relish your first full paycheck you get to keep next week.

You know, as the shame finally lifted and I started telling friends and family of our mess, I was shocked to find out how many more people had been in this same boat at one time or another.

I'm in NJ, and this morning all the PDLs found a closed account. I also paid my mortgage and some bills I was behind in. I saved the principal I owed four of the 8 lenders. I await the emails. My wife shut off the ringers on our phones. I expect them to start harassing me at work. The C&D letters have been emails, but they are going out certified tomorrow.

PDLs are illegal in NJ, and the Department of Banking is getting a letter. I have a thread here called seven payday loans (I didn't realize I had eight!) and I was NJ Troubled when I started it.

Still troubled, but it was nice to actually have money this payday.